DBS Group Holdings Reviews

Pros

-Stable, Well Capitalized
-Focussed Strategy
-Expanding, provides ample growth oppurtunities
-Work life balance
-Regional dominance
-Diverse Businesses
-Diverse Work force

Cons

-Interdepartmental cohesion not at its best
-Outdated processes, systems (focussed on short term solutions)
-Overall compensation (as compared to European counterparts)

Advice to Senior Management

Kindly work out a way to make the bank an employer of choice within the region, by providing sustainable career oppurtunities and an encouraging and open working environment

Pros

Premier Bank in Asia, with a fairly organized training program for summer interns. Patient and friendly supervisors that work with even the most inexperienced interns.

Cons

As a foreigner, I felt somewhat alienated from the close knit, almost strictly Singaporean co-workers. Didn't develop as tight of relationships as I would have liked.

Pros

1. Extremely close knit working relations, even between interns and the actual stuff
2. No cut-throat, pressure cooker environment; fairly lax and patient.
3. Chock full of resource and learning opportunities, only if you take the initiative to do so
4. Suitable competitive pay for university interns.
5. Supervisors willing to teach, only if you ask.

Cons

1. Most work done was menial- type this, fax that, print this, record that, fetch this, send that.
2. Presence of horrific maltreatment of interns, even stuff of urban myths. My fellow intern was made to routinely fetch coffee and food for the team, at one time even to clean and repair the air-con.
3. Big gaps in between where the intern was simply left to do nothing.
4. Learning MUST be pro-active, if you don't take maximum effort to do so, the internship is a waste of time.
5. Subtle currents of politicking present.
6. Interns at DBS hold less prestige. This maybe due to the bank accepting polytechnic students as interns, which could perhaps lower the brand superiority of DBS as compared to the IBs.
8. Bureaucratic and rigid. Employees follow the proverbial rule book down to a T, many lack the ability to think critically, if not, are dissuaded to do so.
9. Lack of forward planning. Certain strategies and products were marketed and promoted without the relevant QC. Led to the presence of many disgruntled customers.
10. Employees lack pride in their job, especially those wedged in between senior management and lower levels; lack of difference in middle management could have resulted in this.

Pros

Peers are very nice. Good working place.

Cons

Senior management don't hire the right middle management

Pros

good environment, care about talenteds

Cons

working hours is too long

Pros

benefits are ok.. 24 days of annual leave, etc... but if you are sales staff, and if your sale is bad, you will not dare to take leave.

A good platform to jump ship...

Cons

Depend on the branch manager you work with. Mine experience is horrifying.... Ex-boss keep screaming and shouting over some tiny matters... And super Micro-manage.... Compension is bad...

And keep pressing sales staff to "sell" certain funds or new launched products, though the top mangament would say "need -based selling"....

Advice to Senior Management

Please care more for the sales staff... it is not easy to manage customers, manage service staffs and all the different ppl.... and the last thing we want to do is to MANAGE BOSS!!!!!

Pros

Good benefits compared to other local banks

Cons

Compensation is much lower compared to foreign banks

Advice to Senior Management

None

Pros

They observe work life balance, give good employees benefits.

Cons

Promotion are not fair and square. There is also no yearly salary increment. The staff work like hell, but in the end management manipulate ratings of the staff''s appraisals.

Advice to Senior Management

Please look into developing internal talents and yearly salary increment, as inflation and standard of living is rising every year.

Pros

Lots to learn, good senior management, good training and working policies, lots of leave, transportation to and from work by shuttle bus

Cons

Long hours in my department, Departmental politics, Too much work to handle in IT, distant location in Changi, might be mundane work

Advice to Senior Management

Take a good look at why some depts have high turnover rates. As the pay is less than foreign banks, the workload should be measured accordingly as well.

Pros

It has great culture and environment. The people here are very friendly and helpful. There is also good corporate identity.

Cons

Compensation is pathetic and perhaps even humiliating. If not so for senior positions, it is so for junior positions. Fresh graduates get 30% less from DBS than from other banks.

Advice to Senior Management

DBS Bank has seen very good performance in recent years. You can afford to pay your employees more. Do it.