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Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks)

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  #161 (permalink)  
Old 12-07-2020, 07:45 PM
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Why is OCBC often touted as the worst local bank to join?

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  #162 (permalink)  
Old 12-07-2020, 11:04 PM
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Why is OCBC often touted as the worst local bank to join?
Is it? I thought OCBC is better than dbs.

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  #163 (permalink)  
Old 13-07-2020, 11:11 AM
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you must be kidding. everyone knows DBS > UOB > OCBC in terms of local bank prestige

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  #164 (permalink)  
Old 13-07-2020, 03:29 PM
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You have 2 choices.

1) Since you have <2 years of work experience, try applying for banking graduate programmes and hope they notice you for your Big 4 experience.

2) Ask your manager for possible transfer to Financial Services audit.
Appreciate the advices! Since I want to have a career in finance, would it be good to ask for a transfer into advisory (but I know it is more competitive to get in than audit). Also, I have tried to apply for banking graduate programmes but no luck. Does it make a difference if I leave big 4 into a BB MO/FO job after 1.5/2 years in terms of career progression & salary-wise?

Once again thank you & happy to hear many more advices or insights from you/anyone.

-Private Uni (SIM-UOL), big 4 audit associate with close to 1 year experience.
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  #165 (permalink)  
Old 13-07-2020, 04:41 PM
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you must be kidding. everyone knows DBS > UOB > OCBC in terms of local bank prestige
Hi, I am not the previous poster.
Could you explain the order of prestige? Seen many posts around on this but none explains why.
Thanks
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  #166 (permalink)  
Old 13-07-2020, 08:13 PM
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Appreciate the advices! Since I want to have a career in finance, would it be good to ask for a transfer into advisory (but I know it is more competitive to get in than audit). Also, I have tried to apply for banking graduate programmes but no luck. Does it make a difference if I leave big 4 into a BB MO/FO job after 1.5/2 years in terms of career progression & salary-wise?

Once again thank you & happy to hear many more advices or insights from you/anyone.

-Private Uni (SIM-UOL), big 4 audit associate with close to 1 year experience.
I'm the guy who replied to you. It would definitely be great if you can enter something like transaction advisory. For career progression, I can't say much because that depends on the individual. But salary-wise, the advantage is that as an experienced hire, you have more room to negotiate your salary as compared to someone who was a fresh hire in the bank.
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  #167 (permalink)  
Old 14-07-2020, 06:08 PM
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Hi, I am not the previous poster.
Could you explain the order of prestige? Seen many posts around on this but none explains why.
Thanks
I didn't post the rankings, but I agree. I started my career in SCB, then HSBC, OCBC and finally now DBS. It's been 12 years. DBS behaves a lot more like an international bank. There are SOPs, proper systems, decent technology, and good pay/welfare. Office is amazing. Cultural is diverse, got expats, got locals. I quit OCBC after 9 months to join DBS. OCBC culture is horrible, mostly local Chinese (I am chinese too) who shake leg everyday, manual processes, pay isn't great, senior management isn't inspiring. TLDR, I didn't see OCBC moving in the direction that I had hoped. No comments on UOB though, but I reckon it is more similar to OCBC than DBS.
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  #168 (permalink)  
Old 15-07-2020, 06:09 PM
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Guys, is it easy to enter local banks or even foreign banks if u started off in jap bank?
Iíve seen some bad comments about jap banks.. their increment and promotion r very slow... but if eventually, one wanna move over to local or foreign banks, still possible? Seems like prestige is important

Talking about middle office risk role....
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  #169 (permalink)  
Old 15-07-2020, 06:47 PM
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Originally Posted by Unregistered View Post
Guys, is it easy to enter local banks or even foreign banks if u started off in jap bank?
Iíve seen some bad comments about jap banks.. their increment and promotion r very slow... but if eventually, one wanna move over to local or foreign banks, still possible? Seems like prestige is important

Talking about middle office risk role....
Are you a local or private uni grad?
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  #170 (permalink)  
Old 15-07-2020, 07:30 PM
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Originally Posted by sinkingfeeling View Post
Are you a local or private uni grad?
Local banks and foreign banks donít employ private grad ? Even got working experience?

Private uni....
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