Banks' Pay and Bonuses

Originally Posted by Unregistered

What level is this

Associate level

DBS pay is generally pretty good, people like to lump the 3 local banks tgt but DBS (both base pay and total comp) significantly ahead of the other 2. Of course below BB but about same as other major banks like SC and HSBC

Originally Posted by Unregistered

Associate level

Lol associate level > 7k? If you are associate forever for 10 years, maybe 7k is possible as that is the ceiling pay for associate. But on avg associate should be 5k. All grads after 1 year should be promoted to associate.

Originally Posted by Unregistered

Lol associate level > 7k? If you are associate forever for 10 years, maybe 7k is possible as that is the ceiling pay for associate. But on avg associate should be 5k. All grads after 1 year should be promoted to associate.

>7k actually, so 7k is probably not the ceiling. Also 1 year experience.

What is the most prestigeous local bank to join?

Originally Posted by Unregistered

What is the most prestigeous local bank to join?

What difference does it make and why do you care if its prestigious or not? Better you focus on the role and the select the boss and the working environment. No point being in prestigious bank but toxic environment doing something you don't enjoy for some boss who regularly berates you.

Originally Posted by Unregistered

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.

that sounds very low. local bank really try to low ball anyone using their "big brother" brand.
im actually expecting around 6.5k-7.5k for manager role with >5y exp

so > mgr > avp > vp

anyone in tech can easily go to any tech company and command much higher pay than this.

there is a saying recently that because of the border closure, local sinkie/pr can actually ask for more as there is short of supply. even they get to it, they won't even have chance to get on a work permit at such low pay. usually heard start from 5 figure n above.

Originally Posted by Unregistered

that sounds very low. local bank really try to low ball anyone using their "big brother" brand.
im actually expecting around 6.5k-7.5k for manager role with >5y exp

so > mgr > avp > vp

anyone in tech can easily go to any tech company and command much higher pay than this.

Another thing that local banks are infamous for doing is inflating titles. Half their staff are Assistant Vice Presidents and above.... LOL.

Originally Posted by Unregistered

Another thing that local banks are infamous for doing is inflating titles. Half their staff are Assistant Vice Presidents and above.... LOL.

If you are able to get offers from tech company, you should even consider offers from bank regardless whether it is BB bank or local bank. It will be very hard for them to match. Senior engineer can earn 300k at FANG in Singapore which is more than salary at SVP level at DBS.