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.

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Added on August 20, 2012, 9:09 amDude, 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

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.

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.

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Added on August 26, 2012, 3:04 pmIf 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

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?

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

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".

No

[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!

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)

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.

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.