One thing I'm really curious though, how do you filter and identify great talents jz based on an interview? Some are great talkers and presenter but empty shell really. And many great talents do not jz talk a great game

At first you want a superstar who excels in everything. Then u said u jz really looking for a hardworking dude who can learn fast and willing to work long hours.

Although i'm jz a second upper degree scorer from local U, i believe i learn reasonably fast enough in answering my finals with minimal efforts several days before exam. Superstar talent though, I'm not, and I'm not sure capability to answer exam questions better than the average joe wh put in more effort is due to better learning capabiliy.

Got to know ur expectation boss

This post has been edited by starfen: Jun 22 2012, 09:27 PM

Ur post seem more to trolling than sincerely looking for someone. If u cannot get fresh grad, then u should consider candidates with 2 years experience. Some of them may consider it.

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

I'm curious? 70k p.a. and hard to find candidates?

Could you elaborate more on the package? 70k includes bonus and allowances etc?
Or is it a basic of about 3.5k/month + year end performance bonus =70k p.a.?

Maybe that is the catch. Because its hard to believe you're paying 5k+ a month as a basic salary.

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

The catch is rather obvious. In fact, there are two:

1. 70-100 work hours a week? That's a dead giveaway. Given that you teleport to and from work, require absolutely zero hours to address bodily functions and only sleep 6 hours a day, that gives you just about 126 hours / week to work with. Spread the excess from a 100-hour week (i.e. 26 hours) across 7 days, and that gives you just about 3.7 hours per day. This means to say, you can only expect to sleep no more than 6.5 to 7 hours per day if you expect to have a life.

On a personal note, I'd sooner work 4 days @ 40k p.a. than 7 days @ 70k p.a. - thanks to something called Quality of Life (QoL). On this note, I have stressed many times before that the goal is to raise one's QoL than to question jobs that appear dubious just because they have a great payout.

Great money comes with great responsibility.


2. Two words - Investment banking. The accountability is in excess of what the regular motley crew have to deal with.


To add:
Fast track management trainees that make the grade in O&G can command up to 75k - 90k p.a. within the first two years - bonus included and minus the crazy hours.

This post has been edited by thyceult: Jun 23 2012, 12:07 AM

To those working in oversea might know that 150-200k p.a is easily achievable for graduate with 1 years working experience

Oversea company even provide accommodation, 3 meals, monthly allowance(which already more than the basic salary in Malaysia), 4 times air passage allowance, 1 annual trip ....to suck the talent out from Malaysia.

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

yes, it is 150-200k USD, in good times, u get even more Now? im not sure.

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.

You can afford to pay the candidates , why can you leave this talent seeking to Jobhunter? Not the ppl nowadays want to demand more, but the expenses , foods, standard of living is getting higher ..

This post has been edited by cutiepooh: Jun 23 2012, 01:47 PM

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

Then what is so headache for you now? Which bank of it needs candidates,maybe I can ask my junior to apply for it

This post has been edited by cutiepooh: Jun 23 2012, 02:24 PM

Here is the catch.
I wouldn't accept the offer if you're telling me bonus 25k depends on how good i am. I would rather you tell me the basic is 6k per month, no bonus.

You must have heard enough of someone is working damn hard but his work is not appreciated. Evaluating one's effort is very subjective, some bosses find you a threat and they can have other reasons for not giving you bonus that you deserve.

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

Thats your catch. Thats the reason why it is hard for you to get people.
Applicants dont look at potential bonus and OT as 'salary'. Have to state that very clearly at what you are offering them.

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

Exactly what I meant.

It doesn't have to be RM6k per month, i was stating it as example only. The main point is that you have to make it clear, how much you are going to pay in an overall package, actual amount, i mean.

This post has been edited by debbieyss: Jun 23 2012, 04:07 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

if you are looking for $ and climbing the corporate ladder in the future, you shouldjoin ibanking, but u are expected to do alot of donkey jobs, ie. check spelling, photostat, send application to bnm, sc, bursa, despatch, check spacing, check line, check font

haha, i think it sums up, you dun need a good qualification to work in ib, the fact they want your result to be super great is because they wanna show other ppl how great you are, but in fact all those donkey jobs dun need your talent to be there