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 Cimb Bank AVP Position

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aurora97
post Aug 19 2017, 07:22 PM

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I know this topic is a bit old but let me share my experience.

QUOTE(party @ Nov 23 2014, 12:40 AM)
You sure? I am in bank..not branch tho. But AVP(newly promoted) earns min 10k..
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I would agree.

QUOTE(Babizz @ Dec 31 2014, 12:00 PM)
U in the investment bank or consumer bank?
I know only CB uses the term AVP as AVPs in IB should be Assoc Director...

What do u think an AVP in the consumer side earns?
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Internal Ranking they call it VP or AVP but it is actually equivalent to Director and Associate Director.

AVP rank is higher than Manager. Don't ask me why. I am confused as fish as to what AVP is.


aurora97
post Aug 20 2017, 01:17 PM

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QUOTE(Babizz @ Aug 19 2017, 10:15 PM)
for consumer bank in CIMB its not manager then avp then vp then director then director then MD?
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Next is president than Directors...

QUOTE(PrincZe @ Aug 20 2017, 12:43 AM)
Avp is nothing but title for sales man
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Ironically, i am back office n that's what i got.
aurora97
post Aug 20 2017, 03:31 PM

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QUOTE(PrincZe @ Aug 20 2017, 01:25 PM)
oh, meaning what ?  flex.gif
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meaning i still don't know what is Avp. It may be closer to the top and the benefits are slightly better with each rank...

I still don't know what the fish is this Avp rank all about.

I was a Manager before this... and then when they offered me the post of Avp and i was like... hmmm? am i settling for something less or better?

Well the salary was definitely more... more salary but less responsibility, bring it. brows.gif

In my opinion... This Avp rank is like... neither here or there. It's between Manager and Head of Department.

Half of the people in this forum can't give a straight answer what it is. Some say lower, some say higher.








aurora97
post Aug 21 2017, 01:54 PM

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I guess thus Avp is a mysterious position. It can be highly ranked (equivalent to Snr Manager) or just a whatever position (assistant manager). In case of Cimb, its middle ranking management, it is above manager title but below Vp (which could be a head of department).i hope this will help those who wish to apply to Cimb and when u get offered a position of Avp.
aurora97
post Sep 8 2017, 12:07 AM

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QUOTE(toshigoh @ Sep 1 2017, 12:29 AM)

Range is around RM 7 - RM 10k
Funny thing is, it can be more than that... how much more I leave it to your imagination.

What you are saying only reinforce my perception that this AVP rank is sandwiched between heaven and hell.

I wasn't so hesitant to leave my job cause i really didn't know whether i was settling for something that is lower or equal to my rank...

On top of that the benefit sucked. My existing firm is much better.

The only incentive was the big jump.

For the purposes of this discussion, AVP is either equal to Manager or higher than Manager rank.

Side note, there is something called internal / external ranking...

AVP is internal, the equivalent is Associate Director for external designation. If I recall correctly.

 

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