Banks' Pay and Bonuses

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.

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

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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?

Originally Posted by Unregistered

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.

how abt bonus for goldman ops?

Originally Posted by Unregistered

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.

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

Originally Posted by Unregistered

How much can i expect if i join dbs treasures?

>7k if good!

Originally Posted by Unregistered

>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

Originally Posted by Unregistered

>7k if good!

What level is this