Corporate Treasury or Investment Banking (DCM)

Originally Posted by Unregistered

You're right , it's ridiculously low, but it might be due to the tight labor market now. I guess you might also be comparing to BBs. Regionals like OCBC , BOC , Maybank usually start off below 5 if I'm not mistaken. The 3.5 - 4.5 is verbal and indicative only.... But if they officially offer 3.5 , I find it really low also.

Just thinking if the increment will be quick and if after probation there will be pay revision or not. I'm pretty sure the role is not for operations/support - pitch books , book building etc is incovolved in the role

In comparison the treasury role is for a car manufacturer MNC / conglomerate

whats the pt even if ur right? the whole purpose of joining ib is to make big money. if ur gonna make shiit pay that is lower than local banks admin/support then join for what? attain higher purpose in life?

as for all those promise abt future pay increases, i wont even bother with that rubbish. u talk i say who confirm? if they really value u as proper ib, they would not come up with such a ridiculous proposition just to save peanut cost every month. if its ur co. would u settle for an average guy who will be doing multi billion dollar deals in order to save 3k a mth?

Originally Posted by Unregistered

So if on management trainee then it's worth considering ?

Definitely go for it. better than your bank offer.
But the selection for this years daimler trainees hasnt been completed right?

If u join DCM in a tier 3 bank, you can still transfer internally after a few yrs, to take on other treasury roles such as fixed income trading, sales etc. There's a possibility that if you stay on in DCM and make it to tier 1-2 banks when mkts pick up in future and when you're experienced, you still can make big money. Its also not uncommon for ppl to move from banks to corp treasury.

In the corp treasury side, there are diff aspects, roles such as cash, loan management, commodities hedging, FX, rates trading etc. Bigger MNCs generally more risk appetite. You can become manager to treasurer/ treasury director n a few lucky ppl become CFOs (maybe smaller to mid firms) if you're very capable.

So as someone pointed out, the outcome of your choice is not linear and many things can change or happen in your career. But generally banks pay more than corp unless u make it to senior management in corp

just curious, is it maybank?

perhaps CIMB?

Originally Posted by Unregistered

If u join DCM in a tier 3 bank, you can still transfer internally after a few yrs, to take on other treasury roles such as fixed income trading, sales etc. There's a possibility that if you stay on in DCM and make it to tier 1-2 banks when mkts pick up in future and when you're experienced, you still can make big money. Its also not uncommon for ppl to move from banks to corp treasury.

In the corp treasury side, there are diff aspects, roles such as cash, loan management, commodities hedging, FX, rates trading etc. Bigger MNCs generally more risk appetite. You can become manager to treasurer/ treasury director n a few lucky ppl become CFOs (maybe smaller to mid firms) if you're very capable.

So as someone pointed out, the outcome of your choice is not linear and many things can change or happen in your career. But generally banks pay more than corp unless u make it to senior management in corp

Very insightful, thanks!

Hi, I'm currently working in Corporate Treasury for a MNC. I think Treasury in smaller firms can be really quite boring but in a large MNC, you really get to see a lot of things, particularly if you are in the HQ.

A quick overview on what we do, we structure our treasury as an in-house bank where we process daily FX for our subsidiaries and we also take deposits and give loans to our subsidiaries as we try to keep the spread within the Group. We also engage in the typical cash management where we try to maximise the efficiency of cash around the world.

In addition, we do loan documentations, cash flow projections for the group, structuring capital structure towards the target ratio, etc.

We also have our own investment portfolio. And of course, we also provide advisory services to our subsidiaries on whether to engage in more sophisticated interest rate swaps, fx instruments, cross ccy swaps, initiation of MTN programmes, etc.

All in all I think there's alot one can learn and do in Corporate Treasury because it is your role to keep the interest expense low and at the same time, ensure that all your operations are properly funded and the day-to-day business can process smoothly. It is definitely not a mundane job because things in the economy change frequently, e.g. interest rates, fx rates, political issues, and you will be forced to constantly keep yourself up to date.