QUOTE(Soony @ Aug 6 2016, 05:28 PM)
You are exactly right and those programs do exist in Malaysia. Think they are called management trainees. Over here in Australia they call them graduate programs where they rotate you around departments to gain experience.
Best part is? They pay above market rate.
They are also insanely difficult and competitive to get into though. Back in my days as an external recruiter we'd help clients (consulting, banking, FMCG, O&G, manufacturing, etc.) with their graduate trainee programs and the success / acceptance rate can be as low as 1%.
Long interview processes (panel, group, problem solving-type interview scenarios), psychometric testing, strict requirements for English skills, and just companies looking to hire the cream of every university's crop (heavy focus on CGPA) tends to make it very difficult to get in.
But yes these trainees start at RM 4.5k and go as high as RM 6k (Shell).
Given how competitive these programs are, I always encourage final-year students (or younger) to apply aggressively to internship programs during their semester breaks. Always easier to get your foot through the door later on if the company already has a positive impression of you.
Also if you're a fresh graduate, you really want to do more than just submit applications the standard way. Check your AIESEC or MUN alumni network to see if you know any seniors currently working there, or for that matter any other employees there who might be able to refer you. They get a referral bonus, your application gets highlighted to HR faster than the other 300 fresh grad applications - it's a win-win situation.
And definitely apply to more than just management or graduate trainee programs. Try out entry-level roles, internships, or contract positions at other companies that might not have the resources to have an official program but might be reputable and established or offer you excellent learning opportunities while you figure life out.
Malaysia has one of the highest youth / fresh grad unemployment rate (3x national rate) in Asia and that's a scary thought!