OCBC young bankers' prog vs DBS MA prog
 

Which is better? Would appreciate any advice/comments. Thanks!

OCBC

10chars

Can I know why do you say so? Thanks!!

young bankers prog is not a MA prog. apparently some ppl who are in the ocbc yb prog think that they are a MA prog. boost their inferiority complex i think. haha.

OCBC young bankers is graduate program, not a MA program. OCBC's MA program only admits masters degree holders or internal promotions.

Also, DBS's MA program pays better than OCBC young bankers.

Thanks for the replies. Do you all know roughly how much is the pay for these 2 prog?

Will be nice to hear sharing of the starting salary for the graduate programs/MAs

ups for replies

DBS MA has a wide range of starting pay from $3900 to $4800, depending on the department you are posted to.

OCBC young bankers has a starting pay of about $3600.

Source: heard from my friends who got into these programs.

Why no Uob :( how much is Uob MA paid

UOB ma is 2.8k

No choice, family run enterprise love to save on 'outsiders' salaries.

Only the wee family get the big pay

Is it true OCBC young bankers is 3.8k starting pay?

Ups for replies

????????????

i love the way you're so polite about this.

OCBC.

Orh Chee Bye Company.

I myself been working as an operations officer since i graduated from UOL last Aug.

Im not a MA but they take back about 55k a year excluding bonus.

Starting pay for degree is 3200 as of now still.

Looking at the local bank MA pay I really wonder what is so attractive about it that so many fresh grads fall head over heels to apply. Their monthly seems a bit higher, but they don't pay aws at all, so if you add up the annual package it doesn't really seem higher than what a lot of other industries / public sector can offer to fresh degree grads.

2 reasons:

1) prestige. satki to work in bank
2) network. once u step in door means can socialise with the rich and move to ib/pb side & next time can make few hundred k a year.

of course in real life most ppl in bank just end up overwork & underpaid. only small minority will make it big.

Depends on class of honours, it might be higher/lower than the other local bank.

Quoted from ://forums.salary.sg/income-jobs/7898-oversea-chinese-banking-corporation-young-bankers-programme-4.html#.WLp_6fl97IU:
"hi all
pay for this grad program depends on your class of honours (irregardless if local or overseas degree)

1st class - 4.4k
2nd upper - 3.8k
2nd lower - 3.3k
not sure about pay for 3rd class and below

start of program includes 3 weeks training and 1 week overseas training (usually go to KL)

this program is good if you applying to all divisions except ops & tech division (O&T)

the tech division sucks especially... if you come in late and tap in at 9:01am an email will be sent to your supervisor saying you are late.. and guess who does your appraisals?? (your supervisor duh!)

there's also of sai kang to do such as planning for events and even for CNY the O&T in this program have to train and perform lion dance during CNY (like seriously they make fresh grads do lion dance when other divisions just hire external parties to dance)

my advice is this program is decent if you are NOT joining O&T. if you are applying to O&T i urge you to reconsider and would advice you apply to other banks which have similar pay/programs but dont have so much non-value adding sai kang to do.

however understand that job market now not so good... so if really no choice then coming here is better than not having a job.

anyway have been here in the tech dept for 2 years and am really sick of this place..constantly reorg.. tons of bureaucratic red tape.. always coming back on weekends to deal with issues etc etc
yesterday was my last day officially with the bank. am saying all this so that at least future grads will have all this information before deciding to join O&T, and hopefully not make the same mistake i did. for those applying to non-O&T should be fine and program is same as other banks"