Banks' Pay and Bonuses - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Banks' Pay and Bonuses

Reply
 
Thread Tools
  #1 (permalink)  
Old 22-04-2015, 09:02 PM
Verified Member
 
Join Date: Nov 2013
Posts: 14
Jobs is on a distinguished road
Default Banks' Pay and Bonuses

What are the salaries and bonuses in banks today like? I understand that there are lots of new regulations over the past few years, which have impacted the salaries/bonuses significantly.

Does anyone know what are the approximate figures for both salaries and bonuses for:

1) Top-front office (IB/S&T)
2) Front office (Corp B/Private B/Commercial B)
3) Middle office (Compliance/Risk/Finance/HR)
4) Back office (Ops/Tech)

Appreciate all replies. Thanks.

Reply With Quote
  #2 (permalink)  
Old 23-04-2015, 10:29 AM
Unregistered
Guest
 
Posts: n/a
Default

I am in back office. Recently got 10% increment and 5 months bonus. May sound impressive but then again, i'm not in a bank. I'm in a sovereign fund.

Reply With Quote
  #3 (permalink)  
Old 23-04-2015, 12:36 PM
Unregistered
Guest
 
Posts: n/a
Default

Back office, 15 yrs experience, Director level, $20K per month (fixed), bonus 2-3 months

Reply With Quote
  #4 (permalink)  
Old 23-04-2015, 03:03 PM
Unregistered
Guest
 
Posts: n/a
Default yup

Am in category 1...

1 year of experience... Bad year, Base 13k per month... 2.5 months bonus...
Reply With Quote
  #5 (permalink)  
Old 23-04-2015, 08:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Back office, 2 years exp

6% increment

2.5mths bonus

sound not too good, hope to do it better next year
Reply With Quote
  #6 (permalink)  
Old 23-04-2015, 08:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am in back office. Recently got 10% increment and 5 months bonus. May sound impressive but then again, i'm not in a bank. I'm in a sovereign fund.
5 Months bonus? That's a lot for BO. But I guess that SWF's BO differs slightly from Banks' BOs.
Reply With Quote

  #7 (permalink)  
Old 23-04-2015, 08:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Am in category 1...

1 year of experience... Bad year, Base 13k per month... 2.5 months bonus...
This is interesting.. I'm guessing IB? Is the "low" bonus because of the economic climate (i.e. not much businesses around to do)? Or is it because of regulations? How do you see the environment in Singapore (and bonuses) to be like moving forward?

Thanks.
Reply With Quote
  #8 (permalink)  
Old 23-04-2015, 08:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Jobs View Post
What are the salaries and bonuses in banks today like? I understand that there are lots of new regulations over the past few years, which have impacted the salaries/bonuses significantly.

Does anyone know what are the approximate figures for both salaries and bonuses for:

1) Top-front office (IB/S&T)
2) Front office (Corp B/Private B/Commercial B)
3) Middle office (Compliance/Risk/Finance/HR)
4) Back office (Ops/Tech)

Appreciate all replies. Thanks.
3. Compliance for foreign banks. 5 Yrs exp.
Annual package of 72k (exclude 5-6 mths bonus). Must always achieve band 1 in AML regulations or else face the immediate risk of losing job.
Reply With Quote
  #9 (permalink)  
Old 24-04-2015, 09:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
This is interesting.. I'm guessing IB? Is the "low" bonus because of the economic climate (i.e. not much businesses around to do)? Or is it because of regulations? How do you see the environment in Singapore (and bonuses) to be like moving forward?

Thanks.
they bumped base but cut bonus, not much diff.nothing to do with regulations... Not as if it's within your control anyways.

End of the day there's no other industry that is as lucrative
Reply With Quote
  #10 (permalink)  
Old 25-04-2015, 10:49 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Back office, 15 yrs experience, Director level, $20K per month (fixed), bonus 2-3 months
How difficult is it to become a director in BO after 15 years? Let's say for a local uni grad (2nd uppers). How many % would become a director?

Thanks.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Annual increment and bonuses at NUH and NUS darkstar Income and Jobs 3 19-01-2014 04:10 PM
Bonuses !! uturn Income and Jobs 50 19-03-2013 09:54 PM
IT in banks sochews Income and Jobs 7 08-12-2011 09:45 AM
More Pay and Bonuses for Teachers Salary.sg Income and Jobs 7 05-12-2009 06:45 PM
MINDEF and SAF Sign-On Bonuses Salary.sg Income and Jobs 9 16-08-2009 03:40 PM

» 30 Recent Threads
Local bank BO pay
2 Replies, 63 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
683 Replies, 342,722 Views
ST Electronics ( 1 2 3... Last Page)
3,734 Replies, 1,527,948 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,388 Replies, 768,892 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,101 Replies, 3,713,903 Views
Lawyer Salary ( 1 2 3... Last Page)
20,969 Replies, 10,281,680 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,048 Replies, 4,937,777 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,805 Replies, 4,626,257 Views
GovTech ( 1 2 3... Last Page)
5,065 Replies, 2,135,431 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,774 Replies, 1,030,391 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,290 Replies, 4,703,292 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,263 Replies, 2,291,603 Views
NUS (National University of... ( 1 2 3... Last Page)
315 Replies, 315,090 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
302 Replies, 362,229 Views
Aon Centre for Innovation and...
9 Replies, 6,049 Views
Career as Teacher ( 1 2 3... Last Page)
10,569 Replies, 6,552,845 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
904 Replies, 500,239 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,254 Replies, 605,377 Views
Compare civil service salary ( 1 2 3... Last Page)
16,314 Replies, 12,397,444 Views
Standard Chartered International... ( 1 2 3... Last Page)
476 Replies, 262,751 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,435 Replies, 1,362,844 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
403 Replies, 485,871 Views
Engineer Pay ( 1 2 3... Last Page)
664 Replies, 454,346 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
501 Replies, 264,284 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
651 Replies, 376,891 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
1,165 Replies, 640,894 Views
DBS ACE Programme ( 1 2 3... Last Page)
119 Replies, 76,937 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,233 Replies, 3,376,270 Views
Work culture in IHiS ( 1 2 3... Last Page)
717 Replies, 535,513 Views
SIA AO grades ( 1 2 3... Last Page)
127 Replies, 101,730 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:27 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2