Standard Chartered International Graduate Program 2015
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! |
Hi
I just completed my Video Interview 2 weeks ago and still awaiting news.
Anyone heard anything after the video yet? |
Waited 3 wks+ after the video interview.
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Nope, still waiting.
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Selection process
Hi guys, is it a standard process that SB invites everyone who applied for the program to an online strength assessment test shortly after?
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any idea what is the pay strucutre like across the different areas?
Whats the pay ladder like after the 1st year? |
s://.wikijob.co.uk/forum/investment-banking-financial-services/standard-chartered-bank-2015-graduate-programme-0
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is the SCB program or Exxon grad scheme better? which one harder to get in?
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about the Standard chartered international graduate program, video interview etc
Hey you guys? Judging by the ".sg" I'm assuming you're applications were done for the Singapore post. I applied for I.G in Kenya. Still no word yet on my status after the video interview which I did exactly 2 months ago. I do, however, have a Nigerian friend who got an invite, on the 12th, after his video interview to do a phone interview.
Hope alive I guess... |
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Your friend must be a Nigerian prince to be invited for interview so early. |
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"Antarctica" btw. |
UOTE=Unregistered;59569]is the SCB program or Exxon grad scheme better? which one harder to get in?[/QUOTE]
You should go for SCB if possible. Everyone knows banking offer better pay and progression than any other industry. Exxon although also famous not as big as international banks or better brand in CV. |
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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. |
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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.[/QUOTE] 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 |
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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.
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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??? |
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a SVP in scb is paid 800k+ annual all-in, no way oil & gas can match
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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. Quote:
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has anyone gone to the HR or panel interview stage?
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As per this article, private Bankers salary is not as exaggerated as this claim. |
Can confirm that front office associates in bulge bracket investment banks (only investment banking division or S&T, excludes asset management, private banking, consumer banking front officee etc.) are paid around 250k all in (ranging to 300k). Also note that these are not 'management associate' programmes but are direct streams into IBD and S&T from the start.
Also, figures refer to only bulge bracket global investment banks and not regional banks (e.g. HSBC, StandChart, DBS do not count). |
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AM pay dosent differ too much in a BB too, fyi. |
Egger
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Exposure
Despite SCB is an UK based bank, you dun see any SCB ATM and branches in UK.
SCB has only got big presence in Singapore due to Temesek being its shareholder. I will not count SCB as those big ass investment banks in Wall streets and London financial district. SCB is just a foreign shell with Singapore internal organs, don’t expect SCB to pay big bucks salary. |
Hi! Has anyone made progress with the 2019 applications? Got an email that they're making HR phone interviews this November, but I've not heard back.
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Hello, did anyone receive any news after the video interview? Been a while on my end too after the video interview, but no news so far
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yes I did. I did a phone interview with HR them final Skype interview with MD's. waiting for results from my final interview
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