Monetary Authority of Singapore

  www.mas.gov.sg
  www.mas.gov.sg

Monetary Authority of Singapore Reviews

Updated November 3, 2014
Updated November 3, 2014
33 Reviews
3.4
33 Reviews
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Ravi Menon
19 Ratings

Employee Reviews

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  1.  

    Good place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Monetary Authority of Singapore

    Pros

    Broad exposure to many areas. Very interesting and challenging work

    Cons

    The volume of work can be high

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Good place to start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Singapore (Singapore)
    Current Employee - Anonymous Employee in Singapore (Singapore)

    I have been working at Monetary Authority of Singapore full-time (more than 5 years)

    Pros

    good brand name, good training ground, exposure to senior management internally and externally at an early career stage, possibility to rotate to other job functions, good working culture

    Cons

    - bureaucracy - most work (including emails) have to be cleared through several layers
    - too frequent management changes in the past few years
    - job rotation is highly encouraged, which is a good thing for some, but is not a culture that encourages specialisation

    Neutral Outlook
    Approves of CEO
  3.  

    Great exposure, intellectually stimulating work for a public servant role

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Director in Singapore (Singapore)
    Former Employee - Assistant Director in Singapore (Singapore)

    I worked at Monetary Authority of Singapore full-time (more than 3 years)

    Pros

    Great exposure to senior policymakers, youthful working environment, intellectually challenging work. Decent bonus too.

    Cons

    Under market compensation, erratic work hours, poor benefits, bureaucracy (though not unbecoming of the public service)

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    I worked at Monetary Authority of Singapore as an intern (less than an year)

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Perhaps lengthen the internship period to allow for rotations within a couple of departments.

    Recommends
  6.  

    Overall still an employer of choice.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous
    Current Employee - Anonymous

    I have been working at Monetary Authority of Singapore (more than 5 years)

    Pros

    Caring environment, decent pay and good calibre colleagues.

    Cons

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

    Advice to ManagementAdvice

    Choose a few key tasks and do them well rather than try to do everything.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Challenging, exciting but too much red-tape

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Monetary Authority of Singapore full-time (more than an year)

    Pros

    Benefits 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.

    Cons

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

  8.  

    The work is interesting only 50% of the time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in Singapore (Singapore)
    Former Employee - Associate in Singapore (Singapore)

    I worked at Monetary Authority of Singapore full-time (more than an year)

    Pros

    1. 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.

    Cons

    1. 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 ManagementAdvice

    Bonus 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.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Associate Director

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Monetary Authority of Singapore full-time

    Pros

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

    Cons

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

    Recommends
    Approves of CEO
  10.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Singapore (Singapore)
    Current Employee - Anonymous Employee in Singapore (Singapore)

    I have been working at Monetary Authority of Singapore full-time (more than 3 years)

    Pros

    Made 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?

    Cons

    Compensation 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 ManagementAdvice

    Incentivize 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.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Overall good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Director in Singapore (Singapore)
    Current Employee - Assistant Director in Singapore (Singapore)

    I have been working at Monetary Authority of Singapore full-time (more than 8 years)

    Pros

    Generally 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.

    Cons

    May 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.

    Approves of CEO

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