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

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.

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.

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.

Oh ok, that is some quality answer right there, lol.

Should I consider transferring to another uni, then?

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.

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?