Hi all Experts

may i know how much salary should be expected by those fresh graduate with Bachelor Degree qualification who wish to venture into CF world?

is that working in CF world most of the time should work over midnight 12am or where 12am sharp can go back home is considered early already?

i heard from one shareholder of PLC during AGM time, he shocked me that a person who holds CFA charter work in investment banking line can earn such high amount up to RM30k monthly. He is the one who earns such huge amount and able to get early retirement (coz he is now only age middle 40s and keep roaming around to attend AGM of PLC..to eat free buffet lunch and get door gift as well..haha)

so dear all experts...is that my above statement true..???

Does it help if we have some experience in audit/tax? Will we be still in the same position as fresh grads? Btw, how high is the salary? more thn 3k? and wat is so pressure about the job? izit the deadline or....?

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.

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 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

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

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...

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

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 .

no la, where got know it all. Just commenting only la bro, if i know it all, u know how long more the comments would be? =p
see my other nonsense post if u don't believe. Haihzz... U know being in the financial mkts, once u missed one day of news and report, u'll actually miss a lot! Being updated daily is very essential... hard to find holidays which is why /k/ is a great place to chui sui.

I'm referring to the case that the fellow who personally not invest at all due to investment risk aversion, so how are we going to believe that when he becomes fund manager he would manage our money well? If I'm hiring a fund manager wannabie who personally does not invest at all before, he won't be hired as a fund manager to begin with, then there would no such excuse that the fund's trade restriction to stop him invest personally. I emphasize again, if a person does not investment at all before, he should not be a fund manager to begin with.

If the fellow who does not invest personally due to risk aversion, what makes him to assume he can safeguard the investors' best interest? Why suddenly he feels comfortable to manage other people's money but not his own money? Is it because others' money is not his money, so he can gamble away the other people's money without affecting him? I can say investors sometimes are too kind to those substandrd fund managers as we are selling a call option for their fee performance. So it is kind of head you win tail we lose. Fund managers could even take excessive risks to get themselves compensate with higher return, so if they are lucky enough they gain a huge fees though they only perform with low risk adjusted returns. How about when things gone bust and funds are making losses, those fund managers are not requested to compensate a sen?

Yes, at least I have some performance track record to refer to how good a fund manager could be, I have lesser chance to come across being cheated by pretended-to-be-genuine-fund-managers, whereby there is one doesn't agree because he prefers to give away his money to omeone who drops from the sky with no track record at all, so who has the greater possibilities to loss the money? The answer is obvious.

And IMHO, the trade restriction or so-called blackout period should not be the excuse not to invest personally if one is a long term investor. And now someone try to justify the aysmmetric treatment being rewarded to fund managers without aligning their interests with the investors' return by giving excuses like fund managers are not allowed to trade personally. So invetors be aware!

Here we come again. Just for the sake to rebuke my points without thinking logically.

For your information, CFA or SC or BNM or any other authorities do not prohibit fund managers/investment & financial consultants from possessing own portfolios. Please show me any laws/rules/guidelines that prohibit the fund managers/investment & financial consultants should not possess any kind of investment at all.

Having own personal portfolio would not stop the fund managers from being integrity. Or I put this way that if someone claims he has not owned any personal portfolio so he could act integrityly to manage the other people's fund, how sure we know he does not secretly hire a proxy to invest for him and split the profit 50-50? Is this fund-manager-has-no-personal-investment-in-disguise an intergity man? From this point, we should know whether one has portfolio or not would not stop him from being integrity.

Warren Buffet, one of the most intergrity and respected fund managers in the world, has his own personal portfolio other than managing for Berkshire's holding. If anyone think he is more morally higher than Buffet because the one thinks he has no personal portfolio to begin with, then go ahead to troll!

Not to mention Buffet he has concentrated 95% of his personal wealth in Berkshire Hartaway so he aligns his interest with the interest of the shareholders of the said company, he also allocates 5% of his personal wealth in another portfolio. Refer to the link below to check with Buffet's proportion of personal wealth for your attention:-

http://stockmarketadvantage.blogspot.com/2...k-holdings.html

http://moneywatch.bnet.com/retirement-plan...dend-picks/508/

So I'm not sure on what source you get to know Buffet restructed "all" his investments under Berkshire? Btw, I don't really know which incident caused Buffet almost got nailed by having separate investment vehicles, please show any link that related to that incident?

Oya I almost forget the Blue Chips case. It was one of the few cases that Buffet being accused. The other cases are Solomon Brother and AIG. I can't recall the detail of Blue Chips case, need to check it out again before giving any conclusion.

Back to my question that would anyone hire a fund manager who does not have any investment experience at all to manage your fund? As I said, the answer is obvious. It is just up to you to read my opinion and to make your own decision.

Apparently this statement "One does not have to be operated in order to be a good surgeon" is posted for the sake to rebuke my opinion of "One needs to invest before becoming a good manager", so it is not well organised in a logical sense and other forumers questioned the logic of this statement. Then the one twist and switch the topic to "It's not advisable for the surgoen to operate their close family, as sometime they tend to be emotional, and may affect the operation procedures". Don't twist and switch to another topic like a troll before explain the logic of  the "One does not have to be operated in order to be a good surgeon".

And the case of comparing surgeon with fund manager are like comparing an apple with an orange. According to that kind of logic as a surgoen should not operate their close family, then a car driver should not fetch his/her family in the same car because the car driver's skill is downgraded whenever he/she is driving along with his/her family!?

U guys are making pointless arguments la... what are u guys trying to prove here oh? ...

Whether or not a person who manages a fund well manages another fund of his own well is a highly subjective topic. The topic of investment itself is highly subjective.

Me being a practical person, managing a fund well grants me huge bonuses, thus less incentive to actually work that hard to manage my other fund. I might as well just buy houses and rent them away, or put into them into FD. Or if that guy has that much of time, he could manage another of his personal portfolio, but obviously restriction applies. If I have that much of a bonus, I wouldn't be bothered to manage another fund.

Back to the pointless argument, it is really high subjective la... Those who worked in the investment field would know that there is a limitation of capacity for individual investors, which is why there is mutual fund or any investment funds catered for high net worth clients, am i not right? The area of which they are investing is a whole different level. Aihhzzz... Why is there a need to argue? retail vs institutional, the style also lain, mana boleh compare. It really on ur risk profile. We haven't even got into hedge funds yet. That's a whole different platform with varying degrees of risk profile

I strongly disagree with the view that interns do photocopying 99% of the time. During my intern, I don't recall doing any photocopy work.
I'm pretty happy with what I did and learnt during my intern at a local Msian IB. Sometimes u can even contribute in discussions. Take note that I joined during a relatively quiet period.
I guess it depends on your attitude and your seniors' willingness to hand down work or teach you.

Start off at big4 then go to IB. Definitely possible, but not necessarynowadays. If ur good and lucky u may land directly in IB without goin thru the big4 route.

To go into IB audit higher chance than tax.

Im assuming u dun mean goin into HR or remisier of an IB,like above mentioned.