OCBC Graduate Talent Programme 2019 (Previously Young Banker)

Originally Posted by Unregistered

no increment during programme
20% increment 6 months after graduating from the programme
graduation bonus of 3 months (subject to staying 1 year after programme)

Thx for sharing.. Same across all departments?

Is there AWS?

No aws. Try to avoid ops and tech if you can. The more prestigious ones are Treasury and Corporate Banking.

whats wrong with ops and tech??

Originally Posted by Unregistered

whats wrong with ops and tech??

outsourced to Pune and mumbai

still have some people in Chennai Business Park (CBP) and Mumbai Business City (MBC)

[jackcrypto]

will headcount get slashed this year?

Originally Posted by jackcrypto

will headcount get slashed this year?

all 3 local banks promised not to cut jobs.

but that's because they rescinded some offers from the incoming batch.

OCBC froze the entire consumer and corporate banking headcount

Don't know where you got your source from regarding OCBC freezing headcount. Anyway, even without the three local banks promising not to cut jobs during this crisis, they already have a reputation of offering high job stability. Vis-a-vis most international banks and especially the bulge bracket, two things stand out. One, their much lower retrenchment rates and two, the much higher average tenure of their employees. This means great job stability, but that's just one side of the coin. The flip side is the much lower bonus payouts, generally inferior salaries and lack of dynamism. You cannot have your cake and eat it; if you pledge zero job cuts, that means even your bottom performers don't get cut and that means deadweight that you can't shed. While many companies are busy restructuring and retrenching to stay competitive and better position themselves for the eventual recovery, the three local banks have decided to take a different approach. This approach is reflective of the broader Asian boomer culture within the local banks, which is characterised by risk aversion, rigidity and resistance to change. When you join a local bank, you are choosing stability over dynamism.

Originally Posted by Unregistered

Don't know where you got your source from regarding OCBC freezing headcount. Anyway, even without the three local banks promising not to cut jobs during this crisis, they already have a reputation of offering high job stability. Vis-a-vis most international banks and especially the bulge bracket, two things stand out. One, their much lower retrenchment rates and two, the much higher average tenure of their employees. This means great job stability, but that's just one side of the coin. The flip side is the much lower bonus payouts, generally inferior salaries and lack of dynamism. You cannot have your cake and eat it; if you pledge zero job cuts, that means even your bottom performers don't get cut and that means deadweight that you can't shed. While many companies are busy restructuring and retrenching to stay competitive and better position themselves for the eventual recovery, the three local banks have decided to take a different approach. This approach is reflective of the broader Asian boomer culture within the local banks, which is characterised by risk aversion, rigidity and resistance to change. When you join a local bank, you are choosing stability over dynamism.

Anyone not choose stability especially this year and the next few years, ****ing stupid