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Officer Role in Bank of Tokyo - Mitsubishi UFJ

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  #151 (permalink)  
Old 12-02-2018, 12:39 PM
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Originally Posted by nivlek88 View Post
Would you mind to share what is the benefit as Deputy Manager?
Was only there for a year so can't really recall the details. But benefits are pretty bare bones tbh, standard 21 days leave + 2 days family care I think. $250 dental allowance plus meal/transport allowances after a certain timing. I don't even think they have preferential deposit rates for staff anyway if I'm not wrong. Not much difference if any from more junior grades.

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  #152 (permalink)  
Old 14-02-2018, 12:24 PM
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Deputy manager is a more senior designation. To be honest, I don't think that $7.3k is within the salary band for AM, granted that is more equivalent to a senior associate and starts out at about $4-5k+. Might be an error in the offer letter I would suspect..
Thanks for the explanation. I called up the recruiter yesterday and she told me that by right they were looking for a DM, but the hiring manager felt my experience compare to internal equity only qualify for AM, so they gave me a salary which is higher end of AM but if I can proof good performance can be promoted to DM after a while.

When I ask her if my salary is high end of AM does this mean I will get no or very little increase if I don't promote, she was very evasive and just keep saying as long as you perform well the company will recognize that.

Now I am a bit hesitant because the offer is only ~15% higher than current and if no increase and promotion in next 2 years like back to square one... Anyone got advice whether I should accept?

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  #153 (permalink)  
Old 14-02-2018, 01:31 PM
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Thanks for the explanation. I called up the recruiter yesterday and she told me that by right they were looking for a DM, but the hiring manager felt my experience compare to internal equity only qualify for AM, so they gave me a salary which is higher end of AM but if I can proof good performance can be promoted to DM after a while.

When I ask her if my salary is high end of AM does this mean I will get no or very little increase if I don't promote, she was very evasive and just keep saying as long as you perform well the company will recognize that.

Now I am a bit hesitant because the offer is only ~15% higher than current and if no increase and promotion in next 2 years like back to square one... Anyone got advice whether I should accept?
It also boils down to want you are really looking for in your next job. How a Japanese bank functions may be very different to what you are used to, and that 15% premium may not be able to compensate for the risk of the move on the event that you do not like it. I do feel that in terms of career progression and growth, Japanese banks have less to offer.

Personally I would not settle for less than 20% for a switch, granted that the following year's increment might be on the lower end as promotions are harder to justify based on the short performance assessment window.

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  #154 (permalink)  
Old 14-02-2018, 04:42 PM
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Thanks for the explanation. I called up the recruiter yesterday and she told me that by right they were looking for a DM, but the hiring manager felt my experience compare to internal equity only qualify for AM, so they gave me a salary which is higher end of AM but if I can proof good performance can be promoted to DM after a while.

When I ask her if my salary is high end of AM does this mean I will get no or very little increase if I don't promote, she was very evasive and just keep saying as long as you perform well the company will recognize that.

Now I am a bit hesitant because the offer is only ~15% higher than current and if no increase and promotion in next 2 years like back to square one... Anyone got advice whether I should accept?
I've never had a problem with getting my desired salary, in my current job I was even "counter offered" 15% higher than my asking salary, which already took into account a 15% increment from my previous job.

It all boils down to what you can offer to the company. In this case, looks like you're not what they are looking for.


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  #155 (permalink)  
Old 14-02-2018, 06:55 PM
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I've never had a problem with getting my desired salary, in my current job I was even "counter offered" 15% higher than my asking salary, which already took into account a 15% increment from my previous job.

It all boils down to what you can offer to the company. In this case, looks like you're not what they are looking for.
15% of monthly base or annual base? Or 15% of total package including bonus?
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  #156 (permalink)  
Old 14-02-2018, 10:24 PM
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Thanks for the explanation. I called up the recruiter yesterday and she told me that by right they were looking for a DM, but the hiring manager felt my experience compare to internal equity only qualify for AM, so they gave me a salary which is higher end of AM but if I can proof good performance can be promoted to DM after a while.

When I ask her if my salary is high end of AM does this mean I will get no or very little increase if I don't promote, she was very evasive and just keep saying as long as you perform well the company will recognize that.

Now I am a bit hesitant because the offer is only ~15% higher than current and if no increase and promotion in next 2 years like back to square one... Anyone got advice whether I should accept?
Generally for your level which is considered very junior by banking standards, the minimum I advise is at least 25%-30% increase esp. Jap banks have not so good reputation in terms of future progress and learning opportunity. I agree with others above that you should just reject, don't waste your time in Jap companies unless you want job security and go through motion till retirement.
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