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Officer Role in Bank of Tokyo - Mitsubishi UFJ

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  #151 (permalink)  
Old 12-02-2018, 11:39 AM
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Originally Posted by nivlek88 View Post
Would you mind to share what is the benefit as Deputy Manager?
Was only there for a year so can't really recall the details. But benefits are pretty bare bones tbh, standard 21 days leave + 2 days family care I think. $250 dental allowance plus meal/transport allowances after a certain timing. I don't even think they have preferential deposit rates for staff anyway if I'm not wrong. Not much difference if any from more junior grades.



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  #152 (permalink)  
Old 14-02-2018, 11:24 AM
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Deputy manager is a more senior designation. To be honest, I don't think that $7.3k is within the salary band for AM, granted that is more equivalent to a senior associate and starts out at about $4-5k+. Might be an error in the offer letter I would suspect..
Thanks for the explanation. I called up the recruiter yesterday and she told me that by right they were looking for a DM, but the hiring manager felt my experience compare to internal equity only qualify for AM, so they gave me a salary which is higher end of AM but if I can proof good performance can be promoted to DM after a while.

When I ask her if my salary is high end of AM does this mean I will get no or very little increase if I don't promote, she was very evasive and just keep saying as long as you perform well the company will recognize that.

Now I am a bit hesitant because the offer is only ~15% higher than current and if no increase and promotion in next 2 years like back to square one... Anyone got advice whether I should accept?

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  #153 (permalink)  
Old 14-02-2018, 12:31 PM
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Thanks for the explanation. I called up the recruiter yesterday and she told me that by right they were looking for a DM, but the hiring manager felt my experience compare to internal equity only qualify for AM, so they gave me a salary which is higher end of AM but if I can proof good performance can be promoted to DM after a while.

When I ask her if my salary is high end of AM does this mean I will get no or very little increase if I don't promote, she was very evasive and just keep saying as long as you perform well the company will recognize that.

Now I am a bit hesitant because the offer is only ~15% higher than current and if no increase and promotion in next 2 years like back to square one... Anyone got advice whether I should accept?
It also boils down to want you are really looking for in your next job. How a Japanese bank functions may be very different to what you are used to, and that 15% premium may not be able to compensate for the risk of the move on the event that you do not like it. I do feel that in terms of career progression and growth, Japanese banks have less to offer.

Personally I would not settle for less than 20% for a switch, granted that the following year's increment might be on the lower end as promotions are harder to justify based on the short performance assessment window.

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  #154 (permalink)  
Old 14-02-2018, 03:42 PM
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Thanks for the explanation. I called up the recruiter yesterday and she told me that by right they were looking for a DM, but the hiring manager felt my experience compare to internal equity only qualify for AM, so they gave me a salary which is higher end of AM but if I can proof good performance can be promoted to DM after a while.

When I ask her if my salary is high end of AM does this mean I will get no or very little increase if I don't promote, she was very evasive and just keep saying as long as you perform well the company will recognize that.

Now I am a bit hesitant because the offer is only ~15% higher than current and if no increase and promotion in next 2 years like back to square one... Anyone got advice whether I should accept?
I've never had a problem with getting my desired salary, in my current job I was even "counter offered" 15% higher than my asking salary, which already took into account a 15% increment from my previous job.

It all boils down to what you can offer to the company. In this case, looks like you're not what they are looking for.
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  #155 (permalink)  
Old 14-02-2018, 05:55 PM
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I've never had a problem with getting my desired salary, in my current job I was even "counter offered" 15% higher than my asking salary, which already took into account a 15% increment from my previous job.

It all boils down to what you can offer to the company. In this case, looks like you're not what they are looking for.
15% of monthly base or annual base? Or 15% of total package including bonus?
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  #156 (permalink)  
Old 14-02-2018, 09:24 PM
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Originally Posted by Unregistered View Post
Thanks for the explanation. I called up the recruiter yesterday and she told me that by right they were looking for a DM, but the hiring manager felt my experience compare to internal equity only qualify for AM, so they gave me a salary which is higher end of AM but if I can proof good performance can be promoted to DM after a while.

When I ask her if my salary is high end of AM does this mean I will get no or very little increase if I don't promote, she was very evasive and just keep saying as long as you perform well the company will recognize that.

Now I am a bit hesitant because the offer is only ~15% higher than current and if no increase and promotion in next 2 years like back to square one... Anyone got advice whether I should accept?
Generally for your level which is considered very junior by banking standards, the minimum I advise is at least 25%-30% increase esp. Jap banks have not so good reputation in terms of future progress and learning opportunity. I agree with others above that you should just reject, don't waste your time in Jap companies unless you want job security and go through motion till retirement.
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  #157 (permalink)  
Old 29-03-2018, 07:45 PM
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Just got offered a job in bank of tokyo for 3k for 1 year contract. Has anyone here worked in bank of tokyo for one year as a contract staff and successfully converted to perm? Will there be any increment from contract to perm? How much is the jump?
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  #158 (permalink)  
Old 29-03-2018, 07:55 PM
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Just got offered a job in bank of tokyo for 3k for 1 year contract. Has anyone here worked in bank of tokyo for one year as a contract staff and successfully converted to perm? Will there be any increment from contract to perm? How much is the jump?
5 years ago contract to perm conversion is 50% chance, now it is rare for contract to convert to perm. Normally after a few years of renewal, if you are lucky enough someone high up willing to sponsor you and allocate a perm position. It is the norm for many contract jobs to just keep renewing without any conversion.

My suggestion is if you want to take up the must be prepared to accept it as a contract job. Don't go in thinking you will be converted after 1 year, 95% chance you will be disappointed.
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  #159 (permalink)  
Old 30-03-2018, 10:46 AM
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Just got offered a job in bank of tokyo for 3k for 1 year contract. Has anyone here worked in bank of tokyo for one year as a contract staff and successfully converted to perm? Will there be any increment from contract to perm? How much is the jump?
haha haven't even start contract thinking of how much u will get when convert... i think u better concentrate on finishing ur contract and getting renewed first.
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  #160 (permalink)  
Old 20-05-2018, 06:34 PM
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Anyone knows or work in Sanctions Screening in Bank of Tokyo MUFG? May I know how is the work, culture and prospect in this role in MUFG?
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