What kind of grad program are you referring to? MBA?

Well, from what I understand no.

Few years ago when they were looking for people, they tried to package the whole recruitment mambo jambo with series of test assessment, interviews, group presentations, yada yada and brand it as some management associate program. End of the day, the candidates were all pre-selected from people already working inside, it's just to make them look good. It's nothing like those in Goldman's interview. As such, the final candidates weren't the best you can get, some not even average, (there are many who got in without even an honours from a local university).

Recently, I believe they even scale down the recruitment process. Simply get someone from the inside to refer candidates. The end results are the same anyway.

Those that got in earlier have above average fresh grad's salary but lacked competitive increment. Now, it seems they have significant lowered the fresh grad salary to be in tandem with the local market.