Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment - Jobs/Vacancies - Nairaland
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| Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 7:49am On Oct 30, 2016 |
On July the 4th, hope was given to many young graduates, when the graduate trainee recruitment exercise of an unknown bank called coronation merchant bank was listed on many job sites. For an inquisitive mind, the first thing that comes to mind is to browse the bank website because for 90% for the would-be victims, this was the first time they heard about the bank. The hoax started when they asked people to send their CVs to a particular mail, this was so because, basically they had no website of their own, why then will they have a website for the recruitment exercise. Like a month later, people started receiving calls from their HR guys to schedule them for a test. Over a thousand brilliant minds all over the country gathered at JKK building for the exercise spread over three different dates within the space of a month. The hoax of a recruitment was carried out on behalf of the bank or rather in collaboration with Human Capital Partners (HCP). Looking at their staffs self, you for don know say, this recruitment thing serious die. Many graduates dread dragnet examinations for one reason, the toughness of their exams, but you are always assured of something that if you pass, dragnet aren’t going to short change you, you will surely get to the next stage and anything that happens at that stage is solely your responsibility. Most times when you do dragnet tests, you see the result immediately and you know your standing. Many sensible organizations that are sincere about their recruitments exercise have even resulted into the use of online assessment as their first stage and by the time you scale through, you can then undergo another form of test during the interviews or assessment centre. But in the case of CMB-HCP collaboration, test takers were told, their results will be released after the whole test exercise which I guess ended on the 15th of September, 2016. However, as part of their recruitment exercise, candidates are required to write two essays out of three. This is also not strange in Nigeria, but coronation merchant bank essay was different from other companies. When candidates are required to write essay after the exam, the common questions are 1. Where do you see yourself in the next five years? 2. Write an essay about latest happening in the economy? 3. Discuss a given topic, probably inform of a debate etc. But in the case of CMB, candidates where given three questions, totally focused on the bank. Questions like 1. coronation merchant bank wants to be the number 1 investment bank in Africa, what do you think can be done by the bank to attain this. The second question was also very close to this while the 3rd question was the one asking candidates what they feel they can bring to the bank. Let us assume that every candidates gave them 3 points each on how the bank can be the number 1 investment bank, multiplying this by 1000, will give us 3000points on how the bank can move forward and overtake other banks as the number 1 investment bank in Africa. They tactfully cheated 1000+ brains to divulge tactics on how they can improve their services without paying these brilliant youths a kobo. This is one of the things youths go through in a bid to secure employment. Exactly a month after the hoax exercise about 50 people were invited for ASSESSMENT CENTRE. 50 people at once for a day assessment centre, for all the exercises that they will partake in that day, you invited 50 people at once, haba, even if na 10 per group, how many people dem get wey go supervise the exercise. The baffling thing however was that this was the first I heard an assessment centre was carried out before candidates were sent regret mails. Are you telling me that out of about 1000+ fresh graduates, less than 26years of age, only 50 of them passed? That is just 3-5% passed the so called test. Haba, education in Nigeria is nothing to write home about, but we are not fools. Even the dreaded dragnet won’t come up with such a result. Or why was regret mails sent after the assessment centre? Probably because, people had started to call, text them asking for their results. What will they send people that went for the assessment centre? Are you going to send them success mails and invite for assessment centre or what? It means the assessment centre itself must have been a hoax. The CMB-HCP recruitment is a total rape on not Nigerian brains but also on our education system and we Nigeria youths must resist this. The recruitment was simply a cover up. 95% of people that got the message for assessment centre were people that had connections with the bank or HCP itself, but since they were selfish, they needed ideas on how to move forward but they were not willing to get the best brains in town, but they can get their ideas by calling for a recruitment exercise. I won’t be surprised if out of the 50 called for assessment centre, only 5 or 10 were picked. Those wey no know anybody for HCP or the bank, they don use dem dump dem. I know staying without a job is hard, but my candid advice to job seekers is to beware of both Coronation Merchant Bank and Human Capital Partners (HCP) as any recruitment by these two organizations are simply meant to exploit youths as well as waste their precious money on transportation. I challenge both CMB and HCP to come clean with this recruitment exercise and probably next time, ensure that the computer is automated to bring out people’s result immediately after the exercise so as to forestall such rape of youthful brains. Organization like Coronation Merchant Bank and Human Capital Partners do not deserve to be the number 1 in their respective fields, as they are simply bunch of cowards and liars. I hope many people don’t fall into their traps anytime soon. Nigerian youths are brilliant, we are not as dull as Coronation Merchant Bank-Human Capital Partners painted us……….. 5 Likes |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by jaytees: 9:31am On Oct 30, 2016 |
Please accept your loss humbly. HCP did recruitment for coca-cola last year, and I have friends who got without knowing anybody both in HCP and coca-cola. An organisation can publish vacancy, and at the end they need just 5 people even if 1 billion people applied. It was fair they gave about 1000 people a chance, and it's ridiculous you complained about the essay, you should do your research about a firm when applying and think of how you can improve them, that's the difference between an extraordinary candidate that gets hired and those that are dropped. Please next time, practice your aptitude test, and try to be the number one candidate. Organisations are not charities, with the present economic condition most organisations are not even hiring, and you're coming here to rubbish the reputation of an organisation that wants to give graduates a chance without providing facts. You might as well delete this post unless you have facts. 5 Likes |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 11:26am On Oct 30, 2016 |
jaytees:Accept a fabricated result from that recruitment.I guess last year, your friends that entered coca cola followed the same process, guess cola cola sent regret mail to other candidates after Assessment Centre or when they had given the job. I never said people dont enter organizations without help,but do you knw coca cola had done entrance exam for graduates recruits 2 months ago without involving ur so called HCP. Guess they did a great job last year and they were sidelined. Fact is they used people, dont knw who u'r and where u work, bt if u did d test,u'll knw dt d result dey used ehn,lemme kip quiet. D process wasnt transparent and dt is d fact. No one complained about d essay, bt wen u got ur job if u have one, those were d type of essay u wrote abi, what questions wil they then ask during d interview then, u didnt talk abt d assessment centre invite b4 releasing d results cos u knw its simply not right. You can support them, its ur choice, but it doesnt change d fact dt many stories remain untold 2 Likes |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by davide470(m): 11:49am On Oct 30, 2016 |
Mayoor15, Because you didn't scale through a tough recruitment process does not mean you should go about castigating the fairness of the process or the metrics used in deciding who passed and who did not. The firms you mentioned are quite reputable and the words you used: (They tactfully cheated 1000+ brains to divulge tactics on how they can improve their services without paying these brilliant youths a kobo) were utter bvllshit. Mind my french please Just in passing, during the Total Plc recruitment in 2015, we were about 300 in the Assessment Centre from 3000 peeps that wrote the test and nobody complained even after 30 people were called for the next stage because it was a fierce competition. I know there is a nepotism factor in Nigeria, but still, as a young Job seeker, you should learn patience, correction, persistence and from failures. Build on your skill set. Don't go about opening threads because you are aggrieved. There was nothing wrong with the essays; i would even encourage firms to tow that path of questioning. I would allow the thread to go on for awhile in other to hear more views, then it would be closed. Cheers. 4 Likes 1 Share |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by christhavemercy(f): 12:00pm On Oct 30, 2016 |
HCP is not a hoax. I was in the NBC management recruitment last year and yes over a thousand graduates wrote the exam at JKK and other centres in Nigeria but only abt 50 (or less) of us made it to the 2nd stage. My friends who didnt make it to the next stage never got a regret mail. The Assessment day was stressful and extremely challenging and i'm sure only a handful of us made it to the next and final stage. Just accept this with grace, something bigger might be in store for you. |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 12:26pm On Oct 30, 2016 |
christhavemercy:datz true, u said they didnt send regret mails,dt wil av b d best in ds case, d recruitment wuld av died a natural death. When u did NBC test,d essay u did was lyk ders also ryt, fact is d essay points they needed wz d main reason 4d recruitment& nothing else. 1 Like |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by Akpasomething: 3:05pm On Oct 30, 2016 |
mayoor15: I wonder why you are here typing all this.. I wrote the coronation bank test, fortunately i was called for the assessment centre alongside 50 other smart young Nigerian. Your article is like saying the 56 guys and babes that made it to the assessment centre didn't merit it. And that is a horrible way to think. And hey, Considering the assessment centre, HCP and CMB had more than enough staffs to take care of things. And it was really a very tough exercise. Instead of wasting your energy casting aspersions on an organization because you didn't make it to the next stage, why not channel that energy into preparing yourself for the next recruitment that may come your way. If all of us were to cook up articles like this anytime we didn't make it to the next stage of a recruitment, I wonder what this board will look like. Davide470.. over to you... Do what you do best  3 Likes |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by musco4me: 3:32pm On Oct 30, 2016 |
thread closed.  |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 3:48pm On Oct 30, 2016 |
Akpasomething:Nobody said you dont deserve your seat, but the question is why send regret messages after AC. Why not send the messages both success and failure before AC. Why conduct d 2nd and 3rd test since you know the focus was on d first test. Bro, you guys werent d smartest, time and chance were favorably 2u. Dont get over yourself, alwz see yourself lyk u knw nthn dtz d only tym u can get brta. 1 Like |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by Akpasomething: 4:09pm On Oct 30, 2016 |
mayoor15: I don't get your point. You cannot dictate to a firm when to send feedbacks. when your father isn't the owner of the firm. Companies will always use their discretion. Some firms contact only the "successful" ones. What will you do in that situation? shoot them? Your last sentence... You need that advice more than I do. This thread is a proof. cheers mate 1 Like |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 4:17pm On Oct 30, 2016 |
Akpasomething:Yes boss,my papa no get CMB nor HCP. Not sending regret mails is far better than doing it after AC. Mr solomon the wise, I know your type. All the best in your adventure with CMB...That makes you happy right |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by abimic(m): 4:22pm On Oct 30, 2016 |
I have two of my friends who didn't make it through and yet they moved on. In this economic recession where good companies hardly recruit openly but rather confidentially, here because u didn't make it through via whichever way they chose to base candidates' competencies isn't worthy of your reproach as long as some made it through without fear or favoritism, then it's okay. Private firms reserve their prerogative in whichever way they base their recruitments on, I've lost out in better firms recruitment styles, still,i get good offers elsewhere without calling any company out. Just stay calm, better offer would still come as it would get easier for some and tougher for some, in all just be ready and let your preparation meet with opportunity. 2 Likes |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by Zirah: 4:22pm On Oct 30, 2016 |
Hey. You're one smart guy. You've written very intelligently, wouldn't have thought. davide470: 1 Like |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by davide470(m): 4:28pm On Oct 30, 2016 |
Zirah:
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| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by davide470(m): 4:30pm On Oct 30, 2016 |
mayoor15:Lol. Young Warlock!. Anyways, you will learn with time sha. |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 4:41pm On Oct 30, 2016 |
davide470:You are the superman now. Time shouldnt be my teacher alone, think you too can dish out some teachings....lol 1 Like |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by TheSCRYPT: 5:42pm On Oct 30, 2016 |
Lol. Someone is bitter. Ogbeni move on. |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 6:01pm On Oct 30, 2016 |
TheSCRYPT:you can say what you like bro, am not bitter, this wasnt my first exam and wont definitely b d last, hav even written some after CMB. All am saying is der's symtin fishy in d process & majority of people dt did d test wil agree to dt, ppl wil surely move on, only brought dis ish out 4 a reason, so dt both CMB & HCP staffs can see dis and ensure d next exercise they do is far better and transparent than this, for example u only write kpmg essay after u succeed in d test if d recruitment was outsourced, datz a clue, another, no nid send out regret messages afta conducting an AC. Why nt say only successful candidates wil b contacted. Yes am criticizing nt because I didnt make it,but when u'r doing symtin, do it perfectly nt wit loopholes, so dt ppl wont hav doubts. 1 Like |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by maryjabeez: 8:49am On Oct 31, 2016 |
The only valid point I can see is this: 1) from the onset a firm know how many bodies it needs per time so why invite over a thousand when you need abt 50. 2) every recruitment process should help shape the candidate to perform better in his search. If u can't learn frm a recruitment process some mistakes u made and avoid them. It's of no use then. I dint apply for cmb Bhet I get the writers' point. 4 Likes |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 9:39am On Oct 31, 2016 |
maryjabeez:God bless u. Those they invited 4d 1st batch in August were 800 or there about, and most that went for AC were from this batch, then batch 2&3 just wasted time kind of, if u do a test and u fail, deep within u, u'l knw u did badly, d test wasnt adaptive whereby a wrong answer drags ur score down..a guy was saying, ppl shuld goan and study gmat,datz true,but der must b symtin 2 learn frm ur past failure, bt in dis case, majority of d ppl dt went 4d test, wil av nthn 2 learn.,cos der is no lesson except ds is NIGERIA. Maybe d pass mark was 100% sha...lol 1 Like |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by jaytees: 11:17am On Oct 31, 2016 |
Let's say you need 5 people, and having posted the vacancy and listed the requirements, 1000 people applied and met the criteria. Is it not fair you give the 1000 people that applied and met the criteria the chance to partake in the recruitment process?, which is what CMB did to give everyone a chance. Assuming you had a 2'1 and met other criteria, and yet you were not invited for the aptitude test, I suspect you will still come here and say the selection was done by personal recognition. Yes I was invited for the assessment centre, and I don't know anybody either in cmb or HCP. Even if I don't get selected, I won't come and say the recruitment wasn't fair; I know in life I won't get to win all the time, and those selected might have performed better than I did, so I will strive to do better next time. You complained of the question, CMB made billions in profit last year, and if they wanted ideas on how to grow their profit, they can afford to hire management consulting firms. Next time you come for aptitude test, you have to prepare for everything, know about the company, industry and what you feel you can offer to them. My advice is not compulsory, but if you keep believing the result of every test you go is based on personal recognition, you won't be motivated to improve your performance; what you feed your mind is what you get. I wrote aptitude test with Shell last year, and I got a reply after six months, and within the six months, they had invited people in batches for their assessment center exercise (shell recruitment day),yet I didn't complain, but kept working hard to get better. 2 Likes |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 5:58am On Nov 01, 2016 |
Zirah:what is the need for the colour, you've passed your message now and nobody attacked you. I dont need you to tell me my level of intelligence, if you feel am not intelligent and d mod is, its your PROBLEM,live with it. I dont care about your opinion. In life like they say many are the eyes that look, only few sees, I dont expect you to see any logic in what I wrote, we dont reason d same way,so also our IQ, am sure some got d logic, dtz okay by me. Pass ur comments without inciting or abusing others, anyways am nt surprised. Evn d mod couldnt do dt,why wil u then do dt. 1 Like |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by VMpi744: 6:51am On Nov 01, 2016 |
So I was part of the August 20th batch aka 1st batch. I share your sentiments on the feedback matter and feel it should be done after each stage of the recruitment for any firm. In the past, I would call the recruitment team to 'demand' for my feedback. Yes, DEMAND cos I felt they owed me that at worse if not the offer letter . These days, I seem to have embraced the "if they want me they would get back to me" approach aka "move on with my life".My 2cents to you is to stick with either of these whichever sooths your innermind. Different firms, different recruitment policy/culture. Some send you general regret mail, some send personalised feedback (aka polite regret) while others feel they are under no obligation to get back to you (sounds harsh? Well na so life be ).Note: some peeps state in their job ad that ONLY SUCCESSFUL CANDIDATES would be contacted. Which I think would apply all through the recruitment. Moving on, I would like to set some things straight, reply or add to the points you've raised. 1. Number of INVITED test takers in BATCH 1 was 600+, <700 sha (from the last S/N in the range of serials at the reg point that day). Even if we assume 100% attendance rate (which wasn't the case), 800 is still on the high side. *I know this aint relevant but I couldn't help it.  *2. So they CHEATED us? How? Cos I didn't even realize it  . To the best of my knowledge, nobody forced us to answer those essay questions neither were we 'deceived' to write them. CHEATED in my opinion is way overboard faa. We CHOSE to give them these points.3. They got 3000+ points on how to be Africa's No. 1 IB for free? Just like that? won ti gba wa o... #OshoFreeConsulting Well this your 3000 free points theory is implausible cos it is based on very faulty assumptions which are: that we all answered that particular question (when in actual fact we were at liberty to choose any 2 outta the 3 short essays) and we all gave unique points. Personally, I dont feel anyone would be able to write something 'gheghen' within 30mins. Talk less of providing 3000 combined. The essay questions: a. Peculiarities of banking in the Nigerian Economy. b. Role of Merchant Banking in the Financial Services Sector. + How CMB can achieve it's vision c. Why should be you be selected for this programme? What would be my contribution to CMB? 4. You questioned why they conducted a 2nd and a 3rd test when they know their focus was the 1st. My Opinion: I think they didnt get enough 'AC potentials' from the 1st. Hence, the need for a 2nd and also a 3rd test. Or probably they wanted to give all those shortlisted a chance to prove themselves. 60 peeps were shortlisted for AC. 56-58 attended. I interacted with about 10 peeps that day and 40% of them were not from Batch 1. My sample could be biased (awon ti stats) but the point is we had a mix of people from different test dates. 5. You also raised "you invited 50 people at once, haba, even if na 10 per group, how many people dem get wey go supervise the exercise" Response: From my estimate, the ratio of participants to hcp+cmb staffs present that day would fall between 1:1 to 1:2 if not LESS sef. I was too busy that day. Else I would have given you the exacts. I have an OCD for counting + the ID no. of all assessors were on the programme of events. Point is they got us 'covered' 6. And this: "Or why was regret mails sent after the assessment centre? Probably because, people had started to call, text them asking for their results. What will they send people that went for the assessment centre? Are you going to send them success mails and invite for assessment centre or what? It means the assessment centre itself must have been a hoax." Response: Some recruiters don't send regret mail until the process is over. Why? Well probably cos they believe in the saying: "it aint over until the fatLady sings". Let say those that came for the AC didn't 'perform' who knows another AC could have been organised for the top guys on the 'waiting list'. I dont know what next after AC and I aint aware they have buzzed anyone. They might have done that sha. Which would mean I may have also been raped as you put it. In that case, I would simply move on. 7. Finally this: "I challenge both CMB and HCP to come clean with this recruitment exercise and probably next time, ensure that the computer is automated to bring out people’s result immediately after the exercise so as to forestall such rape of youthful brains." Response: lol. True sha Funny enough, I gave them a similar feedback at AC. We had an essay, 2 verbal tests, one numeric (this particular one got people flipping pages like kilode') and a personality questionnaire at the AC and all these were done on PAPER. Using PCs for this would make things faster for us and also allow them grade faster and efficiently. In sum, no one is perfect. We learn from these flaws. I believe all parties involved would up their game next time. + Just like my friend would say: 'In the end We would all get there' See you at the top mayoor15 mayoor15: 2 Likes |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 7:15am On Nov 01, 2016 |
VMpi744: |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 7:35am On Nov 01, 2016 |
@VMPi744, great work you did there, when you start work over there, remember to share this beautiful analysis with the HR guys, so as to help them the next time. You are lot better than some peeps that feels they are super intelligent and cant see any flaw in the process.We'll surely meet at the top boss |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by VMpi744: 7:35am On Nov 01, 2016 |
You reply isn't visible [quote author=mayoor15 post=50669872][/quote] |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by VMpi744: 7:39am On Nov 01, 2016 |
Seen Thanks for the prayers. #Hope93 mayoor15: |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by Zirah: 10:56am On Nov 01, 2016 |
Hey. My response to davide470's comment is exactly that and doesn’t indicate agreement. But if you want my objective opinion, here's it: You ought to know that companies have sovereignty over how they recruit, who they recruit and why they recruit. It's not for anyone to impose their opinion on that. You may refuse to accept the possibility that you failed the test, according to CMB's standards, which is okay. What isn't okay is if you do not learn the art of transmuting your disappointment into your greatest achievement. I could sense from your initial post that you're inherently insecure and have a sense of entitlement complex. These are seriously limiting and defeatist behaviours. The only limitations you see, like your topic above, are the ones you set up in your own mind. Learn and move forward. mayoor15: |
| Re: Coronation Merchant Bank 2016 Graduate Trainee: A Hoax Of A Recruitment by mayoor15(m): 11:38am On Nov 01, 2016 |
Zirah:I think you are entitled to your opinion about whatever and whosoever, its your opinion and that is it, but you know what am gonna say, no time to start exchanging or trading words with you cos I feel it wil be a waste of time, so we just END it here. THE END 1 Like |
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