Working in a bank

Jesus Christ, is there a need for a MO guy with 1 year of experience and barely making bank to buy brioni suits?

Originally Posted by Unregistered

Jesus Christ, is there a need for a MO guy with 1 year of experience and barely making bank to buy brioni suits?

Read carefully:

Originally Posted by Unregistered

I'm not a freshie. I have more than a year of experience.

Originally Posted by Unregistered

I'm a manufacturing planner in Exxon. My basic is 98k per annum excluding car allowance. Last draw bonus was 11 months. I am in the HR round with Barclays. Does anyone knows how much a director in trade control dept gets paid?

15-20k. Bonus I am not sure.

Hey, there are loads of sim grads in BB MO.... only because many people consider AML/compliance and contract roles to be MO. Technically it isnt wrong based on their definition, but if you just want to base on pay alone, these roles pay as much as ops and certainly way below tech, both of which are considered back office.

Tech roles can pay pretty well in BB, that's for sure.

If these SIM folks are so smug just cos their idea of MO is compliance and not something like treasury then it's epic hilarious.

Originally Posted by Unregistered

Hey, there are loads of sim grads in BB MO.... only because many people consider AML/compliance and contract roles to be MO. Technically it isnt wrong based on their definition, but if you just want to base on pay alone, these roles pay as much as ops and certainly way below tech, both of which are considered back office.

Delusional

Regional Graduate Program Singapore-Assistant Claims Handler
s://.linkedin.com/jobs2/view/153590554

Regional Graduate Program Singapore-Junior UW MidCorporate
s://.linkedin.com/jobs2/view/153590503

Regional Graduate Program Singapore-Junior UW Engineering
s://.linkedin.com/jobs2/view/153590562

Banking is a mature and dying industry. Slow growth in banking as seen in all the recent cost cuttings and reduction of headcounts throughout all bb banks. The future of banking will be technology. Those interested in banking should go do some IT or algorithm training as most other functions can be replaced with technology. Even bankers can be replaced with software that creates portfolios for clients based on their answers to the questionnaire. RBS replaced 500 bankers with that.

Originally Posted by Unregistered

Banking is a mature and dying industry. Slow growth in banking as seen in all the recent cost cuttings and reduction of headcounts throughout all bb banks. The future of banking will be technology. Those interested in banking should go do some IT or algorithm training as most other functions can be replaced with technology. Even bankers can be replaced with software that creates portfolios for clients based on their answers to the questionnaire. RBS replaced 500 bankers with that.

The most intellectually-deficient sweeping statement I have read this year haha

Originally Posted by Unregistered

Banking is a mature and dying industry. Slow growth in banking as seen in all the recent cost cuttings and reduction of headcounts throughout all bb banks. The future of banking will be technology. Those interested in banking should go do some IT or algorithm training as most other functions can be replaced with technology. Even bankers can be replaced with software that creates portfolios for clients based on their answers to the questionnaire. RBS replaced 500 bankers with that.

I doubt it will happen in the next 5-10 years. However, may happen 10 years from now. This poster is at least 10 years ahead of the curve. Meanwhile all the bankers can continue earning big bucks for at least 10 years. This info should be useful for the next generation of people trying to enter banking. They may find more success studying subjects related to IT as our worlds get more and more computerized. Even cars can drive themselves now. We are moving into a new world. The same computerization process will happen to banking eventually. Just not so soon