Wow this place sure is getting a bit heated up...

I would have agree with alaskanbunny on this. While Malaysia market IS NOT small, but its neither as big or develop like our nearest neighbour, Singapore. But hey this is a forum, every one free to give their opinion whether they agree or disagree. So bear with me if I start talking nonsense while I attempt to deliver my humble opinion.

The amount of deals by volume and size done in Singapore is way off the chart if you compare Malaysia with them. The deals that are done in Singapore are complex while being highly effective. I once foolishly attempted to structure a deal in Malaysia thinking I could pull it off. Boy was I wrong, ended up flying to Singapore because Malaysia lacks the liquidity and support to do it. Goes to show the limitation of Malaysia.

As for getting into these IB? If you are centre of attention, with thousands of application applying and you're paying the same price. Won't you want to hire the best of the best? If you graduated from those top uni like Ivy or OxBridge, you're already been filtered and labelled as the top 10%. For a firm looking to hire the top 10% won't you agree it makes your job a lot easier (and less risky) when you can trust the uni to already do one level of filtering?

BUT not coming from a top uni isn't end of the world for you. The journey to get in just a bit harder and you know to prove yourself better and louder! My cousin is a living proof of that statement. 5 years in Malaysia hop over to HK. Oh I forgot he earns a lot too.

Anyway just my mindless babbling.

agree. volume not much as SG.
its a fact SG is much more advance than Msia. again, it's juststating the obvious.

If u wana learn to specilised, SG the place.
But if u wana be a bankers who knows a bit of evrything, Msia would be better.
its a matter of preference.

But surgeons make better money than ER staff, u know wat i mean?

---

Added on November 30, 2010, 9:50 pmAgree. malaysia is less develop.
Its about educating the investors.
once investors are educated, they will be wlling to understand and buy into more complex investment opportunities, hence liquidity will rise to match ur complex selling point.

However, on the flip side, thank goodness, Msia is NOT that sophisticated, if not we would have that subprime bonds from US fishing for investors in msia, and we'll be doomed, rite?

One thing (my opinion) about bankers is that no matter how complex/sophiticated/advance a structure is, it must be fundamentally viable and make sense to investors.At the end of the day, being complex means u r incompetent in structuring ur product to be understandable/crystal clear for investors to be convinced.

Do u blame the student or teacher, if majority (>50%) failed in the exam? my 2 cents...

This post has been edited by Aloong: Nov 30 2010, 09:50 PM

agreeable, it's never to late to accomplish things. still, however small malaysia might be, however underdeveloped, it's still our country. Always proud to be a malaysian, while at the same time accepting the fact that singapore fin mkt is indeed much bigga and betta than us. so? if we keep on with the attitude of undermining our own ppl and country, what have we become? of course im only referring to the fin inst here only ya, not talking about some other crap we are having which im not at all proud.

btw, just for u guys punye info, JP Morgan at singapore offers SGD5.6k for back office jobs. Heard this from a dude that just came back from the fruitful land.

hahahaa chill lah, aint that u guys can prove anything. prove la payslip/bank balance? dare?

5.6k?? fresh grad salary?

I didn't say they were hiring fresh graduates.
Certainly not all of them are.
Some of them definitely do - job ads show that.

yes, but of course, they only hire top students. cuz ppl usually progress from back office to middle to front office punye. Trading department.

here, u will never get such pay. convert also kalah liao.

no need convert also lose ady...best can get here is RM 4K... one to one also cannot.. btw, wanna ask something.. when you say top student, only those from oxbridge and ivy league? what if you're damn good at your uni(among the best) but it's not ivy league?


This post has been edited by Knight_2008: Nov 30 2010, 10:48 PM

no la NUS also got, depends on how u present urself, and qualification. no need those ivy league or oxford/cambridge. seriously, i've never studied there, so i wouldn't know their sg std in education, but it's ranked quite high

lol..wanna ask something.. If I only got ACCA any chance of suceeding to even get a interview?

depends la... ur question is so subjective... what field u're trying to get into?

investment bank, corporate finance or research analyst also I'm happy or basically any other investment related job in IB also I'm very happy...any chance for an ACCA?

as what ppl have mentioned b4, they take anything, as long as u have a real solid foundation in whatever u're studying, meaning u're a good student. pre-req. qualification itself is irrelevant if it can't be justified well with ur knowledge u've gained from that years of exam taking.

if u're fresh, join a mgmt associate prog, there are tons out there. SC, Bursa, any banks. Getting in directly is real tough, unless u're a real good student, top or whatever. For eg, there's a dude that got into Macquarie Securities fresh. or Maybank Apprenticeship, those are direct too. A lot la actually...

thanks for the advice

actually this just shows that u don't have a clear goal on what you want to do in the investment field. I really need to lol-ed at this "Any other investment related job in IB also I'm very happy".

No offense. Just remind me of a particular person that i know of. Ex-auditor, have CFA Level 2, and "being an analyst is a dream job". But if you ask him about any news related to the financial market or economy, he has no clue at all. So much for being "a dream job" but don't even bother to read the business or finance news section of daily newspapers at least

lol....wanna become an analyst but don read business news? i thought that is like the thing everyone had to do in the morning especially for those in business line?

btw..i do like to read about business news.. it's just that I'm alright with working in any department in IB because I know in life, not everything can according to plan..If one does not change according to a situation, one is mostly likely failed..this type of people who do not react according to changes in the environment are what we called those having the problem of strategic drift..

Nevertheless, what I meant is that I'm okay with corporate finance, research house, debt origination or I said anything finance and investment related as I know I am inexperienced chap who may not all the department in IB..

Don't generalise the next time u saw someone post something like this..LOL..

I had met a fellow through my friend. The fellow completed his CFA III and he wanted to be a fund manager. So I asked him what was his way on analysing stocks, and that fellow told me he personally did not invest any stock because he was afraid of investment risk. LOL, I was then laugh all the way because a stock analyst do not like to invest

A typical nerd to get through the academic study without knowing how to apply it. Getting a cert cannot guarantee a good job, without having the passion to the job you are doing then you will not go far .

This post has been edited by kinwing: Dec 1 2010, 10:07 AM

haha.. either that or he quite smart.. become fund manager and invest using other people money...if the investment is successful, he got bonus etc.. if not, it's the investors who lost..

For the avoidance of doubt, let me start of by saying that I'm an ex IB-er, with years of experience, a post graduate degree, a specialist credit qualification and a SC advisory license.

Now let me clear the air. Investment Banking jobs (CF, DCM etc) may SOUND glamorous, but it's actually countless hours of thankless back breaking, mind numbing work.

The money CAN be good (salary plus bonus) but when you think of the hours you put in (including weekends)...well one man's meat is another man's poison.

If I could sum up the traits needed to SURVIVE as an IB-er it would be the following:-

1) Passion - If you have no affinity for numbers, not hungry to know who, what, when, why and how about business, then forget it. You'll fail.
2) Research - You need to be always curious. Self learn. Ask questions. And remember the answers. Seniors/clients have little time nor patience to
teach you.
3) Social skills - Includes confidence, good language ability, manners, grooming - You need to look and sound polished, nor mutter, fumble and fidget when speaking or being spoken to.

Natural intelligence is compulsory. In my department, all are second uppers and above. Those holding professional degrees would usually have CFAs or MBAs (with 3.3/4.0 above) to complement their basic degree.

Now some of you may think IB work is like the movie Wall Street (Part 1 or 2). Sorry to burst your bubble, but it's not. If wall street is more your cup of tea, then join the Treasury or Financial Markets of banks. Be a trader.

On the most part, being an IB-er involves reading, writing and attending meetings and presentations. If you don't have the stamina to sit thru an 8 hour due diligence meeting, rush across town for a presentation when the material was just only completed minutes before or work late nights and weekends, then I humbly suggest you FORGET about having a career in IB.

Some IB-ers in the forum are harsh. But that is how it is. It's a cut throat business. Do your homework guys. And ask questions intelligently. Refer my trait #2.

Gotta go. Con-call in 5.

Since u left the IB world, may i know now r u still working? as? or enjoying ur early retirement?

This post has been edited by Zennix: Dec 1 2010, 03:35 PM