Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

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

views
     
SUSMaterazzi
post Jun 16 2012, 02:48 PM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
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.
SUSMaterazzi
post Jun 17 2012, 12:13 AM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
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!
SUSMaterazzi
post Jun 20 2012, 12:58 PM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
QUOTE(fiqir @ Jun 20 2012, 12:29 PM)
16 hours already. but what mnc is that.  shocking.gif
*
European with stingy boss.
SUSMaterazzi
post Jun 21 2012, 11:05 PM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
^

what are the personalities u look for other than hardworking?
SUSMaterazzi
post Jun 24 2012, 11:23 AM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
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?
SUSMaterazzi
post Jun 29 2012, 07:08 PM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
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
SUSMaterazzi
post Aug 25 2012, 01:12 AM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
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.
SUSMaterazzi
post Oct 10 2012, 07:41 PM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
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
*
Salary package is gross
SUSMaterazzi
post Nov 26 2012, 07:09 PM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
“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
SUSMaterazzi
post Feb 12 2013, 09:13 AM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
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?
SUSMaterazzi
post Feb 13 2013, 11:42 PM

Regular
******
Senior Member
1,569 posts

Joined: Feb 2009
If you cannot find good candidates then how come you convince markets to buy your IPO shares?

 

Change to:
| Lo-Fi Version
0.0287sec    0.93    6 queries    GZIP Disabled
Time is now: 10th December 2025 - 11:41 AM