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 No qualified ppl even fresh grad RM100k pa., Investment banking is so hard to hire

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thyceult
post Jun 25 2012, 01:37 PM

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Hi there debbieyss,

Apologies on this. I was wondering why you were speaking in third person when referring to the TS haha. Noted on all accounts. Nevertheless, my add-on comment thereafter still applies to the overall conversation.



phoenix87
post Jun 25 2012, 01:50 PM

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QUOTE(debbieyss @ Jun 25 2012, 11:19 AM)
Please don't mind me being straight forward.

I find that TS' tone and statements quite unreliable and way too exaggerating, not as professional and solemn as one who works in a bank should behave.
*
debbie all kinds of ppl everywhere u go......even banks smile.gif
TSIBank BeanBag
post Jun 25 2012, 03:21 PM

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QUOTE(debbieyss @ Jun 25 2012, 11:19 AM)
Please don't mind me being straight forward.

I find that TS' tone and statements quite unreliable and way too exaggerating, not as professional and solemn as one who works in a bank should behave.
*
cool, come to my bank and meet me. Will be happy to show you the toilet outside ECM.

Was told the ladies smell though.

Btw, presume I am at forum, not some drafting meeting for the prospectus of any landmark IPO.


Added on June 25, 2012, 3:26 pm
QUOTE(**** @ Jun 25 2012, 11:03 AM)
The problem lies in the intention of TS which he wants to interview only candidates from top 200 unis ( i don't think he only wants that, he wants those from Imperial, London School, or maybe Wharton) with excellent results ( presumably strong 2nd upper and 1st class honours).

If there is such a person exists in Malaysia, i fail to see why he or she wants to join TS's bank. He might as well aim for Mc Consulting, Bain Consulting, CIMB, Maybank , Bank Negara , Khazanah and etc.

So, there goes TS endless whining and complaining.

Or, TS just wanna TROLL.
*
Dropouts from Wharton works for me too. Anyone can demonstrate ability to analyse and good english and track record of being smart is good enough for me. Baseline is that you have some x-factors or you come from top 200 unis. Everyone gets a fair chance, but review could be so direct that it is hard to take, bcos that is how my boss work.

This post has been edited by IBank BeanBag: Jun 25 2012, 03:28 PM
SUScunt
post Jun 25 2012, 03:52 PM

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QUOTE(IBank BeanBag @ Jun 25 2012, 03:21 PM)
cool, come to my bank and meet me. Will be happy to show you the toilet outside ECM.

Was told the ladies smell though.

Btw, presume I am at forum, not some drafting meeting for the prospectus of any landmark IPO.


Added on June 25, 2012, 3:26 pm

Dropouts from Wharton works for me too. Anyone can demonstrate ability to analyse and good english and track record of being smart is good enough for me. Baseline is that you have some x-factors or you come from top 200 unis. Everyone gets a fair chance, but review could be so direct that it is hard to take, bcos that is how my boss work.
*
May I know that in your team (RHB), are they all from the same league of Wharton, Cambridge , MIT , Imperial or etc ?

Or they are just like you, from NTU and the less known unis but still better then the local universities ( according to certain perceptions)
TSIBank BeanBag
post Jun 25 2012, 04:03 PM

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QUOTE(**** @ Jun 25 2012, 03:52 PM)
May I know that in your team (RHB), are they all from the same league of Wharton, Cambridge , MIT , Imperial or etc ?

Or they are just like you, from NTU and the less known unis but still better then the local universities ( according to certain perceptions)
*
Dear ****,

We all cap palang degree here in ECM but my CF colleagues are LSE etc. we are interviewing the cambridge and the more decent uni, yes, we the cap palang interview them.

Then again, we are looking into couple of candidates from UM, Malaysia, and they are top of their class... top top...not just first class. Ha, that is the X-factor.
SUScunt
post Jun 25 2012, 04:07 PM

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QUOTE(IBank BeanBag @ Jun 25 2012, 04:03 PM)
Dear ****,

We all cap palang degree here in ECM but my CF colleagues are LSE etc. we are interviewing the cambridge and the more decent uni, yes, we the cap palang interview them.

Then again, we are looking into couple of candidates from UM, Malaysia, and they are top of their class... top top...not just first class. Ha, that is the X-factor.
*
Oops, somebody just butt-hurt it think.

Then, how come so long already still cant find "THE ONE"?

Such as offering the jobs to the 1st class/top unis then being rejected after that? or you just too happy to troll us in forum?
iastate
post Jun 25 2012, 04:18 PM

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It's not that hard to find people from top 200 universities (I myself is one of them), unless you are talking about the top of the top such as Cambridge, Harvard, MIT, and the like.

If you want the top people graduating first class from top universities, it would be very hard because they either stay overseas or they come back and go to Singapore.
SUScunt
post Jun 25 2012, 04:30 PM

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QUOTE(iastate @ Jun 25 2012, 04:18 PM)
It's not that hard to find people from top 200 universities (I myself is one of them), unless you are talking about the top of the top such as Cambridge, Harvard, MIT, and the like.

If you want the top people graduating first class from top universities, it would be very hard because they either stay overseas or they come back and go to Singapore.
*
EXACTLY.

Most of the 1st class students ( from top uni of that I know of) either stayed overseas ,or keep changing jobs (within a year) cos in my opinion, the 1st couple of jobs they got were from the "no-so-good companies" and these "no-so-good companies" were just their stepping stones. haha.

Guess that's life, look at TS's companies' way of selecting people already know. as a second-tier or probably at the btm of the investment/financial banking scene in Malaysia also only wanna interview and select 1st class from top of unis .

Later at the end of the year, we will see a thread " why-these-people-just-dont-appreciate-70k-or-more-that-we-are offering kinda thread. LOL
thyceult
post Jun 25 2012, 05:21 PM

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Dear Ibank,

I guess you can try checking with the local AIESEC chapter in UM and several other universities, if you have already exhausted those options. They usually churn out creme de la creme candidates, the savvy kind that you are looking for. Good luck on this.
deodorant
post Jun 25 2012, 05:48 PM

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QUOTE(iceypain @ Jun 25 2012, 04:44 PM)
You chose the right screen name, that's for sure.

I'm not sure why LYN allowed him to choose it in the first place, lol. The word itself is obviously a no-no since it's auto-censored icon_idea.gif
Currylaksa
post Jun 25 2012, 06:03 PM

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I'm not HR (altho I know SAP HR) and already know where you guys failed.

You have to start early like IBM or Accenture, invade college campus-es and really drill into promising students the glamour/potential of your career paths.
TSIBank BeanBag
post Jun 25 2012, 06:13 PM

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QUOTE(**** @ Jun 25 2012, 04:07 PM)
Oops, somebody just butt-hurt it think.

Then, how come so long already still cant find "THE ONE"?

Such as offering the jobs to the 1st class/top unis then being rejected after that? or you just too happy to troll us in forum?
*
We have since move on to assessment centre where selected candidates are being offered an assignment and 10 calendar days to prepare.

Recruitment take time. We dun risk to hire ppl and fire them or have them resigned.

For all butt-hurt ppl who think i should lower my standard, even as I lower it, you may not get through assessment centre. More importantly, if you screwed up your local Uni degree with CGPA to the point that it could be below 2.5/4.0, I dun see a point of interviewing you, unless you have strong x-factor.

Everyone is given a chance to pitch their x-factor. There is no preference for elite elite here, we look at non-cambridge as well.

It just the candidate have to be impressive, one way or another. If you represented Msia in Taekwando before, we are keen to explore. If you do something that demostrate determination, we want to hear from you.

If you part time at KFC only and have lousy grades, we cannot afford to process the application.

Year in year out, standard chartered international graduate / HSBC MA Programme rejects thousands of good ppl, yet butt-hurt candidates dun make that much noise. Because I am here standing for you to fire at me, u just want to do it to feel good. By all means come, I am glad it could of help to relieve the pain at your butt.

To reiterate, if local U + results not good, yet no X-factor, you are out.
If english sucks, you are out.
SUScunt
post Jun 25 2012, 06:28 PM

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QUOTE(IBank BeanBag @ Jun 25 2012, 06:13 PM)
We have since move on to assessment centre where selected candidates are being offered an assignment and 10 calendar days to prepare.

Recruitment take time. We dun risk to hire ppl and fire them or have them resigned.

For all butt-hurt ppl who think i should lower my standard, even as I lower it, you may not get through assessment centre. More importantly, if you screwed up your local Uni degree with CGPA to the point that it could be below 2.5/4.0, I dun see a point of interviewing you, unless you have strong x-factor.

Everyone is given a chance to pitch their x-factor. There is no preference for elite elite here, we look at non-cambridge as well.

It just the candidate have to be impressive, one way or another. If you represented Msia in Taekwando before, we are keen to explore. If you do something that demostrate determination, we want to hear from you.

If you part time at KFC only and have lousy grades, we cannot afford to process the application.

Year in year out, standard chartered international graduate / HSBC MA Programme rejects thousands of good ppl, yet butt-hurt candidates dun make that much noise. Because I am here standing for you to fire at me, u just want to do it to feel good. By all means come, I am glad it could of help to relieve the pain at your butt.

To reiterate, if local U + results not good, yet no X-factor, you are out.
If english sucks, you are out.
*
i see you point , but Standard Chartered International Graduate / HSBC MA Programme >>>>>>>>> RHB Bank (ECM whatever)

Its just like MIT, Standford, Imperial, London, Cambridge, Oxford, >>>>>>>>>>>>>>>>>>>>>> UM, UPM, NUS, NTU.

No worries man, thank you very much. I do feel good now. rclxms.gif

TSIBank BeanBag
post Jun 25 2012, 06:40 PM

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QUOTE(**** @ Jun 25 2012, 06:28 PM)
i see you point , but Standard Chartered International Graduate / HSBC MA Programme >>>>>>>>> RHB Bank (ECM whatever)

Its just like MIT, Standford, Imperial, London, Cambridge, Oxford, >>>>>>>>>>>>>>>>>>>>>> UM, UPM, NUS, NTU.

No worries man, thank you very much. I do feel good now.  rclxms.gif
*
Come on, I was one of the ten to be offered Standard Chartered IGP in Malaysia in 2008. And I choose RHB over Stanchart based on personal evaluation on merit.

So, if you butt hurt or don't feel good, you flash me such an offer before you launch your attack.


You should focus on your attack on whether I am too demanding for my hiring. I believe I am fair given that the job require certain quality for a person to be successful on this job.


Added on June 25, 2012, 6:52 pmOne forumer email me a CV, and I quite like it. So, next week he will start his internship at ECM.

Well, the fact that we are hiring is true. The fact that forumers here get interview and got into discussion with us is real. The fact that less desired CV get throw out the door if applicants failed to pitch their X-factors is also true.

If you cant take rejection, pls dun apply.

There is risk in it. If your english is not too good, dun apply. U will never get in.

Bottom line is if u dun b an ibanker, u could possibly live happier than you are. You can even be richer and live longer. If u really want to join a local ibank and look for a direct hiring, here we are. Shoot me ur cv. PM me for email to send.

If U go to UM/UPM/TARC/UUM and having CGPA of 2.0 or 3.0, be prepared to pitch your x-factors.

This post has been edited by IBank BeanBag: Jun 25 2012, 06:52 PM
atlantiz0
post Jun 25 2012, 10:46 PM

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i have this urge to just try my luck and see where I stand in your perceived 'standard' of current gen employees ... then again, I'm kinda amused by the possibility that you might be just simply trolling. Haha. pardon me yea .. its an online world where we are all sceptical to each other anyway.

I've got a question for discussion though, judging by your experience, what do you think is your company's draw factor for talented young graduates compared to top IBs like Deutsch, CS, MS, JPM etc ?

I mean, because you said your company wanted talents from the likes of Wharton - I suppose talent from unis like that would've been more than qualified for those international IBs, earning probably triple your stated salary here, and gain exposures that local IBs simply cannot provide..
masamura
post Jun 25 2012, 11:20 PM

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ex-CF.

Portfolio:-
Ivory Group Berhad
Sozo Global Limited
SIG Gases Berhad
+2 more approved but didn't go through with listing

Other Exercises:-

Countless bonus issues

RTO:-
Sindora Berhad (but fell through due to delisting option)

70k won't cut it for me though smile.gif

Interested?

TSIBank BeanBag
post Jun 25 2012, 11:56 PM

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QUOTE(atlantiz0 @ Jun 25 2012, 10:46 PM)
i have this urge to just try my luck and see where I stand in your perceived 'standard' of current gen employees ... then again, I'm kinda amused by the possibility that you might be just simply trolling. Haha. pardon me yea .. its an online world where we are all sceptical to each other anyway.

I've got a question for discussion though, judging by your experience, what do you think is your company's draw factor for talented young graduates compared to top IBs like Deutsch, CS, MS, JPM etc ?

I mean, because you said your company wanted talents from the likes of Wharton - I suppose talent from unis like that would've been more than qualified for those international IBs, earning probably triple your stated salary here, and gain exposures that local IBs simply cannot provide..
*
QUOTE(IFR ECM Daily @ Jun 25 2012, 10:46 PM)
China Nonferrous Mining Corp postponed its Hong Kong IPO of up to HK$2.44bn (US$313m), due to worsening market conditions.

The company, which had originally planned to close books on May 24, last week decided to extend its bookbuilding process.

The postponement comes after China Yongda Automobiles Services scrapped its proposed Hong Kong IPO of up to HK$3.37bn (US$433m) on Monday.
CNMC, a copper producer with operations in Zambia, had planned to sell 870m shares at an indicative price range of HK$2.10–$2.80 each, representing a 2012 P/E of 6.0–7.9.

Three cornerstone investors had agreed to take up about US$70m of the float. Cosco and Wise Pine were to subscribe to US$30m each, and China Railway Construction to US$10m.

ABC International, CICC, JP Morgan and UBS were the leads on CNMC’s transaction.


XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

China Yongda Automobiles Services has decided not to proceed with its proposed Hong Kong IPO of up to HK$3.37bn (US$433m), due to the deteriorating market conditions. Last week, the company decided to extend the bookbuilding to May 28.

The auto dealer was to sell 312.2m shares, or about 20% of its enlarged capital, at an indicative price range of HK$7.60–$10.80, representing a 2012 P/E of 8.1–11.5.
HSBC and UBS were the joint global co-ordinators and joint bookrunners on the deal with BoCom International.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

China Great Wall Electric has delayed the roadshow for its proposed Hong Kong IPO of around US$100m. The company had initially planned to open the books on April 23 and price the deal on April 30.

Credit Suisse and Guotai Junan Securities (Hong Kong) are handling the transaction.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Hong Kong-listed China Communications Construction finally launched its long-awaited Shanghai IPO, after slashing its fundraising size by 75% to Rmb5bn (US$793m). According to sources, the decision to slash the deal size was due to pressure from regulators. CCC first announced plans for a Shanghai listing at the end of 2010 with the goal of raising up to Rmb20bn at the time, but the offering was delayed due to market volatility.

Pricing is slated for two days later. BOC International (China) and Guotai Junan Securities are joint sponsors, and lead bookrunners with Citic Securities. Zhong De Securities, Goldman Sachs Gao Hua Securities and UBS Securities are joint bookrunners.


Foreign IB beat us in two seconds flat. We have no way of fighting them at good markets, but currently they can't even pull equity deals through.

I probably may not be able to retain them long. Instead of going to back office, why not come to smaller house that also do US$500 million IPOs?


Added on June 25, 2012, 11:59 pm
QUOTE(masamura @ Jun 25 2012, 11:20 PM)
ex-CF.

Portfolio:-
Ivory Group Berhad
Sozo Global Limited
SIG Gases Berhad
+2 more approved but didn't go through with listing

Other Exercises:-

Countless bonus issues

RTO:-
Sindora Berhad (but fell through due to delisting option)

70k won't cut it for me though smile.gif

Interested?
*
I am not keen, I dun need CF experience, thus not paying for it.

CF is keen though, if your markets reputation is good. AmInvestmentBank is not cowboy vs smaller name.

This post has been edited by IBank BeanBag: Jun 25 2012, 11:59 PM
atlantiz0
post Jun 26 2012, 12:36 AM

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hmm.. your reply surprised me a little, I must say.

I've thought of joining either smaller boutique fund houses and find my way into bigger IBs- but haven't actually spared a thought on .. something that's in between, i.e. like your bank vs. the international IBs.

hehe ... is the job challenging? If you are paying 70K, aren't you at a disadvantage compared to CIMB investment? They seem to be able to offer more- in terms of exposures, learning supports and pay/benefits, no?

Mind share on a little bit on the culture of the ECM team in your bank?
TSIBank BeanBag
post Jun 26 2012, 12:52 AM

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Quote FAQ 1: Y not CIMB ECM

You may ask, should you even be bothered to join your cap palang ECM in this case, why not CIMB. My answer would be if you could find a vacancy there, by all means. If there is no opening at ECM at Maybank and CIMB, you can wait up to two years and you still would not be in. So, here we present an opportunity for direct hiring into decent ECM house, right now.

CIMB also offer you the base pay of RM36k. By the time you hear from CIMB, I have probably filled my ECM vacancies.


Added on June 26, 2012, 12:54 amRushing work, quick answers:

We are all perfectionists here, and we do not associate ourselves with failure. At here, the only thing you have to worry is that whether you will be survive the hyper steep learning curve, but not whether you will feel bored.

Is very much up or out here.

This post has been edited by IBank BeanBag: Jun 26 2012, 12:54 AM
seantang
post Jun 26 2012, 07:19 AM

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Are these little outfits of local banks even considered investment banks?

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