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

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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?
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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...
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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


siew14
post Mar 28 2013, 06:04 PM

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check jobstreet guys.. his company is hiring again.. rclxms.gif
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
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if u willing to take the initiative to search job & career section, you will definitely know his company... blush.gif
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.
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can give some example on how they talk? Nvr met ivy league or imperial college people or genious people before..
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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
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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
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?
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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.


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
siew14
post Jul 2 2021, 09:56 AM

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QUOTE(Helpmeplis @ Jul 2 2021, 09:13 AM)
I joined one of the top local IB as one of their management trainee & I got the opportunity to rotate around different departments (Asset management, sell side research, ECM & etc). I was the only local grad in the program & the rest were all from foreign uni. My pay was decent & a bit higher than most of my Petronas peers.

However, I fucking hated my job due to the working hours & lack of work life balance. I told this to my mentor  ( head of equities at that time) he said that it will get better as I progress. Honestly, I saw the lack of work life balance even among my senior colleagues with 20+ experience lol. I investigated how much are my senior colleagues getting paid  to find out if this job is even worth it. Most depressing of all is that, I found out a colleague of mine with 5+ years of experience was only getting paid RM6k at that time & another colleague of mine with 8+ experience  was only getting paid RM10k !!

This was the exact moment when I knew, this crusade of mine in search of success in IB  was nothing but a big fucking lie & waste of time!!  I stayed there just for 1.5 year & GTFO. The pay is totally not worth effort & mental distress I had to face ! Only foreign IB (Nomura, JP, & Barclays) can pay good money for their analyst, all the local IB is shit in comparison.

I enrolled for master's program & graduate at the top of my class & I got offered by a reputable Global MNC. Now I getting paid RM10k & planning to move to SG in 2 years to double my income. Meanwhile my friend who just graduated from the management trainee program got offered a place as an analyst in sell side research & getting paid RM6K.

As far as working hours goes, probably he is working 1.5-2x more than me at his current role lol. If anything, IB glory is all gone & the 90's bonus are just not there anymore .... So, is IB even worth it ? You tell me

I'm so glad that I left the industry !! At my current company,  I'm enjoying the work, my friendly colleagues & peaceful atmosphere much much more than my short stint in IB.
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QUOTE(Oklahoma @ Jul 2 2021, 09:41 AM)
Good observation...I quit IB due to this reasons too. Malaysia IB not worth it. Real money are only in satellite offices like singapore, Hong Kong, London/Paris, and New York.

I did 1 year, tired of bullshit making information memos, pitchdecks, book building, all that shiat. Then I peeked over my director's cubicle. His job sucks too imo. Left,  went to commercial transformation office, got the salary hike better than if I stayed, then now back in client facing as a consultant.
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it depends on which team you join i feel.

you join those team only doing bonus issue those ez deal, of course cheap la, and the bonus also. you try complete 1b market cap ipo and see or those big deals brows.gif

the money actually comes in when you completed a huge transaction.

This post has been edited by siew14: Jul 2 2021, 09:57 AM
siew14
post Jul 2 2021, 03:40 PM

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QUOTE(Helpmeplis @ Jul 2 2021, 03:25 PM)
I have completed leong hup IPO & there was nothing to hu ha about. Infact, KLCI is going down on a daily basis & there is just no big IPO coming in........ IB is a sunset Industry & that's a fact !

I can earn much much more in different industry & secure myself a better work ife balance.
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hmm... it is because you are management trainee hence you didnt get to eat the pie from the ipo? if you are there from head to tail i believe you wil be rewarded accordingly..

but anyway, for IB, the time/effort you put in, is what you get lah... wont be like 9 to 5, and get 5 digit salary.. no way.. haha other industry like you said , yeah is possible.

This post has been edited by siew14: Jul 2 2021, 03:45 PM

 

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