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Unregistered 23-02-2022 05:10 PM
Quote:
Originally Posted by Unregistered (Post 204427)
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.
Ok fair enough. I guess regardless of where each person ends up, as long as work hard and perform well and if you get a bb name + good salary, should not be an issue to move to better opps in future bah

Unregistered 23-02-2022 05:13 PM
Quote:
Originally Posted by Unregistered (Post 204431)
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.

True I think having these kind of open discussion and differing views are great as it helps people who aren’t familiar with the banking industry know more too. :)

Unregistered 23-02-2022 05:17 PM
Quote:
Originally Posted by Unregistered (Post 204431)
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.
Ya I think no one is trying to debate or argue on this. It’s good to have differing views and for us to elaborate on them, I’m sure it has helped those who aren’t sure about the banking industry nor have experiences in banking to know more.

Unregistered 23-02-2022 05:18 PM
Quote:
Originally Posted by Unregistered (Post 204427)
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.
Ok fair enough. I guess regardless of where each person ends up, as long as work hard and perform well and if you get a bb name + good salary, should not be an issue to move to better opps in future bah

Unregistered 23-02-2022 05:19 PM
Soooo can support or functional roles such as compliance or strategy etc move to revenue generating roles in future? Genuinely curious on this.

Unregistered 23-02-2022 05:21 PM
Quote:
Originally Posted by Unregistered (Post 204431)
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.
True I think no one trying to argue or debate. But it’s great that we have differing views and always good to share the reasons why too, I’m sure all these helped those who aren’t too sure about the banking industry to know more as well :)

Unregistered 23-02-2022 05:25 PM
Quote:
Originally Posted by Unregistered (Post 204427)
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.
Are these revenue generating departments in other words are also sales… RMs they are pretty much similar to salesperson and insurance agents but they just work in a bank. It doesn’t really require much skills to be a RM, the barrier to entry is low. Of course IB is another thing but how often do people get a chance to enter IB, usually only those from affluent families or have connections tend to enter as a fresh grad much easier than the majority. Not picking a fight here but just sharing…

But curious you know how strategy seems prestigious too… so is strategy roles in banks considered support role too? 😬

Unregistered 23-02-2022 05:28 PM
Quote:
Originally Posted by Unregistered (Post 204427)
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.

Yea I’ve not had any banking experience before so I’m not too sure as to the different departments and functions other than commonly heard ones like IB, private, retail banking….

I missed all other grad programs for banks so only Barclays compliance was left…. So are the MA programs in local banks such as dbs and UOB considered better than Barclays compliance? I mean in terms of the brand name and prestige as well as future opportunities.

Hope anyone who have knowledge on this to kindly share.

Unregistered 23-02-2022 05:29 PM
Quote:
Originally Posted by Unregistered (Post 204431)
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.

Ermmm why do you say compliance is a cost centre? And why is cost centre this bad or so not looked upon?

Unregistered 23-02-2022 05:45 PM
Quote:
Originally Posted by Unregistered (Post 204471)
Soooo can support or functional roles such as compliance or strategy etc move to revenue generating roles in future? Genuinely curious on this.
Yes, can. Seen it happen in GS (from MO functions like Operations into Asset Management / Wealth Management Advisors). But the flexibility of such internal movements differ from bank to bank. Not sure how flexible Barclays is on this. And even in GS, for such a move to happen, it doesn't just happen because you want to. There must be headcount available to take you into the other dept, and you must network hard to get someone influential from that other dept to pull you in (and convince them you have some kind of transferrable skillset / actively building the required skillset outside of work so you are not useless to them), with the HR knowing your intentions, all while managing your current line managers/seniors and not letting the whole team know you are actively trying to leave AND manage your own current work in an area you do not have much interest in. Basically, a painful process to make the switch and stars must be aligned. So don't count on it to happen the way you want it to.

It's easier to move from strategy to a revenue generating role though, compared to compliance.

Unregistered 23-02-2022 05:52 PM
Quote:
Originally Posted by Unregistered (Post 204476)
Ermmm why do you say compliance is a cost centre? And why is cost centre this bad or so not looked upon?
Compliance does not generate any revenue of their own. They support revenue generators to make sure they dont fk up on the regulatory things and end up losing all the revenue due to heavy fines. It is not exactly bad to be in compliance, it is merely societal pressures to always aim for the best and it is thus just general advice to always aim to be in the depts that are the ones responsible and contribute greatest to the growth of the company so that you can make the best career and money out of it. But if you are happy with doing compliance work, then so be it too. As long as you are happy and contented, then that is great as well.

Unregistered 23-02-2022 06:00 PM
Quote:
Originally Posted by Unregistered (Post 204474)
Are these revenue generating departments in other words are also sales… RMs they are pretty much similar to salesperson and insurance agents but they just work in a bank. It doesn’t really require much skills to be a RM, the barrier to entry is low. Of course IB is another thing but how often do people get a chance to enter IB, usually only those from affluent families or have connections tend to enter as a fresh grad much easier than the majority. Not picking a fight here but just sharing…

But curious you know how strategy seems prestigious too… so is strategy roles in banks considered support role too? 😬
Revenue generators are not just RMs, so so so so many people are involved and considered revenue generators. Taking PB as an example, you need investment specialists, product specialists to support the RM and all of them are revenue generators. In SnT, traders are also revenue generators, not just the sales people.

And it certainly may not need that much skills to be a RM (unlike a software engineer), but the barrier to entry to be a RM in PB / Corporate Banking is HIGH. because top students will apply for it and competition is stiff. you simply cannot compare the calibre of people going to AIA/GE to sell insurance and those that are going for PB/Corporate Banking in Banks. And you still need to know some **** in order to sell, esp when you are not just selling insurance to your uncle and auntie but to more sophisticated UHNW or corporate clients.

Strategy roles in banks are also considered support roles.

Unregistered 23-02-2022 06:50 PM
Are you guys serious?

Unregistered 23-02-2022 07:39 PM
Quote:
Originally Posted by Unregistered (Post 204456)
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.
lol but it still retail banking which is many worlds apart from ib. and no never had a retail CC person ended up in ib in the future, selling to your aunty and uncle is not the same as dealing with c suite coporate transactions

depending on what you do in compliance- if you are involved in larger complex structured corp fin deals, you still have shot at ib/pb. i have seen compliance people move across to the business before at the junior level. still a step to take but at least there's precedence.

Unregistered 23-02-2022 08:11 PM
Quote:
Originally Posted by Unregistered (Post 204481)
Yes, can. Seen it happen in GS (from MO functions like Operations into Asset Management / Wealth Management Advisors). But the flexibility of such internal movements differ from bank to bank. Not sure how flexible Barclays is on this. And even in GS, for such a move to happen, it doesn't just happen because you want to. There must be headcount available to take you into the other dept, and you must network hard to get someone influential from that other dept to pull you in (and convince them you have some kind of transferrable skillset / actively building the required skillset outside of work so you are not useless to them), with the HR knowing your intentions, all while managing your current line managers/seniors and not letting the whole team know you are actively trying to leave AND manage your own current work in an area you do not have much interest in. Basically, a painful process to make the switch and stars must be aligned. So don't count on it to happen the way you want it to.

It's easier to move from strategy to a revenue generating role though, compared to compliance.

Thanks for sharing! You sound so knowledgeable on banking stuff, it’s great you’re sharing more I’m sure it helps those who aren’t familiar with the banking industry. :)

Unregistered 23-02-2022 08:12 PM
Quote:
Originally Posted by Unregistered (Post 204481)
Yes, can. Seen it happen in GS (from MO functions like Operations into Asset Management / Wealth Management Advisors). But the flexibility of such internal movements differ from bank to bank. Not sure how flexible Barclays is on this. And even in GS, for such a move to happen, it doesn't just happen because you want to. There must be headcount available to take you into the other dept, and you must network hard to get someone influential from that other dept to pull you in (and convince them you have some kind of transferrable skillset / actively building the required skillset outside of work so you are not useless to them), with the HR knowing your intentions, all while managing your current line managers/seniors and not letting the whole team know you are actively trying to leave AND manage your own current work in an area you do not have much interest in. Basically, a painful process to make the switch and stars must be aligned. So don't count on it to happen the way you want it to.

It's easier to move from strategy to a revenue generating role though, compared to compliance.

Hmmm so is strategy considered a support role? Or where does it fall into? Sounds like strategy also equally respected in a sense but also not revenue generating department

Unregistered 23-02-2022 08:14 PM
Quote:
Originally Posted by Unregistered (Post 204485)
Compliance does not generate any revenue of their own. They support revenue generators to make sure they dont fk up on the regulatory things and end up losing all the revenue due to heavy fines. It is not exactly bad to be in compliance, it is merely societal pressures to always aim for the best and it is thus just general advice to always aim to be in the depts that are the ones responsible and contribute greatest to the growth of the company so that you can make the best career and money out of it. But if you are happy with doing compliance work, then so be it too. As long as you are happy and contented, then that is great as well.
Make sense though, thanks mate for sharing on this. Totally agree societal pressure where we always hear IB when people ask about banking…

Unregistered 23-02-2022 08:18 PM
Quote:
Originally Posted by Unregistered (Post 204486)
Revenue generators are not just RMs, so so so so many people are involved and considered revenue generators. Taking PB as an example, you need investment specialists, product specialists to support the RM and all of them are revenue generators. In SnT, traders are also revenue generators, not just the sales people.

And it certainly may not need that much skills to be a RM (unlike a software engineer), but the barrier to entry to be a RM in PB / Corporate Banking is HIGH. because top students will apply for it and competition is stiff. you simply cannot compare the calibre of people going to AIA/GE to sell insurance and those that are going for PB/Corporate Banking in Banks. And you still need to know some **** in order to sell, esp when you are not just selling insurance to your uncle and auntie but to more sophisticated UHNW or corporate clients.

Strategy roles in banks are also considered support roles.

Fair enough, I think corporate banking is over rated tbh. IB and private banking definitely stiff competition cos that’s what everyone knows when it comes to banking it’s the top tier roles… but prolly those who cmi to IB and private banking would end up considering corporate banking or retail banking and of course they will be many students who ranges from FCH to mediocre grades which make it more competitive.

But isn’t strategy always deem prestigious too? Maybe when it comes to banks, it becomes less prestigious 😂 end up falls under support role 😬

Unregistered 23-02-2022 09:39 PM
Strategy roles are well-respected if you are mid-career and aiming to move to a managerial position. It gives you the broader perspective and opportunities to network and interact with my higher ups. If you're a graduate doing strategy, high chance you will just be a pure worker doing all the admin/manual work and not learn much. Strategy teams have to hire fresh grads because someone still needs to do the boring work.

Unregistered 23-02-2022 11:54 PM
anyone heard back for barclays global markets graduate programme?

Unregistered 24-02-2022 11:16 AM
Quote:
Originally Posted by Unregistered (Post 204545)
anyone heard back for barclays global markets graduate programme?
You mean after applying or for certain stages?

Unregistered 25-02-2022 12:20 AM
Quote:
Originally Posted by Unregistered (Post 204610)
You mean after applying or for certain stages?

which stage are you at now? gone for interviews already?

Unregistered 02-03-2022 08:29 PM
helloo how long does it usually take for hr to get back to us after the interview? had my interview about 2 weeks ago..

Unregistered 02-03-2022 09:24 PM
Quote:
Originally Posted by Unregistered (Post 205858)
helloo how long does it usually take for hr to get back to us after the interview? had my interview about 2 weeks ago..
no chance liao.

Unregistered 03-03-2022 01:24 AM
Quote:
Originally Posted by Unregistered (Post 205858)
helloo how long does it usually take for hr to get back to us after the interview? had my interview about 2 weeks ago..
which division or desk did you interview for?

Unregistered 03-03-2022 01:31 AM
Quote:
Originally Posted by Unregistered (Post 205940)
which division or desk did you interview for?
retail banking

Unregistered 04-03-2022 03:33 AM
Compliance grad program got back 2-3 weeks ago to confirm grad date and interest to advance to next stage… but at the end no one got back also 🤔

Unregistered 04-03-2022 03:57 AM
Quote:
Originally Posted by Unregistered (Post 205941)
retail banking
What are the interview rounds u went for? :)

Unregistered 04-03-2022 01:16 PM
Quote:
Originally Posted by Unregistered (Post 204532)
Strategy roles are well-respected if you are mid-career and aiming to move to a managerial position. It gives you the broader perspective and opportunities to network and interact with my higher ups. If you're a graduate doing strategy, high chance you will just be a pure worker doing all the admin/manual work and not learn much. Strategy teams have to hire fresh grads because someone still needs to do the boring work.
so how is one able to get into a strategy and management role in a BB?

Unregistered 04-03-2022 01:17 PM
Quote:
Originally Posted by Unregistered (Post 206128)
Compliance grad program got back 2-3 weeks ago to confirm grad date and interest to advance to next stage… but at the end no one got back also 🤔
you should chase them for replies

Unregistered 04-03-2022 01:19 PM
Quote:
Originally Posted by Unregistered (Post 206129)
What are the interview rounds u went for? :)
2 with associates, 1 with VP and got one upcoming one with ED next monday.

Unregistered 04-03-2022 06:05 PM
Quote:
Originally Posted by Unregistered (Post 206180)
2 with associates, 1 with VP and got one upcoming one with ED next monday.
Omg what there’s 3 interviews after the assessments? 😱😬

Unregistered 04-03-2022 06:06 PM
Quote:
Originally Posted by Unregistered (Post 206128)
Compliance grad program got back 2-3 weeks ago to confirm grad date and interest to advance to next stage… but at the end no one got back also 🤔
Anyone in this situation too for compliance?

Unregistered 04-03-2022 06:08 PM
Quote:
Originally Posted by Unregistered (Post 206179)
you should chase them for replies
Guess they selected those they wanted to advance from those who replied. But that’s not very nice considering the fact they told us all that we were advanced and to get back if we’re interested to continue with the hiring process 🤔😐

Unregistered 04-03-2022 09:05 PM
Quote:
Originally Posted by Unregistered (Post 206219)
Omg what there’s 3 interviews after the assessments? 😱😬
Heard there were 4 progressive rounds of interview stages for markets in December already, not sure whats after the 4 rounds

Unregistered 04-03-2022 10:32 PM
Quote:
Originally Posted by Unregistered (Post 206220)
Anyone in this situation too for compliance?
Also got the email after what seemed like 2 months after completing the assessments in Dec. Same email to ask for confirmation on grad date and interest to continue the hiring process. Gave the details and confirmation but afterwards nothing. 😑

Unregistered 27-11-2022 11:22 PM
2023 research analyst expert grad program
 
Hello! Has anyone heard back from Barclays after the final round of interviews for this position? Thanks!

Unregistered 29-11-2022 01:29 AM
Is Corporate Banking new in Barclays?


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