Banking Jobs - risks & opportunities

[tpj2000]

Originally Posted by Unregistered

depends on where ts come from.

if is big stable mnc, then it is very stupid to give up all this and jump into danger with just a miserable 15% increase. if scared this scared that just stay put and dun backside itchy act hero.

if come from sme no hope and chance to move up, just grab first talk later. at least if dont work out 2 years later got a bank in the cv cant be a bad thing.

Yes, exactly my sentiments. I am the option 2. Annual increment is 2%.. Not much to look forward. Maybe about the bottom 40% of Singaporean median.

路已经走到这里了，只好奋力一搏。

如果“Banking”不行，就回去“Systems”。不要在一棵树上吊死。恭喜恭喜！

The RBS and the Stanchart ish sure die one lah. They reverse gear back to their old town, ditch singapore liao...
Barclays ish still dunno want to ditch dun wan to ditch, but every day cut cut here cut cut there...

Only the HSBC and DB ish still interested. But the HSBC is super the big, 250k staff... dunno when must genocide. DB ish loss 6billion in Q3 - when barclay is still profit 1billon..

maybe DBS still the best!!

aiya forget add: if you wan go DB also can lah, since they really like 10 years no retrench singapore staff. I also google here google there - no find significant evidences.

for the barclay, nvm lah... they so undecided - anytime RBS singapore, we die... (THESE UK banks ahhh!!)

ps: TS you quite talent, this type of timing they still hiring you. you no scare lah just go

To TS,

The question always falls back to sustainability;

Family - can you justify loss of income to your loved ones
Status - are you willing to exercise prudence and give up 'face' factor
Investment - are you equipped with ancillary revenue channels to cushion the impact

With such uncertainty, prove your worth to the company and if appreciated, promotions might be visible. Else, take a sabbatical leave to relief your cortisols.

Uncle took the 'blames', 'insults', 'grievances' and 'disfigured' losses and start up a business. Never look backed since but still helped those who did the above 'losses' to me.

[tpj2000]

Originally Posted by Uncle MK

To TS,

The question always falls back to sustainability;

Family - can you justify loss of income to your loved ones
Status - are you willing to exercise prudence and give up 'face' factor
Investment - are you equipped with ancillary revenue channels to cushion the impact

With such uncertainty, prove your worth to the company and if appreciated, promotions might be visible. Else, take a sabbatical leave to relief your cortisols.

Uncle took the 'blames', 'insults', 'grievances' and 'disfigured' losses and start up a business. Never look backed since but still helped those who did the above 'losses' to me.

Thank you Uncle MK

Originally Posted by Unregistered

You are trying too hard to predict your actual prospect and retrenchment probability by googling around for random big picture articles. Retrenchments and pay cuts in bank is one of those things that will hit you when it hits you, no point keep thinking and analyzing, a lot of times its about luck and wrong place wrong time.

You could be doing the same work with same performance, but suddenly you get fired he gets promotion, god knows why. Those who in banking long enough have seen so many times already.

BO is cost centre and pressure to cut cost is forever there. If you really so panicky cannot stand the uncertainty and want job stability and stable increments & bonuses every year, then banking is not for you.

So where does those get retrenched go? Do they continue in the cycle or go else where?

Originally Posted by Unregistered

So where does those get retrenched go? Do they continue in the cycle or go else where?

Into infinite void ~~

If you have not made a decision, take a look again at the climate.
Not the best time to move.

actually it depends what culture the bank have.
UK banks, Swiss banks, German banks, US banks, Local banks with Global CEO, Local banks with Local CEO...