Barclays

Seems like IB and private banking most prestigious of all… but to go into these also must start from retail banking and work your way up and retail banking not as prestigious isn’t it?

So those with computer science or analyst is background and go into banking, they counted as support roles or functional roles only meh lolll. Make it sound like even business analysts in banks are like lower than the rest lmao.

Originally Posted by Unregistered

How is credit cards a lower end function worse than compliance? You will be in a revenue generating function instead of a cost centre

Hello read properly… op said compliance in bulge is better than local/regional banks or even UOB…

So you saying UOB is better than Barclays?? LOL eh you really like putting everyone down who considers the compliance prog in Barclays. Is it you got rejected LOLLL

Originally Posted by Unregistered

How is credit cards a lower end function worse than compliance? You will be in a revenue generating function instead of a cost centre

Got rules say compliance in bulge can’t jump to private or IB in future? In fact I think it’s easier to enter private banking and IB be it bulge or local/regional banks if you come from a bulge bank background. So, I would say Barclays compliance gives you more opp to go into other bulge or into more prestigious roles in future as compared to a non-bulge bank, unless you’re in private or IB in those banks.

Originally Posted by Unregistered

Then can you share why compliance is deemed worse or worst of all functions? Sounds like you deemed compliance as the worst department, if it’s really that bad why do a bulge bother having a grad programme for it then?

Just really curious on this…

everyone has a different opinion on which dept is really the worst, depending on your genuine strengths and interests. the thing is, compliance is a cost centre, whilst yes you are still an important function bcos obv banks cannot not have it, but you are not in a dept pushing sales and driving revenue.

and if you have actually worked in a bank before, you will realize that people at the revenue generating side are typically more capable and ambitious and you will simply learn more there and grow your career at a faster pace. of course, not saying there is no one capable or ambitious or nothing to learn at compliance, i am just saying in general that those are much more commonly found in revenue generating functions. when you go to work, i would like to think that it is not just the work alone that defines your learning experience, but also the people you are working with.

and just because it is BB that came up with a grad programme for the compliance function, doesn't make compliance a great function. JPM has a HR grad programme too, would you like to now change to pursue HR as a career? A grad prog is just a grad prog, banks need to have a compliance team and they want to bring in fresh grads to groom, in hopes that there will be capable ones who can eventually lead the compliance depts in the future. It is as simple as that. Grad programmes are just talent grooming programmes for that particular dept they recruit for. It is not suppose to signal anything about the prestige /whatever else, of the function.

Originally Posted by Unregistered

Hello read properly… op said compliance in bulge is better than local/regional banks or even UOB…

So you saying UOB is better than Barclays?? LOL eh you really like putting everyone down who considers the compliance prog in Barclays. Is it you got rejected LOLLL

i'm just saying that in credit cards, you are in a revenue generating function. and even if you are in UOB doing credit cards, it is still better than being in a cost centre function like compliance in barclays.

different roles, so i am in no way concluding that UOB is a better bank than Barclays. But i am indeed saying that credit cards > compliance. and therefore in this situation, being in UOB credit cards is better than being in Barclays compliance

also am not trying to put everyone down who considers the compliance prog in Barclays. Some people genuinely enjoy their jobs there and they like it. I am happy for them. You find your own interests and find a job that matches it. That's it. and if compliance is that job that matches your interests, then fair enough. You don't have to be in a "revenue generating" dept. Those are just meaningless debates at the end of the day unless you really want to get the best pay/best career growth etc. etc.

Originally Posted by Unregistered

Seems like IB and private banking most prestigious of all… but to go into these also must start from retail banking and work your way up and retail banking not as prestigious isn’t it?

So those with computer science or analyst is background and go into banking, they counted as support roles or functional roles only meh lolll. Make it sound like even business analysts in banks are like lower than the rest lmao.

Who the F told you that IB and PB needs to start from retail banking? did you not see the IB and PB analyst progs and internships? but yes, for PB, you could "work your way up" to PB from retail banking. yes RB is not as prestigious but just fyi, a lesser known fact is that there are RB RMs that can earn more than PB RMs, yet have less stress overall.

and ya, those with com sci degress typically go into the Tech dept. which is support role. Business analyst (let's just use this term to cover everyone from project managers, to internal management consultant, operations) is also a support role. Does being in a support role necessarily make it lower than the rest? Not really. But if you really want to make the distinction and say that the ones driving revenue are "better" and those that do not drive revenue are "lower", then yes, everyone above that i said are in a support role, are "lower" than the revenue generators. but the bank needs every dept in order to function so end of the day, everyone is still impt regardless of "better" or "lower".

Originally Posted by Unregistered

i'm just saying that in credit cards, you are in a revenue generating function. and even if you are in UOB doing credit cards, it is still better than being in a cost centre function like compliance in barclays.

different roles, so i am in no way concluding that UOB is a better bank than Barclays. But i am indeed saying that credit cards > compliance. and therefore in this situation, being in UOB credit cards is better than being in Barclays compliance

also am not trying to put everyone down who considers the compliance prog in Barclays. Some people genuinely enjoy their jobs there and they like it. I am happy for them. You find your own interests and find a job that matches it. That's it. and if compliance is that job that matches your interests, then fair enough. You don't have to be in a "revenue generating" dept. Those are just meaningless debates at the end of the day unless you really want to get the best pay/best career growth etc. etc.

Being in UOB credit cards is still better than Barclays compliance? In terms of what? In terms of hard numbers like salary, pretty sure Barclays compliance > UOB credit cards.

Originally Posted by Unregistered

Being in UOB credit cards is still better than Barclays compliance? In terms of what? In terms of hard numbers like salary, pretty sure Barclays compliance > UOB credit cards.

You get to become a product manager and learn alot of valuable skills which could be applied in tech/FinTech firms too. Plus, with UOB's acquisition of Citi's consumer banking franchise in ASEAN, you may also get to manage credit cards on a regional level at a greater depth now. Career progression in RB in general is not that great per say but compared to compliance, it should be atleast equal, or better if you are prove to be good at managing the products and driving sales.

Let's assume you are a capable person and you will do well in either compliance / credit cards. If so, then in the long-run you will definitely be able to earn more in credit cards. Skillsets wise very hard to compare as they are really different. But exit ops for compliance is mostly still compliance. With product management skills, the exit ops are wider.

Originally Posted by Unregistered

You get to become a product manager and learn alot of valuable skills which could be applied in tech/FinTech firms too. Plus, with UOB's acquisition of Citi's consumer banking franchise in ASEAN, you may also get to manage credit cards on a regional level at a greater depth now. Career progression in RB in general is not that great per say but compared to compliance, it should be atleast equal, or better if you are prove to be good at managing the products and driving sales.

Let's assume you are a capable person and you will do well in either compliance / credit cards. If so, then in the long-run you will definitely be able to earn more in credit cards. Skillsets wise very hard to compare as they are really different. But exit ops for compliance is mostly still compliance. With product management skills, the exit ops are wider.

If you are deeply vested in either of the 2 credit card camps (cashback or miles), you will soon realise that most banks don't have a robust portfolio of cards and that your average enthusiast off the street would probably do a better job than these so-called professionals.

That should give you an idea of how competent these CC portfolio managers really are. Claiming that they have exit opportunities into sought after fintech roles is laughable and naive.

Originally Posted by Unregistered

If you are deeply vested in either of the 2 credit card camps (cashback or miles), you will soon realise that most banks don't have a robust portfolio of cards and that your average enthusiast off the street would probably do a better job than these so-called professionals.

That should give you an idea of how competent these CC portfolio managers really are. Claiming that they have exit opportunities into sought after fintech roles is laughable and naive.

Do you want to take a guess where the upcoming digital banks in SG have been hiring from?