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OCBC Graduate Talent Programme 2019 (Previously Young Banker)

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  #601 (permalink)  
Old 17-02-2021, 11:08 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.
totally agree. Nowadays some employers like to say they have factored in 13th month bonus into base salary. If so, a job applicant must take into consideration this when comparing with another job that does pay 13th month. Assuming 2nd upper applying for GTP - 4100 x 12 / 13 = 3785. So you are only being paid $3785 if you do get 13th month. I believe this is a smart marketing ploy, because 4k is a big psychological milestone. By putting 13th month into base salary, HR can raise a salary that's not even 3.8k past the 4k mark. Local banks give low variable bonuses too so that must be accounted for as well.

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  #602 (permalink)  
Old 17-02-2021, 11:14 AM
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Always better to take salary over 12 months than 13 months. 3875 is still better than Development Bank of India

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  #603 (permalink)  
Old 17-02-2021, 11:56 AM
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totally agree. Nowadays some employers like to say they have factored in 13th month bonus into base salary. If so, a job applicant must take into consideration this when comparing with another job that does pay 13th month. Assuming 2nd upper applying for GTP - 4100 x 12 / 13 = 3785. So you are only being paid $3785 if you do get 13th month. I believe this is a smart marketing ploy, because 4k is a big psychological milestone. By putting 13th month into base salary, HR can raise a salary that's not even 3.8k past the 4k mark. Local banks give low variable bonuses too so that must be accounted for as well.
Why Singaporean so calculative?
Then you should also consider than when you get 4k base. It's actually
4680k cause employer have to pay 17%. But instead of claiming their pay is 4680, Singaporean complain that they take home pay is only 3.2k for 4k base salary.

Fact is
Base : 4k
Actual pay: 4680
Take home pay complaint : only 3200

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  #604 (permalink)  
Old 17-02-2021, 12:28 PM
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Why Singaporean so calculative?
Then you should also consider than when you get 4k base. It's actually
4680k cause employer have to pay 17%. But instead of claiming their pay is 4680, Singaporean complain that they take home pay is only 3.2k for 4k base salary.

Fact is
Base : 4k
Actual pay: 4680
Take home pay complaint : only 3200
What's wrong with being calculative? Bro this a jobs forum not charity forum, of course we compare salary lah!
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  #605 (permalink)  
Old 17-02-2021, 01:41 PM
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What's wrong with being calculative? Bro this a jobs forum not charity forum, of course we compare salary lah!
You mean compare fake salary?
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  #606 (permalink)  
Old 17-02-2021, 02:05 PM
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totally agree. Nowadays some employers like to say they have factored in 13th month bonus into base salary. If so, a job applicant must take into consideration this when comparing with another job that does pay 13th month. Assuming 2nd upper applying for GTP - 4100 x 12 / 13 = 3785. So you are only being paid $3785 if you do get 13th month. I believe this is a smart marketing ploy, because 4k is a big psychological milestone. By putting 13th month into base salary, HR can raise a salary that's not even 3.8k past the 4k mark. Local banks give low variable bonuses too so that must be accounted for as well.
Do foreign banks pay 13th month?
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  #607 (permalink)  
Old 17-02-2021, 02:35 PM
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So many salty people who didn't get into the program

Down here kpkb
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  #608 (permalink)  
Old 17-02-2021, 04:30 PM
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So many salty people who didn't get into the program

Down here kpkb
Yeah my sweat taste salty.
If you're sweet people, might be diabetic.
Be careful.
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  #609 (permalink)  
Old 24-02-2021, 10:24 PM
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Sorry sidetrack from the thread a bit, what do you all think of the BOS Corporate Analyst programme?

Is it more like an MA programme compared to GTP? Is there more room for progression/fast track and increment/bonus?
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  #610 (permalink)  
Old 25-02-2021, 07:49 PM
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Sorry sidetrack from the thread a bit, what do you all think of the BOS Corporate Analyst programme?

Is it more like an MA programme compared to GTP? Is there more room for progression/fast track and increment/bonus?
Is it even open for application now?
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