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

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sendomike
post Jun 16 2013, 04:34 PM

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QUOTE(goldconnection @ Jun 16 2013, 04:36 PM)
Your school do not look attractive to him...
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Haha.. Yeap.. I guess it didn't sad.gif
atlantiz0
post Jun 16 2013, 07:01 PM

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QUOTE(sendomike @ Jun 16 2013, 04:34 PM)
Haha.. Yeap.. I guess it didn't sad.gif
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Don't think it'll look attractive to him even if you are from Harvard. He will need people that works proactively instead.
TSIBank BeanBag
post Jun 18 2013, 02:12 PM

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QUOTE(atlantiz0 @ Jun 16 2013, 07:01 PM)
Don't think it'll look attractive to him even if you are from Harvard. He will need people that works proactively instead.
*
Have to disagree.

My second ivy league intern just finished his tenure with us.

Like the previous guy, he was good at picking up new things and came in with very good attitude.

On top of that, he could survive in the extreme conditions that we are operating in.

Our interview process is designed to identify this type of candidates out of the many that we have seen. And for once, I am going to share on this.





What is our process?

Truth is we are most likely to have screened through 100 CVs - which i usually screen for 5 mins each and say keen (50) or not keen (the other 50) - so don't be upset if I concluded in two words. We cannot afford to give detailed feedback and we don't owe you that.

And we will speak with 50 candidates for about 10 mins each. A lot of you have gone through that personally.

Then we move about 20 candidates that we would spend two hours each managing the process or interviewing or testing.

Of that, we may look at 10 final candidates and compare one to another (few more hours each). Once we are happy, we choose 1-3 people and show to the bosses and about 50% got an offer from there.

and if you do the maths, I spend 100 hours each time and my recruitment results has so far been very impressive in identifying the right candidates.





What is the drawbacks?

I tend to have 30% of candidates who cannot handle the rejection well or perhaps my non-sugar-coated way of saying no is too harsh.

I suggest whoever thinks they fit into this category please inform me of their preference for me to ignore him / her than saying no.



Atlantiz0 is based in KL or SG?

This post has been edited by IBank BeanBag: Jun 18 2013, 02:16 PM
Sasha85
post Jun 18 2013, 06:06 PM

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Hi...interested. Cud u Pm me plzzzzz
kakaakajes
post Jun 18 2013, 07:21 PM

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hi!

should we pm or email you our cv?

This post has been edited by kakaakajes: Jun 19 2013, 03:21 PM
KenichiLee
post Jun 19 2013, 01:20 PM

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Hi. I've just completed my final examination for BA(Hons)Accounting and Finance (3+0) University of Teesside, UK. It was conducted fully in SEGi University, Kota Damansara, Malaysia.

The UK university is ranked pretty badly in UK the last time i checked their rankings tho.

My final results are expected to be out by end of July and convocation to be held 2-3 months later. I am expecting first class honors but I would say 2nd class upper is highly unlikely but it is still possible. My academic performances are not excellent but still decent all these years.

Despite so called majoring in both Accounting and Finance, the only finance subject I had is CF, which is quite basic IMO. I had ZERO knowledge on IB as i was aiming for the accounting line before this, in fact i m attending my 2nd interview at IBM for their accounting analyst trainee this afternoon. ohmy.gif All my temporary working experience and internship has nothing to do with IB or finance-related (i had temp working experience in sime darby gsc as an accounting staff, internship in KPMG's risk management department-Internal audit). I would like to give myself a choice before settling down on a career path and IB seems to be an attractive option.


Do you think I stand a chance for the position stated? If yes then i would love to send you my resume as i m still an unofficial graduate of an unknown UK university and have minimal knowledge on finance. I dont have any qualification on CFA as I was aiming for part time ACCA this coming january, but I would have no problem switching courses if it can provide me a good career path.

This post has been edited by KenichiLee: Jun 19 2013, 02:48 PM
cychoy
post Jun 19 2013, 06:18 PM

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QUOTE(IBank BeanBag @ Jun 18 2013, 02:12 PM)
Have to disagree.

My second ivy league intern just finished his tenure with us.

Like the previous guy, he was good at picking up new things and came in with very good attitude.

On top of that, he could survive in the extreme conditions that we are operating in.

Our interview process is designed to identify this type of candidates out of the many that we have seen. And for once, I am going to share on this.
What is our process?

Truth is we are most likely to have screened through 100 CVs - which i usually screen for 5 mins each and say keen (50) or not keen  (the other 50) - so don't be upset if I concluded in two words. We cannot afford to give detailed feedback and we don't owe you that.

And we will speak with 50 candidates for about 10 mins each. A lot of you have gone through that personally.

Then we move about 20 candidates that we would spend two hours each managing the process or interviewing or testing.

Of that, we may look at 10 final candidates and compare one to another (few more hours each). Once we are happy, we choose 1-3 people and show to the bosses and about 50% got an offer from there.

and if you do the maths, I spend 100 hours each time and my recruitment results has so far been very impressive in identifying the right candidates.
What is the drawbacks?

I tend to have 30% of candidates who cannot handle the rejection well or perhaps my non-sugar-coated way of saying no is too harsh.

I suggest whoever thinks they fit into this category please inform me of their preference for me to ignore him / her than saying no.
Atlantiz0 is based in KL or SG?
*
Hi Sir,

I have more than 7 years experience in CF. Pls PM me which IB you from. Thanks!

This post has been edited by cychoy: Jun 19 2013, 06:18 PM
atlantiz0
post Jun 20 2013, 12:40 AM

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QUOTE(IBank BeanBag @ Jun 18 2013, 02:12 PM)
Have to disagree.

My second ivy league intern just finished his tenure with us.

Like the previous guy, he was good at picking up new things and came in with very good attitude.

On top of that, he could survive in the extreme conditions that we are operating in.

Our interview process is designed to identify this type of candidates out of the many that we have seen. And for once, I am going to share on this.
What is our process?

Truth is we are most likely to have screened through 100 CVs - which i usually screen for 5 mins each and say keen (50) or not keen  (the other 50) - so don't be upset if I concluded in two words. We cannot afford to give detailed feedback and we don't owe you that.

And we will speak with 50 candidates for about 10 mins each. A lot of you have gone through that personally.

Then we move about 20 candidates that we would spend two hours each managing the process or interviewing or testing.

Of that, we may look at 10 final candidates and compare one to another (few more hours each). Once we are happy, we choose 1-3 people and show to the bosses and about 50% got an offer from there.

and if you do the maths, I spend 100 hours each time and my recruitment results has so far been very impressive in identifying the right candidates.
What is the drawbacks?

I tend to have 30% of candidates who cannot handle the rejection well or perhaps my non-sugar-coated way of saying no is too harsh.

I suggest whoever thinks they fit into this category please inform me of their preference for me to ignore him / her than saying no.
Atlantiz0 is based in KL or SG?
*
thanks for the insights ! It's always interesting to know how IB functions.

I'm based in KL at the moment ...
klthor
post Jun 20 2013, 04:08 PM

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3 out of 100, thats like 3%? biggrin.gif
TSIBank BeanBag
post Jun 20 2013, 04:11 PM

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If you are top 10 among all, your chance is 3/10.

Problem is a lot of number 68 think they are top 5.
TSIBank BeanBag
post Jun 20 2013, 04:14 PM

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QUOTE(cychoy @ Jun 19 2013, 06:18 PM)
Hi Sir,

I have more than 7 years experience in CF. Pls PM me which IB you from. Thanks!
*
U r 13 months into your new job. Should hang on.

I will call you out for coffee soon. We can discuss then.
klthor
post Jun 20 2013, 04:22 PM

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QUOTE(IBank BeanBag @ Jun 20 2013, 04:11 PM)
If you are top 10 among all, your chance is 3/10.

Problem is a lot of number 68 think they are top 5.
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true smile.gif 30% isnt bad
cychoy
post Jun 20 2013, 05:56 PM

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QUOTE(IBank BeanBag @ Jun 20 2013, 04:14 PM)
U r 13 months into your new job. Should hang on.

I will call you out for coffee soon. We can discuss then.
*
How came you know I am 13 months into new job? =)

Please PM me which bank are you from. May need your help in corporation exercise.



TSIBank BeanBag
post Jun 21 2013, 04:31 AM

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QUOTE(cychoy @ Jun 20 2013, 05:56 PM)
How came you know I am 13 months into new job? =)

Please PM me which bank are you from. May need your help in corporation exercise.
*
Market is very small. trust me, you are in a decent place.


cychoy
post Jun 21 2013, 04:03 PM

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QUOTE(IBank BeanBag @ Jun 21 2013, 04:31 AM)
Market is very small. trust me, you are in a decent place.
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You have not answered which IB are you from. I need an adviser.
TSIBank BeanBag
post Jun 21 2013, 04:19 PM

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QUOTE(cychoy @ Jun 21 2013, 04:03 PM)
You have not answered which IB are you from. I need an adviser.
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go check your linkedin bro
TSIBank BeanBag
post Jun 21 2013, 04:20 PM

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meanwhile, candidate evaluation still ongoing
zzstormriderzz
post Aug 17 2013, 12:10 PM

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Can you pm me your email so that I could send my resume across?
IMRecon
post Aug 17 2013, 11:43 PM

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QUOTE(zzstormriderzz @ Aug 17 2013, 12:10 PM)
Can you pm me your email so that I could send my resume across?
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you have already failed the first screening.
atlantiz0
post Aug 20 2013, 10:45 PM

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Ah Bean ... 3 nights is the max ... don't overwork your people .. haha tongue.gif

Investment bank intern, 21, on £45,000 worked 'until 6am for three nights in a row' before he was found dead in his London flat

http://www.dailymail.co.uk/news/article-23...long-hours.html

This post has been edited by atlantiz0: Aug 20 2013, 10:46 PM

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