What is it like working for ICBC early in your career?

The International and Commercial Bank of China (ICBC) is the world’s 19th largest employer with 425,000 employees. It is the largest bank in the world by assets and one of China’s “Big Four” banks. Established in 1984, ICBC has since grown to have a substantial global presence.

Working for ICBC, especially early in one’s career, offers various opportunities and challenges:

1. Global Exposure: Despite its roots in China, ICBC has branches in many countries worldwide. This provides employees with an opportunity to understand global banking practices and regulations, even if they don’t work directly in an international branch.
2. Comprehensive Training: ICBC, like many large banks, places significant emphasis on training and development. New hires can expect structured induction programs and ongoing training as they progress.
3. Hierarchical Structure: As with many traditional banks and particularly state-owned enterprises in China, ICBC has a hierarchical structure. Understanding and navigating this hierarchy is crucial for effective communication and career advancement.
4. Stability: As one of the world’s most significant banks and a state-owned enterprise, jobs at ICBC are often perceived as stable, especially compared to roles in smaller or private-sector companies.
5. Opportunities for Advancement: Given its size and diverse operations, there are numerous paths for career growth within ICBC. Those who excel can pursue opportunities in various banking sectors, from retail to corporate to investment banking.
6. Rigorous Regulatory Environment: Banking is a heavily regulated industry. Employees need to be familiar with and adhere to both domestic and international regulations that impact the bank’s operations.
7. Competitive Compensation: ICBC often provides competitive salaries and benefits, in line with other major banks in China and based on the specific role and location.
8. Traditional Corporate Culture: The work culture at ICBC can be more conventional and formal compared to younger, tech-focused companies. Respect for seniority, formal dress codes, and traditional working hours might be more common.
9. Emphasis on Relationships: In China, the concept of “guanxi” or relationships can be crucial in business. Building and maintaining good relationships with clients and colleagues can be an essential aspect of success in the banking industry.
10. Work-Life Balance: The banking sector can be demanding. Depending on the role, there might be instances of long work hours, especially during financial closings, audits, or major transactions.
11. Networking Opportunities: Given ICBC’s stature in the global banking scene, working there can offer valuable networking opportunities, both within the banking sector and in the broader business community.

Starting a career at ICBC offers a glimpse into the workings of a global banking giant. The experience gained can be invaluable for those keen on building a career in the finance and banking sectors.