walao weih, pls , 100k in audit line is not manager, but partner's salary.

LAME- starting rm7k

so how much should be considered high paying? just wondering...

high pay..can consider like this

if you factory worker for packing chocolate. routine work. same action "pick up chocolate put in wrapper-> put inside container if you get rm 5 to 7 k then it is super high pay.

if you are admin office cum secretary cum receptionist. working not routine work, pick up calls. do all paper work always work from 8 to 5 suppose to go home but have to work until all your paper work finish. maybe at the end up 7 8 or 9 pm earning like rm 1.5k to rm 2k then consider super low pay.


if you work in US as janitor toilet cleaning hallway cleaner, you will earn 24k per annum USD around 2k USD per month.
around rm 6000k will you consider high pay..but in US this is not high pay...

so how can be judge high pay or not?

Not sure if you can make 70k per month basic after 10 years. Normal progression for IB is 3 years as an analyst, 3 years associate then VP. From VP to director at least 3 years but could take longer depending on how good you are in originating deal. From Director to MD will be even harder. If the banks in Malaysia is paying 70k a month for a junior director, I will come bank to KL rather than stay in the small red dot.

As a comparison, for the BB IB, the basic pay is as follow: (bonus has been under pressure in recent years so typical bonus now is only between 6 to 12 months)

Analyst - start from SGD100k to SGD140k per annum
Associate - start from around 170k pet annum
VP - start from around 300k per annum
D - start from around 400 - 500k per annum
MD - basic should start from around 600k per annum but most comps will be in bonus. Total package including bonus in a normal year should be around 2m.

And one not so well known fact is that most of these banks pay global salary, ie the basic is about the same no matter where you are in the world (+- a little for living expenses adjustment). As such a first year analyst (fresh grad) in Malaysia is looking at around RM15k to RM20k a month which to me is grossly overpaid as I can get an experienced SM/AD from a Big 4 or local bank for that amount of money. That being said though, KL is mostly a coverage office and most banks have at most 2 ppl in KL including the senior bankers so it is almost impossible to break into the industry at junior level in Malaysia.

Another not so well known fact particularly amongst young Malaysian is that summer intern is paid almost as much as a 1st year analyst so for people wanting to join the industry, please try to get an internship every summer holiday rather than sit at home playing PS3 and Xbox and partying till the wee hours and then after they graduate, go into interview saying that "I have a lot of passion for IB as I read FT, watch Bloomberg TV every day.... Etc etc....." By the time you graduate, if you haven't done an internship you are too late and will be significantly behind the competition.

+1

Each industry also has high paying jobs! Define high pay? 10k?
Each industry has jobs that pay at least RM10k per month. Well, of course, I would assume that the jobseekers are professionals with tertiary education.

I am in the ICT industry and professionals with niche skills (5 years experiences) could get RM10k per month. But pathetically, RM10k is only SGD$4k in Singapore and that is basically like at freshie/2-3 years exp prof's pay?

With our cheap currency, MNCs are finding us Malaysians cheaper to hire, with the necessary tertiary education (however, not necessary the right working attitude). We are slowly becoming (or has already become) a university graduates production country, with cheap labour costs. Thanks to our government... That's the reason why so many Malaysians left to our neighbours (SG, AUS, NZ, HK) to work. Nowadays, even you can probably earn more working in China, rather than in KL.

Adding one more thing here..
"What are you doing in Malaysia? Go to Cuba, go to Argentina, go to Libya!"
"Everyone in this hall likes how the government treat them!"

This post has been edited by HappyA_Q: Jan 23 2013, 05:22 AM

Oil and Gas Management....starting pay RM5k....after graduation...

aviation field sucks seriously. u need alot of cable to get u into the field

alot of papers to complete with 75% passing marks
5 years of experience to become an engineer

then u start making rm7k +-

im a graduate and still doing my papers, with 2 papers left
no experience because no one hires me, i'm 1 year jobless ..
seriously i have no idea why... i;ve sent tons of resume already

Profit sharing partner some more!!!

Exactly..i have an uncle who used to work in PWC. He retired at the age of 40+, now moving around the world and currently stays in a penthouse in KL. Audit line, i think, if you have IMMENSED interst, and willing to slog, can really make it real big.. cos once you get to the status of partner, you are not dealing with numbers anymore, but rather with MD/Tan Sri/Tycoon of big companies eg IOI, YTL etc etc....so i guess connections plays a part too?

Engineer gets high pay

Maybe..
Our Universities are churning out thousands of fresh grad engineers every few months.
This causes lots of low paid freshies.

Investment banking is good only if you can survive the hours and survive....well just survive.
There are rounds after rounds of people being laid off. You don't want to be jobless esp when you ahve commitments.
But what do I know, i'm just an analyst

WTF !! Haha. For example Brent Corrigan

tower crane operator... !!!

Selalu Ada Problem...

Nolah.. its a software that is used for procurement, finance, HR.. etc etc... m2c

That is my dream but it is competitive and really sometimes want to give up. It is a game to see who can tahan longest. Sometimes I dunno if tax or advisory in big 4 is better? Do the partners there get more pay? Looks like my no audit colleagues not so stressed and crazy hours.

self- hire boss, you decide your salary, gooding!!!

what university bro?