An executive at a local bank pays RM4-5k? You must be kidding.

Like i told you. Depends on what department. And yes, it's RM4-5k. If you not believe, then you can try and apply and see how much they offer you.

All degree are the same. I assume you are talking about professional paper? There are a number like CPA, MICPA, ACCA, CIMA, CA, etc. For Malaysia, all qualification papers are the same. But if you go overseas like Australia, CA is more recognise if you work in Accounting Firm while CPA is more recognise in commercial eventhough both CA/CPA is originated from Australia. Bear in mind those oversea paper is recognise in Malaysia while local one will not be recognise in oversea. For example MICPA is not recognise in Australia. For starting pay, it depends whether it's commercial or accounting firm or whether it's big4/ MNC or small company. Small-Medium company pay can start from RM1,500 while big4/MNC start around RM2,500 (big4 might have revise)

[/quote]
only RM1,500 even with degree or professional paper.. u gonna be kidding...

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Added on June 1, 2010, 12:13 amonly RM1,500 even with degree or professional paper.. u gonna be kidding...

This post has been edited by FantasyLife: Jun 1 2010, 12:13 AM

msia's official stats that about 74% are earning less than 2k. it's so sad

Am i underpaid a lot?

I know that this field is quite specialist in Oil and Gas Upstream.

Age : 24+
Job Title : Graduate Process Engineer
Job Descriptions : HYSYS steady state and dynamic simulation. Assist flow assurance studies.
Years spent in company : 1 Year
Company : Engineering Company (small scale >4 engineer including me)
Industry : Upstream Oil and Gas Consultancy
Experience before joining : Fresh Graduate
Qualification : Degree in Chemical Engineering (1st class, Local University-APEX)
Basic on joining : RM2,000
Current basic : RM2,500 + 200 travel allowance
Working hrs: 9am-6pm (flexible)
Location: Klang Valley, everyday drive 70+ km to-and-fro from work (toll: RM5.20 per day)
Benefits: Insurance Premium, annual leave, medical and dental
Financial burden: family and car loan

I don't have so much time to make the applications just to prove your point la.

By the way, what departments la? You mentioned this in two posts but we still do not know what departments offer what.

No time ma no 5k pay for you I believe. Your 2nd statement kinda wanna trap him to reveal the dept with high pay salary so you can save time and apply yourself.

Ya ya, you are so smart. Btw, why should i go back to earning 5k la? And how sure are you i am in the banking sector? Man.....

I din't say you are from banking sector. Whether you want to go 'back' earning 5k is not my concern, I am just responding to your hostility to the previous poster.
Man.....

Please respond with something more intelligent la if you want to play hero.

No one is trying to be hero here. If you think that RM5k is too high/low for a banking line, then by all mean give you valid reason and if you know who much ppl in banking lines are getting. Like told you, it depends on department. If you wanna me to reveal what department is that, i'm sorry i can't say much of it. I'm not getting anything from here. Just sharing info. I have friends working in accounting (Big4/ commercial) and banking lines and from executives to higher management and bet you have too. All info ofcourse from what they have told me. But how true it is, i can't say it's 100% accurate but i trusted what they told me and it's within the range. No point for me to jack up the price/ lower it. But if you have more info, please share. And for your info i got offer from a banking department before. Offer is no where near what im getting now. So that's from my friends info and offer from the bank, i know roughly how much a person is getting and also the previous person is saying "executive" that is also a general term. A person can be executive, senior executive, VP also consider as executive. So how you define it? We all here to share info and not argue. If you think my info is not right, then you can provide more accurate info. Or anyone from banking line can enlighten me if i'm wrong. I'm happy to get ppl's view


[quote=Starbucki,Jun 1 2010, 12:57 PM]Please respond with something more intelligent la if you want to play hero.

[/quote]

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Added on June 1, 2010, 1:50 pm[quote=FantasyLife,Jun 1 2010, 12:10 AM]
All degree are the same. I assume you are talking about professional paper? There are a number like CPA, MICPA, ACCA, CIMA, CA, etc. For Malaysia, all qualification papers are the same. But if you go overseas like Australia, CA is more recognise if you work in Accounting Firm while CPA is more recognise in commercial eventhough both CA/CPA is originated from Australia. Bear in mind those oversea paper is recognise in Malaysia while local one will not be recognise in oversea. For example MICPA is not recognise in Australia. For starting pay, it depends whether it's commercial or accounting firm or whether it's big4/ MNC or small company. Small-Medium company pay can start from RM1,500 while big4/MNC start around RM2,500 (big4 might have revise)

[/quote]
only RM1,500 even with degree or professional paper.. u gonna be kidding...

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Added on June 1, 2010, 12:13 am
only RM1,500 even with degree or professional paper.. u gonna be kidding...

[/quote]

It's true. If you check statistic, a lot of them earn less than RM2k

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Added on June 1, 2010, 1:55 pm[quote=elh1220,Jun 1 2010, 09:32 AM]
Am i underpaid a lot?

I know that this field is quite specialist in Oil and Gas Upstream.

Age : 24+
Job Title : Graduate Process Engineer
Job Descriptions : HYSYS steady state and dynamic simulation. Assist flow assurance studies.
Years spent in company : 1 Year
Company : Engineering Company (small scale >4 engineer including me)
Industry : Upstream Oil and Gas Consultancy
Experience before joining : Fresh Graduate
Qualification : Degree in Chemical Engineering (1st class, Local University-APEX)
Basic on joining : RM2,000
Current basic : RM2,500 + 200 travel allowance
Working hrs: 9am-6pm (flexible)
Location: Klang Valley, everyday drive 70+ km to-and-fro from work (toll: RM5.20 per day)
Benefits: Insurance Premium, annual leave, medical and dental
Financial burden: family and car loan

[/quote]


Not really sure about engineer. But from my experience in audit. The pay you getting is reasonable. Within 1 yr you getting RM500 increment that is a lot. It works out to be 25%. All from the rest of the benefits, it's quite good too. Flexi working hour, and dental (not many co having this). Any other from engineering mind to share their view?

This post has been edited by calcom21: Jun 1 2010, 01:55 PM

This is what I was looking for. When you said 'executive', I am naturally assuming you meant a junior executive e.g. Accounts Executive, Audit Executive, Marketing Executive. This is because a real executive (using the American term for senior executives) can't be earning merely 4-5k.

Anyhow, you said you are posting the info in the spirit of sharing. But such vague and unfiltered information is not going to do anyone any good.

Just my thoughts. Thanks.

"executive" in msian terms=just anyone who's not doing menial work and have some degree of power decide sthg (even if very small scope of power)

it's a term that's very abused here lar. a lot of ppl's jobs all got EXECUTIVE in the title.

Are you in America or Malaysia? In Malaysia, they called executive. Those senior executive are called higher management in Malaysia. If you are working in Malaysia for sure you know this. When ppl ask how much executive is getting usually they refer to someone with experience. See the post posted by eva8389 earlier it cleary stated with "3 YEARS" audit experience to banking line. How can a person be higher (or senior executive in US term) with only 3 years of audit experience. This is too illogical for you to argue that the info is vague. You are just merely defending yourself. By all mean why you come to this website in the first place? Almost all the info here is not filter. Why bother looking at this page? You want exact figure, then go to interview and find it yourself.

i notice that msians are generally lacking in research skills.

don't be too hard on him, calcom21

lol

You are merely reiterating what I wrote on the definition of 'executive' earlier. Good, at least we are on the same page now.



An Accounts Executive for example, is an entry-level position for graduates. Enough said about the definition of 'executive'.

You said it yourself that you took your friend's comments on the RM4-5k at face value and you had no inkling as to what they actually do or if the figure given is valid. I would have believed you if you said that he/she earned that as a Corporate Finance Executive at CIMB Investment Bank, but did you even say anything of that sort? You were deliberately general about it and do not blame me for your own shortcomings.

Someone asking how much a person with 3 years experience in audit firm joining bank gonna get as an executive. Ppl asking for general question, obviously you gonna answer in general term. You don't expect to give an orange and ask ppl in apple in return. It just don't work that way. You are making your own assumption as i said depends on what department. I didn't say whether my friend is working in CF executive or not or whether it's in CIMB or not and yes i do have friends working in CF in CIMB and other banks like Stand Chart and HSBC. You didn't ask further on it and challenge ppl on your own doubt and blame ppl on your own wrong thinking. Ppl like you just so lazy to read and find out and need ppl to spoon feed you and expect ppl to think what you thinking. In my answer i did not say exact amount a person can get nor i said any vague figures. He did not specify what and which department he's referring to.

That was what you said, to which I responded. Tell me if what you said up there means anything at all. I have read and reread it a few times and still do not get the gist of what you are saying. Maybe I am stupid.

Those who earn less than RM2k are normally fresh grad or blue collars. Apparently mere degree holders or any diploma graduates are more than demand.

I think the stats says 74% earning less than 2k because the 74% dont pay income tax... A lot of them earn more than 2k, but for income tax wise, they declare earning less than 2k.