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

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs > Banks' Pay and Bonuses

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




Salary.sg Forums

Thread: Banks' Pay and Bonuses 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)
18-09-2021 09:18 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Not every batch, just for 2021 promotion cycle (batch of 2014). GS/JPM/MS ó one of this.
Totally not convincing at all LOL think you should review the facts esp if you are not a fellow BB MO/BO grad yourself lol
17-09-2021 11:07 AM
Unregistered im poster above. DBS MD in backend roles like ops or HR or tech
17-09-2021 11:07 AM
Unregistered any idea DBS MD get paid how much? thanks!
17-09-2021 11:04 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Not every batch, just for 2021 promotion cycle (batch of 2014). GS/JPM/MS ó one of this.
This batch so exceptional ah? Hired 6 winners and 1 loser. The HR/line managers responsible for hiring them should be commended.
17-09-2021 10:57 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Wow which disneyland bank is this? Every batch 6/7 get promoted to VP, so songs I also want to join
Not every batch, just for 2021 promotion cycle (batch of 2014). GS/JPM/MS ó one of this.
17-09-2021 10:54 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Seen locals (high flyers) reach ED in ~12 years. Have also witnessed those from the grad programme (6 out of 7 of them) promoted to VP (drawing 10k and up) after less than 7 years. Note this is for top tier BBs.
Wow which disneyland bank is this? Every batch 6/7 get promoted to VP, so songs I also want to join
17-09-2021 10:52 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
[s://i.gyazo.com/dfb27e074900075952bfa562c72ebc2f.png[/

MD approx 60k per month, including allowance.
Headcount for MDs in JP Singapore is really really Low (esp for MO/BO). You have to be exceptional. Youíll have to move if you really want that title bump (eg to HK ó APAC HQ). Then again, EDs (MO/BO) have pretty much uncapped salary ceiling (but obviously donít go higher than 60k/m). Comfortable enough imo
17-09-2021 10:46 AM
Unregistered [s://i.gyazo.com/dfb27e074900075952bfa562c72ebc2f.png[/

MD approx 60k per month, including allowance.
17-09-2021 10:43 AM
Unregistered
Quote:
Originally Posted by mytwocents View Post
iím in the banking industry for about 9 years MO. hopped from local to a BB then to a small foreign bank. typing this cause on leave tmrw and returning good deeds by sharing info.

by researching this forum and glassdoor, iím sure u guys can tell whatís the truth being said. anyways hope we SIC more and toxic less.

itís true investment bankers fresh grad in BB may get paid 10k, but if u meet one, u will also know they donít have much time to even spend it. they are also minimally first class honours from local uni and have to pass gruelling MA interviews. so itís true but highly unlikely and only for IB in BB (no other MA roles will pay u 10k straight out of uni).

BO/MO: starting salary at BB 4k+ is definitely possible. Even OCBC or UOB are paying at least 3k for fresh grads (just ask around)..

BO/MO: salary after 5 years? my estimate is 5-7k if ur foreign bank. depends on how many promotions and salary increments. if youíre good, twice promotion maybe 20% to 30% each time. local bank salary is low prolly 5k after 5 years is average (normal progression), but their bonuses are much better.

back to the contentious point being debated:
10k for MO role after 5 years in a BB (fresh grad) is highly unlikely. UNLESS ur a MA program, or ur linked to a revenue generation MO team ie structured product team, or ur salary increment was 20% every single year without fail on average despite all banks having one or two bad economic years. Again, sounds unlikely or u left out some other information such as YOE.. In any case, if u achieved it congrats, defo no easy fear. but folks here are asking for the reasonable range, not an unlikely outlier range. spread the kindness bruh

keep sharing and stop the toxicity!

cheers guys.

FYI, itís true JPM doesnít hav AVP, thatís why their senior associate salary can hit 10k too.. personal experience).
Mostly agree with the above. But I think OP figures are dated (since heís speaking from his past 9 years of exp).

Fresh grad programme salaries for MO/BO figures are higher now (even local banks are paying >4k).
17-09-2021 10:42 AM
Unregistered Should always be on the lookout for better offers every 3 to 4 years, no need to commit to a single bank for the measly yearly increments.
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 04:16 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2