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

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goldconnection
post Feb 16 2013, 01:21 PM

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The lady even posted a similar thread on FB using her real name.
dreamgirlz
post Feb 19 2013, 10:32 AM

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Hey. I am currently studying Finance in a local private uni.
As compared to graduates from overseas ranked uni, is it possible for the graduates from local private uni with CFA level 1 to secure an IB job in Msia?

kinwing
post Feb 19 2013, 11:56 AM

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QUOTE(dreamgirlz @ Feb 19 2013, 10:32 AM)
Hey. I am currently studying Finance in a local private uni.
As compared to graduates from overseas ranked uni, is it possible for the graduates from local private uni with CFA level 1 to secure an IB job in Msia?
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No need to have CFA Level 1. When I was a fresh uni graduate and secured my 1st job in an IB at KL, I did not pass CFA Level 1 yet.
TSIBank BeanBag
post Feb 19 2013, 12:22 PM

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QUOTE(dreamgirlz @ Feb 19 2013, 10:32 AM)
Hey. I am currently studying Finance in a local private uni.
As compared to graduates from overseas ranked uni, is it possible for the graduates from local private uni with CFA level 1 to secure an IB job in Msia?
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entirely possible.

We have hired local grad from LYN and currently performing very well within the department.

Nonetheless, top graduates from local private uni, FYI.

Would love to see the CV.

TQ.
TSIBank BeanBag
post Feb 19 2013, 01:18 PM

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U mean we have the luxury of hiring "hot chick" graduates? That is news to me and very much your wishful thinking.

I would think brain is way more important given it is rare commodity in the talent market.

I think psychologically for anyone that rejected, it is better to think that he/she is not hot chick than being less brainy and less knowledgeable, prime reasons for rejection.

Reiterate, management's approval for 3 fresh grads, 2 for my team given our successful recruitment strategy, including multi-channel talent sourcing and insisting only on the most qualified candidates.



dreamgirlz
post Feb 19 2013, 01:29 PM

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QUOTE(kinwing @ Feb 19 2013, 11:56 AM)
No need to have CFA Level 1. When I was a fresh uni graduate and secured my 1st job in an IB at KL, I did not pass CFA Level 1 yet.
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Where did you graduate from? Please dont tell me you graduated from those top ranked overseas uni.
I saw from other posts that, you need to have experience from legal or accounting firms before the IB will take you.

icon_question.gif icon_question.gif icon_question.gif
dreamgirlz
post Feb 19 2013, 01:47 PM

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QUOTE(IBank BeanBag @ Feb 19 2013, 12:22 PM)
entirely possible.

We have hired local grad from LYN and currently performing very well within the department.

Nonetheless, top graduates from local private uni, FYI.

Would love to see the CV.

TQ.
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What do you mean by LYN? and i heard that the barrier of entrance to IB is very high and competitive. What do you is an "easier" way to enter the IB?
I am willing to work long hours, speak fluent english and as i said, i am currently persuing a Finance degree. What do i now to increase my chance of getting into IB? What exactly are IB looking from us as a fresh grad?

TQ in advance biggrin.gif
hZa23
post Feb 19 2013, 03:20 PM

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IB..not all flowers as u would like to see...
felixmask
post Feb 19 2013, 03:32 PM

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Open my direct CDS acc on dec 2012 - my 1st time meet my remisier- Yesterday got to know he resign last month when i call Maybank IB office.


Very short notice leaving.
kinwing
post Feb 19 2013, 03:37 PM

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QUOTE(dreamgirlz @ Feb 19 2013, 01:29 PM)
Where did you graduate from? Please dont tell me you graduated from those top ranked overseas uni.
I saw from other posts that, you need to have experience from legal or accounting firms before the IB will take you.

icon_question.gif  icon_question.gif  icon_question.gif
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I graduated from overseas university, but my uni is not top rank as it ranked even lower than UM one. Some more my degree's grade was not very impressive, just a 2nd class degree. Until today I am still wondering how I could start my 1st work in an IB without any working experience and good academic result hmm.gif .

This post has been edited by kinwing: Feb 19 2013, 05:31 PM
kinwing
post Feb 19 2013, 03:42 PM

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QUOTE(dreamgirlz @ Feb 19 2013, 01:47 PM)
What do you mean by LYN? and i heard that the barrier of entrance to IB is very high and competitive. What do you is an "easier" way to enter the IB?
I am willing to work long hours, speak fluent english and as i said, i am currently persuing a Finance degree. What do i now to increase my chance of getting into IB? What exactly are IB looking from us as a fresh grad?

TQ in advance  biggrin.gif
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You want to work at IB, but IB so big and many departments, even tea ladies and cleaners are part of the workers of IB. Which one you want to be in?
paranoidspaceman
post Feb 19 2013, 04:23 PM

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Here we go. Try your 'luck'. Make sure the applicant is already puas with 'enjoice' life.

Good luck and see you on the other side.

http://www.cimb.com/index.php?ch=g2_cr_job...cr_job_ib&tpt=4
dreamgirlz
post Feb 19 2013, 05:42 PM

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QUOTE(kinwing @ Feb 19 2013, 03:42 PM)
You want to work at IB, but IB so big and many departments, even tea ladies and cleaners are part of the workers of IB. Which one you want to be in?
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I am interested in CF, trading and M&A. Would u kindly describe the environment of these parts of IB and which has the lowest barrier of entry? Btw, I love challenges and willing to fully commit to the job. And, I also worry that it is hard for grad from local uni to enter IB, since the job market is so competitive, and there are so many grads from overseas competing for the positions. icon_question.gif
goldconnection
post Feb 19 2013, 06:45 PM

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You're still studying, why not you try to do internship first? Then only decide which department you wanna go.


TSIBank BeanBag
post Feb 19 2013, 11:57 PM

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QUOTE(dreamgirlz @ Feb 19 2013, 01:47 PM)
What do you mean by LYN? and i heard that the barrier of entrance to IB is very high and competitive. What do you is an "easier" way to enter the IB?
I am willing to work long hours, speak fluent english and as i said, i am currently persuing a Finance degree. What do i now to increase my chance of getting into IB? What exactly are IB looking from us as a fresh grad?

TQ in advance  biggrin.gif
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Easy or difficult is subjective.

We have hired fresh grads from low yat forum who PMed me to submit CV and they are now performing very well.

There are candidates who got rejected as well.

For me, you need to know your stuff and are able to research on your own. Honestly, your questions are unwarranted in my eyes. We perceive the person asking such questions have not done their own research sufficiently.

Indeed, IB IB, not those remisier etc, are rather harsh environment. Until you have listed company CEO breathing down your neck, you dunno how tough things can be for a junior in IB.


zzstormriderzz
post Feb 22 2013, 12:48 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:57 AM)
Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through
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I know that your post has been quite a while but just want to say..
I am qualified for everything above, plus had internship experience in New York
Is your company's IB division still hiring?
What's your company's name? Can pm me?
dreamgirlz
post Feb 23 2013, 05:16 AM

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QUOTE(goldconnection @ Feb 19 2013, 06:45 PM)
You're still studying, why not you try to do internship first?  Then only decide which department you wanna go.
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Dear goldconnection,

Do you have any info about internship in IB? I've checked the websites of many banks, they only offer internships to commercial banking. I am planning to do my internship by the end of this year, it would be 3 months. Or, do i need connections, even for internship?

Please advise.

TQVM.

goldconnection
post Feb 23 2013, 01:14 PM

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QUOTE(dreamgirlz @ Feb 23 2013, 05:16 AM)
Dear goldconnection,

Do you have any info about internship in IB? I've checked the websites of many banks, they only offer internships to commercial banking. I am planning to do my internship by the end of this year, it would be 3 months. Or, do i need connections, even for internship?

Please advise.

TQVM.
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I do not have much info for internship in IB. As far as I know, getting an internship in IB might need some kind of connection since they don't openly advertise for internship. You can try to ask around if you have friends/alumni who work in IB and ask them to help you send over your CV. Does your school has a career fair/campus recruitment event?

But since it's still early of the year, you still can take time to search for one. If I were you, I would drop send my CV to as many IB as possible (actually just around 15). If no luck, then try those Big 4 firms, they do take in interns/VT. Worst come to worst, try commercial banks. If you have spare time, browse Jobstreet regularly, there are firms take in interns.
TSIBank BeanBag
post Feb 27 2013, 07:28 PM

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dun need so difficult. we like intern
amirsnake
post Feb 27 2013, 11:37 PM

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U can try Maybank IB


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