Local Vs Foreign Bank

[Jobs]

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.

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.

[FreshGraduate]

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

From a fresh grad point of view.

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.

Originally Posted by Jobs

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...

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.

Originally Posted by Jasmine

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.

Originally Posted by Jobs

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.

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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!!