Salary.sg Forums - Reply to Topic
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs > NTU Computer Science Fresh Grad looking for advice

Income and Jobs Discuss jobs, career options and of course salaries




Salary.sg Forums

Thread: NTU Computer Science Fresh Grad looking for advice Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
07-06-2016 09:10 PM
Unregistered So many childish never interact with elite banking/investment circle here think 500k pay is so special...
06-06-2016 11:08 PM
Unregistered 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!
06-06-2016 03:28 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Here we go again. Lol.
Lol.

I think only that chap from BSI bank getting charged over 1MDB money laundering may get close to half a mil.
06-06-2016 02:32 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
sounds more like sour grape to me. i personally know a few bankers in dbs treasures making close to 500k.
DBS Treasures RM are paid 5-6k normally. So your friend is getting 7 years bonus to hit 500k? Usual talking cock through the arse again...
06-06-2016 01:24 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
sounds more like sour grape to me. i personally know a few bankers in dbs treasures making close to 500k.
Here we go again. Lol.
06-06-2016 12:50 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Based on my exprience, #1 and #2 for top 10 percentile seems accurate. For #3 top 10th percentile might be higher, maybe S$300k is my best guess.

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.
sounds more like sour grape to me. i personally know a few bankers in dbs treasures making close to 500k.
06-06-2016 12:28 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
This reminds me of a thread that I contributed before. Thank you for your sister's info. Okay, then can we conclude on these numbers? Say top 15 percentile earners in each of these categories:

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.
Based on my exprience, #1 and #2 for top 10 percentile seems accurate. For #3 top 10th percentile might be higher, maybe S$300k is my best guess.

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.
06-06-2016 11:56 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Not surprising. I have always suspected as much.

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.
This reminds me of a thread that I contributed before. Thank you for your sister's info. Okay, then can we conclude on these numbers? Say top 15 percentile earners in each of these categories:

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.
06-06-2016 11:37 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Out of curiosity, I asked my sis again on details over weekend dinner. She is actually working on Citigold Private accounts which I understand is a higher tier than Citigold but still not considered private banking.

She told me 110k+ was last year and she is expecting generally lower variable bonus this year, would be lucky to hit above 100k. She also told me as far as she is aware, RMs at this tier even in a good year can only hit 250k and 350k is virtually unheard of. Perhaps private or investment banking, but she seems quite confident it cannot be done in Citigold Private or any tier below that. In fact she used to handle normal consumer banking in SCB and told me 50-70k is the norm at that level.

And it's not just my sis, I have a few friends in the banking sales sector and AFAIK none of them are making that sort of numbers that people keep throwing around here. So my advice for the newbie is be careful and don't trust everything that is shared here.
Not surprising. I have always suspected as much.

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.
05-06-2016 09:45 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
when people say "banking" they mean investment banking, FO roles.

Yes, top sales earn a lot in commissions but it is only the top few.
sure. when people say accounting they mean cfo here also.
This thread has more than 10 replies. Click here to review the whole thread.

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




All times are GMT +8. The time now is 05:52 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2