Isnt 5.9k considered pretty low for AVP? Shouldn’t you be expecting close to 8?

yes i agree its quite low. im on the look out for my next move, to hopefully reach 7.5-8k before i hit my 6th year. sadly recruiters i've spoke to recently were only looking to give 15% increment max.

Trust me 7.5k to 8k for junior AVP only exists in foreign banks, but their bonus is lower as well. I heard JPM pay less than 1.5 months for BO role. Bank of America is even worse less than 1 month. Overall 6k is not that bad for junior AVP.

Yes, even for BB they will ask your previous pay. I have got the verbal offer from Blackrock, Credit Suisse and they wont proceed the final offer if you dont give them information of your current paycheck. I think 20% increment is still possible but beyond that is hard unless you are really underpaid.

Didn’t someone in local bank BO post that his/her bonus is 1.5mths this year?

How much can i expect if i join dbs treasures?

how abt bonus for goldman ops?

Just wondering, how's Blackrock as a paymaster, better than the banks?

>7k if good!

but if not good? I believe 7k is when i am able to hit sales quota, what's the pay range for non quota

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

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?

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.

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.

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.

How much is AVP compliance/Internal audit paid for tier 2 banks (local banks, stan chart, hsbc etc) and for large international banks (credit suisse, JPM etc) ?

And you realised the competition for software engineer at FAANG is tougher right?

you mean if i join treasures as RM, i will be associate?

Maybank jobs
 

Anyone mind sharing Maybank's corporate rank structure please? I'm looking at "Manager" role reporting to a VP and Head at Maybank. Anyone knows what is it equivalent to say, local bank's grade pls?

How do i answer that, any experience?

technology infra, degree

3 years exp in Ocbc branch rm

i tried searching ard the forum but cannot find much info. as i come from a different industry, i am not sure how to peg myself.

may i ask wat is the salary range for a ocbc vp3 and avp? wat bonuses should i expect?

OCBC VP3 in ops close to 10k but less. All other divisions should be above 10k. Ops pay and progression lousier.

How much is AVP compliance/Internal audit paid for tier 2 banks (local banks, stan chart, hsbc etc) and for large international banks (credit suisse, JPM etc) ?

Local banks are at least one tier lower than the likes of Stanchart, HSBC and Citi, all of whom have much greater market cap than the three local banks. In terms of pay, local banks don't pay as well as them either, but are way better in terms of job stability. I guess that's the price you pay for a more stable job. The two international banks you mentioned, Credit Suisse and JPM, are indeed international banks, but are more commonly known as Bulge Bracket (BB) banks. BBs pay the most handsomely, even more than Stanchart, HSBC, Citi.... for some roles, large foreign banks (that are not very international) like BOC, MUFG, ING also pay better than local banks. Local bank HR are also known to lowball applicants so I'd say internal audit/compliance can get 3-6k in a local bank but in a good international bank, you can expect 5-9k.

Can't comment for local banks but for international banks officer level with at least 2-3 years of working experience) pay at least $5k and up. For AVP, this could be at least $7k-8k onwards. I heard JPM does not have an "AVP" title but I could be wrong and happy to be corrected.

Same poster here. To add, Compliance AVP for Credit Suisse is hard to come by (internal promotion is pretty sh*t and prefer to poach from other places) but typically require at least 5-6 years of experience.

JPM does not have AVP but have senior associate title for MO/BO. Starts around 7.5k-8k and capped at 12-14k depending on years of exp (there are those closing their 40s who are just stuck there).

Interesting! So JPM's Senior Associate is akin to AVP level to international banks, which is then akin to VP level to local banks, it seems?

4 yrs of experience in a BO/MO role currently drawing 5.7k. i do not see much progression anymore and have been actively looking out. however, the hunt has been quite arduous.

finally, i was offered 6.5k at a foreign bank with no further nego. same j.d and role (no vertical progression in rank). though i was ideally expecting a 20% increment, many have told me it is tough to get 20% during COVID.

i am heavily inclined to accept this and was wondering whether it is a good idea to do so or keep looking?

Seems like you have the answer in your heart alr. I would suggest just taking it and when covid ends in 2 years see if there pay increment, else can choose to jump again.

i do feel like i'll just take this. not because its my "dream bank or job", but more of circumstances. even if another existing lead turns into an offer, i have been repeatedly told by the other side that what i'm looking for (20%) is unattainable.

just afraid i may end up lamenting about the compensation as im not sure whether 6.5k at 4yrs+ in BO/MO is within market rate, as there is a wide range in this thread and other salary guides.

What function are you doing exactly? For instance, middle office/trade support/compliance usually pays more.

Nope. SA is akin to AVP in local/other foreign banks. VP in JP is the same as VP in local banks, just that JP VP has a higher starting base.