Banks' Pay and Bonuses - Page 20 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Banks' Pay and Bonuses

Reply
 
Thread Tools
  #191 (permalink)  
Old 07-07-2015, 11:10 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.

Reply With Quote
  #192 (permalink)  
Old 09-08-2017, 12:43 PM
Unregistered
Guest
 
Posts: n/a
Default

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

Reply With Quote
  #193 (permalink)  
Old 09-08-2017, 04:06 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.

Reply With Quote
  #194 (permalink)  
Old 10-08-2017, 01:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #195 (permalink)  
Old 02-05-2021, 01:05 PM
Unregistered
Guest
 
Posts: n/a
Default 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
Reply With Quote
  #196 (permalink)  
Old 02-05-2021, 09:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
“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.
Reply With Quote

  #197 (permalink)  
Old 03-05-2021, 06:09 PM
Unregistered
Guest
 
Posts: n/a
Default

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
Reply With Quote
  #198 (permalink)  
Old 03-05-2021, 06:32 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?
Reply With Quote
  #199 (permalink)  
Old 03-05-2021, 06:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?
Reply With Quote
  #200 (permalink)  
Old 03-05-2021, 07:00 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Annual increment and bonuses at NUH and NUS darkstar Income and Jobs 3 19-01-2014 04:10 PM
Bonuses !! uturn Income and Jobs 50 19-03-2013 09:54 PM
IT in banks sochews Income and Jobs 7 08-12-2011 09:45 AM
More Pay and Bonuses for Teachers Salary.sg Income and Jobs 7 05-12-2009 06:45 PM
MINDEF and SAF Sign-On Bonuses Salary.sg Income and Jobs 9 16-08-2009 03:40 PM

» 30 Recent Threads
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,904 Replies, 2,411,134 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
986 Replies, 707,001 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
324 Replies, 32,915 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,848 Replies, 1,632,139 Views
MOM(ACE) offers good career... ( 1 2 3)
25 Replies, 2,715 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
95 Replies, 23,873 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
444 Replies, 247,557 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
714 Replies, 167,463 Views
GovTech ( 1 2 3... Last Page)
416 Replies, 292,108 Views
Lawyer Salary ( 1 2 3... Last Page)
12,905 Replies, 4,282,719 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,047 Replies, 1,275,256 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,464 Replies, 696,349 Views
Credit Suisse ( 1 2 3... Last Page)
150 Replies, 90,096 Views
[Help] What do you guys think of... ( 1 2)
11 Replies, 3,060 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,038 Replies, 1,628,660 Views
Unilever UFLP 2018 ( 1 2 3... Last Page)
30 Replies, 13,274 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
2,049 Replies, 1,127,345 Views
Earn your daiy Sgd5,000 from...
0 Replies, 54 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
350 Replies, 99,535 Views
Compare civil service salary ( 1 2 3... Last Page)
12,255 Replies, 7,104,625 Views
Can I serve my notice and put my...
6 Replies, 16,163 Views
career dilemma in 30s ( 1 2 3)
25 Replies, 12,491 Views
Civil engineering pay
5 Replies, 1,598 Views
Engineer Pay ( 1 2 3... Last Page)
270 Replies, 113,083 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,465 Replies, 4,243,428 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
46 Replies, 24,198 Views
Career as Teacher ( 1 2 3... Last Page)
3,809 Replies, 2,371,325 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:14 AM.


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