Credit Suisse vs Rabo Bank vs OCBC
 

If you have a choice to enter Credit Suisse, OCBC or Rabo bank which one is the best choice in terms of pay, job stability and career progression? Need some advice ;) Doing Risk management projects regarded to operations and technology.

It seems that CS has strong reputation in wallstreet and if you wanna pursue MBA abroad that would be the better choice, and as people in or not in this forum summarize that foreign bank offers better compensation than local's. Rabo Bank seems to only be known by financial professional and i also have no clue about it.

Thanks for the update. Yep brand name and pa is one thing but what about stability and growth for a singaporean? Any advice?

It really depends what role you are in. It also depends on the structure of the company. If most people are 'stayers', to have career progression you'll have to leave the company one day. This is also part of the reason why people job-hop. Don't think about career progression within a company, until you are in the company. Because that is when you'll see what kind of age groups are the majority in the company, and by then you can judge how you'll progress.

Thank for the advice. Can feel, it is really from the heart ;)

Pay: cs > rabo > ocbc
Stability: ocbc > rabo > cs
Progression: same as pay. but most of the time see hengsuay

Rabo bank singapore specializes in mainly commodity trade and structured trade related transactions. Overall their portfolio in Singapore is comparatively small compared to CS Singapore and OCBC. They only have about 70 staff in Singapore.

Workload wise they prolly have the best compared to CS and OCBC which are slave drivers.

Rabo bank singapore specializes in mainly commodity trade and structured trade related transactions. Overall their portfolio in Singapore is comparatively small compared to CS Singapore and OCBC. They only have about 70 staff in Singapore.

Workload wise they prolly have the best compared to CS and OCBC which are slave drivers.

Is OCBC bad company in terms of work life balance?

Hearsay, yes.

Depends on department.

Got friends working 9 to 6, rarely OT. But also got friends OTing alot, esp in operations

Also depends on project

Credit Suisse is a BB so it's hands down best of the 3 in terms of pay, prestige and career opportunities. Rabobank is a large European bank with a global presence while OCBC is a local bank with less than half of Rabo's market cap and hardly any presence outside of SEA and maybe Greater China. Credit Suisse and Rabo are global brands while hardly anyone outside of Singapore know what's a OCBC.

My view only (feel free to disagree):

In terms of exposure/learning: CS > Rabo > OCBC
In terms of internal promotion/progression: OCBC > CS / Rabo (generally harder to promote in foreign banks)

That's because local banks are known to have serious title inflation. Half the bank is AVP and above, which is ridiculous if you think about it. Foreign banks have titles that more closely reflect the role and responsibilities of the job. The local banks know that their pay packages are not as competitive as the big international banks so they try to compensate by giving you a nicer title.