Banks' Pay and Bonuses

Originally Posted by Unregistered

At least 5 years I think

At least, I would think. Depends on opportunities, performance, people, like-ability, luck.

Originally Posted by Unregistered

At least, I would think. Depends on opportunities, performance, people, like-ability, luck.

What about those from the graduate programmes?

Originally Posted by Unregistered

What about those from the graduate programmes?

Depends whether FO or BO/MO and in which division. FO generally expedited and straight-forward promotion but for BO/MO I believe based on opportunities and openings.

what is the rank that a fresh grad degree entering local bank?
senior analyst?? how many years before next promotion?

Originally Posted by Unregistered

what is the rank that a fresh grad degree entering local bank?
senior analyst?? how many years before next promotion?

analyst; promotion based on performance

contract job at Ocbc doing MO or permanent job doing BO at Citibank, which one is better? any idea what's the average bonus for BO in Citi? Basic pay will be similar for both roles.

Originally Posted by Unregistered

At least 5 years I think

Is my progression slow? Been working for about 5.5 years

2015 end: 2,800 (Just joined)
2016 mid: 3,200
2017 mid: 3,200 - 1.5 years mark
2018 mid: 4,100 (Promotion)- 2.5 years mark
2019 mid: 4,700 - 3.5 years mark
2020 mid: 4,700 - 4.5 years mark
2021 now: 5,400 (Promotion)- 5.5 years mark

Should i start job hopping.

Originally Posted by Unregistered

contract job at Ocbc doing MO or permanent job doing BO at Citibank, which one is better? any idea what's the average bonus for BO in Citi? Basic pay will be similar for both roles.

Depends what is the MO role and the BO role respectively. Think it's too premature to judge just based on whether it's middle or bank - and frankly, it doesn't matter too much if you're MO/BO, you are still a cost centre. But hearsay citi has better processes and technology

Originally Posted by Unregistered

Is my progression slow? Been working for about 5.5 years

2015 end: 2,800 (Just joined)
2016 mid: 3,200
2017 mid: 3,200 - 1.5 years mark
2018 mid: 4,100 (Promotion)- 2.5 years mark
2019 mid: 4,700 - 3.5 years mark
2020 mid: 4,700 - 4.5 years mark
2021 now: 5,400 (Promotion)- 5.5 years mark

Should i start job hopping.

Considering the low base you started with, I would say this is the norm (about 400-500 increase per year on average). Half the people here don't work in the industry. Others are just quoting hearsay numbers.

Not everyone is a top performer. Not everyone works in FO. Not everyone gets 3-4 months bonuses. You do you.

Originally Posted by Unregistered

Considering the low base you started with, I would say this is the norm (about 400-500 increase per year on average). Half the people here don't work in the industry. Others are just quoting hearsay numbers.

Not everyone is a top performer. Not everyone works in FO. Not everyone gets 3-4 months bonuses. You do you.

Thank you for your kind review.