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career options: OCBC or MTI

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  #1 (permalink)  
Old 24-02-2015, 02:39 PM
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Default career options: OCBC or MTI

Hi, I am a fresh graduate and have applied to OCBC Young Bankers Programme (Group Ops) and MTI. I got both offers but I believe this two options will give me very different lifestyle altogether. I am looking at the long term, and hopes to start out at a place where I can learn the most, even if I need to OT etc. But I think I also need my organization to provide equal opportunities to grow, and recognise my efforts.

Just wanna hear from you guys how should I go about making my decision. Anyone who happens to know more about either one of these organizations well, please feel free to comment

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Old 24-02-2015, 03:45 PM
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Originally Posted by young View Post
Hi, I am a fresh graduate and have applied to OCBC Young Bankers Programme (Group Ops) and MTI. I got both offers but I believe this two options will give me very different lifestyle altogether. I am looking at the long term, and hopes to start out at a place where I can learn the most, even if I need to OT etc. But I think I also need my organization to provide equal opportunities to grow, and recognise my efforts.

Just wanna hear from you guys how should I go about making my decision. Anyone who happens to know more about either one of these organizations well, please feel free to comment
You seemed to have come to a conclusion internally, but just wish to validate your decision through people providing their insights. Essentially one offers more stability and transferable skills in the long term, while the other offers a faster pace of progression with huge revenue. Follow your heart and go for the bank.



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Old 24-02-2015, 04:35 PM
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I believe you should know civil service well enough as so much info online. But just want to point out that I notice that some people have the mistaken impression that OCBC Young Bankers Program is a MAP, a.k.a management fast track.

Recruitment sales materials from OCBC imply that without explicitly saying it. Base on what I hear in the market, this is not true both in terms of pay and career progression. It is more of a stuctured program for the hiring of junior execs in the sense that they have the rotation and curriculum more planned out for a specific stream then going into a bank as a normal fresh hire which tends to be more uncertain and fluid (there are pros & cons for both avenues)

But in terms of pay and promotion prospect, it is not much different from an average degree guy that joins a bank as an Analyst or Associate. So just set your expectations accordingly, banks usually pays higher than average but expects much longer hours. But don't go in with the expectation that this is a special program that is going to bring you big bucks or make you a senior manager soon.



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Old 24-02-2015, 05:16 PM
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Originally Posted by young View Post
Hi, I am a fresh graduate and have applied to OCBC Young Bankers Programme (Group Ops) and MTI. I got both offers but I believe this two options will give me very different lifestyle altogether. I am looking at the long term, and hopes to start out at a place where I can learn the most, even if I need to OT etc. But I think I also need my organization to provide equal opportunities to grow, and recognise my efforts.

Just wanna hear from you guys how should I go about making my decision. Anyone who happens to know more about either one of these organizations well, please feel free to comment
Hi, what is the pay for both jobs like? Also, what is the job scope for the position that you have in MTI? We won't be able to provide you with an accurate advice unless you provide us with more info.
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Old 24-02-2015, 05:32 PM
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I was in the same situation 2 years ago. Went through the whole interview process, even had a webcon with 2 SVP etc. and when HR call me say want to offer so excited that my hands were shaking. I was expecting ard 4.5k +/- 200 since some my peers who get MA offers are drawing that, but when the girl tell me some number (can’t remember) that was way below I was so disappointed that I already make up my mind that instant to reject, but just politely tell her I need to think through.

Quote:
Originally Posted by Sttea View Post
I believe you should know civil service well enough as so much info online. But just want to point out that I notice that some people have the mistaken impression that OCBC Young Bankers Program is a MAP, a.k.a management fast track.

Recruitment sales materials from OCBC imply that without explicitly saying it. Base on what I hear in the market, this is not true both in terms of pay and career progression. It is more of a stuctured program for the hiring of junior execs in the sense that they have the rotation and curriculum more planned out for a specific stream then going into a bank as a normal fresh hire which tends to be more uncertain and fluid (there are pros & cons for both avenues)

But in terms of pay and promotion prospect, it is not much different from an average degree guy that joins a bank as an Analyst or Associate. So just set your expectations accordingly, banks usually pays higher than average but expects much longer hours. But don't go in with the expectation that this is a special program that is going to bring you big bucks or make you a senior manager soon.
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Old 24-02-2015, 08:24 PM
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Quote:
Originally Posted by Sttea View Post
I believe you should know civil service well enough as so much info online. But just want to point out that I notice that some people have the mistaken impression that OCBC Young Bankers Program is a MAP, a.k.a management fast track.

Recruitment sales materials from OCBC imply that without explicitly saying it. Base on what I hear in the market, this is not true both in terms of pay and career progression. It is more of a stuctured program for the hiring of junior execs in the sense that they have the rotation and curriculum more planned out for a specific stream then going into a bank as a normal fresh hire which tends to be more uncertain and fluid (there are pros & cons for both avenues)

But in terms of pay and promotion prospect, it is not much different from an average degree guy that joins a bank as an Analyst or Associate. So just set your expectations accordingly, banks usually pays higher than average but expects much longer hours. But don't go in with the expectation that this is a special program that is going to bring you big bucks or make you a senior manager soon.
sour grapes cannot get inside talk rot…. Go back to improve the cv and get a proper job.
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Old 24-02-2015, 09:50 PM
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MTI officers work long hours. So in terms of work-life balance, I'm not sure whether ocbc or MTI is worse.

If you are thinking about long-term, I think civil service offers more stability. However, the upside is limited.

Will you be joining MTI as an economist? This career path may be something worth trying because of the specialised skill sets and higher pay (compared to other civil service schemes).
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