Originally Posted by Unregistered

Yep. Local bank titles are inflated because half the bank are AVPs, and M6 doesn't manage anyone except for herself. Not just Managers but Some AVPs have no one reporting to them as well. Also agree that the bank pays to prevent brain drain. Doesn't make sense to invest so much in your MAs only to have them poached by another employer. It's like being suckered because you spend so much time and money only to have a competitor swoop in and say thanks dude for saving me the trouble of training this guy up. Also GTs are NOT MAs. The programme is called Graduate Talent Programme (formerly Young Bankers Programme). However, there was a programme a few years back by OCBC that was literally called Post Graduate Management Associate (PGMA) programme. This programme no longer exists today. Apparently I heard it's because the post-programme attrition rate was ridiculously high. OCBC being a local bank will always struggle to retain top talent. The culture in an international bank or MNC is way more dynamic and meritocratic. People care less about face and seniority. Local banks are also known to keep their staff even in bad times, such as the current covid crisis. Retrenchment is practically unheard of. This is a double-edged sword, for while staff morale is kept high, top performers will not be paid what they're truly worth, because funds that would otherwise be used to reward these stars are diverted to keep cows. In a more competitive firm, such cows are shed like ballast during a storm so top performers can continue to be paid top dollar, and this serves to attract the top performers in other firms. According to my sources, this is already happening in the local banks. Tiagong DBS tech side is losing alot of staff after paying terrible bonuses and increments....