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QUOTE(LightningFist @ Jul 9 2011, 02:40 AM)
10 years bond? That is insane.
Normally lengthy bonds apply when scholarships cover full tuition and accomodation, and sometimes additional expenses along with allowance. That means at least RM350,000-RM400,000 in all (basically 3 years of school and rent). Engineering would cost more, Medicine/Dentistry would cost much more and take an additional 2 or 3 years. Schools in Australia and the better schools in the United States would cost even more.
Normally the scholarships are not picky of the country, as long as the school is very good and the course is right. Barring Medicine or Dentistry, the bonds are usually at least 3 years long, and a few are 5 to 7 years long, or greater. However, they aren't very wisely allocated, or proportional to the expenses incurred - someone could be using only RM350,000 studying a non-Lab Science subject, while another could spend well over half a million studying the same thing at a different place or doing a physical subject.
Well, RM130,000 is a lot of money for a one-shot repayment, but I have seen others who have repaid close to half a million to be free of the bond. 10 years is quite a long bond for that relatively small amount of education money, especially 10 non-productive, stifled, miserable years.
Ya, the year of serving is definately long. Its local uni, but i think my friend did received allowance + tuition fee nearly 100K. But the main problem is the environment that not allow him to perform. He was working in I*tel, he got total culture shock the 1st month served his sponsored company
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QUOTE(strategist @ Jul 9 2011, 09:25 AM)
just so you know, Bank Negara overseas scholarship also 10 years bond, but the amount they spent on you is about half a million.
Yea Half a million haha yea you know about it too. I believe other company has better HR management that able to place their talented candidate at the right position. I got some friends from UTP did work really great in their sponsored company. Its the work culture problem.
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QUOTE(mumeichan @ Jul 9 2011, 10:49 AM)
Contract say can moonlight or not?? If contract(both scholarship and work) doesn't mention anything about moonlighting, then moonlight lor. If he's that's good I think he can translate abit of his engineering talent into entrepreneurship and make back the 130k in no time.
Haha, sorry, what is moonlight actually
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QUOTE(LightningFist @ Jul 9 2011, 01:03 PM)
If you got them to ask you to leave (very hard and also not pretty) then you wouldn't still owe them RM130,000. If you continued to work in Malaysia there may or may not be consequences.
The contract stated if lay off by company, kena bayar balik juga
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QUOTE(Human Nature @ Jul 9 2011, 01:59 PM)
YTM ~60k and 10 years bond..and they dont even give the 60k in full ! Have to work with TM. Almost same working environment as stated by TS.
p/s my friend's case.
haha, the main reason is it is GLC which i don't think the KPI is really working. All this performance indicator is just paper work. When ''ngam'' with your boss, everything settle, good bonus, good KPI, in my opinion. Working in GLC is a permanent job, it will secure for whole life
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QUOTE(LightningFist @ Jul 9 2011, 02:10 PM)
That's RM6,000 a year... with a steady job that is nothing... even someone with the barest of qualifications but the will and determination can easily afford RM500 a month. Otherwise do yourself a favour, get a loan or borrow some $$$ and get out of there.
Selling off kidney
QUOTE(Syd G @ Jul 9 2011, 03:03 PM)
I broke a bond with TM and is currently paying back RM64k in 7 years.
That's the price I'm paying for my naivety as a 18 year old. Never again.
My friend got no choice, without this sponsorship he got no education, his family was out of budget. He is so regret that he should had took a loan but not scholarship. May be could you share here how do you did it? Had your contract stated lump sum payback? So you pay back only the amount you taken from them?
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QUOTE(strategist @ Jul 9 2011, 03:47 PM)
At a first glance it wasn't that bad. But if you consider about saving up to buy a car/house, that means you have to delay the purchase for 7 years, which is not an entirely fun fact.
But I do agree that it's much better than to miss out a good education opportunity entirely.
Just imagine that the family is POOR, with the scholarship, education fee secure, job after grad secure, he will be able to contribute his family once grad, he got no choice but to take it.
Most importantly, who the hell know our famous GLC got such a bad working culture
What he always tell me that our nation is not ready in mindset to achieve wawasan 2020. Everything is slogan only
QUOTE(Human Nature @ Jul 9 2011, 03:51 PM)
The issue is more about the environmnt where you have to work at...as pointed out by TS
Yes, you are right. The job got no problem, the working culture is killing. People pay only lips work to get promotion & trust, but people working hard, sorry, no promotion, because ofyou are capable, please stay late and OT (no allowance).
In his company
sembang sembang = Good social skill,
Tai chi your own job = Good management skill
contribute idea = noob, you gonna do your own
work efficiently = stupid, tai chi more work to you some more