What it does: Banking services including personal banking, business banking, banking for small-and-medium sized enterprises, investments and overseas Filipino services.
Staff stats: Metrobank has employed over 10,000 employees around the Philippines.
The good bits: An esteemed board of directors, multiple awards, comprehensive training, competitive benefits and allowance packages.
The not-so-good bits: The company issues heavy workloads especially for front-end roles, so expect the occasional burnout.
Hiring grads with degrees in: Finance, Accounting, Business, Economics, Mathematics, and Engineering, among others. The company puts a premium on good scholastic records.
Metrobank is the Philippines’ second largest bank in terms of assets, trailing behind Banco de Oro. A group of Filipino entrepreneurs established the company in 1962 in Binondo, Manila. A year later its first branch was inaugurated in Divisoria. Come the 70s, the company expanded beyond Philippine shores with its first international branch in Taipei.
Metrobank spearheaded the Metrobank Foundation in 1979 to emphasize both business success and community contribution. The company is a pioneer in several ways: It was the first bank to launch the country's only talking ATM in 1990, the first billion-dollar bank to rack up a total capital of Php22.8 billion, and the first bank in the Philippines to raise a supplementary capital overseas of US$325 million in lower tier 2 capital and hybrid tier 1 capital during the years 2003 to 2006.
The Metrobank Group has over 557 local branches and 32 offices in cities such as New York, Tokyo, Seoul, Hong Kong, Osaka, Pusan, Taipei, Madrid, Milan, Chicago, Hawaii, Rome, and Shanghai, among many others.
The bank targets high net-worth individuals, mid-size companies, local and multinational corporations, and the retail sector. Today, the bank aims to be the country’s leading financial conglomerate by consistently expanding and improving its services. In 2018, the bank's net income grew by 21% (year-on-year) to P22 billion -- the fastest growth among prominent players in the local banking industry.
Depending on your role, there's a good chance you’ll be brushing shoulders with big names and industry experts. Among its board of directors, management team and executives are some of the most prominent in the Philippine finance and insurance industry. The country’s former President, Fidel V. Ramos, serves as one of the company’s senior advisors.
In 2019, Metrobank bagged several awards at The Asian Banker Transaction Awards including the Best Trade Finance Bank, Best Transaction Bank, and Best FX Bank in the Philippines. In the same year, it was also lauded as the Best Managed Bank in the Philippines for its financial performance, feedback from staff, investors, and customers in the industry.
The company follows the standard recruitment process for most roles. Applicants are requested to apply online. Successful candidates will be called back within one to three weeks for an on-site examination on math, English, and abstract reasoning. Those who pass the exam get to move forward with a series of 1-on-1 interviews (former employees in Glassdoor noted two interviews: one with the HR department and another with their designated department head). The process may be more rigorous for higher roles with exams and interviews coming one after the other.
According to current employees, Metrobank offers attractive benefits, including a clothing allowance, medical allowance, mid-year bonus, CBA, 13th-month pay, and performance-based bonuses. To ensure salary competitiveness, Metrobank's compensation package is regularly reviewed and benchmarked against other banks through annual compensation and benefit surveys conducted by Towers Watson.
Metrobank offers training and guidance through the Metrobank Academy - a training certification policy for new hires with a structured plan customised for each position. Current employees cite Metrobank's comprehensive training system and supportive management teams to be one of its best benefits.
Through the Metrobank Academy, the company encourages ethical and behavioural skills to develop a culture of responsibility and accountability. While most employees are quick to comment about piling workloads, these very same workers claim to get by with the company’s friendly and understanding management and better-than-average compensation.
Metrobank’s volunteering arm, the Purple Hearts Club (PHC), is composed of 52 chapters with 7,400+ members. The organization supports various communities via programs that support environmental stewardship, education, health and the arts.
More than 11,000 employees have participated in PHC’s projects over the last three years, helping around 35,000 people through corporate-community partnerships. The organisation was awarded the National Outstanding Volunteer Award – Corporate Organisation category by the Philippine National Volunteer Service Coordinating Agency.
For hard workers who value personal growth, Metrobank promises a rewarding career with its valuable training and attractive benefits. Workloads may not be a walk in the park, but past and present employees cite the organization's nurturing environment and supportive management team as a plus.