How to start at a Bank! - Page 2 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How to start at a Bank!

Reply
 
Thread Tools
  #11 (permalink)  
Old 28-07-2015, 02:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Hello Casie,

Noticed you switched your discipline of study from a biomedical science course to majoring accountancy for your degree. What made you steer to accountancy instead?

I suppose your ongoing job now as an account assistant is riding on the back of your accountancy degree? Ever considering an auditing track with SMEs?

Reply With Quote
  #12 (permalink)  
Old 28-07-2015, 02:56 PM
Verified Member
 
Join Date: Jul 2015
Posts: 19
Cassie is on a distinguished road
Default

Yes I took science when I was younger and more naive. But it does not pay the bills well hahaha! Thank you for taking the time to give me your advice. It makes a lot of sense ^^

Reply With Quote
  #13 (permalink)  
Old 28-07-2015, 02:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Dont quit your job because after reading ur background, it will be hard to get accepted into the banking industry as of now.

Firstly: You are unsure of what you are going to achieve. Medical Tech to assistant accountant. You also mention you want any job in banking industry?!

Secondly: You dont have experience in banking industry.

So, what I can suggest you is that look at the possible roles in banking industry to see what you want to do. Then apply for the specific job, like that your chance will be higher. Because even if you get into the interview, the interviewer will confirm as about your understanding of the role and etc. Then they will conduct assessment to see whether this job is suitable for you.
Second this! Please don't enter this self-perpetuating cycle of leaving your job to focus and hunt the role you are after. Never do that. Follow what this poster has suggested. It's good advice!

Reply With Quote
  #14 (permalink)  
Old 28-07-2015, 02:57 PM
Verified Member
 
Join Date: Jul 2015
Posts: 19
Cassie is on a distinguished road
Default

To be honest my Accountancy degree results are just mediocre. I heard to get into Audit, I need to have top scores?
Reply With Quote
  #15 (permalink)  
Old 28-07-2015, 03:58 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Cassie View Post
It probably maybe, but at least I'll be doing something I enjoy, and in a central location
Also banking experience is worth a lot on my resume
How do you know that you will enjoy banking when you have no experience?
also... many BO positions are not centrally located.
how is banking experience worth a lot on your resume? do you mean that you are attracted to the high salary?
Reply With Quote
  #16 (permalink)  
Old 28-07-2015, 04:09 PM
Verified Member
 
Join Date: Jul 2015
Posts: 19
Cassie is on a distinguished road
Default

I have always wanted to work in a bank since my uni days! The only reason why accepted my current job is to earn enough skills and experience for a bank to consider me. Didn't know most banks don't count it as relevant experience :C

No matter how non centrally located it is, it's nearer than Jurong Island hahaha! Even Changi bizpark is quicker to travel to (I live in the west).

When I say Banking experience is worth a lot, I mean hiring managers like to see it. So any kind of banking experience can open more doors in future.

I'm actually trying to get into AML/Compliance so I'll do anything to get any Banking exp, just so I can aim to apply for AML later.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote

  #17 (permalink)  
Old 28-07-2015, 04:56 PM
Unregistered
Guest
 
Posts: n/a
Default

You mentioned your accounting grades are mediocre. So why would you want to join a bank, where numbers and figures are not your forte? You just want to join a bank, despite having high probability of not performing well? In any case, the glamour of a banking job is like moth to fire.

Word of advice. Try going into companies for finance roles for at least 2 - 3 years experience, before applying for a job in the bank. You seemed to be confused about what you want, only knowing you want to enter the banking industry.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #18 (permalink)  
Old 28-07-2015, 05:18 PM
Unregistered
Guest
 
Posts: n/a
Default

likely u are rejected due to no relevant exp. AML doesnt need accts exec exp. Your accts exec exp will be more suited to an accting role.

advise u to take a look at the requirements, here is an example for citi: ://jobs.citi.com/sg/singapore/anti-money-laundering/jobid7874780-ot-anti-money-laundering-(aml)-operations-analyst-jobs

relevant ones that u dont have are:
Minimal work experience required in Operations environment, willing to learn attitude

Knowledge of AML laws and regulations

Demonstrated ability to perform detailed analysis of raw data based on policy and work instructions


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #19 (permalink)  
Old 28-07-2015, 05:19 PM
Verified Member
 
Join Date: Jul 2015
Posts: 19
Cassie is on a distinguished road
Default

But I'll be so old when I enter the bank :x! haha!
Thank you for your advice.

Meh, a number of schoolmates I have that did worse than me are happily in banks/FI because their daddy play golf with the chairman kind
--
Reply With Quote
  #20 (permalink)  
Old 28-07-2015, 05:23 PM
Verified Member
 
Join Date: Jul 2015
Posts: 19
Cassie is on a distinguished road
Default

Hey there!
I know I'm lacking in the AML field so I've undertaken the ACAMS foundation course with the intention of doing the ACAMS certificate, only they need work experience/credits to enable me to sit for the exams. Also, I'm collecting credits through webinars, but I'm hoping to get some credits from work experience, as the webinars are about US$300 per session.
I've got a chicken and egg issue :x
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Should I start from a System Analyst? alatus Income and Jobs 13 25-03-2016 01:12 AM
Internship at SME VS Start-up yourplaceormine Income and Jobs 3 19-03-2015 12:08 PM
When should I start searching for a new job? verselines Income and Jobs 11 19-05-2014 08:56 AM
Get a fresh start for a new job FreshStartSG Marketplace and Find Work 0 12-07-2013 11:48 PM

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
10,868 Replies, 6,675,539 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,334 Replies, 4,986,494 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,387 Replies, 2,325,577 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,811 Replies, 1,046,144 Views
GovTech ( 1 2 3... Last Page)
5,166 Replies, 2,165,740 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
682 Replies, 389,382 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
208 Replies, 134,810 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,460 Replies, 785,227 Views
Lawyer Salary ( 1 2 3... Last Page)
21,016 Replies, 10,333,195 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,051 Replies, 441,034 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
172 Replies, 309,979 Views
Compare civil service salary ( 1 2 3... Last Page)
16,346 Replies, 12,460,053 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,331 Replies, 1,142,872 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
311 Replies, 369,717 Views
Why Is Having a Google Virtual...
1 Replies, 6,809 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,240 Replies, 3,400,580 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,570 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,584 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,774,232 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,813 Views
Is getting a PMP worth it ?
4 Replies, 7,192 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,896 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,455 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,658,465 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,154 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,864 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 359,129 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,376,146 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 614,119 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,740,215 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:50 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2