QUOTE(Wat3ver @ Dec 13 2013, 02:13 PM)
Job Title :Corporate Finance (Senior Associate)
Job Description :Draft announcements, circulars , applications (fund raising, diversification, acquisition, etc)
Years spent in company :Just started (4 months)
Company :One of the advisory firm in Malaysia
Industry :Financial Services (Corporate Finance)
Tenure :Permanent
Employment Level :Senior Associate
Experience before joining :3 and a half years in Audit at one of the Big 4 Accounting Firm in Malaysia
Highest paper qualification/ education background : 1) Bachelor degree in Accounting and Finance
2) CPA Professional Status
Salary :Basic (RM4,400)
Bonus (Unknown but been told about 3 to 6 months)
Allowance: travelling (RM200)
Dentist & medical (Basic).
Working Hours :Official (9 am to 6 pm)
Usually (8.45 am to 7.30 pm)
Note : I left Audit at RM5,000. So, I took a paycut to join CF. Working hours is not so crazy yet maybe because I am still new. Based on observation, colleagues go home on average about 8 pm to 10pm based on engagement timelines. Increment is less than 10% per year. Promotion opportunity is not promising. Wondering if anyone from the same Industry can tell me if my pay is allright? Should I jump to Investment Bank?
let me benchmark my case against urs:
Job Title :Corporate Finance (Assistant manager)
Job Description :merger and acquisition, IPO, transaction services, restructuring
Years spent in company :Just started (4 months)
Company :One of the advisory firm in Malaysia
Industry :Financial Services (Corporate Finance)
Tenure :Permanent
Employment Level :Assistant Manager
Experience before joining :4 years in Audit (top 10 but not big 4)
Highest paper qualification/ education background : 1) Bachelor degree in Accounting and Finance
2) ACCA
Salary :Basic (RM6,300)
Bonus (Unknown but been told about 1 month)
Allowance: Nil
Medical (Basic).
Working Hours :Official (9 am to 6 pm)
I have been work as audit for 4 years and left when I was assistant manager with salary at RM5,700. I left audit simply bcz wanted to venture into something new and get tired with audit work. but the opportunity cost is that I have to foregone my Manager position if I continue at audit. now I have to wait at least 2 years to be promoted to Manager.
any advise from anybody?