Evaluation of Chinese Joint-Equity Commercial Banks' Salary, Stability, Development Potential and Comfort Degree

Source: http://fasthorseinc.com/blog/2008/10/08/rank-nonsense/

Continue with my last post about Chinese state-owned banks' evaluation, today let's take a look at another major type bank in China: joint-equity banks.




1. China Merchants Bank (CMB)

As one of the most controversial employers in 2007, even though CMB created several thousands positions for fresh graduate students with relatively good salary payment, there are a lot of fresh graduate grinding their teeth and hate CMB so much. As for the reason, no one can really tell. It is to be explored by you in the future. 


2. Shanghai Pudong Development Bank (SPDB)













SPDB is also called eldest child of Shanghai Government, it is generally recognized as the bank with the best benefit package in Shanghai. But recently this benefit has declined a lot. However, a lean camel is bigger than a horse, the current benefit of SPDB is still attractive enough for most fresh graduate students. You will also be able to receive low-interest loan and mortgage from the bank if you need it. 


3. China CITIC Bank













CITIC Bank was a well paid bank in previous few years, but now it has declined a lot. Some competent people chose job-hopping after this decline. It will be still a fine choice if you are willing to make a profit in a troubled situation. You might get salary raises after you get promotion. 


4. China Minsheng Bank (CMSB)













People say CMSB is a rice barrel with one condition: your father must be rice store. It is a joke but at the same time reflected some level of reality. If you have some social resources on hand, you don't even need to go to company everyday in CMSB. But if you cannot make a satisfied performance, you will be kicked out without any hesitation. It is crucial, but it is the reality of most joint-equity banks. 

5. China Minsheng Bank (CMSB)

People say CMSB is a rice barrel with one condition: your father must be rice store. It is a joke but at the same time reflected some level of reality. If you have some social resources on hand, you don't even need to go to company everyday in CMSB. But if you cannot make a satisfied performance, you will be kicked out without any hesitation. It is crucial, but it is the reality of most joint-equity banks. 

There are some other major joint-equity banks in China that are not listed above because of the limited information I can get. If you feel interesting and want to explore deeper in it, I'm glad to dig deeper with you on some specific banks.