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TOP STORIESJP Morgan or Stan Chart: which is the better employer?1 July 2009COMMENTSStan Chart is great, if you want your whole career to be in Asia. JPM gives you better opportunities to work in Western markets. Read all comments »In the battle to become Asia’s best bank, J.P Morgan and Standard Chartered are emerging from the rubble as clear favourites. But which firm would you rather work for? The global powerhouse or the Asian champion? J.P.Morgan recently topped The Banker magazine’s annual list of the strongest 1,000 international banks, moving up from fourth place a year earlier. The rankings, which have run since the 1970s, are based on capital strength, or the amount of Tier 1 capital held. J.P.Morgan was helped by its takeover of Bear Stearns and Washington Mutual. Standard Chartered, unlike British rivals RBS and Lloyds, hasn’t needed a government bailout, and raised US$1.8bn from investors last year to increase capital and increase its buffer against bad loans. And although its workforce is 2,500 people lighter than late last year, it is hiring again in Singapore and Hong Kong. Recent results show that these two centres performed particularly well for Stan Chart’s wholesale banking unit. Which bank is performing better in your mind? And which is the best place to build your career? Let us know below.
COMMENTSbulldozer, Information Technology, Thu 02 Jul 09JPM probably. no one has touched the aspect of pay so let me tell an interesting story. we had a JPM guy come in for an interview (i'm at a local bank) cos the there were some aspects that he was not happy about. this person had only 1 year's work experience in TOTAL.
Kitty, Risk Management, Thu 02 Jul 09JPM of course. SCB pale in comparison. For fresh grad, one learn way more in JPM, or hardly anything, maybe corporate management / office politics,in SCB. Wonder why there are so many media coverage on how "good" SCB is. Maybe its PR is working harder than the others. Add your comment »ItsAJoke, Information Technology, Thu 02 Jul 09yeah, SC wins it anyday. After all, where else can I get the pleasure of having to kiss (a***) someone at office, have an excellent social life (watching my colleagues) and be heard (someone's always overhearing what I say). Add your comment »Simon Mortlock, Information Technology, Thu 02 Jul 09Well, this debate is certainly stirring you up! How about writing an anonymous monthly blog about life inside your bank?
Graduating, Student, Sun 05 Jul 09Speaking from a graduate perspective, I think starting a career with SC as a graduate is more stable than the blood-boiling analyst programme at JP. Morgan. I personally know many 07 graduates, who managed to get into Bulge Bracket banks, got fired this year. If you want stability and all-rounded banking exposure, SC is the way! Add your comment »khanduri, Sun 12 Jul 09What a joke.... whosoever thought of comparing a bullock-cart with a TGV
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