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

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  #51 (permalink)  
Old 24-06-2019, 10:13 AM
Posts: n/a

cant agree more. UOB has the most inflated title (at least during my tenure there). Their AVP can start as low as 4.5k onwards. In some banks, this salary can only land u in associate role.

For VP role in UOB and as per some threads mentioned, it is like a team lead role, not a department head or a section head. I left the bank as a VP2 in my short stint in the bank. very 'memorable' i should say, not worth mentioning.

Of course that was some years back, maybe now they did corporate restructuring which I cant be sure

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  #52 (permalink)  
Old 24-06-2019, 10:27 AM
Posts: n/a

Thank you for clarifications. There are many people giving false information that is misleading which I find it ridiculous. Many don't understand the word generally and/or average.

Originally Posted by Unregistered View Post
please don't mislead people, or check around to understand the average before using one data point to make the argument.

In typical scenarios, VP in banks requires ~ 10 years experience. of course high flyers exists, but the average fact is that. in my bank, AVP JD usually requires 5-8 years experience, VP requires at least 8+ years experience. I'm 41 as of 2019, VP in a US bank. Yes there're a few people in my office below 40 already SVP. Some below 45 already MD (my bank doesn't have much title inflation, every year only less than 20 new MD promotions, with a total global workforce of 60k). But majority of my cohort are VP and some still AVP.

Then again, different banks have very different title vs. experience/actual grade schemes. UOB is known to be the most inflated among the local. I've seen UOB VP applying other bank AVP position and still get good increment. In DBS, as far as I know, VP is really managerial position with a small team to lead, whereas in some other banks, even ED can still be individual contributor.

In insurance, while most follow similar corporate title track, some actually follow non-banking MNC where VP is really high-up with Directors and Managers as middle and lower level.

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  #53 (permalink)  
Old 28-11-2022, 12:29 PM
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UOB really jialat. Best not to work for local singapore companies. Intl firms are governed by intl standards which usually translate to better pay and working conditions. Singapore mindset is you dont want to work we can always replace you with someone cheaper faster better. This is what you voted for.

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