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Managers Command High Salaries

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  #1 (permalink)  
Old 15-03-2008, 06:46 PM
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Default Managers Command High Salaries

In the Business Times about 2 weeks ago was a report from HRBS Solutions comparing the income of Singapore managers working locally and their counterparts working abroad.

What's informative in the BT article are the numbers.

The article lists the "annual fixed cash + perks" of the various levels of managers working in Singapore:

- Manager - US$77,141
- Senior Manager - US$114,021
- Director - US$165,704
- VP - US$240,096
- Senior VP & above - US$343,419

So, if your boss promotes you to a VP, ask for US$240,096.

http://www.salary.sg/2008/managers-c...high-salaries/

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Old 15-03-2008, 09:51 PM
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Default 1098

These titles can be misleading. In some investment banks I've worked for, Director is a level above VP. (it goes thus: AVP -> VP -> Director -> MD).

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Old 16-03-2008, 12:59 AM
Collin---
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Yup, just like a normal bank where the position of AVP/VP is easily attained with relevant degree and experience.

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Old 16-03-2008, 07:56 AM
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Even more confusingly, I've worked in an investment bank where the bands are named like this: Executive -> Manager -> Associate Director -> Director -> Managing Director.

I think a more interesting discussion is how to break through the VP/Associate Director level and become a Director. Because this is where you have to go Global (as in your candidacy for directorship has to be presented and agreed upon on a Global level).
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Old 16-03-2008, 07:54 PM
Kevin---
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Default 1105

US Manufacturing MNCs follow the order stated in Business Times.
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Old 24-03-2008, 11:16 PM
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Default 1160

Local banks in Singapore use the AVP position for a role that is equivalent to a team leader - so you see a lot of AVPs strutting proudly around. Example - Call Centre Manager = VP, Team Leader = AVP.

You should see their faces when they exchange namecards with you!
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Old 25-03-2008, 07:20 AM
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Well VP does sound nice And some VP are really doing pretty impressive things at the global level. (I'm talking about foreign banks though.)

And AVP does sound nicer than "Senior Software Engineer"...
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Old 25-03-2008, 09:06 AM
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Yes it does but the title should be reflective of the responsibilities you carry out for your role. If you are a supervisor, then you may call yourself a team leader or group leader instead of AVP
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Old 25-03-2008, 11:40 AM
David Seah---
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Default 1169

Great discussions.

High Position: Agree !! I have seen their cocky looks. Big Deal leh


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Old 27-03-2008, 07:38 AM
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Well the title is bestowed upon you by the company. So just enjoy it while you can eh? It's not like you can ask the bank to change your namecard to say "team lead" or "group lead" instead of AVP.

From what I've gathered I have a feeling the title AVP comes with more $ than team leads too... I know of AVPs who make more than so called "Director of X" in other non-financial companies.
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