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Thread: Any thoughts on OCBC SGUnited Traineeship jobs to share? Reply to Thread
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26-07-2020 01:49 PM
goespro.tocall Sunday bump!
24-07-2020 07:01 PM
Unregistered
Quote:
Originally Posted by goespro.tocall View Post
Wow looks like that route is quite no hope then.

Any good ways for engine background to enter banking sector mid-career?
Errrrr do MBA? 😂
24-07-2020 05:29 PM
goespro.tocall
Quote:
Originally Posted by Unregistered View Post
agreed. the govt funding is 50% of salary and no CPF contribution requirement. can you imagine the amount of cost incurred to convert to full time, including CPF contributions?
trainee: ~2.5k (OCBC pays 1.25k only)
full time: ~3.8k (OCBC pays 4.44k with CPF)
THAT IS 3X THE COST!!

don't forget, they also hired for the GTP. so traineeship is EXTRA hires. they have already fulfilled their talent quota. trainees are like interns, used for short term only.
Wow looks like that route is quite no hope then.

Any good ways for engine background to enter banking sector mid-career?
23-07-2020 09:12 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
OCBC takes graduates every year through the graduate talent programme (GTP). These are ppl who pass many interview stages and considered cream of crop type.

So when they have to hire ppl one year from now, they will much prefer cream of crop fresh grads from next years graduating batch instead of converting the 3000 trainees that they took in thanks to heavy gahmen funding for 1 year only.

Bottom line is: Once no more gahmen funding they will let u go.
agreed. the govt funding is 50% of salary and no CPF contribution requirement. can you imagine the amount of cost incurred to convert to full time, including CPF contributions?
trainee: ~2.5k (OCBC pays 1.25k only)
full time: ~3.8k (OCBC pays 4.44k with CPF)
THAT IS 3X THE COST!!

don't forget, they also hired for the GTP. so traineeship is EXTRA hires. they have already fulfilled their talent quota. trainees are like interns, used for short term only.
22-07-2020 09:29 PM
Unregistered
Quote:
Originally Posted by goespro.tocall View Post
Could you share why you said "unlikely to convert"?
OCBC takes graduates every year through the graduate talent programme (GTP). These are ppl who pass many interview stages and considered cream of crop type.

So when they have to hire ppl one year from now, they will much prefer cream of crop fresh grads from next years graduating batch instead of converting the 3000 trainees that they took in thanks to heavy gahmen funding for 1 year only.

Bottom line is: Once no more gahmen funding they will let u go.
22-07-2020 09:09 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
if you have other offers, please consider them. OCBC isn't a company that you will want to associate with
Please elaborate. Thanks!
22-07-2020 08:35 PM
Unregistered if you have other offers, please consider them. OCBC isn't a company that you will want to associate with
22-07-2020 02:46 PM
goespro.tocall
Quote:
Originally Posted by Unregistered View Post
Agree. OCBC also unlikely to convert trainees to full time. For me i also think not justifiable unless you are jobless and have no other option
Could you share why you said "unlikely to convert"?
22-07-2020 01:14 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
The traineeships are restricted only to graduates within the 19/20 cohort.

In any case, the pathetic allowance is only justifiable if you go through a traineeship that equips you with hard skills. (I.e. VBA, R, SQL, Stata, Matlab)
Agree. OCBC also unlikely to convert trainees to full time. For me i also think not justifiable unless you are jobless and have no other option
22-07-2020 12:07 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I am employed in the public sector with some years of non-transferable experience as a paper pusher.

Is it a good idea to join one of these traineeships for retraining? Willing to take the pay cut as "course fees" if they would actually be useful in transitioning into a new industry.
The traineeships are restricted only to graduates within the 19/20 cohort.

In any case, the pathetic allowance is only justifiable if you go through a traineeship that equips you with hard skills. (I.e. VBA, R, SQL, Stata, Matlab)
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