Career Choice: Consumer Banking or Business Banking?

Originally Posted by Unregistered

Hi, anyone here have any idea regarding the position of 'Business Banking Manager (Account Opening) from OCBC? This position seems to be listing on their website every month, high turnover, bad pay etc or really require alot of people?

From the title, will it be right to say its just getting people to open business accounts with the bank and not in touch with the products? Not a good learning ground in this case right?

Heard their target is 60 or more account acquisition a month, which i think its crazy

Originally Posted by Unregistered

Progression for sales usually just sales mgr then if you do well later on team leader. Some after many years as team leader maybe go join credit or become a RM to do servicing.

not asking whichs better, wanna ask does a sales team lead still get comm?
how much can they expect to earn up to?
whats their 'specific' jobscope?
am i right that team leader is a rank higher than RM ?, are they equivalent to AVP or VP?

Originally Posted by Unregistered

not asking whichs better, wanna ask does a sales team lead still get comm?
how much can they expect to earn up to?
whats their 'specific' jobscope?
am i right that team leader is a rank higher than RM ?, are they equivalent to AVP or VP?

Yes team lead still gets comm. They manage the team's target and get a commission of the team's performance. Can earn up to 300K if they hit their targets every quarter well for SCB at least.

Ya sales team leader higher tank then RM usually VP level. But RM also got RM team leader so similar :P But RM base pay higher but commission lower.

Originally Posted by Unregistered

Yes team lead still gets comm. They manage the team's target and get a commission of the team's performance. Can earn up to 300K if they hit their targets every quarter well for SCB at least.

wah 300K per annum? thats alot for a sales team lead. which dept in SCB?

Originally Posted by Unregistered

wah 300K per annum? thats alot for a sales team lead. which dept in SCB?

SME banking. They can hit up to 6 figure commission per quarter if they do well. But that's assuming they hit/exceed the targets which are normally crazily high.

Originally Posted by Unregistered

SME banking. They can hit up to 6 figure commission per quarter if they do well. But that's assuming they hit/exceed the targets which are normally crazily high.

Where got so much....

Originally Posted by andy andy

Where got so much....

My colleague does the sales MIS and incentive tracking so its true, according to the incentive payout scheme.

But the targets to hit the max commission are very high and hardly any team hits it for consecutive 4 quarters a year.

Originally Posted by Unregistered

SME banking. They can hit up to 6 figure commission per quarter if they do well. But that's assuming they hit/exceed the targets which are normally crazily high.

any idea how is it for OCBC?