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OCBC Graduate Talent Programme 2019 (Previously Young Banker)

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  #591 (permalink)  
Old 11-02-2021, 01:23 AM
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Most foreign banks don't even have BO in SG, because SG is too expensive a location to set up BO plus SG is only a small market for them, so not worth to set up BO here. There are cheaper countries like India and if they really want their BO to be in SEA, they can choose Malaysia. All 3 SG banks have BO here because well, they are headquartered here and SG is their main market, for both corporate and retail sides. Their FO and MO are all in CBD. OCBC and UOB have their own buildings at Raffles Place while DBS is in MBFC. Their back offices are all located very, very far from the CBD, like Tampines. Very inaccessible but so long as the rent is cheap, that's all that matters. The offices are more poorly furnished and crowded than their front and middle offices too. It is clear that senior management views BO as cost centre and adopt a cost-cutting approach towards BO departments. When headcount or bonuses need to be cut, you can be sure BO will take the first hit.
try harder again next time

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  #592 (permalink)  
Old 11-02-2021, 08:40 AM
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Most foreign banks don't even have BO in SG, because SG is too expensive a location to set up BO plus SG is only a small market for them, so not worth to set up BO here. There are cheaper countries like India and if they really want their BO to be in SEA, they can choose Malaysia. All 3 SG banks have BO here because well, they are headquartered here and SG is their main market, for both corporate and retail sides. Their FO and MO are all in CBD. OCBC and UOB have their own buildings at Raffles Place while DBS is in MBFC. Their back offices are all located very, very far from the CBD, like Tampines. Very inaccessible but so long as the rent is cheap, that's all that matters. The offices are more poorly furnished and crowded than their front and middle offices too. It is clear that senior management views BO as cost centre and adopt a cost-cutting approach towards BO departments. When headcount or bonuses need to be cut, you can be sure BO will take the first hit.
Full of rubbish



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  #593 (permalink)  
Old 11-02-2021, 10:13 PM
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The heyday of SG banking is over. Banks are no longer as attractive as they were during the boomer generation, when bonuses could go up to 6 months, even in ops. You would be lucky if you could get 2 months bonus in a local bank. Plus don't forget, all three don't give 13th month bonus, so really it's just 1 month bonus. Tech, e-commerce, commodities, trading firms, that's where the money is in this era.

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  #594 (permalink)  
Old 14-02-2021, 09:48 AM
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The heyday of SG banking is over. Banks are no longer as attractive as they were during the boomer generation, when bonuses could go up to 6 months, even in ops. You would be lucky if you could get 2 months bonus in a local bank. Plus don't forget, all three don't give 13th month bonus, so really it's just 1 month bonus. Tech, e-commerce, commodities, trading firms, that's where the money is in this era.
You know it's over when public sector jobs pay just as well as the local banks. Plus these guys get mid-year bonus, year-end bonus and 13th-month bonus. In a normal economic year, this works out to be about 2 months already. Haven't even counted the variable performance bonus yet. Some time ago MAS used to be a dumping ground, but today the hierarchy is BB>MAS>DBS/OCBC/UOB. MAS salary package today is way better than the 3 local banks.... But don't take my word for it, I urge all those considering OCBC GTP and DBS GA to ask the HR during the interview process 2 questions, 1. Is there 13th month bonus? 2. What is the variable bonus like over the past 5 years? HR will likely try to fudge some vague answer to 2 by saying depends on your division and performance, so be specific about it, specify the division and request for average figure, in other words what did the average performer get on average over the last 5 years in the division you are applying to.
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  #595 (permalink)  
Old 14-02-2021, 10:22 AM
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You know it's over when public sector jobs pay just as well as the local banks. Plus these guys get mid-year bonus, year-end bonus and 13th-month bonus. In a normal economic year, this works out to be about 2 months already. Haven't even counted the variable performance bonus yet. Some time ago MAS used to be a dumping ground, but today the hierarchy is BB>MAS>DBS/OCBC/UOB. MAS salary package today is way better than the 3 local banks.... But don't take my word for it, I urge all those considering OCBC GTP and DBS GA to ask the HR during the interview process 2 questions, 1. Is there 13th month bonus? 2. What is the variable bonus like over the past 5 years? HR will likely try to fudge some vague answer to 2 by saying depends on your division and performance, so be specific about it, specify the division and request for average figure, in other words what did the average performer get on average over the last 5 years in the division you are applying to.
But MAS no chiobu bankers to beo, boooo
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  #596 (permalink)  
Old 16-02-2021, 02:05 PM
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Any thoughts on group finance division?
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  #597 (permalink)  
Old 16-02-2021, 02:12 PM
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Any updates?
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  #598 (permalink)  
Old 16-02-2021, 05:56 PM
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Any updates?
update what ?
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  #599 (permalink)  
Old 16-02-2021, 08:01 PM
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Any updates?
Lol still haven't hear back? Gone case alr la even local bank also dun wan u
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  #600 (permalink)  
Old 16-02-2021, 08:53 PM
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Lol still haven't hear back? Gone case alr la even local bank also dun wan u
Jin jialat manz, OCBC is the worst of the local banks already. Perhaps can consider applying for safety distancing ambassador.
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