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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 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.



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.


TSIBank BeanBag
post Feb 27 2013, 07:28 PM

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dun need so difficult. we like intern
TSIBank BeanBag
post Mar 27 2013, 03:22 PM

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QUOTE(d7adict @ Mar 24 2013, 11:32 PM)
Hi,

Are you still hiring people for IB? Would you consider fresh grad with no finance background for the job?
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yes.
TSIBank BeanBag
post May 17 2013, 11:58 PM

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I normally get back to you guys quite fast but have been bz lately.

Yes, recruitment continues. Sending CV via PM is welcomed
TSIBank BeanBag
post May 18 2013, 12:26 AM

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Cleared most back log
TSIBank BeanBag
post Jun 10 2013, 10:14 PM

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Replied. May not be the answer you like but honest input, I promise
TSIBank BeanBag
post Jun 16 2013, 01:48 AM

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QUOTE(sendomike @ Jun 10 2013, 11:22 PM)
Hi, am interested in the job.  Graduated from Universiti Teknologi PETRONAS, second class upper.
PM me.  Thanks!
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Y dun u PM ur CV over instead of me PM u?

Just being frank here. What do you expect me to say?
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.
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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
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!
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U r 13 months into your new job. Should hang on.

I will call you out for coffee soon. We can discuss then.
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.
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Market is very small. trust me, you are in a decent place.


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
TSIBank BeanBag
post Aug 22 2013, 01:00 AM

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QUOTE(thelws @ Aug 21 2013, 03:11 PM)
IBank,

I have an interesting question for you which will undoubtedly put a spin on things.

Are you willing to take people who want to switch careers? I'm referring to myself in particular. I graduated with engineering degree in 2007. Worked in IT networking for Cisco the next 5 years in US and most recently Singapore.

I have been self studying finance and economics with the intention of doing a career switch because I discovered after working in the world for a bit that finance is my ultimate passion. I fit almost all that you are looking for except that I don't have a formal finance background.

Since you don't seem to indicate that you need real working experience (this is an entry level position), are you willing to consider someone who actually has the drive and motivation except that he doesn't have formal backgrounds.

I can say up front that if you ask for a CV, there will be almost nothing of interest to you. Unless you enjoy looking at me explaining my school of hard knock.

I do believe however, that I will fare decently given a face to face interview.
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Ya.

PM me your CV still.

We look at engineers. In fact, it is in our ads that we seek engineering grads.

Unfortunately, I have a look blind policy, unless you are qualified for round 3,4 and 5, we likely won't have face to face.

Ah bean needs to work, no time to entertain 100 such requests.


TSIBank BeanBag
post Aug 22 2013, 01:03 AM

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QUOTE(hercules899 @ Aug 21 2013, 01:39 PM)
I do agree that overseas graduate might not be better than local graduates in some cases . But why are you saying that asking question without putting the effort to find effort by themselves is a bad thing ? Are you expecting we all keep quiet and just do our work ?

This is the BIGggest difference between 2 graduate , 1 went for overseas and the other one went for local educational system . There is a stark difference there.

Local university student are expected to keep quiet and find the answers themselves ? Then since he/she spends so much time looking for a simple answer which could be solved by asking , he/he gonna be VERY SELFISH TO SHOW OTHERS . It is a vicious circle there .

I am working in a rather small office , where all the fresh are from overseas brand . Some are genuine overseas graduates and some are 4+0 degree holders. I can easily see the difference between people who went through local and western education system . Those who went through genuine overseas university education tend to have to traits of not afraid to ask, proactive, WILLING TO SHARE WITH OTHERS.

While the others are very quiet, selfish , and then when they are being asked, they will answer "you questions by bring you around in the jungle" because you are already posing threat of replacing him/her in their point of view .
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Selfish your head, talk to my ivy league interns or the 1 from imperial college and you know you are no where near them, doesn't matter which uni u grads.

Your thinking is even backward compared to a lot of non Uni grads.
TSIBank BeanBag
post Oct 1 2013, 12:20 AM

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QUOTE(Tirek @ Aug 22 2013, 01:53 PM)
i've been following this thread from the beginning

everytime i read the requirements by mr beanbag, i think become politician is a lot easier than try to become his candidate
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Mana ada?

We still continue to speak to candidate.
TSIBank BeanBag
post Oct 1 2013, 12:21 AM

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QUOTE(fletcherwind @ Aug 22 2013, 02:19 PM)
I must say that IB recruitment is getting really competitive these days. You'll be seeing CVs that you'll never see in the past in KL. The demand for jobs far exceed supply.

There are too many good graduates out there. At the same time, SG and HK are not hiring like how they used to in the past. So even if you do hold a degree from a top uni in the world, don't assume that a KL IB job is almost a guarantee. 2-3 years ago, that was still the case.
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I have to agree but if you have a degree from top uni, ah bean still wants to hear from you.
TSIBank BeanBag
post Nov 25 2013, 09:42 PM

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QUOTE(love2ks @ Nov 20 2013, 09:05 AM)
Hi there,

PM-ed you recently. Are you still looking for recent grads? If so, could I have an email address to forward my CV to? Thanks.
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Replied.

Very good teaser. I like your uni.

PM your CV over. Let's have a chat ASAP.
TSIBank BeanBag
post Dec 9 2013, 08:57 AM

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QUOTE(outpace @ Dec 4 2013, 11:41 PM)
Surprise that none posted this in this thread, Some of them probably turned off by the recent news...

http://www.independent.co.uk/news/uk/home-...ks-8775917.html

Slavery in the City: Death of 21-year-old intern Moritz Erhardt at Merrill Lynch sparks furore over long hours and macho culture at banks
But let's treat this as isolated case, random death guys. Money are there in IB office for you capable one to grab. Just how much would you sacrifice for an early retirement or early ffinancial freedom?

Still there are many are just being attracted by the sake of the name instead if loving it wholeheartedly. Not worrying for TS to find ppl in lowyat, there's always talented guys are born/ determined to be an IB/ , entrepreneur/ doctors, so does janitor or driver.
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Oh, we nvr pay that well. We do not work ppl that hard.

Pushing limits on certain days are expected though. Not something an average guy would accept.

Similarly, 10 years later, the top achiever's package could be better than a junior audit partner at big 4.


N if you want to be the lazy ibanker, your life is better than audit, pay could be equal. Not that bad, but I somehow think that it is this type of ppl that make us appeared more hardwoking than we are.

So the rumours that we work 110 -120 hours every week is so untrue.

Btw, the 50-60 hours week is also not something u should expect every week.

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