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 KPMG or Bank Negara, Job choice

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deepan84
post Jan 25 2011, 04:44 PM

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many ppl join KPMG but after 1year they realise its the biggest mistake in their life. audit firm in msia = modern day slavery.
raymondha
post Jan 25 2011, 04:52 PM

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nowadays everywhere also same ... modern slave
SUSMaterazzi
post Jan 27 2011, 06:05 PM

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there is no point learnt lots, you work to make much money. BNM will give you money and connection.

work smarter than harder.
Knight_2008
post Jan 27 2011, 07:21 PM

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QUOTE(Materazzi @ Jan 27 2011, 06:05 PM)
there is no point learnt lots, you work to make much money. BNM will give you money and connection.

work smarter than harder.
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agreed smile.gif
GloryKnight
post Jan 27 2011, 08:56 PM

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yea..grab the chance offered or else you will miss it just like me T.T
JasonT
post Jan 28 2011, 01:18 AM

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QUOTE(deepan84 @ Jan 25 2011, 04:44 PM)
many ppl join KPMG but after 1year they realise its the biggest mistake in their life. audit firm in msia = modern day slavery.
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Lol.That's why the turnover is high.
But many firms are revising the pay too due to high turnover.

This post has been edited by JasonT: Jan 28 2011, 01:19 AM
SUSlalazaiaccountant
post Jan 28 2011, 03:08 AM

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Pls go Bank Negara. Dun waste ur time in audit firm. u are good enuf to enter bank negara, u dun have to develop 'additional exposure' in the audit firm anymore. concentrate on ur banking career.
Neoz
post Jan 28 2011, 09:25 AM

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BNM - its not easy to be in. And once u in, after few years ur value will be very high for any bank u wanna go.
saigetsu
post Feb 10 2011, 08:10 AM

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stay in BNM earn 5.8k straight away once u hav ur professional..
sweet_pez
post Feb 10 2011, 11:22 AM

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yawn.gif i see a pretty diverse opinions. Most of the forumers on pg1 would suggest KPMG. When I got down to page 3, it's all about BNM laugh.gif

Anyway I have a friend who works in BNM for pretty long. We don't talk much about work but I hear that she gets really good bonus each year. One of the best that she'd ever had was around 6 months and although things weren't good the following year, she still had 4 months bonus. Besides BNM is near to KTM station so taking public transport would save the trouble of going through traffic jam every morning.

Have several college mates working in KPMG. Not too sure how good (or bad?) but everyone tells me the same thing: no life. One of them left after 1 year+

Without being there myself (i'm not from Finance/ Accounting anyway) can't really give any insight into either of them but those were comments/ stuffs I know.
SUSMaterazzi
post Feb 10 2011, 11:24 AM

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it is no brainer question la..
deepan84
post Jan 6 2012, 04:19 PM

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duno what happen to TS, but i hope he entered BNM. im tryin my luck applyin for BNM but the stupid website for application is broken.
trib_fan
post Jan 6 2012, 05:38 PM

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Bank Negara, no doubt about it.
LightningFist
post Jan 6 2012, 08:13 PM

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QUOTE(Topace111 @ Dec 10 2010, 06:57 AM)
KPMG is part of the Big4 hence its the place where young hotshots like to flock. But do not be tempt by just the name and glamour, if you are willing to go all out to work (with gung ho & enthusiasm) then by all means please enter KPMG.

If not then I will think Bank Negara will be a better choice, and make no mistake its not easy to get admission too as many would believe as working in elite government body like bank negara, EPF and securities commission is no childs play especially at advance level (Ie : Corporate finance)
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Corporate Finance at the Central Bank and financial regulator?


Headhunter75
post Jan 6 2012, 08:53 PM

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QUOTE(RedJacket @ Dec 10 2010, 12:30 PM)
I've got friends in KPMG and PWC... also got friends in Bank Negara..
I'd say that though KPMG's a very reputable accounting firm, thats all it is and thats all it will ever be-- just an accounting firm.

And we all know that Accountants get paid peanuts for alot alot of work. something like 2.3k with increments of 100-200 a year. bonuses are crap too.. something like 1-2 months.

however, the experience you will get from working at KPMG will be very valuable. Banks love auditors and accountants from KPMG. your career prospects will be good. just make sure u dont stay with an accounting firm for too long.

Bank negara on the other hand, has so many  different departments ... if you get into something good like treasury or something, you will expect fantastic bonuses ... 6-7 months if unlucky, 12months+ if you are lucky. roughly lah ,....do well in your job, and you might get a chance to sit for different exams and licenses.. which will increase your paygrade by 700 like that. again, those are for treasury positions.
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I started with RM1.5k in KPMG and now earning more than RM140k per annum and FYI, I am still partying in Zouk and occassionally you can see me hanging out at Tom, d*** or Harry in TTDI (so not too old yet!! icon_rolleyes.gif ). And I have been travelling to countries like New Zealand, Hong Kong, Singapore, Mauritania (North West Africa) and now currently writing this from Pyongyang, DPRK!! All free travelling due to my work with KP. It's all about the question of short term pain and long term gain. thumbup.gif
Sesshoumaru
post Jan 7 2012, 12:41 AM

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It's not that impressive in case you didn't realise it. Based on your starting salary, you are probably in your mid 30s to 40s. 140k is just average.

Going into audit for salary is probably one of the worst reasons ever. There are jobs that pay way better, isn't that much harder to enter, and has shorter hours.
daxvilo
post Jan 7 2012, 12:49 AM

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Avoid KPMG, E&Y, PWC. Unless you are oversea based.
Headhunter75
post Jan 7 2012, 09:58 AM

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QUOTE(Sesshoumaru @ Jan 7 2012, 12:41 AM)
It's not that impressive in case you didn't realise it. Based on your starting salary, you are probably in your mid 30s to 40s. 140k is just average.

Going into audit for salary is probably one of the worst reasons ever. There are jobs that pay way better, isn't that much harder to enter, and has shorter hours.
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It's already an understatement and I never said it's impressive. Anyhow, if you average out the hours in audit, it's short as ppl tend to forget about the offpeak seasons...
rabloo
post Jan 7 2012, 10:35 AM

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Bank Negara hands down. Got a few friends working there. Fresh grads start as Senior Executive. Very good pay and benefits and they'll give you a lot of trainings...all in 4 star hotels and above. Definitely better work-life balance compared to audit firms (applicable to the ones bases in malaysia).
deepan84
post Jan 7 2012, 11:17 AM

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QUOTE(Headhunter75 @ Jan 7 2012, 09:58 AM)
It's already an understatement and I never said it's impressive.  Anyhow, if you average out the hours in audit, it's short as ppl tend to forget about the offpeak seasons...
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nowdays there are no offpeak seasons. u still have to work ur socks off at any time of the year.

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