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Originally Posted by Unregistered
Revenue generators are not just RMs, so so so so many people are involved and considered revenue generators. Taking PB as an example, you need investment specialists, product specialists to support the RM and all of them are revenue generators. In SnT, traders are also revenue generators, not just the sales people.
And it certainly may not need that much skills to be a RM (unlike a software engineer), but the barrier to entry to be a RM in PB / Corporate Banking is HIGH. because top students will apply for it and competition is stiff. you simply cannot compare the calibre of people going to AIA/GE to sell insurance and those that are going for PB/Corporate Banking in Banks. And you still need to know some **** in order to sell, esp when you are not just selling insurance to your uncle and auntie but to more sophisticated UHNW or corporate clients.
Strategy roles in banks are also considered support roles.
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Fair enough, I think corporate banking is over rated tbh. IB and private banking definitely stiff competition cos that’s what everyone knows when it comes to banking it’s the top tier roles… but prolly those who cmi to IB and private banking would end up considering corporate banking or retail banking and of course they will be many students who ranges from FCH to mediocre grades which make it more competitive.
But isn’t strategy always deem prestigious too? Maybe when it comes to banks, it becomes less prestigious 😂 end up falls under support role 😬