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Princess90
post Jan 27 2011, 11:48 AM

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I am also interested in the IB career. Just want to ask, if I start off in Big 4 Accounting firm then jump to IB, is it possible?
And is it better to do audit or tax before trying to get into IB?


Thanks.
Princess90
post Jan 30 2011, 10:59 PM

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QUOTE(kinwing @ Jan 28 2011, 05:35 PM)
What department of IB you want to work for? If you want to work as a remisier or a HR-exec in an IB, no point to start in Big 4.
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No. I am not. Aiming to work in Corporate Finance or Equity Market.
Hoping to start off in IB as analyst then associate and slowly move my way up.


Added on January 30, 2011, 11:03 pm
QUOTE(gloomberg @ Jan 30 2011, 01:31 PM)
it varies all across different IBs for ur info. at OSK, entry is called associate, at ASEAM, it's analyst. It's a very broad designation.

I have no idea what analyst u guys are referring to because usually it would refer to those ppl who writes for research houses, well, at least at my area.

so u if u have any queries, try speaking to someone who is already in the line, try attending conferences, seminars, etc. don't speak as if u really know it. but well, it's up to u to decide whether im pulling ur leg or not.


Added on January 30, 2011, 1:43 pm

applying via mgmt trainee would be better la, it gives u an all-rounded experience, in addition to all the invaluable trainings u'll get. Getting directly as an analyst would do u no good, as u have no prior experience and that u have nothing (knowledge,experience,mentality) to back u up when u're working in a firm. Just remember that this is WORK, and at IBs, they expect u to know everything before u go in, else figure out ur own solution. In instances where u have totally no idea how to act on a task + nobody is willing to help(it's common at IBs, it's competitive), what would u do if u know NO ONE from similar industry or somewhat closely related industry to help? CRY? No ma right?

Well, of course u'll constantly have meet new acquaintances along the way, but are u forming alliances at the same time? Yes? No? this is all I can say for now. U'll understand as u strive to move along the corporate ladder. Ciaoz and good luck. Just know what u want before u make up ur mind
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But I thought if go through management trainee, chances are you will end up in commercial banking?
Or it is still possible to end up in IB?


Added on January 30, 2011, 11:16 pm
QUOTE(Knight_2008 @ Jan 30 2011, 02:10 AM)
i think associate is higher rank than analyst
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Entering as an associate requires a masters/CFA.
Analyst only requires a Bachelor degree.
Higher rank or not, I am not too sure.

Hopefully we get some IBers to post here for more info smile.gif

This post has been edited by Princess90: Jan 30 2011, 11:29 PM
Princess90
post Jan 31 2011, 09:16 AM

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QUOTE(Aloong @ Jan 31 2011, 12:30 AM)
Analyst or associate, it doesn't really matter.
since u freshie, if they give u one of it over another, whichever isit, does it affect ur decision to take it iurely because of the title name. doesn't matter, ur just freshie.

watever explanation u reciv up there/google/any other reading, is good enuf to give u a feel.
but it will only give u 10% of the pic. the best way to know about the jobis to do it.

So lets not worry, still young go in and bang ur head, make the wrong decisions, and learn from it.
just join whichever u feel u like. after experience, think about it further. life is long that 2-3yrs of of work is no big deal. what ever u do will not go to waste.
if u think u wana be  CF/research just go for it directly, provided u can get in lar. no nid to go thru audit, engineering, fmcg, etc.
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Its not that we don't want to get into it directly. Who doesn't? But chances of getting in directly is slim. Therefore, we need other ways to get in.

Thanks for your advice and it does not affect me what post it is as long as it gets me started in IB.

I am just asking for ways to get into IB here since most people get in due to networking and not just purely bt good results and those extra activities.

Thank you.
Princess90
post Jan 31 2011, 01:53 PM

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QUOTE(Aloong @ Jan 31 2011, 11:45 AM)
wat i know is, there are freshies go in as graudate trainee / mgmt trainee, in investment bank like like rhb, kfh, public, alliance, 
that would be the first choice to go in.
if cannot get then only try big4 lor.
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Thanks for the info smile.gif
Princess90
post Jan 31 2011, 03:10 PM

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QUOTE(Knight_2008 @ Jan 31 2011, 02:54 PM)
if i got into research department of Khazanah, would the working experience there be transferable to working in big IB/ foreign IB?
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OMG. U got into Khazanah?
Princess90
post Mar 3 2011, 12:04 PM

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QUOTE(tohff7 @ Feb 20 2011, 04:23 AM)
Don't think so.

Despite very good grade, the subjects and stuff you learn in Year 1 is pretty basic. So it's not like an advantage.
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this is very true. Year 1 subjects are very very basic.
No harm tring though but I realize big companies usually take in students from year 2 onwards.
Seldom take in Year 1 students.

 

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