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 Are bank VPs and Directors very senior people?, Are bank VPs and Directors very senior p

Are bank VPs and Directors very senior people?
 
Yes, need to be qualified [ 23 ] ** [20.35%]
No, just need to jilat [ 37 ] ** [32.74%]
Mehh, everyone is a VP and Director in banks with 3 years xp [ 53 ] ** [46.90%]
Total Votes: 113
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bearbearwong
post Apr 30 2020, 11:13 AM

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QUOTE(New Klang @ Apr 30 2020, 10:01 AM)
My friend SVP before 30 years old, salary 30k, not hemsem but no face problem

Plenty women want to open legs for him but he is choosy with women, stay with mom,
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Need to see whether banks got opening or noy as VP/SVP after this
TSStarbucki
post Apr 30 2020, 11:13 AM

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QUOTE(bearbearwong @ Apr 30 2020, 11:10 AM)
Title is huge.. but powers are less some vp noy even have degrees .. seems like uob bank..

Try talking to them u will be able to test it out whether VP stands.. but with  VP public may respect more..
*
yes

everyone may be a Head, Director or SVP, but their span of control is very small.

Example - investment banks got how many deals in the past few years? And there are many investment banks out there. But almost everyone is a Head or Director of something.
SUSb3ta
post Apr 30 2020, 11:13 AM

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see title for what

see salary la

diff bank VP diff salary range. some VP at less than or around 10k only..
bearbearwong
post Apr 30 2020, 11:17 AM

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QUOTE(Starbucki @ Apr 30 2020, 11:13 AM)
yes

everyone may be a Head, Director or SVP, but their span of control is very small.

Example - investment banks got how many deals in the past few years? And there are many investment banks out there. But almost everyone is a Head or Director of something.
*
Instead of seeing their title maybe job scope matters more.. like regional.. asia pacific.. msia or etc.. if uob big bosses stays intermark building..

All these ppl are still under singapore uob.. the top powerful management are still billionaire emeriutes of uob relatives or some link..
Same like HLBB PBB tan sri teh..lol
RS42
post Apr 30 2020, 11:19 AM

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Client facing associates will need to have fancy titles la of course. Takkan go out meet client give senior exec name card. People see liao also not interested to talk big business
brkli
post Apr 30 2020, 11:20 AM

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ya, they are old people.
ohman
post Apr 30 2020, 11:20 AM

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QUOTE(b3ta @ Apr 30 2020, 11:13 AM)
see title for what

see salary la

diff bank VP diff salary range. some VP at less than or around 10k only..
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name card manada print salary
pillage2001
post Apr 30 2020, 11:23 AM

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How much does a AVP or VP make.......say in UOB or Citi?
cofin
post Apr 30 2020, 11:25 AM

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If can land a client like Jho Low or Bijan terus can become VP or Director
Wedchar2912
post Apr 30 2020, 11:27 AM

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There has been a big title inflation in the banking sector to cater to egos and one-up each other within the same organization.

one need to look at the actual job scope to discern seniority and skill/knowledge. Even seniority nowadays are based on relationships. Just look at our new FM.

AVP can make as low as 5K rm to 15K rm per month.
VPs can also make from as low as 7K to 30K rm per month.

the title director and MD are nowadays thrown around and are without meaning as well. They are called external Title for external to see.
gordonchin
post Apr 30 2020, 11:31 AM

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QUOTE(Wedchar2912 @ Apr 30 2020, 11:27 AM)
There has been a big title inflation in the banking sector to cater to egos and one-up each other within the same organization.

one need to look at the actual job scope to discern seniority and skill/knowledge. Even seniority nowadays are based on relationships. Just look at our new FM.

AVP can make as low as 5K rm to 15K rm per month.
VPs can also make from as low as 7K to 30K rm per month.

the title director and MD are nowadays thrown around and are without meaning as well. They are called external Title for external to see.
*
Yes I receive many name cards with director as title, for some reason most are in credit operations. Means they want me to borrow money isit?

I thought MD is like C level already?
SUSNew Klang
post Apr 30 2020, 11:38 AM

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The reward is not salary but ESOS rights allocated.

If get 100k units per year @ myr4 profit, wow
Wedchar2912
post Apr 30 2020, 11:42 AM

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QUOTE(gordonchin @ Apr 30 2020, 11:31 AM)
Yes I receive many name cards with director as title, for some reason most are in credit operations. Means they want me to borrow money isit?

I thought MD is like C level already?
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Yes to your query regarding name cards with director title. basically the person is a credit card sales chap.

It used to be that there is only 1 MD in a bank, and that is the CEO. But title inflation is real. Nowadays individual department heads can even assign their sales persons Director and MD titles, and the title is not controlled at all.

I am normally guided by this filter. The banker I am meeting, would he/she be a MD and still trying to push home mortgage or unit trust to me? I mean, if I am a large multi millionaire to billionaire, that is a different story. Even if I have 100 million ringgit, CEO of CIMB or OCBC or HSBC will not see me to push for credit card right?
SUSkevin23
post Apr 30 2020, 11:47 AM

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QUOTE(b3ta @ Apr 30 2020, 11:13 AM)
see title for what

see salary la

diff bank VP diff salary range. some VP at less than or around 10k only..
*
U will never be able to see their salary. So the only thing u can see is their title
Their titles are all inflated to look good on their card for business purposes

No multi millionaire is gonna want to talk to a sales executive la

The logic is Why should i listen to someone who has not even earned his 1st million but advising me to invest in financial products?
bearbearwong
post Apr 30 2020, 11:49 AM

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QUOTE(pillage2001 @ Apr 30 2020, 11:23 AM)
How much does a AVP or VP make.......say in UOB or Citi?
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Estimated ard 6k to below 10k.. plus all benefits.. depends on sectors as well.. retail.. sales.. operation.. recovery and etc
silkysilk
post Apr 30 2020, 11:51 AM

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You just need some one that can talk shyt and has rich and successful persona to be like that
bearbearwong
post Apr 30 2020, 11:51 AM

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QUOTE(New Klang @ Apr 30 2020, 11:38 AM)
The reward is not salary but ESOS rights allocated.

If get 100k units per year @ myr4 profit, wow
*
Ada lubang mou where wany vp"s?
+3kk!
post Apr 30 2020, 12:02 PM

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depends on bank

some banks its not that high, mid management or experienced staff VP dy

other banks you need to high pangkat
pillage2001
post Apr 30 2020, 01:12 PM

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QUOTE(bearbearwong @ Apr 30 2020, 11:49 AM)
Estimated ard 6k to below 10k.. plus all benefits.. depends on sectors as well.. retail.. sales.. operation.. recovery and etc
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I see....damn.always thought it was 15 - 20k..... I felt i was in the wrong industry when people were walking around with AVP tags and what not...lol..
James1983
post Apr 30 2020, 01:16 PM

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QUOTE(fun_feng @ Apr 30 2020, 11:02 AM)
I am in US MNC

VP is a fking big deal..

If u can bcome director also considered u made it in life d

Heck even Sr Mngr alreday 400k+ pa, n happy d
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In most industries, other than Banking, VP (heck even AVP) is big deal, like a VP in Google or Apple is huge role, overseeing huge functions

Banking is diff due to severe title inflation

This post has been edited by James1983: Apr 30 2020, 01:17 PM

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