Theman23 544 is correct about the 2 job descriptions.
As a dealer, ur main role is to provide advisory services to
clients with regards to the securities, and execute clients orders.
depending on the company, some do not pay dealers commission but
instead give them a fixed monthly pay (although bonuses tend to be
rather attractive).
As a personal banker, you'll be meeting different customers and
recommending your company's range of products. Most, if not all
firms pay their personal bankers a base + commission.
Which job is more suitable depends on where your interest is,
and your personality as well.
Thanks weymas. As for now, I am more interested in the PBA job
but it's still up to whether I can land the job. Plus, both jobs
start on April so I might end up somewhere as it's like another
2-3months of waiting time. I have been waiting for almost 3 months
for my first job =(
I did go through interviews for the above 2 job descriptions before
and from my own personal opinion the interview process as a dealer
is definitely more challenging. You might be posed with questions
such as
- What do you think of the outlook for the global economy?
- What stocks are you looking at and why?
- What is the closing index of the various key markets
- Are you able to handle the challenges in the dealing desks?
- Why do you think I shld choose you and not the others?
etc etc
Make sure you do your homework before going for interviews as a
equities dealer..As for the commission structure it varies amongst
different houses and is usually kept as a trade secret (so i would
not know)
Typically you might have to go through 2-3 rds of interview before
they decide whether to accept you into their trainee dealer
program
Thanks for your sharing. I went for the interview for dealer and
there are 3 rounds in total. Hopefully I can get through to the
next 2 rounds. Did you go for the PBA interview under HSBC? Mind
sharing how's it like?
