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OCBC Graduate Talent Programme 2019 (Previously Young Banker)

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  #851 (permalink)  
Old 01-07-2021, 11:42 AM
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If add you maybe 1?
Got better things to beat off to. Such as my salary.

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  #852 (permalink)  
Old 01-07-2021, 11:51 AM
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Got better things to beat off to. Such as my salary.
1k also want beat off? True peasant pcc king

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  #853 (permalink)  
Old 01-07-2021, 08:06 PM
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What’s the average salary and bonus like for risk function in ocbc for associate/AM?

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  #854 (permalink)  
Old 01-07-2021, 10:49 PM
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This stupid bank has a stupid pay structure. No matter which dept you are from, be it IB or Ops, if you are joining as a fresh grad (aka associate), there is a salary ceiling based on your GPA. So a FCH in ops can earn more than a second upper in IB. If im not mistaken, the current FCH ceiling for associate is 3.6k (unless u are from the grad program).

If you have no prior FULL TIME work experience (btw traineeship is not considered), you will only be considered for associate rank.
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  #855 (permalink)  
Old 02-07-2021, 07:37 AM
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This stupid bank has a stupid pay structure. No matter which dept you are from, be it IB or Ops, if you are joining as a fresh grad (aka associate), there is a salary ceiling based on your GPA. So a FCH in ops can earn more than a second upper in IB. If im not mistaken, the current FCH ceiling for associate is 3.6k (unless u are from the grad program).

If you have no prior FULL TIME work experience (btw traineeship is not considered), you will only be considered for associate rank.
So the bank pay structure is based on GPA and not the division you're in? How does that even make sense?
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  #856 (permalink)  
Old 02-07-2021, 08:41 AM
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So the bank pay structure is based on GPA and not the division you're in? How does that even make sense?
Exactly! Its based on your class of honors, to be precise. You ask the HR lor.. dont know wtf they thinking. Really stupid! How will you feel if you are in FO/IB? Earning the same as cost centres (or even lesser)! No wonder turnover rates are high. Of course, this is based on monthly salary. Bonus is another question, but dont expect the bonus to be “significantly different” as well..


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  #857 (permalink)  
Old 02-07-2021, 08:44 AM
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Exactly! Its based on your class of honors, to be precise. You ask the HR lor.. dont know wtf they thinking. Really stupid! How will you feel if you are in FO/IB? Earning the same as cost centres (or even lesser)! No wonder turnover rates are high. Of course, this is based on monthly salary. Bonus is another question, but dont expect the bonus to be “significantly different” as well..
But do they accept people of lower or no honours into FO/IB in the first place?
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  #858 (permalink)  
Old 02-07-2021, 09:48 AM
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But do they accept people of lower or no honours into FO/IB in the first place?
Probably at least a second upper i guess.. there are FCH in ops also
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  #859 (permalink)  
Old 03-07-2021, 05:33 AM
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What's the salary progression during the OCBC prog and upon graduation as Manager?

1st year (Assoc) - 4.3k
2nd year (Assistant Manager) - ?
3rd year (grad from prog - Manager) - ?
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  #860 (permalink)  
Old 03-07-2021, 03:40 PM
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hey bro, sorry was not clear on my end. i dont work at OCBC but i happen to be browsing diff threads and realize there is a lot of hate on traineeship/trainees, as seen from the previous replies as well.

so i just wanted to share something positive that happened to me because of traineeship. hope you can understand
Hey man, I'm in a similar boat to you as well. I took a traineeship and eventually have been converted and my salary has nearly doubled from the $2500. Honestly, the traineeship is a great way to gain relevant skills and build longer term opportunities. People just need to seize them.
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