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 KPMG or Bank Negara, Job choice

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tankv22
post Dec 13 2010, 10:58 AM

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Abvoiusly NOT BNM...you will vomit blood
Zennix
post Dec 13 2010, 02:26 PM

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QUOTE(tankv22 @ Dec 13 2010, 10:58 AM)
Abvoiusly NOT BNM...you will vomit blood
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Pls justify your statement. tongue.gif
hugo67
post Dec 13 2010, 04:18 PM

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not sure if everybody who commented NO to bnm been working there before?

i would say its not easy to get a job in bnm. bnm have all the benefits which kp does not provide.

kp only the brand. if u choose kp, u should consider pwc or ey then
kelvin_tan
post Dec 13 2010, 04:23 PM

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@tankv22
I Lol-ed at your "Abvoiusly" and please pardon us if we do not take your suggestion seriously
TSjdn7119
post Dec 14 2010, 03:11 PM

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QUOTE(hugo67 @ Dec 13 2010, 04:18 PM)
not sure if everybody who commented NO to bnm been working there before?

i would say its not easy to get a job in bnm. bnm have all the benefits which kp does not provide.

kp only the brand. if u choose kp, u should consider pwc or ey then
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Speak of the devil I actually just a received a call from e&y requesting for me to attend an interview. So say at the end of the day I was offered positions at both the institutions how should I play my cards this time?

By the way in Bank Negara I was offered the interview for the post of Senior Executive (though being a fresh graduate or it could merely be technical error) at Statistical Services Department.

Thanks guys in advance though not to mention I really appreciate the help so far as it did influence my judgement. smile.gif
CKJMark
post Dec 14 2010, 03:54 PM

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If BNM is offering you a job in its statistics department, and you are being offered an auditor or tax position in KPMG/EY, there is no direct relation between both roles and they lead to different careers.

I think the first question you need to answer is what do you want to do with your career and what you want to be in 5yr, 10 yrs time. Then choose the job that takes you there.
breaker84
post Dec 14 2010, 04:00 PM

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QUOTE(jdn7119 @ Dec 9 2010, 09:42 PM)
Hey guys,

I know it's way too early to decide as I'm only at the interview stage but do help me decide one over the other. I'm a fresh graduate from a local twinning accounting and finance degree program. Which would be better in terms of exposure and career advancements? Besides how is their salary package like? Bonuses, perks? Please and feel free to include anything that you think may affect my judgment as well yea.

I'm appealing to you guys out there to help me decide and thanks a billion in advance! smile.gif
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i would prefer BNM because it benefits....
serius, my father work there but as security guard la...
he always encourage me study hard and try the interview at BNM...

some benefit that i interested are:
1. salary (but other also got high salary)
2. rest house (around malaysia include 5 start hotel)
3. car loan got no interest at all (for exec and above)

there are others but can't remember since i already got job other place...
TSjdn7119
post Dec 14 2010, 04:25 PM

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QUOTE(CKJMark @ Dec 14 2010, 03:54 PM)
If BNM is offering you a job in its statistics department, and you are being offered an auditor or tax position in KPMG/EY, there is no direct relation between both roles and they lead to different careers. 

I think the first question you need to answer is what do you want to do with your career and what you want to be in 5yr, 10 yrs time.  Then choose the job that takes you there.
*
Yea very true. I hope a little soul-searching at this point wouldn't be too late. blush.gif

Right now bank negara seems to be the most appealing one taking into consideration the work-life balance, benefits etc. which I believe e&y is not so generous in. But the experience firms like e&y have to offer compensate that lack. I hope this is not a no pain no gain scenario. I wish that working in bank negara also provides valuable experience as well.
Zennix
post Dec 14 2010, 04:31 PM

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if this is a poll thread...i would give my poll to BNM...you may consider further study CFA in future while working in BNM.

smile.gif
CKJMark
post Dec 14 2010, 05:25 PM

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QUOTE(jdn7119 @ Dec 14 2010, 04:25 PM)
Yea very true. I hope a little soul-searching at this point wouldn't be too late.  blush.gif

Right now bank negara seems to be the most appealing one taking into consideration the work-life balance, benefits etc. which I believe e&y is not so generous in. But the experience firms like e&y have to offer compensate that lack. I hope this is not a no pain no gain scenario. I wish that working in bank negara also provides valuable experience as well.
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I would say if you are not sure what you want to do, you should join an audit firm if your intention is to be an accountant or manager in the future. They will offer you experience that will improve your market value in the next 3-5 years if you choose to join an MNC. The experience is very generic in the sense that they teach you "how to do" things and keep you abreast with the changes in the profession.

If you join BNM, I am 80% sure the lifestyle is better (less stress, better hours, better benefits, and decent pay). BNM does not limit your future entirely, depending on what you do. But it could limit the industry your experience is relevant to. Your experience will be a fair bit more specialised than what you would pick up at an accounting firm. I don't foresee you joining a telco or manufacturing or O&G company in the future after years of service in BNM. But if you like what you do, and BNM offers you the mobility to move around different departments, you could have a good future in the financial industry compliance teams. You should speak to the BNM people and find out more about your progression structure and consider how that experience helps you in the future.

With all that being said, you are just entering the job market and this is not a life-and-death situation. If you don't like what you do, there is nothing to stop you from changing jobs as its still early in your career. You only lose out 1-2 years time in progression which isn't that big a deal in the long term.
TSjdn7119
post Dec 15 2010, 11:47 AM

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QUOTE(CKJMark @ Dec 14 2010, 05:25 PM)
I would say if you are not sure what you want to do, you should join an audit firm if your intention is to be an accountant or manager in the future.  They will offer you experience that will improve your market value in the next 3-5 years if you choose to join an MNC.  The experience is very generic in the sense that they teach you "how to do" things and keep you abreast with the changes in the profession.

If you join BNM, I am 80% sure the lifestyle is better (less stress, better hours, better benefits, and decent pay).  BNM does not limit your future entirely, depending on what you do.  But it could limit the industry your experience is relevant to.  Your experience will be a fair bit more specialised than what you would pick up at an accounting firm.  I don't foresee you joining a telco or manufacturing or O&G company in the future after years of service in BNM.  But if you like what you do, and BNM offers you the mobility to move around different departments, you could have a good future in the financial industry compliance teams.  You should speak to the BNM people and find out more about your progression structure and consider how that experience helps you in the future.

With all that being said, you are just entering the job market and this is not a life-and-death situation.  If you don't like what you do, there is nothing to stop you from changing jobs as its still early in your career.  You only lose out 1-2 years time in progression which isn't that big a deal in the long term.
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Thank you so much CKJMark! Thanks for the insight and your input on this as it really made me ponder on the RIGHT things! biggrin.gif
ejenb134
post Dec 21 2010, 11:09 AM

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I work in Bank Negara and I also dealt with KPMG consultants.

My personal opinion:
Some of the KPMG consultants are quite inexperienced and they send the newbies to clients workplace to learn on the job.

If you want to learn more, work in a structured environment and to experience governance better work for Bank Negara for at least 3 years and then work at KPMG. BNM is also a more forgiving environment than KPMG.

One of my friend worked for the Bank for 5 years and moved to BDO Consulting.

Since he got experience, can do presentation, reports and audits, he moved quite fast in BDO. Now owns a BMW, a condo and goes vacationing in UK to watch MU twice a year.

Me? I make RM240K here :-)
FORTE
post Dec 21 2010, 11:25 AM

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if i were you...i would choose work in BNM provided that i would be staying in Malaysia..

if you plan to move to oversea, you may decide to work in KPMG such a BIG 4..in future, u may try to apply internal transfer..

raymondha
post Dec 22 2010, 01:57 AM

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i would recommend kpmg .. good benefits as well. just super pressure. but u got big explosure.

eXPeri3nc3
post Dec 22 2010, 10:42 AM

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The theory is simple, really:

If you wanna go up the executive ladder, go KPMG.

If you wanna chill and less stress (les peak time), go Bank Negara
TommyTan
post Dec 22 2010, 10:50 AM

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Go Bank Negara, its a no-brainer.

Most BNM folk I know are doing "well".
SUSvmammoth
post Dec 23 2010, 03:11 PM

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If you are malay go for BNM
taxman
post Dec 23 2010, 03:41 PM

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go for bnm lah.kpmg very pressure and pay also not very good and not reputable as pwc.
FORTE
post Dec 23 2010, 05:04 PM

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you can notice that the staff turnover in KPMG is quite high if compare with BNM.
jetyap
post Dec 23 2010, 05:54 PM

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Rather than us giving you suggestions, I think you should ask yourself what you want and what you are willing to do for it?

In KPMG, its hard work and yes you learn a lot, but sometimes you also spend a lot of time doing repetitive work (especially during audits). The brand definitely helps you in your career, and if you finish your three years with CPA/ICAEW/ICAA/MICPA or whatever qualification, you can go to any other company without much difficulty.

That being said...you may not be able to get this opportunity to enter BNM again. I don't know how often opportunities in BNM come but I do know that if you work in BNM, and hopefully you get into the "money" departments like Treasury, Investment, Trade Financing, Corporate Finance, Money Markets, Statistics (The one that sets BLR and stuff), chances are you are set for life. Hell, you may even make it into World Bank, UBS, Credit Suisse or some other big banks out there.

If you wanna be rich, it's better to be in BNM where you get to learn about the policies and maybe you can learn some tips and tricks about investment there.

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