Working in a bank

Originally Posted by Unregistered

How does working in a bank (roles for commoners like back office) compare to working in govt job? Both have opportunities to progress just that banking more volatile only right?

banking has more chio bu's. gahmen got old grumpy aunties. take your pick.

the "volatility" is exaggerated. the last major retrenchment was a long long time ago. with a perpetually booming housing market in Singapore, all banks here will prosper just on giving out housing loans alone. there will never be a retrenchment exercise again. ever.

Originally Posted by Unregistered

banking has more chio bu's. gahmen got old grumpy aunties. take your pick.

the "volatility" is exaggerated. the last major retrenchment was a long long time ago. with a perpetually booming housing market in Singapore, all banks here will prosper just on giving out housing loans alone. there will never be a retrenchment exercise again. ever.

Yea all this volatility crap talk is not seeing things in perspective. In average banks pay 3 - 4 times the pay of other jobs, even if you end up getting retrenched and spend 75% time unemployed, the total pay will still be the same as a engineer or executive working 100% time.

This month, two banks have retrenched its staff. One of them is doing it worldwide (a quick check on the internet will tell you which bank it is). The other bank is pulling its back and middle office out of Singapore (this is a smaller bank but those keeping in touch with business news will know).

All the indicators about the financial services show that its contracting.

I'm not saying that financial and banking sector is not lucrative. Some banks are expanding, yesterday a headhunter called me for a position in the sector. But my point is that one should evaluate the ups and downs of the industry carefully using concrete data and reasons.

I can't help but emphasize that sweeping hearsays from others (including the naysayers) do not assist but muddle the picture.

Bottom line: banks pay very well and it has _some_ volatility in terms of getting retrenched. Overall still an extremely lucrative sector to be in.

Much better than engineering any day (which suffers from WORSE volatility -- fact)

Bottom line is simple, banks have a slightly higher chance of retrench but a enormously higher pay package. Banks are the place to go for those who want to make it big.

The fact is every sinkie is trying to get into a bank, facts are louder than opinions. Most naysayers are just sour grape because they know they cant get into a bank.

[Wiseman1]

To choose to work in a bank is a no brainer! Just picture the following:

1. Fat pay cheque
2. Swanky downtown office for workplace
3. Dress in slick business wear
4. Work alongside young nubile chiobus

Which other careers offer you all these??????????????????

Originally Posted by ericgohjunhui

what is meant by operation job?

Back office lor

Originally Posted by Unregistered

This month, two banks have retrenched its staff. One of them is doing it worldwide (a quick check on the internet will tell you which bank it is). The other bank is pulling its back and middle office out of Singapore (this is a smaller bank but those keeping in touch with business news will know).

All the indicators about the financial services show that its contracting.

I'm not saying that financial and banking sector is not lucrative. Some banks are expanding, yesterday a headhunter called me for a position in the sector. But my point is that one should evaluate the ups and downs of the industry carefully using concrete data and reasons.

I can't help but emphasize that sweeping hearsays from others (including the naysayers) do not assist but muddle the picture.

I agree with u at 100%, and im a banker reading some nonsense students' replies

Originally Posted by Unregistered

lol go **** yourself lah. 400k SGD with 3 years experience. you have no idea what you're talking about, please don't sabo the guy.

Lol
400k sgd... Lol

Originally Posted by Unregistered

Yea all this volatility crap talk is not seeing things in perspective. In average banks pay 3 - 4 times the pay of other jobs, even if you end up getting retrenched and spend 75% time unemployed, the total pay will still be the same as a engineer or executive working 100% time.

You earn more yet u will spend more..you will still be in deep **** when u r retrenched.
Maybe u should go CS or dbs take a look. You b shocked not to see chiobus but aunties.. Doubt u will know this cos u nvr work in bank..even if so, u shld b in consumer or enterprise banking..lol..noob