Bank bonuses flat; but slow job market may block exit to greener pastures

Singapore

WITH 4th quarter 2018 results streaming out, bankers may be fretting about what bonuses will be coming their way. But with a slow job market - there're more candidates than jobs - those unhappy with their bonuses may just have to sit out this job-hunting season.

As expected, bankers were tight-lipped about their 2018 awards, though one local banker said Singapore banks are likely to pay "an average 2-3 months and for those that did well, it can go up to 5-6 months, or 7-8 months." For the top 5 per cent performers, it could even be 12 months, she added.