what about risk related vs settlements? saw opening for these roles

The question is what is your last drawn pay and how well did you perform in ocbc

For those in BO/MO functions looking for higher pay, may also want to consider asset management sector? I know some AMs pay better than banks in local and non BB. The work may be tougher as some operate at smaller manpower resource scale, so will need to take more initiatives and of course longer hours. Meanwhile, add on some technical skills to support your BO/MO work experience. Now many roles need you to be like an octopus, to know a little of everything.

How much is considered good for MO or BO? Say by age 30 for males, all in annual package

This is a very wide qn. It depends ultimately on the yrs of experience, the organisation, the exact role, the work involved, the individual performance, etc.
It can range anything between 4K to 8K pm. Bonus really depends on the organisation, and the economy. Ranging from 1 to 5 months or even more.

Even in the financial industry as a whole, the same title "associate" or "avp", may refer to very different level of work. Some avp work and responsibilities may equivalent to vp roles elsewhere, while some avp roles might be an associate level kind of responsibilities. Hence even for the same exact title, same BO/MO functions, the pay can be very different in different organisations.

Not from the finance industry, but I would say anything above 10k per month is considered good?

10k per month base for a middle office function by that age is probably the top 1% if it were even possible to hit that amount.

Interested too

Agree - would not support using 10k as a figure for BO/MO at age 25 since this is an anomaly more than anything.

For males who graduated from local u, they start working at around age 25. Can dream if you want to earn 10k after five years of working exp. By age 35 may be more possible.

Would say average for a BO/MO at age 30 should be around 5k - 7k.

I consider myself an average 30 year old male* in the finance industry.

*Got serve 2 years National Service, got a 4 year Bachelor Degree, got between 3 to 5 years of working experience.

I’m earning $5,500 and my personal observation is I see most of my peers are earning similar amounts. To me it’s decent, not fantastic, but not terrible. I will almost surely hit $6,000 (CPF limit) before my 32nd birthday.

If you’re looking for “good”, I would say around 7k at 30 years old.

Just my personal view… almost certain someone will come along to disagree. You are entitled to your views and I will not be replying to anyone or looking to argue.

Some above average people can hit VP by 30. That should be at least 9k base, I think.

9k base for middle office? No chance in hell.

This is a reasonable reply

How many months is the annual package?

No chance in hell? Am in a top tier BB and you can alr hit 9k as a senior assoc. VP starts beyond 10, if more YOE your base @ VP will be even higher.

In your dreams bank ah?

Why so salty?

Just go on MCF. Currently work at one of these: GS/JPM/MS.

Your bank from senior assoc go straight to VP one ah?

why you wasting time talking to this guy from local bank^?

he obv think there’s an AVP role in between. fyi, bulges (esp American bulges) typically go from analyst > associate > some have senior associate (depending on bank/dept) > VP > ED > MD.

Oh didn't know Citi, CS etc weren't BBs. Whoops. Guess someone is the new authority on BBs.

Agreed that both Citi and CS have avp ranks - for CS, analyst/associate role is just officer and then goes to avp -> vp etc from there

Lol I'm alr getting abv 10k in buy side middle office with 3 year exp. Just keep living in your own local bank fish tank ok

Local bankers got small time mentality mah, what you expect :o

OP said top tier. Citi ain’t top-tier, certainly not in this location & CS ain’t American. Thanks for playing local bank grinder.

So in conclusion, I guess 10k is considered avg/slightly above avg for someone in early 30s in top-tier banks, and >=15k would be considered good?
And for local bank, 7k -> avg, while >10k is considered good?

I bet nobody will believe me but when I was still in school, there were talks of a dean lister getting 10k for his internship at front office investment banking.

Normal what.

argument can also be made that cs is prolly no longer a bb as well. too many scandals liao, their reputation is really bad now and clients are bringing deals elsewhere

Inb4 bank of America also considered top tier.

Prove it. Otherwise might as well say you earn $10m a month. Talk is cheap.

Prove it. Otherwise might as well say you earn $10m a month. Talk is cheap.

Lol prove to you for what? I'm not him but it sounds like you're just a salty little boy lol. No point always comparing and doubting other's salary, just live your life

Precisely. For American BBs MO, if you hentak at VP also got potential hit 20k ceiling (if >15 exp). ED onwards cap is 30k. Not everyone gets promoted to ED though. Nontheless, take 10k+ shake leg also buay pai la comfortable enough.

Salty for what?
I am not the one who made unsubstantiated claims.
One can either prove it or stop bragging they made so and so much.
Its frankly pointless if you are going to just say it anonymously with no proof to back it up.

Agreed. 99% of people here are just plain lying when they quote they "earn" astronomical salary here. Not saying all of them are but the vast majority. Esp those who think its easy to earn >$10k p.m. in BO/MO roles that are not specialized.

How to substantiate any claims on this forum?

There will always be people who are doubtful when someone earns more than them, they will say things that you are saying right now..

Why bother substantiating to you? You can just go to MyCareersFuture, look at top banks and how much they are paying.. My close friend just got offered JPM BACK OFFICE, it's already near 5k..

To add on:

This is for an ANALYST ROLE.

Around 4.5k with 1-2 yoe can believe lah. You think the increments so fat until can hit 10k by early 30s meh?

Yeap.. definitely possible lol. If you look at JPM's payscale you will know, but not for me to share :)