MAS for Mid Career Professionals

What kind of roles in banks can I get if I’m in mas? How much pay increase should I expect?

Sorry to interrupt. May I know how is the culture, colleagues and bosses in MAS? Heard there is politics inside MAS...

Originally Posted by Unregistered

Sorry to interrupt. May I know how is the culture, colleagues and bosses in MAS? Heard there is politics inside MAS...

Bllloody kok. Everywhere got politic. Is UP TO YOU to decide if you want to poison yourself with the politics and know when to lower your head.

Originally Posted by Unregistered

What kind of roles in banks can I get if I’m in mas? How much pay increase should I expect?

Depends on your role in MAS too. Like whether it is supervisory/developmental etc.

Originally Posted by Unregistered

Depends on your role in MAS too. Like whether it is supervisory/developmental etc.

What is the pay difference between supervisory and developmental for the same rank?

supervisory work is like MO/BO work in a bank - slowly killing urself with a thousand cuts.

hi all, what is the difference between MAS supervision and big 4 audit? do the job scopes overlaps

What's the pay range for those in technology risk supervision group?

Originally Posted by Unregistered

As with government service, the prospects of everyone differs and is generally as such:

1) Top Tier - MAS / Presidents' Scholar (who transfer from other ministries)
2) Second Tier - First Class Honors Fresh Grad who join MAS direct from School
3) Third Tier - Other Second Class Honors Fresh Grad who join MAS direct from School
4) Bottom Tier - Mid Careers

The tiers shown above generally shows a person's "potential" which have a direct relationship to your promotion, opportunities, bonus and pay. The difference between the bonus between the top tier and the bottom tier can be significant - i.e. at least 2.5 months difference.

While they purport to be competitive in terms of pay and benefits and perform yearly benchmark exercises, do note that they generally benchmark against support functions such as Operations and HR salaries in banks. The benchmark exercises do not include the money makers such as front office (which make sense since not all MAS officers are money makers), and not even risk management functions such as internal audit or compliance (this does not make sense however).

Perks wise - The flexibility to take no pay leave is unrivaled. Best for mothers who wish to have such flexibility.

I was from MAS grad prog. Grad prog ppl are treated the same as MAS scholars. In fact, I believe I got way more perf bonus than the scholar in the same batch. I did not observe scholars getting promoted abnormally faster than others, though i think they try to give them more showcase opp but these are not something that is unreachable if you are a motivated non-scholar. Likewise, there is no distinction of first or second class upper degree holders - same pay and the progression after your first 5 years there depends on how you perform in your first 1-2yrs (basically impressions form in the first few years and that will determine your opportunities to showcase and hence your promotion chances and perf bonus amt) and also depends on your boss (pretty much like outside actually). It is possible for mid-career to join and be in the same track as those direct from fresh grad but these are usually those who are relatively junior e.g. if they spent only abt 2-3 yrs in audit before moving to MAS.

The real crappy part of joining MAS is you will feel stuck after your first 5 to 7 yrs. it will be exponentially hard to get promoted after you reach DD (which is the peak for some of the ppl there), your salary growth will start to decelerate when compared to peers in private sectors. At that stage, you will really need to think hard if you wanna continue and stagnate there or go out and try. But another set of challenges may set in, cuz after 5 to 7 yrs of conditioning in MAS, it can get quite difficult to adjust to the outside world. But yea if you are fresh grad, enjoy your first 5 to 7 years. it is a decent experience, i would say it definitely trumps working banking BO or audit.

Originally Posted by Unregistered

I was from MAS grad prog. Grad prog ppl are treated the same as MAS scholars. In fact, I believe I got way more perf bonus than the scholar in the same batch. I did not observe scholars getting promoted abnormally faster than others, though i think they try to give them more showcase opp but these are not something that is unreachable if you are a motivated non-scholar. Likewise, there is no distinction of first or second class upper degree holders - same pay and the progression after your first 5 years there depends on how you perform in your first 1-2yrs (basically impressions form in the first few years and that will determine your opportunities to showcase and hence your promotion chances and perf bonus amt) and also depends on your boss (pretty much like outside actually). It is possible for mid-career to join and be in the same track as those direct from fresh grad but these are usually those who are relatively junior e.g. if they spent only abt 2-3 yrs in audit before moving to MAS.

The real crappy part of joining MAS is you will feel stuck after your first 5 to 7 yrs. it will be exponentially hard to get promoted after you reach DD (which is the peak for some of the ppl there), your salary growth will start to decelerate when compared to peers in private sectors. At that stage, you will really need to think hard if you wanna continue and stagnate there or go out and try. But another set of challenges may set in, cuz after 5 to 7 yrs of conditioning in MAS, it can get quite difficult to adjust to the outside world. But yea if you are fresh grad, enjoy your first 5 to 7 years. it is a decent experience, i would say it definitely trumps working banking BO or audit.

Thanks for sharing! Are u still at MAS or left alrdy?