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

Unregistered 04-01-2022 06:31 PM
Quote:
Originally Posted by Unregistered (Post 195402)
Do you mean the reverse on the bonus numbers?

Also, isn't the AVP/VP range kind of narrow? Would think it should be more like 6-11k and 8-15k respectively.
interesting - i have not seen a AVP make more than 10K.
And VP (maybe VP1 in UOB) will make 8k but VP1 in UOB is a like a AVP in other banks.

Unregistered 04-01-2022 07:27 PM
Why got avp, vp, svp but no p and sp?

So avp is like asst manager in private?

Unregistered 05-01-2022 01:26 AM
Quote:
Originally Posted by Unregistered (Post 195372)
I have been in digital and banking for more than 20 years, having worked in local banks (OC, DBS, UOB) and also international banks (CS, Citi, HSBC), and i can tell you these:

- AVP (6 - 8K) [5 - 10 years of experience]
- VP (8 -12K) [8 - 15 years of experience]
- SVP (12 - 20K) [12 - 20 years of experience]
- ED (18 - 25K)
- MD (20- 50K)

Bonus are typically 1-2 months in local banks, and 2 - 3 in international banks. Well, DBS is paying like international banks, while Citi bonus is known to be S**T.
This is fairly accurate that DBS pays 2-3 months on average, sometimes goes to 4-6 but only for high performer.

VP range is about right too, but note that most VP have "allowance" which help to bump the total gross salary to 8-12k per month if anyone is wondering.

SVP ceiling might not just be 20k, might be slightly more but rare.

No comments on ED/MD as not familiar

Unregistered 05-01-2022 09:11 AM
Quote:
Originally Posted by Unregistered (Post 196383)
interesting - i have not seen a AVP make more than 10K.
And VP (maybe VP1 in UOB) will make 8k but VP1 in UOB is a like a AVP in other banks.
Titles are deceiving. I know a banker whose title is associate director but is only AVP rank when it was mapped over at our side.

Unregistered 05-01-2022 11:24 AM
Quote:
Originally Posted by Unregistered (Post 195372)
I have been in digital and banking for more than 20 years, having worked in local banks (OC, DBS, UOB) and also international banks (CS, Citi, HSBC), and i can tell you these:

- AVP (6 - 8K) [5 - 10 years of experience]
- VP (8 -12K) [8 - 15 years of experience]
- SVP (12 - 20K) [12 - 20 years of experience]
- ED (18 - 25K)
- MD (20- 50K)

Bonus are typically 1-2 months in local banks, and 2 - 3 in international banks. Well, DBS is paying like international banks, while Citi bonus is known to be S**T.
this man deserves a tiger!
the first person in a while whom i have seen is talking facts and has a good grasp of the market

I applaud you sir!

Unregistered 06-01-2022 10:45 AM
Quote:
Originally Posted by Unregistered (Post 195372)
I have been in digital and banking for more than 20 years, having worked in local banks (OC, DBS, UOB) and also international banks (CS, Citi, HSBC), and i can tell you these:

- AVP (6 - 8K) [5 - 10 years of experience]
- VP (8 -12K) [8 - 15 years of experience]
- SVP (12 - 20K) [12 - 20 years of experience]
- ED (18 - 25K)
- MD (20- 50K)

Bonus are typically 1-2 months in local banks, and 2 - 3 in international banks. Well, DBS is paying like international banks, while Citi bonus is known to be S**T.
Are the numbers quoted also accurate for front office? Eg. Dbs corporate and investment banking

Unregistered 06-01-2022 01:09 PM
Quote:
Originally Posted by Unregistered (Post 196583)
Are the numbers quoted also accurate for front office? Eg. Dbs corporate and investment banking
I'm quite certain these numbers are for MO/BO

Unregistered 11-01-2022 11:34 PM
Quote:
Originally Posted by Unregistered (Post 196604)
I'm quite certain these numbers are for MO/BO
Theres really no huge difference for base pay for DBS tbh. The difference is in the bonus.

Unregistered 12-01-2022 11:49 PM
Sharing some info, I believe UOB and HSBC titles are inflated at AVP and VP levels

UOB
AVP 4.4-8k
VP1 5.5-9k
VP2 7-11k
FVP 8-12k
SVP 11-17k
ED 13-20k

HSBC
AVP 4.5k to 8k
VP 6k to 10k
SVP 9k-17k

Unregistered 13-01-2022 10:12 AM
Quote:
Originally Posted by Unregistered (Post 197365)
Sharing some info, I believe UOB and HSBC titles are inflated at AVP and VP levels

UOB
AVP 4.4-8k
VP1 5.5-9k
VP2 7-11k
FVP 8-12k
SVP 11-17k
ED 13-20k

HSBC
AVP 4.5k to 8k
VP 6k to 10k
SVP 9k-17k
what hires would be able to command the upper range of the inflated AVP/VP ranks? such as drawing 8k for AVP and 10k as VP?

im currently drawing 8k as AVP in another bank, just wondering how its mapped over.


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