Local Vs Foreign Bank - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Local Vs Foreign Bank

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #1 (permalink)  
Old 13-03-2014, 12:48 AM
Verified Member
 
Join Date: Nov 2013
Posts: 14
Jobs is on a distinguished road
Default Local Vs Foreign Bank

Hi all, does anyone know what are the differences between working in Local Banks (In particular: DBS, OCBC, UOB) and Foreign Banks (In particular: HSBC, Citi)? For example, the differences in terms of career progression, culture, compensation, etc.

Will really appreciate some insights! Thank you.

Reply With Quote
  #2 (permalink)  
Old 13-03-2014, 11:19 AM
Unregistered
Guest
 
Posts: n/a
Default

Not much difference, the big foreign banks HSBC,Citi, SCB all operate very similar to local banks. All have high work loads, big office politicking etc Compensation all quite good though.

Small foreign banks have slightly less benefits but smaller work loads. I go home at 5.30 everyday compared to 8-9 pm everyday at SCB and DBS heh.

Reply With Quote
  #3 (permalink)  
Old 13-03-2014, 12:03 PM
Verified Member
 
Join Date: Jul 2013
Posts: 23
FreshGraduate is on a distinguished road
Default

Foreign Bank: High starting salary + attractive benefits
Local Bank: Lower starting salary + average benefits

From a fresh grad point of view.

Reply With Quote
  #4 (permalink)  
Old 13-03-2014, 08:29 PM
Unregistered
Guest
 
Posts: n/a
Default Not fresh grad

Fresh grad forgot to mention 2 more differences. 1. Foreign banks chop staff more frequently and more easily than local banks 2. Foreign bank ladies have the sophisticated, hot looking kind of look, local banks have the chio ah lian kind of look, the kind you can only dream of when you're mugging away in JCs.
Reply With Quote
  #5 (permalink)  
Old 13-03-2014, 08:45 PM
Unregistered
Guest
 
Posts: n/a
Default 761 2688959

Quote:
Originally Posted by Jobs View Post
Hi all, does anyone know what are the differences between working in Local Banks (In particular: DBS, OCBC, UOB) and Foreign Banks (In particular: HSBC, Citi)? For example, the differences in terms of career progression, culture, compensation, etc.

Will really appreciate some insights! Thank you.
Apply both and see what comes back. No point talking about it when you don't even know if you qualify...
Reply With Quote
  #6 (permalink)  
Old 13-03-2014, 11:19 PM
Jasmine
Guest
 
Posts: n/a
Default how long does Bank of America take to process candidates

Hi,
I applied for a position in Bank of American. It has been 2 weeks and there is no response. Only a call from HR saying that they will get back soon.
How long does it take Bank of America to process cases of candidates?
Thanks.
Reply With Quote

  #7 (permalink)  
Old 14-03-2014, 12:06 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Jasmine View Post
Hi,
I applied for a position in Bank of American. It has been 2 weeks and there is no response. Only a call from HR saying that they will get back soon.
How long does it take Bank of America to process cases of candidates?
Thanks.
well, its just a call. in the meantime look for other opportunities to hedge your position.
Reply With Quote
  #8 (permalink)  
Old 14-03-2014, 03:23 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Jobs View Post
Hi all, does anyone know what are the differences between working in Local Banks (In particular: DBS, OCBC, UOB) and Foreign Banks (In particular: HSBC, Citi)? For example, the differences in terms of career progression, culture, compensation, etc.

Will really appreciate some insights! Thank you.
friend, bank culture closely resembles the culture of origin. Citi practice American banking style. They are hard-working, direct and USD appreciation is higher. Japanese banks like loyalty, punctuality at the same time being expensive, with low bonus. Bank of China follows hierarchy like Communism strictly. European banks performed poorly in the past because of crisis. Local banks consist of ah bengs and ah lians? Pick the one you like.
Reply With Quote
  #9 (permalink)  
Old 14-03-2014, 02:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Japanese banks like loyalty, punctuality at the same time being expensive, with low bonus.
Wrong heh, japanese banks actually pay one of the better bonuses now averaging 3-5 months compared to foreign banks like Citi, HSBC or SCB.

Even back-office operations staff get like 3 months compared to the 1-2 months in Citi ops.
Reply With Quote
  #10 (permalink)  
Old 16-03-2014, 04:58 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Apply both and see what comes back. No point talking about it when you don't even know if you qualify...
not the poster but i gt accepted by DBS, OCBC, Citi and HSBC. Not sure which to choose at all!

Remuneration wise, DBS is highest followed by OCBC, Citi and lowest HSBC...but actually all do not differ much.....headache!!
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Foreign Workers' Income Salary.sg Income and Jobs 4 02-10-2015 09:36 AM
$3.5K for an IT role in a local bank unknown Income and Jobs 11 14-03-2014 02:13 PM
I versus Foreign Talent Inneart Education and Personal Growth 33 29-02-2012 03:36 PM
Foreign Language Home Tutor wanted to teach Korean onehometuition Marketplace and Find Work 0 11-11-2011 12:46 PM
Doing a masters in local vs private/foreign universities momojojo Education and Personal Growth 8 18-08-2010 12:49 AM

» 30 Recent Threads
Whats your net worth ( 1 2 3... Last Page)
2,758 Replies, 818,130 Views
How to know you are not fit for...
2 Replies, 163 Views
ST Electronics ( 1 2 3... Last Page)
774 Replies, 233,859 Views
Lawyer Salary ( 1 2 3... Last Page)
8,976 Replies, 2,911,282 Views
Compare civil service salary ( 1 2 3... Last Page)
10,576 Replies, 5,799,661 Views
How to avoid giving pass salary...
7 Replies, 377 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,374 Replies, 1,972,541 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
720 Replies, 361,027 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
78 Replies, 117,338 Views
Job Application with MOE... ( 1 2 3... Last Page)
218 Replies, 215,966 Views
Civil/Public Sector -... ( 1 2 3... Last Page)
401 Replies, 216,554 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,515 Replies, 1,068,859 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,376 Replies, 950,830 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
120 Replies, 28,108 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,992 Replies, 3,800,711 Views
How much to ask for starting pay... ( 1 2 3... Last Page)
76 Replies, 5,833 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
3,090 Replies, 1,311,224 Views
How much do you earn and save? ( 1 2 3... Last Page)
128 Replies, 22,570 Views
Career as Teacher ( 1 2 3... Last Page)
2,817 Replies, 1,701,017 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,119 Replies, 520,644 Views
Software developers salary outlier
9 Replies, 1,685 Views
technical role in pharmaceutical...
8 Replies, 2,311 Views
UOB Management Associate Program ( 1 2 3... Last Page)
264 Replies, 172,612 Views
Roles in accenture singapore ( 1 2 3... Last Page)
397 Replies, 261,539 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,625 Replies, 1,324,820 Views
ITE lecturer ( 1 2 3... Last Page)
137 Replies, 128,398 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,984 Replies, 1,126,643 Views
Finding freelance web developer...
2 Replies, 403 Views
need some info on CNB ( 1 2)
18 Replies, 1,829 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
151 Replies, 18,220 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:38 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2