OCBC Graduate Talent Programme 2019 (Previously Young Banker)

For those who haven't got a job, I suggest you can try applying for this GTP/MAP.

Looks like they are still hiring, probably due the number of vacancies open across functions, but seems like certain functions are not hiring anymore.

Salary is the same (FCH 4.6k), you can see this in their mycareersfuture posting lol.

Ohh I see! Thank you so much for the tips! Will prep some examples hahaha

Anyone waiting for outcome after panel interview? How long do they usually take to accept/ reject?

Originally Posted by Unregistered

For those who haven't got a job, I suggest you can try applying for this GTP/MAP.

Looks like they are still hiring, probably due the number of vacancies open across functions, but seems like certain functions are not hiring anymore.

Salary is the same (FCH 4.6k), you can see this in their mycareersfuture posting lol.

Seems like most of the vacancies are in ops and tech (O&T), also consumer financial services (CFS). These are the 2 biggest divisions in the bank, so their recruitment are the biggest as well. However, both are relatively unattractive compared to divisions like global corporate banking (GCB), group finance and group treasury. Ops and tech is considered back office, where the work is unexciting and progression is slow. Consequently, it has high attrition, but those who stay 5 years or more tend to stay in a back office role for life because at the 5-year mark they have priced themselves out of the job market. CFS is slightly better, but not ideal for a long-term career in finance. Being one of the Big Three local banks, retail banking customers (aka the average Singaporean) make up a large part of the bank's revenue. But generally speaking, it is more lucrative to be financing corporates than the guy on the street. The finance knowledge and skills you learn in corporate banking are more sophisticated than in retail banking.

Originally Posted by Unregistered

Seems like most of the vacancies are in ops and tech (O&T), also consumer financial services (CFS). These are the 2 biggest divisions in the bank, so their recruitment are the biggest as well. However, both are relatively unattractive compared to divisions like global corporate banking (GCB), group finance and group treasury. Ops and tech is considered back office, where the work is unexciting and progression is slow. Consequently, it has high attrition, but those who stay 5 years or more tend to stay in a back office role for life because at the 5-year mark they have priced themselves out of the job market. CFS is slightly better, but not ideal for a long-term career in finance. Being one of the Big Three local banks, retail banking customers (aka the average Singaporean) make up a large part of the bank's revenue. But generally speaking, it is more lucrative to be financing corporates than the guy on the street. The finance knowledge and skills you learn in corporate banking are more sophisticated than in retail banking.

How about other divisions like risk?

Hows the progression like for this program?

I saw so many graduates in this program becoming assistant managers after 1 year into the program. Why is that so? What is the hierarchy like?

Originally Posted by Unregistered

Hows the progression like for this program?

I saw so many graduates in this program becoming assistant managers after 1 year into the program. Why is that so? What is the hierarchy like?

Usually banks their title quite inflated one. So it doesnt matter

Originally Posted by Unregistered

Usually banks their title quite inflated one. So it doesnt matter

Not true though. If you entered as a direct hire as an associate in OCBC like what my friend did you also wont be promoted that fast. Looks like its only for this program...

Originally Posted by Unregistered

Not true though. If you entered as a direct hire as an associate in OCBC like what my friend did you also wont be promoted that fast. Looks like its only for this program...

Not true. Everyone gets promoted at the end of their first year to Assistant Manager, whether you're in this programme or not. After that it depends a lot on your division. In general, back office role like operations has slower progression. The fastest way to rise is to perform well in a front office sales role, meaning an excellent relationship manager that brings in good profits.

Anyone knows what is the pay progression for entry level O&T roles?