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Same thing with property agents as well - lots of them claim to be in a "million dollar club" which implies to layman they are making 7 figure income. Truth is you only need a million dollar worth of transactions a year to qualify, that means someone who gets $50k in typical commission income in a year can qualify to be a "million dollar club" elite. Typical sales hype. |
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1. Citigold: S$120k. 2. Citi Private Client: S$180k. 3. Citi Private Banking: S$250k. Is that more accurate? I know it's sales based and commissions. So as stated, we're discussing top 15 percentile. |
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So to rephrase everything that is gathered so far, we can say the top 10th percentile for each tier of RM is roughly as follows: 1. Citi: S$90k 2. Citigold: S$120k 3. Citigold Private: S$180k 4. Citi Private Banking: S$300k For those more interested in 50th percentile (i.e. median), my best estimate is: 1. Citi: S$60k 2. Citigold: S$90k 3. Citigold Private: S$120k 4. Citi Private Banking: S$200k Another thing to be careful is that some of the tiers overlap. For e.g. it is possible for a good Citi RM to earn better than a mediocre Citigold RM although in general the higher the tiers you are assigned to, the better total pay should be. |
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I think only that chap from BSI bank getting charged over 1MDB money laundering may get close to half a mil. |
interesting how a NTU computer sci grad topic can go till citibank topic that last 1 pages..
all i heard, my friend, i know.. I think I earn 1mil/year.. come challenge me! :D |
So many childish never interact with elite banking/investment circle here think 500k pay is so special...
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