Sure la. You are competing with the herds of indians just off the plane knocking on doors for a banking job. These ppl have the experience and qualification(although the uni nvr heard before) and willing to work hard for a pittance and most importantly can talk and sell themselves. What do you have above and beyond them?

The SG based ones at the bottom of the post.

http://letznetwork.blogspot.sg/2011/07/lea...ndian-ceos.html

From a CNA interview, the Asia CEO of Standard Chartered is apparently a Punjabi man.

With so many in the top position, imagine how many of their countrymen have been installed below them and perpetuating the hiring and promotion practices.

I also thinking of that, but when I walk into the branch in Singapore more likely from overseas.

Lol, resume suck? Actually, I'm also worry about this. Erm, is there any website that can improve my resume? Hehe..

Lol, I can talk very well also. Haha, but don't have any chances to get shortlisted and walk into interview.

This post has been edited by nubJeff: Mar 23 2014, 10:20 PM

Not forgeting they only hire their own kind.
Once the banks hire 1 indian in the dept esp a det head, soon the entire dept will be staffed by indians.
They will somehow think of a way to hire their own kind and push the rest out.

Just look at the banks in SG. Citi, Stand Chart, ANZ, HSBC, etc. When you go to some departments you don't even realise you're in SG. You could well be forgiven to think you're in India.

Lol bro, you sounds familiar with SG bank culture. I guess you also working in bank industry, got lobang help me in?Lol.

Nope.Quit the banking industry for sometime liao

http://www.jobstreet.com.sg/career-resourc...st-paying-jobs/

This is the reason banking and finance is the hot cake. Singapore is the asia financial center and if you are here long enough u will soon hear of someone driving big car and high flyer in some fancy nightclubs. Their job? trader or financial advisor! It is ridiculous hard to get into trading firms. Your resume has to be proven with green results and backed by strong LinkedIn connections. One of my friend got in, he did so with connection way up on the top of the firm.

I dont know about you guys, from my short working experience here in singapore, i have come to understand politic and mind games are dominant in sales environment, the higher the tighter. The amount of actings and moves is amazing. If you are used to Msia way of management or ways of doing things, you will need to start clean here and mind your steps.

Also the scandals and sex is mind blowing too Americans can take a backseat.
Still the rewards is worth it, Earning money here and spending it is so good compared to Msia. The internet speed here is like heaven.

(just my bias perception, gl hf)

thank God never study so hard and join banking industry

anyone working in the f&b industry?

i hv left sakae after working there so long

cari lobang for other job...

Asia is Asia mah

some examples (in US)

CEO of Deutsche Bank

prev CEO of Citi

CEO of MasterCard and ex CEO of Citi

a few in consulting, hedge fund, PE, and other banks

I agree that a lot of it is connections and politics based, but if you think LinkedIn connections are what lands you a trading job you must be joking.

Trading is extremely high pressure and high risk for any bank or prop trader and nowadays they only accept the highest quality applicants (back in the day a Business Management major could be a trader, and sometimes you get the fraud incidents we see every other year). This is the same whether in London, Hong Kong, or Singapore.

If your personal connections are good you can get a banking job. Sure. Trading is more meritocratic, out of necessity. If you have connections to top traders and MDs that's another matter, but you should be qualified too. Sales is another matter but usually it's quite similar because of it's closeness to Sales Trading.

If you talk about those 'assistants' that press the buttons to confirm the trade, that's hardly what the industry means when it says trader. The trader makes decisions, takes risk, makes profits and losses.

Prop trading originating from SG commands a low volume relatively. Mostly are executed as part of portfolio strategy or de-risking balance sheet. Gone are the days where prop trading is one of the "core" revenue generations. Hence, trading is no longer a high pressure and risky job.

SG banking system is not complex at all. In fact, it is so efficient that it is one of the pillars that supported SG to be one of the easiest country to do business. Robust, prudent and efficient.

The problem with such system is...it benefits investors but not deal makers. That is why the big deals (except REITS) are still going to HK and NY.

India 2nd most populated country in the world, still acceptable for Indian CEO heading the Asia part. CEOs and the management are also employees. They still need to answer to their boss which is the board, who need to answer to the shareholders. All these still under the tight control of the authorities here. Anything illegal, unfair employment etc, authorities step in, can pack bag go Changi airport or Changi prison already.

My department still majority locals, only one Indian, but the guy is LSE grad, should be competent enough. If you think there is any biased selection/discrimination during the recruitment process, you can complain to the bank or the authority. They will investigate for sure. I heard people got sacked and charged because of this. I don't know you, but I certainly won't risk my job and future for some countrymen I barely know. For relatives and friends who are applying, we have to disclose the relationship and most of the time another department head will take over the interview process to avoid complication.

SG is projected to become ASEAN financial hub. It is one of the leaders in private and wealth banking, second only to Switz. Also, one of the first few to be granted the license to clear Yuan - offshore.

Trading is not a rocket science job. It is perceived to be hard because of low supply which creates an artificial - high demand environment. Due to Basel III & Volcker Rule, trading is now a margin business and a support service in banks.

Regardless how long your working experience is, politics and mind games will be the common factor. And I disagree that it would be any different, because human behaves the same regardless of nationality.

SG definitely should already be the ASEAN financial hub. But don't hold me to this, I don't know if Indonesia has anything on volume or size. In terms of market sophistication and services SG can't be beaten.

While the Volcker rule is still being implemented, I think it doesn't affect prop trading shops. It'll be hard to avoid because the major market participants (JPM, Citi, BoA) are US banks. But supposedly transactions involving non US/subsidiary counterparties outside the US are exempt - not sure how quickly the Europeans and Asians will be to put up their own regulation.

And trading, while not rocket science (close if you consider the physicists and engineers they still hire), is still risky and high pressure. Definitely so if compared to most other jobs in Finance. Yes, a lot of trading desks are downsizing or shutting down. But for those jobs still out there, it's doesn't become a comfy job overnight. I think it's tight demand that adds to its toughness overall, just like most other jobs in IBD or Markets. There simply isn't that much in terms of options and opportunities especially today. You not only have to avoid screwing up, you have to consistently outperform, or leave.

Hi there, just wondering if anyone knows of a job opening for banking / management consulting / finance in Singapore? I graduated from a top-tier university in Australia and have 3 years experience working in a Big 4 in Malaysia. If you can help or share any information with me, please do not hesitate to PM me for my resume or Linkedin account. Thanks

This post has been edited by morgana_jara: Mar 24 2014, 08:01 AM

Even accounting for India's population, I think the perception is that they are grossly over-represented in Singapore banks, if not even wider and farther.

And it's not about legality (although Singapore's new Fair Employment Framework seems to take a step in that direction). It's about bias. They are not putting unqualified people in the roles which they manage or influence. It's that there is a bias towards certain candidates during the more subjective portions of the process... like interviews, final deliberation. And it's inevitable... people simply like to work (ie. hire & promote) with people whom they like and feel comfortable with.

It's in every organisation. However in Singapore,.. the PERCEPTION is that it has taken a whole new level of aggressiveness in banking. Note that I said perception (you may have experience to the contrary... although I also believe there's no smoke without fire,.. so there ya go). You just have to go to any local forum or chat board to validate it. Even the govt's lead-up comments on the Fair Employment Framework singled out banking as an industry to watch over.

This post has been edited by seantang: Mar 24 2014, 10:32 AM

Should pay a visit to the IT department. Surely all indians liao

You are from HSBC, right?
I was told by my friend that the credit risk dept is majority that race.

At the end of the day there is a thousand and one reason the hiring manager can give to hire that particular person.
A person can have a certain profile or that person can have a certain amount of experience. You can't really sack a person because the hiring manager choose to hire, for example, entirely indians nationals with a certain profile. Afterall, as the hiring manager HE is the one who will be held accountable for the performance of HIS subordinate.

HR is just for formalities.

try FMCG