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how much shall I expect for a vp role in a local bank?

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  #41 (permalink)  
Old 15-02-2018, 08:54 PM
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Seems that this year's bonuses are generally on the higher end and my expectations turned out rather conservative. Pro-rated bonus for the 8 months since joining was ~5.25 months, so was pleasantly surprised. Increment on the other hand was somewhat dismal at only 3.5%...
Yes this year bonus on average is about 25% +++ and above compared to YOY bonus, some people get up to 40-50%, but the average performer get 3X% YOY increased.

Increment is pretty much standard at 2.5% - 3.5% range, which meets market standard, so no complains on that.


-ken

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  #42 (permalink)  
Old 24-03-2019, 09:43 PM
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Hi Mangos47, did you take up the offer with UOB in the end?

How is the work life over there? How are their annual increments and bonuses like? Any others able to comment?
given up the UOB offer eventually because not really up to expectation (around 145-150k per annum all in). Two months later got another offer from a MNC 175k per annum base plus 1 month bonus (US culture). Went there and quite happy (no stress, friendly colleague and reasonable workload). Tow year later as of now, 185k base, plus bonus, about 205k per annum)



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  #43 (permalink)  
Old 25-03-2019, 09:22 AM
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given up the UOB offer eventually because not really up to expectation (around 145-150k per annum all in). Two months later got another offer from a MNC 175k per annum base plus 1 month bonus (US culture). Went there and quite happy (no stress, friendly colleague and reasonable workload). Tow year later as of now, 185k base, plus bonus, about 205k per annum)
What industry is the US MNC in? Normally MNC culture is more relaxed.

MNC also pays better than banks generally.

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  #44 (permalink)  
Old 25-03-2019, 01:34 PM
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given up the UOB offer eventually because not really up to expectation (around 145-150k per annum all in). Two months later got another offer from a MNC 175k per annum base plus 1 month bonus (US culture). Went there and quite happy (no stress, friendly colleague and reasonable workload). Tow year later as of now, 185k base, plus bonus, about 205k per annum)
How many years of working experience do you have?
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  #45 (permalink)  
Old 29-03-2019, 10:50 PM
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Please note not all VP are equal.

Some Local Bank VP typically draw lower salary than the others for entry level VP.
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Old 30-03-2019, 08:57 PM
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How many years of working experience do you have?
About 8? Coming to 9.
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Old 30-03-2019, 10:05 PM
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About 8? Coming to 9.

Is is considered as fast to reach a vp level?

I dont think many people can reach this level unless for specific jobs.
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  #48 (permalink)  
Old 31-03-2019, 08:14 AM
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About 8? Coming to 9.
Which function are u in?
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  #49 (permalink)  
Old 31-03-2019, 01:08 PM
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Is is considered as fast to reach a vp level?

I dont think many people can reach this level unless for specific jobs.
No. This is a little slow in actual fact.


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Which function are u in?
Functional Approach category
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