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DBS Management Associate Program 2015

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  #221 (permalink)  
Old 24-02-2019, 09:52 AM
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Let us meet at Janice 's office and trash this out. See for yourself if I'm from dbs MAP. I have gone to Janice''s office twice this week. I don't mind going to her office again with you. Set the date and time! I want to see who is this bootlicker who is either not from DBS or who is from GAP or
a non master MAP grad who scored a band 3 and yet still got the same increment as a band 1.
Hey let us know who is this over-paid redundant bootlicker. Support from your junior here. We do not have gradings yet but it is true that the master grads and those with working experience got a lower increment both in terms of absolute amount and % . Same absolute amount for bonus so if convert to number of months quite pathetic for those with a higher base.

PS: I'm not a master grad.

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  #222 (permalink)  
Old 24-02-2019, 01:47 PM
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Would-be MAs take note. Donít be conned!

What a joke! The compensation system really sucks! HR and compensation team better go back to school and learn the meaning of reward and performance. And learn your Math too!

Increment is not related to performance grading. Band 1, 2 or 3 all same increment. Same absolute amount. Master grads increment less than non master grads both in terms of absolute amount and %. So Band 1 master grads ended up with less increment than band 2 and 3 non master grads. What logic is this! The higher your salary base the more pathetic your increment in % .

Bonus is so called performance based but the difference between the different bands is so marginal. Slogged the whole year for nothing. Bonus not in terms of number of months. An absolute amount for each band. Calculation by month band 1 master grads ended up less than band 2 non master grads.

Hello HR and compensation team you sure you passed your Math in school?

2018 was a good year for DBS yet the good results not reflected in the MAs bonus . In-programme analysts have bigger bonuses .

Higher starting pay but lower compensation. Ended up annual income not great at all. Like what is mentioned in some of the posts above Ė enticed us with a good starting pay then take back from our increment and bonus.

HR if you are reading this thread take note. No point keep changing the programme to tackle the high attrition rate. Treat the MAs like fools and you expect to retain them after the 2 year programme? Morale is so low this week when the MAs received their compensation letter. Many are saying time to look for another job! A wasted investment in the MA programme if you canít retain the MAs!
You throw resignation letter already ah?

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  #223 (permalink)  
Old 24-02-2019, 01:57 PM
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Would-be MAs take note. Donít be conned!

What a joke! The compensation system really sucks! HR and compensation team better go back to school and learn the meaning of reward and performance. And learn your Math too!

Increment is not related to performance grading. Band 1, 2 or 3 all same increment. Same absolute amount. Master grads increment less than non master grads both in terms of absolute amount and %. So Band 1 master grads ended up with less increment than band 2 and 3 non master grads. What logic is this! The higher your salary base the more pathetic your increment in % .

Bonus is so called performance based but the difference between the different bands is so marginal. Slogged the whole year for nothing. Bonus not in terms of number of months. An absolute amount for each band. Calculation by month band 1 master grads ended up less than band 2 non master grads.

Hello HR and compensation team you sure you passed your Math in school?

2018 was a good year for DBS yet the good results not reflected in the MAs bonus . In-programme analysts have bigger bonuses .

Higher starting pay but lower compensation. Ended up annual income not great at all. Like what is mentioned in some of the posts above Ė enticed us with a good starting pay then take back from our increment and bonus.

HR if you are reading this thread take note. No point keep changing the programme to tackle the high attrition rate. Treat the MAs like fools and you expect to retain them after the 2 year programme? Morale is so low this week when the MAs received their compensation letter. Many are saying time to look for another job! A wasted investment in the MA programme if you canít retain the MAs!

Woah woah woah... few days never visit the forum and so many summary pointers from fellow MAs DBS:
1. Unfair and pathetic compensation (same increment for all Band 1, 2, 3) (manipulates compensation: good starting pay, but lousy increment and bonus >> total remuneration package is worse than other financial institutions)
2. No more rotation/exposure in different groups
3. Uncertainties faced by the current MAs
4. High attrition rate (defensive top-down HR blames MAs for high attrition rate)
5. Lack of transparency
6. Disregard of MA's feedback (changes to the programme without prior consultation with the MAs)
7. Unfair in terms of MA recruitment (senior management recommendation can straightaway get into MA programme already)
8. Threatening from HR about escalating issues to management then HR will kena whack
9. Mundane work (e.g. heavy paperwork which requires thorough human checks)
10. Unhappiness in the rotation, but got stuck there for months

These 10 points about DBS sounds to me like it is really unglamorous from the way it seemed, really gg lol. On second thoughts now. But hey, mind sharing your compensation/remuneration package? (e.g. starting salary, increment)?

From what I heard outside, even foreign banks like UBS offered more than $6K for their Graduate Talent Program, which requires no prior working experience at all. Given that DBS requires 2 to 3 years of experience, I suppose the pay should be better than what the foreign banks are offering?

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  #224 (permalink)  
Old 24-02-2019, 02:34 PM
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Hi current/senior/alumni MAs,

Thank very much for your insights, am an applicant.

Could I ask you all, since many of the applicants have also stated that we are currently still at PLI stage, how long did you all (current/senior MAs) wait per round?

Understand that previous MAs are students/graduates-to-be, so perhaps the selection period was possibly shorter in time frame but these year MA applicants are all working adults and due to start work only in Jul/Aug if selected, hence is our selection period longer?

Or current/senior MAs also waited a month long per round?
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  #225 (permalink)  
Old 24-02-2019, 03:37 PM
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You throw resignation letter already ah?
You pig's brain ah? Of course must send out CV and get an offer 1st.
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  #226 (permalink)  
Old 24-02-2019, 03:56 PM
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Hi current/senior/alumni MAs,

Thank very much for your insights, am an applicant.

Could I ask you all, since many of the applicants have also stated that we are currently still at PLI stage, how long did you all (current/senior MAs) wait per round?

Understand that previous MAs are students/graduates-to-be, so perhaps the selection period was possibly shorter in time frame but these year MA applicants are all working adults and due to start work only in Jul/Aug if selected, hence is our selection period longer?

Or current/senior MAs also waited a month long per round?
Our recruitment process is different. Started around Sept/Oct - Online test, video interview etc. Then if you passed you would be called for a 12 -hour mackathon either in Nov or Jan. About a week after mackathon shortlisted applicants will be called up for 2 panel interviews. Each panel will have 2 interviewers. Offers given out soon after the panel interviews. I had my mackathon in Nov and an offer on the 1st week of Dec.
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  #227 (permalink)  
Old 24-02-2019, 04:16 PM
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Our recruitment process is different. Started around Sept/Oct - Online test, video interview etc. Then if you passed you would be called for a 12 -hour mackathon either in Nov or Jan. About a week after mackathon shortlisted applicants will be called up for 2 panel interviews. Each panel will have 2 interviewers. Offers given out soon after the panel interviews. I had my mackathon in Nov and an offer on the 1st week of Dec.
Thanks v much for the info, seems like our this year applicant timeline is pretty on track too. Did you all just have year-end performance review or sth? Judging from the posts above

Think the waiting time is due to:
1) year-end performance review?
2) working adult applicants, hence not so rushed
3) extended the application deadline to end Febí19
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  #228 (permalink)  
Old 24-02-2019, 06:11 PM
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how are the rotations decided?

Do you get to choose or express interest?

Thanks guys
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  #229 (permalink)  
Old 24-02-2019, 08:29 PM
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To the past MAs, how does DBS determine a successful candidate for the MA programme? Do they put weight on academic background, work experience or etc? In other words, what are the common denominator of the MAs?
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  #230 (permalink)  
Old 24-02-2019, 10:18 PM
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how are the rotations decided?

Do you get to choose or express interest?

Thanks guys
First rotation is assigned, subsequent rotations are based on a list. If two people end up interested in the same role, then interviews are conducted. Some roles have interviews regardless of number of applicants.

Not sure How it will work for the new programme
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