Any thoughts on OCBC SGUnited Traineeship jobs to share? - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Any thoughts on OCBC SGUnited Traineeship jobs to share?

Reply
 
Thread Tools
  #1 (permalink)  
Old 22-07-2020, 10:25 AM
Verified Member
 
Join Date: Jul 2020
Posts: 28
goespro.tocall is on a distinguished road
Default Any thoughts on OCBC SGUnited Traineeship jobs to share?

Any thoughts on OCBC SGUnited Traineeship jobs to share? Program structure, culture, pay etc...

Reply With Quote
  #2 (permalink)  
Old 22-07-2020, 11:01 AM
Unregistered
Guest
 
Posts: n/a
Default

I am employed in the public sector with some years of non-transferable experience as a paper pusher.

Is it a good idea to join one of these traineeships for retraining? Willing to take the pay cut as "course fees" if they would actually be useful in transitioning into a new industry.

Reply With Quote
  #3 (permalink)  
Old 22-07-2020, 12:07 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am employed in the public sector with some years of non-transferable experience as a paper pusher.

Is it a good idea to join one of these traineeships for retraining? Willing to take the pay cut as "course fees" if they would actually be useful in transitioning into a new industry.
The traineeships are restricted only to graduates within the 19/20 cohort.

In any case, the pathetic allowance is only justifiable if you go through a traineeship that equips you with hard skills. (I.e. VBA, R, SQL, Stata, Matlab)

Reply With Quote
  #4 (permalink)  
Old 22-07-2020, 01:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The traineeships are restricted only to graduates within the 19/20 cohort.

In any case, the pathetic allowance is only justifiable if you go through a traineeship that equips you with hard skills. (I.e. VBA, R, SQL, Stata, Matlab)
Agree. OCBC also unlikely to convert trainees to full time. For me i also think not justifiable unless you are jobless and have no other option


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #5 (permalink)  
Old 22-07-2020, 02:46 PM
Verified Member
 
Join Date: Jul 2020
Posts: 28
goespro.tocall is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Agree. OCBC also unlikely to convert trainees to full time. For me i also think not justifiable unless you are jobless and have no other option
Could you share why you said "unlikely to convert"?
Reply With Quote
  #6 (permalink)  
Old 22-07-2020, 08:35 PM
Unregistered
Guest
 
Posts: n/a
Default

if you have other offers, please consider them. OCBC isn't a company that you will want to associate with
Reply With Quote

  #7 (permalink)  
Old 22-07-2020, 09:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
if you have other offers, please consider them. OCBC isn't a company that you will want to associate with
Please elaborate. Thanks!
Reply With Quote
  #8 (permalink)  
Old 22-07-2020, 09:29 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by goespro.tocall View Post
Could you share why you said "unlikely to convert"?
OCBC takes graduates every year through the graduate talent programme (GTP). These are ppl who pass many interview stages and considered cream of crop type.

So when they have to hire ppl one year from now, they will much prefer cream of crop fresh grads from next years graduating batch instead of converting the 3000 trainees that they took in thanks to heavy gahmen funding for 1 year only.

Bottom line is: Once no more gahmen funding they will let u go.
Reply With Quote
  #9 (permalink)  
Old 23-07-2020, 09:12 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
OCBC takes graduates every year through the graduate talent programme (GTP). These are ppl who pass many interview stages and considered cream of crop type.

So when they have to hire ppl one year from now, they will much prefer cream of crop fresh grads from next years graduating batch instead of converting the 3000 trainees that they took in thanks to heavy gahmen funding for 1 year only.

Bottom line is: Once no more gahmen funding they will let u go.
agreed. the govt funding is 50% of salary and no CPF contribution requirement. can you imagine the amount of cost incurred to convert to full time, including CPF contributions?
trainee: ~2.5k (OCBC pays 1.25k only)
full time: ~3.8k (OCBC pays 4.44k with CPF)
THAT IS 3X THE COST!!

don't forget, they also hired for the GTP. so traineeship is EXTRA hires. they have already fulfilled their talent quota. trainees are like interns, used for short term only.


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #10 (permalink)  
Old 24-07-2020, 05:29 PM
Verified Member
 
Join Date: Jul 2020
Posts: 28
goespro.tocall is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
agreed. the govt funding is 50% of salary and no CPF contribution requirement. can you imagine the amount of cost incurred to convert to full time, including CPF contributions?
trainee: ~2.5k (OCBC pays 1.25k only)
full time: ~3.8k (OCBC pays 4.44k with CPF)
THAT IS 3X THE COST!!

don't forget, they also hired for the GTP. so traineeship is EXTRA hires. they have already fulfilled their talent quota. trainees are like interns, used for short term only.
Wow looks like that route is quite no hope then.

Any good ways for engine background to enter banking sector mid-career?
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
#SGUnited Retail Banking Jobs grado Marketplace and Find Work 1 29-04-2020 02:25 PM
#SGUnited Trade Support Jobs grado Marketplace and Find Work 0 24-04-2020 11:32 AM
#SGUnited Settlements Jobs grado Marketplace and Find Work 0 24-04-2020 11:24 AM
#SGUnited High Net Worth Jobs grado Marketplace and Find Work 0 24-04-2020 11:17 AM
#SGUnited Derivatives Jobs grado Marketplace and Find Work 0 24-04-2020 11:11 AM

» 30 Recent Threads
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
209 Replies, 7,588 Views
ST Electronics ( 1 2 3... Last Page)
1,306 Replies, 319,100 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
454 Replies, 145,466 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
3,943 Replies, 1,400,961 Views
Dsta ( 1 2 3... Last Page)
881 Replies, 602,900 Views
Career as Teacher ( 1 2 3... Last Page)
3,017 Replies, 1,889,730 Views
Job Application with MOE... ( 1 2 3... Last Page)
270 Replies, 241,565 Views
Lawyer Salary ( 1 2 3... Last Page)
10,002 Replies, 3,339,080 Views
How much do you earn and save? ( 1 2 3... Last Page)
199 Replies, 41,160 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,853 Replies, 1,239,341 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,693 Replies, 1,055,225 Views
Compare civil service salary ( 1 2 3... Last Page)
11,161 Replies, 6,216,411 Views
UOB Management Associate Program ( 1 2 3... Last Page)
355 Replies, 204,758 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,108 Replies, 866,544 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,562 Replies, 2,115,667 Views
How long does uob get back to you...
8 Replies, 1,382 Views
Mortgage Specialist Role.
3 Replies, 1,855 Views
GovTech career grade ( 1 2 3... Last Page)
173 Replies, 183,744 Views
High Finance Thread ( 1 2 3... Last Page)
155 Replies, 36,730 Views
Singtel Management Associate... ( 1 2 3... Last Page)
180 Replies, 104,504 Views
Starting pay for fresh uni grad... ( 1 2 3... Last Page)
67 Replies, 5,953 Views
Lonza Biotechnologist
0 Replies, 67 Views
MOH Graduate Studies Scholarship ( 1 2)
15 Replies, 16,152 Views
Third Class Honours/Second Lower... ( 1 2 3)
29 Replies, 27,384 Views
SEA Limited
6 Replies, 1,558 Views
Audit DGS
0 Replies, 76 Views
Starting new employment while...
6 Replies, 316 Views
Big4 Tax Career Prospect
4 Replies, 2,318 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:45 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2