Monetary Authority of Singapore - Highly intellectual place to work in. | Glassdoor
There are newer employer reviews for Monetary Authority of Singapore
There are newer employer reviews for Monetary Authority of Singapore

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Helpful (1)

"Highly intellectual place to work in."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Deputy Director in Singapore (Singapore)
Current Employee - Deputy Director in Singapore (Singapore)
Recommends
Approves of CEO

Pros

Many intelligent people looking at issues holistically in the organisation.
Exposure to senior management in financial institutions, and senior govt officials & ministers
Work-life balance is great.

Cons

Benefits not that great when you compare with the banks.
Holistic thinking can sometime take too long to come up with a decision
Intellectual debate sometimes void of realities which cannot be logically deduced

Other Employee Reviews for Monetary Authority of Singapore

  1. Helpful (1)

    "MAS"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern
    Former Employee - Intern
    Recommends
    Approves of CEO

    Pros

    - Interesting projects
    - Great colleagues who are highly competent and friendly
    - Great training programme for new entries

    Cons

    Highly bureaucratic - pushing paper through the ranks is normal
    Bosses/supervisors may be too busy to mentor you regular. Fortunately there is your Buddy around to help
    Poor compensation

    Advice to Management

    Think on how to retain talents more effectively


  2. Helpful (6)

    "Great place to do compliance, internal audit, be a mother or a slacker"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Director
    Current Employee - Assistant Director
    Doesn't Recommend

    Pros

    1. Iron rice bowl. No one ever gets fired. It's a government job.
    2. Everytime people leave the organisation, staff here will complain and gripe about their "low" pay as the reason people are leaving. Through this tactic people actually get pay raises without more responsibility or more work. Because their salaries must be "pegged" to outside for "competitiveness".
    3. Group bonuses are dependent on overall economic growth. It is essentially like buying a stock index instead of investing in one particular stock or sector.
    4. No clearly defined role - you can put in as much effort or as little effort you want in the job - as long as you put up a "good show" in front of management. Especially on the regulatory side, where staff go down for inspections. Inspections - you can spend the whole day at the bank chatting and surfing the internet, and no one will know, because frankly there are no clear goals.
    5. Great for mothers - a whole lot here. Very good work-life balance, because it is easy to attribute many hours to a few pieces of work.
    6. Great for slackers and those who like to chat and talk whole day.
    7. Nice cubicles where one can surf in peace.
    8. You do learn a bit about finance and banking industry.
    9. Great place to be if your ultimate goal is to do compliance or internal audit.

    Cons

    1. 3 months' notice - you have to give 3 months' notice. Not many employers will want to hire you.
    2. Work is not very relevant to banking industry. It's like trying to learn how to be a glass-blower just by watching glass-blowers work.
    3. No future except to continue working for MAS (related to previous point). Because after accumulating years of experience with a weird set of skills you pretty much can't work outside anymore - except to be compliance or internal audit.
    4. You tend to end up working with incompetent people as competent people tend to leave organisation soon.
    5. Over here, the mouth is mightier than the brain. Perhaps in quite a lot of places too.
    6. MAS regularly tells banks not to hire MAS staff. So MAS staff is stuck here.
    7. Internal transfer is frowned upon, even though "openly encouraged".

    Advice to Management

    Have a longer cool-off period? Make everyone serve one year notice like the Fed?

There are newer employer reviews for Monetary Authority of Singapore
There are newer employer reviews for Monetary Authority of Singapore

See Most Recent

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