^

1. read through my post again. i was just pointing out to the others who might be taking cue from reading your posts here and might be discouraged from signing up because of your implication. i was told by their hr that they are trying to go regional now, and they used to hire more foreign grads but now they are trying to take in more local grads and regional candidates.

2. check your facts. there is no requirements to pass all the 5 papers to join the ib.

3. not all 15 will be placed will make the cut for ib each batch, and out of 60, it's more likely that say half of them are placed into ib instead of all of them. for a bank with 2-3k employees on the ib side, that represents 1-1.5% of the total workforce.

4. of course everyone wants to join the program to gain access to the ib side, but the prog specifically mentions that it has a universal banking focus, and that is exactly how cimb is trying to portray itself. again, my mention of this is to help new applicants manage their expectations.

and finally, rumor is that they have increased it to 4k, but that rumor has been around since more than a year ago

This post has been edited by ckwei: Sep 19 2010, 02:49 AM

whether or not i am in the program is irrelevant. but i do have reliable sources, and i know quite a few people who are in the program.

i dont think sarcasm is appreciated in here. well maybe a little, if you have something constructive to contribute.

the truth is that people think there is a bias in HRs favoring foreign grads, which might seem that it is true based on the hiring statistics. but the fact is actually, the majority of local grads just can't put together a decent cv/cover letter and can't carry themselves well. i was told by cimb's hr that they do not actually favor foreign grads and that they try to hire as many local grads as possible. however, their experience is that the majority of them can't even converse in english, and mind you, these include a whole lot of cgpa 4.0 people. these people won't even get a first stage interview after they get screened through the phone, or for those who are lucky they make it to the first stage but no further.

if they do have a foreign bias, they won't hire grads of local chapters of foreign unis or people from external or 3+0 programs when they can easily get all their hires from unis abroad. easily. cimb is a very different animal from your stereotypical local firm who kowtows to foreign grads (which are a dime a dozen nowadays given the abundance of cap palang unis overseas, some which rank even lower than the ones onshore), and their hr may not be perfect. they do however, give anyone who deserves a chance one.

it can be shorter than 2 mths. if u are fr out of town can nego with the hr to accelerate the process. will take less than a mth in that case