Relationship Manager V.S Personal Banker
 

Can someone enlighten me what is the differences between the two positions above? thank you!!

lazy.........................

They are essentially salesman for the banks. Same job scope different name. DBS calls all their salesman RM while Citi calls their sales people personal bankers. But for Citi RM means personal bankers who are in privileged/private banking. Hope that helps :)

do they earn a lot?

similar income to those selling cars, houses, photocopy machines, beauty packages.

Thanks! Are you or did you ever been a PB/RM? So they earn 3k-5k per month?

Junior RM/PB about 3k-5k a month.

Senior RM/PB with good sales record 8k-10k+ a month including commission. But lao jiao ones should have become priority banking RM for the slightly higher networth clients.

only 10k+ including commission? that's on the low side. why are some of them so arrogant?

If they were earning more they would probably be in the priority banking segment le. Maybe the more arrogant ones are the top performers earning 10xxxxxx k a month :p

pfffft just pb dealing with your ah soh and ah peks also arrogant ah not say they are private bankers. Even private bankers have to eat humble pie when serving the super rich.

fascinating. only in salary.sg do you see people saying things such as 10k salary is "low".

this is getting no where. there will always be haters around hiding behind screens and fight with keyboards. haha!

i would expect senior RMs to make at least 200k/yr including commissions. that's why i said 10k++/mth is low. they are serving minimally the privileged / priority banking customers (whether aunties or not i don't care), so commissions can be lucrative. fact that they stayed on long enough to be "senior" RMs means they can sell.

so which bank would be better to start with as a junior RM?

Just want to ask, to join as a junior RM, do banks take in private degree grads?

Of course, PB/junior RMs are one of the easiest roles to get in. Most pple prefer wealth management, treasury, corporate banking rather then doing PB sales. Usually PB sales is those buay tak chek pple join. But then they do so well and become very rich and laugh at others.

ya. sales is a very very easy job. you go and talk to people and persuade them to buy, they will buy on the spot.

Woah I sense some bitterness here, were you a failed PB/jnr RM or have been cheated out of you money by one or failed an interview for the position?

Are you in wealth management, treasury, corporate banking? Do you even know the role(s) in each of the mentioned?

yep I am in corporate banking. Started in SME banking then move on to corporate banking. Dealing with MNCs and GLCs now. I think corporate banking is more atas then retail banking.

Dun get me wrong, I was never in banking. But just curious to know when you were never in so called PB/RM role, how do you pass judgement on what those folks are doing?

As I understand, sme/corporate banking RMs needs to suck up to the bosses/one downs of CFOs or even lower, no?

I am a business owner and my circle of friends includes C level people and the stories they share with me on the extend of what their "Corporate RMs" will do to get into their good books amuses me

I am a forum user and my circle of readings includes "clowns" and the stories they share with everybody on the extend of what banking positions comparison are all about amuses me.

LOL seems to me its just 1 person posting all the replies....

Including you and me, there are 3.

LOL!

btw PB and RM where got same, RM is a notch higher, some other depts use RM as a higher-ranked title too.

who knows TS is the unknown ppl replying to his own thread. He never reply using his nick anymore. Who knows I am the TS myself replying to myself all along.

Really? buay tak cek? how well-educated are you then?!