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Topic Review (Newest First)
15-10-2020 12:52 AM
megan2019 Indeed, nowadays there are a lot of scammers and frauds linked with the insurance. You must be careful and very attentive to the terms you are offered. More than all, you can make inquiries about how many crimes related to financial fraud are committed daily at the moment. Frankly speaking, there are many complaints about banks, which are often complicit in thefts and fraud. Therefore it is, on the contrary, good that they are vigilant and play it safe. When there are such companies like that help to resolve human problems associated with loss and damage as a result of fraud. So, be glad that they try to prevent fraud right away it is better than to find the ways how to return stolen.
29-05-2020 07:56 PM
Originally Posted by COVID-19 View Post
Do you know this girl called Avril then
Of course i do. Shes amazing
29-05-2020 03:25 PM
Unregistered Any other companies available this year?
24-05-2020 04:02 PM
COVID-19 As an IMAPer, you will have a mentor, buddy (for each rotation), coach (supervisor) and will need to do a performance review every rotation. Because IMAPers are fresh grads, it is hard to justify and ask for a higher pay. Plus it's actually competitive (first class honours go to Prudential IMAP).
The programme was disappointing as there were a lot of random projects that took up a lot of our time and we don't really learn much. There is immense cognitive dissonance that comes from being told I'm supposed to be appreciative of my amazing opportunities as an MA, while having to face a reality that the job I'm assigned to is one of the most uninspiring things I could do with my life.
At the end of the program, I was told that my choices (which were where I rotated to), will never have headcount due to automation, efficiency, and job freeze (this was years before covid). To HR, I am just a pawn, a chess piece. They told me I'm a plaster, to go wherever the organisation needs.
Then one day I applied to another company and was offered an amazing opportunity.
24-05-2020 03:55 PM
Originally Posted by Marshlover View Post
So true.. the short skirts and the off shoulder tops

do not join if you are attached like me. lots of temptation.
Do you know this girl called Avril then
09-05-2020 03:19 PM
Originally Posted by Marshcares View Post
Marsh imap got chio bu hehe
So true.. the short skirts and the off shoulder tops

do not join if you are attached like me. lots of temptation.
09-05-2020 02:59 PM
Marshcares Marsh imap got chio bu hehe
09-05-2020 02:45 PM
Originally Posted by Lol View Post
To those interested in the program, take it as if you wanna explore an (unique) industry
This is neither your MA program in banks nor the Grad programs in civil service.

I was part of the program in one of the (then) big3 brokers.

Some overseas exposure when sent to London w your batchmates, awesome fun with bunch of same age folks roaming Central London/UK.

Salary was pegged at 3.2k (sucked balls, had to drive grab to make up for the income gap)
No performance bonus
Rotation meant you don't have a home dept/boss to fight for your promotion/increment during appraisal
Colleagues are not the smartest nor the brightest (not good for professional growth if you aren't young, no one to look up to in office)
Post grad certification (many peers fail miserably - xia suay - but it was quite easy for me, aced it and they will give you some paper with your name on it. Mehhhh)
Full of (incapable) ang mohs who talk more than they pang sai
Bond of $xxxxx

Only 2-3 people I know from the program stayed on in the industry.

The rest left on the dot when their bonds are up or be like me break the bond to jump out of the program, company and industry all together.

That being said with covid infecting this economy, I guess the industry will get a bumper intake of quality people from imap.

Come back from London then break bond? Aon?
09-05-2020 02:43 PM
Originally Posted by Unregistered View Post
Is that you Alvin haha
Who are you ? Don't anyhow expose people here.

Whatsapp me.
09-05-2020 02:39 PM
Originally Posted by Random12345 View Post
I'm not denying that this is a good industry. But all I'm saying is if you come in as an IMAP. You are very under valued as an MA. I know of friends who are executives after 2 years (eg same as fresh hire grading). I also know of MAs who earn less than direct hires who just came in. I hate to break it the truth but as an IMAP myself I came in believing my future is bright and all will be well, but honestly with MAS sponsoring half your salary, companies take you in as a cheap hire. If you're lucky to find one company that really want to groom you as a true MA then congratulations (there are cases like this, promoted and significant salary increase after completion). I'm just saying this isn't the case for most other IMAPs i personally know.

If i had the choice again. I would rather be a direct hire as compared to a rotating IMAP. Yes i agree be patient 10 to 15 years you will reach it there 150K per annum no problem. But then again lets think of it logically ...10 to 15 years. Which industry will not give you 150K after 10 to 15 years (assuming you don't screw up and work diligently and move up the rank normally, promote once per 3 years which is relatively slow... you're already 5 ranks higher after 15 years and should be fetching 10K plus per month)

My point and conclusion here is just that: it is not worth it to be an IMAP thats all. Cause from my experience and what i observed. The fast track is a scam and i believe that's why many decided to join IMAP for a so called fast track future right? No insults to the industry, i highly reccomend all fresh grads to join the industry as a broker/underwriter or actuary it is a good career. Just probably not under the IMAP scheme. As for ACII yeah maybe it is getting more recognised but like the poster pointed out, its a relationship business. Your connection is your power not your cert.

Ps. For privacy sake I'm not gonna reveal which batch and big3 I'm in. Please understand that. Observations are from people i know cross batches including current to even the very first batch when it was not even called IMAP yet. This is my very opinion. But of course since its a forum everyone is dedicated to their own very honest opinions.
Are you Kong tat, Kenneth, Wijohn or Melvin?
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