Salary.sg Forums - Reply to Topic
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs > Corporate Treasury or Investment Banking (DCM)

Income and Jobs Discuss jobs, career options and of course salaries




Salary.sg Forums

Thread: Corporate Treasury or Investment Banking (DCM) Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
31-05-2016 09:10 PM
Unregistered 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.
16-05-2016 01:52 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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!
15-05-2016 11:23 AM
Unregistered
Cimb

perhaps CIMB?
15-05-2016 09:32 AM
Unregistered just curious, is it maybank?
14-05-2016 11:32 PM
Unregistered
NUS da best

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
14-05-2016 08:13 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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?
14-05-2016 05:03 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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?
14-05-2016 01:56 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Daimler? If you're not on the management trainee track and/or you don't speak german then don't bother.
So if on management trainee then it's worth considering ?
14-05-2016 12:21 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
In comparison the treasury role is for a car manufacturer MNC / conglomerate
Daimler? If you're not on the management trainee track and/or you don't speak german then don't bother.
14-05-2016 12:12 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
3.5k doesn't sound like IB to me, that's even lower than most BO jobs. Are you sure you are not confusing IB operations/support with IB proper?
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
This thread has more than 10 replies. Click here to review the whole thread.

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off




All times are GMT +8. The time now is 05:38 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2