Lack of Cost Control in the Banking Sector

[2standards]

No wonder the banks are in a state they are in now with the total lack of cost control

100k for Assistant Private Banker
October 11th, 2007

There is a job notice in www.eFinancialCareers.sg that offers a $100k per annum salary for an Assistant Private Banker position.

The job scope entails providing administrative and sales support. In other words, the successful applicant will just in effect be a secretary of a private banker. Not much work, I suppose?

I’m beginning to doubt my scepticism on a 6-figure monthly pay of private bankers.

 

[BlueCat]

not lack of cost control,it is just that when the economic is good.
those control are just bypass or not strictly enforce as they are more focus on those figures and numbers.

 

[Ah Guan]

The pay levels in the banking industry is just incredible sometimes.

Good researchers and educators should be paid top dollar instead - they are the real value creators in the economy.

 

[2standards]

not lack of cost control,it is just that when the economic is good.
those control are just bypass or not strictly enforce as they are more focus on those figures and numbers.

Greed if you ask me