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Topic Review (Newest First)
06-07-2021 09:24 PM
Unregistered
Quote:
Originally Posted by KKK View Post
I don't understand why you need to talk down to people in BO. Is it your insecurities gnawing at you? This isn't a dick measuring contest so unless you have anything positive or useful to contribute why don't you fk right off?

And no, before you assume I'm from BO, I'm not.
Don't pretend like your FO
06-07-2021 06:30 PM
KKK
Quote:
Originally Posted by Unregistered View Post
BO people are legit so pathetic and sad
I don't understand why you need to talk down to people in BO. Is it your insecurities gnawing at you? This isn't a dick measuring contest so unless you have anything positive or useful to contribute why don't you fk right off?

And no, before you assume I'm from BO, I'm not.
06-07-2021 04:05 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
BO people are legit so pathetic and sad
You in FO meh? HAHAHA
06-07-2021 03:27 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Ofc got difference between FO and BO lah. FO usually for cream of the crop. Earn more but the work there is much more stressful. WLB can also be argued to be worse as well (esp in IBD). Not sure for OCBC, but this is definitely the case for foreign banks.

Nevertheless, you will still able to lead a more than comfortable lifestyle in BO. Rmb, not everyone can make >4k after grad. That easily puts you above the 75th percentile of your age group & prolly slightly above the median if you compare across all local degree programmes. High flyers can make VP in 6-8 years, avg performers maybe 7-9 years, lousy maybe stuck at AVP salary ceiling or make VP in ~12 years - so what? Not everyone needs/wants to make 20k or more in their careers.
BO people are legit so pathetic and sad
06-07-2021 11:10 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
That is right. Young Banker Programme (YBP) was restructured to Graduate Talent Programme (GTP) in 2018/19. From what I gather online, the programme was extended to 2 years vs. 1 year when it was YBP and all GTs were promoted to Manager at the end of the 2 years. But when it was still YBP, most ops and tech YBs took 2 years to promote from Assistant Manager to Manager after the programme ended and another 2 years to promote from Manager to AVP. Whereas for FO divisions like Corporate Banking and Consumer Financial Services, I couldn't find any YB that took 2 years to promote from Assistant Manager to Manager and another 2 years to promote from Manager to AVP. They took 2 years to promote from Assistant Manager to AVP vs. 4 years for ops and tech. Difference in treatment between FO and BO is stark, not just in terms of promotion but also other areas I heard....
Ofc got difference between FO and BO lah. FO usually for cream of the crop. Earn more but the work there is much more stressful. WLB can also be argued to be worse as well (esp in IBD). Not sure for OCBC, but this is definitely the case for foreign banks.

Nevertheless, you will still able to lead a more than comfortable lifestyle in BO. Rmb, not everyone can make >4k after grad. That easily puts you above the 75th percentile of your age group & prolly slightly above the median if you compare across all local degree programmes. High flyers can make VP in 6-8 years, avg performers maybe 7-9 years, lousy maybe stuck at AVP salary ceiling or make VP in ~12 years - so what? Not everyone needs/wants to make 20k or more in their careers.
06-07-2021 10:35 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I think it’s not fair to him to call out as fake news cause he checked LinkedIn and he is probably talking about people seniors from 5 years ago whereas you are talking about 2019 onwards.

So it’s just different periods and it could be that both of you are right.
That is right. Young Banker Programme (YBP) was restructured to Graduate Talent Programme (GTP) in 2018/19. From what I gather online, the programme was extended to 2 years vs. 1 year when it was YBP and all GTs were promoted to Manager at the end of the 2 years. But when it was still YBP, most ops and tech YBs took 2 years to promote from Assistant Manager to Manager after the programme ended and another 2 years to promote from Manager to AVP. Whereas for FO divisions like Corporate Banking and Consumer Financial Services, I couldn't find any YB that took 2 years to promote from Assistant Manager to Manager and another 2 years to promote from Manager to AVP. They took 2 years to promote from Assistant Manager to AVP vs. 4 years for ops and tech. Difference in treatment between FO and BO is stark, not just in terms of promotion but also other areas I heard....
05-07-2021 11:26 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
To debunk this fake news:
From 2019 batch onwards, it is guaranteed promotion from associate to assistant manager to manager (including Ops) regardless of division due to change of programme structure. AVP will take another 1-2 years depending on various factors.
I think it’s not fair to him to call out as fake news cause he checked LinkedIn and he is probably talking about people seniors from 5 years ago whereas you are talking about 2019 onwards.

So it’s just different periods and it could be that both of you are right.
05-07-2021 08:30 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Based on my LinkedIn stalking, promotion from Associate to Assistant Manager after 1 year seems guaranteed, but from AM to Manager after 1 more year seems guaranteed only for non-ops. Some ops YBs/GTPs take 2 years to get from AM to M. From M to AVP, seems like CFS and GCB also take 1 year, while other divisions take 1-2 years with most ops taking 2 years. So an average CFS/GCB takes 3 years to hit AVP while ops 5 years....
To debunk this fake news:
From 2019 batch onwards, it is guaranteed promotion from associate to assistant manager to manager (including Ops) regardless of division due to change of programme structure. AVP will take another 1-2 years depending on various factors.
05-07-2021 07:04 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Ya lor, ops where got ppl in VP and MD?

Just diam la NUS Trainee, really sibei gao xiao
He is prolly the type earning 2.5k on one year contract in those bk traineeship programmes in UBS. Then title he put “Investment Banking” or “Wealth Management”.
05-07-2021 07:04 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Ya lor, ops where got ppl in VP and MD?

Just diam la NUS Trainee, really sibei gao xiao
He is prolly the type earning 2.5k on one year contract in those bk traineeship programmes in UBS. Then title he put “Investment Banking” or “Wealth Management”. Fking cringe.
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