since i am bored today: a bit of tips how to get through beanbag ibank.

Ah bean reviewed anything between 200-400 CV a year depending on whether he is on recruitment drive.

And he gives 100-200 random calls at random time to CV that worth a call, solely in his opinion.

And he ends half of them abruptly within 10 minutes and talks to the other for 30 mins.

and den some get to the next level.

It is believe that ah bean spend 100-200 hours per success recruitment.

So you may want to think how to get ahead of others.

Making rm150k is not alot of money if you want to start a business. Lets take rm150k for e.g. at that range yr tax would be 20% mark. Plus epf would amount to 33% gone. Take home pay would only be rm100.5k or rm8.4k a month. Assuming he takes a 5 year car loan on a toyota altis or honda civic that would easily set him back another rm1.2k-rm1.5k. Plus parking, toll, etc easily all in rm2k a month. He would be left with only rm6k per month. And with all the drinking, expensive lunches, dinners, ktv, spa and all those things ib people "live it up" I would be surprised if he can save rm3k a month or rm36k a year. How many years would he need to generate rm1m of capital to start any decent business?

This post has been edited by robertchoo: May 18 2015, 12:10 PM

as an experienced electronics engineer, can i go into investment banking?

why not? just make sure your resume is tailored towards to banker and prepared to justify why would you want to switch ur career into different field.

i'm just curious, what kind of things in resume will get your attention? education background or experience?

when u call the candidates, what kind of things / answers u expect to hear? what sort of questions do u ask 1st? technical questions 1st or motivation test 1st?

soo..... 2k basic?

My IB is hiring CF. anyone who's interested please click on the link below.

https://forum.lowyat.net/index.php?showtopic=3603940&hl=

c mood

hard to say.

Different quality different pay.

Many candidates think they are very good when in fact they are not. Too bad, try another place.

IB ppl always eat at canteen RM5.

And the idea is 10 years 10 times. He will be 1.5m in 10 years

Boleh

Hmm...work 12 hours daily including sat/sun, no life and only eat rm5 canteen...nah. no point having money when you can't spend it

Is the job description still the same from last time? Really interested, fyi im a fresh grad in engineering. Despite the background of my education, I trade equities/fx all the time since last 2+ years and has been my hobby everyday, most of the economic news, factors also familiar already.

Working hard not a problem for me

This post has been edited by azwan92: Jun 27 2015, 09:55 AM

Dear beanbag ibank,

I am in no position to ask you to clarify things, but I would like to humbly ask you about certain things.

These are what I understood about investment banking (IB).
1. In an IB, there are technical analyses traders who trade varieties of securities.
2. In an IB, there are fundamental traders/value-investing traders who make analyses on securities/companies, etc.
3. In an IB, there are research analysts who work on mergers and acquisitions (which I believe it's called corporate finance).

Am I correct here?
The reason why I am asking is because I am a trader who does the number 1 and 2.

And which kind of people you are looking for?

This post has been edited by carrer: Jun 27 2015, 11:31 AM

Traders are short term investment goal, mainly TA with little bit of FA..
1 and 2 are combined..

I don't think they are called research analyst for Mna , I think is either executive or associate

For cf, they just copy and paste the research from other houses and apply to their own MNA then convince their client their value is right or the best.. Lol

u can dial in any fancy dinner. but dun do IB, no lifestyle one.

IB does a lot of things. prop trader? sell side/buy side research analyst? corp finance/dcm/ecm? A lot more roles within IB.

It's quite clear that beanbag is looking for corp fin related people.

I'm just surprised by how you do 1 and 2 in an IB. You either do 1 or you do 2.

Does treasury dept. still run prop equity book these days?

This post has been edited by fletcherwind: Jun 30 2015, 04:50 PM

I am not an employee of an IB, I am a retail trader who does 1 and 2. Therefore, I have no knowledge about the traders of IBs who only do either 1 or 2.

Thank you for the reply. Are you also working in an IB?

Equity Capital Market and buy side research analyst are what I am interested in, besides the number 1 and 2.

Your understanding of the IB's business a bit weak.

Btw, we are talking about Investment Banking....not just any part of an investment bank.

Hey beanbag, any opening for an engineering graduate? Been working in engineering field for about 2 years (1 year technical, 1 year business development) and are looking to switch to IB. Have a lil knowledge on FSM UT and would like to venture more into this field.

Willing to learn more and learn fast, let me know if there's any opportunities available. I can forward you my resume to have a look if you'd like.

Thanks in advance!