Different rank in local banks
Hi all,
i had search through the forum and found that there is rank or pay structure across there local banks and most value rank(Company) within the same rank? and discuss about AWS or incentive or allowance Can anyone summarize or share the structure in this 3 banks? OCBC: associate->senior associate->AVP(do there have 1,2,3,4,5)-VP(1,2)-Director UOB AM->Manager(do there have 1,2,3,4,5)->AVP(do there have 1,2,3,4,5)->VP(1,2) -Director DBS associate->senior associate->AVP(do there have 1,2,3,4,5)-VP(1,2)-Director Thanks Edison |
What the bonus like for local banks' ops and mid office? anyone can shed some light as well?
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currently ocbc and uob is at 2nd round interview stage, if pass then will get the offer. |
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I sense that either in larger organizations or in the financial services, both of which UOB/DBS/OCBC is a part of, rank and title DOES matter. The reasons are that because the work there more standardized compared to investing, the rank you have will suggest more or less what you do and what you're capable of. For example: An analyst in Fund A could be 1) employing macro strategies, 2) hedging bond exposure, 3) researching stock for PMs, 4) optimizing trade execution. A BO analyst in Bank A, B, C will be doing accounting for PnL. A BO associate will command x number of analyst. A VP will be finding new ways to streamline the process. I could be wrong. But my take is that the larger the organization, the more rank matters. What's your starting salary? |
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I am curious about stanchart's
They have bands (7,6,5..) and within these bands there are grades (M15,M16...) How do they transpose to local banks? |
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