Unker see many people title Directors and VPs or even SVPs in commercial and investment banks.

Are they high level people?

not really

Of course, every bank branch need One Director, Two Sexytary, Mutiple Managers and one intern.

yes

I thought vp is like manager and avp is assistant manager for banks

VP no, just kuli.

Directors in Bank then yes, are usually SVP and above.

Director- Manager
VP- AM
AVP- Senior Exec

Depends on banks, there are a few thousands VP in JP Morgan, most are just title only.
Analyst (0-2 years)
Associate (2-5 years or 0-3 years with an MBA)
VP (5+ years or 3+ with an MBA)

Where you pluck this info from?

Lol

holypredator

I see normally they gip name card - Head of XYZ, Director of ABC, SVP, VP. Even normal salesman called Relationship Manager.

hardly see Exec or Senior Exec

Sky
Lol

VP=manager
SVP=SM
EVP=AGM
SEVP=GM

my company VP is a senior manager
DVP is manager
AVP is assistant manager
Director is like director high level

This post has been edited by dennis008: Apr 30 2020, 08:03 AM

Vice President in US banks doesn't mean anything but just senior person only; don't be misguided that they are 2nd most powerful in company or department.

How about Heads and Directors? I see many oso.

How about maresian banks? I see many entry levels are already called AVP, and they become VP in 3 years.

Not sure about that. If you see many, then most probably it’s just a syok sendiri title to make their employees happy.

Directors, I only know BoD.

Some malaysian banks follow US style. So you’ll see a lot of VPs and AVPs. SEVP is the real high rank one normally reporting to COO.

This wasn't Malaysian practice in the past, the way you described it I would believe it is just empty title they follow like US.
You just need 5 year plus experience or 3 year plus MBA, like I said there is a few thousands Vice President of JP Morgan running around, none of them are big shots.

I see many Heads/Directors/SVPs drive godcar, so surely not BoD

maybe they are frugal..

bcos usually in banks, Head of X, SVP and above, Director

are already quite decent level, with a fairly large team under them


But, VP and below, confirm not. just kuli

This post has been edited by James1983: Apr 30 2020, 08:12 AM

Even if they dont use the murican title convention of VP, there are still many running around with titles like manager, heads, and directors.

I wonder what they really do as compared to a junior exec

The term "executive" usually means that they can make decisions on whatever limited their degree is, as compared to lower employees who are doing as told, junior executive term is vague as in between can make decision vs follow level.
But like I say, most of it is empty title only, useless and confusing; just nice when introducing yourself.
In Japan, things are direct and literal - Shacho - Boss, Bucho - Department chief, Kacho - Section chief, Shunin - unit head.

usually in a bank C level > Head/Regional Head > director > VP > AVP >Manager > AM > sn exec > exec

How much a Head make a month?

To be appointed:

1) You just need to have close buddy in high level position
2) You know how be known by industries

one thing u should learn in the job market is not to take their business titles seriously especially banking sector

got one fren so proud "oh i made vp before i am 30"

unker duno wat to say

It is still very good nonetheless to make more than 5 figures before 30.
Sounded nicer than say I made more than 20k a month before 30.

can tell him/her "nothing special kiddo, throw a stone hit hundred VPs in banking"

cant bear to say that to her coz she was twiddling her thumbs, glowing, and going omgomgomg when she said that

unker just okey.jpeg

unker you're too kind

gip her 10 more years when she is hopping between banks still at vp level, then she will realise it herself

Is there a different between AM from Maybank (number 1 bank) vs AM from smaller bank like Affin or Alliance Bank)?

in terms of salary and in terms of prestige (for example... if you are an AM from Maybank.. you are actually equivalent to Affin's Manager..)

We ususally measure by how many levels below CEO. As an illustration

CEO = President
CEO - 1 = EVP (COO, CFO, CRO)
CEO - 2 = SVP (Heads of dept, e.g. Treasury, Relationship Banking, etc)
CEO - 3 = VP (Division or Team leads)
CEO - 4 = AVP (Mostly assistant managerial roles)

my current employer, glc mnc

SM / M - head of team/unit in sub company level
GM / SGM - C level (other than CEO) in sub company level
SGM - head of unit in group level or VP *at this level ur salary already exceed /k min requirement
VP - VP in group level or CEO in sub company level
SVP - C level in group level
GCEO - group CEO *6 figure salary

At least the associates and VPs in JP are paid more than triple than the same counterpart of say, Kenanga...

at 38, my friend already vp BUT BANK IN BANGKOK LAR

here only senior manager



but salary ciput

MNC also same? director is Manager?

And what were your when you were before 30 ?

https://my.linkedin.com/in/suresh-chandra-66ab086

this one how?

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,

Must you be defined by a job title? Lol

Of course, if you are born in US you are automatically richer.
A floorsweeper in USA are paid more than triple than bangla in Malaysia.

In this discussion, yes.
If not why try laugh at that fella when he told you he's VP .

Lol.

Toilet President

Still a president

Yeah right

Which bank will hire SVP with less than 8 years of working experience....assuming he started working in his 22 .

so are you also a vp like everyone else in your bank?

AVP - normally 4-5 years can reach
VP - 6-7 years can reach
Director 8-10 years can reach

VP is just a name only. Nothing much a typical manager. Those who are proud of the VP post is just syok sendiri.

hikayat salju kanda

Just a title only but at least the salary is a lot higher than most kuli in Malaysia. That’s something I guess.

The case is the same, even in JPM of Malaysia.

They can easily offer you double/triple your salary in exchange of being at their mercy, cuz apparently you can lose your job anytime throughout the day lol

JPM's team in Malaysia is damn smol

I would join nonetheless, having JP Morgan in your resume is like a nice chip.
Good career bargaining power in the future.

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

I'm more than a VP.

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..

Need to see whether banks got opening or noy as VP/SVP after this

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.

see title for what

see salary la

diff bank VP diff salary range. some VP at less than or around 10k only..

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

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

ya, they are old people.

name card manada print salary

How much does a AVP or VP make.......say in UOB or Citi?

If can land a client like Jho Low or Bijan terus can become VP or Director

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?

The reward is not salary but ESOS rights allocated.

If get 100k units per year @ myr4 profit, wow

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?

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?

Estimated ard 6k to below 10k.. plus all benefits.. depends on sectors as well.. retail.. sales.. operation.. recovery and etc

You just need some one that can talk shyt and has rich and successful persona to be like that

Ada lubang mou where wany vp"s?

depends on bank

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

other banks you need to high pangkat

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..

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

So jelly.. My cpy work 8 yrs only can become senior engineer. After 15 yrs typically lead eng. 15-20 manyzer.. Director vp all typically 50 60 yrs old kind. Speed also depends on skin color, whites make the fastest, locals stuck at mid management level as cannon fodder.
Sometimes ppl also aspire the titles

most important thing is pay must be very senior

For those who are curious, i can share some insights as i have been working in banks all my life.

Changed 4 banks, from middle office, to back office and front office.

JP VP level is actually pretty senior. The ranking is analyst to associate (manager) to VP, then ED and MD. CEO of JP MY is MD.

VP in regional banks varies. From VP3 most junior to SEVP. But they are not junior with 3-5 year exp like all the kopitiam unker says.
VP3 to VP1 can be dept head, and manage a team.
VP1 and SVP manages a few dept.
EVP is C-level already in Malaysia.

Local banks are similar to regional banks. Btw VP and director are some time used interchangebly (AVP are associate directors and VP are directors). Otherwise directors are above VP (instead of SVP)

Salary-wise,
VP in MNC banks should be earning 18k+ at the floor, close to 30k at ceiling. And they usually manage a team or project.
ED is very senior already. 30k+ i believe?

Regional and local banks, VP starts from 16k. Bigger banks have monthly car allowances for VP and above.

Btw, Relationship manager is a title, not a ranking, they can be from executive all the way to VP level.