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.

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.

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

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

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.

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?

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?

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.