Got a job offer from Standard Chartered Bank recently. Went through 4 rounds of interview and got an email saying I’ve been selected but they said it’ll take about 2 weeks to come out with even just a verbal offer? Is this common across banks in Singapore or are they just stringing me along?

like
Posting as :
works at
You are currently posting as works at

They likely have a top candidate/other candidates in mind. Just keep looking until you have signed

likesmartfunny

Well that would be funny/sad indeed. Makes me wonder they put me through 4 rounds xD

Yea that’s normal. Not just for banks.

Continue your job hunt in the meantime and tell SC if you have to make a decision on another role before they can make an offer.

likehelpful

My background is oil n gas/ commodities. Usually offers are dished out pretty fast! Thanks for the advice :)

Yah it happens. I personally know of a friend who interviewed for a local bank and had to wait 2 weeks + for an offer.

He managed to get it slightly faster as he had another offer from another company

likehelpful

Ahh I see! Thanks a ton for sharing. Makes me a feel a better that it’s expected then I guess :)

like

got an offer from DBS and timeline is similar. completed 4 rounds and after final round they only said i’ve been shortlisted and told me wait for an offer. took them 1 week plus for the offer to appear.. 🤨

likehelpful

Yeah seems like it’s a similar case. Think it’s a banking though. Previous companies I’ve worked at like Shell, J&J are pretty fast. Usually draft offer letter and then nego figures. Banking seems to be opposite

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Just wondering if you need to have banking/financial industry experience to join banking industry? There’s a role at SC which am keen but they indicated banking experience is required

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I would say it depends. You need to demonstrate experience in the skills required for the role. For me though, I’m an engineer, but my background is heavy around data analytics. That helps me switch across industries without too much hassle because people use the same technologies but different use cases. This is mostly the case for tech. But if you want to become an investment banker for example, it’s a long shot. So if you think you have the skills to fulfill the JD, give it a go :)!

P.S Upon rereading your comment, since they say banking experience is required/preferred, I’d say don’t hold out hope.

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