Standard Chartered International Graduate Program 2015

Originally Posted by Unregistered

Haha do u actually know anything or just shooting off the hip?

Exxon is 4-5 times the size of SCB in revenue, profit and market value. Exxon competes for grads with the likes of Shell, Google, Microsoft, MBB trio etc. Their banking equivalent is JPM and Goldman.

A commercial UK/SG based bank that is currently in financial trouble is not a relevant comparison with Exxon honestly.

All of them would fail, including some of the major oil n gas without the govt intervention.
Interventionism leads to more malinvestment which would require more intervention[/QUOTE]

BP and Halliburton are cutting down on their staff...

then again, the oil and gas situation may improve... who knows...

just go for something that interests you

dun join BP, a lot of market talk out there that Shell is going to take over them and u can be sure that they will massive chop all the existing BP staff if that happens.

my friend work there and he told me even in sg a lot of people from BP are desperately sending CVs to Shell & Exxon, most of the top performers already kana poach by the 2 BBs already.

SCB definitely better pay and prospects than Exxon. For the same job banking will pay 40%-50% higher than oil and gas and bonus double the amount.

Originally Posted by Unregistered

SCB definitely better pay and prospects than Exxon. For the same job banking will pay 40%-50% higher than oil and gas and bonus double the amount.

Are you sure?

I was with ConocoPhillips 2 years ago as an analyst in the customer planning space and was drawing 7.3k with bonus at ~5 months. By your numbers you mean banking sector pays ~11k + 10 mth bonus for the same job???

Originally Posted by Unregistered

Are you sure?

I was with ConocoPhillips 2 years ago as an analyst in the customer planning space and was drawing 7.3k with bonus at ~5 months. By your numbers you mean banking sector pays ~11k + 10 mth bonus for the same job???

Unlikely. 11k monthly + 10 months bonus will bring the total package to 250k a year, you need more like SVP level in foregin banks to get so much...

Originally Posted by Unregistered

SCB definitely better pay and prospects than Exxon. For the same job banking will pay 40%-50% higher than oil and gas and bonus double the amount.

i call bull...

a SVP in scb is paid 800k+ annual all-in, no way oil & gas can match

The program will allow you to rotate among the different teams within your stream. To the best of my knowledge, there is no international rotation during the course of the 1 year. There is however considerable mobility to be deployed in a permanent position outside your home country upon the completion of your program me.

The quality of the program is probably so-so in terms of academic rigor - you'll get to do 1 or 2 academic sessions over the year (prob in HK/KL/SG or Shanghai). You'll get to learn about the fundamental basics of the main banking products but the intellectual rigor will probably not be comparable to say an analyst training program in a large investment bank for instance. You will however, be graded and given a ranking out of your cohort which in the absence of any differentiating factor between you and your fellow IG when the crunch comes to competing for jobs, it will count.

Remuneration probably starts out the same across all streams, but your longer term earning potential diverges after your deployment. I'm guessing Coverage & Corp Fin (IBD+Corp Banking) will probably provide the highest remuneration potential followed by FM / TB. Consumer Banking, GTO will probably tend to pay lower by virtue of the nature of the business.

If you have absolutely no clue about what you want to do, ambivalent about banking / no finance background, this can probably get your foot into banking and let yourself figure out what you actually want to do after moving around. If you one of those who specifically know what exactly what role in banking that you want to pursue, say IBD etc, then you are probably better off applying to a bank with a tailored analyst training program which puts you in one entire team (the permanent team that you work with) right from the start.

The most comparable program would probably be that of the Citi Global MA program, which in my subjective (possibly incorrect) opinion, is more prestigious simply on the basis of where the alumni end up - Citi is possibly more generous when it comes to promoting its own trainees and some do actually make it to the highest echelons of their chosen fields within the bank. SC IG program however, i don't think there are many leaders within the organization who were ex-IGs since the bank generally hires laterally.

Originally Posted by samtanjw

Hi Guys,

Just thought i'll start up the thread for the Standard Chartered International Graduate Program 2015.
There are a number of streams available for grads and it looks like a quite well structured program.

Anyone has any idea of the work culture, remuneration etc or just some general feedback on this program.

Good luck applying!

Originally Posted by Unregistered

Unlikely. 11k monthly + 10 months bonus will bring the total package to 250k a year, you need more like SVP level in foregin banks to get so much...

Actually, some front office associates may likely make that a amount all-in. Not even SVP level. And SCB is not even the top-paymaster on the street. Granted there is wide disparity and comp is largely dependent on your function/department/team within the bank

has anyone gone to the HR or panel interview stage?