Barclays

Originally Posted by Unregistered

Barclays pays good, from what you mention about 14k/pm excl bonus for Analyst. But I believe with your relevant experience, you will go in straight as Associate which pays around 21-29k/mth excl bonus.

Wat a load of crap... 21-29k/mth excl bonus for associate? Associate = new grads or those with less than 5 yrs of exp. Given the influx of FT (much cheaper)what makes you think they will pay u 21-29k/mth??

If got time, please go to other forums and find out the working environment in Barclays or someone who works in there before making such remarks and giving false hopes to those "wannabe" investment banker/analyst.

If not you will only embarass yourself in front of others.....

[lazyplane]

Ayiah, you misunderstood .. He is quoting yuan lah....

Originally Posted by Unregistered

Wat a load of crap... 21-29k/mth excl bonus for associate? Associate = new grads or those with less than 5 yrs of exp. Given the influx of FT (much cheaper)what makes you think they will pay u 21-29k/mth??

If got time, please go to other forums and find out the working environment in Barclays or someone who works in there before making such remarks and giving false hopes to those "wannabe" investment banker/analyst.

If not you will only embarass yourself in front of others.....

Originally Posted by Unregistered

Thread-starter asked about getting in as fresh grad.
Are you sure you don't need to be in some grad program to get in?

What kind of grad program are you referring to? MBA?

Well, from what I understand no.

Few years ago when they were looking for people, they tried to package the whole recruitment mambo jambo with series of test assessment, interviews, group presentations, yada yada and brand it as some management associate program. End of the day, the candidates were all pre-selected from people already working inside, it's just to make them look good. It's nothing like those in Goldman's interview. As such, the final candidates weren't the best you can get, some not even average, (there are many who got in without even an honours from a local university).

Recently, I believe they even scale down the recruitment process. Simply get someone from the inside to refer candidates. The end results are the same anyway.

Those that got in earlier have above average fresh grad's salary but lacked competitive increment. Now, it seems they have significant lowered the fresh grad salary to be in tandem with the local market.

Originally Posted by Unregistered

What kind of grad program are you referring to? MBA?

Well, from what I understand no.

Few years ago when they were looking for people, they tried to package the whole recruitment mambo jambo with series of test assessment, interviews, group presentations, yada yada and brand it as some management associate program. End of the day, the candidates were all pre-selected from people already working inside, it's just to make them look good. It's nothing like those in Goldman's interview. As such, the final candidates weren't the best you can get, some not even average, (there are many who got in without even an honours from a local university).

Recently, I believe they even scale down the recruitment process. Simply get someone from the inside to refer candidates. The end results are the same anyway.

Those that got in earlier have above average fresh grad's salary but lacked competitive increment. Now, it seems they have significant lowered the fresh grad salary to be in tandem with the local market.

I seriously believe the best answers/advice TS can get would be those working in Barclay or ex Barclay. I can seriously tell TS based my on friend's exp that its not as glamorous that u see from the outside. Unless u are in the front line, if not u will just b another rank and file. If u die die still must work with Barclay, aim for shift work ie those European shift as they pay shift allowance which is much higher. Then of coz you will miss your work life balance ie ppl sleep u r working vice versa.

I was Fresh Grad from SMU that got into Grad scheme 2009. Went to UK for induction for 3 months. Starting pay 8k/month. Bonus was 70k in 2010. I work from 8 - 7.

Originally Posted by Unregistered

I was Fresh Grad from SMU that got into Grad scheme 2009. Went to UK for induction for 3 months. Starting pay 8k/month. Bonus was 70k in 2010. I work from 8 - 7.

Many forumers here do not like to read about salaries above $120k per annum, especially since you are a fresh graduate and somemore from SMU.

Can you reduce your stated income to perhaps 4k/month with no bonus, to make it more comforting for many of the forumers here?

Originally Posted by Unregistered

I was Fresh Grad from SMU that got into Grad scheme 2009. Went to UK for induction for 3 months. Starting pay 8k/month. Bonus was 70k in 2010. I work from 8 - 7.

What is your role in the bank?

Originally Posted by Unregistered

I was Fresh Grad from SMU that got into Grad scheme 2009. Went to UK for induction for 3 months. Starting pay 8k/month. Bonus was 70k in 2010. I work from 8 - 7.

That's amazing, what function and department are you in?

I'm in compliance. Similiarly, I was a Fresh Grad from SMU that got into the scheme in 2009. My induction in UK was only 3 weeks, starting pay 4K/mth, bonus was only 2 months.

So many dua pao story here. Please lar, how many bankers in the real world do you really think are in salary.sg?

Want to find out salary in bank then go apply and if got interview just ask them lor, better still try & quote some of the salary you hear here to the interviewer and ask him whether can match. I predict they will good laugh & tell you to F off.

I know Associate in Julius Baer investment bank is not bad, around $9K - $10k per month and bonus usually minimum 8 months if can meet target.