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13-04-2020, 10:13 PM
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Quote:
Originally Posted by Unregistered
DBS Treasures is different from DBS Private Bank. If you don't even know this, talk to the hand.
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I will be alarm if a fresh grad can so easily become a DBS PB RM.
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13-04-2020, 11:14 PM
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Quote:
Originally Posted by Unregistered
I will be alarm if a fresh grad can so easily become a DBS PB RM.
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It's not easy, it was a lot of hard work. Don't look down on all fresh grads please.
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14-04-2020, 03:24 PM
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A simple check at DBS' website will show that Personal Banking < Treasures < Private Bank. Which category a customer belongs to depends on the amount of Assets Under Management (AUM) he has with the bank. Consequently, being an RM in DBS Private Bank is the most prestigious, followed by Treasures and finally PB (in fact PB RMs are not called as such, instead they are simply know as Personal Bankers). It is not difficult to become a PB. The Bank does hire fresh private uni grads as PBs. Becoming a Treasures RM is slightly harder. Typically, there are 2 ways to get there: 1) Enter as a fresh grad Treasures ARM (Assistant Relationship Manager) or 2) excel for 3-5 years as a PB RM. Private Banking RM is a whole new ball game; it is many, many times the jump from PB to Treasures, and understandably so as the difference in AUM from Treasures to Private Banking is several times that from PB to Treasures. The range of financial instruments and investment vehicles available to a Private Banking customer is much greater than that for a PB or even Treasures customer. As a result, the prestige of being a Private Banking RM is much greater than that of a Treasures RM. The core of all 3 jobs are the same though: Generating as much sales as possible.
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14-04-2020, 07:52 PM
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Quote:
Originally Posted by Unregistered
It's not easy, it was a lot of hard work. Don't look down on all fresh grads please.
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Most ARMs do not become RMs until about 4-6 years later.. and there are still a couple of AVP/ VPs who are still SARM.
The fastest way to become a RM in DBS is probably via the MA prog path (years ago) where MAs in CBG are groomed to become a RM.
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14-04-2020, 07:56 PM
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Quote:
Originally Posted by Unregistered
A simple check at DBS' website will show that Personal Banking < Treasures < Private Bank. Which category a customer belongs to depends on the amount of Assets Under Management (AUM) he has with the bank. Consequently, being an RM in DBS Private Bank is the most prestigious, followed by Treasures and finally PB (in fact PB RMs are not called as such, instead they are simply know as Personal Bankers). It is not difficult to become a PB. The Bank does hire fresh private uni grads as PBs. Becoming a Treasures RM is slightly harder. Typically, there are 2 ways to get there: 1) Enter as a fresh grad Treasures ARM (Assistant Relationship Manager) or 2) excel for 3-5 years as a PB RM. Private Banking RM is a whole new ball game; it is many, many times the jump from PB to Treasures, and understandably so as the difference in AUM from Treasures to Private Banking is several times that from PB to Treasures. The range of financial instruments and investment vehicles available to a Private Banking customer is much greater than that for a PB or even Treasures customer. As a result, the prestige of being a Private Banking RM is much greater than that of a Treasures RM. The core of all 3 jobs are the same though: Generating as much sales as possible.
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Actually the ranking in DBS wealth management goes: PB > Treasures Private Client (TPC) > Treasures.
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14-04-2020, 11:28 PM
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Quote:
Originally Posted by Unregistered
A simple check at DBS' website will show that Personal Banking < Treasures < Private Bank. Which category a customer belongs to depends on the amount of Assets Under Management (AUM) he has with the bank. Consequently, being an RM in DBS Private Bank is the most prestigious, followed by Treasures and finally PB (in fact PB RMs are not called as such, instead they are simply know as Personal Bankers). It is not difficult to become a PB. The Bank does hire fresh private uni grads as PBs. Becoming a Treasures RM is slightly harder. Typically, there are 2 ways to get there: 1) Enter as a fresh grad Treasures ARM (Assistant Relationship Manager) or 2) excel for 3-5 years as a PB RM. Private Banking RM is a whole new ball game; it is many, many times the jump from PB to Treasures, and understandably so as the difference in AUM from Treasures to Private Banking is several times that from PB to Treasures. The range of financial instruments and investment vehicles available to a Private Banking customer is much greater than that for a PB or even Treasures customer. As a result, the prestige of being a Private Banking RM is much greater than that of a Treasures RM. The core of all 3 jobs are the same though: Generating as much sales as possible.
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finally someone who knows his stuff
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17-04-2020, 08:16 PM
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Hi all, I just got offered for the SME banking role. Anyone else heard back?
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17-04-2020, 10:15 PM
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Quote:
Originally Posted by Unregistered
It's not easy, it was a lot of hard work. Don't look down on all fresh grads please.
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Clearly not good enough - if not you’ll be at one of the American bulge brackets or UBS/Credit Suisse. Or even the fallen DB (lols).
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18-04-2020, 09:07 AM
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Quote:
Originally Posted by Unregistered
Hi all, I just got offered for the SME banking role. Anyone else heard back?
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Congrats! Did they call you via mobile after work hours? :O
No calls or emails for me.. Haha
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18-04-2020, 12:43 PM
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Quote:
Originally Posted by Unregistered
It's not easy, it was a lot of hard work. Don't look down on all fresh grads please.
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My previous post of DBS PB RM - I meant DBS Private Banking RM, not DBS Personal Banker RM.
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