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24-09-2013 04:00 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
hmmm why is that so? i thought SME banking should be more lucrative?
maybe cos its not as easy to sell to individual as compared to selling to SME, thats why they give more comm to personal
20-09-2013 06:11 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
which bank gives the best comm for personal banker?

i have heard that it's not so easy to get into DBS (their personal bankers are called branch relationship managers), they only want degree holders with some working experiences but yet their comm is like **** as compared to other banks.
opps the **** is s.h.i.t
20-09-2013 06:07 PM
Unregistered which bank gives the best comm for personal banker?

i have heard that it's not so easy to get into DBS (their personal bankers are called branch relationship managers), they only want degree holders with some working experiences but yet their comm is like **** as compared to other banks.
19-09-2013 09:58 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
if you are looking at money, SME side actually doesnt pay as well as personal banking (to my surprise). not sure why cos the banks do squeeze alot out of SMEs.
hmmm why is that so? i thought SME banking should be more lucrative?
19-09-2013 09:52 AM
Unregistered if you are looking at money, SME side actually doesnt pay as well as personal banking (to my surprise). not sure why cos the banks do squeeze alot out of SMEs.

for personal banking side, your pay will increase as you move on to be RM and beyond as you serve higher net worth customers. im not sure how the progression for SME bankers is like.

i gt offered both positions as a fresh grad few years back. eventually decided front office might not be for me. apart from long hours and stress, you really have to be determined.
19-09-2013 09:47 AM
Unregistered Although there are many kinds of sales that can make more money, personal or commercial banker is consider not bad. Good performers can make 500k+ yearly, so also not bad as a career.
19-09-2013 09:18 AM
Unregistered hmm actually maybe business banking may have more opportunities in terms of banks to work for i think. Consumer banking is only limited to the local banks and a few key foreign banks like hsbc/scb/citi/maybank/cimb and to a lesser extent boc.

Business banking and corporate banking on the other hand includes many offshore branches who handle subsidiaries of their MNCs etc. Apart from all the banks mentioned above you also have the 3 big japanese banks; SMBC, BTMU, Mizuho who each employ ~700 staff, then you also have a wide spread of middle eastern banks, korean banks, european banks etc all doing mainly corporate banking and investment banking etc.
18-09-2013 09:38 PM
Unregistered Go with where your interest is, consumer banking or business banking...

To me, i think both can be lucrative. Some people can say business banking more 'glam' or atas but if you are more interested in consumer banking, you will do better there than if you choose business banking. Thats my opinion.....
18-09-2013 09:11 PM
stevengoh
Quote:
Originally Posted by Unregistered View Post
If you want high leverage commission, selling unit trust, strucutred products or credit cards to some man on the street will not make you much. Same for selling WC facilities, term loans or small mortgages for SME. You need to move to high value sales side for the money.
hi that will come from experience right? such as being promoted to another level....
18-09-2013 09:09 PM
stevengoh
Quote:
Originally Posted by Unregistered View Post
If you wana cheong sales and intend to make serious big money, you should be targeting enterprise level sales in other industries or PB/IB in banks. Why waste time on mass market retail sales jobs?
hi i assume pb is private banking and ib is investment banking. my NTU degree is not finance or biz related, grades are ok but not stellar and i was previously from an industry totally unrelated to banking. hence cant get into IB and i think for PB, one needs to have lots of experience right?

was thinking i start from 'entry level' again and move up. and the money seems ok too, in fact more than my 'fixed pay' previously.
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