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

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TSIBank BeanBag
post Jun 18 2012, 05:05 AM

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No need to convince. Cimb is not adding headcount at ECM, so no opening. Anyone that want to join them can wait till cow come home while doing other job.

U probably can't even get into cimb cf for being fresh grad. Ask cimb MT, how many ppl they filter through.

Less than 10 can also be two, btw.

We dun hurry, as in we smell talent quite accurately. For now, I am worried bout the quality I get.

There r two type of ppl. 1, u r tap to come, I really kEen to explore. 2, I let u try, u dun impress the hell out of me, but manage to justify y I should giv u a chance.

So far not many number 1 type.


Added on June 18, 2012, 5:08 amAnd if u ask standard chartered how they hire international graduate, they will tell u we get few thousand application, we interview 100+ for the first round after screening and essay questions, and showed 20+ to the big boss. He choose 5.

Tat is why stanchart IG is good. Ask sum of the IG around where r they working now. U will know.

This post has been edited by IBank BeanBag: Jun 18 2012, 05:08 AM
evanesence117
post Jun 20 2012, 11:56 AM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:59 PM)
send me your email in PM, i send you the scope. which uni u grad?


Added on June 15, 2012, 7:01 pm

Our requirement rather realistic. our package 70k a year oso not bad, manufacturing oso 40k to 50k only


Added on June 15, 2012, 7:31 pmanyone need to communicate with me pls pm me ur email. i cant send PM
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Wow 70k a year is quite good.... much better than my current MT program
fiqir
post Jun 20 2012, 12:29 PM

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QUOTE(Materazzi @ Jun 16 2012, 02:48 PM)
I am in MNC unpaid OT and work from 8 am - 12 am mon-fri.
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16 hours already. but what mnc is that. shocking.gif
SUSMaterazzi
post Jun 20 2012, 12:58 PM

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QUOTE(fiqir @ Jun 20 2012, 12:29 PM)
16 hours already. but what mnc is that.  shocking.gif
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European with stingy boss.
TSIBank BeanBag
post Jun 20 2012, 09:52 PM

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sianz. i will do 16 hours a day too until i get my fresh grads in.

Fresh grads where r u. Big package available
Gaius B
post Jun 21 2012, 02:36 PM

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Perhaps it is better to review the filtering process.
TSIBank BeanBag
post Jun 21 2012, 08:38 PM

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QUOTE(Gaius B @ Jun 21 2012, 02:36 PM)
Perhaps it is better to review the filtering process.
*
Maybe, but my boss said,"beanbag, do u noe y i want u to hire superstar? Once u have staff, i wan u to work even more. if u get cap X (cap palang) staff, u will collapse."

Beanbag replied, "yes, boss"

so with this, ECM and CF will launch a management trainee programme with two years direct placement into one of the department.

But if u normally dun study through all your degree, pre U, SPM.... straight lousy results, u have to be impressive in a way or another lor.

if not u ended up wasting time and we can be quite mean. I know 1 lazy guy get 1,500 bonus while other fresh grad get RM20+k.
Gaius B
post Jun 21 2012, 09:57 PM

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QUOTE(IBank BeanBag @ Jun 21 2012, 09:38 PM)

But if u normally dun study through all your degree, pre U, SPM.... straight lousy results, u have to be impressive in a way or another lor.

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Your main focus was on academics, not a question about soft skills. What if your candidate not telling you his/her actual results but seeking on what the interviewer wants? From what I see, your aim is to look for candidate with good academic results, rather than soft skills. Perhaps changing your topic title may help filter out certain candidates and save your time reviewing each candidate one by one.

Through your post knowing that you're busy with long working hours, can understand that maybe you don't have the time to read through the resume and mainly focus in academic results. My humble advice, academic, knowledge can be improved by time, personality is hard to change. Also, don't judge the book by its cover, people may be judging you the other way round.
TSIBank BeanBag
post Jun 21 2012, 10:41 PM

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QUOTE(Gaius B @ Jun 21 2012, 09:57 PM)
o
Your main focus was on academics, not a question about soft skills. What if your candidate not telling you his/her actual results but seeking on what the interviewer wants? From what I see, your aim is to look for candidate with good academic results, rather than soft skills. Perhaps changing your topic title may help filter out certain candidates and save your time reviewing each candidate one by one.

Through your post knowing that you're busy with long working hours, can understand that maybe you don't have the time to read through the resume and mainly focus in academic results. My humble advice, academic, knowledge can be improved by time, personality is hard to change. Also, don't judge the book by its cover, people may be judging you the other way round.
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Normally ppl dun under declare their results when going through IB interview.
every IB will ask ur results. Big or small.


Even if no more ppl queuing outside IB, we dun need to drop standard.
I am a kinder Ibanker around, giving most people a chance to explain why their results are full of BCD along the way. Others wont even look at it at all.
The fact that you are not impressive, it could well mean u r just not ready for my type of IB.

We are not looking for candidate with good academic results. We are looking at hard working ppl, who can learn really fast. Fast learner dun need to be very hard working and can score reasonably well. For most ppl, C are hard to come by.

The real investment banker quality kinda brain, even he go to school and play everyday, chances are they score half A half B. or average B. If you have average C, I seriously doubt u would be able to do investment banking.



Gaius B
post Jun 21 2012, 10:44 PM

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Good luck in your recruitment drive.
TSIBank BeanBag
post Jun 21 2012, 10:59 PM

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i wish u good luck in your search for IB job.

Dun b too upset, but dun give up.

the again, it is not the end of the world if u dun b ibanker.

I understand being told that u r not good enough can b quite a tough thing to accept, but at least i have filtered through some internal comments i get to not disappoint u.

Thanks for ur wish

-lousy ibanker-
SUSMaterazzi
post Jun 21 2012, 11:05 PM

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^

what are the personalities u look for other than hardworking?
Crystalbell1812
post Jun 21 2012, 11:19 PM

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QUOTE(IBank BeanBag @ Jun 21 2012, 08:38 PM)
Maybe, but my boss said,"beanbag, do u noe y i want u to hire superstar? Once u have staff, i wan u to work even more. if u get cap X (cap palang) staff, u will collapse."

Beanbag replied, "yes, boss"

so with this, ECM and CF will launch a management trainee programme with two years direct placement into one of the department.

But if u normally dun study through all your degree, pre U, SPM.... straight lousy results, u have to be impressive in a way or another lor.

if not u ended up wasting time and we can be quite mean. I know 1 lazy guy get 1,500 bonus while other fresh grad get RM20+k.
*
Hello :-) Mind if I ask when is the MT Programme launching?
TSIBank BeanBag
post Jun 21 2012, 11:29 PM

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submission is anytime now, we started reading / vetting resume. selected candidates will join in two batches, mid to late july and mid to late august, tentatively.

Can be via HR or the biz unit ppl like me.

u can PM me for my email and email it to me ur 1-page IB CV with 100 word cover letter (in the email body).

This post has been edited by IBank BeanBag: Jun 21 2012, 11:31 PM
Crystalbell1812
post Jun 21 2012, 11:41 PM

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QUOTE(IBank BeanBag @ Jun 21 2012, 11:29 PM)
submission is anytime now, we started reading / vetting resume. selected candidates will join in two batches, mid to late july and mid to late august, tentatively.

Can be via HR or the biz unit ppl like me.

u can PM me for my email and email it to me ur 1-page IB CV with 100 word cover letter (in the email body).
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So soon :-( I will be graduating Sep 2013 so no chance for that. Hope this programme will be available next year Sep. Good luck for your recruitment drive
TSIBank BeanBag
post Jun 21 2012, 11:50 PM

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u keen to do internship this year?
Crystalbell1812
post Jun 21 2012, 11:56 PM

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QUOTE(IBank BeanBag @ Jun 21 2012, 11:50 PM)
u keen to do internship this year?
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Yes I am keen but I left only 2 months+ in Malaysia then I will be flying back to UK for my PG degree. Find it quite hard for employers to offer 2 months internship position leh :-(
TSIBank BeanBag
post Jun 22 2012, 12:16 AM

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


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
earplug
post Jun 22 2012, 04:57 AM

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I'm only coming back home in August, I hope it's not too late then...

Is there any bond attached to the MT programme ie. like CIMB? Is it possible to join as direct hiring and not into MT programme?

This post has been edited by earplug: Jun 22 2012, 05:02 AM
cofin
post Jun 22 2012, 05:50 AM

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I remember i attend RHB Investment Banking Recruitment drive before.

At first it was at my hometown heaps of people attending .....ask to do a simple IQ test and Essay then interview.

Pass first round then 2nd round ask me fly to Kota Kinabalu for interview and i just reject. That time i still work for a poorly paid company as company secretary and taking the License Secretariat exam. But after LSTP i just cabut to oversea. That was 3 years ago when i just grad from Uni

I still remember OSK a stingy investment bank as they only would offer me like 9% extra from my current job that time ....so i miss the job which i intended to do after i grad from Uni that time

This post has been edited by cofin: Jun 22 2012, 05:52 AM

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