Working for a bank

[rachelt12]

I don't have any high expectations in working sa bank, kasi known na talaga na mababa ang salary.

what i'd like to know is that, does the benefits compensate for this? 16th months pay is not enough, what benefits is?

position would be front liners: new accounts or tellers..bank is International Bank and Allied Bank.

please help. thank you so much!
rachelt12@yahoo.com

[dhines]

i've worked for a bank for six years, now i've moved to another industry.

yes, the basic is small but i believe that the benefits compensates for this.

i am getting more now than what i used to get from the bank but sometimes i miss the bank's benefits. and maybe if you add all my benefits and the work hours, i may be better off in the banking industry.

well, to start with you can have monthly rice subsidy (1k), 15 - 16 month-bonus, medical allowance 5k, educational allowance 5k, car plan (mine was 40% paid by the bank, the 60% is loanable), housing loan, salary loan, etc....

but as in all case, depends on what position you'll be.

[greenspan]

rachelt12, well working for a local bank as an entry level position, is like working on a minimum wage...

do the math...

[aajao]

starting wage is minimum as a frontliner/teller but benefits compensate this. especially if you stay there longer... that is, if you wouldn't get bored doing the daily "routine".

i miss working in a bank. the longer years you stay, the higher your compensation becomes, regardless of job position. you could stay as a new accounts clerk or teller for years and get a higher salary than a newly-hired Cash Operation Officer. ;)

[starwish]

dhines... *** bank have u worked for before? is it a local or an intl bank? ok nga kyo sa benefits!

im currently working in a bank, bale 2 1/2 yrs na ngayon.. pero *** sa teller position or frontliners sa min, mataas *** job level and salary, the more na mas may contact ka sa clients, the more na mataas ang level... starting ata ngyon is about php12T, but u get 85% pag probi pa lang (4-6 mos)... *** uniform is one of the benefits, may loans rin, pero, unlike dhines, ndi pa ko naka-encounter ng sagot ng company *** 40%..bka sa officers na un... tas, yearly ang increase ng salary, across the board and based on performance... ok *** workplace, maayos sya, and the people, friendly sila (well, most..ndi **** maaalis *** may mga antipats minsan)... medyo fair din ang promotion procedures, kse if u want to b an officer, may exams rin and criteria to follow...

nga ***, im working in an intl bank, but i hope sana medyo makatulong din to...

[sweet_7326]

ok ang bank for tenure. i work for one. and i must say yung benefits nya compensate for the small basic pay that i receive. although not as much nga lang if i worked for an IT company... pero it has its rewards.

[jhulZz]

yeah i do agree with that.. minimum wage earners ang tellers ng bank namin, wawa naman.. clue : not an international bank definitely

[sweet_7326]

i don't work for an international bank either.

but i have to admit medyo maliit nga ang starting ng mga frontliners.

the pay gets better once covered by CBA, kasi ang increase usually - cba, tapos minsan may merit increase pa. may mga tellers nga na mas malaki pa ang sweldo kesa sa newly hired junior officer kasi mas matagal na sila sa bank.

[jhulZz]

i do heard of that.. in other banks, they don't want to be promoted kasi malaki na sweldo nila as tellers.. less responsibilities pa! it's like.. "i'm contented with my life as a teller!"

[quinone]

maliit ang basic pero malaki naman magbigay ng benefits ang
mga bank. yung iba hanggang 18 month pay (metrobank &
chinabank i believe) may nagsabi sa akin na after 5 years of
service pwede silang mag car/housing loan. may shoes
allowance, medicine allowance, uniform at kung ano-anung
loans. kung may union, may signing bonus. syempre VL, SL,
yearly merit increase.

kaya nga lang mahirap mag take ng leave & matagal ata
promotion lalu na sa branch banking division.

[sweet_7326]

Originally posted by jhulZz
i do heard of that.. in other banks, they don't want to be promoted kasi malaki na sweldo nila as tellers.. less responsibilities pa! it's like.. "i'm contented with my life as a teller!"


this is true. my aunt retired as a new accounts frontliner after 25 years sa solid bank and her retirement pay was around 500% higher than the branch manager who retired the same year.

[dhines]

Originally posted by starwish
dhines... *** bank have u worked for before? is it a local or an intl bank? ok nga kyo sa benefits!

im currently working in a bank, bale 2 1/2 yrs na ngayon.. pero *** sa teller position or frontliners sa min, mataas *** job level and salary, the more na mas may contact ka sa clients, the more na mataas ang level... starting ata ngyon is about php12T, but u get 85% pag probi pa lang (4-6 mos)... *** uniform is one of the benefits, may loans rin, pero, unlike dhines, ndi pa ko naka-encounter ng sagot ng company *** 40%..bka sa officers na un... tas, yearly ang increase ng salary, across the board and based on performance... ok *** workplace, maayos sya, and the people, friendly sila (well, most..ndi **** maaalis *** may mga antipats minsan)... medyo fair din ang promotion procedures, kse if u want to b an officer, may exams rin and criteria to follow...

nga ***, im working in an intl bank, but i hope sana medyo makatulong din to...

i worked for epcibank

[Tmac_1]

what bank nga pala pinakamataas magpasweldo. grabe, i was not expecting na ganyan kababa ang sweldo sa mga banks!

[sweet_7326]

dhines, officer ka sa equi? am with equi also. :) AM ka siguro when you left, kaya 40% shouldered ng bank sa car plan mo. :) where are you working now? ako am thinking of moving na din... :) probably to another bank din. hehehe i love the banking industry :)

tmac1, hindi lahat sa sweldo. check the benefits too. i think best paying benefits - metrobank and bpi. of course if i say equi eh di parang binuhat ko sarili naming bangko diba? :D we get 15 months, monthly rice subsidy, etc etc etc and other stuff dhines have mentioned.

[aajao]

musta na ang epci? my batchmate & good friend is still there. pareho kaming new accounts but then i resigned for personal reasons.
kundi nangyari ang mga nangyaring pangyayari sa buhay ko, :D nasa bank pa rin sana ako. hindi ko linya ang trabaho, mababa ang sweldo, pero busog ka sa benepisyo! at limang araw sa isang linggo lang ang pasok, bayad pa ang pang-anim na araw. *okay*

sa mga naghahangad magtrabaho sa banko, ask Kuya Danny of his advises. Ok yan! ;)

[rainbow78]

I'm from bdo working for almost 5yrs. I'm assigned in a branch pero i will not tell you kung saan :) Anyways, okey yung benefits kaya lang we dont have any shoes allowance or rice subsidies. We only have grocery allowance for 1,000 quarterly in the form of SM gc. :D Minimum wage nga ang starting dito pero as you stay nag-increase kasi may CBA kami. kaya lang ang working hrs namin is from 9-6. unlike yung other banks na hanggang 3 lang sila open for public so very tiring talaga pag nasa branch ka naka-assign.

[minesweeper]

Originally posted by sweet_7326
dhines, officer ka sa equi? am with equi also. :) AM ka siguro when you left, kaya 40% shouldered ng bank sa car plan mo. :) where are you working now? ako am thinking of moving na din... :) probably to another bank din. hehehe i love the banking industry :)

tmac1, hindi lahat sa sweldo. check the benefits too. i think best paying benefits - metrobank and bpi. of course if i say equi eh di parang binuhat ko sarili naming bangko diba? :D we get 15 months, monthly rice subsidy, etc etc etc and other stuff dhines have mentioned.

hi! im from equi too... pero kakastart ko pa lang this year pero regular na ako ngyn... =) ok naman training dito sa equi... pero yung workload depende kung san ka mapupuntang project... :)

[pauster007]

Originally posted by rainbow78
I'm from bdo working for almost 5yrs. I'm assigned in a branch pero i will not tell you kung saan :) Anyways, okey yung benefits kaya lang we dont have any shoes allowance or rice subsidies. We only have grocery allowance for 1,000 quarterly in the form of SM gc. :D Minimum wage nga ang starting dito pero as you stay nag-increase kasi may CBA kami. kaya lang ang working hrs namin is from 9-6. unlike yung other banks na hanggang 3 lang sila open for public so very tiring talaga pag nasa branch ka naka-assign.

Kulang sa benefits BDO?

[rachelt12]

tagal na din pala ng post ko...hehe..
well, i honestly didn't really want to work in a bank kc, hindi ko sya linya! (i graduated as a designer!) pero my cousin's cousin knew somebody so, i got in just as easily.

naturally, it was really hard (sometimes, it still is) kasi i know absolutely nothing about accounting (btw, i am a new accounts clerk sa bank na ito, we, nac practically do everything! kulang na lang at mag lampaso ng sahig!)

it has been 6 months na and, at this point, work sometimes is okay, sometimes is not. and there are those days, like today, where i can just use my pen and stab the manager!
hehehee...

oh well, still dreaming of a really good job...in any case, if i do find one, i'll leave this job without any .0001% of hesitation!

so, in conclusion, the pay really sucks! lucky for other bank workers like bdo or bpi or epci, mine is really below minimum. i thank God that i live just behind the bank, or else, i'll lose my entire salary on food and transpo alone!

take care guys!

[CLY]

rachelt12,

what bank are you working for? hehe. if you dont mind para di na ko apply dyan...

[pramish]

onga rachelt12.. what bank? PM us ha. :)

[j_l_uy]

rachelt12... you sound like one of my friends. :) Which I am a bit worry... coze she might appear tommorow on newspapers for murding her manager...

[pauster007]

rachel...reveal the bank's name ha :) or pm na lang din thanks

[rachelt12]

tagal ko na rin hindi naka-punta sa post ko. can't say the bank e baka mapatay ko ng manager (instead of me killing her first!) ..hehe..

clue: conventional bank to, meaning, old fashioned kaya siguro mababa nga talaga sweldo ko.

o yah, will be having interview sa bdo as new accounts/teller, okay kaya dun??! though starting is P7450. P1000 higher than my current! and i've only been there for 6+ mos lang! hehe...

sana may iba pang job opportunities other than banks! hehe....

[CLY]

Rachelt12,

why not try HSBC or CitiBank??? HSBC 11.2k pag-probi and 13k++ pag-regular na. just accepted their job offer.

although nababaan pa din ako sa sweldo ng mga banks kasi dati kong job 15k net na nakukuha ko. ok kasi benefits sa bank kaya accept ko na din.

[edching908]

Originally posted by sweet_7326
ok ang bank for tenure. i work for one. and i must say yung benefits nya compensate for the small basic pay that i receive. although not as much nga lang if i worked for an IT company... pero it has its rewards.

I beg to disagree. I have worked for Metrobank before and I'm also aiming to work for tenure. That's no longer true, especially if the bank keeps on acquiring and merging with other banks. I'm only expecting to retire at around age 45-50 normally, but I got my retirement offer 7 years earlier than that. Moreover, I'm still within the bank's own self-imposed three year contract after passing an officership revalida or management training. The bank itself violated their own provision by offering me an early retirement within the contract period. Supposedly I can only be offered as such in March 2004, but they already gave it to me in October of 2003.

Also, there are those who still believe that our bank gives generous benefits and bonuses. As to the former, it still has. However, some bonuses are now limited to just branches that are making profits, such us its traditional profit sharing and anniversary pay. If a branch does not earn, its branch head right down to the staff won't be getting any share of the profits or the bonuses. The safest I would say, that a Metrobanker can get in terms of bonuses, is the traditional 13th month pay and the 2 month Christmas bonuses, or just 15 months total, not 18, as some here believe, because that was years ago.


To CLY,

I've tried submitting my resume to HSBC. They told me they have no more vacancy. Just wondering. That's why I left banking totally and ventured in other areas. I pity the banking industry here. They just are steeped in money and are more than ever less and less sensitive to its people and more to more to their bottomline. Good luck to those that are still there or are about to get in there. Hope you'll survive the retrenchment dagger. I just became one of its "victims".

[CLY]

hmmm, so i think its better to work in really big and stable banks. para walang merger and d ka ma-layoff or ma-offer ng early retirement. :)

[KuyaDanny]

Hard to generalize there. Mergers involve both big and small banks. BPI and Metro, two of the largest domestic banks, have been involved in significant merger activity several times in the last 20 years. Both are stable, too.

Even if you are working for the bank that survives a merger, there is no assurance your job won't get cut. You might have a counterpart in the acquired bank who is paid less, more competent, and more ambitious. In such a case, guess who will be offered early retirement?

[FendeR_21]

Hi Rachelt12, hang on to your job, its hard to find one these days. You're a designer right?, i also belong the same line, why dont you get a job that pertains to design? :)

[pinkrose]

How about Keppel Bank? Kamusta naman dito? How about the pay and benefits sa Keppel?

[tidus1203]

Eh sa Chinabank naman po kamusta??

[rabbaddal]

Actually, if you look at your career in terms of the bigger industry instead of just any bank in particular, there is plenty of opportunity for career advancement and compensation growth in banking. To put it in perspective, a bank is engaged in many different lines of businesses (ex., retail, private, asset management, capital markets, treasury, commercial / corporate, etc.), with each catering to a different set of skills and personal interests. The people whom I observed to be quite successful (ex., reaching VP in a large bank before the age of 40) where those who targeted the line of business that best-suited their passion and kept themselves open to opportunities within the industry, such as getting pirated by other banks (some of them have worked for up to 6 different employers).

For those wanting to join a branch, they should first ask themselves if they love sales – calling up and getting people in the neighborhood to open new accounts, or convince existing clients to try a new product offered through the branch – all for the sake of increasing the branch’s assets. These are the kind of people who get promoted all the way up to HQ. People in treasury, on the other hand, love to take risks and make decisions very rapidly.

Also, a low starting compensation package is not necessarily bad, if it can promise good work experience that a banker can use to build his or her resume.

Before you consider working in a bank, take stock first of your skills and interests and see if there is a position that is fit for you.

[sphynkie]

rrachelt12 , yeah! true yang sinabi if you are a new accounts clerks, utusan ka lahat na lang iuutus sa yo, tsaka sobrang dami nag paperworks and of course marami ka ring ifa-file, kailangan yun kasi accountability mo yan, tsaka pag nag audit, hahanapin sa'yo lahat......my gosh!!! I've been working in a bank for 10 yrs, hindi ko nakayanan kaya babu, kaya naman ako umabot dahil inaantay ko lang talaga na may makuha akong retirement kasi sayang naman, I've been a new accounts clerk for 5 yrs, since branch ako mahirap ma promote, if you want promotion you have to take a training for 6 ,mos sa makati office, e, hassle dahil 15 mins lang ako, nasa off na tapos magmamakati ako wag na lang until may nag resign so, na promote ako, but nakakasawa rin kasi nga monotunous ang work day in day out same thing magbilang ng pera na hindi iyo.........anyway, compensated ka naman sa benefits pa lang i thinks no other industry could give you better benefits , kami quarterly ang bonus namin pls christmas bonus and performance bonus, meron pang rice allowance etc. maganada ang benefits.......yun nga lang ma-trabaho.......yun lang.

[louise_17]

hey there! working for a bank too, pero newly hired lang ako.. hehe! branch din.. first few months kala ko ndi ko kakayanin pero eto, i'm still here.. hehe! enjoy naman sha at times, parang everyday iba iba ang mga pangyayari.. pero sa work na to, narealize ko na some people talaga kulang sa disiplina.. like doing simple tasks such as filling up the deposit slips ndi pa magawa ng matino [eh d ba audit finding un..] .. wala lan.. pero dealing with people like that is just part of the job.. buti na lan there are clients na super bait talaga.. kumbaga ok na rin..

[kraymz]

as for me, ok naman magwork sa bank. actually, wala naman talagang perfect industry, work or company eh. laging may pros and cons. however, sa bank ok lang naman eh. lahat naman ng success ay may kasamang opportunities. dapat lang talaga galingan mo at i-develop mo yung sarili mo.stay for 3 years, then apply ka sa ibang banks and ask for twice or thrice of your present salary. yung iba, 3 yrs as staff tapos magaapply sa iba then first level officer na. madami din naman kasing work opportunities sa bank na hindi lang teller. madami pang room sa head office.

bankers, baka gusto niyong magkaron ng sariling thread, para makapag-update tayo sa mga openings at opportunities. bank hopping ba...

[Dudess]

There will really come a time na magsasawa ka sa work mo sa bank. Especially when you're young and ambitious, and advancement takes so long. Paper work can drive you nuts. After working 5 years as staff in a bank way back in the early 90's, I tried to change industry only to go back. Ok na rin naman ngayon, I hold a managerial position, earning P40K+ a month plus benefits. Just have to work hard, huwag tatamad-tamad, maintain a positive attitude, and always be wiiling to take on challenges.

[rabbaddal]

There will really come a time na magsasawa ka sa work mo sa bank. Especially when you're young and ambitious, and advancement takes so long.

Advancement in any industry, including banking, however, would depend heavily on how one would perform vis-a-vis his or her peers. Banks feel competitive pressures too, and there will always be a need to hire and promote talented and passionate people who are well-suited for the job simply because if these people are indeed top performers, other banks will be in the lookout for them as well. Even young and ambitious people can find rapid career advancement in the banking industry provided they do well in their jobs, and it's not unusual to find banking VPs who are in their 30s.

Usually, it's entry-level operations positions that may seem "monotonous" because these can be process-intensive, such as tellers or branch staff. But other job functions such as investment and corporate banking, for example, tend to follow a more rapid pace and changing work climate. In these fields, most of the large banks tend to reward "rainmakers" (i.e. top performers) rather handsomely. Asset management, research and investment management would cater to the more analytical while treasury would suit well for those who like rapid decision making and risk taking.

Bottomline is that it would depend on how one's soft skills and interests fit the job description.

[vandarkala]

Don't work for a local bank, you'll get stabbed in the back.. or on the chest, for that matter.

[tidus1203]

Don't work for a local bank, you'll get stabbed in the back.. or on the chest, for that matter.

Please elaborate why?

[Introvert_S]

mababa talaga ang sweldo lalo na kung nasa IT dept ka. pero pwede mo itong gawing stepping stone for Singapore.... (oops)

[maruzki]

ummm... guys, ok ba sa metrobank? kasi i will be assigned sa IT dept nila but the salary is low pero may CBA and maganda benefits and this will be my first job(fresh grad). should i accept the offer? kamusta naman ba ang working environment dun? pls give me some advice. thanks.

[tidus1203]

As many have said, working for a bank (especially in the beginning) would mean low salary. In fact ganon din sa Chinabank, but the benefits are very very good. And a banking career is fulfilling learning wise and you could learn a lot from it. And maybe in the future apply those what you learn in your own business, if you plan to have one in the future.

[kraymz]

sa tingin ko ok naman sa metrobank. sila ata ang isa sa mga mataas magbigay ng benefits lalo na dati. umaabot ata ng 18 mos. pay sila kung di ako nagkakamali. pati bpi mataas din. sila ata sa tingin ko ang maganda magbigay ng benefits compared sa ibang banks. :)

[slowph]

bpi up to 16th month
metro up to 15 month

may nakaka alam ba ng benefits ng equitable-pci & chinabank?

[tidus1203]

Sa Chinabank up to 15th din. Well thats what their HR guy told me.

[kraymz]

equi pci is 15 month pay. tapos may sign-in bonus at every 2 mos. ata ang CBA nila. maganda din ang may union kasi talagang relatively higher sila compared sa ibang banks na wala.

[tidus1203]

Ok ba yung trader na position. Currently trader ang position ko which nagstart lang ako recently. I am part of the Treasury department, may career growth ba ito? Is this a good job to prepare myself to be a businessman or an investor someday?

[LITHIUM478]

I am 29 na. Meron pa ba positions open sa banks for my age?

I worked before sa HSBC (contractual 5 mos.) and PVB (year and a half). Meron pa kaya suitable post for me sa bank?

[ajoeroooo]

anong work mo sa hsbc na contractual?? ganon kahit pala intl banks nag-iimpose nito

[kraymz]

tidus,
maganda ang trader. maganda ang nasa treasury. sa treasury ang gusto ko talaga kaso dito na ako sa loans napunta. sa treasury kasi parang ikaw yung core ng bank. madami ka matutunan.

[tidus1203]

tidus,
maganda ang trader. maganda ang nasa treasury. sa treasury ang gusto ko talaga kaso dito na ako sa loans napunta. sa treasury kasi parang ikaw yung core ng bank. madami ka matutunan.

Thanks for the reply. Wow kung ganon pala I better up my game in working para mapermanent ako dyan sa treasury.

[LITHIUM478]

anong work mo sa hsbc na contractual?? ganon kahit pala intl banks nag-iimpose nito

Well, 1996 pa yun... nung time na nag wewelga mga empleyado ng HSBC, so they turn to hiring contractuals.

Fresh grad ako nung 96 ng bachelors degree (yet enrolled sa masters degree) so ok lang yung contractual ang work ko. Atleast sa bank (HSBC nga) fixed ang time 8-5 (or 9-6 yata) at walang pasok saturday and sunday, so walang conflict sa MA ko.

Those were the time na nasa PSE Tower 2 30/F ang HSBC... and andaming mga conio na empleyado na graduate ng Ateneo at La Salle, at pa conio effect na taga UP. Gaganda pa ng mga girls. Hmm... trip na trip ko si Garnet sa HSBC Securities Department. :-)

Meron ba taga HSBC dito?

[SaD_AnGeL27]

may idea po ba kayo about BPIs tellership training program?

[golfer_guy]

what is the email address of HSBC's HR department?
thanks :)

[sweet_ryan]

up for this thread

[sweet_ryan]

up for this thread

[Milliardo]

what is the email address of HSBC's HR department?
thanks :)

Which HR department--for the bank or for HDPP (HSBC Data Processing Philippines--the call center arm of HSBC)?

[masterjedi]

hi there guys! i'm a fresh grad and i'm planning to work in a banking industry kaso my undergrad major is political science. i wonder if grads of non- business related courses can work in a bank. i read sa website ng banco filipino na requirement ay graduate of any four year degree course. saka anybody here working in banco filipino? ok ba ang salary dyan? thanks in advance!

[tidus1203]

no offense on banco filipino but that bank is not stable enough. I believe bumagsak na yang Banco Filipino dati tapos narevive lang ata yan. You might wanna try the bigger universal banks.

[lizziebare]

I'm working in a bank din.. yung position ko naman sobrang gaan ng work and walang pressure.. minsan nga gusto ko madagdagan ng konti trabaho ko kc nakakahiya naman ng walang ginagawa, hehe...

up to 15th month pay din ata samen, not so sure since I'm new there, may health card.. konti lang benefits...

[golfer_guy]

Which HR department--for the bank or for HDPP (HSBC Data Processing Philippines--the call center arm of HSBC)?

sa bank :)

[masterjedi]

I'm working in a bank din.. yung position ko naman sobrang gaan ng work and walang pressure.. minsan nga gusto ko madagdagan ng konti trabaho ko kc nakakahiya naman ng walang ginagawa, hehe...

up to 15th month pay din ata samen, not so sure since I'm new there, may health card.. konti lang benefits...

uy, saan po kayo nawowork?baka pwede mag aaply jan..hehehe :)

[sundae_mcdip]

i just had my interview @ metrobank and teller *** entry level n binibigay nla (may mga kasabay kc ako n economics at comsci graduate...im a banking& finance grad)....8600 *** basic (i dnt knw if gross/net) tpos aftr 6 mos pg regular n plus 1k and d benefits...if il accpt dat tric at jip *** transpo ko..ok nb un for a first job?

[mac_bolan00]

honestly, join your first bank as either a management trainee or as an analyst. don't accept a teller's position unless you're desperate.

and always try for the multinat banks first!

[missfifty]

pde narin.. if you dont have a choice, but if u have, dont accept it muna.. 8600 gross? wala ng matitira sa sweldo mo! super baba.. my ibang companies pa naman na nag-bibigay ng relatively higher salaries..

[sundae_mcdip]

mgnda sna *** metrobank kaso dats d only position dat dey giv to entry-level...

[mac_bolan00]

if i were you, i'll accept the teller posting only if the branch was walking distance from my house, or one jeepney ride away (P7.50)

but if it was on the other side of metro manila. i wouldn't.

[rabbaddal]

honestly, join your first bank as either a management trainee or as an analyst. don't accept a teller's position unless you're desperate.

and always try for the multinat banks first!

Most multinationals have already scrapped their mgt. training programs when they adopted the matrix structure (vertical product lines). No more opportunity for fresh grads to rotate across different depts. I'm not sure if HSBC maintains their staff officer training program. Some Philippine banks like RCBC and BPI have kept their officer programs, for now.

Anyway, for those interested in banking, you may want to try an investment bank as an i-bank analyst. Just check out the Investment House Assoc. of the Philippines (IHAP) to get a list of member-firms like ATR Kim Eng, First Metro and BDO Capital.

[mac_bolan00]

yeah, my former boss just transferred to chinatrust (taiwanese). they do follow the matrix system (that thing is more than 15 years old now. we used to study it in MBA). but they still screen top graduates in a system similar to citibank's. it's a JMTC by any name.

[rabbaddal]

it's a JMTC by any name.

I forgot to mention Philamlife's Management Associate Program (MAP). It's not really in banking but in financial services nonetheless.

[mac_bolan00]

i hear victory's not so hot on joining the next season of "the apprentice". how 'bout you?

[cHaSeR]

Ok ba yung trader na position. Currently trader ang position ko which nagstart lang ako recently. I am part of the Treasury department, may career growth ba ito? Is this a good job to prepare myself to be a businessman or an investor someday?

Hi tidus! Are you a bond trader or a foreign exchange trader? You're lucky if you're a fresh graduate. It is very difficult, especially for those fresh out of college, to get into Treasury Departments of banks due to the stiff competition and the very demanding work environment inherent in Treasury dealership and sales. But it's true what they say: being in Treasury is like being on top of the world. "Anak ka ng Diyos" because the decisions you make as a trader would have a significant effect on your bank's overall position since you would be dealing with millions of Pesos for every trade you make. Have you already taken the Treasury Certification Program (TCP)?

[tidus1203]

Hahaha medyo luma na yang post ko na yan, actually I quit on being a trader. I was a government securities trader (FXTN, ROP's and Tbills) as well as money market trader. Yup its the best job around, while some of my friends are having a rough time on call centers ako paupoupo lang on afternoons and no Saturdays and Sundays. However the quota is super steep, and I got a better offer from another company so I made the switch. But if I was a little more mature, then I might consider becoming a trader once again.

[rabbaddal]

i hear victory's not so hot on joining the next season of "the apprentice". how 'bout you?

Malabo ako. They usually accept the entrepreneurial types, which I am not. I would like to share a room w/ Jessie Conners though.

[sweet_ryan]

i'm working in a bank right now, salary-wise, okay naman. 12k during the probationary period and 15.6k once regularized. up to 16th month pay (2 xmas bonus and 2 mid-year bonus) plus variable bonus na usually 2 month
s, kaya parang 18th month pay na din. i actually received 23k salary (gross)on my first month considering na i'm still under probationary period (hehe, kasi naman may 50 hours ot yan), okay na talaga sya.

[sundae_mcdip]

i'm working in a bank right now, salary-wise, okay naman. 12k during the probationary period and 15.6k once regularized. up to 16th month pay (2 xmas bonus and 2 mid-year bonus) plus variable bonus na usually 2 month
s, kaya parang 18th month pay na din. i actually received 23k salary (gross)on my first month considering na i'm still under probationary period (hehe, kasi naman may 50 hours ot yan), okay na talaga sya.


*** bank yan and *** position?

[sweet_ryan]

clerical position in an international bank

[tidus1203]

Mind giving the name please of that international bank??

[babygurl_archer]

i work for Citibank. but not as a teller, i work at the back office.

kahit dito sa US, mababa ang sahod ng mga teller. plus the fact na kelangan mo mag ayos kasi face to face customer relationship dun. sa totoo lang, talo ka pa sa mga damit and make up eh. lol.

so far working at a back office's fine. no face to face customer interaction. and you don't have to wear FORMAL clothes. but just formal na maging desente lang. :)

[aajao]

hi there guys! i'm a fresh grad and i'm planning to work in a banking industry kaso my undergrad major is political science. i wonder if grads of non- business related courses can work in a bank. i read sa website ng banco filipino na requirement ay graduate of any four year degree course. saka anybody here working in banco filipino? ok ba ang salary dyan? thanks in advance!
I am a Mass Comm. graduate and EPCI hired me as New Accounts Clerk. That was in 2001. If things that happened to my life weren't so unpredictable, i could still be working in there up to now. I love the benefits i was receiving in EPCI although the basic pay wasn't too high, bawi naman sa benefits. And besides, if you are gonna work in retail (branches) for Equitable, as much as possible they will assign you on their nearest branch where you live (if the post is available). Also, i understand that the basic pay (in most banks) increases each year, regardless of position. Halimbawa, you are a five-year teller in the branch, may chances na mas mataas ang basic mo kaysa bagong pasok na Junior officer. Seniority counts, 'ika nga. ;)

[misa_]

Mind giving the name please of that international bank??
I think that's HSBC...?

[tidus1203]

I think that's HSBC...?

Masubukan nga dyan mukang mataas ah?? Do you know what openings do they have??

[Faustina]

Any idea how much salary for a sales associate position in Chinabank? :confused:

[tidus1203]

Any idea how much salary for a sales associate position in Chinabank? :confused:

At most P10000 that way I see it I was once a trader there and yup I was just getting P10000 a month. And thats gross mind you. But their benefits are top notch stuff.

[Faustina]

At most P10000 that way I see it I was once a trader there and yup I was just getting P10000 a month. And thats gross mind you. But their benefits are top notch stuff.

Ok ba career growth with Chinabank? I might consider the position they are offering me although I am not really a sales person.. Kung ok ang benefits, working environment, people, management, etc. :D :D

[tidus1203]

I dunni about the Head Office since I was assign at the Binondo Business Center. But as far as Binondo is concern the culture is great, the work environment is great, the people and management are great! Growth is pretty slow though the way I look at it.

[ako si..]

if your going to ask me about your career growth (as in from R&F to Sup.) sa chinabank.. it may take quite sometime (like 3-5yrs) but it's okei kse ganun din naman sa ibang bank. i have friends na sales assoc sa Head office and even one in our branch, masaya ang culture dun kse ang usual age nila dun ranges from 21-27. =)

benefits are really okei lalo na CBA year ngayon..

[silverglitzz]

China bank offers
16th month pay
1.5k ecola (pag manila)
rice subsidy
quarterly perfect attendance bonus
quarterly health bonus

:)

[minesweeper]

yung previous work ko bank pero sa IT... maliit ang salary compared sa ibang companies sa IT industry... pero benefits sa tingin ko parehas lang sa iba.. yun nga lang yung full benefits mo marereceive mo after 2 yrs pa...yng growth mabagal... yung benefits na magaganda (meaning maganda-ganda na ang salary) matatanggap mo pag officer ka na.. yung tipong senior assistant manager or AVP... meron din silang car loan housing loan... ang maganda lang eh di sila super strict pgdating sa breaks hehehe... minsan naglulunch kme 11am hanggang around 2:30... hahaha.. basta ba wala kang mabibitin na gawa or di ka hahanapin ng boss mo..

[Faustina]

if your going to ask me about your career growth (as in from R&F to Sup.) sa chinabank.. it may take quite sometime (like 3-5yrs) but it's okei kse ganun din naman sa ibang bank. i have friends na sales assoc sa Head office and even one in our branch, masaya ang culture dun kse ang usual age nila dun ranges from 21-27. =)

benefits are really okei lalo na CBA year ngayon..

Di ba mahirap kumuha ng clients, if ever accept ko yung position as sales associate? I'm not really a sales person kasi eh.. :D

[tidus1203]

Di ba mahirap kumuha ng clients, if ever accept ko yung position as sales associate? I'm not really a sales person kasi eh.. :D

Actually nasa sayo na yan eh. Pero sa totoo lang mahirap kumuha ng clients talaga. Kung madami kang kilalang mayaman mas magiging madali trabaho mo, otherwise mahirap magconvince ng tao to deposit or invest at Chinabank kasi mababa rate nila compared to most other major banks. Atsaka Chinabank is kinda conservative I believe wala pa din silang UITF while most other major banks meron na.

[ako si..]

to tidus: chinabank will be launching its uitf (dollar) this september. we already had a product briefing/orientation about this.

[ako si..]

faustina: if you're really not a sales person.. i think you should think about considering the postition first. why? because your main job is to get clients for the bank.. make proposals, do product presentations and convince them to bank with us. most of the time it's field work or you are on the phone. you set up meetings/appointments, treat them to lunch or visit their offices.

as far as i know, your quota is 2M for head office and 1M if you'll be assigned in the branch. that doesn't include time deposits.. it's purely current and savings acct (CASA)

but you don't need to worry in getting your clients.. at first you'll be assisted by other SAs and of course your boss. you can also start with your friends then create a network of people. tell them to refer you to their friends and so on..

[tidus1203]

to tidus: chinabank will be launching its uitf (dollar) this september. we already had a product briefing/orientation about this.

Sa September pa? Eh sa Banco de Oro 2 months ago nailaunch na, Metrobank 3 months ago, BPI last year pa ata. Currently BDO has the best UITF in the market mas mataas ang returns kaysa Metrobank and BPI.

[ako si..]

tidus: yup.. nauna na talaga sila.. ewan ko nga ba kung bkit napaghulihan ang CBC. chaka may mga inaayos pa silang procedure regarding sa pag credit sa $SA ng client. kse nun nag seminar kme regarding that medyo marami pa reactions from the branch managers.

even yun initial placement malayo, $50,000!! grabe.. eh yun ibang bank meron ata $2000. if im the BM i don't know how i would sell this product.. ha..ha..

[tidus1203]

WOAH! $50000 minimum, good luck in selling your UITF's pero and steep ng requirements. Eh may Peso UITF yung CBC? Currently kasi I am placing at BDO's Money Market UITF mas mataas kasi yung NAVPU nya kaysa sa ibang bangko!

[kraymz]

aside from chinabank, baka meron pa dyan gustong sabihin yung compensation ng ibang bangko.

sweet_ryan: baka pwde mong sabihin kung anong bank ka nagwowork.

[extraordinaire]

metrobank? Main office in Makati.. okay ba mag-work dito? what are the benefits? salary range?

Citibank in makati? okay ba to work there?

HSBC (same question as above)

Which is the best among the three .. in terms of
1. growth
2. Salary
3 .benefits
4. officemates
5. long term?

I'm still undecided which company to join.

ideas would be very much appreciated .... :)

[tidus1203]

If salary SIGURADO Citibank and HSBC mas mataas sa Metrobank. Kung culture kanya kanya na yan but since foreign companies ang Citibank atsaka HSBC mas iba culture nila in a way. Long term I believe mas ok pa din sa Citibank or HSBC mas prestigious eh.

[rabbaddal]

If salary SIGURADO Citibank and HSBC mas mataas sa Metrobank. Kung culture kanya kanya na yan but since foreign companies ang Citibank atsaka HSBC mas iba culture nila in a way. Long term I believe mas ok pa din sa Citibank or HSBC mas prestigious eh.

Salaries and opportunities for career advancement depend on line of work as well. A deal officer in First Metro Investments (Metrobank's investment banking group) can be paid more than a junior consumer banker or financial advisor in Citibank or HSBC. And the culture in an investment banking, corporate banking or treasury department could be competitive as well.

There is no generic description / standard for a bank's culture or salary level. Banks engage is a wide range of businesses and salaries, benefits and cultures could vary according to the kind of department you join.

[rabbaddal]

BTW, while many people are fixated at starting a career in the banking industry, they may also want to look at the insurance industry as an alternative. Majority of the average Filipino's savings is still concentrated in cash and similar assets so there's plenty of room for insurance comapnies to grow and sell their products. AXA alone exhibited double-digit annual growth rates since it started operations.

The options are not limited to just being an agent. There are opportunities in accounts management, marketing, actuarial science, IT and risk management to name a few. If you're not completely decided on a career in banking, you might want to give this emerging opportunity a second look.

[tidus1203]

Salaries and opportunities for career advancement depend on line of work as well. A deal officer in First Metro Investments (Metrobank's investment banking group) can be paid more than a junior consumer banker or financial advisor in Citibank or HSBC. And the culture in an investment banking, corporate banking or treasury department could be competitive as well.

There is no generic description / standard for a bank's culture or salary level. Banks engage is a wide range of businesses and salaries, benefits and cultures could vary according to the kind of department you join.

Agree. Pero in general mas mataas ang Citibank atsaka HSBC if the work and rank is the same. If lets say investment banker ka for First Metro and investment manager ka sa Citigold Wealth Management mas mataas sa Citigold.

[sundae_mcdip]

pano kung teller in a local bank (BPI or metrobank) vs. HSBC call center (CSR)? which would be better?

[rabbaddal]

Agree. Pero in general mas mataas ang Citibank atsaka HSBC if the work and rank is the same. If lets say investment banker ka for First Metro and investment manager ka sa Citigold Wealth Management mas mataas sa Citigold.

Actually it’s possible that the investment banker from First Metro can get paid more than an investment manager of similar rank (ie. both junior officers) from Citigold Wealth Management, especially if there are a lot of investment banking deals going on. Also, by working on more deals, an First Metro i-banker becomes more visible to top management and senior client executives and increases his / her chances of being promoted faster.

What I'm pointing out is that opportunities in banking are really case-to-case because banks engage in different lines of businesses. For example, an i-banker from First Metro has a different job description from an i-manager from Citigold, which could justify why the person in First Metro could be paid higher and why his / her career prospects may be different.

[tidus1203]

Actually it’s possible that the investment banker from First Metro can get paid more than an investment manager of similar rank (ie. both junior officers) from Citigold Wealth Management, especially if there are a lot of investment banking deals going on. Also, by working on more deals, an First Metro i-banker becomes more visible to top management and senior client executives and increases his / her chances of being promoted faster.

What I'm pointing out is that opportunities in banking are really case-to-case because banks engage in different lines of businesses. For example, an i-banker from First Metro has a different job description from an i-manager from Citigold, which could justify why the person in First Metro could be paid higher and why his / her career prospects may be different.

Sure there are a lot of variables in i-banking, pero given all things equal. Equal volume of investments, basta lahat equal atsaka they deal with the same securities, talagang base pay mano y mano... Mas mataas sa Citibank. Pero 100% sure ako mga entry-level positions sa Citibank mas mataas sa entry-level positions in any local bank.

[tidus1203]

pano kung teller in a local bank (BPI or metrobank) vs. HSBC call center (CSR)? which would be better?

No question HSBC call center pays more in terms of base pay nasa 12K yan pinakamaliit na. Whereas mga tellers for local banks, its just a scratch above minimum wage man. I am of course asuming you're entering with NO EXPERIENCE and a fresh graduate.

[sundae_mcdip]

^^^ pero in terms of growth ok b piliin *** call center? yup fresh grad ako with banking & finance degree

[rabbaddal]

Sure there are a lot of variables in i-banking, pero given all things equal. Equal volume of investments, basta lahat equal atsaka they deal with the same securities, talagang base pay mano y mano... Mas mataas sa Citibank. Pero 100% sure ako mga entry-level positions sa Citibank mas mataas sa entry-level positions in any local bank.

You mentioned something interesting: "Given all things equal..."

In investment banking, very little is equal as far as determination of compensation is concerned. It's not like a teller who's job description is pretty much standardized across all banks.

If you compare the entry-level salary of a deal associate in FMIC vs. the entry-level salary of say, somebody in Citibank's fixed income group (they are not the same but the comparison is more similar that that of wealth management because both do underwriting and sometimes underwrite the same kind of securities), the salaries are actually close but constitute a minimal part of compensation. The main differentiator is who among the 2 gets more deals (and consequently, a higher bonus above base pay). Deal volume is within the control of the investment banker. A good i-banker will get a lot of underwriting deals regardless of whether he's from a local or multinational bank. A lot of deals will also boost an i-banker's resume and make him more marketable in the industry. This also is not dependent on whether the person is from a local or foreign bank.

[ako si..]

to tidus: magkakaroon din ng peso uitf kaya lang di pa alam kung kelan.. nde ko sure kung aalisin na ang trust or they'll set up something para nde magclash against trust accts.

[tidus1203]

^^^ pero in terms of growth ok b piliin *** call center? yup fresh grad ako with banking & finance degree

Pareho lang IMO kasi maskin papano yung call center sa HSBC in-house so meaning you can transfer much easier. Believe me mabagal ang promotion sa local banks. Like it will take you 5 years siguro to become in a supervisory level. While sa mga call centers sometimes even a year pwede ka na maging team leaders. But then again. its up to you where you want to have a career path.

@ako si....

Balitaan mo nalang ako nao mangyayari sa US$CTF sa CBC. Right now the BDO Money Market UITF is really good kasi talangang lampaso ang time deposit dito in terms of earnings. Yung P100000 na nilagay ko dito P1000 na yung earning in 2 weeks time whereas 1 month na ata yan sa time deposit. Its really good....

[Shemale_Lover]

does Metro Bank have a management trainee program?????????

[ako si..]

i have to agree with you.. maganda nga ang earnings... cge balitaan kita when they launch it. good luck to us... ha..ha..

[rabbaddal]

does Metro Bank have a management trainee program?????????

I'm not sure about Metrobank, but the Filipino financial institutions I know that still offer mgt training programs are BPI, RCBC and Philam Life. Citibank has a mgt program for masters grads but it's program centers on a particular line of business (ex. consumer banking) instead of the rotational programs offered by other banks.

[RedLion2001]

does Metro Bank have a management trainee program?????????


Im from Metrobank, or should i say i resigned from metrobank last week. :D
For mgmt trainee prg,it depends on the situation. Your applying for it ba?

[Shemale_Lover]

Im from Metrobank, or should i say i resigned from metrobank last week. :D
For mgmt trainee prg,it depends on the situation. Your applying for it ba?

yes i am. what do u mean it depends ont he situation?

thanks :)

p.s:

i know it's off topic but why did u resign?????

[doremifasolati]

To those who are interested in working at Citibank, they have an opening for an Officer position. They need few more people to fill the slots for their intensive training on August 10.

Just drop by on August 8 (Monday) at 14/F Citibank Tower, 1 Eastwood Avenue, Eastwood City, Libis, Quezon City and look for Ms. Nona G. Reyes. The application is usually a one-day or two-day process that consists of a written examination and series of intensive interviews. The exam usually starts at exactly 9AM and 2PM, so please be on time.

Kindly bring your application letter, resume, transcript of records, and a 2x2 picture. If you have questions just call Ms. Nona G. Reyes, Assistant Manager of Country Human Resources Group at 9958039 / 9959105.

[tammy05]

Shemale_Lover
I ♥ Ladyboys


Join Date: Feb 2005
Location: Kings Castle III
Posts: 661 Quote:
Originally Posted by RedLion2001
Im from Metrobank, or should i say i resigned from metrobank last week.
For mgmt trainee prg,it depends on the situation. Your applying for it ba?



yes i am. what do u mean it depends ont he situation?

thanks

p.s:

i know it's off topic but why did u resign


i also want to know why? thanks

[Shemale_Lover]

Shemale_Lover
I ♥ Ladyboys


Join Date: Feb 2005
Location: Kings Castle III
Posts: 661 Quote:
Originally Posted by RedLion2001
Im from Metrobank, or should i say i resigned from metrobank last week.
For mgmt trainee prg,it depends on the situation. Your applying for it ba?



yes i am. what do u mean it depends ont he situation?

thanks

p.s:

i know it's off topic but why did u resign


i also want to know why? thanks

:confused: :confused: :confused: what was that for?

[extraordinaire]

Im from Metrobank, or should i say i resigned from metrobank last week. :D
For mgmt trainee prg,it depends on the situation. Your applying for it ba?


Question: why did you resign? MY final interview's next week and before going there, I wanna think about it first. :)

[RedLion2001]

sorry for the late reply :)
why do u want to know why i resigned? :D

three years na kasi me dun e, kaya marami na me naipon na reasons to resign :D

cge, i will give u one reason why i resigned, because of my officer sa branch, actually pangatlo na me sa umalis e. pangalawa this year and two more are on the way. :rotflmao:

and some more reasons........ *okay*

[Shemale_Lover]

how bout SEcurity Bank?

any comments on working for this bank?

[extraordinaire]

sorry for the late reply :)
why do u want to know why i resigned? :D

three years na kasi me dun e, kaya marami na me naipon na reasons to resign :D

cge, i will give u one reason why i resigned, because of my officer sa branch, actually pangatlo na me sa umalis e. pangalawa this year and two more are on the way. :rotflmao:

and some more reasons........ *okay*


Oh i see... Thanks Redlion2001!

[RedLion2001]

how bout SEcurity Bank?

any comments on working for this bank?


not really sure regarding sa security bank, wala me friends dun.
r u working na ba sa bank? kung local bank kasi, mdyo angat metro sa iba. lalo na sa benefits. :)

[RedLion2001]

Oh i see... Thanks Redlion2001!


r u working po ba sa bank? tnx :)

[Shemale_Lover]

not really sure regarding sa security bank, wala me friends dun.
r u working na ba sa bank? kung local bank kasi, mdyo angat metro sa iba. lalo na sa benefits. :)

not yet. im still applying. thanks red lion.

so metrobank is the best local bank in terms of benefits? even better than bpi?

thanks again

[tidus1203]

not yet. im still applying. thanks red lion.

so metrobank is the best local bank in terms of benefits? even better than bpi?

thanks again

I don't think so mas maganda ata sa BPI kapag benefits are concerned.... but at least you have the satisfaction that you're working with country's largest bank

[v0elker]

yep metrobank is #1. most people are under the assumption that that coveted distinction belongs to bpi. of course that may change after the bdo-equitable merger.

[extraordinaire]

r u working po ba sa bank? tnx :)

Nope, but i'm thinking of joining a bank. :bashful:

[tidus1203]

yep metrobank is #1. most people are under the assumption that that coveted distinction belongs to bpi. of course that may change after the bdo-equitable merger.

And maybe in the future a BDO-EPCIB-CBC merger. That will be gigantic and unbeatable....

[strangefruit75]

hirap kasi sa bank descriminating about age and non negotiable yun offers. pag nag tumagal ka at di ka nakalabas...dun ka na forever :) kanila na kaluluwa mo hehehe

[tidus1203]

But to be fair naman bank officers are amongst the best paid employees of any industry. And they even have profit sharing benefits, mostly all major bank have this.... Pero before you become an officer nahinog ka na loob nang bangko, now thats the sad part...

[RedLion2001]

^yup, your right. one of my officemate before, after twelve years sa bank e tsaka lang sya naging officer. kung di pa sya nilakad nung manager namin sa mga vp sa h.o. mabuburo ka sa branch. :D

[extraordinaire]

^yup, your right. one of my officemate before, after twelve years sa bank e tsaka lang sya naging officer. kung di pa sya nilakad nung manager namin sa mga vp sa h.o. mabuburo ka sa branch. :D

TALAGA? hhmmmm.... oh well. ;)

[Shemale_Lover]

Can anyone please comment on UnionBank?

is this a good place to work for? how is the salary and the benefits?

sana may mag reply. :)

[RIGOR]

kamusta ba magtrabaho sa ibank? ok ba **?ano ang mga benefits nila

[RIGOR]

bump ko lang ang thread

[emtan]

Hello! I am planning to apply sa bank, but have no idea kung anong bank ba okay. If I'm going to apply, malamang it would be as a teller, new accounts, non-call center CSA/CSR.

I really need feedback kung saan bank okay - how much yung entry level, the working environment, benefits, etc. Thanks so much!

[emtan]

Pahabol lang po... Aside from teller, new accounts may ibang entry level pa ba sa bank?

[tidus1203]

Ako dati naging trader ako as an entry level. BAsically we solicit investments of government securities....

Mahirap sya because of the steep quotas!

[emtan]

syempre di ako marunong kung pano sya gawing up...

anyway, up?

[rachelt12]

hi guys,

i have worked already for 2 banks and kwento nyo naman ang mga worst experiences nyo.

ako, i resigned from the first bank i've worked for dahil sa ugali ng manager ng branch. pangatlo ako na staff na nagresigned duon. *** ibang staff naman duon, can't resigned kasi they have 'nowhere' else to go or may family na kasi sila.

the second bank naman that i've worked for, top 5 sa mga philippine banks pero kakaiba ang systema nila! entry level positions sila as teller and traumatic sobra kasi pool ka agad! and after only a month working sa branch where i was assigned, nilipat ako sa malayo (3 sakay from where i live!) and ako lang na mag isang teller duon!! (take note, i'm still a trainee at that time!)..

kaya now, i don't consider working at the bank anymore. :)

[RedLion2001]

^saang bank ka po? pareho tayo ng experience, yung 1st experience mu po, mdyo sa officer me naasar kaya me nag-resign...

yung 2nd bank ba na tinutukoy mu e metrobank? hehe :D

[emtan]

bump up thread

[louise_17]

the second bank naman that i've worked for, top 5 sa mga philippine banks pero kakaiba ang systema nila! entry level positions sila as teller and traumatic sobra kasi pool ka agad! and after only a month working sa branch where i was assigned, nilipat ako sa malayo (3 sakay from where i live!) and ako lang na mag isang teller duon!! (take note, i'm still a trainee at that time!)..

woah! grabe ha, trainee ka pa tapos magisa ka lang.. lupet naman non..

[Mathew]

Before i worked in the bank and my last position i held was Operations Officer.... Masarap sa bank lalo na pag officer ka malaki salary mo at bonus hehee .. kaya lang nagsara.. the bad part .. right now i am working sa callcenter. ok naman ang pay pero nag start uli ako sa level one at i am marking it to become a TL.. sana.. ang hirap lang sa callcenter.. shifting na graveyard pa.. kaya lang iwas pusoy ka sa traffic.. nasanay na ako work sa madaling araw... mas masarap... Anyway back to the topic,,, kaya lang meron offer sa akin ang bank... OK PA BA MAG WORK SA BANK? They offer me to work sa Branch...

[kulit_kc]

sa mga taga bangko, ano ba ang ibig sabihin ng reserve pool?

[tidus1203]

I dont think reserved pool is a banking only term it applies to every industry.

It simply means na they DON'T NEED YOU RIGHT NOW, pero just in case in the future they need you, you can get the job right away kasi tapos ka na sa interviews at pumasa ka na.... Kung baga pooling!

[SÜX2BU]

Save for a few really nice and smart people you'll meet, one of the most boring and intellectually vegetating jobs is a bank job.

Sorry, I just can't help chuck my been-there-done-that mode.

:)

[emtan]

boring ba sa bank? baket may mga nagsasabi masaya daw? saan ka na ba ngayong sux?

[emtan]

pooling - sabi nila sa bank daw pag reserve pooling kayo daw yung kasama dun sa i aassign kung saanx2 branch pag may nag absent, ewan ko lang kung tama ba pagkakaintindi ko :P

[SÜX2BU]

boring ba sa bank? baket may mga nagsasabi masaya daw?

Yeah, the culture's happy, but I deserved more than being around happy people. Probably I was expecting a more challenging culture.

:)

[tidus1203]

Depende eh, may mga banking jobs na CHALLENGING and REWARDING. I believed being a trader was BOTH, pero it was TOO CHALLENGING FOR ME. REWARDING in a sense na may matutunan ka talagang things na may kwenta.

[emtan]

matthew, naka apply ka na ibank? mabilis ba yung process ng application mo? mahirap ba test? interview? anong position inoffer sayo? help naman!

so far, ang alam ko about ibank, well, okay ang customer service, and wala pa naman akong naririnig na complain about working there. yun lang nga, di ko alam kung magkano exact sweldo. kung alam mo na, post mo naman dito. :P

[im_a_chick]

ok ba sa american express? coz im planning to apply.. new accounts din yata yung position.. but i wanna know more about the bank first.. any comments sa culture, benefits and the job itself? :)

[rabbaddal]

ok ba sa american express? coz im planning to apply.. new accounts din yata yung position.. but i wanna know more about the bank first.. any comments sa culture, benefits and the job itself? :)

Depends. AMEX is involved mainly in the consumer side of banking - credit cards, wealth management, small business loans (not sure if this is offered in the Philippines). So the jobs there would typically involve dealing with consumers - marketing, new personal accounts, customer service, collections, fraud, etc. If you want to work on the corporate side of banking (corporate banking, investment banking, treasury, etc.), try working for the big Philippine banks, investment houses or offshore offices of foreign banks like ING or Deutsche.

[greywolf]

anyone from alliedbank?
ok b *** IT dept of AlliedBank?
salary wise and benefit wise, kamusta nmn?

[mac_bolan00]

one well-kept secret is chinabank. ;)

[im_a_chick]

Depends. AMEX is involved mainly in the consumer side of banking - credit cards, wealth management, small business loans (not sure if this is offered in the Philippines). So the jobs there would typically involve dealing with consumers - marketing, new personal accounts, customer service, collections, fraud, etc. If you want to work on the corporate side of banking (corporate banking, investment banking, treasury, etc.), try working for the big Philippine banks, investment houses or offshore offices of foreign banks like ING or Deutsche.
ok thank you for the info :)

anyone here working for american express?

[RIGOR]

ok ba sa unionbank? binili kasi nila ibank malamang pati *** benefits package nila e iapply nila sa employees ng ibank..

[ron111]

can somebody comment about BSP (Bangko Sentral) please......

[tsokolat]

eversince sa bank na ako nagwork. first job ko e department secretary, since fresh grad ako nun tinaggap ko na kase halos lahat ng kabatch ko me work na and nakakapressure na parang ako na lang ang bum. ok *** mga kasama ko lalo na *** boss ko, un lang mismong work ang nakakainis. alila ako ng lahat. so nagdecide ako magpatransfer sa branch. sakto na tinawagan ako ng kabilang bangko for exam and the rest is history. nung una ayoko nung position na inooffer nila kase teller, scary and very risky un job pero ang ganda kase ng benefits although ang baba ng starting. swerte ko lang kase naassign ako sa branch na 'walking distance' lang mula sa amin. so far, sobrang nageenjoy ako sa work ko pero parang nakikita ko na mabagal ang growth (kung meron man).

:sunnysmile:

[pisces20]

Sa BSP, ok dyan......hanngang 13thmos lang pero ngayon malaki na ang strating.....at maraming allowances........sa lahat kung kayo ay lilipat better choose BSP.....saka isa pa pala, ADB (asian development bank)....ok din dun....

[GiN]

okay naman sa unionbank, good benefits. the pay on the other hand... average. not too low na mamatay ka na sa gutom, yet no one can say that it's high.

basta okay naman ang mga tao dun e. by the way, freeze hiring ngayon because of the merger.

[YaelJamie]

Any info bout Maybank? How's the compensation and benefits.I hope somebody cud share...Thanks!

[fibia1]

i am working right now in a local bank. i underwent the MTP and now im "enjoying" offcier rank - pretty ok kesa maging rank and file. the benefits for an officer is of course way better than if you're not. been here since october, sa account mgmt (marketing arm gn bank, pero nde yung branch ah,) pa ako napunta - comemrcial loans kaya kung tutuusin, may career path na akong susundan. there's no way but UP in this field especially for us in account mgmt. im just being objective - karamihan ng career bankers in account managemnt palipat lipat lang ng mga banko para tumaas ang rank and sweldo.

in 2 years (pagkatapos ng contract ko) pwede na akong lumipat sa AM (asst. mgr) in a bigger bank. pero (the big nasty BUT) as of now napagiisip isip ko na umalis dahil my gulaay feel ko underpaid ako. nakikita ko yung ibang kasabayan ko na nasa banko din na way higher ang salary saken, which is pretty much demotivating.

so id like to ask for advice from bankers out there, is it worth it to maek the shift?

[rabbaddal]

i am working right now in a local bank. i underwent the MTP and now im "enjoying" offcier rank - pretty ok kesa maging rank and file. the benefits for an officer is of course way better than if you're not. been here since october, sa account mgmt (marketing arm gn bank, pero nde yung branch ah,) pa ako napunta - comemrcial loans kaya kung tutuusin, may career path na akong susundan. there's no way but UP in this field especially for us in account mgmt. im just being objective - karamihan ng career bankers in account managemnt palipat lipat lang ng mga banko para tumaas ang rank and sweldo.

in 2 years (pagkatapos ng contract ko) pwede na akong lumipat sa AM (asst. mgr) in a bigger bank. pero (the big nasty BUT) as of now napagiisip isip ko na umalis dahil my gulaay feel ko underpaid ako. nakikita ko yung ibang kasabayan ko na nasa banko din na way higher ang salary saken, which is pretty much demotivating.

so id like to ask for advice from bankers out there, is it worth it to maek the shift?

Since you're just starting your career, take a long-term view of it. In time, your ability to get promoted and command a higher pay package will depend on your performance and how you play with your options. If you really like the banking industry, I recommend completing your 2-year bond and if your current employer won't offer you better prospects after that, then you can move to another bank. Consider improving your skills to give you more leverage in asking for more. Some banking positions such as asset managers, investment bankers and treasurers work at a higher skill level and may command more compensation.

[jazzy]

know how much and how far you really want to go, if this career or industry cant bring you there. move on.


______________________________________

Megatipid.com - ang Website ng mga Wais!
www.megatipid.com

[chippers23]

double post :D

[chippers23]

anybody here who knows the starting BASIC pay at BDO (backroom, entry-level)?...is it true that NCR and provincial (branch) employees enjoy the same rate?...and how true that probationary hirees are also entitled to E-cola (which is P1500 na raw ngayon)?

i was told they receive 16th mo pay, 6k annual family and medical allowance, 1k monthly food coupon, and 10k signing bonus every CBA, among others...

replies would be appreciated...

[chippers23]

^^^
re: basic pay

since P350 is the minimum wage in NCR, does that mean starting pay would be more or less P7,700 (22 days x P350), excluding E-cola?...it would be fine if the same would be applied to provincial hirees... :)

my pending application kasi ako... :D

[geekhead]

ask ko lang training for BDO is in Ortigas ba? how long kaya?

[ako si..]

depende, anu ba position mo?

[«charmed one»]

As for BPI, when I started June2004, ang basic is 7500 for Family Bank ang 7750 for Islands... Bago ako umalis, mga 8000++ na yata (not sure how much ang exact amount pero hindi lalagpas ng 8300 i think)

16 month pay, every March, May, September and November, may bonus equal to 1 month pay. (Regular and 1 year na ang tenure, pro-rated pag regular ng less than 6 months)

VL = 15 days; No Cash Conversion; Max Accumulation is 30 working days
10 days dito mandatory leave every year.
SL = 15 days; Max Accumulation 90 days; 10 days ang cash conversion
EL = 5 days
ML = 60 normal; 78 CS
PL = 7 working days
LWOP = Illness = 180 days; CPA/BAR - 120 days

May Car Loan
Multi-Purpose Loan
Housing Loan
Emergency Loan

Medical Allowance = sure money na mare-receive aroung January, mga 16k

[«charmed one»]

This is for Chinabank.

For proby, 8400 basic + 1500 COLA (nontaxable)

Parang 16 monthpay din... Maliban sa 12 months, may bonus sa May and November, each with a 2 month salary bonus.

May OT Pay

May Meal Allowance na 70 during OT

Rice Subsidy 1000 pesos/month (regular)

Transpo Allowance 30 pesos pag may seminar ng Saturday or any non-working day.

Teller's Allowance 4560 / year

Appliance Loan = 20000; PC Loan = 30000; Laptop = 50000
Car Loan = 200000; Housing Loan = 600000; House Renovation Loan = 60000
Emergency Loan = 4 months gross salary

VL = 15 days (5 Mandatory Leavel 10 optional)
SL = 18 days Cash Conversion of up to 5 days if you have at least 120 days
remaining SL at the end of the year

ML = 60 days normal; 78 days CS
PL = 7 working days

Quarterly Perfect Attendance
1st quarter = 750
2nd quarter = 900
3rd quarter = 1050
4th quarter = 1250
( im not sure kung Perfect attendance kung VL lang ang ginamit)

Quarter Health Bonus
1st = 450
2nd = 550
3rd = 650
4th = 750

Hospitalization Plan

Medical/ Dental Services = provided by bank

Medicine Allowance = 7500, just give any receipts

Insurance = Accidental = 200k

Merit Increase = 5% increase in basic salary


Hope this helps and sana mag-post din yung iba... :)

[sweetwahm]

hi bankers :D Just passing thru. I used to work kasi in a commercial bank. Not bad for my first job. I used to think (being so naive and all) that my dream job was a career in banking. Well it was good while it lasted but I was offered a transfer in a government agency that offered much better pay, great benefits (yay to security of tenure!) and foreign study grants. No regrets since. But I had really fond memories of working in the banking sector.

[Quadrado]

hi bankers :D Just passing thru. I used to work kasi in a commercial bank. Not bad for my first job. I used to think (being so naive and all) that my dream job was a career in banking. Well it was good while it lasted but I was offered a transfer in a government agency that offered much better pay, great benefits (yay to security of tenure!) and foreign study grants. No regrets since. But I had really fond memories of working in the banking sector.

Where are you working right now sweetwahm? :)

[Bail]

nakakapagod ba maging teller?

[maruzki]

im from metrobank and im from one of their IT divisions. sobrang laki kasi ng metrobank so ang daming IT divisions unlike sa smaller banks na one divison lang sila.

anyway. ive been there for 2 yrs and 6 mos already and this is my first job. i know that being an IT employee medyo under paid kami but since bata pa naman ako i only seek the work experience.

maganda ang benefits sa amin. very competitive. 8.6k ang starting ko noon but sympre tumaas na din salary ko.

ito mga benefits namin:

-15mos bonus
-10k medical allowance per yr (cash ito bnibigay) plus may health card pa kami pati dependents kasama din.
-1.7k increase per year (8.6k lang starting ko noon, compute niyo na lang salary ko ngayon)
-12k clothing allowance per yr (for guys, cash ito binibigay but sa girls naka uniform sila kaya 5k lang sa kanila)
-1k rice subsidy (cash din ito) every month
-VL/SL convertion
-CBA Bonus (Last CBA we received 35k and nung last last CBA they received 100k but may bond yun for 3 years although pwde mo naman di galawin eh. depende din kasi sa negotiation eh kung how much marereceive mo namin bonus)
-holiday pay (yes it is. double pay kami pag holiday kahit di kami pumasok)
-car plan
-housing loan
-salary loan
-emergency loan

[cleversoul]

lets rivive this.......... can you give me some idea plss people working in the bank as of 2008 in an entry level position (branch ***)
name of bank..starting salary and the benefits given??? thanks

[masterjedi]

Question for those who worked or currently working in a bank: May hring ang BPI for roving teller, the job description involves riding in an armoured vehicle. How much is the salary for this position? I assume mataas since your life is at risk..

[prettylicious06]

hi any1 working with rcbc? any ideas about their salary, benefits, working environment? tnx

[vandarkala]

i'm not sure if this is relevant but it seems like people are sharing their experiences

i started off as a management trainee in manila for a multinational bank. i think i was about 23 then. You're automatically at manager if you're a trainee and then then you go through all sorts of trainings and seminars, etc. A little over a year after that I was promoted to AVP and then again to VP some months after that. I was in one of the divisions of corporate banking, by the way, but i dont want to give too much information. even at the onset the pay was very high, in fact before working at this bank, i had never imagined i would get something like that - well at least not that early in life. and it came with perks like a car allowance, etc, etc.

i stayed there for about 3 years and 4 months when i got a call to transfer to a different region. it was either Asia Pacific or Middle East, both regional offices and it was just a matter of haggling the price and weighing the pros and cons. at that time, my salary had already more than tripled since i first joined. i eventually chose one of the countries and now im here working my *** off. i wasnt completely happy with the decision especially with the difficulties around assimilating yourself to a new culture, and a new working environment. but in any case, it's been more than a year and i've grown used to it. my salary is again more twice what it was back in manila, and even in this crisis, we received several months' bonus.

some years back when i first found myself walking the streets of makati looking for a job, i never once entertained the idea of working for a bank. i thought it was a lonely, boring and utterly un-creative job. so i spent two years as a management trainee for another company who didn't pay me worth my time and effort. i think a lot of people share the same misconceptions about banks because all they know about these institutions are what they see in banking halls and branches, and tv. they don't see the other aspects, or even the corporate banking side, all they know is simply that bankers count money.

people will have very different experiences when working for a bank. some may be lucky and find themselves on the fast lane. fortunately, i can consider myself lucky. while others, maybe as a result of their own choices or probably the circumstances they're in, take years before they finally enjoy the fruit of their labours.

[Kopibun]

I have to agree that the salary in local banks is just slightly above minimum wage, but the benefits compensate for it.

Just one question, though, would anyone know which local bank provide free parking benefit to rank & file employees? From what I heard, only those who holds officer position enjoy such benefit. Anyone?

[104xxxxx]

^ hmm.. parang wala yata. malaki ang difference ng staff sa officer at sa mga perks na entitled sila respectively. based from experience although i'm speaking in terms of a foreign bank i used to part of (as a staff of course). baka ganun din sa local banks.

i could be wrong, though.:D

[kalash ni kov]

Depends on where the bank is located, and if it has its own ample parking space in its property. Most don't have, so officers are given parking passes on parking lots near the office. Take note though, that only senior officers (AVP and up) enjoy this privilege. Even managers and senior managers probably will not be automatically entitled to it. Just imagine how many officers in different departments are there in a bank. So they also need to strain out the less senior officers.

As for you question whether r&f people can get parking privileges, of course it's a "no".

[sassyandbrat]

How much ang offer sa Union bank, and the benefits? Until what month kaya ang bonus??

[104xxxxx]

How much ang offer sa Union bank, and the benefits? Until what month kaya ang bonus??

this question is for their HR to answer. dapat sa interview mo yan tinatanong pero huwag mo sila uunahan. let the HR interviewer lead you first into that topic. usually nagsisimula yan sa "how much is your expected salary?";)

unionbank being a local bank, don't expect foreign bank rates. wag ka nalang mag-expect or mag-demand ng malaki.*okay*

[_Zei_Emu_]

mas mataas ba pay sa int'l banks like hsbc, deutsche bank, etc..?

[rapidpunch]

mas mataas ba pay sa int'l banks like hsbc, deutsche bank, etc..?


it depends.. but USUALLY. .. yes :)

[_Zei_Emu_]

^cool, how much ba salary range of entry level or 2nd level positions? are the benefits the same with local banks or better sa int'l?

[avibebe]

how about ASIA United bank (AUB)?

[amnesia_girl09]

I'm gunning for a management trainee slot in HSBC pero hindi pa raw nila alam when the program for next year is opening. Kailan po ba nagstart iyong RMT program nila this year? What are the pros and cons of being a management trainee for this bank?

I also inquired sa BPI officership training and just the same, hindi rin nila alam kailan ang opening ng program for next year. Both banks advised me to just leave my CV and TOR with them.

What do you suggest I do while waiting? Mag-apply muna kaya ako sa ibang banks?

[104xxxxx]

^ if i'm not mistaken mga Q2 to Q3 of the year yata yung hiring/start sa RMT program ng HSBC. naaalala ko kasi last year mga around july may RMT na naga-attach sa department namin.

regarding pros and cons, siguro sa pros of course you get paid around 2.5x the salary of a level W staff. HSBC has five staff levels namely V, W, X, Y and Z. new hires are usually placed in V, W or X positions where majority of which are in V or W.

as a RMT, if i'm not mistaken you're an officer of the bank. siguro band 7 or band 6. not sure though.*okay*

[amnesia_girl09]

^ if i'm not mistaken mga Q2 to Q3 of the year yata yung hiring/start sa RMT program ng HSBC. naaalala ko kasi last year mga around july may RMT na naga-attach sa department namin.

regarding pros and cons, siguro sa pros of course you get paid around 2.5x the salary of a level W staff. HSBC has five staff levels namely V, W, X, Y and Z. new hires are usually placed in V, W or X positions where majority of which are in V or W.

as a RMT, if i'm not mistaken you're an officer of the bank. siguro band 7 or band 6. not sure though.*okay*

Okay lang naman siguro magsubmit na ako right? I mean, hindi naman siguro nila mamimisplace iyon..How long is the program here? I've been searching sa web and there are 24-month long ones and there are 30-month ones..

[Kopibun]

Just a survey:

To all bankers and aspiring bankers out there, what department do you want to be assigned in? I noticed a lot of people are really eyeing to be part of the treasury group.

[104xxxxx]

Okay lang naman siguro magsubmit na ako right? I mean, hindi naman siguro nila mamimisplace iyon..How long is the program here? I've been searching sa web and there are 24-month long ones and there are 30-month ones..

i think it's very much ok. HSBC has friendy and professional HR people. they just look masunget to applicants but once you're inside, super ok sila. i have friends in HR. yun nga lang i can't refer your resume since i'm no longer connected with the bank.

don't pin your hopes nga lang. ngayon talaga more or less sa collections lang meron openings/vacancies. try other banks. i think metrobank has a MT program. BPI and standard chartered meron din. i don't know lang how their respective MT programs go and kung kelan ang processing/hiring ng applicants.

[amnesia_girl09]

i think it's very much ok. HSBC has friendy and professional HR people. they just look masunget to applicants but once you're inside, super ok sila. i have friends in HR. yun nga lang i can't refer your resume since i'm no longer connected with the bank.

don't pin your hopes nga lang. ngayon talaga more or less sa collections lang meron openings/vacancies. try other banks. i think metrobank has a MT program. BPI and standard chartered meron din. i don't know lang how their respective MT programs go and kung kelan ang processing/hiring ng applicants.

Buti naman mababait sila. I really don't get it why some HR people are very masungit sa mga applicants. Sayang naman you're not with HSBC anymore. I tried inquiring din sa mga MT progs. ng ibang companies pero di pa rin open. Siguro apply na lang muna ako tapos lipat na lang after..

[4gotten rocker]

just resigned from a leading commercial bank ...for some career advancement..xD:grrr:

[_Zei_Emu_]

What about Metrobank?? as an employer, is it better than BDO and other local banks?

[amnesia_girl09]

I've heard "horror" stories from that bank, like sobra daw magpatrabaho and magpa-overtime, etc. I'm not saying totoo un or hindi totoo..Basta yun lang ang narinig ko from someone who used to worked there. Few months lang siya doon and umalis din kaagad.

[_Zei_Emu_]

you referring to metrobank sis? 14 month pay na lang daw ba dun?

[psyche18R]

I just wanna ask...

what are the usual or common practices for a bonus scheme sa mga Sales Personnel sa bank.

Looking forward to your inputs po... hope you guys can help me in my research

[amnesia_girl09]

you referring to metrobank sis? 14 month pay na lang daw ba dun?

Yup.. hehe..pero syempre better ask around..baka lang may galit sa company yung napagtanungan ko kaya ganoon..:rotflmao:

[sassyandbrat]

As I have backread, may mga bonus na ang mga Pexters natin who works in a bank. Dahil November start na pala ang bigayan ng bonus.

[amnesia_girl09]

Does anyone have an idea about BPI's OTP bond? Pwede ba mag explai with clear examples. Ang gulo kasi nung sa iba, may formula pa eh di ko naman magets. I don't like to assume kaya sana someone could explain kung ano ba talaga yun.

[aluminum foil]

pano ba mag-apply sa metrobank or sa bpi? kelangan ba personal i-submit yung resume sa head office or pwede online nalang yung pag submit ng resume sa website nila?


kasi minsan daw may mga bank na kapag online yung pag submit ng resume eh hindi tinatawagan or walang feedback. thanks

[team slick]

Just a survey:

To all bankers and aspiring bankers out there, what department do you want to be assigned in? I noticed a lot of people are really eyeing to be part of the treasury group.

Treasury because its the backbone of the bank. They oversee money coming in and out kasi. And throw in the fact that the treasury department of banks here in the philippines often shadow as investment arm of the bank.

In global bank setup, meron talagang separate department for trading (e.g. bonds, equities, commodities, etc) while treasury simply handles overseeing of cashflows.

For me what department do i aspire for? Front office trading kasi i get to see what the traders do and get close to them. Only thing is you need to deal with the quirky attitudes of the traders but then again the bonuses and pay is rewarding :)

[anonymous6020]

pano ba mag-apply sa metrobank or sa bpi? kelangan ba personal i-submit yung resume sa head office or pwede online nalang yung pag submit ng resume sa website nila?


kasi minsan daw may mga bank na kapag online yung pag submit ng resume eh hindi tinatawagan or walang feedback. thanks

may career site ang bpi sa jobstreet e. so, i think mas prefer nila ang online.

kung metrobank, try: careers@metrobank.com.ph :D

[foolcha]

@ team slick In a global bank set-up separate department for front office trading sa treasury? HAHA. Gotta be kidding me. Separate yung Front office, middle office at back office because of what we call chinese wall. Pero as in separate department?? I don't think so, my friend.

[lionchief11]

Guys, BPI is still accepting applicants and you can visit them at 5/F BPI Head Office Ayala Avenue cor Paseo de Roxas Makati City, Monday to Friday, 8:30 - 10:00 AM. Pls bring updated copy of resume, photocopy of your TOR and be in proper business attire for the interview and exam (if you're qualified in the screening) on the same day.

You may also apply through their websites - bpiexpressonline.com.ph or careers@ayala.com and you will be forwarded to jobstreet

[rebeccahannah]

Does anyone have an idea about BPI's OTP bond? Pwede ba mag explai with clear examples. Ang gulo kasi nung sa iba, may formula pa eh di ko naman magets. I don't like to assume kaya sana someone could explain kung ano ba talaga yun.

well if you get in and pass the program, you have a bond for 3 years after finishing the program. you can resign but no coe as an officer ata.