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OCBC Graduate Talent Programme 2019 (Previously Young Banker)

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  #431 (permalink)  
Old 15-01-2021, 07:12 PM
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Yes tech in local bank is bad as well. Firstly, the systems in use are mostly legacy systems that have existed since the 20th century. Such systems are archaic, have their own scripts and languages and are not open source. What this means is that whatever you learn about these systems will not be useful in almost any other company (except for other companies that use the same system, which is at most 2, UOB and DBS). Secondly, even if the local banks want to power ahead with digitisation and innovation, they are hamstrung by MAS regulations, which impose the highest levels of cyber security. While most companies are free to host their data online through cutting edge cloud services such as AWS or Microsoft Azure, I'm quite sure local banks are not free to do so, as customer banking details are deemed far too sensitive to be sitting in some server room in a foreign country, to which MAS, SPF and the banks themselves have no physical access. This is just one example of banking regulations stifling digital innovation. If you want more examples, you may want to check out Jack Ma's rant against the Chinese banks. The same gripes can be levelled at our local banks. Don't get me wrong though, I'm not taking his side, or any side. I'm simply making the point that digital transformation is hampered by regulations and cybersecurity concerns in a local bank. Thirdly, contrary to your statement, banks (at least the local banks) do not need to compete for top tech talent, because most of their IT systems are not developed in-house. They only need managers who can manage the vendors who develop the systems. Lastly, even if banks wished to hire quality tech talent, they are not paying enough and the work is unattractive and boring. When GTP 2021 starts, take a look around you and see how many tech GTs graduated from NUS/NTU com science. Likely 0. As a CS grad, a local bank would be one of the worst places to work in. And 4.6k is not nearly enough to attract a local CS grad. I don't think OCBC, DBS or UOB have managed to hire a single local uni CS grad through their fresh grad programmes in the last few years, and with demand for such talent continuing to heat up, their failure to attract such talent would likely continue.
I see. Actually for DBS SEED, there are quite a lot of CS graduates taking up the job at 5k/month. Although I'm sure the top talent are going to other places.

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  #432 (permalink)  
Old 15-01-2021, 08:12 PM
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Didn't get selected. Congrats those to have gotten calls!!

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  #433 (permalink)  
Old 15-01-2021, 08:34 PM
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Didn't get selected. Congrats those to have gotten calls!!
They sent you email for rejection? Because i dont think they selected all people yet

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  #434 (permalink)  
Old 15-01-2021, 10:44 PM
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Hi, for those who are offered, when did yall have your panel interview and what division did yall apply to?
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  #435 (permalink)  
Old 15-01-2021, 11:04 PM
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Offered $3200. Second upper uol. Times are bad so took up the offer even with such pay and with uol being a inferior degree.
Donít troll please. Comp is pegged to honours regardless of degree. Have since graduated from the program and have friends from UOL/RMIT.
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  #436 (permalink)  
Old 15-01-2021, 11:16 PM
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Hi, for those who are offered, when did yall have your panel interview and what division did yall apply to?
I had it yesterday, got the offer today. Mine's in technology.
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  #437 (permalink)  
Old 16-01-2021, 12:20 AM
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I had it yesterday, got the offer today. Mine's in technology.
Congrats mann!! Haha what questions did they ask you! Was it chill or toughsss!
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  #438 (permalink)  
Old 16-01-2021, 10:57 AM
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What kind of questions do they ask for the Hr interview?
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  #439 (permalink)  
Old 16-01-2021, 11:00 AM
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Donít troll please. Comp is pegged to honours regardless of degree. Have since graduated from the program and have friends from UOL/RMIT.
then its obvious the program is not too selective when there are UOL and RMIT.. my hopes are up now.
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  #440 (permalink)  
Old 16-01-2021, 11:04 AM
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This year would be particularly selective.
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