Monetary Authority of Singapore
3.5 of 5 31 reviews
www.mas.gov.sg Singapore, Singapore 1000 to 5000 Employees

Monetary Authority of Singapore Reviews

Updated May 29, 2014

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3.5 31 reviews

                             

100% Approve of the CEO

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Ravi Menon

(17 ratings)

81% of employees recommend this company to a friend
31 Employee Reviews
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    Good place

    Anonymous Employee (Current Employee)

    ProsBroad exposure to many areas. Very interesting and challenging work

    ConsThe volume of work can be high

    Yes, I would recommend this company to a friend

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    Decent exposure to the actual job scope of associates in the assigned department.

    Intern (Former Employee)

    ProsThere is a reasonable emphasis on work-life balance. The project assigned to each intern gives a great insight to the work done at MAS.

    ConsLack of exposure to other departments within MAS due to time constraint.

    Advice to Senior ManagementPerhaps lengthen the internship period to allow for rotations within a couple of departments.

    Yes, I would recommend this company to a friend

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    Overall still an employer of choice.

    Anonymous (Current Employee)

    ProsCaring environment, decent pay and good calibre colleagues.

    ConsMultiple levels of clearances and some bosses who can be picky.

    Advice to Senior ManagementChoose a few key tasks and do them well rather than try to do everything.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    Challenging, exciting but too much red-tape

    Anonymous Employee (Current Employee)

    ProsBenefits are OK and salaries are competitive. Exciting projects and capable colleagues.
    And you get to work for a well-known organization. MAS is world renown central bank.

    ConsEnough red-tape to drown you.
    Poor work-life balance (for government. ie. dont ever expect to go home on time)

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    Associate Director

    Anonymous Employee (Former Employee)

    ProsStable organisation with a great MD who cares about the organisation and the workforce. There are nice and caring people managers around the organisation.

    ConsBureaucratic processes. People managers are generally very busy with their huge portfolios, more time could be spent on staff development.

    Yes, I would recommend this company to a friend

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    The work is interesting only 50% of the time

    Associate (Former Employee)
    Singapore (Singapore)

    Pros1. You have a lot of power over companies you regulate
    2. You get respect
    3. Your boss listens to you (it's built into the system how this works)

    You get quite a few opportunities for leadership. You are essentially leading your own project most of the time. If you do well, you get better projects and more responsibility.

    Some projects are very interesting and if you prove your smarts the organization is very supportive and will let you work on what you like.

    Work life balance is amazing. Organization is quite innovative and stable in its thinking. You get to work with very smart but still humble people.

    Cons1. Takes very long to get promoted
    2. Compensation is disappointing compared to the rest in the financial industry. It does not create much incentive to work hard. Bonus is largely standard.
    3. Work can be drab sometimes but all organizations have this.

    Advice to Senior ManagementBonus should be more flexible. Intrinsic motivation is good but it's not a good feeling to know that you earn very little compared to the people you regulate.

    Yes, I would recommend this company to a friend

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    Overall good place to work

    Assistant Director (Current Employee)
    Singapore (Singapore)

    ProsGenerally good work life balance. The pay is quite decent for the amount of work and stress. Generally do not have to work overtime too often. If you are willing to work hard, there are good career opportunities.

    ConsMay take a longer time to be promoted through the ranks because the structure is quite flat. Also the medical benefits are slightly horrific. No hospitalisation benefits, so you need to have your own insurance coverage.

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    Fun place to work at, but you can't eat fun

    Anonymous Employee (Current Employee)
    Singapore (Singapore)

    ProsMade many great friends in my first few years here, which will go a long way in your career. Work life-balance is excellent, with many staff having flexible working arrangements, and great, understanding bosses. Lots of extra circular activities you can participate in. It is a one-of-a-kind organization that will give you exposure in handling important projects, and you get to interact with fairly important people and directly influence policies. Most of my co-workers are extremely smart people, and pleasant to work with/for. Great for (1) slackers, (2) people who are not motivated by money to work in, since the compensation difference between low performers and moderately high performers is as low as 2-3 mths most of the time. Also great for people who get into the non-core departments, since you're equally compensated. Why work so hard?

    ConsCompensation is just sad, for the calibre of the people here. Many high-calibre people leave the organization early, and many are breadwinners of the families, which means there are more females working here. The pay to work ratio is bad especially for many team leaders and middle management. Lots of people will leave for better comp when the economy/job market turns.

    Advice to Senior ManagementIncentivize high performers to stay by widening the comp range, otherwise your best people in junior ranks will never stay and there will be a dearth of capable people to promote. Also, a 75 percentile pay benchmark to the industry does not mean anything when each and every department should be benchmarked to their industry peers, not grouped together. This only means people working in "lesser" departments gets overpaid while those in core functions are underpaid.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    Great working environment with nice colleagues

    Assistant Director (Current Employee)

    ProsGood working environment, reasonable hours, friendly colleagues

    ConsScope of work tend to be routine or stale after a while, performance recognition framework not transparent

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    Enriching, friendly and fair working environment

    Assistant Director (Current Employee)

    ProsCapable and strategic senior management
    Good work-life balance
    Friendly culture, little politics
    Rotation opportunities across different arms of the organisation
    Competent colleagues who work hard and deliver

    ConsRoles are generally specialised across most of the organisation; difficult to see the broad picture as a young officer. Must be patient in learning, and in acquiring exposure.

    Advice to Senior ManagementIt can be demoralising when colleagues keep leaving for banks. Stronger employee engagement and staff retention initiatives would be very helpful, and will help employees stay on feel appreciated.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Glassdoor is your free inside look at Monetary Authority of Singapore reviews and ratings — including employee satisfaction and approval rating for Monetary Authority of Singapore CEO Ravi Menon. All 31 reviews posted anonymously by Monetary Authority of Singapore employees.