Different rank in local banks - Page 3 - 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




Different rank in local banks

Reply
 
Thread Tools
  #21 (permalink)  
Old 29-04-2016, 05:32 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Cannot be SVP lah, even local banks most SVP all-in is above 350k. Junior VP maybe for some of the “condemn” department like customer service and office administration. Most VP would be above 200k though…
I have a friend who is an SVP. What i understand is that 350k is only the "outside impression"...

Oh well. Anyway he don't seem like someone who earns that much given his lifestyle eg still staying in hdb etc. Unless they are given the titles to display on namecards but job grade is way lower in HR files

Reply With Quote
  #22 (permalink)  
Old 30-04-2016, 11:07 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I have a friend who is an SVP. What i understand is that 350k is only the "outside impression"...

Oh well. Anyway he don't seem like someone who earns that much given his lifestyle eg still staying in hdb etc. Unless they are given the titles to display on namecards but job grade is way lower in HR files
There are a lot of highly paid banking people living humbly, for eg. my big boss MD level still driving a Mazda. IMO it's the half fcuk types AVP/VP making 250-300k acting like multi millionaire.

Reply With Quote
  #23 (permalink)  
Old 30-04-2016, 12:33 PM
Unregistered
Guest
 
Posts: n/a
Default

Aiyo sooooo many vp and svp ard. Almost any tom dick or harry is one as long as they work in a bank. Seriously they are not really that high lvl

I am also doubting the 350k claims



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #24 (permalink)  
Old 30-04-2016, 02:23 PM
Unregistered
Guest
 
Posts: n/a
Default

most realistic numbers so far ive seen.
these are base salaries that take in foreign large and mid size banks and I believe local banks will take have to discount off probably 10% (to be conservative). while local banks, for the most part in FO should be raking in 4-6months bonus. and there you go, if you want to calculate the gross annual salary.

def not the sky high perverse claims like AVP or junior VP getting 350k / year.


Corporate finance, M&A, ECM, DCM

China: Director £122,000 – £203,000. Managing director £182,000+
Hong Kong: Director £126,000 – £158,000. Managing director £158,000+
Japan: Director £117,000 – £176,000. Managing director £176,000+
Singapore: Director £106,000 – £168,000. Managing director £168,000+

Global markets

China: Senior trader £80,000 – £151,000. Desk head £151,000+
Hong Kong: Senior trader £94,000 – £196,000. Desk head £196,000+
Japan: Senior trader £116,000 – £175,000. Desk head £175,000-£233,000
Singapore: Senior trader £84,000 – £119,000. Desk head £119,000+

Corporate banking

China: Team head £60,000 – £91,000. Department head £91,000 – £151,000
Hong Kong: Team head £71,000 – £102,000. Department head £102,000+
Japan: Team head £105,000 – £128,000.Department head £128,000+
Singapore: Team head £97,000 – £120,000. Department head £120,000 +

Commercial banking

China: Team head £48,000 – £60,000. Department head £60,000 – £100,000 +
Hong Kong: Team head £55,000 – £78,000. Department head £78,000+
Japan: Team head £87,000 – £116,000. Department head £116,000+
Singapore: Team head £97,000 – £120,000. Department head £120,000 +

Private equity

China: Director £152,000 – £253,000. Managing director, £182,000+
Hong Kong: Director £110,000 – £174,000. Managing director, £174,000+
Japan: Director £117,000 – £176,000. Managing director, £176,000+
Singapore: Director £86,000 – £120,000. Managing director, £120,000+

Asset management

China: Fund manager £60,000 – £101,000. Chief fund manager, £101,000+
Hong Kong: Fund manager £81,000 – £111,000. Chief fund manager, £111,000 – £166,000
Japan: Fund manager £59,000 – £106,000. Chief fund manager, £106,000 – £147,000
Singapore: Fund manager £72,000 – £84,000. Chief fund manager, £84,000 – £120,000

Hedge fund

China: Assistant fund manager £65,000 – £91,000. Fund manager £101,000+
Hong Kong: Assistant fund manager £94,000 – £118,000. Fund manager £118,000 – £235,000
Japan: Assistant fund manager £58,000 – £87,000. Fund manager £117,000+
Singapore: Assistant fund manager £86,000 – £120,000. Fund manager £120,000+
Reply With Quote
  #25 (permalink)  
Old 30-04-2016, 02:30 PM
Unregistered
Guest
 
Posts: n/a
Default

to add on further, 350K per year is most likely a local bank MD, head of Corporate banking pay. and roughly 15% more for a MD heading entire wholesale banking (corporate, investment banking, global markets all in).

good years i would guess MD for wholesale banking can roughly rake in half a million per year. however, we have not experience the true headwinds about to come for the banking industry just yet.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #26 (permalink)  
Old 30-04-2016, 02:46 PM
Unregistered
Guest
 
Posts: n/a
Default

lastly, an average performer (if all else being smooth and lucky) may be good enough to reach director in 15 years in the industry. snr director in 20 years.

slightly luckier ones would become MD about 20-22 years (some of these are considerably high flyers). mid 40s for guys heading the entire dept (ie; corp banking/IB). that is the most reasonable estimate ive seen. ive not worked long enough to provide real evidence and these are mostly my observations, so feel free to comment if you feel otherwise.

the above post on the MD pay range are from a research by HAYS recruitment.
Reply With Quote

  #27 (permalink)  
Old 30-04-2016, 05:57 PM
Banking guy
Guest
 
Posts: n/a
Default

Just to share, in my bank the MDs make around $50K basic monthly and VPs up to $20K.

The rest like svp and director will be somewhere in between.

Bonus range from 3 to 6 months.

For me i made $340K last year ($240K basic and $100K bonus)

Not front office.
Reply With Quote
  #28 (permalink)  
Old 30-04-2016, 10:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
to add on further, 350K per year is most likely a local bank MD, head of Corporate banking pay. and roughly 15% more for a MD heading entire wholesale banking (corporate, investment banking, global markets all in).

good years i would guess MD for wholesale banking can roughly rake in half a million per year. however, we have not experience the true headwinds about to come for the banking industry just yet.
This sounds alot more plausible and realistic. There are so few MDs and the next level down ED aren't too many either so possibly 250-350k ish. The rest like FVP SVP and the tons of VPs are likely 250k and less.
Reply With Quote
  #29 (permalink)  
Old 30-04-2016, 10:42 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
to add on further, 350K per year is most likely a local bank MD, head of Corporate banking pay. and roughly 15% more for a MD heading entire wholesale banking (corporate, investment banking, global markets all in).

good years i would guess MD for wholesale banking can roughly rake in half a million per year. however, we have not experience the true headwinds about to come for the banking industry just yet.
LOL you are so completely off base.

A MD in a local bank heading all of wholesale banking will be reporting directly to the CEO. We know from newspaper that the 3 local banking CEOs are paid $9-10 million. And you are saying a MD 1 level below is paid only 15% above 350k i.e. $400k?

It is so obvious you don't even have a clue what you are talking about here.
Reply With Quote
  #30 (permalink)  
Old 30-04-2016, 11:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
LOL you are so completely off base.

A MD in a local bank heading all of wholesale banking will be reporting directly to the CEO. We know from newspaper that the 3 local banking CEOs are paid $9-10 million. And you are saying a MD 1 level below is paid only 15% above 350k i.e. $400k?

It is so obvious you don't even have a clue what you are talking about here.

MD can be a regional head who reports to global head or head of corporate and investment banking group, who then reports to the COO or CEO. For MD in local bank, salary is definitely more than 400k. But for bulge bracket, MD earns lesser if I am not wrong. Correct me if I am wrong.
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
Big 4 back-office rank & salary structure adclicko1 Income and Jobs 1 30-08-2015 11:47 AM
Technology in local banks kitkat Income and Jobs 11 02-02-2014 12:34 PM
NUS: Rank of Programme Officer vs Programme Executive darkstar Income and Jobs 0 21-01-2014 11:36 AM
IT in banks sochews Income and Jobs 7 08-12-2011 09:45 AM
NS Rank yragmc General Discussions 1 07-08-2011 01:00 AM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
11,342 Replies, 3,841,263 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,438 Replies, 989,032 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,203 Replies, 1,441,691 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
5,947 Replies, 1,543,488 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
515 Replies, 122,930 Views
Roles in accenture singapore ( 1 2 3... Last Page)
1,297 Replies, 371,033 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,705 Replies, 2,286,495 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,282 Replies, 4,114,838 Views
Compare civil service salary ( 1 2 3... Last Page)
11,726 Replies, 6,744,736 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,087 Replies, 1,204,372 Views
ST Electronics ( 1 2 3... Last Page)
2,124 Replies, 442,984 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,437 Replies, 661,801 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
337 Replies, 201,191 Views
DBS tech seed programme ( 1 2 3... Last Page)
595 Replies, 121,847 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
246 Replies, 113,320 Views
ITE lecturer ( 1 2 3... Last Page)
237 Replies, 179,492 Views
High Finance Thread ( 1 2 3... Last Page)
230 Replies, 63,349 Views
Anyone work for Casino (RWS/MBS) ?... ( 1 2 3)
21 Replies, 20,796 Views
Lendlease Graduate Program 2021... ( 1 2)
14 Replies, 2,929 Views
Retiring in Taiwan ( 1 2)
11 Replies, 3,520 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,026 Replies, 1,232,567 Views
Associate salary in Investment...
7 Replies, 612 Views
prospects of a scholar ( 1 2 3... Last Page)
83 Replies, 115,173 Views
Career as Teacher ( 1 2 3... Last Page)
3,576 Replies, 2,195,952 Views
Dsta ( 1 2 3... Last Page)
937 Replies, 660,214 Views
Different rank in local banks ( 1 2 3... Last Page)
82 Replies, 141,611 Views
Top 100 Highest-Paid Jobs in...
6 Replies, 5,048 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
594 Replies, 55,006 Views
How long does it take to hear back... ( 1 2)
18 Replies, 982 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
251 Replies, 65,046 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:41 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2