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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 15 2012, 06:35 PM, updated 2y ago

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hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh grad, interview until i pusing...


where r good ppl?

willing to pay also canot find cry.gif cry.gif cry.gif

Note: new package is up to 100k cos bonus now up to 36 months

Update: Now hire for transformation office only

This post has been edited by IBank BeanBag: Jul 2 2021, 01:07 AM
vey99
post Jun 15 2012, 06:38 PM

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good ppl all left the country liao.
here mostly is those who *think* they are good nia.
fresh grad edi wanting rm5k.

TSIBank BeanBag
post Jun 15 2012, 06:38 PM

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5k i can provide leh, but they must be good enough la... if no skill 1k intern oso i duwan
vey99
post Jun 15 2012, 06:45 PM

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ask agensi to do the rough work la.
pay them a fee. no need headache.
TSIBank BeanBag
post Jun 15 2012, 06:47 PM

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they cant get me my super star fresh grad...den i need to keep doing their job... 1 person do 3 persons job...mati aku
vey99
post Jun 15 2012, 06:49 PM

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well looks like problem with ur reqs, like many employers.

as a recruiter i do remind some employers that superman, as far as i know, is fictional and they should revisit their requirements, or shell out more money.
foxxy
post Jun 15 2012, 06:57 PM

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Hi Sir, may I know what's the scope of Investment banking ?
TSIBank BeanBag
post Jun 15 2012, 06:59 PM

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send me your email in PM, i send you the scope. which uni u grad?


Added on June 15, 2012, 7:01 pm
QUOTE(vey99 @ Jun 15 2012, 06:49 PM)
well looks like problem with ur reqs, like many employers.

as a recruiter i do remind some employers that superman, as far as i know, is fictional and they should revisit their requirements, or shell out more money.
*
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

This post has been edited by IBank BeanBag: Jun 15 2012, 07:31 PM
josephlau7966
post Jun 15 2012, 07:54 PM

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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
*
can you send me the scope as well???
just curious what is the IB requirement for people in Msia.....
by the way, I don't fit your bill....
I am not from world top 200 uni.....
TSIBank BeanBag
post Jun 15 2012, 07:57 PM

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Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through

This post has been edited by IBank BeanBag: Jun 15 2012, 07:57 PM
co_upe
post Jun 15 2012, 08:25 PM

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Could you elaborate more on the 'peak period' part? Usually how long is the peak period? 1 or 2 weeks in a month? Or longer than that? 70-100 hours per week is kinda.. sweat.gif
feynman
post Jun 15 2012, 08:37 PM

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I don't think it would be productive to recruit through lowyat.

Why don't you go through linked-in? I'm sure you can find a bunch of IB job seekers in the KL area. Instead of flooding your inbox with a ton of e-mails, you can instead choose who you want to contact through linked-in.

I know a few fellows in the industry, 2 of them particularly well. They won't settle for RM70k a year. One expects RM20k per month. Another was getting US$7k a month in SG. Both are base figures.
fiqir
post Jun 15 2012, 08:49 PM

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salary too low ?
WallChecker
post Jun 15 2012, 09:54 PM

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I dont think fresh grads nowadays willing to work 70 - 100 hours / weeks, not zero but not much. 70 / week is eq. 14hours / day. I assume they will be paid OT for that.
TSIBank BeanBag
post Jun 15 2012, 11:51 PM

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QUOTE(feynman @ Jun 15 2012, 08:37 PM)
I don't think it would be productive to recruit through lowyat.

Why don't you go through linked-in? I'm sure you can find a bunch of IB job seekers in the KL area. Instead of flooding your inbox with a ton of e-mails, you can instead choose who you want to contact through linked-in.

I know a few fellows in the industry, 2 of them particularly well. They won't settle for RM70k a year. One expects RM20k per month. Another was getting US$7k a month in SG. Both are base figures.
*
I dun think they r fresh grad. Only cowgate ppl get this pay as fresh grad in malaysia ib
feynman
post Jun 16 2012, 12:13 AM

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QUOTE(IBank BeanBag @ Jun 15 2012, 11:51 PM)
I dun think they r fresh grad. Only cowgate ppl get this pay as fresh grad in malaysia ib
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Depends on how you see it...........they both got out from business school. With previous work experience in trading. One for a trading house, another for HSBC.

Still, that piece on linked-in might work. You'll get to source the right people to begin with. Soliciting applications here in lowyat won't get the right profiles in the right quantities. Wasting your time in the end. you know the value of time as a banker right?
TSIBank BeanBag
post Jun 16 2012, 11:04 AM

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Forumer quality r not bad.

Just once a while u get ppl who think they r good.
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post Jun 16 2012, 11:39 AM

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QUOTE(IBank BeanBag @ Jun 15 2012, 07:57 PM)
Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through
*
then, how bout those who are not from top 200? are you gonna weed them out?
TSIBank BeanBag
post Jun 16 2012, 11:51 AM

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Depends if they send me cv via LYN or go click job street lor. If click job street, bank h.r. Will filter through.

If u r not great uni, den u need to pitch ur way through
SUSMaterazzi
post Jun 16 2012, 02:48 PM

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QUOTE(WallChecker @ Jun 15 2012, 09:54 PM)
I dont think fresh grads nowadays willing to work 70 - 100 hours / weeks, not zero but not much. 70 / week is eq. 14hours / day. I assume they will be paid OT for that.
*
I am in MNC unpaid OT and work from 8 am - 12 am mon-fri.
TSIBank BeanBag
post Jun 16 2012, 03:38 PM

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Sum time can b quite free though...

Last six month no boss I work 50 hours on average for 6 months. Yet, no pay cut. Syok.
iceypain
post Jun 16 2012, 05:45 PM

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pm me your bank?
TSIBank BeanBag
post Jun 16 2012, 05:52 PM

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Pm me ur email, I drop u an email n u send ur cv across.
fino_abama
post Jun 16 2012, 08:33 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 07:57 PM)
Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through
*
Is it so hard to find someone to do ECM?
LYR
post Jun 16 2012, 10:08 PM

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i think i saw your advertisement in jobstreet few days ago with the same requirements you posted here.
SUSalaskanbunny
post Jun 16 2012, 11:16 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 07:57 PM)
Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through
*
lol... myr 70k for 70-100hrs week work? lol... that's peanuts man... doh.gif international standard, myr70k = usd 23k, janitors in certain countries make more than that man laugh.gif

what's your definition of IB? a lot of ppl like to call themselves IB, but they are all just doing crappy work.. hmm.gif
SUSMaterazzi
post Jun 17 2012, 12:13 AM

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QUOTE(alaskanbunny @ Jun 16 2012, 11:16 PM)
lol... myr 70k for 70-100hrs week work? lol... that's peanuts man...  doh.gif  international standard, myr70k = usd 23k, janitors in certain countries make more than that man  laugh.gif

what's your definition of IB? a lot of ppl like to call themselves IB, but they are all just doing crappy work.. hmm.gif
*
but 70k in malaysia can live like a KING!
SUSalaskanbunny
post Jun 17 2012, 12:17 AM

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QUOTE(Materazzi @ Jun 17 2012, 12:13 AM)
but 70k in malaysia can live like a KING!
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70k live like a king? dude... 70k u cant even pay off vios ... still king?
TSIBank BeanBag
post Jun 17 2012, 01:22 AM

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QUOTE(alaskanbunny @ Jun 17 2012, 12:17 AM)
70k live like a king? dude... 70k u cant even pay off vios ... still king?
*
Vios spec J can lor. Malaysian IB standard lor. U go cimb b junior cf mayb add 10 to 15k lor.

If u get 100k u sure got 2 yrs bonus le.


Added on June 17, 2012, 1:23 amGood ecm ppl not tat many. Cannot afford to hav wrong person on the team

This post has been edited by IBank BeanBag: Jun 17 2012, 01:23 AM
lmunyee
post Jun 17 2012, 02:10 AM

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QUOTE(IBank BeanBag @ Jun 17 2012, 01:22 AM)
Vios spec J can lor. Malaysian IB standard lor. U go cimb b junior cf mayb add 10 to 15k lor.

If u get 100k u sure got 2 yrs bonus le.


Added on June 17, 2012, 1:23 amGood ecm ppl not tat many. Cannot afford to hav wrong person on the team
*
do you consider people who are not from those background you mentioned at all but from top 30-50 in the world?
if i send the application through jobstreet will straight away get crossed out i assume? tongue.gif
TSIBank BeanBag
post Jun 17 2012, 02:21 AM

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Yes. I will consider. So u dun send via jobstreet. U pm me ur email, I drop u a line using official email. U send ur cv through. Den we discuss.

If u r good uni, n grade is good, n can demostrate the quality, we will put u through an assessment centre.
xplodingbomb
post Jun 17 2012, 02:56 PM

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Wah...rm70k p.a. and can't find people? When I started out doing CF in a big4 I was getting only around rm30k p.a. I'd expect you to get much better talent with your package if for freshies. For experienced hires I'd say 70k is v.low.
deodorant
post Jun 17 2012, 04:34 PM

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QUOTE(alaskanbunny @ Jun 16 2012, 11:16 PM)
what's your definition of IB? a lot of ppl like to call themselves IB, but they are all just doing crappy work.. hmm.gif

not only IB la. even normal banking lots of ppl like to say they are "bankers" even tho they just doing crappy routine back office nonsense.
coolguyxr
post Jun 17 2012, 05:29 PM

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QUOTE(xplodingbomb @ Jun 17 2012, 02:56 PM)
Wah...rm70k p.a. and can't find people? When I started out doing CF in a big4 I was getting only around rm30k p.a. I'd expect you to get much better talent with your package if for freshies. For experienced hires I'd say 70k is v.low.
*
hi can i know what is your CF mean here? Something CXXX Finance?
xplodingbomb
post Jun 17 2012, 05:43 PM

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QUOTE(coolguyxr @ Jun 17 2012, 05:29 PM)
hi can i know what is your CF mean here? Something CXXX Finance?
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CF = Corporate Finance. Local banks tend to split CF and M&A but in most bulge brackets it's used interchangeably.
TSIBank BeanBag
post Jun 17 2012, 06:40 PM

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QUOTE(xplodingbomb @ Jun 17 2012, 02:56 PM)
Wah...rm70k p.a. and can't find people? When I started out doing CF in a big4 I was getting only around rm30k p.a. I'd expect you to get much better talent with your package if for freshies. For experienced hires I'd say 70k is v.low.
*
Bro, 70k p.a. all in.

Surprisingly not easy to get freshies that are good.

May be can get those they think they are good.

Gone are those days where junior looked at your comments and put through all of them meticulously.

These days just whack 5 in, ignore another 5 out of 10. Vomit blood bro.
tianlong_2020
post Jun 17 2012, 07:29 PM

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Hey, I heard that hav to do presentation in the final stage, right??
how many candidate so far in the stage??
EquinoX
post Jun 17 2012, 07:59 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.
*
This only applicable to u, not all of employees in Msia doing that. Some even work less than 9 hours / day.
And also, earning 70k p.a. is not much for those with that kind of reqs.
TSIBank BeanBag
post Jun 17 2012, 08:14 PM

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QUOTE(tianlong_2020 @ Jun 17 2012, 07:29 PM)
Hey, I heard that hav to do presentation in the final stage, right??
how many candidate so far in the stage??
*
Not many. Less than 10. Slowly pick.

Y? wanna try? send me a PM in your email and i drop u an email, which u can reply with ur cv


Added on June 17, 2012, 8:16 pm
QUOTE(EquinoX @ Jun 17 2012, 07:59 PM)

And also, earning 70k p.a. is not much for those with that kind of reqs.
*
Requirement not that tough. Increment always come faster than you thought.

Not many engineers get those thousand RM increment year after year.

Ask those lady auditors and you know how many of their bf so sore that their pay rise so slow vs their auditor gf.

This post has been edited by IBank BeanBag: Jun 17 2012, 08:16 PM
tianlong_2020
post Jun 18 2012, 02:35 AM

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QUOTE(IBank BeanBag @ Jun 17 2012, 08:14 PM)
Not many. Less than 10. Slowly pick.

Y? wanna try? send me a PM in your email and i drop u an email, which u can reply with ur cv


Added on June 17, 2012, 8:16 pm

Requirement not that tough. Increment always come faster than you thought.

Not many engineers get those thousand RM increment year after year.

Ask those lady auditors and you know how many of their bf so sore that their pay rise so slow vs their auditor gf.
*
Not willing to change field at this moment. By the way, shouldn't you convince others, why choose your bank over CIMB?
You have like 10 ppl going for your interview, and you only need 2. I think it's sufficient right?? rclxub.gif
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
*
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.
*
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.

*
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.
*
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?
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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).
*
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
starfen
post Jun 22 2012, 09:17 PM

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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
BzBody100
post Jun 22 2012, 10:12 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:35 PM)
hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh  grad, interview until i pusing...
where r good ppl?

willing to pay also canot find  cry.gif  cry.gif  cry.gif
*
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.
TSIBank BeanBag
post Jun 22 2012, 10:19 PM

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QUOTE(starfen @ Jun 22 2012, 09:17 PM)
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
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Our requirements are simple, hardworking, smart, good english, can do presentation. All those r nt tat

allornothing
post Jun 22 2012, 10:24 PM

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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.
TSIBank BeanBag
post Jun 22 2012, 11:52 PM

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QUOTE(allornothing @ Jun 22 2012, 10:24 PM)
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
thyceult
post Jun 23 2012, 12:05 AM

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» Click to show Spoiler - click again to hide... «


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
cofin
post Jun 23 2012, 01:29 AM

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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.
TSIBank BeanBag
post Jun 23 2012, 08:05 AM

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I presume not 150-200k p.a USD


Added on June 23, 2012, 8:10 am
QUOTE(thyceult @ Jun 23 2012, 12:05 AM)
» Click to show Spoiler - click again to hide... «


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.
*
Not 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
acgerlok7
post Jun 23 2012, 01:21 PM

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QUOTE(IBank BeanBag @ Jun 23 2012, 08:05 AM)
I presume not  150-200k p.a USD


*
yes, it is 150-200k USD, in good times, u get even more biggrin.gif Now? im not sure.
TSIBank BeanBag
post Jun 23 2012, 01:35 PM

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QUOTE(acgerlok7 @ Jun 23 2012, 01:21 PM)
yes, it is 150-200k USD, in good times, u get even more  biggrin.gif  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.
cutiepooh
post Jun 23 2012, 01:45 PM

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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 .. rclxub.gif

This post has been edited by cutiepooh: Jun 23 2012, 01:47 PM
TSIBank BeanBag
post Jun 23 2012, 02:08 PM

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QUOTE(cutiepooh @ Jun 23 2012, 01:45 PM)
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 ..  rclxub.gif
*
What is the point u try to make? Fresh grad should get 90k to 120k a year?
cutiepooh
post Jun 23 2012, 02:15 PM

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QUOTE(IBank BeanBag @ Jun 23 2012, 02:08 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 icon_rolleyes.gif

This post has been edited by cutiepooh: Jun 23 2012, 02:24 PM
debbieyss
post Jun 23 2012, 02:16 PM

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QUOTE(IBank BeanBag @ Jun 22 2012, 11:52 PM)
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
*
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.
TSIBank BeanBag
post Jun 23 2012, 03:25 PM

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QUOTE(cutiepooh @ Jun 23 2012, 02:15 PM)
Then what is so headache for you now? Which bank of it needs candidates,maybe I can ask my junior to apply for it  icon_rolleyes.gif
*
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.


Added on June 23, 2012, 3:31 pm
QUOTE(debbieyss @ Jun 23 2012, 02:16 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.
*
No 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
echobrainproject
post Jun 23 2012, 03:53 PM

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QUOTE(IBank BeanBag @ Jun 22 2012, 11:52 PM)
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
*
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.
TSIBank BeanBag
post Jun 23 2012, 03:58 PM

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QUOTE(echobrainproject @ Jun 23 2012, 03:53 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
debbieyss
post Jun 23 2012, 04:05 PM

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QUOTE(echobrainproject @ Jun 23 2012, 03:53 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.
*
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
TSIBank BeanBag
post Jun 23 2012, 04:14 PM

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QUOTE(debbieyss @ Jun 23 2012, 02:16 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.
*
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.


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
wombie
post Jun 23 2012, 09:59 PM

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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
fletcherwind
post Jun 23 2012, 10:06 PM

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This is the first time I hear CF jobs paying OT... meal allowance yes but official OT?


Added on June 23, 2012, 10:17 pm
QUOTE(IBank BeanBag @ Jun 23 2012, 04:14 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.


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
*
IB bean bag.... The salary you talk about here doesn't seem to reflect the true market price. Although I hope I'm wrong too. You're talking about non-Tier 1 local CF.... end of third year, 8k basic sounds like it's on the high side. You mentioned "a lot of ppl making close to 8k on basic" so I have to be skeptical about this, star performers maybe. Most CF jobs reward employees from bonuses which can go up to more than 2 years but their basic salary should be lower than that based on local Tier 2 or Tier 3 levels.

Also, if you're making 8k per month basic, it wouldn't make much sense for you to move to CIMB for an extra 1500. Bonus is not guaranteed, unless they offer you a sign on bonus.



This post has been edited by fletcherwind: Jun 23 2012, 10:17 PM
TSIBank BeanBag
post Jun 23 2012, 10:43 PM

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QUOTE(fletcherwind @ Jun 23 2012, 10:06 PM)
This is the first time I hear CF jobs paying OT... meal allowance yes but official OT?


Added on June 23, 2012, 10:17 pm

IB bean bag.... The salary you talk about here doesn't seem to reflect the true market price. Although I hope I'm wrong too. You're talking about non-Tier 1 local CF.... end of third year, 8k basic sounds like it's on the high side. You mentioned "a lot of ppl making close to 8k on basic" so I have to be skeptical about this, star performers maybe. Most CF jobs reward employees from bonuses which can go up to more than 2 years but their basic salary should be lower than that based on local Tier 2 or Tier 3 levels.

Also, if you're making 8k per month basic, it wouldn't make much sense for you to move to CIMB for an extra 1500. Bonus is not guaranteed, unless they offer you a sign on bonus.
*
On OT, u think they pay u RM10 meal allowance ah? From our side, the meal allowance is crazily high 1. It can exceed RM100 on some days. The only reason I can think of is by calling it meal allowance, it is not taxable. Your tax normally is 20+% at top tier, so u can see that giving u sumthing not taxable is how wonderful ya?



a lot of people means not one or two, means it is not rare. I do not know everyone's salary. I am talking about tier-1 local CF because I am tier-1 local ECM. And the people who I know their salaries, they were tier-1 CF at some point of their life (not CIMB).

If u will get into the ECM position in my bank, u r ready to be star performer. Because the whole department only has star performers. It is in our culture. It is up or out, that is why I am cautious about who to get because I do not want u to be jobless.

I am projecting 3,500 for the 1st year and apply 30% increment for the next 3 years. Your wage growth get slow down only if u hit 7,000 and even slower after u hit 12,000.

If you are damn good and I dun give u increment, other bank will poach u with 40% increment. The art of managing talent vs cost is I make it difficult for people to build a 20% premium on you.

End of first year = RM4,550 (if add 20% premium = RM5,460)
End of second year = RM5,915 (if add 20% premium = RM7,098)
End of third year = RM7,689 (if add 20% premium = RM9,227)

Your downside in absolute amount in each year is around 10% from the aforementioned figures as follows:

End of first year = RM4,095 (if add 20% premium = RM4,914)
End of second year = RM5,323 (if add 20% premium = RM6,388)
End of third year = RM6,920 (if add 20% premium = RM8,304)

The figures with 20% jump ship premium looks like what CIMB would pay if they really want you.

On your 2 years bonus, only CIMB does that. Not getting double digit from CIMB is a very unfortunate event for many ppl, bcos it means u r getting laid off if a retrenchment takes place. It is not guaranteed, but it is almost like given kinda thing.


Added on June 23, 2012, 10:52 pm
QUOTE(wombie @ Jun 23 2012, 09:59 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
*
That is why you need to do ECM, but the ratio of ECM vs CF is so low in tier-1 local IB. Not every year we hire ppl for entry level.

Whole town only 50 ECM ppl i guess, good 1 only 20 at most.

ECM doesn't need to photostat that much because we don't do submission and best thing is we dun do submission to SC and Bursa.

Once you are good, you dun need to check line, check spacing, check spelling.

Only ppl who's english is not clean need to check line check spelling. That is why we hire ppl who have good english.

So that we both no need to check.





This post has been edited by IBank BeanBag: Jun 23 2012, 10:52 PM
fletcherwind
post Jun 23 2012, 11:07 PM

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QUOTE(IBank BeanBag @ Jun 23 2012, 10:43 PM)
On OT, u think they pay u RM10 meal allowance ah? From our side, the meal allowance is crazily high 1. It can exceed RM100 on some days. The only reason I can think of is by calling it meal allowance, it is not taxable. Your tax normally is 20+% at top tier, so u can see that giving u sumthing not taxable is how wonderful ya?
a lot of people means not one or two, means it is not rare. I do not know everyone's salary. I am talking about tier-1 local CF because I am tier-1 local ECM. And the people who I know their salaries, they were tier-1 CF at some point of their life (not CIMB).

If u will get into the ECM position in my bank, u r ready to be star performer. Because the whole department only has star performers. It is in our culture. It is up or out, that is why I am cautious about who to get because I do not want u to be jobless.

I am projecting 3,500 for the 1st year and apply 30% increment for the next 3 years. Your wage growth get slow down only if u hit 7,000 and even slower after u hit 12,000.

If you are damn good and I dun give u increment, other bank will poach u with 40% increment. The art of managing talent vs cost is I make it difficult for people to build a 20% premium on you.

End of first year = RM4,550 (if add 20% premium = RM5,460)
End of second year = RM5,915 (if add 20% premium = RM7,098)
End of third year = RM7,689 (if add 20% premium = RM9,227)

Your downside in absolute amount in each year is around 10% from the aforementioned figures as follows:

End of first year = RM4,095 (if add 20% premium = RM4,914)
End of second year = RM5,323 (if add 20% premium = RM6,388)
End of third year = RM6,920 (if add 20% premium = RM8,304)

The figures with 20% jump ship premium looks like what CIMB would pay if they really want you.

On your 2 years bonus, only CIMB does that. Not getting double digit from CIMB is a very unfortunate event for many ppl, bcos it means u r getting laid off if a retrenchment takes place. It is not guaranteed, but it is almost like given kinda thing.


Added on June 23, 2012, 10:52 pm

That is why you need to do ECM, but the ratio of ECM vs CF is so low in tier-1 local IB. Not every year we hire ppl for entry level.

Whole town only 50 ECM ppl i guess, good 1 only 20 at most.

ECM doesn't need to photostat that much because we don't do submission and best thing is we dun do submission to SC and Bursa.

Once you are good, you dun need to check line, check spacing, check spelling.

Only ppl who's english is not clean need to check line check spelling. That is why we hire ppl who have good english.

So that we both no need to check.
*
I hope you're genuinely looking for people because many fresh grads here are looking for an IB related job. But, the things you say .... I can't help but to take it with quite a pinch of salt. For e.g. your company's variable >RM100 a day meal allowance...
TSIBank BeanBag
post Jun 23 2012, 11:27 PM

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QUOTE(fletcherwind @ Jun 23 2012, 11:07 PM)
I hope you're genuinely looking for people because many fresh grads here are looking for an IB related job. But, the things you say .... I can't help but to take it with quite a pinch of salt. For e.g. your company's variable >RM100 a day meal allowance...
*
genuinely looking for people. Bro, if u have not seen >RM100 a day meal allowance, u PM me your XXYYZZ@my.oskgroup.com, @affininvestmentbank.com.my; @alliancefg.com; @ambankgroup.com; @hdbs.com.my; @kenanga.com.my; @midf.com.my etc etc.

I send you sumthing for you to see. Bcos u have never claimed those stuff dun tell me it does not exist. rclxub.gif



This post has been edited by IBank BeanBag: Jun 23 2012, 11:43 PM
fletcherwind
post Jun 23 2012, 11:42 PM

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No, I don't work for those.

Allowance and reimbursement is different. But anyway, good luck in looking for someone credible.
TSIBank BeanBag
post Jun 23 2012, 11:46 PM

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don't u feel like seeing the >RM100 allowance? CF ppl like to sight things. if u have fren that need some sort of hints that this is true. let me know.

Yes, allowance is different then reimbursement. It means i put rm100 in your pocket, u can eat cup noodles and keep rm98.
SUSMaterazzi
post Jun 24 2012, 11:23 AM

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QUOTE(wombie @ Jun 23 2012, 09:59 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
*
do you think they know your result meh? even my colleagues don't know my result.
If in equity research also no need technical meh?
acgerlok7
post Jun 24 2012, 02:31 PM

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QUOTE(IBank BeanBag @ Jun 23 2012, 02:08 PM)
What is the point u try to make? Fresh grad should get 90k to 120k a year?
*
no la bro, i think possibly he's trying to make a point saying nowdays our money had become small man, small! cry.gif
Back in those years, i think 20-30 cents can get you a cup of aromatic kopi O, now, 20 cents and u go the mamak, you cant even buy bread crumbs. sad.gif
Awakened_Angel
post Jun 24 2012, 03:28 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 07:35 PM)
hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh  grad, interview until i pusing...
where r good ppl?

willing to pay also canot find  cry.gif  cry.gif  cry.gif
*
welcome... welcome............

WELCOME.............

to the real world.......................................... brows.gif

rise of the the generation Y era

goben say WE hire foreign worker cause they are cheap, well not, I hire foreign worker who`s salary is double of local, even I pay local tripple also they are not willing to work.............
vaan4
post Jun 24 2012, 05:01 PM

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Hi IBank BeanBag,

What are the tasks and responsibilities for ECM analyst?

Do you spend most of your time refining the valuation models (DCF, Ccomparable Companies, precedent transactions) and refining the marketing pitch book?
Is ECM work related to staying on top of the market, following current trends, making recommendations to industry and product groups for clients and pitch books?

I'm guessing that in ECM you would mainly work on IPO, debt issuance and private placement.

Thanks.

This post has been edited by vaan4: Jun 24 2012, 05:13 PM
iceypain
post Jun 24 2012, 06:30 PM

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QUOTE(vaan4 @ Jun 24 2012, 05:01 PM)
Hi IBank BeanBag,

What are the tasks and responsibilities for ECM analyst?

Do you spend most of your time refining the valuation models (DCF, Ccomparable Companies, precedent transactions) and refining the marketing pitch book?
Is ECM work related to staying on top of the market, following current trends, making recommendations to industry and product groups for clients and pitch books?

I'm guessing that in ECM you would mainly work on IPO, debt issuance and private placement.

Thanks.
*
You pretty much just answered your own question...
TSIBank BeanBag
post Jun 25 2012, 12:00 AM

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if u want to show me ur cv, just pm me for the email.


thyceult
post Jun 25 2012, 10:57 AM

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+1

Exceptional performance is a very iffy thing in today's market. Furthermore, genuine KPI accountability only works in a society that is not prone to office politics "for the sake of office politics".

SUScunt
post Jun 25 2012, 11:03 AM

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The problem lies in the intention of TS which he wants to interview only candidates from top 200 unis ( i don't think he only wants that, he wants those from Imperial, London School, or maybe Wharton) with excellent results ( presumably strong 2nd upper and 1st class honours).

If there is such a person exists in Malaysia, i fail to see why he or she wants to join TS's bank. He might as well aim for Mc Consulting, Bain Consulting, CIMB, Maybank , Bank Negara , Khazanah and etc.

So, there goes TS endless whining and complaining.

Or, TS just wanna TROLL.
thyceult
post Jun 25 2012, 11:06 AM

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Granted, but even at 70 hours (the minimum that you have suggested) is by far in excess of the average overworked staff. Definitely a bitter pill for Next-Genners to swallow. Those already in the creative and communications industry are complaining about hours in excess of 60 per week - what more the figures that are being demonstrated in investment banking.

Of course, the two do not function at the same level nor capacity. However, one important thing to point out is that despite the remuneration being clearly better, there is always an applicable of diminishing returns on any reward - monetary or otherwise.

As for Quality of Life, I believe it is an empowerment issue. Any individual should be given the option to improve on their QoL at any stage of their career. This is an important aspect to address if the hiring party wants to secure good talent.

Every organization's administration must realize sooner or later that QoL does not necessarily mean monetary rewards. It could be something as simple as access, trust or even tiny perks that make the overall work experience easier to bear.

By putting the carrot (QoL) all the way at the end, many will not be motivated to take part in this race. Many of our forefathers and seniors have taken this road and have found that there was NO CARROT at the end, despite what they were told.
SUScunt
post Jun 25 2012, 11:11 AM

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IMHO, TS should try to get those people from local Unis such as UM, UKM with exceptional results or maybe NUS/NTU/SMU.

But i dont think those studying in SG would come to KL and work though.
debbieyss
post Jun 25 2012, 11:19 AM

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Please don't mind me being straight forward.

I find that TS' tone and statements quite unreliable and way too exaggerating, not as professional and solemn as one who works in a bank should behave.
SUScunt
post Jun 25 2012, 11:22 AM

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QUOTE(Awakened_Angel @ Jun 24 2012, 03:28 PM)
welcome... welcome............

WELCOME.............

to the real world..........................................  brows.gif

rise of the the generation Y era

goben say WE hire foreign worker cause they are cheap, well not, I hire foreign worker who`s salary is double of local, even I pay local tripple also they are not willing to work.............
*
LOL, pls dont tell me your definition of paying local for 30 ringgit per day is triple of the 20/10 ringgit per day that you are paying locals.
thyceult
post Jun 25 2012, 12:25 PM

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Dear debbieyss,

Assuming you are replying to me:

Nothing to apologize for. I find that your observations are often fresh and with insight. I happen to particularly agree with this line of observation that you have put forward earlier regarding bonuses and their subjective unreliability.
debbieyss
post Jun 25 2012, 01:14 PM

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QUOTE(thyceult @ Jun 25 2012, 12:25 PM)
» Click to show Spoiler - click again to hide... «


Dear debbieyss,

Assuming you are replying to me:

Nothing to apologize for. I find that your observations are often fresh and with insight. I happen to particularly agree with this line of observation that you have put forward earlier regarding bonuses and their subjective unreliability.
*
Hi, I think you have got me wrong. I was actually referring to TS, TS is an abbreviation for "Thread Starter", which is pointing directly to IBank BeanBag.
thyceult
post Jun 25 2012, 01:37 PM

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Hi there debbieyss,

Apologies on this. I was wondering why you were speaking in third person when referring to the TS haha. Noted on all accounts. Nevertheless, my add-on comment thereafter still applies to the overall conversation.



phoenix87
post Jun 25 2012, 01:50 PM

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QUOTE(debbieyss @ Jun 25 2012, 11:19 AM)
Please don't mind me being straight forward.

I find that TS' tone and statements quite unreliable and way too exaggerating, not as professional and solemn as one who works in a bank should behave.
*
debbie all kinds of ppl everywhere u go......even banks smile.gif
TSIBank BeanBag
post Jun 25 2012, 03:21 PM

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QUOTE(debbieyss @ Jun 25 2012, 11:19 AM)
Please don't mind me being straight forward.

I find that TS' tone and statements quite unreliable and way too exaggerating, not as professional and solemn as one who works in a bank should behave.
*
cool, come to my bank and meet me. Will be happy to show you the toilet outside ECM.

Was told the ladies smell though.

Btw, presume I am at forum, not some drafting meeting for the prospectus of any landmark IPO.


Added on June 25, 2012, 3:26 pm
QUOTE(**** @ Jun 25 2012, 11:03 AM)
The problem lies in the intention of TS which he wants to interview only candidates from top 200 unis ( i don't think he only wants that, he wants those from Imperial, London School, or maybe Wharton) with excellent results ( presumably strong 2nd upper and 1st class honours).

If there is such a person exists in Malaysia, i fail to see why he or she wants to join TS's bank. He might as well aim for Mc Consulting, Bain Consulting, CIMB, Maybank , Bank Negara , Khazanah and etc.

So, there goes TS endless whining and complaining.

Or, TS just wanna TROLL.
*
Dropouts from Wharton works for me too. Anyone can demonstrate ability to analyse and good english and track record of being smart is good enough for me. Baseline is that you have some x-factors or you come from top 200 unis. Everyone gets a fair chance, but review could be so direct that it is hard to take, bcos that is how my boss work.

This post has been edited by IBank BeanBag: Jun 25 2012, 03:28 PM
SUScunt
post Jun 25 2012, 03:52 PM

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QUOTE(IBank BeanBag @ Jun 25 2012, 03:21 PM)
cool, come to my bank and meet me. Will be happy to show you the toilet outside ECM.

Was told the ladies smell though.

Btw, presume I am at forum, not some drafting meeting for the prospectus of any landmark IPO.


Added on June 25, 2012, 3:26 pm

Dropouts from Wharton works for me too. Anyone can demonstrate ability to analyse and good english and track record of being smart is good enough for me. Baseline is that you have some x-factors or you come from top 200 unis. Everyone gets a fair chance, but review could be so direct that it is hard to take, bcos that is how my boss work.
*
May I know that in your team (RHB), are they all from the same league of Wharton, Cambridge , MIT , Imperial or etc ?

Or they are just like you, from NTU and the less known unis but still better then the local universities ( according to certain perceptions)
TSIBank BeanBag
post Jun 25 2012, 04:03 PM

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QUOTE(**** @ Jun 25 2012, 03:52 PM)
May I know that in your team (RHB), are they all from the same league of Wharton, Cambridge , MIT , Imperial or etc ?

Or they are just like you, from NTU and the less known unis but still better then the local universities ( according to certain perceptions)
*
Dear ****,

We all cap palang degree here in ECM but my CF colleagues are LSE etc. we are interviewing the cambridge and the more decent uni, yes, we the cap palang interview them.

Then again, we are looking into couple of candidates from UM, Malaysia, and they are top of their class... top top...not just first class. Ha, that is the X-factor.
SUScunt
post Jun 25 2012, 04:07 PM

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QUOTE(IBank BeanBag @ Jun 25 2012, 04:03 PM)
Dear ****,

We all cap palang degree here in ECM but my CF colleagues are LSE etc. we are interviewing the cambridge and the more decent uni, yes, we the cap palang interview them.

Then again, we are looking into couple of candidates from UM, Malaysia, and they are top of their class... top top...not just first class. Ha, that is the X-factor.
*
Oops, somebody just butt-hurt it think.

Then, how come so long already still cant find "THE ONE"?

Such as offering the jobs to the 1st class/top unis then being rejected after that? or you just too happy to troll us in forum?
iastate
post Jun 25 2012, 04:18 PM

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It's not that hard to find people from top 200 universities (I myself is one of them), unless you are talking about the top of the top such as Cambridge, Harvard, MIT, and the like.

If you want the top people graduating first class from top universities, it would be very hard because they either stay overseas or they come back and go to Singapore.
SUScunt
post Jun 25 2012, 04:30 PM

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QUOTE(iastate @ Jun 25 2012, 04:18 PM)
It's not that hard to find people from top 200 universities (I myself is one of them), unless you are talking about the top of the top such as Cambridge, Harvard, MIT, and the like.

If you want the top people graduating first class from top universities, it would be very hard because they either stay overseas or they come back and go to Singapore.
*
EXACTLY.

Most of the 1st class students ( from top uni of that I know of) either stayed overseas ,or keep changing jobs (within a year) cos in my opinion, the 1st couple of jobs they got were from the "no-so-good companies" and these "no-so-good companies" were just their stepping stones. haha.

Guess that's life, look at TS's companies' way of selecting people already know. as a second-tier or probably at the btm of the investment/financial banking scene in Malaysia also only wanna interview and select 1st class from top of unis .

Later at the end of the year, we will see a thread " why-these-people-just-dont-appreciate-70k-or-more-that-we-are offering kinda thread. LOL
thyceult
post Jun 25 2012, 05:21 PM

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Dear Ibank,

I guess you can try checking with the local AIESEC chapter in UM and several other universities, if you have already exhausted those options. They usually churn out creme de la creme candidates, the savvy kind that you are looking for. Good luck on this.
deodorant
post Jun 25 2012, 05:48 PM

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QUOTE(iceypain @ Jun 25 2012, 04:44 PM)
You chose the right screen name, that's for sure.

I'm not sure why LYN allowed him to choose it in the first place, lol. The word itself is obviously a no-no since it's auto-censored icon_idea.gif
Currylaksa
post Jun 25 2012, 06:03 PM

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I'm not HR (altho I know SAP HR) and already know where you guys failed.

You have to start early like IBM or Accenture, invade college campus-es and really drill into promising students the glamour/potential of your career paths.
TSIBank BeanBag
post Jun 25 2012, 06:13 PM

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QUOTE(**** @ Jun 25 2012, 04:07 PM)
Oops, somebody just butt-hurt it think.

Then, how come so long already still cant find "THE ONE"?

Such as offering the jobs to the 1st class/top unis then being rejected after that? or you just too happy to troll us in forum?
*
We have since move on to assessment centre where selected candidates are being offered an assignment and 10 calendar days to prepare.

Recruitment take time. We dun risk to hire ppl and fire them or have them resigned.

For all butt-hurt ppl who think i should lower my standard, even as I lower it, you may not get through assessment centre. More importantly, if you screwed up your local Uni degree with CGPA to the point that it could be below 2.5/4.0, I dun see a point of interviewing you, unless you have strong x-factor.

Everyone is given a chance to pitch their x-factor. There is no preference for elite elite here, we look at non-cambridge as well.

It just the candidate have to be impressive, one way or another. If you represented Msia in Taekwando before, we are keen to explore. If you do something that demostrate determination, we want to hear from you.

If you part time at KFC only and have lousy grades, we cannot afford to process the application.

Year in year out, standard chartered international graduate / HSBC MA Programme rejects thousands of good ppl, yet butt-hurt candidates dun make that much noise. Because I am here standing for you to fire at me, u just want to do it to feel good. By all means come, I am glad it could of help to relieve the pain at your butt.

To reiterate, if local U + results not good, yet no X-factor, you are out.
If english sucks, you are out.
SUScunt
post Jun 25 2012, 06:28 PM

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QUOTE(IBank BeanBag @ Jun 25 2012, 06:13 PM)
We have since move on to assessment centre where selected candidates are being offered an assignment and 10 calendar days to prepare.

Recruitment take time. We dun risk to hire ppl and fire them or have them resigned.

For all butt-hurt ppl who think i should lower my standard, even as I lower it, you may not get through assessment centre. More importantly, if you screwed up your local Uni degree with CGPA to the point that it could be below 2.5/4.0, I dun see a point of interviewing you, unless you have strong x-factor.

Everyone is given a chance to pitch their x-factor. There is no preference for elite elite here, we look at non-cambridge as well.

It just the candidate have to be impressive, one way or another. If you represented Msia in Taekwando before, we are keen to explore. If you do something that demostrate determination, we want to hear from you.

If you part time at KFC only and have lousy grades, we cannot afford to process the application.

Year in year out, standard chartered international graduate / HSBC MA Programme rejects thousands of good ppl, yet butt-hurt candidates dun make that much noise. Because I am here standing for you to fire at me, u just want to do it to feel good. By all means come, I am glad it could of help to relieve the pain at your butt.

To reiterate, if local U + results not good, yet no X-factor, you are out.
If english sucks, you are out.
*
i see you point , but Standard Chartered International Graduate / HSBC MA Programme >>>>>>>>> RHB Bank (ECM whatever)

Its just like MIT, Standford, Imperial, London, Cambridge, Oxford, >>>>>>>>>>>>>>>>>>>>>> UM, UPM, NUS, NTU.

No worries man, thank you very much. I do feel good now. rclxms.gif

TSIBank BeanBag
post Jun 25 2012, 06:40 PM

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QUOTE(**** @ Jun 25 2012, 06:28 PM)
i see you point , but Standard Chartered International Graduate / HSBC MA Programme >>>>>>>>> RHB Bank (ECM whatever)

Its just like MIT, Standford, Imperial, London, Cambridge, Oxford, >>>>>>>>>>>>>>>>>>>>>> UM, UPM, NUS, NTU.

No worries man, thank you very much. I do feel good now.  rclxms.gif
*
Come on, I was one of the ten to be offered Standard Chartered IGP in Malaysia in 2008. And I choose RHB over Stanchart based on personal evaluation on merit.

So, if you butt hurt or don't feel good, you flash me such an offer before you launch your attack.


You should focus on your attack on whether I am too demanding for my hiring. I believe I am fair given that the job require certain quality for a person to be successful on this job.


Added on June 25, 2012, 6:52 pmOne forumer email me a CV, and I quite like it. So, next week he will start his internship at ECM.

Well, the fact that we are hiring is true. The fact that forumers here get interview and got into discussion with us is real. The fact that less desired CV get throw out the door if applicants failed to pitch their X-factors is also true.

If you cant take rejection, pls dun apply.

There is risk in it. If your english is not too good, dun apply. U will never get in.

Bottom line is if u dun b an ibanker, u could possibly live happier than you are. You can even be richer and live longer. If u really want to join a local ibank and look for a direct hiring, here we are. Shoot me ur cv. PM me for email to send.

If U go to UM/UPM/TARC/UUM and having CGPA of 2.0 or 3.0, be prepared to pitch your x-factors.

This post has been edited by IBank BeanBag: Jun 25 2012, 06:52 PM
atlantiz0
post Jun 25 2012, 10:46 PM

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i have this urge to just try my luck and see where I stand in your perceived 'standard' of current gen employees ... then again, I'm kinda amused by the possibility that you might be just simply trolling. Haha. pardon me yea .. its an online world where we are all sceptical to each other anyway.

I've got a question for discussion though, judging by your experience, what do you think is your company's draw factor for talented young graduates compared to top IBs like Deutsch, CS, MS, JPM etc ?

I mean, because you said your company wanted talents from the likes of Wharton - I suppose talent from unis like that would've been more than qualified for those international IBs, earning probably triple your stated salary here, and gain exposures that local IBs simply cannot provide..
masamura
post Jun 25 2012, 11:20 PM

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ex-CF.

Portfolio:-
Ivory Group Berhad
Sozo Global Limited
SIG Gases Berhad
+2 more approved but didn't go through with listing

Other Exercises:-

Countless bonus issues

RTO:-
Sindora Berhad (but fell through due to delisting option)

70k won't cut it for me though smile.gif

Interested?

TSIBank BeanBag
post Jun 25 2012, 11:56 PM

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QUOTE(atlantiz0 @ Jun 25 2012, 10:46 PM)
i have this urge to just try my luck and see where I stand in your perceived 'standard' of current gen employees ... then again, I'm kinda amused by the possibility that you might be just simply trolling. Haha. pardon me yea .. its an online world where we are all sceptical to each other anyway.

I've got a question for discussion though, judging by your experience, what do you think is your company's draw factor for talented young graduates compared to top IBs like Deutsch, CS, MS, JPM etc ?

I mean, because you said your company wanted talents from the likes of Wharton - I suppose talent from unis like that would've been more than qualified for those international IBs, earning probably triple your stated salary here, and gain exposures that local IBs simply cannot provide..
*
QUOTE(IFR ECM Daily @ Jun 25 2012, 10:46 PM)
China Nonferrous Mining Corp postponed its Hong Kong IPO of up to HK$2.44bn (US$313m), due to worsening market conditions.

The company, which had originally planned to close books on May 24, last week decided to extend its bookbuilding process.

The postponement comes after China Yongda Automobiles Services scrapped its proposed Hong Kong IPO of up to HK$3.37bn (US$433m) on Monday.
CNMC, a copper producer with operations in Zambia, had planned to sell 870m shares at an indicative price range of HK$2.10–$2.80 each, representing a 2012 P/E of 6.0–7.9.

Three cornerstone investors had agreed to take up about US$70m of the float. Cosco and Wise Pine were to subscribe to US$30m each, and China Railway Construction to US$10m.

ABC International, CICC, JP Morgan and UBS were the leads on CNMC’s transaction.


XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

China Yongda Automobiles Services has decided not to proceed with its proposed Hong Kong IPO of up to HK$3.37bn (US$433m), due to the deteriorating market conditions. Last week, the company decided to extend the bookbuilding to May 28.

The auto dealer was to sell 312.2m shares, or about 20% of its enlarged capital, at an indicative price range of HK$7.60–$10.80, representing a 2012 P/E of 8.1–11.5.
HSBC and UBS were the joint global co-ordinators and joint bookrunners on the deal with BoCom International.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

China Great Wall Electric has delayed the roadshow for its proposed Hong Kong IPO of around US$100m. The company had initially planned to open the books on April 23 and price the deal on April 30.

Credit Suisse and Guotai Junan Securities (Hong Kong) are handling the transaction.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Hong Kong-listed China Communications Construction finally launched its long-awaited Shanghai IPO, after slashing its fundraising size by 75% to Rmb5bn (US$793m). According to sources, the decision to slash the deal size was due to pressure from regulators. CCC first announced plans for a Shanghai listing at the end of 2010 with the goal of raising up to Rmb20bn at the time, but the offering was delayed due to market volatility.

Pricing is slated for two days later. BOC International (China) and Guotai Junan Securities are joint sponsors, and lead bookrunners with Citic Securities. Zhong De Securities, Goldman Sachs Gao Hua Securities and UBS Securities are joint bookrunners.


Foreign IB beat us in two seconds flat. We have no way of fighting them at good markets, but currently they can't even pull equity deals through.

I probably may not be able to retain them long. Instead of going to back office, why not come to smaller house that also do US$500 million IPOs?


Added on June 25, 2012, 11:59 pm
QUOTE(masamura @ Jun 25 2012, 11:20 PM)
ex-CF.

Portfolio:-
Ivory Group Berhad
Sozo Global Limited
SIG Gases Berhad
+2 more approved but didn't go through with listing

Other Exercises:-

Countless bonus issues

RTO:-
Sindora Berhad (but fell through due to delisting option)

70k won't cut it for me though smile.gif

Interested?
*
I am not keen, I dun need CF experience, thus not paying for it.

CF is keen though, if your markets reputation is good. AmInvestmentBank is not cowboy vs smaller name.

This post has been edited by IBank BeanBag: Jun 25 2012, 11:59 PM
atlantiz0
post Jun 26 2012, 12:36 AM

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hmm.. your reply surprised me a little, I must say.

I've thought of joining either smaller boutique fund houses and find my way into bigger IBs- but haven't actually spared a thought on .. something that's in between, i.e. like your bank vs. the international IBs.

hehe ... is the job challenging? If you are paying 70K, aren't you at a disadvantage compared to CIMB investment? They seem to be able to offer more- in terms of exposures, learning supports and pay/benefits, no?

Mind share on a little bit on the culture of the ECM team in your bank?
TSIBank BeanBag
post Jun 26 2012, 12:52 AM

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Quote FAQ 1: Y not CIMB ECM

You may ask, should you even be bothered to join your cap palang ECM in this case, why not CIMB. My answer would be if you could find a vacancy there, by all means. If there is no opening at ECM at Maybank and CIMB, you can wait up to two years and you still would not be in. So, here we present an opportunity for direct hiring into decent ECM house, right now.

CIMB also offer you the base pay of RM36k. By the time you hear from CIMB, I have probably filled my ECM vacancies.


Added on June 26, 2012, 12:54 amRushing work, quick answers:

We are all perfectionists here, and we do not associate ourselves with failure. At here, the only thing you have to worry is that whether you will be survive the hyper steep learning curve, but not whether you will feel bored.

Is very much up or out here.

This post has been edited by IBank BeanBag: Jun 26 2012, 12:54 AM
seantang
post Jun 26 2012, 07:19 AM

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Are these little outfits of local banks even considered investment banks?
Sesshoumaru
post Jun 26 2012, 07:22 AM

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QUOTE(seantang @ Jun 26 2012, 07:19 AM)
Are these little outfits of local banks even considered investment banks?
*
Sure they are. Why not?
seantang
post Jun 26 2012, 08:11 AM

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QUOTE(Sesshoumaru @ Jun 26 2012, 07:22 AM)
Sure they are. Why not?
*
I was wondering because none of the investment bankers I've met so far in Singapore considers RHB, CIMB, MBB or for that matter DBS, OCBC or UOB as their peers in the ASEAN context. They are still considered retail banks with little ill staffed outfits that are only capable of feeding off the leftovers.

Well, at least that was their vehement position.
Sesshoumaru
post Jun 26 2012, 08:30 AM

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QUOTE(seantang @ Jun 26 2012, 08:11 AM)
I was wondering because none of the investment bankers I've met so far in Singapore considers RHB, CIMB, MBB or for that matter DBS, OCBC or UOB as their peers in the ASEAN context. They are still considered retail banks with little ill staffed outfits that are only capable of feeding off the leftovers.

Well, at least that was their vehement position.
*
Then that is their perception on an asean level. For all intent purposes, the outfits are deemed investment banks albeit for local coverage. Foreign banks ib outfits are ill placed to compete against the local banks... lacking the balance sheet and what I possibly guess support from bnm. I understand where you are coming from though , although it does sound condecending. Put it this way - its not uncommon for us in the local scene to approach the sg banks for really simple back to back products.
fletcherwind
post Jun 26 2012, 10:56 AM

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QUOTE(Sesshoumaru @ Jun 26 2012, 08:30 AM)
Then that is their perception on an asean level. For all intent purposes, the outfits are deemed investment banks albeit for local coverage. Foreign banks ib outfits are ill placed to compete against the local banks... lacking the balance sheet and what I possibly guess support from bnm. I understand where you are coming from though , although it does sound condecending. Put it this way - its not uncommon for us in the local scene to approach the sg banks for really simple back to back products.
*
Very very true. Within Msia, the foreign CF outfits are very small. Most of them assume advisory roles. They might have better skills but local deals are mostly going to the domestic houses. But having said that, if you could get into a foreign house, you should. 1) exposure is better, 2) brand name is better.

For equities research, the foreign houses are doing well because they could offer regional views better. The local banks are playing catchup on this. But CIMB, Maybank and some other smaller players are respected for their closer to ground coverage on individual companeis.

For treasury, fixed income and FX, foreign houses own a decent market share here.

For asset management, foreign houses dominate the regional and global mandates. Local houses are still favored for domestic mandates because they are closer to market.
Drian
post Jun 26 2012, 01:14 PM

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So right now there's no supply but there's demand, shouldn't your company increase the salary to attract the people that they want?

TSIBank BeanBag
post Jun 26 2012, 07:00 PM

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QUOTE(Drian @ Jun 26 2012, 01:14 PM)
So right now there's no supply but there's demand, shouldn't your company increase the salary to attract the people that they want?
*
Increase to what price? RM7k basic for junior?

Increasing too much I might as well get experienced guy or poach from CF desks?

The art is to create supply, not to keep increasing price. My side only needs 2, CF side needs 3. So, no need so desperate. Just that it is frustrating.


Added on June 26, 2012, 7:03 pm
QUOTE(seantang @ Jun 26 2012, 08:11 AM)
I was wondering because none of the investment bankers I've met so far in Singapore considers RHB, CIMB, MBB or for that matter DBS, OCBC or UOB as their peers in the ASEAN context. They are still considered retail banks with little ill staffed outfits that are only capable of feeding off the leftovers.

Well, at least that was their vehement position.
*
Yes, we are a small bank. However, just in case you find problem squeezing into bulge bracket, we can work out something for you.

This post has been edited by IBank BeanBag: Jun 26 2012, 07:03 PM
Drian
post Jun 27 2012, 10:31 AM

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QUOTE(IBank BeanBag @ Jun 26 2012, 07:00 PM)
Increase to what price? RM7k basic for junior?

Increasing too much I might as well get experienced guy or poach from CF desks?

The art is to create supply, not to keep increasing price. My side only needs 2, CF side needs 3. So, no need so desperate. Just that it is frustrating.
Then why don't you guys do that then?

TSIBank BeanBag
post Jun 27 2012, 01:57 PM

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QUOTE(Drian @ Jun 27 2012, 10:31 AM)
Then why don't you guys do that then?
*
Doing it, but just that the results may not be immediate.

Thus, my frustration of not able to get people who have good degree, good english, analytical skills and read financial statements.

Ppl just want to send me CV and try for an interview, but not ready for it. To be in IB, u r expected to have knowledge that can withstand the test. Engineering or not, no excuse.

So for now, still evaluating some candidates but waiting to look into others.


Added on June 29, 2012, 2:34 amSianz... When will talents come?

This post has been edited by IBank BeanBag: Jun 29 2012, 02:34 AM
SUSMaterazzi
post Jun 29 2012, 07:08 PM

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QUOTE(IBank BeanBag @ Jun 27 2012, 01:57 PM)
Doing it, but just that the results may not be immediate.

Thus, my frustration of not able to get people who have good degree, good english, analytical skills and read financial statements.

Ppl just want to send me CV and try for an interview, but not ready for it. To be in IB, u r expected to have knowledge that can withstand the test. Engineering or not, no excuse.

So for now, still evaluating some candidates but waiting to look into others.


Added on June 29, 2012, 2:34 amSianz... When will talents come?
*
people from big 4 should pass ur requirement. trust me
KhiRai
post Jun 29 2012, 07:31 PM

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I seriously doubt that when you said 'people from big 4 should pass ur requirement'. I honestly don't think so. I don't think it is that hard to get into big 4 considering the fact that audit firms are always lack of staff, and the high turnover rate. And people who wants to be in IB and has got what it takes to be in IB, he/she will apply for IB and get himself/herself the job there.
eric.liew
post Jul 8 2012, 02:46 AM

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QUOTE(IBank BeanBag @ Jun 27 2012, 01:57 PM)
Doing it, but just that the results may not be immediate.

Thus, my frustration of not able to get people who have good degree, good english, analytical skills and read financial statements.

Ppl just want to send me CV and try for an interview, but not ready for it. To be in IB, u r expected to have knowledge that can withstand the test. Engineering or not, no excuse.

So for now, still evaluating some candidates but waiting to look into others.


Added on June 29, 2012, 2:34 amSianz... When will talents come?
*
Hye I saw this job in jobstreet too ler after I search from lowyat. Can give me a try as I'm fresh graduate from Northern University of Malaysia UUM

here's are the core course that I attended :
• Risk Management
• Financial Risk Management
• Investment Analysis
• Financial Modeling
• Basic Econometric
• International Finance
• Corporate Finance
• Personal Finance
• Strategic Management
• Financial Management I/II
• Macroeconomic
• Microeconomic

result for those unrelated subjects such as Malaysia's study not good but most of the finance related subject I able to score an A or B+ smile.gif
Read CNBC Bloomberg watch Reuters Insider almost every because i'm really love financial things : )
if you're interest in my resume pls provide me your email: )
TSIBank BeanBag
post Aug 15 2012, 12:48 AM

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QUOTE(eric.liew @ Jul 8 2012, 02:46 AM)
Hye I saw this job in jobstreet too ler after I search from lowyat. Can give me a try as I'm fresh graduate from Northern University of Malaysia UUM

here's are the core course that I attended :
• Risk Management
• Financial Risk Management
• Investment Analysis
• Financial Modeling
• Basic Econometric
• International Finance
• Corporate Finance
• Personal Finance
• Strategic Management
• Financial Management I/II
• Macroeconomic
• Microeconomic

result for those unrelated subjects such as Malaysia's study not good but most of the finance related subject I able to score an A or B+  smile.gif 
Read CNBC Bloomberg watch Reuters Insider almost every because i'm really love financial things : )
if you're interest in my resume pls provide me your email: )
*
I seems to offered you an interview before. pls tell me if i have not. every1 deserve a chance. it will be 2 mins or 20 mins or 2 hours only
cutejams2004
post Aug 15 2012, 11:38 AM

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I am willing to go for an interview. Wether I embarrass myself or not is another story, but it is nice to take up the challenge.
kitkit88
post Aug 15 2012, 11:57 AM

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i'm willing to for interview as well. I'm ACCA affliate and took finance paper as optional paper. Other than that, i m currently working in Big 4 for 3 years to date and my current position is an audit senior.
z21j
post Aug 15 2012, 01:17 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:35 PM)
hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh  grad, interview until i pusing...
where r good ppl?

willing to pay also canot find  cry.gif  cry.gif  cry.gif
*
How would you define good people? Those can work one will definitely ask for super damn high salary and in the end you will prefer to hire two personnel which are above average.

I prefer the later. Human capital need training. Dont be so selective.
hochimama
post Aug 15 2012, 01:43 PM

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Am willing to give a try as a business information system student, do you provide trainings ?

ArSe-SeNG
post Aug 15 2012, 05:39 PM

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QUOTE(in out in out in out @ Aug 15 2012, 05:27 PM)
I really hope someone who has gone for this joker's interview tell their experience. This guy sounds more like a joker than a serious employer.
*
To be fair to TS, I actually know someone who knows him. He is genuine. Hope that clarifies.
TSIBank BeanBag
post Aug 19 2012, 08:05 PM

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QUOTE(cutejams2004 @ Aug 15 2012, 11:38 AM)
I am willing to go for an interview. Wether I embarrass myself or not is another story, but it is nice to take up the challenge.
*
Send me your CV.. text in PM will do as well... we can have a call to discuss


Added on August 19, 2012, 8:18 pm
QUOTE(ArSe-SeNG @ Aug 15 2012, 05:39 PM)
To be fair to TS, I actually know someone who knows him.  He is genuine. Hope that clarifies.
*
Thanks for help. I could be an arsehole but genuinely hiring. Workflow so well that now need to hire 3 fresh grads and two interns.


Added on August 19, 2012, 8:19 pm
QUOTE(kitkit88 @ Aug 15 2012, 11:57 AM)
i'm willing to for interview as well. I'm ACCA affliate and took finance paper as optional paper. Other than that, i m currently working in Big 4 for 3 years to date and my current position is an audit senior.
*
Send me ur CV


Added on August 19, 2012, 8:22 pm
QUOTE(z21j @ Aug 15 2012, 01:17 PM)
How would you define good people? Those can work one will definitely ask for super damn high salary and in the end you will prefer to hire two personnel which are above average.

I prefer the later. Human capital need training. Dont be so selective.
*
I just need 3 good fresh grads and 2 good interns... How good a fresh grad is that they can ask 5k?

+ our increments can be really good for good ppl

This post has been edited by IBank BeanBag: Aug 19 2012, 08:22 PM
mercury8400
post Aug 20 2012, 09:06 AM

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QUOTE(Sesshoumaru @ Jun 26 2012, 08:30 AM)
Then that is their perception on an asean level. For all intent purposes, the outfits are deemed investment banks albeit for local coverage. Foreign banks ib outfits are ill placed to compete against the local banks... lacking the balance sheet and what I possibly guess support from bnm. I understand where you are coming from though , although it does sound condecending. Put it this way - its not uncommon for us in the local scene to approach the sg banks for really simple back to back products.
*
The skill for foreign IB is NOT to tap into their own Balance Sheet but to get other sucker Asian banks to participate and where they could scheme off a huge fee and then walk away! I've seen this numerous times in SG covering SEA and Australia. The Goldmans of the world will do the necessary work then either get local banks to participate or underwrite then sell down to other sucker asian banks while scheming a big fee. All the money less of the risk.


Added on August 20, 2012, 9:09 am
QUOTE(IBank BeanBag @ Jun 27 2012, 01:57 PM)
Doing it, but just that the results may not be immediate.

Thus, my frustration of not able to get people who have good degree, good english, analytical skills and read financial statements.

Ppl just want to send me CV and try for an interview, but not ready for it. To be in IB, u r expected to have knowledge that can withstand the test. Engineering or not, no excuse.

So for now, still evaluating some candidates but waiting to look into others.


Added on June 29, 2012, 2:34 amSianz... When will talents come?
*
Dude, recruiting talented people in Malaysia is like trying to find a needle in a haystack!
The really good ones are already overseas.
The ones that remain are average at best.
Sure, there are 1 or 2 exceptional ones, but it's mighty difficult to find even with your above average pay package!


This post has been edited by mercury8400: Aug 20 2012, 09:09 AM
Chisinlouz
post Aug 20 2012, 12:12 PM

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Dear TS,

i read whole topic, finding a ppl u want is hard..

good luck.
bigturtle89
post Aug 21 2012, 03:15 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 08:57 PM)
Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through
*
This post has been edited by bigturtle89: Aug 21 2012, 03:21 PM
LuisaLui
post Aug 21 2012, 10:26 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 07:57 PM)
Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through
*
I never saw this post. I fail in four elements that you state out. Wahahaha. But, I am quite well in software.


Added on August 21, 2012, 10:28 pm
QUOTE(Materazzi @ Jun 29 2012, 07:08 PM)
people from big 4 should pass ur requirement. trust me
*
rclxms.gif

This post has been edited by LuisaLui: Aug 21 2012, 10:28 PM
Shinden9
post Aug 25 2012, 12:03 AM

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I have read some of the posts here and cant help myself from giving my honest opinion.

I have been working in a local IB for the past few years. All I can say is IBs never recruit from any forum, lowyat, etc.

For those who desperately wants to enter top tier IBs, unless you are a datuks' son or daughters or graduated from prestigious unis, go equip yourself with the necessary work experience or qualification first before applying. Then go harass the IBs hr dept or get someone from inside to recommend u. After that, it's just a matter of luck.
SUSMaterazzi
post Aug 25 2012, 01:12 AM

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QUOTE(Shinden9 @ Aug 25 2012, 12:03 AM)
I have read some of the posts here and cant help myself from giving my honest opinion.

I have been working in a local IB for the past few years. All I can say is IBs never recruit from any forum, lowyat, etc.

For those who desperately wants to enter top tier IBs, unless you are a datuks' son or daughters or graduated from prestigious unis, go equip yourself with the necessary work experience or qualification first before applying. Then go harass the IBs hr dept or get someone from inside to recommend u. After that, it's just a matter of luck.
*
Once i accumulated experience, i wont bother to apply to ib since i will not consider a pay cut and i want to focus on my family.
TSIBank BeanBag
post Aug 25 2012, 02:35 AM

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QUOTE(Shinden9 @ Aug 25 2012, 12:03 AM)
I have read some of the posts here and cant help myself from giving my honest opinion.

I have been working in a local IB for the past few years. All I can say is IBs never recruit from any forum, lowyat, etc.

For those who desperately wants to enter top tier IBs, unless you are a datuks' son or daughters or graduated from prestigious unis, go equip yourself with the necessary work experience or qualification first before applying. Then go harass the IBs hr dept or get someone from inside to recommend u. After that, it's just a matter of luck.
*
Funny enough. We just recruited two from this forum alone.

Unless u r cimb, mayb u can come and laugh at my bank. In any case, I am still tier 1 IB.

Is about getting creative and deliver results, I only care about getting the right person, not the methods.

Yes, I recruited very good ppl (ranked uni) from Low Yat to work at IB front office. and i still want to hire 1 more fresh grad.

so what? u want to come to my office for interview now?

if you have honest opinion, u dun need a new account to give just that opinion.

This post has been edited by IBank BeanBag: Aug 25 2012, 02:36 AM
Shinden9
post Aug 25 2012, 08:58 AM

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QUOTE(Materazzi @ Aug 25 2012, 01:12 AM)
Once i accumulated experience, i wont bother to apply to ib since i will not consider a pay cut  and i want to focus on my family.
*
U don't need a pay cut if u join top tier IBs.


Added on August 25, 2012, 9:23 am
QUOTE(IBank BeanBag @ Aug 25 2012, 02:35 AM)
Funny enough. We just recruited two from this forum alone.

Unless u r cimb, mayb u can come and laugh at my bank. In any case, I am still tier 1 IB.

Is about getting creative and deliver results, I only care about getting the right person, not the methods.

Yes, I recruited very good ppl (ranked uni) from Low Yat to work at IB front office. and i still want to hire 1 more fresh grad.

so what? u want to come to my office for interview now?

if you have honest opinion, u dun need a new account to give just that opinion.
*
I am just giving my opinion. No need to get defensive.
Tier 1 IB? That's a valid point 10 yrs ago.
Interview? No thanks. Maybe I'll accept the initial offer to come and laugh at u instead.




This post has been edited by Shinden9: Aug 25 2012, 09:23 AM
kinwing
post Aug 25 2012, 04:02 PM

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QUOTE(Shinden9 @ Aug 25 2012, 08:58 AM)
U don't need a pay cut if u join top tier IBs.


Added on August 25, 2012, 9:23 am

I am just giving my opinion. No need to get defensive.
Tier 1 IB? That's a valid point 10 yrs ago.
Interview? No thanks. Maybe I'll accept the initial offer to come and laugh at u instead.
*
In my opinion and in accordance to my years of working experience in IBs, there are only 3 tier 1 local IBs, i.e. CIMB, Maybank and AmBank, and the rest are tier 2 or even tier 3, not to mention the lowest should be those converted from universal brokers. RHB used to be tier 1, now should be tier 2.

This post has been edited by kinwing: Aug 25 2012, 04:03 PM
TSIBank BeanBag
post Aug 25 2012, 07:37 PM

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QUOTE(kinwing @ Aug 25 2012, 04:02 PM)
In my opinion and in accordance to my years of working experience in IBs, there are only 3 tier 1 local IBs, i.e. CIMB, Maybank and AmBank, and the rest are tier 2 or even tier 3, not to mention the lowest should be those converted from universal brokers. RHB used to be tier 1, now should be tier 2.
*
You must have worked too long in the industry and too busy to not notice where AmBank is now.

As long as ECM is concerned, Ambank cannot claim to be Tier 1 but RHB can.

A simple guide would be whether the bank would secure any bookrunning role in the equity transactions.

This post has been edited by IBank BeanBag: Aug 25 2012, 07:38 PM
mercury8400
post Aug 25 2012, 08:03 PM

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QUOTE(IBank BeanBag @ Aug 25 2012, 02:35 AM)
Funny enough. We just recruited two from this forum alone.

Unless u r cimb, mayb u can come and laugh at my bank. In any case, I am still tier 1 IB.

Is about getting creative and deliver results, I only care about getting the right person, not the methods.

Yes, I recruited very good ppl (ranked uni) from Low Yat to work at IB front office. and i still want to hire 1 more fresh grad.

so what? u want to come to my office for interview now?

if you have honest opinion, u dun need a new account to give just that opinion.
*
There are no tier 1 IB in Malaysia.
All, including CIMB, is tier 3 at best.

The tier 1 are those goldman and morgan stanleys of the world.
Those co only have offices in Singapore and not Malaysia.
TSIBank BeanBag
post Aug 25 2012, 08:21 PM

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QUOTE(mercury8400 @ Aug 25 2012, 08:03 PM)
There are no tier 1 IB in Malaysia.
All, including CIMB, is tier 3 at best.

The tier 1 are those goldman and morgan stanleys of the world.
Those co only have offices in Singapore and not Malaysia.
*
Tier 1 local IB


Added on August 25, 2012, 8:22 pmanyway, the case remains, I have one to two vacancies for fresh graduates to fill up

This post has been edited by IBank BeanBag: Aug 25 2012, 08:22 PM
mirinda100
post Aug 25 2012, 08:51 PM

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QUOTE(IBank BeanBag @ Aug 25 2012, 08:21 PM)
Tier 1 local IB


Added on August 25, 2012, 8:22 pmanyway, the case remains, I have one to two vacancies for fresh graduates to fill up
*
how to define the tier?
chabalang
post Aug 25 2012, 09:28 PM

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QUOTE(kinwing @ Aug 25 2012, 04:02 PM)
In my opinion and in accordance to my years of working experience in IBs, there are only 3 tier 1 local IBs, i.e. CIMB, Maybank and AmBank, and the rest are tier 2 or even tier 3, not to mention the lowest should be those converted from universal brokers. RHB used to be tier 1, now should be tier 2.
*
I don't know what is considered Tier 1 or 2 IB. All I know is that RHB-OSK merger will create the largest investment bank (by assets) and the biggest stockbroking firm in Malaysia (the pole position may be fluid depending how the integration process is managed) when the merger is completed.

http://www.theedgemalaysia.com/highlights/...hb-osk-ib-.html

Of course, in M'sia - CIMB is commonly-regarded as the leader in local IB scene. One cannot compare local IBs with foreign bulge-bracket IBs as they do not have IB operations such as CF/ECM/etc in Msia (due to "protectionism") with staff based full-time in M'sia, but a few of them have some securities/research activities locally. Please note the winds of change is re-shaping the global finance scene...Asian banks are going to benefit from the Western countries' woes and you will see the changes in the next decade or so.

This post has been edited by chabalang: Aug 25 2012, 09:34 PM
PhakFuhZai
post Aug 26 2012, 02:41 PM

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I wish to ask TS some questions

-Why working excessively long hours is a norm in IB? Can't the management just increase the headcount even if it's just contract position to reduce the workload distribution per person

-Is TS still working ~100 hours per week currently? Your posts seems that you are enjoying what you are doing

-Do you or your colleagues have any health issues which is the consequence of working excessively long hours?
john123x
post Aug 26 2012, 02:44 PM

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malaysia got lots of qualified peoples, but the problem is the HR interviewers are the unqualified OL thats likes to involves in office politics...
even_steven
post Aug 26 2012, 02:53 PM

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Is training provided for this job?
mercury8400
post Aug 26 2012, 03:02 PM

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QUOTE(chabalang @ Aug 25 2012, 09:28 PM)
I don't know what is considered Tier 1 or 2 IB. All I know is that RHB-OSK merger will create the largest investment bank (by assets) and the biggest stockbroking  firm in Malaysia  (the pole position may be fluid depending how the integration process is managed) when the merger is completed.

http://www.theedgemalaysia.com/highlights/...hb-osk-ib-.html

Of course, in M'sia - CIMB is commonly-regarded as the leader in local IB scene. One cannot compare local IBs with foreign bulge-bracket IBs as they do not have IB operations such as CF/ECM/etc in Msia (due to "protectionism") with staff based  full-time in M'sia,  but a few of them have some securities/research activities locally. Please note the winds of change is re-shaping the global finance scene...Asian banks are going to benefit from the Western countries' woes and you will see the changes in the next decade or so.
*
RHB-OSK merger the largest investment bank (by assets) ? - Dude, Investment banks don't have big assets. Thier asseets are entirely made up of employees and furinture & fittings. That's it.

Asian Banks are still suckers to the Goldman and Morgan Stanleys of the world.
Simply becuase those banks have the capacity to pay bulge bracket pay to hire the brightest talents, while the local banks are just feeding on scraps or people who these bulge bracket investment banks reject.


Added on August 26, 2012, 3:04 pm
QUOTE(PhakFuhZai @ Aug 26 2012, 02:41 PM)
I wish to ask TS some questions

-Why working excessively long hours is a norm in IB? Can't the management just increase the headcount even if it's just contract position to reduce the workload distribution per person

-Is TS still working ~100 hours per week currently? Your posts seems that you are enjoying what you are doing

-Do you or your colleagues have any health issues which is the consequence of working excessively long hours?
*
If you can't work late, forget about working in the banking sector. period. let alone investment banking.
It's the nature of the job. There is a reason why banks (investment or commercial) pays alot of in terms of salary and bonus compared to other sectors and its NOT for you to go home at 6.00p.m. sharp.

This post has been edited by mercury8400: Aug 26 2012, 03:04 PM
TSIBank BeanBag
post Aug 26 2012, 04:37 PM

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QUOTE(PhakFuhZai @ Aug 26 2012, 02:41 PM)
I wish to ask TS some questions

-Why working excessively long hours is a norm in IB? Can't the management just increase the headcount even if it's just contract position to reduce the workload distribution per person

-Is TS still working ~100 hours per week currently? Your posts seems that you are enjoying what you are doing

-Do you or your colleagues have any health issues which is the consequence of working excessively long hours?
*
1. Cos good ppl r really hard to find. Even contract staff cannot be filled easily. If any, I think a concierge/maid service would help to reduce the downtime or less productive time.

2. Yes, this week seems to be 100 hours.

3. Non actually died from that.

m33p
post Aug 26 2012, 06:35 PM

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Transaction Banking I believe refers to Commercial banking not Investment bank correct ? (however, CIMB parks it under their Investment arm. Not sure why)

What kind of bonuses banks generally provide in transaction banking (Product Development) ? Can please provide a range?

chabalang
post Aug 26 2012, 10:11 PM

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QUOTE(mercury8400 @ Aug 26 2012, 03:02 PM)
RHB-OSK merger the largest investment bank (by assets) ? - Dude, Investment banks don't have big assets. Thier asseets are entirely made up of employees and furinture & fittings. That's it.

Asian Banks are still suckers to the Goldman and Morgan Stanleys of the world.
Simply becuase those banks have the capacity to pay bulge bracket pay to hire the brightest talents, while the local banks are just feeding on scraps or people who these bulge bracket investment banks reject.
Normally, I would not bother to respond but there is a need to clarify "Thier asseets are entirely made up of employees and furinture & fittings. That's it.". If IBs only have employees and furniture & fittings as their assets, the sub-prime crisis in 2008 will have much smaller impact or "may not even happen at all" (I do not wish to dabble into the leveraging part and repeal of Glass-Steagall Act)

Please check the following links: http://ycharts.com/companies/GS/assets and http://ycharts.com/companies/MS/assets. GS - nearly USD1 trillion and MS -USD749 billion of assets as at 2Q12 (btw, staff are not part of balance sheet). Yes, talents are KEY in IBs but size and scale DO matter. IB work is not only pure advisory work - there are other aspects of IB operations that require capital & $$$l.

As for your "bashing" of the local IBs, I am just wondering whether are you currently working or have worked in investment banking? Of course, local IBs do not have the global outreach of foreign IBs but Msia local big IBs are NOT bad as you make them sound (do you know how much CIMB and MayBank (under TZ) are paying for senior staff/ top performers?) Do you know which IBs are the global coordinators and book runners for the world's second and third largest IPOs in 2012 (until July 2012)? Yes, you may call them "jaguh kampung" but Msia IBs are not too bad on an Asean scale... it will take time to build up, at least I can see them up and coming in the Asean region.

If TS is genuinely offering an opportunity, why not? (even though I do not endorse 100-hour week) Not everyone can get the opportunity to get into bulge bracket IBs and the opportunity is even rarer in Msia (BTW, GS does an office in Msia at Menara Maxis since it has fund mgt/corporate finance advisory license in Msia but most of the deals in the region are still done from Spore and HK).

This post has been edited by chabalang: Aug 26 2012, 10:21 PM
pentel
post Aug 26 2012, 10:21 PM

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QUOTE(chabalang @ Aug 26 2012, 10:11 PM)
Normally, I would not bother to respond but there is a need to clarify "Thier asseets are entirely made up of employees and furinture & fittings. That's it.". If IBs only have employees and furniture & fittings as their assets, the sub-prime crisis in 2008 will have much smaller impact or "may not even happen at all" (I do not wish to dabble into the leveraging part and repeal of Glass-Steagall Act)

Please check the following links: http://ycharts.com/companies/GS/assets and http://ycharts.com/companies/MS/assets. GS - nearly USD1 trillion  and MS -USD749 billion of assets as at 2Q12 (btw, staff are not part of balance sheet). Yes, talents are KEY in IBs but size and scale DO matter. IB work is not only pure advisory work - there are other aspects that require capital & $$$  which can make or break a deal.

*
not quite true.

yes, i agree that advisory work requires capital. However, for the case of local IBs, they are usually a subsidiary of a banking group, therefore these IB subsidiaries can tap on the banking group's balance sheet. For example, to fund an M&A transaction, the IB subsidiary usually do not provide funding, but will be funded by the banking group itself. thus, usually for local IB, they don't have big balance sheet.


Added on August 26, 2012, 10:24 pm
QUOTE(chabalang @ Aug 26 2012, 10:11 PM)
As for your "bashing" of the local IBs, I am just wondering whether are you currently working or have worked in investment banking? Of course, local IBs do not have the global outreach of foreign IBs but Msia local big IBs are NOT bad as you make them sound (do you know how much CIMB and MayBank (under TZ) are paying for senior staff/ top performers?) Do you know which IBs are the global coordinators and book runners for the world's second and third largest IPOs in 2012 (until July 2012)? Yes, you may call them "jaguh kampung" but Msia IBs are not too bad on an Asean scale... it will take time to build up, at least I can see them up and coming in the Asean region.

If TS is genuinely offering an opportunity, why not? (even though I do not endorse 100-hour week) Not everyone can get the opportunity to get into bulge bracket IBs and the opportunity is even rarer in Msia (BTW, GS does an office in Msia at Menara Maxis since it has fund mgt/corporate finance advisory license in Msia but most of the deals in the region are still done from Spore and HK).
*
yup, totally agree


Added on August 26, 2012, 10:40 pm
QUOTE(PhakFuhZai @ Aug 26 2012, 02:41 PM)
I wish to ask TS some questions

-Why working excessively long hours is a norm in IB? Can't the management just increase the headcount even if it's just contract position to reduce the workload distribution per person

-Is TS still working ~100 hours per week currently? Your posts seems that you are enjoying what you are doing

*
unlike most businesses, IB transactions are usually non-recurring deals - e.g. a company can only ipo once, and it is high dependent on the capital market. therefore, there can be period where there's nothing in the pipeline, and do not need that much headcount. however, when deals happen, and in many cases clients would push for tight deadline, then the I-Bankers need to work long hours to meet the deadline. in the short timeframe, it will be difficult to hire new ppl immediately.

from my experience, 100h / week is not uncommon, but doesn't happen throughout the year. it happens during peak period, e.g. when there are big deals coming in. it's a good sign though - means can expect big bonus the following year icon_rolleyes.gif


This post has been edited by pentel: Aug 26 2012, 10:40 PM
chabalang
post Aug 26 2012, 11:07 PM

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QUOTE(pentel @ Aug 26 2012, 10:21 PM)
not quite true.

yes, i agree that advisory work requires capital. However, for the case of local IBs, they are usually a subsidiary of a banking group, therefore these IB subsidiaries can tap on the banking group's balance sheet. For example, to fund an M&A transaction, the IB subsidiary usually do not provide funding, but will be funded by the banking group itself. thus, usually for local IB, they don't have big balance sheet.
Yes, I agree with your point (at least I know that you are well aware of IB operations). Local IBs tend to "piggy back" on the whole financial group's balance sheet. That's why OSK need to merge with RHB to ride on RHB Capital balance sheet. Yes, local IBs' balance sheets are relatively Small compared to their commercial banking arm but they are still in billions. The purpose for my two earlier posts was to show that asset size (either on IB standalone or as a group) do play a part, and RHB with OSK will not be small in M'sia and will have better regional outreach.
pentel
post Aug 26 2012, 11:29 PM

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QUOTE(chabalang @ Aug 26 2012, 11:07 PM)
Yes, I agree with your point (at least I know that you are well aware of IB operations). Local IBs tend to "piggy back" on the whole financial group's balance sheet. That's why OSK need to merge with RHB to ride on RHB Capital balance sheet. Yes, local IBs' balance sheets are relatively Small compared to their commercial banking arm but they are still in billions. The purpose for my two earlier posts was to show that asset size (either on IB standalone or as a group) do play a part, and RHB with OSK will not be small in M'sia and will have better regional outreach.
*
Yup, agreed. personally i think it's a good fit. OSK lacks balance sheet while RHB needs regional presence, especially in the ASEAN region where the local banks are expanding aggressively. best case in point - CIMB. think they have presence is almost all the ASEAN countries

the more interesting part of the merger is the integration process itself - where i presume 2 banks will have quite a different culture. perhaps Ts can gives us some color on this. brows.gif



mercury8400
post Aug 27 2012, 07:16 PM

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QUOTE(chabalang @ Aug 26 2012, 10:11 PM)
Normally, I would not bother to respond but there is a need to clarify "Thier asseets are entirely made up of employees and furinture & fittings. That's it.". If IBs only have employees and furniture & fittings as their assets, the sub-prime crisis in 2008 will have much smaller impact or "may not even happen at all" (I do not wish to dabble into the leveraging part and repeal of Glass-Steagall Act)

Please check the following links: http://ycharts.com/companies/GS/assets and http://ycharts.com/companies/MS/assets. GS - nearly USD1 trillion  and MS -USD749 billion of assets as at 2Q12 (btw, staff are not part of balance sheet). Yes, talents are KEY in IBs but size and scale DO matter. IB work is not only pure advisory work - there are other aspects of IB operations that require capital & $$$l.

As for your "bashing" of the local IBs, I am just wondering whether are you currently working or have worked in investment banking? Of course, local IBs do not have the global outreach of foreign IBs but Msia local big IBs are NOT bad as you make them sound (do you know how much CIMB and MayBank (under TZ) are paying for senior staff/ top performers?) Do you know which IBs are the global coordinators and book runners for the world's second and third largest IPOs in 2012 (until July 2012)? Yes, you may call them "jaguh kampung" but Msia IBs are not too bad on an Asean scale... it will take time to build up, at least I can see them up and coming in the Asean region.

If TS is genuinely offering an opportunity, why not? (even though I do not endorse 100-hour week) Not everyone can get the opportunity to get into bulge bracket IBs and the opportunity is even rarer in Msia (BTW, GS does an office in Msia at Menara Maxis since it has fund mgt/corporate finance advisory license in Msia but most of the deals in the region are still done from Spore and HK).
*
I've never worked in or with local IBs in M'sia.
I'm currently working with (not for) international IB from Goldman to Morgan Stanley specialising in Leverage Buyouts, Syndication and Mergers and Takeovers (but I'm more on the participation side as oppose to the advisory side). That is why I know IBs are asset light as opose to commercial banks. Don't matter to me if it's local deal coz its all mandated to CIMB anyway. Anything outside M'sia and the local banks fail miserably. CIMB has tried to boost their reputation by buying RBS IB in Aus but little else.

I never said TS deal is a bad deal. If you're looking to get a footstep i.e. stepping stone into IB, why not?

ngaisteve1
post Aug 27 2012, 07:22 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 08:57 PM)
Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.
Are you kidding me? 70-100 hour / week is like 14-20hours per day if it is common 5 days work. Make me scare to for interview with an investment bank next week. rclxub.gif

fino_abama
post Aug 27 2012, 09:48 PM

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QUOTE(ngaisteve1 @ Aug 27 2012, 07:22 PM)
Are you kidding me? 70-100 hour / week is like 14-20hours per day if it is common 5 days work. Make me scare to for interview with an investment bank next week. rclxub.gif
*
You're just going to interview for a web developer post, not CF or ECM. You don't have to think about 100 hours every week.
monsteru
post Aug 27 2012, 09:55 PM

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I'm willing to work hard and learn so long i get paid well. im from banking call centre tho with a record of 50+ ours of OT ><
TSIBank BeanBag
post Aug 28 2012, 02:59 AM

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QUOTE(ngaisteve1 @ Aug 27 2012, 07:22 PM)
Are you kidding me? 70-100 hour / week is like 14-20hours per day if it is common 5 days work. Make me scare to for interview with an investment bank next week. rclxub.gif
*
I see you can count. u obviously have some advanced numerical skill. pls send me your cv now and we have a call to discuss.


Added on August 28, 2012, 3:00 am
QUOTE(monsteru @ Aug 27 2012, 09:55 PM)
I'm willing to work hard and learn so long i get paid well. im from banking call centre tho with a record of 50+ ours of OT ><
*
we hire call centre ppl too.. to run our back office.

for ECM, we need top 200 ranked uni with IB ready brain

This post has been edited by IBank BeanBag: Aug 28 2012, 03:00 AM
PhakFuhZai
post Aug 31 2012, 09:54 AM

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RM70k pa = RM 5.83k per month
work like 100 hours a week, while other normal jobs work not more than 50 hours a week, they are getting paid at rm2.8k for freshgrads

hence what so special about the high pay, you work double the hours than most people, so you deserved for the double of most people earn

don't count in the bonus, that would be an unfair comparison
sembilan
post Aug 31 2012, 11:11 AM

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^ The network, the experience and the knowledge will be more valuable. And you cannot not count the bonus as its always been part and parcel of the industry.

As for one of the poster who said IB mainly does non recurring deals, that's not absolutely correct. This is because not only can a company go for IPO, there are a lot more corporate exercises (for eg, bonus issues, acquisitions, etc) that can be done.
pentel
post Sep 1 2012, 04:04 AM

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QUOTE(sembilan @ Aug 31 2012, 11:11 AM)
As for one of the poster who said IB mainly does non recurring deals, that's not absolutely correct. This is because not only can a company go for IPO, there are a lot more corporate exercises (for eg, bonus issues, acquisitions, etc) that can be done.
*
sometimes i really cannot appreciate silly comments coming from ppl who have no experience in IB...

bonus issues? come on. icon_question.gif icon_question.gif


TSIBank BeanBag
post Sep 2 2012, 09:47 AM

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QUOTE(PhakFuhZai @ Aug 31 2012, 09:54 AM)
RM70k pa = RM 5.83k per month
work like 100 hours a week, while other normal jobs work not more than 50 hours a week, they are getting paid at rm2.8k for freshgrads

hence what so special about the high pay, you work double the hours than most people, so you deserved for the double of most people earn

don't count in the bonus, that would be an unfair comparison
*
I am amazed how short-sighted our graduates could be. Perhaps it should be called job seeking myopia.

IB not only give u more $ up front, it forces u to grow fast, thus promoting u very fast. Who gives u 30% increment year after year if you perform?
phoenix87
post Sep 2 2012, 08:49 PM

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QUOTE(IBank BeanBag @ Sep 2 2012, 09:47 AM)
I am amazed how short-sighted our graduates could be. Perhaps it should be called job seeking myopia.

IB not only give u more $ up front, it forces u to grow fast, thus promoting u very fast. Who gives u 30% increment year after year if you perform?
*
nod.gif nod.gif nod.gif agree!!! i get a 5% increment when i was in IT line with top performance!!!

in my current position if i perform well...i could easily bring home 3 mths pay on that day itself
the sky is the limit smile.gif

not including the potential side income you can have if you are well connected wink.gif
mercury8400
post Sep 2 2012, 09:44 PM

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QUOTE(IBank BeanBag @ Sep 2 2012, 09:47 AM)
I am amazed how short-sighted our graduates could be. Perhaps it should be called job seeking myopia.

IB not only give u more $ up front, it forces u to grow fast, thus promoting u very fast. Who gives u 30% increment year after year if you perform?
*
Well, health is one key reason why people refuse to work 100-150 hours a week despite the slightly higher pay.

Research shows that working anything beyond a certain level and it breaks down. Not to mention the obvious illness you are bound to get from long hours and prolonged stress like hypertension, diabetes, weight gain, heart problems, etc. Also the lack of social life i.e. you will have very few (if any) friends who are not clients or other bankers and i suppose no time for gf/wife.

No amount of money can compensate for health and social life.

Besides, with the lacklusture market conditions and extremely fragile external economies these days, not many Investment Banks are paying obscene bonus anymore, if they are even paying it in the first place.

IBanking is no longer as glamourous as it used to be with regulators slowly but surely clamping down on salary scale and bonuses and the extra regulations and compliance thanks to Lehman Brothers, Sub prime crisis, etc

This post has been edited by mercury8400: Sep 2 2012, 09:47 PM
joeysew
post Sep 5 2012, 09:38 PM

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Hey chap, just a quick question for you! I've just graduated a couple months back and i'm seeking options all over asia-pacific region so won't be back in Msia til next year. Are you looking to hire someone immediately or are there specific intakes for hiring?
gloomberg
post Sep 7 2012, 11:10 AM

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QUOTE(mercury8400 @ Sep 2 2012, 09:44 PM)
Well, health is one key reason why people refuse to work 100-150 hours a week despite the slightly higher pay.

Research shows that working anything beyond a certain level and it breaks down. Not to mention the obvious illness you are bound to get from long hours and prolonged stress like hypertension, diabetes, weight gain, heart problems, etc. Also the lack of social life i.e. you will have very few (if any) friends who are not clients or other bankers and i suppose no time for gf/wife.

No amount of money can compensate for health and social life.

Besides, with the lacklusture market conditions and extremely fragile external economies these days, not many Investment Banks are paying obscene bonus anymore, if they are even paying it in the first place.

IBanking is no longer as glamourous as it used to be with regulators slowly but surely clamping down on salary scale and bonuses and the extra regulations and compliance thanks to Lehman Brothers, Sub prime crisis, etc
*
in malaysia, i wouldn't consider it obscene, compared to our singaporean counterpart. currency X2.5 summore lol

in malaysia, the capital market here is still okok, quite vibrant compared to the rest of the world. no worries. lol
Bunc
post Sep 7 2012, 06:06 PM

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which is why i turned down offer for hr position in investment banking recently...as long as it is banking, it sucks. oil and gas is more relaxed smile.gif
TSIBank BeanBag
post Sep 8 2012, 08:56 PM

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Need good ppl now
TSIBank BeanBag
post Sep 9 2012, 05:28 PM

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There is a different of not so high and so not high...
rezavin
post Sep 9 2012, 05:45 PM

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QUOTE(IBank BeanBag @ Sep 8 2012, 08:56 PM)
Need good ppl now
*
hi
I am a fresh grad from a top uni (at least top 10) in the UK with a first class economics degree, but I am a non-BM speaker.
do you mind sending me the details about the job?

I got a job offer from one of the main commercial banks in msia yet I am not too happy with the dept I am going to work for.
I will be very pleased if I have a chance to work for the investment banking side.

Thanks!
SUS<Ultraman>
post Sep 9 2012, 06:45 PM

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When I read this thread, I can't help but feel that the only attraction to this IB job is the money. There seems to be a lack of focus on career development and knowledge gain.

It's like, hey I am someone who has connection with so and so politicians, I got a lot of money from it and now I want to hire some junior IBs with the attraction of big bucks. I only offer big bucks, other than that the junior IB can find his/her way around and work their ass off that 50-70 hours a week. This brings the next question, why do these juniors need to work so hard if there are capable seniors to lead them? Has there been a mass resignation of seniors? The knowledge base of this company is not large so money is the only motivation?
illidonleong
post Oct 8 2012, 03:00 PM

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Hi there Mr IBank Bean Bag,

I would like to inquire whether are there still vacancies for the management trainee program?

If yes, please pass me your email so that I may send my resume.
I already PMed you, and still awaiting for your reply.

Thank you.

This post has been edited by illidonleong: Oct 8 2012, 03:00 PM
TSIBank BeanBag
post Oct 9 2012, 02:36 AM

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replied... IB job still on


Added on October 9, 2012, 2:36 am
QUOTE(<Ultraman> @ Sep 9 2012, 06:45 PM)
When I read this thread, I can't help but feel that the only attraction to this IB job is the money. There seems to be a lack of focus on career development and knowledge gain.

It's like, hey I am someone who has connection with so and so politicians, I got a lot of money from it and now I want to hire some junior IBs with the attraction of big bucks. I only offer big bucks, other than that the junior IB can find his/her way around and work their ass off that 50-70 hours a week. This brings the next question, why do these juniors need to work so hard if there are capable seniors to lead them? Has there been a mass resignation of seniors? The knowledge base of this company is not large so money is the only motivation?
*
50 is no where near working their ass off. u need to have sharper mind

This post has been edited by IBank BeanBag: Oct 9 2012, 02:36 AM
ciahcra
post Oct 9 2012, 11:14 AM

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QUOTE(IBank BeanBag @ Oct 9 2012, 02:36 AM)
replied... IB job still on


Added on October 9, 2012, 2:36 am

50 is no where near working their ass off. u need to have sharper mind
*
PMed you already icon_rolleyes.gif
TSIBank BeanBag
post Oct 9 2012, 11:50 AM

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replied
peishan1201
post Oct 9 2012, 01:59 PM

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QUOTE(IBank BeanBag @ Oct 9 2012, 12:50 PM)
replied
*
hey
may i know which IB?
i just graduated with degree
can send me the job info??
thanks very very much!!!!
guitar8888
post Oct 9 2012, 02:02 PM

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Out of curiosity, how many days is 100h a week being spreaded out?
iceypain
post Oct 9 2012, 02:04 PM

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QUOTE(guitar8888 @ Oct 9 2012, 02:02 PM)
Out of curiosity, how many days is 100h a week being spreaded out?
*
Probably 6-7 days. 100 hr 5 day weeks will make you kill yourself at some point.
thefridge
post Oct 9 2012, 03:44 PM

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Can TS be more specific what is expected out of the candidates till can't get graduates to join? There are many good graduates out there I am sure they want the job, albeit yes some chose overseas than here.
guitar8888
post Oct 9 2012, 04:49 PM

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QUOTE(ArSe-SeNG @ Aug 15 2012, 05:39 PM)
To be fair to TS, I actually know someone who knows him.  He is genuine. Hope that clarifies.
*
Likewise! He is a good guy.
TSIBank BeanBag
post Oct 9 2012, 05:04 PM

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come come come apply lar
guitar8888
post Oct 9 2012, 06:32 PM

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QUOTE(IBank BeanBag @ Oct 9 2012, 05:04 PM)
come come come apply lar
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As much as I would love to. I know I would fail the assessment. Memory fails me. If you ask me to explain WACC right now, I can't answer you.


Anyway good luck bro.
thefridge
post Oct 9 2012, 07:08 PM

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QUOTE(guitar8888 @ Oct 9 2012, 06:32 PM)
As much as I would love to. I know I would fail the assessment. Memory fails me. If you ask me to explain WACC right now, I can't answer you.
Anyway good luck bro.
*
How is the assessment like?
TSIBank BeanBag
post Oct 9 2012, 08:05 PM

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QUOTE(thefridge @ Oct 9 2012, 07:08 PM)
How is the assessment like?
*
not easy
thefridge
post Oct 9 2012, 08:24 PM

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QUOTE(IBank BeanBag @ Oct 9 2012, 08:05 PM)
not easy
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Good answer
ajitgill1
post Oct 10 2012, 10:10 AM

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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.
*
Malaysian Labor Law states 40 hours per week, Any extra need to pay OT. It has become a Malaysian culture to give more and more, till a point so many organizations are abusive, and no one is doing anything, and if you plan to do something, most organizations will talk to you about job security and how hard is it to get a job in the market. smile.gif A dirty game.

Best Regards
GR
SUSMaterazzi
post Oct 10 2012, 07:41 PM

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QUOTE(ajitgill1 @ Oct 10 2012, 10:10 AM)
Malaysian Labor Law states 40 hours per week, Any extra need to pay OT. It has become a Malaysian culture to give more and more, till a point so many organizations are abusive, and no one is doing anything, and if you plan to do something, most organizations will talk to you about job security and how hard is it to get a job in the market. smile.gif A dirty game.

Best Regards
GR
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Salary package is gross
tohff7
post Oct 10 2012, 10:59 PM

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QUOTE(ajitgill1 @ Oct 10 2012, 10:10 AM)
Malaysian Labor Law states 40 hours per week, Any extra need to pay OT. It has become a Malaysian culture to give more and more, till a point so many organizations are abusive, and no one is doing anything, and if you plan to do something, most organizations will talk to you about job security and how hard is it to get a job in the market. smile.gif A dirty game.

Best Regards
GR
*
dude, Labour Law (Employment Act 1955) does not cover anybody with monthly salary of RM1,500 and above. So your argument is invalid.
xinde1314
post Oct 11 2012, 12:22 PM

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QUOTE(IBank BeanBag @ Oct 9 2012, 05:04 PM)
come come come apply lar
*
Hello, IBank Bean Bag,

I am a fresh grad, I am interest to apply for the IB position.
I already PM you just now. Wait for your reply if the position still available.


Thank you.
TSIBank BeanBag
post Oct 12 2012, 01:42 AM

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QUOTE(xinde1314 @ Oct 11 2012, 12:22 PM)
Hello, IBank Bean Bag,

I am a fresh grad, I am interest to apply for the IB position.
I already PM you just now. Wait for your reply if the position still available.
Thank you.
*
Just interviewed 30 mins ago.

Sorry for the crazy timing. Any others?

Pls know our requirements well and be prepared.
xinde1314
post Oct 12 2012, 01:59 AM

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QUOTE(IBank BeanBag @ Oct 12 2012, 01:42 AM)
Just interviewed 30 mins ago.

Sorry for the crazy timing. Any others?

Pls know our requirements well and be prepared.
*
Thank you for the interview. Knowing that insufficient knowledge in myself and not prepared at all for it.

Good Night.
TSIBank BeanBag
post Oct 12 2012, 02:04 AM

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QUOTE(xinde1314 @ Oct 12 2012, 01:59 AM)
Thank you for the interview. Knowing that insufficient knowledge in myself and not prepared at all for it.

Good Night.
*
was thinking of doing another interview but no more applicant at this time.

Good nite.
zer0hour
post Oct 12 2012, 02:33 AM

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Epic thread, had to reply.

To TS, I am from one of the big 3 strat houses, i.e. mbb. Even we have difficulty recruiting in Msia, appears the top talent has all fled.

Having said that, we recruited one guy from this very forum..


xplodingbomb
post Oct 12 2012, 03:10 AM

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QUOTE(zer0hour @ Oct 12 2012, 02:33 AM)
Epic thread, had to reply.

To TS, I am from one of the big 3 strat houses, i.e. mbb. Even we have difficulty recruiting in Msia, appears the top talent has all fled.

Having said that, we recruited one guy from this very forum..
*
Wah...MBB also hire from this forum? Maybe you should open a similar thread so we can have chance to apply rclxms.gif
nocturnal banker
post Oct 12 2012, 03:19 PM

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QUOTE(xinde1314 @ Oct 12 2012, 01:59 AM)
Thank you for the interview. Knowing that insufficient knowledge in myself and not prepared at all for it.

Good Night.
*
looks like we all are facing the same problem on the hiring front

ppl seem to talk alot about investment banking, yet not prepare for the interview




thefridge
post Oct 12 2012, 04:23 PM

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QUOTE(nocturnal banker @ Oct 12 2012, 03:19 PM)
looks like we all are facing the same problem on the hiring front

ppl seem to talk alot about investment banking, yet not prepare for the interview
*
what/how are the preparations for those who totally have no investment background?
nocturnal banker
post Oct 12 2012, 05:02 PM

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QUOTE(thefridge @ Oct 12 2012, 04:23 PM)
what/how are the preparations for those who totally have no investment background?
*
IB is not rocket science

google bout it, study it for a few days, and attend the interview

i would imagine this applies to any other career field no? standard interview preparations


TSIBank BeanBag
post Oct 15 2012, 02:25 AM

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QUOTE(zer0hour @ Oct 12 2012, 02:33 AM)
Epic thread, had to reply.

To TS, I am from one of the big 3 strat houses, i.e. mbb. Even we have difficulty recruiting in Msia, appears the top talent has all fled.

Having said that, we recruited one guy from this very forum..
*
I recruited one intern (ivy league) and one fresh grad (top student locally) from this forum, and the quality is indeed good.

Looking fwd to receive more CV as new jobs led to another two investment banking vacancies at ECM.

Need someone who speak IB and not bullshit. Dun tell me u duno the basic questions for IB.

ThanatosSwiftfire
post Oct 15 2012, 09:03 AM

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ITT : lowyat.net becomes a consulting/banking recruitment website.
TSIBank BeanBag
post Oct 15 2012, 03:00 PM

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QUOTE(ThanatosSwiftfire @ Oct 15 2012, 09:03 AM)
ITT : lowyat.net becomes a consulting/banking recruitment website.
*
unfortunately, yes. but very painful too.

so many ill-prepared CV that we have to look through before seeing 1 good 1?
ThanatosSwiftfire
post Oct 15 2012, 03:04 PM

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QUOTE(IBank BeanBag @ Oct 15 2012, 03:00 PM)
unfortunately, yes. but very painful too.

so many ill-prepared CV that we have to look through before seeing 1 good 1?
*
Haha, ask your staff to recommend their friends la. That's how most of my friends got in to IB anyway.
zer0hour
post Oct 15 2012, 03:46 PM

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QUOTE(xplodingbomb @ Oct 12 2012, 03:10 AM)
Wah...MBB also hire from this forum? Maybe you should open a similar thread so we can have chance to apply  rclxms.gif
*
Pure random, I met a guy who just graduated from an ivy, he bulked a tech item for me. Hahaha.

QUOTE(IBank BeanBag @ Oct 15 2012, 03:00 PM)
unfortunately, yes. but very painful too.

so many ill-prepared CV that we have to look through before seeing 1 good 1?
*
The quality of forumers is rather uneven, there's a lot of ppl who have no clue AND refuse to google to find out..
ThanatosSwiftfire
post Oct 15 2012, 04:17 PM

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QUOTE(zer0hour @ Oct 15 2012, 03:46 PM)
Pure random, I met a guy who just graduated from an ivy, he bulked a tech item for me. Hahaha.
The quality of forumers is rather uneven, there's a lot of ppl who have no clue AND refuse to google to find out..
*
I generally think Ivy league-ers normally are here for entirely different reason. You are more likely to find an ivy leaguer spamming in /k/ than browsing this subforum tongue.gif

ajitgill1
post Oct 15 2012, 04:38 PM

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QUOTE(tohff7 @ Oct 10 2012, 10:59 PM)
dude, Labour Law (Employment Act 1955) does not cover anybody with monthly salary of RM1,500 and above. So your argument is invalid.
*
Correction, Industrial Law. Thanks for correcting me.

Best Regards
GR
TSIBank BeanBag
post Oct 15 2012, 06:46 PM

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QUOTE(ThanatosSwiftfire @ Oct 15 2012, 03:04 PM)
Haha, ask your staff to recommend their friends la. That's how most of my friends got in to IB anyway.
*
We already forced them to share their phone book on mobile phone with us.


ThanatosSwiftfire
post Oct 15 2012, 08:46 PM

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QUOTE(IBank BeanBag @ Oct 15 2012, 06:46 PM)
We already forced them to share their phone book on mobile phone with us.
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Added all their facebook friends as well?
TSIBank BeanBag
post Oct 15 2012, 11:20 PM

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she dun allow la... no choice. any forumers are keen?

Mayb intro 1 permanent get 5% increment?
M_century
post Oct 16 2012, 01:21 AM

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I came from IB, there for 3 years +.

Kelentong my way through interview although my exam results are below average. That time I just want a job, no idea about IB. Google out what IB is and understand before interview. I don't prepare speech before hand. Pure kelentong all the way, of course I filter everything carefully on what I want to say to answer questions, really, most questions I not able to answer.

Thought won't get the job, but surprisingly got the job. Ok, so go work la.

damn, late at first day of work! Overslept.

Can scent the burning smell from my superior although he did not said a word. So I apologize and faham what to do next time la.

Result not so good in beginning either...

Then results improve significantly. Of course that also depend on market condition.

After 6 months, I find that is not what I like. I do not like to do things not my flavor. It would seems like I'm a quitter but what the heck I told my superior I want to resign.

He ask me where I going, I said no where

Ask again, is it XOXOXOXO recruited you is it..... I was like !! NO!!

Then what. I said not my type.

Told me to give a bit more time, also said I'll do well in future bla bla bla...

My performance started to decline because my mind already else where.

In the end, cannot tahan because I felt I kelentong too much already to client, and I felt sick of what I'm doing, then made firm decision to quit.

After quit, I ask him. Why hire me in the beginning?
He said just for my talking skills ZZZzzz... my kelentong skills.

So I find that, IB people, I mean those capable ones are really good.

I don't like to Kelentong my way to performance especially when it borders ethics in my opinion. Ethics, better not say about this as this also an issue across all other industry.

So I now do my own business, do my own sales (but not kelentong), my stuff actually do work and I have peace of mind that my stuff are genuinely beneficial to my clients.

SO why all these long story.

Candidates must ask themselves whether they are the right material for being in IB, not just for the hype of being in IB although IB has many other job scope which I don't understand that clear either ^^, only the basics.

Everything matters there, not just performance. Must also have passion in what you do or else you can't go far. But of course have to juggle correctly between passion and reality.

IB really pay what you are worth, so no worry about slow increment in IB than in other industry.

RM200 increment + 1 month bonus means you are doing it wrong and the company just layan hibur hibur you only.

So if really think you have what it takes! You can start Bombard TS with plenty of pm's and email again and again that show that you have the tenacity to be his/her man/woman that looking for. Heheh


Added on October 16, 2012, 1:33 amGood Luck to TS and future candidates.

Fellow aspiring IB ankers to be, Don't stress out.

TS, don't go so tough on the little didi's and mei mei's here.

Others don't talk nonsense that "all" talented ones flew away. And those read this, don't allow such saying cast inferiority on you. If you don't believe in yourself, who will? your mother?

Many obviously haven't seen those really talented ones that still here as I have not stop seeing new ones every now and then and leeching knowledge from them. Look! TS stayed so that does not mean TS not talented.

"Real talented people can be and do well at anywhere in the world including this country" Quote from someone I know

This post has been edited by M_century: Oct 16 2012, 01:33 AM
nas787
post Oct 16 2012, 06:40 PM

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agreed =)
TSIBank BeanBag
post Oct 16 2012, 08:17 PM

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QUOTE(M_century @ Oct 16 2012, 01:21 AM)
....

"Real talented people can be and do well at anywhere in the world including this country" Quote from someone I know
*
A long reply. thanks for support....

and thanks for all who have sent me PM to f*** me.


nas787
post Oct 18 2012, 05:18 PM

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cool huhu...so any update? still searching =)
TSIBank BeanBag
post Oct 18 2012, 08:18 PM

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ya. hunting. is an ongoing thing.

pls send in cv if keen
00013436
post Oct 18 2012, 11:00 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 07:57 PM)
Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through
*
No wonder your candidates never meets your requirement. 70-100 hours/week working hour not everyone willing, why? 70K salary equivalent to RM5833 per month, most of the manager from a SME and above company will get this salary but only 5 days working a day. Why people torture themselves when there is a better offer?
TSIBank BeanBag
post Oct 19 2012, 01:37 AM

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Profit sharing is not in the 70k. 30 % increment yoy is oso out of the package
siew14
post Oct 19 2012, 07:09 AM

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QUOTE(00013436 @ Oct 18 2012, 11:00 PM)
No wonder your candidates never meets your requirement. 70-100 hours/week working hour not everyone willing, why? 70K salary equivalent to RM5833 per month, most of the manager from a SME and above company will get this salary but only 5 days working a day. Why people torture themselves when there is a better offer?
*
cant compare like this.... you are comparing manager's salary and employee's salary...

i believe once you are in ECM managerial level, salary should be higher and 5 days work only i think, since they gona throw everything to the subordinate...
tongue.gif

TSIBank BeanBag
post Oct 19 2012, 09:54 AM

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QUOTE(00013436 @ Oct 18 2012, 11:00 PM)
No wonder your candidates never meets your requirement. 70-100 hours/week working hour not everyone willing, why? 70K salary equivalent to RM5833 per month, most of the manager from a SME and above company will get this salary but only 5 days working a day. Why people torture themselves when there is a better offer?
*
The RM5,833 is for fresh grad.

Just put in 25% increment for 3 years to gauge your pay at 26 years old assuming you starts at 23 years old.
nocturnal banker
post Oct 19 2012, 10:25 AM

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QUOTE(00013436 @ Oct 18 2012, 11:00 PM)
No wonder your candidates never meets your requirement. 70-100 hours/week working hour not everyone willing, why? 70K salary equivalent to RM5833 per month, most of the manager from a SME and above company will get this salary but only 5 days working a day. Why people torture themselves when there is a better offer?
*
not sure why u are comparing a manager's pay to a junior pay

even then, i believe the total remuneration package for an IB junior can match a SME manager's taking into account bonus & allowance

better get your facts right
thefridge
post Oct 19 2012, 11:59 AM

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Added on October 19, 2012, 1:29 pm
QUOTE(00013436 @ Oct 18 2012, 11:00 PM)
No wonder your candidates never meets your requirement. 70-100 hours/week working hour not everyone willing, why? 70K salary equivalent to RM5833 per month, most of the manager from a SME and above company will get this salary but only 5 days working a day. Why people torture themselves when there is a better offer?
*
Haha I'm guessing, TS can find ppl who are willing to work long hours, it's just they aren't good/qualified enough?

This post has been edited by thefridge: Oct 19 2012, 01:40 PM
mercury8400
post Oct 19 2012, 10:58 PM

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QUOTE(thefridge @ Oct 19 2012, 11:59 AM)

Added on October 19, 2012, 1:29 pm

Haha I'm guessing, TS can find ppl who are willing to work long hours, it's just they aren't good/qualified enough?
*
I believe there are qualified people around. The only thing is not many people especially the young ones are willing to put in 70 hours a week which might include weekends. Sometimes there is more to life than money. Like the mastercard advert said "there are things in life money can't buy".
nas787
post Oct 22 2012, 06:03 PM

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agree......cheers =)
maggi
post Oct 23 2012, 12:27 AM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:38 PM)
5k i can provide leh, but they must be good enough la... if no skill 1k intern oso i duwan
*
5k wo unsure.gif no ppl want ?

apa job itu hmm.gif
keelim
post Oct 23 2012, 08:35 AM

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I find it absolutely weird that an IB needs to source out for a candidate in Lowyat forum.

Why dont you go through HR consultants / recruiters who may have a bigger pool of talents that fit your company and yourself.
tohff7
post Oct 23 2012, 10:49 AM

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i think TS just want to widen its channel of recruiting.

Sad to say that the Gen Z that is coming into the workforce is well....you know what I mean. Easy life enjoying parent fruit of hard labour over the years. Why bother to work so hard?
TSIBank BeanBag
post Oct 23 2012, 10:51 AM

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HR consultant not necessary to have good name uni grads.

Let me know if you are aware of someone who can show me 20 fresh grads from good uni.


nas787
post Oct 23 2012, 12:52 PM

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TS only looking for fresh grad only...sad hmmm
TSIBank BeanBag
post Oct 23 2012, 11:07 PM

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1 year experience or two oso ok geh
illidonleong
post Oct 24 2012, 11:13 AM

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Hi Mr IBank BeanBag,

I just sent my resume to you.

I hope that I am given a chance for an interview.

Thank you.
Pistacio
post Oct 24 2012, 11:50 AM

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is accounting background a must?
TSIBank BeanBag
post Oct 24 2012, 12:06 PM

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looking at it now.

pls address me as "Ah Bean", my newly found name that created by a fellow forumer.
ThanatosSwiftfire
post Oct 24 2012, 12:22 PM

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QUOTE(IBank BeanBag @ Oct 24 2012, 12:06 PM)
looking at it now.

pls address me as "Ah Bean", my newly found name that created by a fellow forumer.
*
AhBean. Sounds like AHBeng Nia. how la. Itot u CF/IB ppl want glamour one.. how can!
illidonleong
post Oct 24 2012, 02:21 PM

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QUOTE(IBank BeanBag @ Oct 24 2012, 12:06 PM)
looking at it now.

pls address me as "Ah Bean", my newly found name that created by a fellow forumer.
*
Thanks!!


Added on October 29, 2012, 12:22 pmAh Bean,

So I got chance for interview or not? smile.gif



This post has been edited by illidonleong: Oct 29 2012, 12:22 PM
TSIBank BeanBag
post Oct 30 2012, 07:16 PM

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QUOTE(illidonleong @ Oct 24 2012, 02:21 PM)
Thanks!!


Added on October 29, 2012, 12:22 pmAh Bean,

So I got chance for interview or not? smile.gif
*
I called you. but no answer.
illidonleong
post Oct 31 2012, 02:02 PM

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QUOTE(IBank BeanBag @ Oct 30 2012, 07:16 PM)
I called you. but no answer.
*
sorry I was driving during that time. I called back this morning around 9am, and one of your colleague said that you were not free and he will pass the message to you in 10 minutes time.

FYI, I also called back at 7.17pm yesterday but the nobody from the general line picked up. smile.gif

Sorry.

This post has been edited by illidonleong: Oct 31 2012, 02:40 PM
TSIBank BeanBag
post Oct 31 2012, 09:58 PM

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busy for the next few days. will call you when we can
streetglow
post Oct 31 2012, 10:20 PM

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hi beanbag,

i just graduated with degree in accounting and finance and currently pursuing my acca this dec sitting for p1 paper...i wonder which investment bank u are in?
interested but duno am i qualified for it...do pm me
thx
illidonleong
post Nov 1 2012, 09:05 AM

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QUOTE(IBank BeanBag @ Oct 31 2012, 09:58 PM)
busy for the next few days. will call you when we can
*
thanks
TSIBank BeanBag
post Nov 12 2012, 06:42 PM

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QUOTE(illidonleong @ Nov 1 2012, 09:05 AM)
thanks
*
Presume we have spoken. Remind me if I have not.

Streetglow,

PM your cv to me pls.
douchebag2
post Nov 12 2012, 09:16 PM

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AHHHHHH ENGRISH PEOPLE, fellow IBers and potential IBers, please....
ThanatosSwiftfire
post Nov 12 2012, 09:30 PM

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QUOTE(douchebag2 @ Nov 12 2012, 09:16 PM)
AHHHHHH ENGRISH PEOPLE, fellow IBers and potential IBers, please....
*
LOL WHY?!
candy_9330
post Nov 16 2012, 03:59 AM

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-

This post has been edited by candy_9330: Nov 16 2012, 07:39 AM
siew14
post Nov 16 2012, 07:11 AM

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guys, would suggest stop replying this thread if you are asking interview or u want to send cv to ibeanbag... this thread started to become job ads thread.. or should move to job enlistments side.. wink.gif


chien236
post Nov 18 2012, 11:17 AM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:35 PM)
hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh  grad, interview until i pusing...
where r good ppl?

willing to pay also canot find  cry.gif  cry.gif  cry.gif
*
Hi there. Is this thread still active?
TSIBank BeanBag
post Nov 18 2012, 10:41 PM

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QUOTE(chien236 @ Nov 18 2012, 11:17 AM)
Hi there. Is this thread still active?
*
yes, bcos i am still interviewing until pusing
john123x
post Nov 18 2012, 10:46 PM

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i am interested in IB job, any job that double check customers orders before sending it to bursa? Maybank online stocks also got middle person double check customer's stocks orders...

what do u call the position of this kind of job? i dont really know


Added on November 18, 2012, 10:47 pmi do believe real life experience is important too... do the new graduates understand gold physical, gold spot, gold futures, and gold options....


Added on November 18, 2012, 10:50 pmstimes, the best people arent new graduates, but people that are capable of managing their own finance, investment and retirements...


Added on November 18, 2012, 10:54 pm
QUOTE(IBank BeanBag @ Jun 15 2012, 07:57 PM)
Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through
*
this is ur requirements, very hard indeed, but will u share the job scopes too? i do think some of requirement got nothing to do with IB like engineering and business administration

This post has been edited by john123x: Nov 18 2012, 10:54 PM
omona.ohmy
post Nov 20 2012, 09:02 PM

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QUOTE(IBank BeanBag @ Nov 18 2012, 11:41 PM)
yes, bcos i am still interviewing until pusing
*
Thanks for the interview, IBank BeanBag, it's an experience for me. To those who are going to have interviews with him, a note to you guys that it's pretty technical.
judejude
post Nov 20 2012, 10:59 PM

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I concur with you. Be ready to be bombarded with technical questions, in-depth knowledge is required.

This post has been edited by judejude: Nov 20 2012, 11:04 PM
iceypain
post Nov 21 2012, 09:10 AM

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QUOTE(judejude @ Nov 20 2012, 10:59 PM)
I concur with you. Be ready to be bombarded with technical questions, in-depth knowledge is required.
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really? like what?
john123x
post Nov 21 2012, 08:36 PM

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QUOTE(judejude @ Nov 20 2012, 10:59 PM)
I concur with you. Be ready to be bombarded with technical questions, in-depth knowledge is required.
*
please be specific? technical question of which field?
give one sample question....
judejude
post Nov 21 2012, 09:17 PM

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at least basics in corporate finance and ECM. Perhaps I'm unqualified, not eligible to reveal much. Better if IBank BeanBag himself enlighten those who are interested. Thank you
iceypain
post Nov 22 2012, 01:33 AM

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QUOTE(judejude @ Nov 21 2012, 09:17 PM)
at least  basics in corporate finance and ECM. Perhaps I'm unqualified, not eligible to reveal much. Better if IBank BeanBag himself enlighten those who are interested. Thank you
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pretty daft not to prep for an interview isn't it?
bearobear
post Nov 22 2012, 11:34 AM

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Ah Bean, I have dropped you an email. Waiting for your reply to shoot you the CV.
eric.liew
post Nov 22 2012, 12:26 PM

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Seriously Im interested on this job, just that my English is not good, no where near perfect, sad case : (
legendbarney
post Nov 22 2012, 03:52 PM

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ahbean i have dropped u my email too. hear from you soon!
TSIBank BeanBag
post Nov 25 2012, 08:50 PM

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QUOTE(legendbarney @ Nov 22 2012, 03:52 PM)
ahbean i have dropped u my email too. hear from you soon!
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To most ppl, replied.

To eric, you will need decent english.

To the rest, yes, we are still struggling to get good candidates
illidonleong
post Nov 26 2012, 03:18 PM

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QUOTE(IBank BeanBag @ Nov 12 2012, 06:42 PM)
Presume we have spoken. Remind me if I have not.

Streetglow,

PM your cv to me pls.
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We have not spoken yet...

regards,

samuel
SUSMaterazzi
post Nov 26 2012, 07:09 PM

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“Investment bankers?” says a hedge-fund guy. “Their lives are miserable.” He lists the shortcomings: punishing hours, dull, needy clients.

Try hedge fund if wanna get more
iceypain
post Nov 27 2012, 08:31 AM

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QUOTE(Materazzi @ Nov 26 2012, 07:09 PM)
“Investment bankers?” says a hedge-fund guy. “Their lives are miserable.” He lists the shortcomings: punishing hours, dull, needy clients.

Try hedge fund if wanna get more
*
...says the auditor / accountant / w/e

This post has been edited by iceypain: Nov 27 2012, 08:31 AM
nas787
post Dec 10 2012, 05:08 PM

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QUOTE(siew14 @ Nov 16 2012, 07:11 AM)
guys, would suggest stop replying this thread if you are asking interview or u want to send cv to ibeanbag...  this thread started to become job ads thread.. or should move to job enlistments side.. wink.gif
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agreeeeeeeeeeeeeeeeeee =)
g_kw2
post Dec 11 2012, 05:37 PM

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QUOTE(IBank BeanBag @ Nov 25 2012, 08:50 PM)
To most ppl, replied.

To eric, you will need decent english.

To the rest, yes, we are still struggling to get good candidates
*
Can I know what sort of level on the candidate you're looking for?
May I know what company?
Kindly send me the details and see if I'm able to help at the same time get to see if there's any opportunity.
Of cos I'm not a fresh grats.
yellowflashdude
post Dec 12 2012, 06:33 PM

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Hey, to anybody whom it may concern. Would you consider curtin. University as 'top'?I am doing foundation with pathways leading to an engineering undergrad.

Also is there any chance I could do an internship seeing as I am in Miri, is there even an opportunity to do so?
Thank you.
mercury8400
post Dec 12 2012, 07:42 PM

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QUOTE(yellowflashdude @ Dec 12 2012, 06:33 PM)
Hey, to anybody whom it may concern. Would you consider curtin. University as 'top'?I am doing foundation  with pathways leading to an engineering undergrad.

Also is there any chance I could do an internship seeing as I am in Miri, is there even an opportunity to do so?
Thank you.
*
No
yellowflashdude
post Dec 12 2012, 08:16 PM

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QUOTE(mercury8400 @ Dec 12 2012, 02:42 PM)
No
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Oh ok, that is some quality answer right there, lol.

Should I consider transferring to another uni, then?
fletcherwind
post Dec 12 2012, 09:46 PM

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QUOTE(yellowflashdude @ Dec 12 2012, 06:33 PM)
Hey, to anybody whom it may concern. Would you consider curtin. University as 'top'?I am doing foundation  with pathways leading to an engineering undergrad.

Also is there any chance I could do an internship seeing as I am in Miri, is there even an opportunity to do so?
Thank you.
*
QUOTE(yellowflashdude @ Dec 12 2012, 08:16 PM)
Oh ok, that is some quality answer right there, lol.

Should I consider transferring to another uni, then?
*
Re:Internship
Are you looking for an internship in investment banking or just any internships? If your intention is to join IB, then my next question would be why? If you're thinking only about the pay, then I can tell you that many other industries pay better now (job security taken into account).

RE:miri
I don't think there's any proper investment banking work in Miri. You might have sales people selling investment banking products but the front office functions will not be there.

Re:Uni ranking
You can find a lot of information about Universities online, including ranking tables. Usually, the more selective Universities are the better ones, i.e. higher entrance requirement. Graduating from a highly ranked university does open more doors when you are looking for jobs but it doesn't guarantee subsequent success. Just try your best to get into the best University you can afford.


MelbGenius
post Dec 12 2012, 09:53 PM

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QUOTE(yellowflashdude @ Dec 12 2012, 10:16 PM)
Oh ok, that is some quality answer right there, lol.

Should I consider transferring to another uni, then?
*
do some independent research of your own la, Curtin uni is not even a G8 uni in Australia.
yellowflashdude
post Dec 12 2012, 11:20 PM

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[quote=fletcherwind,Dec 12 2012, 04:46 PM]
Re:Internship
Are you looking for an internship in investment banking or just any internships? If your intention is to join IB, then my next question would be why? If you're thinking only about the pay, then I can tell you that many other industries pay better now (job security taken into account).

RE:miri
I don't think there's any proper investment banking work in Miri. You might have sales people selling investment banking products but the front office functions will not be there.

Re:Uni ranking
You can find a lot of information about Universities online, including ranking tables. Usually, the more selective Universities are the better ones, i.e. higher entrance requirement. Graduating from a highly ranked university does open more doors when you are looking for jobs but it doesn't guarantee subsequent success. Just try your best to get into the best University you can afford.
*

[/

Hey man, thanks for well thought out answer. Sure, I am interested in the finance industry in itser but I won't lie, the pay does attract me. Sure there are othe industries that pay as well but what sets it apart from the others is the potential, the increase is exponential from what I have heard.

I am only looking to gain experience from internships, I won't expect any sort of pay for now.

Thanks again, at least you actually bothered to answer unlike that newbie Melb 'genius'.

M_century
post Dec 13 2012, 12:42 AM

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QUOTE(yellowflashdude @ Dec 12 2012, 06:33 PM)
Hey, to anybody whom it may concern. Would you consider curtin. University as 'top'?I am doing foundation  with pathways leading to an engineering undergrad.

Also is there any chance I could do an internship seeing as I am in Miri, is there even an opportunity to do so?
Thank you.
*
Your problem is not your uni choice. You don't really need to concern too much on Uni ranking. Just do well in your studies.

No. Miri has no IB. Unless Shin Yang corp open one there.
When you free. You can help put out open fire in Senadin. Go enjoy some good food in Lutong cafe.

Seriously, since you in engineering. Engineering degree useful to O&G I think can earn much more and easier to get job due to booming demand for such candidates. IB too crowded imo.
I'm not from Curtin but many of my friend graduate there now work with Shell, Petronas, Exxon Mobil with high pay.

fletcherwind
post Dec 13 2012, 12:59 AM

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QUOTE(M_century @ Dec 13 2012, 12:42 AM)
Your problem is not your uni choice. You don't really need to concern too much on Uni ranking. Just do well in your studies.

No. Miri has no IB. Unless Shin Yang corp open one there.
When you free. You can help put out open fire in Senadin. Go enjoy some good food in Lutong cafe.

Seriously, since you in engineering. Engineering degree useful to O&G I think can earn much more and easier to get job due to booming demand for such candidates. IB too crowded imo.
I'm not from Curtin but many of my friend graduate there now work with Shell, Petronas, Exxon Mobil with high pay.
*
IB is getting very competitive now. Realistically speaking, Curtin isn't a name that is competitive enough to join the bigger names to be honest. Chances will be slim even if you apply with good grades. Rumors have painted too bright a picture for the industry.

I think O&G is a less crowded sector and people there do make good money - could be on par with IB's total salary package.
mercury8400
post Dec 13 2012, 09:08 PM

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[quote=yellowflashdude,Dec 12 2012, 11:20 PM]
[quote=fletcherwind,Dec 12 2012, 04:46 PM]
Re:Internship
Are you looking for an internship in investment banking or just any internships? If your intention is to join IB, then my next question would be why? If you're thinking only about the pay, then I can tell you that many other industries pay better now (job security taken into account).

RE:miri
I don't think there's any proper investment banking work in Miri. You might have sales people selling investment banking products but the front office functions will not be there.

Re:Uni ranking
You can find a lot of information about Universities online, including ranking tables. Usually, the more selective Universities are the better ones, i.e. higher entrance requirement. Graduating from a highly ranked university does open more doors when you are looking for jobs but it doesn't guarantee subsequent success. Just try your best to get into the best University you can afford.
*

[/

Hey man, thanks for well thought out answer. Sure, I am interested in the finance industry in itser but I won't lie, the pay does attract me. Sure there are othe industries that pay as well but what sets it apart from the others is the potential, the increase is exponential from what I have heard.

I am only looking to gain experience from internships, I won't expect any sort of pay for now.

Thanks again, at least you actually bothered to answer unlike that newbie Melb 'genius'.
*

[/quote]
If you're into IB or banking for the money, forget about it.
The days of huge bonus for bankers are OVER ever since Lehman collapse, subprime crisis, nationalisation of banks, etc.
In fact, laying off is the name of the game in todays banking.
Look at how many people getting layed off in banking today.
Job security 0.
Money, if they pay is too much, you can be sure regulators will come in to question.
Afterall part of the reason why banks fail in the first place. Coz they pay too damn much to their employees who becomes greedy!
So pay, minimal.
Stress 100% coz more and more regulations will be in place to regulate banks. Fail one of those and you're looking at US$500 million fine (like what Std Chart & HSBC will be getting) and then say bye-bye to your bonus and maybe even your job!

Pick something else!
TSIBank BeanBag
post Dec 14 2012, 02:54 AM

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I still think IB is worth considering.

And yes, we are still hiring. Now, preferably top 100 unis. Top 50 is even better.

And also available is front office coordinator role
yellowflashdude
post Dec 14 2012, 02:22 PM

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QUOTE(mercury8400 @ Dec 13 2012, 04:08 PM)
If you're into IB or banking for the money, forget about it.
The days of huge bonus for bankers are OVER ever since Lehman collapse, subprime crisis, nationalisation of banks, etc.
In fact, laying off is the name of the game in todays banking.
Look at how many people getting layed off in banking today.
Job security 0.
Money, if they pay is too much, you can be sure regulators will come in to question.
Afterall part of the reason why banks fail in the first place. Coz they pay too damn much to their employees who becomes greedy!
So pay, minimal.
Stress 100% coz more and more regulations will be in place to regulate banks. Fail one of those and you're looking at US$500 million fine (like what Std Chart & HSBC will be getting) and then say bye-bye to your bonus and maybe even your job!

Pick something else!
*
My dad is in oil and gas engineering and this is considered a very well paying profession. So I am well aware of the potential pay, the catch is that it is based on experience.

My plan is to work as an analyst for two years and the ciao/off to private equity or something.
malpczone
post Dec 14 2012, 02:29 PM

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Sunway Monash and RMIT are popular for entry at many corporations.

Banks are no easy anymore. KPI are too much pressure at times. Stressful
Alvin330000421
post Dec 14 2012, 02:55 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 07:35 PM)
hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh  grad, interview until i pusing...
where r good ppl?

willing to pay also canot find  cry.gif  cry.gif  cry.gif
*
Eh, many years ago I apply to CIMB, they also reject my application.

Who say nobody want to apply?

But if you ask me now, I don't want..old oledi.


Added on December 14, 2012, 2:57 pm
QUOTE(IBank BeanBag @ Jun 15 2012, 07:35 PM)
hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh  grad, interview until i pusing...
where r good ppl?

willing to pay also canot find  cry.gif  cry.gif  cry.gif
*
Last time I apply to CIMB, they oso don't want me.

Who say got nobody want?

But you ask me now, I dont want lah, I too old and tired to take up this job.

This post has been edited by Alvin330000421: Dec 14 2012, 02:57 PM
mercury8400
post Dec 14 2012, 02:59 PM

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QUOTE(yellowflashdude @ Dec 14 2012, 02:22 PM)
My dad is in  oil and gas engineering and this is considered a very well paying profession. So I am well aware of the potential pay, the catch is that it is based on experience.

My plan is to work as an analyst for two years and the ciao/off to private equity or something.
*
1. There are not many private equity firms in msia worth joining. Mutual funds maybe. Btw do you know the difference between those and hedge funds?
2. Even if you were to move overseas for a PE job 2 years exp in IB is not sufficient enough to land even a PE junior analyst role especially if you come from msian IB which is not recognised outside msia (fyi - yes, even cimb considered 2 or 3 tier).
3. PE -esp in junior level don't pay very well as compared to IB but working hours just as long.(bonus aside)
fino_abama
post Dec 14 2012, 11:53 PM

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QUOTE(Alvin330000421 @ Dec 14 2012, 02:55 PM)
Eh, many years ago I apply to CIMB, they also reject my application.

Who say nobody want to apply?

But if you ask me now, I don't want..old oledi.


Added on December 14, 2012, 2:57 pm

Last time I apply to CIMB, they oso don't want me.

Who say got nobody want?

But you ask me now, I dont want lah, I too old and tired to take up this job.
*
They are just being selective in hiring.
edmundchong
post Dec 15 2012, 08:06 AM

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pm me more infor

edmundchong29@yahoo.com.my

Thx
Dolphee
post Jan 2 2013, 05:31 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:35 PM)
hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh  grad, interview until i pusing...
where r good ppl?

willing to pay also canot find  cry.gif  cry.gif  cry.gif
*
Brotha, this is a little late, I'm no fresh grad but are you still hiring?

May I know which division? The requirements are somewhat similar to what I'm doing now, I'm working in IB as well only in the Dealing room with a degree in Economics

This post has been edited by Dolphee: Jan 2 2013, 05:34 PM
SUS<Ultraman>
post Jan 2 2013, 05:40 PM

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Up your offer to Rm10k per month.

RM5k is not much now.
ethanyong
post Jan 2 2013, 07:08 PM

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QUOTE(<Ultraman> @ Jan 2 2013, 05:40 PM)
Up your offer to Rm10k per month.

RM5k is not much now.
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+1
marcus1522
post Jan 9 2013, 10:59 AM

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Bean
still hiring ?
mankok0415@gmail.com
this is my email =)
TSIBank BeanBag
post Feb 10 2013, 08:40 PM

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QUOTE(marcus1522 @ Jan 9 2013, 10:59 AM)
Bean
still hiring ?
mankok0415@gmail.com
this is my email =)
*
Yes, still hiring. Two fresh grads with little experience, if any, required.

Same stringent requirement but needed somebody who can withstand some alcohol in the medium term as eventual development will require you to have constant meeting with fund managers to pitch ideas.

atlantiz0
post Feb 11 2013, 12:17 PM

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QUOTE(IBank BeanBag @ Feb 10 2013, 08:40 PM)
Yes, still hiring. Two fresh grads with little experience, if any, required.

Same stringent requirement but needed somebody who can withstand some alcohol in the medium term as eventual development will require you to have constant meeting with fund managers to pitch ideas.
*
Can't believe the same job is still available after 8 months ... is it really that hard to find good candidate ? lol

may I ask what's your opinion on the prospects of doing market/treasury risk in CB/IB?
fino_abama
post Feb 11 2013, 03:56 PM

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QUOTE(atlantiz0 @ Feb 11 2013, 12:17 PM)
Can't believe the same job is still available after 8 months ... is it really that hard to find good candidate ?  lol

may I ask what's your opinion on the prospects of doing market/treasury risk in CB/IB?
*
Market risk? Bright prospect with good pay as you gain experience but lower bonus as compared with IB, CF, ECM (random order).
atlantiz0
post Feb 11 2013, 10:12 PM

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QUOTE(fino_abama @ Feb 11 2013, 03:56 PM)
Market risk? Bright prospect with good pay as you gain experience but lower bonus as compared with IB, CF, ECM (random order).
*
i wonder how the local bank works in term of their risk mgmt structure? Would the market risk team deal with treasury (FX, IR) risk as well? I know some (CIMB) have separate risk analytic and modeling team ... that does sound really interesting but a few linkedin profiles I checked... people in that team are all phds from no less than ivy leagues or oxbridges... =(


fino_abama
post Feb 11 2013, 11:41 PM

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QUOTE(atlantiz0 @ Feb 11 2013, 10:12 PM)
i wonder how the local bank works in term of their risk mgmt structure?  Would the market risk team deal with treasury (FX, IR) risk as well? I know some (CIMB) have separate risk analytic and modeling team ... that does sound really interesting but a few linkedin profiles I checked... people in that team are all phds from no less than ivy leagues or oxbridges...  =(
*
At the bank I'm working at, the market risk setup is small (market risk monitoring & compliance section and market risk management section). They monitor the FX, IR, Bonds, Swaps, etc.

Are you from a Quant background? For risk modeling, banks would look for those with tertiary education in Math, Statistics, Financial Engineering, Quantitative Finance, etc., packed with programming knowledge like C++, Java, VBA.
goldconnection
post Feb 12 2013, 12:41 AM

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QUOTE(IBank BeanBag @ Feb 10 2013, 08:40 PM)
Yes, still hiring. Two fresh grads with little experience, if any, required.

Same stringent requirement but needed somebody who can withstand some alcohol in the medium term as eventual development will require you to have constant meeting with fund managers to pitch ideas.
*
Sounds like a sales job.
Imdarren
post Feb 12 2013, 12:50 AM

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QUOTE(goldconnection @ Feb 12 2013, 12:41 AM)
Sounds like a sales job.
*
It is normal to have to build relationship with clients and understand their needs prior to important "sales" pitch.
atlantiz0
post Feb 12 2013, 01:49 AM

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QUOTE(fino_abama @ Feb 11 2013, 11:41 PM)
At the bank I'm working at, the market risk setup is small (market risk monitoring & compliance section and market risk management section). They monitor the FX, IR, Bonds, Swaps, etc.

Are you from a Quant background? For risk modeling, banks would look for those with tertiary education in Math, Statistics, Financial Engineering, Quantitative Finance, etc., packed with programming knowledge like C++, Java, VBA.
*
Yep .. have a maths degree with comp science minor (so i can do Java, VBA, matlab and SAS) and done some masters course-works in financial engineering .. working towards CFA too .. but now it seems less relevant to me if I don't do ECM/CF .. almost all of level 2 are valuations related ... not the kind of arcane maths I'm looking for. haha.

i'm actually working in bank too... but it's at the consumer division doing mostly risk modeling .. still, it is more statistical than mathematical to my liking due to the volume consumer businesses are dealing with.

i wonder if msian banks do derivative products origination ? or that's the big boys' game ?
TSIBank BeanBag
post Feb 12 2013, 05:24 AM

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QUOTE(atlantiz0 @ Feb 11 2013, 12:17 PM)
Can't believe the same job is still available after 8 months ... is it really that hard to find good candidate ?  lol

may I ask what's your opinion on the prospects of doing market/treasury risk in CB/IB?
*
We hired three juniors but now still expanding the team. Yes! Eventually, we sell, with facts and figure.
SUSMaterazzi
post Feb 12 2013, 09:13 AM

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QUOTE(atlantiz0 @ Feb 12 2013, 01:49 AM)
Yep .. have a maths degree with comp science minor (so i can do Java, VBA, matlab and SAS)  and done some  masters course-works in financial engineering .. working towards CFA too .. but now it seems less relevant to me if I don't do ECM/CF .. almost all of level 2 are valuations related ... not the kind of arcane maths I'm looking for. haha.

i'm actually working in bank too... but it's at the consumer division doing mostly risk modeling .. still, it is more statistical than mathematical to my liking due to the volume consumer businesses are dealing with.

i wonder if msian banks do derivative products origination ? or that's the big boys' game ?
*
Is cfa important to climb ladder?
fino_abama
post Feb 12 2013, 10:32 AM

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QUOTE(atlantiz0 @ Feb 12 2013, 01:49 AM)
Yep .. have a maths degree with comp science minor (so i can do Java, VBA, matlab and SAS)  and done some  masters course-works in financial engineering .. working towards CFA too .. but now it seems less relevant to me if I don't do ECM/CF .. almost all of level 2 are valuations related ... not the kind of arcane maths I'm looking for. haha.

i'm actually working in bank too... but it's at the consumer division doing mostly risk modeling .. still, it is more statistical than mathematical to my liking due to the volume consumer businesses are dealing with.

i wonder if msian banks do derivative products origination ? or that's the big boys' game ?
*
That's good. It doesn't always have to be in ECM/CF, there's still DCM, Fixed Income Analysis. Everything is about valuation in CFA, the math level is not very high (no stochastic calculus or Ito's Lemma, PDEs) but the practical side of things is incorporated into the syllabus. If you want to have a chance to apply what you have learn about FE, best place is SG or HK.

Are you in consumer credit risk? Credit scorecard modeling?
atlantiz0
post Feb 12 2013, 10:47 AM

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QUOTE(fino_abama @ Feb 12 2013, 10:32 AM)
That's good. It doesn't always have to be in ECM/CF, there's still DCM, Fixed Income Analysis. Everything is about valuation in CFA, the math level is not very high (no stochastic calculus or Ito's Lemma, PDEs) but the practical side of things is incorporated into the syllabus. If you want to have a chance to apply what you have learn about FE, best place is SG or HK.

Are you in consumer credit risk? Credit scorecard modeling?
*
yeah man. Spent countless excruciating hours studying stochastic and some more did my numerical differential methods programming and I have no chance to use them.. quite a waste. Yea... been thinking of trying my luck in SG/HK or even London ... but the market is really tight now.. i wonder when will the recovery truly comes.

yeap consumer portfolio credit. Dealing more with portfolio-wide stress testing, ICAAP and some BASEL modeling ... nowadays start doing on scorecard and decision tree modeling too. It is honestly not that boring too but the pay could have been better.. haha.

how about you ? Are you in market risk ?
atlantiz0
post Feb 12 2013, 10:50 AM

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QUOTE(Materazzi @ Feb 12 2013, 09:13 AM)
Is cfa important to climb ladder?
*
Depends on where and which department you working at I suppose. I think you can safely assume a MBA will do you more good in climbing the ladder than a CFA.

I take up CFA more due to interest... climbing ladder - it is always about your actual work performance and how you carry yourself through anyway.
fino_abama
post Feb 12 2013, 11:34 AM

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QUOTE(atlantiz0 @ Feb 12 2013, 10:47 AM)
yeah man. Spent countless excruciating hours studying stochastic and some more did my numerical differential methods programming and I have no chance to use them.. quite a waste. Yea... been thinking of trying my luck in SG/HK or even London ... but the market is really tight now.. i wonder when will the recovery truly comes.

yeap consumer portfolio credit. Dealing more with portfolio-wide stress testing, ICAAP and some BASEL modeling ... nowadays start doing on scorecard and decision tree modeling too. It is honestly not that boring too but the pay could have been better.. haha.

how about you ? Are you in market risk ?
*
I'm in Non-Traded Market Risk (Interest Rate Risk & Liquidity Risk Management, ICAAP, Basel III LCR & NSFR, Stress Testing, Scenario Analysis). If you've been there for a few years, apply for internal transfer to market or operational risk (if this practice is allowed). You're still young (I suppose) so move around and get more exposure. As you get more experience, your salary will move up, don't worry.

SG, HK, London markets are always hiring for Quants (though not on a wide scale) but you must remember, there are many FE grads out there (in SG alone, you have NUS, NTU, SMU), not to mention on the other side of the world, you have CMU, Baruch, Columbia, etc churning out Financial Engineers every year. I don' t know where you studied yours, so no offense intended.




atlantiz0
post Feb 12 2013, 12:02 PM

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QUOTE(fino_abama @ Feb 12 2013, 11:34 AM)
I'm in Non-Traded Market Risk (Interest Rate Risk & Liquidity Risk Management, ICAAP, Basel III LCR & NSFR, Stress Testing, Scenario Analysis). If you've been there for a few years, apply for internal transfer to market or operational risk (if this practice is allowed). You're still young (I suppose) so move around and get more exposure. As you get more experience, your salary will move up, don't worry.

SG, HK, London markets are always hiring for Quants (though not on a wide scale) but you must remember, there are many FE grads out there (in SG alone, you have NUS, NTU, SMU), not to mention on the other side of the world, you have CMU, Baruch, Columbia, etc churning out Financial Engineers every year. I don' t know where you studied yours, so no offense intended.
*
I'm from NUS sweat.gif ... Did not have a first class - it was cut throat in SG market anyway... so I came back msia to look for promised land when the recruiter call me up. hahaha. like you said.. i'm waiting for the opportunity to do internal transfer back to SG/HK while I prove myself in msia. 1.5 years into the job already and still waiting ...

yours sound fun - my bank has a separate balance sheet mgmt team to deal with liquidity risk... but you seem to sapu everything under non-traded except price risk... sounds like lots of good learning opportunities there. Any thoughts on FRM or PRM ?
fino_abama
post Feb 12 2013, 12:42 PM

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QUOTE(atlantiz0 @ Feb 12 2013, 12:02 PM)
I'm from NUS  sweat.gif    ... Did not have a first class - it was cut throat in SG market anyway... so I came back msia to look for promised land when the recruiter call me up. hahaha. like you said.. i'm waiting for the opportunity to do internal transfer back to SG/HK while I prove myself in msia. 1.5 years into the job already and still waiting ...

yours sound fun - my bank has a separate balance sheet mgmt team to deal with liquidity risk... but you seem to sapu everything under non-traded except price risk... sounds like lots of good learning opportunities there. Any thoughts on FRM or PRM ?
*
FRM and PRM are good risk management qualifications IMO. FRM is more on the practical side (always up-to-date) while PRM is more math-based (but not hardcore level). I've done both, so that's telling from my experience. My current employer doesn't really recognize it (but my next one does brows.gif). The knowledge helps, though, that's how I'm able to move up so fast.

1.5 years is still okay, banks in SG pay high as well for people with credit risk experience. Don't give up, keep on applying.

My unit doesn't handle price risk (that's for the Traded Market Risk unit) and because of our lean structure, 1 person will be doing 4 people's work (Per hour pay still higher than McD's). Learning curve is steep but I enjoy it.
fino_abama
post Feb 12 2013, 12:46 PM

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QUOTE(Materazzi @ Feb 12 2013, 09:13 AM)
Is cfa important to climb ladder?
*
For equity research ladder, yes. For Private Equity, like I have told you before, a top school MBA gives you a better standing. It's expensive, I know, so for the mean time, you can do the CFA program or fully focus on gaining experience and performing in your job.
fino_abama
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QUOTE(IBank BeanBag @ Feb 12 2013, 05:24 AM)
We hired three juniors but now still expanding the team. Yes! Eventually, we sell, with facts and figure.
*
Ah Bean,

If you still can't find any suitable candidates, I know a pool of people who are CFA Level 1, 2, and 3 exam candidates and those who have completed all the exams as well. If you are interested, I will put you through to my contact (not headhunter, just an education provider). FYI, I'm not earning any commission from this. Just helping out.
mercury8400
post Feb 12 2013, 04:06 PM

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QUOTE(fino_abama @ Feb 12 2013, 12:42 PM)
FRM and PRM are good risk management qualifications IMO. FRM is more on the practical side (always up-to-date) while PRM is more math-based (but not hardcore level). I've done both, so that's telling from my experience. My current employer doesn't really recognize it (but my next one does brows.gif). The knowledge helps, though, that's how I'm able to move up so fast.

1.5 years is still okay, banks in SG pay high as well for people with credit risk experience. Don't give up, keep on applying.

My unit doesn't handle price risk (that's for the Traded Market Risk unit) and because of our lean structure, 1 person will be doing 4 people's work (Per hour pay still higher than McD's). Learning curve is steep but I enjoy it.
*
Wow, I see alot of risk people here.
Anyone doing credit risk?
Should share some exp here
I'm a credit risk analyst for large corp in a well known bank in SG.
fino_abama
post Feb 12 2013, 04:22 PM

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QUOTE(mercury8400 @ Feb 12 2013, 04:06 PM)
Wow, I see alot of risk people here.
Anyone doing credit risk?
Should share some exp here
I'm a credit risk analyst for large corp in a well known bank in SG.
*
Corporate credit risk is also an interesting area. You do internal ratings modeling/CreditVAR/KMV? I'm planning to explore into Credit risk in a few years' time.
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post Feb 12 2013, 05:22 PM

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70 - 100 hours ? might as well sell ur body & soul to the bank for RM70k per year -.-
fino_abama
post Feb 12 2013, 06:08 PM

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QUOTE(fghvbn @ Feb 12 2013, 05:22 PM)
70 - 100 hours ? might as well sell ur body & soul to the bank for RM70k per year -.-
*
1) 70 - 100 hours is only for the earlier years, doing all the grunt work. Once you move up, hours lessen.

2) The package wont stay constant at rm70k per year.
atlantiz0
post Feb 13 2013, 10:58 AM

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QUOTE(fino_abama @ Feb 12 2013, 12:42 PM)
FRM and PRM are good risk management qualifications IMO. FRM is more on the practical side (always up-to-date) while PRM is more math-based (but not hardcore level). I've done both, so that's telling from my experience. My current employer doesn't really recognize it (but my next one does brows.gif). The knowledge helps, though, that's how I'm able to move up so fast.

1.5 years is still okay, banks in SG pay high as well for people with credit risk experience. Don't give up, keep on applying.

My unit doesn't handle price risk (that's for the Traded Market Risk unit) and because of our lean structure, 1 person will be doing 4 people's work (Per hour pay still higher than McD's). Learning curve is steep but I enjoy it.
*
thinking of taking up PRM after my CFA is done ... but not entirely sure if Risk is where I wanna do for the rest of my career tho - since I have the chance to rotate to other front offices as part of my MT program if I choose to .. what do you think ? Have you tried functions other than risk ?

But it's really incredible that you did both frm and prm in a short span of time - where to find discipline for that ? haha . I've heard somewhere that there are only a handful of PRM qualified candidates in Msia and most of the employers do not even know this qualification ... is that true?

like your comparison of McD salary. I think I'm underpaid with the hours I'm putting in .. hahaha .
atlantiz0
post Feb 13 2013, 11:03 AM

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QUOTE(mercury8400 @ Feb 12 2013, 04:06 PM)
Wow, I see alot of risk people here.
Anyone doing credit risk?
Should share some exp here
I'm a credit risk analyst for large corp in a well known bank in SG.
*
hiring? icon_idea.gif haha.

how would you rate your experience doing corporate credit risk ? Funny that I have a senior rotating into my consumer risk department and she told me consumer risk is much more interesting with more analysis and thinking behind the decisions - while corporate risk analysis is more governed by established policies and rules ... what would be your thought?
fino_abama
post Feb 13 2013, 02:31 PM

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QUOTE(atlantiz0 @ Feb 13 2013, 10:58 AM)
thinking of taking up PRM after my CFA is done ... but not entirely sure if Risk is where I wanna do for the rest of my career tho - since I have the chance to rotate to other front offices as part of my MT program if I choose to .. what do you think ? Have you tried functions other than risk ?

But it's really incredible that you did both frm and prm in a short span of time - where to find discipline for that ? haha . I've heard somewhere that there are only a handful of PRM qualified candidates in Msia and most of the employers do not even know this qualification ... is that true?

like your comparison of McD salary. I think I'm underpaid with the hours I'm putting in .. hahaha .
*
Advisable, cos upon passing level 3, you get exemptions from Paper 1 & 2 of the PRM program (Sadly I found out abt this later). If possible, rotate around, maybe you'll find something that you really like to do. I've been in risk when I joined and have never been in other functions. At this moment, want to expand my knowledge within market, credit and operational risk. It's been my goal to be a Chief Risk Officer. Of course would like to go into Treasury if possible (for a short stint).

There are, but not many employers who are actually aware of the existence of FRM and PRM. Not sure about your bank.

mercury8400
post Feb 13 2013, 02:55 PM

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QUOTE(atlantiz0 @ Feb 13 2013, 11:03 AM)
hiring?  icon_idea.gif haha.

how would you rate your experience doing corporate credit risk ? Funny that I have a senior rotating into my consumer risk department and she told me consumer risk is much more interesting with more analysis and thinking behind the decisions - while corporate risk analysis is more governed by established policies and rules ... what would be your thought?
*
I'm more into credit analysis where i evaluate the bank's clients business model, balance sheet, and cashflow using qualitative and quantitative methods to determine the credit worthiness of a customer and/or structure deals which mitigates the clients inherent credit risk.
It more fun than looking at risk models/KMV or VAR since i get to interact with clients and understand their business models.
I personally feel the structure and lending mechanism is more complex in corporate banking and needs much more analysis than consumer banking becuase you are dealing with conglomerates who have different businesses all ove the world.

TSIBank BeanBag
post Feb 13 2013, 08:45 PM

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y hijack my thread to discuss credit risk?

my thread is about investment banking hiring for fresh grads and interns
SUSMaterazzi
post Feb 13 2013, 11:42 PM

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If you cannot find good candidates then how come you convince markets to buy your IPO shares?
atlantiz0
post Feb 14 2013, 12:27 AM

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QUOTE(mercury8400 @ Feb 13 2013, 02:55 PM)
I'm more into credit analysis where i evaluate the bank's clients business model, balance sheet, and cashflow using qualitative and quantitative methods to determine the credit worthiness of a customer and/or structure deals which mitigates the clients inherent credit risk.
It more fun than looking at risk models/KMV or VAR since i get to interact with clients and understand their business models.
I personally feel the structure and lending mechanism is more complex in corporate banking and needs much more analysis than consumer banking becuase you are dealing with conglomerates who have different businesses all ove the world.
*
My thoughts too ... that's what I told the senior on why I am looking forward for a stint in corporate credit risk last time. Probably I should try it myself if I've got the chance.


QUOTE(IBank BeanBag @ Feb 13 2013, 08:45 PM)
y hijack my thread to discuss credit risk?

my thread is about investment banking hiring for fresh grads and interns
*
haha.. sorry bean.
goldconnection
post Feb 14 2013, 12:35 AM

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QUOTE(Materazzi @ Feb 13 2013, 11:42 PM)
If you cannot find good candidates then how come you convince markets to buy your IPO shares?
*
two different things. One is about "selling" shares and another is about "buying" candidates. Guess he must be super choosy since the market is flourished with all those supply of oversea grads looking for jobs.
TSIBank BeanBag
post Feb 14 2013, 12:50 AM

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QUOTE(Materazzi @ Feb 13 2013, 11:42 PM)
If you cannot find good candidates then how come you convince markets to buy your IPO shares?
*
we found. in fact, 3 entry level graduates 2 interns.

of which, 2 grads and 1 intern is actually from LYN.

and to comment of your question, rubbish questions such as "if you suffer from constipation, why you go hotel eat buffet dinner?" are much more valid than your question from logic perspective.

whether i can source for good candidates got nothing to do with whether my ipo shares are of good quality.


EquinoX
post Feb 16 2013, 03:10 AM

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I drilled down to deepest tunnel. Dont know how true is the "singing", so no SOS here. But that lady is superb! and btw, she isnt using any dupe -.-"

This post has been edited by EquinoX: Feb 16 2013, 03:10 AM
goldconnection
post Feb 16 2013, 01:21 PM

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The lady even posted a similar thread on FB using her real name.
dreamgirlz
post Feb 19 2013, 10:32 AM

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Hey. I am currently studying Finance in a local private uni.
As compared to graduates from overseas ranked uni, is it possible for the graduates from local private uni with CFA level 1 to secure an IB job in Msia?

kinwing
post Feb 19 2013, 11:56 AM

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QUOTE(dreamgirlz @ Feb 19 2013, 10:32 AM)
Hey. I am currently studying Finance in a local private uni.
As compared to graduates from overseas ranked uni, is it possible for the graduates from local private uni with CFA level 1 to secure an IB job in Msia?
*
No need to have CFA Level 1. When I was a fresh uni graduate and secured my 1st job in an IB at KL, I did not pass CFA Level 1 yet.
TSIBank BeanBag
post Feb 19 2013, 12:22 PM

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QUOTE(dreamgirlz @ Feb 19 2013, 10:32 AM)
Hey. I am currently studying Finance in a local private uni.
As compared to graduates from overseas ranked uni, is it possible for the graduates from local private uni with CFA level 1 to secure an IB job in Msia?
*
entirely possible.

We have hired local grad from LYN and currently performing very well within the department.

Nonetheless, top graduates from local private uni, FYI.

Would love to see the CV.

TQ.
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.



dreamgirlz
post Feb 19 2013, 01:29 PM

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QUOTE(kinwing @ Feb 19 2013, 11:56 AM)
No need to have CFA Level 1. When I was a fresh uni graduate and secured my 1st job in an IB at KL, I did not pass CFA Level 1 yet.
*
Where did you graduate from? Please dont tell me you graduated from those top ranked overseas uni.
I saw from other posts that, you need to have experience from legal or accounting firms before the IB will take you.

icon_question.gif icon_question.gif icon_question.gif
dreamgirlz
post Feb 19 2013, 01:47 PM

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QUOTE(IBank BeanBag @ Feb 19 2013, 12:22 PM)
entirely possible.

We have hired local grad from LYN and currently performing very well within the department.

Nonetheless, top graduates from local private uni, FYI.

Would love to see the CV.

TQ.
*
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
hZa23
post Feb 19 2013, 03:20 PM

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IB..not all flowers as u would like to see...
felixmask
post Feb 19 2013, 03:32 PM

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Open my direct CDS acc on dec 2012 - my 1st time meet my remisier- Yesterday got to know he resign last month when i call Maybank IB office.


Very short notice leaving.
kinwing
post Feb 19 2013, 03:37 PM

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QUOTE(dreamgirlz @ Feb 19 2013, 01:29 PM)
Where did you graduate from? Please dont tell me you graduated from those top ranked overseas uni.
I saw from other posts that, you need to have experience from legal or accounting firms before the IB will take you.

icon_question.gif  icon_question.gif  icon_question.gif
*
I graduated from overseas university, but my uni is not top rank as it ranked even lower than UM one. Some more my degree's grade was not very impressive, just a 2nd class degree. Until today I am still wondering how I could start my 1st work in an IB without any working experience and good academic result hmm.gif .

This post has been edited by kinwing: Feb 19 2013, 05:31 PM
kinwing
post Feb 19 2013, 03:42 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
*
You want to work at IB, but IB so big and many departments, even tea ladies and cleaners are part of the workers of IB. Which one you want to be in?
paranoidspaceman
post Feb 19 2013, 04:23 PM

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Here we go. Try your 'luck'. Make sure the applicant is already puas with 'enjoice' life.

Good luck and see you on the other side.

http://www.cimb.com/index.php?ch=g2_cr_job...cr_job_ib&tpt=4
dreamgirlz
post Feb 19 2013, 05:42 PM

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QUOTE(kinwing @ Feb 19 2013, 03:42 PM)
You want to work at IB, but IB so big and many departments, even tea ladies and cleaners are part of the workers of IB. Which one you want to be in?
*
I am interested in CF, trading and M&A. Would u kindly describe the environment of these parts of IB and which has the lowest barrier of entry? Btw, I love challenges and willing to fully commit to the job. And, I also worry that it is hard for grad from local uni to enter IB, since the job market is so competitive, and there are so many grads from overseas competing for the positions. icon_question.gif
goldconnection
post Feb 19 2013, 06:45 PM

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You're still studying, why not you try to do internship first? Then only decide which department you wanna go.


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
*
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.


zzstormriderzz
post Feb 22 2013, 12:48 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:57 AM)
Good degree from ranked foreign university, specialising in economics, accounting, business administration, finance and engineering.

In-depth knowledge of accounting and finance; CFA candidates who have passed at least the CFA level 1 examination are preferred.

Analytical, self-driven, a team player and able to excel under pressure.

Diligent and meticulous. Willing to work up to 70-100 hours / week during peak period.

Excellent interpersonal, communication and writing skills.

Highly proficient in Microsoft Office (Word, Excel and PowerPoint) applications.


Added on June 15, 2012, 7:57 pmranked uni just give u free entry ticket only.... not ranked den bulldoze, gate crash, pitch through
*
I know that your post has been quite a while but just want to say..
I am qualified for everything above, plus had internship experience in New York
Is your company's IB division still hiring?
What's your company's name? Can pm me?
dreamgirlz
post Feb 23 2013, 05:16 AM

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QUOTE(goldconnection @ Feb 19 2013, 06:45 PM)
You're still studying, why not you try to do internship first?  Then only decide which department you wanna go.
*
Dear goldconnection,

Do you have any info about internship in IB? I've checked the websites of many banks, they only offer internships to commercial banking. I am planning to do my internship by the end of this year, it would be 3 months. Or, do i need connections, even for internship?

Please advise.

TQVM.

goldconnection
post Feb 23 2013, 01:14 PM

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QUOTE(dreamgirlz @ Feb 23 2013, 05:16 AM)
Dear goldconnection,

Do you have any info about internship in IB? I've checked the websites of many banks, they only offer internships to commercial banking. I am planning to do my internship by the end of this year, it would be 3 months. Or, do i need connections, even for internship?

Please advise.

TQVM.
*
I do not have much info for internship in IB. As far as I know, getting an internship in IB might need some kind of connection since they don't openly advertise for internship. You can try to ask around if you have friends/alumni who work in IB and ask them to help you send over your CV. Does your school has a career fair/campus recruitment event?

But since it's still early of the year, you still can take time to search for one. If I were you, I would drop send my CV to as many IB as possible (actually just around 15). If no luck, then try those Big 4 firms, they do take in interns/VT. Worst come to worst, try commercial banks. If you have spare time, browse Jobstreet regularly, there are firms take in interns.
TSIBank BeanBag
post Feb 27 2013, 07:28 PM

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dun need so difficult. we like intern
amirsnake
post Feb 27 2013, 11:37 PM

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U can try Maybank IB

kiumo
post Mar 5 2013, 08:52 PM

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QUOTE(IBank BeanBag @ Feb 27 2013, 07:28 PM)
dun need so difficult. we like intern
*
Hello, please check your PM! sent you my details. thanks
EverestHeights85
post Mar 11 2013, 03:02 PM

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QUOTE(IBank BeanBag @ Feb 27 2013, 07:28 PM)
dun need so difficult. we like intern
*
Hi Bean Bag,

Since you are in the know, I would appreciate if you could shed some light on the rumours going on in regards to CIMB IB having a headcount freeze at the moment.

I'm currently with one of the BBs in KL doing Research and am looking at hopping to another BB in SG/KL or to CIMB in KL.


Thanks
holybo
post Mar 11 2013, 05:55 PM

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Hi, I would like to ask is it an engineering students are qualified to join IB? with around 1 year+ investment experience in Bursa
EverestHeights85
post Mar 11 2013, 06:21 PM

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QUOTE(holybo @ Mar 11 2013, 05:55 PM)
Hi, I would like to ask is it an engineering students are qualified to join IB? with around 1 year+ investment experience in Bursa
*
I've had colleagues with engineering/law background, but on top of their basic degrees, they are equipped with either the CFA or an MBA from a top tier uni (think INSEAD, Oxbridge, HKUST or the Ivy Leagues).

If doing the CFA or MBA isn't that feasible at this point in time, perhaps you should try out the Bloomberg Assessment Test or CMSRL exams. Having these done, would perhaps demonstrate the minimum amount of technical knowledge that is expected of a IBanker.


holybo
post Mar 11 2013, 08:34 PM

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QUOTE(EverestHeights85 @ Mar 11 2013, 06:21 PM)
I've had colleagues with engineering/law background, but on top of their basic degrees, they are equipped with either the CFA or an MBA from a top tier uni (think INSEAD, Oxbridge, HKUST or the Ivy Leagues).

If doing the CFA or MBA isn't that feasible at this point in time, perhaps you should try out the Bloomberg Assessment Test or CMSRL exams. Having these done, would perhaps demonstrate the minimum amount of technical knowledge that is expected of a IBanker.
*
Thank you very much! rclxms.gif
eugenechiuu
post Mar 22 2013, 05:28 AM

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QUOTE(IBank BeanBag @ Feb 27 2013, 07:28 PM)
dun need so difficult. we like intern
*
Hi there, may I know if you're still hiring nowadays? I just graduated with MSc Finance from Imperial College Business School and currently preparing for CFA Level 2 exam, would be great if I can have more details of your company and the job scope.
d7adict
post Mar 24 2013, 11:32 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:35 PM)
hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh  grad, interview until i pusing...
where r good ppl?

willing to pay also canot find  cry.gif  cry.gif  cry.gif
*
Hi,

Are you still hiring people for IB? Would you consider fresh grad with no finance background for the job?
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?
*
yes.
siew14
post Mar 28 2013, 06:04 PM

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check jobstreet guys.. his company is hiring again.. rclxms.gif
eugenechiuu
post Mar 29 2013, 10:26 PM

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QUOTE(siew14 @ Mar 28 2013, 06:04 PM)
check jobstreet guys.. his company is hiring again..  rclxms.gif
*
Hmm, don't even know the name of his company. How can I apply lol
siew14
post Mar 30 2013, 12:18 PM

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QUOTE(eugenechiuu @ Mar 29 2013, 10:26 PM)
Hmm, don't even know the name of his company. How can I apply lol
*
if u willing to take the initiative to search job & career section, you will definitely know his company... blush.gif
IMRecon
post Apr 8 2013, 03:30 PM

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QUOTE(Hell Sweeper @ Mar 30 2013, 03:53 PM)
what criteria do you look for in a fresh dude with non-finance background? checked the jobstreet page, it seems like you want those who have cfa knowledge? am i wrong?
*
IB does take in anyone from any background, and TS is an engineer by training.

Anyway, you have to be good and do your own studies. CFA or not, having it is just a plus. Even with CFA level 3, if you cannot even answer the typical IB interview questions like: how $10 depreciation affect the P&L? What is an enterprise value? How do you derive it? etc etc..... You won't be taken compared to a history graduate who is able to answer them and is self-driven and independent..


nbird88
post May 5 2013, 01:47 PM

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QUOTE(IBank BeanBag @ Mar 27 2013, 03:22 PM)
yes.
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HI, I have PMed u regarding the job. Please get back to me once you have seen it. thanks
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
bobcharli
post Jun 5 2013, 11:15 PM

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QUOTE(IBank BeanBag @ May 18 2013, 03:58 AM)
I normally get back to you guys quite fast but have been bz lately.

Yes, recruitment continues. Sending CV via PM is welcomed
*
IBank BeanBag, I would be interested to hear what your IB has to offer. I'm graduating from a top school in NZ and already have offers from Big 4 here. But IB is something that I really want to do. PM me the additional info.

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
sendomike
post Jun 10 2013, 11:22 PM

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QUOTE(IBank BeanBag @ May 18 2013, 12:58 AM)
I normally get back to you guys quite fast but have been bz lately.

Yes, recruitment continues. Sending CV via PM is welcomed
*
Hi, am interested in the job. Graduated from Universiti Teknologi PETRONAS, second class upper.
PM me. Thanks!
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!
*
Y dun u PM ur CV over instead of me PM u?

Just being frank here. What do you expect me to say?
goldconnection
post Jun 16 2013, 03:36 PM

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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!
*
Your school do not look attractive to him...
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...
*
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
*
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.
*
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.
*
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.
*
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?
*
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
adam_phantom
post Aug 21 2013, 03:29 AM

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This post has been edited by adam_phantom: Aug 21 2013, 03:31 AM
snai85
post Aug 21 2013, 04:34 AM

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My opinion:

i) Don't expect your subordinate can perform job as you do..Some people need to adapt with the environment before they can start to perform

ii) Only foreign Uni graduate? Local grads can't do any job?? I saw a lot of "Foregn Uni" grads unable to perform compared with the local grad. Mostly come-out from their uni with an egoism as a package but unable to perform and always ask question without effort to find answers by themselves.

iii) 70 hours for 5 days a week (14 hours)..is that your minimum working hours? It is totally not worth even you pay them with 5k...as I mention, the new joiners need some time to adapt..but at the same time not to pampered them.

iv) If you do want people to work that hard...why don't you take 2 person and pay them rm2.5k? Atleast if they can work 9 hours (normal working hour) daily, with 2 of them, you can get around 90 hours per week consistently. At the same time don't be too strict on the requirement.

Thanks
atlantiz0
post Aug 21 2013, 09:54 AM

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QUOTE(snai85 @ Aug 21 2013, 04:34 AM)
My opinion:

i) Don't expect your subordinate can perform job as you do..Some people need to adapt with the environment before they can start to perform
Don't work in investment bank then. The expectation is that you either have it in you when you join, or you learn darn fast. Hence the stringent selection bro.

ii) Only foreign Uni graduate? Local grads can't do any job?? I saw a lot of "Foregn Uni" grads unable to perform compared with the local grad. Mostly come-out from their uni with an egoism as a package but unable to perform and always ask question without effort to find answers by themselves.
I think it is not an absolute requirement to be foregin grads. I dont think the hiring team cares , given if you can perform well.

iii) 70 hours for 5 days a week (14 hours)..is that your minimum working hours? It is totally not worth even you pay them with 5k...as I mention, the new joiners need some time to adapt..but at the same time not to pampered them.
pretty normal hours I thought - have you heard how long the management consultants need to work?

iv) If you do want people to work that hard...why don't you take 2 person and pay them rm2.5k? Atleast if they can work 9 hours (normal working hour) daily, with 2 of them, you can get around 90 hours per week consistently. At the same time don't be too strict on the requirement.
you mean to say - we can replace one warren buffett with 100 snai85? Dont think so leh.

Thanks
*
By the way, read an old article recently on IB/WallSt. "Much of what investment bankers do is socially worthless" ... pretty neatly elaborated
http://www.newyorker.com/reporting/2010/11...fa_fact_cassidy
iceypain
post Aug 21 2013, 10:10 AM

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QUOTE(snai85 @ Aug 21 2013, 04:34 AM)
My opinion:

i) Don't expect your subordinate can perform job as you do..Some people need to adapt with the environment before they can start to perform

ii) Only foreign Uni graduate? Local grads can't do any job?? I saw a lot of "Foregn Uni" grads unable to perform compared with the local grad. Mostly come-out from their uni with an egoism as a package but unable to perform and always ask question without effort to find answers by themselves.

iii) 70 hours for 5 days a week (14 hours)..is that your minimum working hours? It is totally not worth even you pay them with 5k...as I mention, the new joiners need some time to adapt..but at the same time not to pampered them.

iv) If you do want people to work that hard...why don't you take 2 person and pay them rm2.5k? Atleast if they can work 9 hours (normal working hour) daily, with 2 of them, you can get around 90 hours per week consistently. At the same time don't be too strict on the requirement.

Thanks
*
lol dude. no one's forcing you to take the job...
hercules899
post Aug 21 2013, 01:39 PM

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QUOTE(snai85 @ Aug 21 2013, 04:34 AM)
My opinion:

i) Don't expect your subordinate can perform job as you do..Some people need to adapt with the environment before they can start to perform

ii) Only foreign Uni graduate? Local grads can't do any job?? I saw a lot of "Foregn Uni" grads unable to perform compared with the local grad. Mostly come-out from their uni with an egoism as a package but unable to perform and always ask question without effort to find answers by themselves.

iii) 70 hours for 5 days a week (14 hours)..is that your minimum working hours? It is totally not worth even you pay them with 5k...as I mention, the new joiners need some time to adapt..but at the same time not to pampered them.

iv) If you do want people to work that hard...why don't you take 2 person and pay them rm2.5k? Atleast if they can work 9 hours (normal working hour) daily, with 2 of them, you can get around 90 hours per week consistently. At the same time don't be too strict on the requirement.

Thanks
*
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 .

This post has been edited by hercules899: Aug 21 2013, 01:46 PM
thelws
post Aug 21 2013, 03:11 PM

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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.

This post has been edited by thelws: Aug 21 2013, 03:35 PM
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.
*
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 .
*
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.
siew14
post Aug 22 2013, 09:53 AM

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QUOTE(IBank BeanBag @ Aug 22 2013, 01:03 AM)
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.
*
can give some example on how they talk? Nvr met ivy league or imperial college people or genious people before..
blush.gif
sendomike
post Aug 22 2013, 10:09 AM

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QUOTE(siew14 @ Aug 22 2013, 10:53 AM)
can give some example on how they talk? Nvr met ivy league or imperial college people or genious people before..
blush.gif
*
During my time, my uni (UTP) takes all the best students as PETRONAS scholars. We are "considered" the best of the best..
we are still talking like normal people.

If you really want to see people from ivy league and how they talk, look at some of our politicians, so called Harvard or ivy league graduates doh.gif
Tirek
post Aug 22 2013, 01:53 PM

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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
fletcherwind
post Aug 22 2013, 02:19 PM

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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.
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
*
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.
*
I have to agree but if you have a degree from top uni, ah bean still wants to hear from you.
wkphang
post Oct 1 2013, 03:04 AM

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QUOTE(sendomike @ Aug 22 2013, 10:09 AM)
During my time, my uni (UTP) takes all the best students as PETRONAS scholars.  We are "considered" the best of the best..
we are still talking like normal people.

If you really want to see people from ivy league and how they talk, look at some of our politicians, so called Harvard or ivy league graduates  doh.gif
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ahhh ic, unfortunately, they are looking for fresh grad... else experience speaks louder than qualification. smile.gif
love2ks
post Nov 20 2013, 09:05 AM

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QUOTE(IBank BeanBag @ Oct 1 2013, 12:21 AM)
I have to agree but if you have a degree from top uni, ah bean still wants to hear from you.
*
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.
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.
*
Replied.

Very good teaser. I like your uni.

PM your CV over. Let's have a chat ASAP.
xin123
post Dec 2 2013, 11:18 PM

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Hi, i was just wondering.
(I'm not in this field)
Can you guys Define "exceptionally good" in the IB industry?
Thx

This post has been edited by xin123: Dec 2 2013, 11:25 PM
UnknownDave
post Dec 3 2013, 12:13 AM

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Got any connections to join IT Technical Support position within RHB?

Just trying my luck. laugh.gif
evanesence117
post Dec 3 2013, 09:10 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
*
Isn't it fairly easy to become a politician though? If you have good connection or well connected parents you're almost guaranteed a spot.
evanesence117
post Dec 3 2013, 09:33 AM

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QUOTE(dreamgirlz @ Feb 19 2013, 01:29 PM)
Where did you graduate from? Please dont tell me you graduated from those top ranked overseas uni.
I saw from other posts that, you need to have experience from legal or accounting firms before the IB will take you.

icon_question.gif  icon_question.gif  icon_question.gif
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No you don't need that, they seek for lots of fresh graduates too.
outpace
post Dec 4 2013, 11:41 PM

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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.



malpczone
post Dec 5 2013, 10:33 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.
*
Overly long hours is inhumane i think.


Always pros and cons
ArSe-SeNG
post Dec 5 2013, 03:08 PM

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Over there, BOAML could have very differing work cultures compared to IBs in Malaysia...
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.
*
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.
TSIBank BeanBag
post Dec 9 2013, 08:59 AM

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QUOTE(xin123 @ Dec 2 2013, 11:18 PM)
Hi, i was just wondering.
(I'm not in this field)
Can you guys Define "exceptionally good" in the IB industry?
Thx
*
Apa pun Boleh = exceptionally good.
nicholasjack
post Dec 9 2013, 01:51 PM

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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
*
I don't think there is anything wrong with the requirements. It is only fair that hardworking and highly motivated tier-1 fresh grads with strong ethics and discipline be hired for a job like that. I mean, of course everyone wants to do Ibanking, a job which is on top of the food chain, a fast paced job that adds value to the organization and even the country's economy in a far larger scale than any other industries, but only people who are qualified should get it smile.gif
malpczone
post Dec 13 2013, 09:14 AM

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I havent found any bank auditors hours or sense of security to be more challenging than sales.
Vintarous
post Dec 25 2013, 04:36 PM

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Surprise that this post is still around..
lawtm
post Jan 5 2014, 12:03 PM

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fresh graduate degree holder major in finance with cgpa 3.44/4.00 suitable with this vacancy?
NahseK312
post Jan 5 2014, 12:10 PM

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QUOTE(nicholasjack @ Dec 9 2013, 01:51 PM)
I don't think there is anything wrong with the requirements. It is only fair that hardworking and highly motivated tier-1 fresh grads with strong ethics and discipline be hired for a job like that. I mean, of course everyone wants to do Ibanking, a job which is on top of  the food chain, a fast paced job that adds value to the organization and even the country's economy in a far larger scale than any other industries, but only people who are qualified should get it  smile.gif
*
It does? How was the comparison made? smile.gif
Boon Su
post Jan 8 2014, 01:21 AM

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Ah Bean, is this position still available?
Mundane
post Jan 8 2014, 05:29 AM

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Mr Bean, by fresh graduates, do you also consider graduate applications who graduated from a well known university in Australia but have no relevant experience in the industry?
TSIBank BeanBag
post Apr 30 2014, 10:47 PM

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Yes. and we just up the ante and pay even up to 105k per year all in for fresh grads.

Now even have CF positions.

105k / 365 day / 14 hours. About RM20 per hour.
Fiona Chin
post May 1 2014, 01:16 AM

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IB so low pay in Malaysia?
TSIBank BeanBag
post May 1 2014, 01:37 AM

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junior very low pay, but bosses easily get 20x of that yet very little hours.

2 mil / 52 weeks / 55 hours = RM700 per hour
Fiona Chin
post May 1 2014, 02:29 AM

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Offer from SG IB for fresh grad 7-8 years ago was already more than 70k sgd. 70k rm now...
TSIBank BeanBag
post May 1 2014, 02:39 AM

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Offer from SG IB for fresh grad today is still around there. And tier one SG IB only offer 20-40 seats a year and how many of them are Malaysian?

We are more than happy to take the 41.
Fiona Chin
post May 1 2014, 11:20 AM

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20-40 per year biggrin.gif biggrin.gif biggrin.gif Got that number from? I was one of them that was offered. There are many Malaysian in Singapore IB too. Just want to say 70k rm is not attractive enough to get the competent person to join yours.

This post has been edited by Fiona Chin: May 1 2014, 11:23 AM
TSIBank BeanBag
post May 1 2014, 01:46 PM

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QUOTE(Fiona Chin @ May 1 2014, 11:20 AM)
20-40 per year  biggrin.gif  biggrin.gif  biggrin.gif Got that number from? I was one of them that was offered. There are many Malaysian in Singapore IB too. Just want to say 70k rm is not attractive enough to get the competent person to join yours.
*
Not sure if you are being offered to a bulge bracket or not. The seats available, can count, we work with the Bulge Brackets a lot. Many of us at one point or the other would have been flew in to Singapore for superday and / or being offered a position at one of the tier-1 or tier-2 banks.

It is pretty clear that the IBD / CF / ECM /DCM of the bulge brackets did not hire average of two Malaysian per bank per year. Many of our talents are from very decent background. The Singapore year one analyst batch are not that large.

Ultimately, it is a personal choice. Those who are out of the 40 seats can wait at the sideline or move down the list to tier-2 and tier-3 banks.

I have interviewed a BNM Scholar from LSE with 7 SUKMA Gold Medals in a year. We have had interns from ivy league unis / imperial college / LSE etc.

More importantly, which way would allow you to rise to directorship. VP in bulge brackets pay you 350k SGD all in. and if you could not demonstrate your potential of bringing US$4 mil revenue to the bank per year, you are likely to be a VP for quite a while.

MD is a role when you bring in US$10 mil a year. Every Bulge Brackets has few MDs and there are only so many mega deals every year in SEA. That explains why so many MDs in Stanchart come and go.

A MD-equivalent banker in KL may have made 300k SGD (base case) and answering US$3 mil budget. If you are capable of doing US$10 mil, you will be quite a super star and can make around 500k SGD.

The baseline here is many of us keep harping on the difference of 130k - 160k SGD vs 20k-25k SGD paid to IB staff in Malaysia. We . We forgot that the top 3 out of the cohort of 50 to 80 fresh grads get paid 40k SGD - 55k SGD in their first year and up to 70k SGD as early as the second year.

Many of us forgot about the exponential increments that we are getting in Malaysia and only few know that our best year-three associates are mostly paid about 80k SGD to 125k SGD. Now you compare it with the year three associates that make up to 250k SGD in Bulge Brackets, the difference has narrowed down.

If you have friends that are year-seven / eight investment bankers and making around 40k SGD -50k SGD, a good question is to ask how many 120-hour work weeks they had over the last 5 years. Have they been bringing deals to the table to feed their juniors? Whether they think they are of bulge brackets materials? When is the last time they attended an IBD / CF interview at tier-1 / tier-2 banks in Singapore?

I often hear people saying that we are working very hard: 9am - 8pm with 2-hour lunch in between and even have to work on Saturday. Including lunch hours, that is only 66 hours and I can be pretty sure that my friends at Bulge Brackets are not as relax as this.

Notwithstanding of the above, I do agree that $$$ is not everything and a lot of our peers don't wish to put in so much hours for that extra $ that comes in the form of performance-based bonus.

Now that the parameters are clear, I welcome feedback and criticism on my view of Malaysia IB landscape.

That said, CF opening is available, ECM opening may be created for top-of-the-curve, outright impressive candidates.

You can PM me your CV wen you are ready and can understand the IB industry.



crakalatin
post May 1 2014, 08:54 PM

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Looking for a career change. No experience in IB. Would you still consider?! I will be interested.
TSIBank BeanBag
post May 2 2014, 01:11 AM

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No need experience but need to convince me u r serious n u know what is IB.

If dunno... near 0 chance
Mundane
post May 2 2014, 02:22 AM

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Do you also accept applications from foreigners? I've been in Malaysia since 10 years old and have always been here under a student pass. Now that I'm back from Australia, there just isn't anyone looking to hire foreign graduates with limited work experience.
Carl Johnson
post May 2 2014, 09:11 AM

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just an engineering student pass by.... cool2.gif
judejude
post May 2 2014, 09:24 AM

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What is the advice for an IB junior to move up the career ladder faster?
Fiona Chin
post May 2 2014, 11:54 AM

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QUOTE(IBank BeanBag @ May 1 2014, 01:46 PM)
Not sure if you are being offered to a bulge bracket or not. The seats available, can count, we work with the Bulge Brackets a lot. Many of us at one point or the other would have been flew in to Singapore for superday and / or being offered a position at one of the tier-1 or tier-2 banks.

It is pretty clear that the IBD / CF / ECM /DCM of the bulge brackets did not hire average of two Malaysian per bank per year. Many of our talents are from very decent background. The Singapore year one analyst batch are not that large.

Ultimately, it is a personal choice. Those who are out of the 40 seats can wait at the sideline or move down the list to tier-2 and tier-3 banks.

I have interviewed a BNM Scholar from LSE with 7 SUKMA Gold Medals in a year. We have had interns from ivy league unis / imperial college / LSE etc.

More importantly, which way would allow you to rise to directorship. VP in bulge brackets pay you 350k SGD all in. and if you could not demonstrate your potential of bringing US$4 mil revenue to the bank per year, you are likely to be a VP for quite a while.

MD is a role when you bring in US$10 mil a year. Every Bulge Brackets has few MDs and there are only so many mega deals every year in SEA. That explains why so many MDs in Stanchart come and go.

A MD-equivalent banker in KL may have made 300k SGD (base case) and answering US$3 mil budget. If you are capable of doing US$10 mil, you will be quite a super star and can make around 500k SGD.

The baseline here is many of us keep harping on the difference of 130k - 160k SGD vs 20k-25k SGD paid to IB staff in Malaysia. We . We forgot that the top 3 out of the cohort of 50 to 80 fresh grads get paid 40k SGD - 55k SGD in their first year and up to 70k SGD as early as the second year.

Many of us forgot about the exponential increments that we are getting in Malaysia and only few know that our best year-three associates are mostly paid about 80k SGD to 125k SGD. Now you compare it with the year three associates that make up to 250k SGD in Bulge Brackets, the difference has narrowed down.

If you have friends that are year-seven / eight investment bankers and making around 40k SGD -50k SGD, a good question is to ask how many 120-hour work weeks they had over the last 5 years. Have they been bringing deals to the table to feed their juniors? Whether they think they are of bulge brackets materials? When is the last time they attended an IBD / CF interview at tier-1 / tier-2 banks in Singapore?

I often hear people saying that we are working very hard: 9am - 8pm with 2-hour lunch in between and even have to work on Saturday. Including lunch hours, that is only 66 hours and I can be pretty sure that my friends at Bulge Brackets are not as relax as this.

Notwithstanding of the above, I do agree that $$$ is not everything and a lot of our peers don't wish to put in so much hours for that extra $ that comes in the form of performance-based bonus.

Now that the parameters are clear, I welcome feedback and criticism on my view of Malaysia IB landscape.

That said, CF opening is available, ECM opening may be created for top-of-the-curve, outright impressive candidates.

You can PM me your CV wen you are ready and can understand the IB industry.
*
Ya mine was one of the bulge bracket. I declined my offer that time so thanks for the offer. Just went to the interview for the prestige of getting the offer actually. One of my course mate and another one from different faculty accepted the offer. Both Malaysian. I am only commenting on your statement saying 20-40 seat per year and not many of them are Malaysians. Nationalities has nothing to do here. We can hold foreign degree but are still Malaysian, for sure IBs won't have quota based on nationalities. Personally I think your 40 seats per year for the 8-9 IBs in the SG bulge bracket here is too little. 3-4 opening each year for the financial hub SG market? This island is small, but not that small for IB jobs...
TSIBank BeanBag
post May 2 2014, 12:56 PM

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QUOTE(Fiona Chin @ May 2 2014, 11:54 AM)
Ya mine was one of the bulge bracket. I declined my offer that time so thanks for the offer. Just went to the interview for the prestige of getting the offer actually. One of my course mate and another one from different faculty accepted the offer. Both Malaysian. I am only commenting on your statement saying 20-40 seat per year and not many of them are Malaysians. Nationalities has nothing to do here. We can hold foreign degree but are still Malaysian, for sure IBs won't have quota based on nationalities. Personally I think your 40 seats per year for the 8-9 IBs in the SG bulge bracket here is too little. 3-4 opening each year for the financial hub SG market? This island is small, but not that small for IB jobs...
*
Sorry, was not clear earlier. Not offering you a job but generally inviting the readers to send in CVs which they have been to.

Back to you view that 3-4 opening for year one analyst per year is too little, the bulge bracket CF team is around 20-30 people and that could be bigger than the DCM / ECM (3-5 headcounts) / M & A or IBD. All in the core team per bank is likely to be below 80 heads, and assuming a 20% analysts to overall ranks ratio, that will be around 16 of them and about five each year. around there.

If you know 10 persons that are bulge bracket year one IB analyst, I would think you have really good network. There is no quota for nationalities, but based on bankers that I worked with, Malaysia is not even a quarter of them. that is an observation rather than forecast.
nicholasjack
post May 9 2014, 07:25 PM

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QUOTE(IBank BeanBag @ May 2 2014, 01:11 AM)
No need experience but need to convince me u r serious n u know what is IB.

If dunno... near 0 chance
*
Hello Ah Bean I am not sure if you remember me but I am a fresh grad from a top 50 university from in the US (but no Ivy) and I had a corporate finance internship with Maestro Capital recently. I have just finished my internship recently and this CF analyst job seems like the perfect dream job for me. I admit I am not yet excellent in Excel but I have the endurance and I can definitely take the 100 hours/week workload. I have sent you my latest resume but I am not sure you have stumbled upon it. Hopefully I will get the opportunity to try out this position.

This post has been edited by nicholasjack: May 9 2014, 07:27 PM
TSIBank BeanBag
post May 12 2014, 12:15 PM

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QUOTE(jelly jelly @ May 12 2014, 03:33 AM)
Hello ah bean, I heard someone somehow managed 2 find out ur basic pay 2b close 2 RM15k /mth & it is around RM12k in 2012). N ur bonus for the last 2 yrs iz 36 months.

Izzit this figure correct can u tell us bcause it mean RHB paying u RM500k 1 year 4 2012 and RM720k 1 year 4 2013?

How u make urself most expensive senior mgr in rhb? U r not from osk - I heard ex-osk pay better than rhb.

Is ur dad dato' bean or tan Sri beannie?
*
My dad is not dato' bean or tan Sri beannie.

I am not authorised to comment on my remuneration package.
VR9099
post May 13 2014, 05:32 PM

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QUOTE(jelly jelly @ May 12 2014, 12:31 PM)
Thanks for confirming your package.

Am really impressed with you.

Below 30 years old and RM720k a year gross. Average RM60k.

I am sure banyak amoi ya?  brows.gif  brows.gif
*
wow jelly jelly, you really have alot of insider knowledge.

Come come, share with us the juicy things that you know about RHB IB or other IBs in Malaysia.

On behalf of all forumers, I thank you in advance, haha.

To ibean, fantastic salary you have there! Any tips you could share on how to succeed/earn big bucks in IBs?



nightzstar
post May 13 2014, 10:49 PM

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still cannot find? lel applied also no news.
TSIBank BeanBag
post May 15 2014, 01:18 PM

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QUOTE(jelly jelly @ May 13 2014, 10:32 PM)
Ah bean salary is way higher than his 10+ years QSP seniors @ the CF side ya?

No wonder Ah Bean forever stay @ RHB even he has already been going to Credit Suisse etc for interview few times.

Crazy huh? No wonder Ah bean no problem paying his junior very well. Cos even he pays fresh grads RM150k / yr, he is still making 5x more than them.

RHB is really best bonus paying bank in town. Heard even CF bonus is double that of last year in number of months. A lot of them buying new cars huh? And bigger house?
*
Hey Jelly, can you stop discussing sensitive info of me? Now people has been telling me over whatsapp on what they read about me and my rumuneration package on LYN.

U too free ya?

Can you guys focusing of helping me to get CVs for CF / ECM cos the bank urgently need people?

Else my colleague will all create account here. Ibank Meja, Ibank Kerusi, Ibank Wine Cellar, Ibank Tablet, Ibank Laptop.

Die la, like that. rclxub.gif
bunzbunz
post May 15 2014, 04:15 PM

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saw your requirements for your candidate i was like wow, flying colors. i dont have flying colors results. may be others will say i have red eyes and sour grapes, but i want to say that flying colors in results doesn't mean can perform really well at work. i had the experience of guiding someone like this, i literally wanna vomit blood and feel like jumping from the building.

saw some comments stating fresh grads not willing to work long hours. yes, cant deny that but definitely not me and my gang of friends. when it comes to the need or it becomes a habit, we work 7 days a week, more than 12 hours a day with the tiny fresh grad pay. we work to the extent of waking up in the middle of the night and visiting clinic on monthly basis. of course, there are fresh grad that want high pay with low amount of work. who doesnt want this?
jwyong001
post May 15 2014, 05:24 PM

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QUOTE(jelly jelly @ May 15 2014, 01:54 PM)
Yes. I am very free.

I want to reiterate to the whole wide world that my friend saw ah bean's pay and bonus cos they can access the system.

His pay 15k, bonus 36 months. Total package 720k. Highest paid senior manager in RHB.
*
u just sound like a loser and ur friend might be get sue because of you due to reveal his bank customer sensitive information. Get a life dude.

https://forum.lowyat.net/topic/3169887/+20
SUSY.J.S
post May 15 2014, 09:01 PM

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Wait for me beanie I'll be back 12 years later from the UK wink.gif

And am very interested in investment banking happy.gif
beanbag ibank
post May 28 2014, 11:26 AM

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pls feel free to resubmit CV to this account. Please do not tell me to explain the job to you.

If you cannot figure out how IB works, you can never be able to position a company and contribute to prospectus drafting after being showed the business.
dontforcemepls
post May 29 2014, 05:51 PM

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I've submitted my resume to you (beanbag ibank) together with cover letter. Please have a look, thanks!
Chew KZ
post May 29 2014, 09:21 PM

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I think be social escort better. Can earn even more.

I bet all the gals in rhb looks like pork chop.
beanbag ibank
post Jun 30 2014, 05:19 PM

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For whoever that keen to apply pls note ah bean's new ID as beanbag ibank
siew14
post Jul 10 2014, 02:06 PM

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QUOTE(beanbag ibank @ Jun 30 2014, 05:19 PM)
For whoever that keen to apply pls note ah bean's new ID as beanbag ibank
*
hello,

can you please share how does the industry consolidation will affect the head counts for CF/ECM ? or perhaps on the research side as well?

appreciate your feedback on this matter.. notworthy.gif
Avocadotuna
post Aug 16 2014, 08:31 PM

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Hello guys, just wondering if a CF department in IB (other than HQ) also has a good prospect?? biggrin.gif A reply/opinion in this will be greatly appreciated!!! rclxms.gif
beanbag ibank
post Aug 25 2014, 11:58 PM

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QUOTE(siew14 @ Jul 10 2014, 02:06 PM)
hello,

can you please share how does the industry consolidation will affect the head counts for CF/ECM ? or perhaps on the research side as well?

appreciate your feedback on this matter..  notworthy.gif
*
It will first allow you to get in, and subsequently, depending or deal structure, make you RHB, CIMB, something else or jobless.
beanbag ibank
post Aug 25 2014, 11:59 PM

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QUOTE(Avocadotuna @ Aug 16 2014, 08:31 PM)
Hello guys, just wondering if a CF department in IB (other than HQ) also has a good prospect??  biggrin.gif A reply/opinion in this will be greatly appreciated!!!  rclxms.gif
*
OK wor. but mayb promotion slower?
beanbag ibank
post Aug 26 2014, 12:00 AM

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oh.... CF position available. Ah bean +> beanbag ibank (n not ah bang, nor ah beng) can help you reach out to CF colleague.

CV pls via PM
beanbag ibank
post Aug 26 2014, 01:41 AM

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to apply. click PM and send me your CV if you are very confident u can also post here.
-Aktan-
post Sep 1 2014, 01:36 PM

2.6b dah masuk bro
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Wa... Ah bean.. Any chance for retail banking line to switch to ibank?
beanbag ibank
post Sep 10 2014, 12:44 PM

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QUOTE(-Aktan- @ Sep 1 2014, 01:36 PM)
Wa... Ah bean.. Any chance for retail banking line to switch to ibank?
*
yes, start from near 0 but better be very good
Trait0r
post Sep 16 2014, 10:45 AM

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If anyone is interested in working in futures broking, do contact me. Really hard to find good help nowadays
adele123
post Sep 17 2014, 10:08 PM

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If only i have seen this 6 months ago. Maybe could have summoned up enough bravery, skills and brains to ask for a job. LOL

what will be will be...

out of curiousity, ex-colleague (FI fund manager) told me once getting 12, 36 or even 60 months bonus is actually realistic in IB. is 60 months a thing in the past or actually still heard of?

and also out of curiousity... 2years working, still possible to land a job in IB? if truly serious?


This post has been edited by adele123: Sep 17 2014, 11:41 PM
tehoice
post Oct 20 2014, 11:52 AM

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QUOTE(adele123 @ Sep 17 2014, 10:08 PM)
If only i have seen this 6 months ago. Maybe could have summoned up enough bravery, skills and brains to ask for a job. LOL

what will be will be...

out of curiousity, ex-colleague (FI fund manager) told me once getting 12, 36 or even 60 months bonus is actually realistic in IB. is 60 months a thing in the past or actually still heard of?

and also out of curiousity... 2years working, still possible to land a job in IB? if truly serious?
*
yup, this is possible, please pm him.

QUOTE(IsaacVky @ Oct 20 2014, 11:30 AM)
Analysts for research in particular sectors got ah?

I read research reports from Maybank, HLBB, RHB and Ambank for a certain sector frequently due to job requirement. But sometimes the research report is so badly written I thought I can do a better job.
*
he is looking for candidates for cf/ecm team, he's in ecm, if i remember correctly, so most likely that you will need to look for other avenue.
Izzizoiz
post Oct 20 2014, 02:18 PM

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have you tried considering SPM leavers? uneducated maybe but theyre pretty hardcore learners, give them this opportunity they work like dog for you forever
audio technica
post Nov 11 2014, 08:48 PM

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no offense...if so qualified to work for IB, i think smart ones would use brain power and do their own ventures
Babizz
post Nov 13 2014, 11:43 AM

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QUOTE(audio technica @ Nov 11 2014, 06:48 AM)
no offense...if so qualified to work for IB, i think smart ones would use brain power and do their own ventures
*
at a very young age, they would rather slog it out in an IB n make good bonuses before setting up a biznes later on..
babykon101
post Nov 13 2014, 12:32 PM

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What is the requirement for this? Can an engineering degree take this up?

As i checked in JS, it says need Finance degree or sth. Im engineering grad but I always liked office jobs and interesting in anything related to Finance ever since i sat for my finance for engineer paper.
Imdarren
post Nov 18 2014, 09:52 AM

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Im pretty sure TS' IB house is on a hiring freeze. Let's just hope it gets sold to a decent buyer.
audio technica
post Nov 22 2014, 11:29 PM

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QUOTE(Babizz @ Nov 13 2014, 11:43 AM)
at a very young age, they would rather slog it out in an IB n make good bonuses before setting up a biznes later on..
*
and those are the bunch that would never make it anywhere tongue.gif
Babizz
post Nov 24 2014, 12:35 PM

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QUOTE(audio technica @ Nov 22 2014, 09:29 AM)
and those are the bunch that would never make it anywhere  tongue.gif
*
im sorry but my friend makes more than 150k 2yrs out of college.. I'm pretty sure he'll open up a business soon and make even more!
audio technica
post Nov 27 2014, 01:36 PM

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QUOTE(Babizz @ Nov 24 2014, 12:35 PM)
im sorry but my friend makes more than 150k 2yrs out of college.. I'm pretty sure he'll open up a business soon and make even more!
*
good luck to him if being a human calculator has any benefit in the real world.
ChooseForDeal
post Nov 30 2014, 07:34 PM

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Any idea how to contact beanbag as the last active was sept 2014? smile.gif
beanbag ibank
post May 17 2015, 08:08 PM

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yes. contact beanbag ibank instead
beanbag ibank
post May 17 2015, 08:15 PM

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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.
SUSrobertchoo
post May 18 2015, 12:09 PM

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QUOTE(Babizz @ Nov 24 2014, 12:35 PM)
im sorry but my friend makes more than 150k 2yrs out of college.. I'm pretty sure he'll open up a business soon and make even more!
*
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
bernking
post May 18 2015, 04:14 PM

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as an experienced electronics engineer, can i go into investment banking?
siew14
post May 19 2015, 11:04 AM

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QUOTE(bernking @ May 18 2015, 04:14 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.


notmycupoftea
post May 22 2015, 05:00 PM

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QUOTE(beanbag ibank @ May 17 2015, 08:15 PM)
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.
*
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?


Frostlord
post May 22 2015, 05:01 PM

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QUOTE(IBank BeanBag @ Jun 15 2012, 06:35 PM)
hey all, i am here to b****.

At first i thought hiring ppl is easy, always tell CF frens, u all sure not serious, always get lousy candidates.

Now i really feel like vomitting blood.

Front office investment banking job, just need 2 real good fresh  grad, interview until i pusing...
where r good ppl?

willing to pay also canot find  cry.gif  cry.gif  cry.gif

Note: new package is up to 100k cos bonus now up to 36 months
*
soo..... 2k basic?
htprbb
post Jun 18 2015, 07:10 AM

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

https://forum.lowyat.net/index.php?showtopic=3603940&hl=
beanbag ibank
post Jun 26 2015, 07:25 PM

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QUOTE(notmycupoftea @ May 22 2015, 05:00 PM)
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?
*
c mood
beanbag ibank
post Jun 26 2015, 07:26 PM

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QUOTE(notmycupoftea @ May 22 2015, 05:00 PM)
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?
*
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.
beanbag ibank
post Jun 26 2015, 07:28 PM

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QUOTE(robertchoo @ May 18 2015, 12:09 PM)
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?
*
IB ppl always eat at canteen RM5.

And the idea is 10 years 10 times. He will be 1.5m in 10 years
beanbag ibank
post Jun 26 2015, 07:29 PM

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QUOTE(bernking @ May 18 2015, 04:14 PM)
as an experienced electronics engineer, can i go into investment banking?
*
Boleh
SUSrobertchoo
post Jun 26 2015, 09:10 PM

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QUOTE(beanbag ibank @ Jun 26 2015, 07:28 PM)
IB ppl always eat at canteen RM5.

And the idea is 10 years 10 times. He will be 1.5m in 10 years
*
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
azwan92
post Jun 27 2015, 09:24 AM

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QUOTE(beanbag ibank @ Jun 26 2015, 07:29 PM)
Boleh
*
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 rclxms.gif rclxms.gif rclxms.gif

This post has been edited by azwan92: Jun 27 2015, 09:55 AM
carrer
post Jun 27 2015, 11:29 AM

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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
siew14
post Jun 27 2015, 11:38 AM

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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
beanbag ibank
post Jun 30 2015, 03:44 PM

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QUOTE(robertchoo @ Jun 26 2015, 09:10 PM)
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
*
u can dial in any fancy dinner. but dun do IB, no lifestyle one.
fletcherwind
post Jun 30 2015, 04:47 PM

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QUOTE(carrer @ Jun 27 2015, 11:29 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?
*
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
carrer
post Jun 30 2015, 04:58 PM

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QUOTE(fletcherwind @ Jun 30 2015, 04:47 PM)
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?
*
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.

beanbag ibank
post Apr 23 2016, 10:23 AM

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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.
LovelyPotato
post Apr 26 2016, 09:08 AM

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QUOTE(beanbag ibank @ Apr 23 2016, 10:23 AM)
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!
NotCooll
post Apr 27 2016, 12:15 PM

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QUOTE(beanbag ibank @ Apr 23 2016, 10:23 AM)
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.
*
Hello Beanbag, you still hiring new people to join? I am from accounting and finance background, I would like to try if your department is still hiring.
DeathSpiritz
post Apr 27 2016, 10:26 PM

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QUOTE(siew14 @ Jun 27 2015, 10:38 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
*
Haha don't la go around telling ppl how we do our work. Ltr ppl think we gor no value add tongue.gif

By the way how's bonus for everyone this year?
JohnnyIBK
post Nov 20 2016, 12:03 PM

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Hello beanbag, I graduated from TarUC, can I join u?
Soros777
post Nov 20 2016, 08:42 PM

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are you still hiring ppl ? can pm me details ?
beanbag ibank
post Nov 22 2016, 12:10 PM

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No longer doing investment banking. Graduated. still hiring. welcome to send me cv to my inbox
mype
post Nov 30 2016, 10:35 PM

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QUOTE(beanbag ibank @ Nov 22 2016, 12:10 PM)
No longer doing investment banking. Graduated. still hiring. welcome to send me cv to my inbox
*
Still hiring CF role now? Can send u? Might to give me ur email address?
beanbag ibank
post Nov 30 2016, 11:55 PM

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Can la. I fwd for u. Paste it to the PM. If lazy to paste den too bad.
KimHan
post Jan 16 2017, 11:59 PM

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is it still hiring for now?

mohdyakup
post Jan 17 2017, 08:29 AM

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From: Bintulu, Sarawak


Still hiring?
Win Win Inspiration
post Jan 17 2017, 02:23 PM

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QUOTE(beanbag ibank @ Nov 22 2016, 12:10 PM)
No longer doing investment banking. Graduated. still hiring. welcome to send me cv to my inbox
*
Why you moved out from IB?
yolofury
post Jan 20 2017, 05:35 PM

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If you are still hiring or helping IB to hire, I would want to send my CV.
beanbag ibank
post Feb 21 2017, 11:23 AM

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QUOTE(Win Win Inspiration @ Jan 17 2017, 02:23 PM)
Why you moved out from IB?
*
Got a more exciting job
beanbag ibank
post Feb 21 2017, 11:24 AM

Getting Started
**
Junior Member
88 posts

Joined: May 2014


QUOTE(yolofury @ Jan 20 2017, 05:35 PM)
If you are still hiring or helping IB to hire, I would want to send my CV.
*
PM it to me. My best friends are hiring. Same stringent requirement

beanbag ibank
post Feb 21 2017, 11:26 AM

Getting Started
**
Junior Member
88 posts

Joined: May 2014


QUOTE(mohdyakup @ Jan 17 2017, 08:29 AM)
Still hiring?
*
Yes
Win Win Inspiration
post Feb 21 2017, 02:06 PM

Look at all my stars!!
*******
Senior Member
2,724 posts

Joined: Nov 2012


QUOTE(beanbag ibank @ Feb 21 2017, 11:23 AM)
Got a more exciting job
*
Congratulations to you for the new role!
harak_84
post Feb 21 2017, 02:10 PM

Getting Started
**
Junior Member
259 posts

Joined: May 2009


PM me ur email or ur friend email...
beanbag ibank
post Feb 22 2017, 10:58 AM

Getting Started
**
Junior Member
88 posts

Joined: May 2014


pm me for details.
wailoon0730
post Feb 23 2017, 11:33 PM

New Member
*
Junior Member
46 posts

Joined: Oct 2013


QUOTE(beanbag ibank @ Feb 22 2017, 10:58 AM)
pm me for details.
*
Still hiring?
beanbag ibank
post Feb 24 2017, 01:07 PM

Getting Started
**
Junior Member
88 posts

Joined: May 2014


QUOTE(wailoon0730 @ Feb 23 2017, 11:33 PM)
Still hiring?
*
I have the same attitude for helping ppl with IB job until these days.

Please send me your CV via PM. if you dunno how to send, type it word by word.

If you cannot figure out or too lazy, the job is not for u. simple. so hate me pls, but work your own way in. Many ways to get into IB.
JohnnyIBK
post Feb 24 2017, 01:37 PM

New Member
*
Junior Member
13 posts

Joined: Nov 2016
QUOTE(beanbag ibank @ Feb 24 2017, 01:07 PM)
I have the same attitude for helping ppl with IB job until these days.

Please send me your CV via PM. if you dunno how to send, type it word by word.

If you cannot figure out or too lazy, the job is not for u. simple. so hate me pls, but work your own way in. Many ways to get into IB.
*
I heard beanbag really had a beanbag in the office

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