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[QUOTE=sgproptrader;107269]Hi,

Been searching for local bank salaries as I am progressing the ranks in a local bank. I checked through this forum and feel that many people are not giving realistic salaries. Example, work for 2 to 3 years can become AVP. or AVP salary > 15k etc.

Below are the ranks that I am aware of based on my experience. I was working at the back office and now currently in the middle office.

Hopefully the community can update what I type. I appreciate people giving actual salaries that they have received when working. Kindly avoid those" My friend told me" comments. Also, if you are a high flyer front office guy, please do comment on other threads. I believe if you are a senior rank person, ED, MD , you probably will not look at forums for salary guide.

UOB: Class 2 Officer , Senior Officer, Manager, AVP, VP1, VP2, FVP .....

DBS: Analyst, Associate, Senior Associate, AVP, VP, SVP , ED , MD

OCBC: ??

I can confirm that if you are back office UOB AVP, your salary can be something like 6k+ (lowest). The band is quite wide.

For Associate, your band can be 4k + to 5.8k. For Senior associate, can be from 68000 to 100k per year.

The above figures, I have worked the roles before and have asked the HR directly.

For DBS, most back/middle jobs require at least 5 years of banking experience. 8 years and above for AVP. 
Please do share more details.[/QUOTE]

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Topic Review (Newest First)

Today 06:50 PM

Unregistered

Should contract work be avoided or are there better benefits or pay for contract workers compared to perm staff?

Today 06:25 PM

Unregistered

What is the pay range for the most junior VP in the local banks?

Today 05:23 PM

Unregistered

Quote:

Originally Posted by Unregistered

but not with banks...

Start in banks then jump over lor

Today 03:18 PM

Unregistered

Quote:

Originally Posted by Unregistered

There is good money to be made working in trade finance for global commodity trading houses

but not with banks...

Today 01:50 PM

Unregistered

Quote:

Originally Posted by Unregistered

I would disagree that it is a dying business unless you are saying global trade is dying and countries around the world are gonna be self reliant and not do any international trade, which is not gonna happen.

There is good money to be made working in trade finance for global commodity trading houses

Today 12:53 PM

Unregistered

Quote:

Originally Posted by Unregistered

trade finance is a dying business. i'll recommend u to avoid

Yesterday 11:32 PM

Unregistered

Quote:

Originally Posted by Unregistered

Hi can I ask what is the Trade Finance route in banks like? any pros and cons?

trade finance is a dying business. i'll recommend u to avoid

Yesterday 12:26 AM

Unregistered

Hi can I ask what is the Trade Finance route in banks like? any pros and cons?

18-01-2022 06:26 PM

Unregistered

Internal Audit

How much are you drawing as an IA role with about 8 years of experience? Can share the ranks as well ?

Thanks!

18-01-2022 04:01 PM

Unregistered

Quote:

Originally Posted by Unregistered

Indian overseas bank > everything else

i prefer bangalala bank

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