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Unregistered 13-09-2021 11:49 AM

Quote:

Originally Posted by Unregistered (Post 182894)
Yeap.. definitely possible lol. If you look at JPM's payscale you will know, but not for me to share :)

Feel free to get your back office friend to SIC his 10k salary slip when he hits it someday :)

Unregistered 13-09-2021 02:46 PM

Quote:

Originally Posted by Unregistered (Post 182895)
Feel free to get your back office friend to SIC his 10k salary slip when he hits it someday :)

You dont have to believe it but the reality is shown in the salary scale provided in the mycareersfuture postings. Like someone before said, you can continue living in your "local bank fish tank"

Unregistered 13-09-2021 03:11 PM

Quote:

Originally Posted by Unregistered (Post 182905)
You dont have to believe it but the reality is shown in the salary scale provided in the mycareersfuture postings. Like someone before said, you can continue living in your "local bank fish tank"

They can quote you the sky. Whether you actually get that or the lower end of the range is another matter.

Unregistered 13-09-2021 03:42 PM

Hey man, look here. Itís like, a free world.

You can believe whatever you want to believe. Itís not my job to convince you otherwise and Iím not paid to do so.

Itís a lovely afternoon, Iím gonna head out to get some air and food. Cheers mate.

Unregistered 13-09-2021 04:11 PM

Quote:

Originally Posted by Unregistered (Post 182915)
Hey man, look here. Itís like, a free world.

You can believe whatever you want to believe. Itís not my job to convince you otherwise and Iím not paid to do so.

Itís a lovely afternoon, Iím gonna head out to get some air and food. Cheers mate.

Cool, talk big then run away without substantiating.

Come back another day to try again :)

Unregistered 15-09-2021 12:24 AM

Quote:

Originally Posted by Unregistered (Post 182889)
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..

Funny the story they sell is always my friend or my relative never themselves. Come back when you actually see the payslip.

Unregistered 15-09-2021 12:29 AM

Quote:

Originally Posted by Unregistered (Post 182846)
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.

20k indian rupees ar? Lol.

Unregistered 15-09-2021 12:54 AM

Quote:

Originally Posted by Unregistered (Post 183130)
Funny the story they sell is always my friend or my relative never themselves. Come back when you actually see the payslip.

Doesn't mean it's not true just because it came from their friend. Continue being salty my friend :D

Unregistered 15-09-2021 08:35 AM

Anyone know how Maybank bonus is like for average performance and howís the yearly increment?

Unregistered 15-09-2021 11:29 AM

Quote:

Originally Posted by Unregistered (Post 183134)
Doesn't mean it's not true just because it came from their friend. Continue being salty my friend :D

It might as well have come from their arsehole :)

Unregistered 15-09-2021 11:42 AM

Quote:

Originally Posted by Unregistered (Post 183157)
It might as well have come from their arsehole :)

Better than being stuck in actual assholes like these salty guys LMAO!

Unregistered 15-09-2021 11:55 AM

I think it's important for anyone to not compare to peers/colleagues and even strangers/trolls in this forum. The world is unfair, some people put in the effort and hard work and reap the rewards, some do the same but turn out average. Some don't even do much but get to enjoy high salary and benefits. Why compare yourself to others when there are many doing way better than you, similarly, many more are also worse off than you.

Unregistered 15-09-2021 11:58 AM

Quote:

Originally Posted by Unregistered (Post 183160)
I think it's important for anyone to not compare to peers/colleagues and even strangers/trolls in this forum. The world is unfair, some people put in the effort and hard work and reap the rewards, some do the same but turn out average. Some don't even do much but get to enjoy high salary and benefits. Why compare yourself to others when there are many doing way better than you, similarly, many more are also worse off than you.

It's important to compare but with actual data points not rubbish numbers like what you mainly see on here. Else you could be underpaid your whole life and not suspect a thing - companies love workers like these and even heavily extol the "virtues" of salary confidentiality solely for this reason.

Unregistered 15-09-2021 12:08 PM

Quote:

Originally Posted by Unregistered (Post 183161)
It's important to compare but with actual data points not rubbish numbers like what you mainly see on here. Else you could be underpaid your whole life and not suspect a thing - companies love workers like these and even heavily extol the "virtues" of salary confidentiality solely for this reason.

But once again, many "rubbish numbers" are actually not rubbish numbers, but many of them just choose not to believe it.. similarly they would be underpaid their whole life

Unregistered 15-09-2021 12:23 PM

Quote:

Originally Posted by Unregistered (Post 183165)
But once again, many "rubbish numbers" are actually not rubbish numbers, but many of them just choose not to believe it.. similarly they would be underpaid their whole life

It is important not to be small minded but at the same time not everything can be taken at face value.

Unregistered 15-09-2021 02:57 PM

Quote:

Originally Posted by Unregistered (Post 183159)
Better than being stuck in actual assholes like these salty guys LMAO!

Coming to a public forum to brag about your friends 5 figure salary? I think you are the salty one...

Unregistered 15-09-2021 03:16 PM

I do agree it's important to compare but I think it's the purpose behind wanting to compare. If you want to see what colleagues of with similar experiences, scope are earning, sure. Comparing with friends in another competitor company, sure. All these help in ensuring that you're compensated fairly and competitively. But comparing yourself with strangers online who are just throwing numbers without anything to back it up, not so much.

Unregistered 16-09-2021 02:38 PM

anyone passed cfa l1?

Unregistered 16-09-2021 08:39 PM

LOL so many unemployed/undergrads here.

Yes - for JPM/GS/MS, salary ceiling for MO/BO VPs can reach 20k (those who canít promote but have many YOEs under their belt). At where Iím at, MO/BO EDs start at 18k-19k base min (but depends on YOE when you promoted too) and the salary ceiling at this level is ~30k. Might be more, am not at ED level yet so canít comment.

Unregistered 16-09-2021 11:02 PM

Quote:

Originally Posted by Unregistered (Post 183302)
LOL so many unemployed/undergrads here.

Yes - for JPM/GS/MS, salary ceiling for MO/BO VPs can reach 20k (those who canít promote but have many YOEs under their belt). At where Iím at, MO/BO EDs start at 18k-19k base min (but depends on YOE when you promoted too) and the salary ceiling at this level is ~30k. Might be more, am not at ED level yet so canít comment.

Back office reach this 18k amount is after how many years? 20?

mytwocents 17-09-2021 02:48 AM

two cents
 
iím in the banking industry for about 9 years MO. hopped from local to a BB then to a small foreign bank. typing this cause on leave tmrw and returning good deeds by sharing info.

by researching this forum and glassdoor, iím sure u guys can tell whatís the truth being said. anyways hope we SIC more and toxic less.

itís true investment bankers fresh grad in BB may get paid 10k, but if u meet one, u will also know they donít have much time to even spend it. they are also minimally first class honours from local uni and have to pass gruelling MA interviews. so itís true but highly unlikely and only for IB in BB (no other MA roles will pay u 10k straight out of uni).

BO/MO: starting salary at BB 4k+ is definitely possible. Even OCBC or UOB are paying at least 3k for fresh grads (just ask around)..

BO/MO: salary after 5 years? my estimate is 5-7k if ur foreign bank. depends on how many promotions and salary increments. if youíre good, twice promotion maybe 20% to 30% each time. local bank salary is low prolly 5k after 5 years is average (normal progression), but their bonuses are much better.

back to the contentious point being debated:
10k for MO role after 5 years in a BB (fresh grad) is highly unlikely. UNLESS ur a MA program, or ur linked to a revenue generation MO team ie structured product team, or ur salary increment was 20% every single year without fail on average despite all banks having one or two bad economic years. Again, sounds unlikely or u left out some other information such as YOE.. In any case, if u achieved it congrats, defo no easy fear. but folks here are asking for the reasonable range, not an unlikely outlier range. spread the kindness bruh

keep sharing and stop the toxicity!

cheers guys.

FYI, itís true JPM doesnít hav AVP, thatís why their senior associate salary can hit 10k too.. personal experience).

Unregistered 17-09-2021 10:26 AM

Quote:

Originally Posted by mytwocents (Post 183331)
iím in the banking industry for about 9 years MO. hopped from local to a BB then to a small foreign bank. typing this cause on leave tmrw and returning good deeds by sharing info.

by researching this forum and glassdoor, iím sure u guys can tell whatís the truth being said. anyways hope we SIC more and toxic less.

itís true investment bankers fresh grad in BB may get paid 10k, but if u meet one, u will also know they donít have much time to even spend it. they are also minimally first class honours from local uni and have to pass gruelling MA interviews. so itís true but highly unlikely and only for IB in BB (no other MA roles will pay u 10k straight out of uni).

BO/MO: starting salary at BB 4k+ is definitely possible. Even OCBC or UOB are paying at least 3k for fresh grads (just ask around)..

BO/MO: salary after 5 years? my estimate is 5-7k if ur foreign bank. depends on how many promotions and salary increments. if youíre good, twice promotion maybe 20% to 30% each time. local bank salary is low prolly 5k after 5 years is average (normal progression), but their bonuses are much better.

back to the contentious point being debated:
10k for MO role after 5 years in a BB (fresh grad) is highly unlikely. UNLESS ur a MA program, or ur linked to a revenue generation MO team ie structured product team, or ur salary increment was 20% every single year without fail on average despite all banks having one or two bad economic years. Again, sounds unlikely or u left out some other information such as YOE.. In any case, if u achieved it congrats, defo no easy fear. but folks here are asking for the reasonable range, not an unlikely outlier range. spread the kindness bruh

keep sharing and stop the toxicity!

cheers guys.

FYI, itís true JPM doesnít hav AVP, thatís why their senior associate salary can hit 10k too.. personal experience).

Good post. The numbers sound about right. Though nowadays even second upper can get into IB roles with sufficient internship experience.

No idea why the siaolangs here keep trying to put each other down. The only winners in these pointless squabbles are ironically your employers, who are able to continue underpaying you the longer you live in ignorance about what the actual range of salaries is for your role and YOE.

Unregistered 17-09-2021 10:39 AM

Quote:

Originally Posted by Unregistered (Post 183320)
Back office reach this 18k amount is after how many years? 20?

Seen locals (high flyers) reach ED in ~12 years. Have also witnessed those from the grad programme (6 out of 7 of them) promoted to VP (drawing 10k and up) after less than 7 years. Note this is for top tier BBs.

Unregistered 17-09-2021 10:42 AM

Should always be on the lookout for better offers every 3 to 4 years, no need to commit to a single bank for the measly yearly increments.

Unregistered 17-09-2021 10:43 AM

Quote:

Originally Posted by mytwocents (Post 183331)
iím in the banking industry for about 9 years MO. hopped from local to a BB then to a small foreign bank. typing this cause on leave tmrw and returning good deeds by sharing info.

by researching this forum and glassdoor, iím sure u guys can tell whatís the truth being said. anyways hope we SIC more and toxic less.

itís true investment bankers fresh grad in BB may get paid 10k, but if u meet one, u will also know they donít have much time to even spend it. they are also minimally first class honours from local uni and have to pass gruelling MA interviews. so itís true but highly unlikely and only for IB in BB (no other MA roles will pay u 10k straight out of uni).

BO/MO: starting salary at BB 4k+ is definitely possible. Even OCBC or UOB are paying at least 3k for fresh grads (just ask around)..

BO/MO: salary after 5 years? my estimate is 5-7k if ur foreign bank. depends on how many promotions and salary increments. if youíre good, twice promotion maybe 20% to 30% each time. local bank salary is low prolly 5k after 5 years is average (normal progression), but their bonuses are much better.

back to the contentious point being debated:
10k for MO role after 5 years in a BB (fresh grad) is highly unlikely. UNLESS ur a MA program, or ur linked to a revenue generation MO team ie structured product team, or ur salary increment was 20% every single year without fail on average despite all banks having one or two bad economic years. Again, sounds unlikely or u left out some other information such as YOE.. In any case, if u achieved it congrats, defo no easy fear. but folks here are asking for the reasonable range, not an unlikely outlier range. spread the kindness bruh

keep sharing and stop the toxicity!

cheers guys.

FYI, itís true JPM doesnít hav AVP, thatís why their senior associate salary can hit 10k too.. personal experience).

Mostly agree with the above. But I think OP figures are dated (since heís speaking from his past 9 years of exp).

Fresh grad programme salaries for MO/BO figures are higher now (even local banks are paying >4k).

Unregistered 17-09-2021 10:46 AM

[s://i.gyazo.com/dfb27e074900075952bfa562c72ebc2f.png[/

MD approx 60k per month, including allowance.

Unregistered 17-09-2021 10:52 AM

Quote:

Originally Posted by Unregistered (Post 183360)
[s://i.gyazo.com/dfb27e074900075952bfa562c72ebc2f.png[/

MD approx 60k per month, including allowance.

Headcount for MDs in JP Singapore is really really Low (esp for MO/BO). You have to be exceptional. Youíll have to move if you really want that title bump (eg to HK ó APAC HQ). Then again, EDs (MO/BO) have pretty much uncapped salary ceiling (but obviously donít go higher than 60k/m). Comfortable enough imo

Unregistered 17-09-2021 10:54 AM

Quote:

Originally Posted by Unregistered (Post 183356)
Seen locals (high flyers) reach ED in ~12 years. Have also witnessed those from the grad programme (6 out of 7 of them) promoted to VP (drawing 10k and up) after less than 7 years. Note this is for top tier BBs.

Wow which disneyland bank is this? Every batch 6/7 get promoted to VP, so songs I also want to join

Unregistered 17-09-2021 10:57 AM

Quote:

Originally Posted by Unregistered (Post 183363)
Wow which disneyland bank is this? Every batch 6/7 get promoted to VP, so songs I also want to join

Not every batch, just for 2021 promotion cycle (batch of 2014). GS/JPM/MS ó one of this.

Unregistered 17-09-2021 11:04 AM

Quote:

Originally Posted by Unregistered (Post 183366)
Not every batch, just for 2021 promotion cycle (batch of 2014). GS/JPM/MS ó one of this.

This batch so exceptional ah? Hired 6 winners and 1 loser. The HR/line managers responsible for hiring them should be commended.

Unregistered 17-09-2021 11:07 AM

any idea DBS MD get paid how much? thanks!

Unregistered 17-09-2021 11:07 AM

im poster above. DBS MD in backend roles like ops or HR or tech

Unregistered 18-09-2021 09:18 AM

Quote:

Originally Posted by Unregistered (Post 183366)
Not every batch, just for 2021 promotion cycle (batch of 2014). GS/JPM/MS ó one of this.

Totally not convincing at all LOL think you should review the facts esp if you are not a fellow BB MO/BO grad yourself lol


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