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Unregistered 13-09-2014 03:45 AM

No. of years exp
 
Hi all,

Just wanted to ask about the no. of years experience needed to "climb the ladder". Any input will be much appreciated. Below is my rough guess (not in banks currently)

Analyst = 0-1 years exp
Senior analyst = 2-3 years exp
Associate / asst mgr = 4-5 years exp
Senior associate / mgr / jr AVP = 6-7 years exp
AVP / jr VP = 8-9 years exp
VP = 10+ years exp

Also, does one usually go up the next grade by jumping banks or staying put?

Unregistered 13-09-2014 08:57 AM

Quote:

Originally Posted by Unregistered (Post 56289)
Hi all,

Just wanted to ask about the no. of years experience needed to "climb the ladder". Any input will be much appreciated. Below is my rough guess (not in banks currently)

Analyst = 0-1 years exp
Senior analyst = 2-3 years exp
Associate / asst mgr = 4-5 years exp
Senior associate / mgr / jr AVP = 6-7 years exp
AVP / jr VP = 8-9 years exp
VP = 10+ years exp

Also, does one usually go up the next grade by jumping banks or staying put?

All depends . But can be sure, different bank has different corporate ladder. Depending on which department. For my case, I am an asst mger after 1 yr of exp.

HOCER 13-09-2014 04:22 PM

ANYONE knows much abt the role of customer due diligence analyst in jp morgan?

how is the working hours, intensity of work, prospects like?

Unregistered 13-09-2014 10:27 PM

Quote:

Originally Posted by Unregistered (Post 56289)
Hi all,

Just wanted to ask about the no. of years experience needed to "climb the ladder". Any input will be much appreciated. Below is my rough guess (not in banks currently)

Analyst = 0-1 years exp
Senior analyst = 2-3 years exp
Associate / asst mgr = 4-5 years exp
Senior associate / mgr / jr AVP = 6-7 years exp
AVP / jr VP = 8-9 years exp
VP = 10+ years exp

Also, does one usually go up the next grade by jumping banks or staying put?

Roughly but different banks different route meaning different timeline needed for progression. But one thing is for sure is that 4-5 yrs of exp would start opening doors to many opportunities. Recruiters /hr / hiring mgrs r mostly "blind". With so many cv to screen, naturally they will look at years of relevant exp instead altho exceptions do hpn sometimes.

Unregistered 14-09-2014 09:57 AM

Quote:

Originally Posted by Unregistered (Post 56275)
different bank, different hierarchy. Could also be in this manner :

Analyst = 2.5 to 3.2K++
Senior analyst = 3.4 to 3.7++
Associate / asst mgr = 4.5 to 5.2++
Senior associate / AVP = 5.8 to 6.8++
AVP / jr VPs = 6.5 to 8++
VP = at the bare minimum the basic would touch 9s range. Normally, a seasoned VP (i.e with around 10years of exp) would take 5 digits monthly.

The figures are based on what i know from headhunters / ex colleagues in similar capacity. There's a blurred line drawn between assoc / snr assoc and AVPs. As far as i know, some banks used them interchangeably, meaning they inflate job titles to boost the "feel-good" factor but pay wise it is not even on the correct scale yet.

This pay scale is the same for all back end jobs? If I'm not wrong compliance is kinda back end too? It's only due to recent regulations change then they started to demand more ppl in it. Can anyone shed some light for operations too?

Unregistered 14-09-2014 11:05 AM

JPM working conditions
 
JPM recently hired more than 300 persons for there Changi Office. Working conditions are going to be gruelling with all these FT working overtime and weekends and everyone else expected to compete on similar lines.

Quote:

Originally Posted by HOCER (Post 56300)
ANYONE knows much abt the role of customer due diligence analyst in jp morgan?

how is the working hours, intensity of work, prospects like?


gwk 14-09-2014 11:14 AM

Quote:

Originally Posted by Unregistered (Post 56331)
JPM recently hired more than 300 persons for there Changi Office. Working conditions are going to be gruelling with all these FT working overtime and weekends and everyone else expected to compete on similar lines.

Is the aml/kyc compliance line that many FTs?

Unregistered 14-09-2014 01:13 PM

Quote:

Originally Posted by gwk (Post 56332)
Is the aml/kyc compliance line that many FTs?

At lower levels b4 VP, yes. Plenty of them

Unregistered 14-09-2014 01:15 PM

Quote:

Originally Posted by Unregistered (Post 56328)
This pay scale is the same for all back end jobs? If I'm not wrong compliance is kinda back end too? It's only due to recent regulations change then they started to demand more ppl in it. Can anyone shed some light for operations too?

Depends on what kind of ops, duh.

Unregistered 14-09-2014 04:11 PM

Quote:

Originally Posted by Unregistered (Post 56336)
At lower levels b4 VP, yes. Plenty of them

why is this so? and how's the salary like?

and prospects?


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