Working in a bank

Originally Posted by Unregistered

ur prob is whether any bank even want u, not which bank is good for u...

rude much...

Hi,

I used to work in the finance sector (ops) drawing abt 10k pm.
I left more than a year ago to take care of my child, and I am thinking of going back to the workforce next year.

Given that I have not been working for abt a year, will I still be able to ask for a salary close to my last drawn?

I am contemplating whether to take a (drastic) pay cut to take up jobs with more regular hrs, with little OT. What job options are there?

I am also considering whether to become a teacher. This is like a non U-turn option as I will be bonded for a few years, if I get in. If I want to rejoin other sectors after the bond, I may be considered "too old". I am in my 30s now.

Any good advice? Thanks.

Any advice on the above?

Originally Posted by Unregistered

Hi,

I used to work in the finance sector (ops) drawing abt 10k pm.
I left more than a year ago to take care of my child, and I am thinking of going back to the workforce next year.

Given that I have not been working for abt a year, will I still be able to ask for a salary close to my last drawn?

I am contemplating whether to take a (drastic) pay cut to take up jobs with more regular hrs, with little OT. What job options are there?

I am also considering whether to become a teacher. This is like a non U-turn option as I will be bonded for a few years, if I get in. If I want to rejoin other sectors after the bond, I may be considered "too old". I am in my 30s now.

Any good advice? Thanks.

Truth is you probably don't have a choice, I don't think the banks will accept you back for an ops role with the same pay. This is also compounded by the fact your timing is not right, the banking industry is doing very badly now and most banks are either downsizing or maintaining headcount. Also because SCB & HSBC are doing a major downsizing, there is a massive surge in banking labor supply now.

As for moving to other jobs with work life balance can 9-5 knock off on time, my take is you will be very lucky if you can get back 4-5k. Chances are most other jobs of this nature you will be getting 3k+.

There is close to no chance you're going to get back a well-paying ops job.

I mean, it's ops, and there are no specialized skills involved.

Refer back to your network, and start asking them if there are available jobs. But chances are if you're asking on this forum, your network isn't strong/willing enough to help you.

Originally Posted by Unregistered

There is close to no chance you're going to get back a well-paying ops job.

I mean, it's ops, and there are no specialized skills involved.

Refer back to your network, and start asking them if there are available jobs. But chances are if you're asking on this forum, your network isn't strong/willing enough to help you.

With the poor economic outlook even got connections also hard, ops people are usually not the kind whose connections are high enough to pull the strings to get exceptions. Maybe they can still help a friend to secure an ops opening, but to match previous pay and knock off on time everyday not doable when there are so many ex-banking laid off staff looking for jobs now.

Oh no sounds bleak.

I also think it's difficult to get bk ard the same pay, unless it's a mgt role.

I don't mind taking a pay cut for more regular hrs but ops usu has OT, that's why thinking of going to a different field.

Originally Posted by Unregistered

Oh no sounds bleak.

I also think it's difficult to get bk ard the same pay, unless it's a mgt role.

I don't mind taking a pay cut for more regular hrs but ops usu has OT, that's why thinking of going to a different field.

Realistically speaking if you move on to another job/industry, you are really just a middle aged employee without any relevant experience or skillsets trying to compete with all the fresh grads out there. You mention you are willing to take a paycut, but my sense is you don’t fully appreciate what sort of paycut is required. We are not talking about downgrading from 10k to 8-9k here, likely if you join some junior executive job, the salary will be 2.5-3.5k, even then it’s a tough sell because of your age and requirement not to do OT.

Alternatively you can hold out and try to make use of your banking connection to get you a back office admin based job that can offer you regular working hours without OT. Maybe they can still give some credit for your past experience in banks and at least offer you some sort of experienced associate pay of 4-5k+.

Originally Posted by Unregistered

You can keep ur f***ing comment to yourself, people is just asking a question.

At least the other dude's comment provokes thinking.
Yours added no value.

To the person who asked about joining a bank after graduating from Polytechnic, it may be a bad time to join the industry. Read the news related to the environment.
My suggestion is to cut your teeth in the public sector for a couple of years then move to the finance industry.

hey, could you guys advise me on this. I've been offered compliance analyst and a corporate fraud role in two different local banks.

I'm torn between the two in terms of future prospects and pay...

I've heard compliance is really boring at the beginning but after awhile progression is bright...Corporate fraud - much progression?

In another forum I read pay for entry level compliance analyst in local bank is about 50kpa? so high for a boring job? can someone advise on this?

Some context: Fresh Grad/uk uni/2:1

which would you guys take...