u keen to do internship this year?

got, my bank always hungry for great talents, and have meaningful assignment for interns

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Added on June 22, 2012, 12:21 amgot MT programme also

The investment bank that I am working with has launched a comprehensive programme targeting very high caliber fresh graduates. This programme is being designed as such that it will bring in a total of five (5) exceptional talents who can eventually be groomed to lead the business team in the medium term, and the department in a longer term.

Pay structure will be very competitive and exceeding that of market standard pay structure for young graduates. Successful candidates will receive a substantial portion of their annual income as bonus, not withstanding their competitive basic pay.

We expect you to be extremely smart, with an almost flawless track record in academic excellence. You should be linguistically strong, yet well versed with numerical calculation as well as able to see trends in numbers quickly. You will also be working vigorously to prove yourself as a great talent for the management to accelerate your career vs already very good people within the front offices of the investment bank.

You will be assigned a mentor of at least a manager level employee (all the way up to VP), who does not work in your department but is there to help you to launch your career correctly and meaningfully. Meetings with other department heads can be requested via your mentor to pitch business ideas that are sound and backed by intensive fundamental research.

You first placement will be in the highly regarded corporate finance or equity capital markets department for two years. Beyond that, you will graduate from the management trainee programme into a series of graduate jobs specially designed for the graduates of management trainee programme. Moving around the investment bank is dependent on your reputation perceived by other business units rather than vacancies.

Because we practice swapping high caliber people among departments, your graduate position will be very meaningful and tasks given to you will be equally challenging to the then-more-capable you, if not even more challenging.

How to apply

Please prepare an one-page investment banking CV containing only information that you deem important and accompanied it by a 100-word cover letter pitching how you deserve a position within the IB management trainee programme. Photocopy of your certificates and transcripts should be attached.

Please send in the application by hand or via courier to :

Equity Capital Markets
RHB Investment Bank Berhad
Level 4 Tower Three
RHB Centre
Jalan Tun Razak 50400
KL Malaysia
Attn: Investment Bank Management Trainee (CF/ECM) Coordinator


This post has been edited by IBank BeanBag: Jun 22 2012, 12:21 AM

Our requirements are simple, hardworking, smart, good english, can do presentation. All those r nt tat

Pay 3k - 3.5k depends ur qualification / uni brand name / OT 600 - 1500 (non taxable) and bonus 25k or so

Bonus is depends on u good or not 1. But I saw someone first year left this on the table and the amount is this. Not impossible

I presume not 150-200k p.a USD

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Added on June 23, 2012, 8:10 amNot every week 100 hours, my fren.

Quality of life comes later. Is end game play for Ibanking

This post has been edited by IBank BeanBag: Jun 23 2012, 08:10 AM

Anyone can go overseas and earn that much, I encourage them to do so.

Those that who are good but can possibly be engineers overseas with 32k to 45k sgd, net of rental, u may want to explore here as well.

What is the point u try to make? Fresh grad should get 90k to 120k a year?

we have a mismatch is ability to comprehend each others.

i wont pay 90k to just anyone bcos it is not market. if someone impressive enough, we can consider.

but base line will be 70k pa, all in. This is rather above market vs other industry.

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Added on June 23, 2012, 3:31 pmNo one in markets pay 6k for Msia IB fresh grad.

we are offering opportunity and combined of bonus. It is common to have 30% to 50% of pay in bonus in IB industry. We are all bonus driven.

The beautiful part about IB, in particular ECM, is that if ur boss ******* n dowan to give u ur bonus, chances are ppl outside will wave at u with crazy increment, if you are really good. Industry know ur reputation after 1 or 2 years. U can go CIMB IB and get ur double digit of months of bonus.

I last heard when they pay u six months, it means if next year crisis, we will put u into the retrenchment list. high up in it.

This post has been edited by IBank BeanBag: Jun 23 2012, 03:31 PM

it is a fact that IB bonus is huge.

didnt overstated it. saw enough ppl getting (6-8 months) or 25k on first year

OT is a given fact bcos we want u work that hard, if u dun evaluate the OT, u oso should not evaluate the hours.

This post has been edited by IBank BeanBag: Jun 23 2012, 04:00 PM

I guess there are two ways to go. Good and bad.

I can offer u 6k with no bonus, but every night during peak period u work till 12am or 2am without OT if u cant finish ur work.

And I fire u the moment I feel ur performance is not up to mark bcos i canot adjust ur bonus. and if crisis come, u will appear first in the retrenchment list in our department.

I can sort that out with HR if that is what u want.

IB always build in 35% to 50% of total package is factual. Increment is crazily high is also factual.

good ppl get 30% to 40% for first few years. Normal one get 15%. real lousy 1 get 3% to 4%.

By end of year 3 increment / promotion, a lot ppl making close to 8k on basic already. so building in your average 50k bonus, it becomes almost 150k per year.

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Added on June 23, 2012, 4:15 pmden u move to cimb and they top u another 1500 and give u a 12 months bonus. congrats... u r making 200+k by den.

4th year of u working

This post has been edited by IBank BeanBag: Jun 23 2012, 04:15 PM

On OT, u think they pay u RM10 meal allowance ah? From our side, the meal allowance is crazily high 1. It can exceed RM100 on some days. The only reason I can think of is by calling it meal allowance, it is not taxable. Your tax normally is 20+% at top tier, so u can see that giving u sumthing not taxable is how wonderful ya?



a lot of people means not one or two, means it is not rare. I do not know everyone's salary. I am talking about tier-1 local CF because I am tier-1 local ECM. And the people who I know their salaries, they were tier-1 CF at some point of their life (not CIMB).

If u will get into the ECM position in my bank, u r ready to be star performer. Because the whole department only has star performers. It is in our culture. It is up or out, that is why I am cautious about who to get because I do not want u to be jobless.

I am projecting 3,500 for the 1st year and apply 30% increment for the next 3 years. Your wage growth get slow down only if u hit 7,000 and even slower after u hit 12,000.

If you are damn good and I dun give u increment, other bank will poach u with 40% increment. The art of managing talent vs cost is I make it difficult for people to build a 20% premium on you.

End of first year = RM4,550 (if add 20% premium = RM5,460)
End of second year = RM5,915 (if add 20% premium = RM7,098)
End of third year = RM7,689 (if add 20% premium = RM9,227)

Your downside in absolute amount in each year is around 10% from the aforementioned figures as follows:

End of first year = RM4,095 (if add 20% premium = RM4,914)
End of second year = RM5,323 (if add 20% premium = RM6,388)
End of third year = RM6,920 (if add 20% premium = RM8,304)

The figures with 20% jump ship premium looks like what CIMB would pay if they really want you.

On your 2 years bonus, only CIMB does that. Not getting double digit from CIMB is a very unfortunate event for many ppl, bcos it means u r getting laid off if a retrenchment takes place. It is not guaranteed, but it is almost like given kinda thing.

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Added on June 23, 2012, 10:52 pmThat is why you need to do ECM, but the ratio of ECM vs CF is so low in tier-1 local IB. Not every year we hire ppl for entry level.

Whole town only 50 ECM ppl i guess, good 1 only 20 at most.

ECM doesn't need to photostat that much because we don't do submission and best thing is we dun do submission to SC and Bursa.

Once you are good, you dun need to check line, check spacing, check spelling.

Only ppl who's english is not clean need to check line check spelling. That is why we hire ppl who have good english.

So that we both no need to check.





This post has been edited by IBank BeanBag: Jun 23 2012, 10:52 PM

genuinely looking for people. Bro, if u have not seen >RM100 a day meal allowance, u PM me your XXYYZZ@my.oskgroup.com, @affininvestmentbank.com.my; @alliancefg.com; @ambankgroup.com; @hdbs.com.my; @kenanga.com.my; @midf.com.my etc etc.

I send you sumthing for you to see. Bcos u have never claimed those stuff dun tell me it does not exist.



This post has been edited by IBank BeanBag: Jun 23 2012, 11:43 PM

don't u feel like seeing the >RM100 allowance? CF ppl like to sight things. if u have fren that need some sort of hints that this is true. let me know.

Yes, allowance is different then reimbursement. It means i put rm100 in your pocket, u can eat cup noodles and keep rm98.

if u want to show me ur cv, just pm me for the email.

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.

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Added on June 25, 2012, 3:26 pmDropouts 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

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.

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.

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.

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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

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?

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Added on June 25, 2012, 11:59 pmI 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

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.

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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