Damienic 5th Gear July 3, 2011 Share July 3, 2011 You are so wrong! It's not the title, it's the responsibiltiea and pay. My cousin who works in a bank told me more than half of the positions (excluding frontline coutner staff) in there is AVP...wah if most of the staff there are paid this much, no wonder so many people yearned to work in banking industry... ↡ Advertisement Link to post Share on other sites More sharing options...
Porker Turbocharged July 3, 2011 Share July 3, 2011 There are 2 major categories for positions in the IBs. They are executive and non executive. AVP is if not the lowest of the executive rank and file. Again I clarify this is for foreign banks who pay so much better than the crap we have locally. Of course they are the ones who cut staff in bad times like no other and also suck the most money from gullible people Link to post Share on other sites More sharing options...
Acieed 1st Gear July 3, 2011 Share July 3, 2011 Got this high? I had the impression AVP in banks is rather junior.... Often, engineer or avp in foreign bank is paid much higher than vp in local bank. Link to post Share on other sites More sharing options...
Mahjong74 Supercharged July 3, 2011 Share July 3, 2011 (edited) Really curious...anyone? Got 1 friend with CCIE, used to work in silly bank as AVP in IT Infrastructure, 10k per mth. Quit after 2 years becos all the work load was push to him but those FT AVP are having a much easier life. Btw, working during weekends is a norm to him but not those FTs. Edited July 3, 2011 by Mahjong74 Link to post Share on other sites More sharing options...
Yewheng Twincharged July 3, 2011 Share July 3, 2011 Got 1 friend with CCIE, used to work in silly bank as AVP in IT Infrastructure, 10k per mth. Quit after 2 years becos all the work load was push to him but those FT AVP are having a much easier life. Btw, working during weekends is a norm to him but not those FTs. Than why bank emply FT in the 1st place? [hur] Link to post Share on other sites More sharing options...
Mahjong74 Supercharged July 3, 2011 Share July 3, 2011 Than why bank emply FT in the 1st place? [hur] Those who are familiar with Banking IT industry will know that that bank SVP, VP are all FT from the same country. They employed FT of the same race or country to stay in power. My friend who is a local chinese which is a minority, have to work extra hard. Link to post Share on other sites More sharing options...
Yewheng Twincharged July 3, 2011 Share July 3, 2011 (edited) Those who are familiar with Banking IT industry will know that that bank SVP, VP are all FT from the same country. They employed FT of the same race or country to stay in power. My friend who is a local chinese which is a minority, have to work extra hard. oh.. so you mean like for example bank of china.. will most likely employ china people and treat them very well as compared to local people ar? Than it kinda stupid of bank to do it this way.. I feel... Edited July 3, 2011 by Yewheng Link to post Share on other sites More sharing options...
Jchuacl Clutched July 3, 2011 Share July 3, 2011 It's more for banks such as Citi, Stanchart, Barclays, Credit Suisse, BOA (it's slightly better with the HR policy). oh.. so you mean like for example bank of china.. will most likely employ china people and treat them very well as compared to local people ar? Than it kinda stupid of bank to do it this way.. I feel... Link to post Share on other sites More sharing options...
Yewheng Twincharged July 3, 2011 Share July 3, 2011 (edited) It's more for banks such as Citi, Stanchart, Barclays, Credit Suisse, BOA (it's slightly better with the HR policy). IC so also depends on bank.. ok.. I get it already. [thumbsup] Edited July 3, 2011 by Yewheng Link to post Share on other sites More sharing options...
Jchuacl Clutched July 3, 2011 Share July 3, 2011 Can always change to another dept in the bank, no need to quit unless he got a much better offer. Got 1 friend with CCIE, used to work in silly bank as AVP in IT Infrastructure, 10k per mth. Quit after 2 years becos all the work load was push to him but those FT AVP are having a much easier life. Btw, working during weekends is a norm to him but not those FTs. Link to post Share on other sites More sharing options...
Mikepitt Clutched July 3, 2011 Share July 3, 2011 may not be that low la especially with experience nowadays, banking fresh graduates with 6 months attachment training already ya ya asking for $3k-ish leh (anything < $3k see no up) FYI, I am working in a reputable foreign bank. 3K+ maybe low for AVP. but 5 year later can be 6K+ Link to post Share on other sites More sharing options...
YellowFlash Clutched July 3, 2011 Share July 3, 2011 It's more for banks such as Citi, Stanchart, Barclays, Credit Suisse, BOA (it's slightly better with the HR policy). deutsche bank should be added to the list too.. Link to post Share on other sites More sharing options...
YellowFlash Clutched July 3, 2011 Share July 3, 2011 My cousin who works in a bank told me more than half of the positions (excluding frontline coutner staff) in there is AVP...wah if most of the staff there are paid this much, no wonder so many people yearned to work in banking industry... depends on which department, in certain departments like back office, AVP is considered high rank but in banking frontline, AVP is a common title. Pay wise ranges but i believe at least high 3s for AVP even for local bank. Link to post Share on other sites More sharing options...
Koalamao Neutral Newbie July 3, 2011 Share July 3, 2011 (edited) nope. Edited July 3, 2011 by Koalamao Link to post Share on other sites More sharing options...
GoodCar 4th Gear July 3, 2011 Share July 3, 2011 It's more for banks such as Citi, Stanchart, Barclays, Credit Suisse, BOA (it's slightly better with the HR policy). So "Or Urm " one, ok I no give business to these bank until they improve on the hiring policy. I think in other country, HR head must be a local, is it the same in Singapore? So far all company I work, HR is local leh. Link to post Share on other sites More sharing options...
Maldini03 1st Gear July 3, 2011 Share July 3, 2011 FYI, I am working in a reputable foreign bank. 3K+ maybe low for AVP. but 5 year later can be 6K+ Huh?? I work in foreign bank for 5yrs and local bank for 2yrs. But so far I have not hear AVP earn only 3k+, so pathetic AVP in bank is like OC/2IC in a brigade Link to post Share on other sites More sharing options...
Jchuacl Clutched July 3, 2011 Share July 3, 2011 I included only the major hirers in the market, otherwise the list would be damn long. deutsche bank should be added to the list too.. Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 3, 2011 Share July 3, 2011 hahaha, you guys ah..... hahaha ↡ Advertisement Link to post Share on other sites More sharing options...
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