You guys will have 0 client contact. IMO , makes sense for 2.5k.

Base so high meh? Top Tier BB IBD also paying 10k leh

What has client contact got to do with base pay?

Going by this logic, HR, IT etc. employees shouldn’t be paid above $2,500 🤦*♂️

Don't dumb eh. If u in FO cannot have client contact means u generate 0 PnL. This is what he meant la. If you have to ask, lolllll

Pay worst than industrial placement/intern LOL feels bad

Make the whole interview so professional with superday and all but paying peanuts....

ya damn craze. wasnt expecting to be the "full salary" that was stated on the news, but at least 3k ish

gotten offer already for global wealth management. 2.5k as expected.

u just got ur offer? still waiting for mine. WM too

Yeah just gotten only. Omg the pay is peanut.

Your line managers all ED level ?

Yes i reporting to ED. Alamak, should I take the offer?????

Got to reply within 3 days. Not sure should I take anot... Under GWM also, but not sure is assign to the department that i interviewed for or what sia

What school and course are you from uh

u check with the HR? couldnt spot this in the contract

A lot of employees in FO aren’t client facing but contribute to P&L.

e.g. CA assistants can value add by preparing proposals, Products team, Business mgmt / Strat planning etc.

spotted it on dotted line.

Mostly vp/directors originate the deals and the juniors support so juniors dont face clients too much also. Mainly to keep the machine moving since its time sensitive and a piece of work is easily hundreds of man hours.. to expect juniors to bring in business is ignorant

Mind sharing the person you will be reporting too? Maybe we reporting to the same ED hahahah.

Those are not FO roles.

Anyone accepting offer?

most ppl here are split i think, since most were expecting FT pay. defo will have some accepting but the rejecting one will be more outspoken. Just my thoughts based on posts

To the self entitled graduates lurking in this thread, just my 2c.

Look at the big picture. 2.5 for 3 days a week isn't great but it isn't bad either.
Go in learn the skills and network.
If you end up getting retained, that's fantastic.
Else, use the prestige to secure another job outside.

If y’all are working just 3 days, 2.5k ain’t all that bad tbf

Should be ok if we are allowed to moonlight to supplement income.

Well i feel that it will be worth for those working in the front-office. If you're confident in your abilities just stick with the 12 months and you will most likely get converted full time at the end. For those in the backend office, might not be that worth as the FT pay is not as high as front office and i'm sure it will be much more competitive since back-end jobs does not requires high level of skills and can be easily replaced

I have accepted mine! Operations.. heard from my friend that it isn’t the best place to be in so I will just continue while searching for new jobs.. and you are right it is very competitive at that level..

same here at operations!

ubs
 

Hi all, just a heads up for those thinking of conversion. I did talk to HR for a bit about the possibilities and they were quite honest and open. HR did mention a fast tracked interview process if we do perform well but no official plans to convert trainees are in place at the end of the program. Like what the name suggest, its to help us get skills to tide over the covid period so we can find jobs next year.

Hope you guys take this into consideration. See you all if you are accepting

What a bunch of ******** haha. Everyone knows they pay 5.5 for GWM

Thank you for the insight, but did they mention about number of headcount? If no plans to convert meaning they are not sure about their headcounts now?

Another question, somebody knows why GM offer is signed by GWM’s MD? Their GM is under IB isn’t it

How do y’all know exactly you guys will be with operations? My offer letter only stated that I will be with GMM, but they didn’t tell me which team I will be with during the traineeship.

what is gmm ah? global market?

Global Wealth Management

you dk who you interviewed with meh -_-

How do you know is operations? Is it like during interview is like GWM - Operations?

Anyone gotten GWM - Market?

I gotta same role

Also reporting to ED Chua?

Mine with ED Poh, do u know which team u belong to?