Salary.sg Forums

Salary.sg Forums (https://forums.salary.sg/)
-   Income and Jobs (https://forums.salary.sg/income-jobs/)
-   -   Banks' Pay and Bonuses (https://forums.salary.sg/income-jobs/5211-banks-pay-bonuses.html)

Unregistered 07-07-2015 11:10 AM

Quote:

Originally Posted by Unregistered (Post 69530)
How much do you guys think someone who is a principal at a big PE firm (Apollo, KKR, Blackstone etc) in SG is getting annually? (base pay + Bonus etc)

really curious how much our overlords are earning.

In terms of basic is about the same. A principal in a mid size PE firm would be drawing around 300-500k basic depending on the individual.

But generally PE bonus tend to be much more erratic than IB. In PE there will be dry years where bonuses will be mediocre at 6-10 months. The catch is that if you are the principal that is in charge of a certain gestation investment which leads to a good trade sale or IPO, the carried interest and co-investment payouts can run into multi million dollars in payouts.

Unregistered 09-08-2017 12:43 PM

Any idea what's the typical annual bonus for BO in the three local banks?

Unregistered 09-08-2017 04:06 PM

Quote:

Originally Posted by Unregistered (Post 99367)
Any idea what's the typical annual bonus for BO in the three local banks?

Usually ~6 months for an average performer, but their base is lower.

Unregistered 10-08-2017 01:38 PM

Quote:

Originally Posted by Unregistered (Post 99373)
Usually ~6 months for an average performer, but their base is lower.

I don't think is ~6 months. That is too much. Average is 2-3 months.

Unregistered 02-05-2021 01:05 PM

Julius Baer ED/MD Total Compensation
 
“Justice Vinodh estimated that Mr Pollmann, taking an average bonus of 35 per cent a year, would have earned around $658,000 annually for the next 14 years.”

From ST:

Mr Christian Joachim Pollmann, 45, who was the executive director of Swiss bank Julius Baer, was so seriously injured that his speech is now severely impaired, he has to depend on a live-in caregiver, and will probably never work again.

Justice Vinodh believed Mr Pollmann, who is living in Singapore, would have been promoted to managing director senior adviser last year had the accident not happened.

Justice Vinodh estimated that Mr Pollmann, taking an average bonus of 35 per cent a year, would have earned around $658,000 annually for the next 14 years.

Breakdown of award

Loss of future income
$9,325,541

s://.straitstimes.com/singapore/136m-payout-for-cyclist-hurt-in-road-accident

Unregistered 02-05-2021 09:48 PM

Quote:

Originally Posted by Unregistered (Post 167351)
“Justice Vinodh estimated that Mr Pollmann, taking an average bonus of 35 per cent a year, would have earned around $658,000 annually for the next 14 years.”

From ST:

Mr Christian Joachim Pollmann, 45, who was the executive director of Swiss bank Julius Baer, was so seriously injured that his speech is now severely impaired, he has to depend on a live-in caregiver, and will probably never work again.

Justice Vinodh believed Mr Pollmann, who is living in Singapore, would have been promoted to managing director senior adviser last year had the accident not happened.

Justice Vinodh estimated that Mr Pollmann, taking an average bonus of 35 per cent a year, would have earned around $658,000 annually for the next 14 years.

Breakdown of award

Loss of future income
$9,325,541

s://.straitstimes.com/singapore/136m-payout-for-cyclist-hurt-in-road-accident

You know managing director is a very high profile role. There are only a few managing directors within the bank and most folks wont make it to managing director. Probably there are only a handful MDs within Singapore branch itself. You can count them by hands.

It is equivalent to VP (one level below CXO) at MNC. While VP at Bank is equivalent to Manager at MNC. You know right the difference between VP and Manager?. Manager pay can only be 1/3 or 1/4 of what VP is getting. This is also the case for banks. Hence dont compare MD salary with normal folks. Even if you are from Ivy Leagues, chances of becoming MD is very slim.

Unregistered 03-05-2021 06:09 PM

what is the typical salary for a "manager" level with 5 years of experience in related field in BO local bank?
Recently got an offer at 5.5k, does it make sense?

SO > mgr > avp > vp

Unregistered 03-05-2021 06:32 PM

Quote:

Originally Posted by Unregistered (Post 167452)
what is the typical salary for a "manager" level with 5 years of experience in related field in BO local bank?
Recently got an offer at 5.5k, does it make sense?

SO > mgr > avp > vp

Which function and do you have a degree? Jumping from local to local?

Unregistered 03-05-2021 06:52 PM

Quote:

Originally Posted by Unregistered (Post 167452)
what is the typical salary for a "manager" level with 5 years of experience in related field in BO local bank?
Recently got an offer at 5.5k, does it make sense?

SO > mgr > avp > vp

It would be more accurate to compare total package as local banks have more bonus despite lower basic. What’s the number of months of bonus?

Unregistered 03-05-2021 07:00 PM

Quote:

Originally Posted by Unregistered (Post 167452)
what is the typical salary for a "manager" level with 5 years of experience in related field in BO local bank?
Recently got an offer at 5.5k, does it make sense?

SO > mgr > avp > vp

im currently at one of the local banks at avp rank with 5 years exp, earning 5.9k pm. im pretty sure i'm an underpaid avp. so 5.5k for a manager rank sounds fair.


All times are GMT +8. The time now is 12:27 AM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2