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...



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


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
  #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
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.
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 3 28-02-2022 12:52 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
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,181 Replies, 2,886,713 Views
IMDA (under MCI) ( 1 2 3... Last Page)
354 Replies, 181,014 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,398 Replies, 1,168,614 Views
20% salary bump? ( 1 2)
19 Replies, 4,992 Views
Lawyer Salary ( 1 2 3... Last Page)
18,042 Replies, 7,128,923 Views
Engineer Pay ( 1 2 3... Last Page)
524 Replies, 285,042 Views
RM Salaries and Commissions
0 Replies, 44 Views
What are some good non-fang tech... ( 1 2 3... Last Page)
71 Replies, 18,571 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
965 Replies, 658,388 Views
Be a commodities trader ( 1 2 3... Last Page)
223 Replies, 216,239 Views
jobs at Tech companies
4 Replies, 3,205 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,042 Replies, 252,968 Views
Career as Teacher ( 1 2 3... Last Page)
6,215 Replies, 3,937,175 Views
Bnp paribas graduate ( 1 2 3... Last Page)
194 Replies, 113,932 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,494 Replies, 725,086 Views
Credit Suisse ( 1 2)
14 Replies, 5,663 Views
Micron starting pay ( 1 2 3... Last Page)
562 Replies, 215,092 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
341 Replies, 110,420 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
560 Replies, 232,974 Views
How much do you earn and save? ( 1 2 3... Last Page)
385 Replies, 181,741 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,475 Replies, 2,532,418 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
351 Replies, 143,274 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
729 Replies, 205,092 Views
Compare civil service salary ( 1 2 3... Last Page)
14,844 Replies, 9,609,813 Views
ST Electronics ( 1 2 3... Last Page)
3,141 Replies, 955,993 Views
Relationship manager / Personal... ( 1 2 3... Last Page)
49 Replies, 51,121 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
146 Replies, 143,298 Views
Job Application with MOE... ( 1 2 3... Last Page)
393 Replies, 432,588 Views
High Finance Thread ( 1 2 3... Last Page)
1,389 Replies, 331,180 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,156 Replies, 3,149,416 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:14 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2