Hey guys,

Has any of you worked in Bank Negara?

How's the salary? increment? bonus? future prospect? working environment?

I have a major in Economics and a minor in Finance. I have a feeling that most banks in Msia such as Standard Chartered, Citibank, PB, HSBC would prefer majors in Accounting and Finance.

I feel that Economics is inferior to Accounting and Finance. What do you guys think of this? (I'd appreciate if someone who has experience working in banks comments on this.. as you know better about working in a bank.)

This post has been edited by stauffenberg88: Apr 19 2011, 02:44 AM

i dun think their benefit will be better than commercial bank

Eco majors are more suitable for research divisions within banks, but in banking, any major is accepted (engineering, psychology etc) as long as the staff has he right attitude to learn on the job.

Most banks don't discriminate your major, altho for certain business units (corporate banking for example) being an accounting and finance grad. is more advantageous as you'll likely be able to read financial statements and compute ratios, understand what window dressing is etc already. Hence less training required for you to do the job.

From my experience (in BNM's case), their Point of View (POV) as a regulator effectively changes the type of work you do. Your role in BNM would like be geared toward policing other banks, studying/tracking macroeconomic factors (again, Eco grads are more suitable here) and drafting policies. It's rarely commercial/business driven, especially at lower level positions at BNM.

I would think that staff packages would be somewhat similar. Banks tend to reward competent staff so if you are a go-getter with a lot of heart and drive, plus technically competent, I recommend you try carving a career in the commercial side of banking.

If you are more academic, prefer a slower pace of life and don't mind the money side so much (as long as your are relatively comfortable) BNM would be a better choice. The number of training, seminars, BNM staff attends a year is astounding.

For commercial banks, making money is more important. Training is limited to furthering your abilities to make more money for the bank. Stress levels are also relatively higher.



This post has been edited by Quasi-Suave: Apr 19 2011, 10:21 AM

Have you applied to Bank Negara?
It won't be easy...
So maybe you can try applying first?

And most companies no longer look at your major...
they just want a good degree...
sometimes they don't even see which uni it is from...

it is important to see which college you come from la

is there any forumer here work at bank negara?

why is Econs inferior? to work in BN, it's more relevant to have Econs deg than a Acc & Finance actually. if not more relevant also, u have diff role to play what.

every deg has their own function.

Latest ad on jobstreet.

Look at the duties; like a slave.

Clerk but I think need to work as a despatch as well.

The good thing is, working for goverment...after retired, you'll receive pension till you die.

http://www.jobstreet.com.my/jobs/2011/4/b/...292736.htm?fr=c

hi, i am an ex bank-negara staff who resigned last month, basically it's a good stepping stones for econs and finance, i am a business grad, my job for BNM is to procure money and gold (physical!!) and not on currency exchange.
The have good structures in everything but one thing, they are abit orthodox in doing things, e.g memos, minutes and lots of paperworks.
Benefits i believe they are the first in the market, with flexi-benefits, bonuses up to 18 months mind you and loans, interest free!!!
Wages among the government bodies ranked third after SSM and first is LHDN.

Any more questions??

^

Free medical (surgery) etc. correct?

Why resign?
How long have you been working there?

This post has been edited by Raikkonen: Apr 22 2011, 10:11 AM

How about IT Department? Saw vacancy for IT at jobstreet for BNM.

I believe starting pay is RM3500... lots of benefits like further study, bonus, etc etc. Not sure so much about the benefits at junior level, but BNM said starting pay is RM3500.

Mind you, it's hard to get in there. I went for the interview, they are looking for people who are really serious to join them.

For IT post?

[quote=Raikkonen,Apr 22 2011, 10:11 AM]
^

Free medical (surgery) etc. correct?

Why resign?
How long have you been working there?



yup, medical all covered inclusive of parents.

why resign? i am a contract staff, furthermore got offer to join khazanah, better pay:)

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Added on April 23, 2011, 9:24 am[quote=bertihjagung,Apr 22 2011, 05:37 PM]
For IT post?

[/quote]


IT basically not much u have to do, physical and software all outsourced to contractors,
basic monitoring and controlling only.....

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Added on April 23, 2011, 9:27 am[quote=morgana_jara,Apr 22 2011, 04:11 PM]
I believe starting pay is RM3500... lots of benefits like further study, bonus, etc etc. Not sure so much about the benefits at junior level, but BNM said starting pay is RM3500.

Mind you, it's hard to get in there. I went for the interview, they are looking for people who are really serious to join them.

[/quote]


starting pay subjective...believe when i was there in 2009 latest is only 2700....
to penetrate bank negara is hard..i myself was lucky to get in but unlucky as I am only contract..huhuhuhuh
they offered for permanent but khazanah's offer tempting furthermore balik kampung to kedah...

my last pay is RM5800...and i am a senior exec.

This post has been edited by k-rail: Apr 23 2011, 09:27 AM

You get lots of perks. I personally know 3-4 friends working there.

High EPF contributions.
Surprisingly awesome bonuses.
Quite a number of amenities.
Any vacation trips you take is subsidized by a fair bit. Flight tickets for vacation trips are also subsidized, including hotel/accomodation bills.
You can claim any books you buy, up to RM1000 I think.. IIRC.
Medical benefits.

There are many more but I can't be bothered to crack my head.

can someone refer me? or that is out of question?

I've worked with Bank Negara Museum and Art Gallery as a Multimedia Developer before. The museum is located near Bank Negara. The museum is newly established and is just around 4 to 5 years old.

The working environment is fantastic and comfortable. I received a basic salary of RM2,900 per month excluding increments and bonuses.

I've been told that in the future, I can be promoted to senior level. If you're looking to work with some of the very professional and multi-racial employers, then Bank Negara Museum and Art Gallery is a perfect place for that.

HI, anybody here works as a contract staff in BNM. Do you know how the increment, bonus and their benefits compare with permanent staff. Does any possibility that they will offer permanent pose on contract staff.

I have a master's degree in Economics from NUS with more than three years of work experience in socio-economic research. But currently, I'm planning to settle down in Penang. Does anyone know of any vacancies available in BNM Penang branch? Highly appreciate your recommendations. Thanks.

so how about khazanah then? i heard it's long hours working, & be given a blackberry which means you works follow you to home, is it true?

(message deleted)

This post has been edited by cellsone: Aug 14 2017, 05:03 PM