Job Title : Executive
Job Description : Fund administration
Years spent in company : Fresh grad
Company : One of the largest custodian banks
Industry : Fund & Investment
Tenure : Permanent
Employment Level : Fresh grad
Experience before joining : Internship
Highest paper qualification/ education background : Bachelor Degree (MBA soon)
Salary : RM2,800 + Allowance RM1,000 + OT + Various of claims
Age : 22

Not sure whether to job hop after a couple of years to boost salary like everyone else or stay until managerial level.

This post has been edited by BukLau: Aug 1 2015, 11:56 PM

Most people do MBA for the sake of climbing to top management level in the long run, but it's practical to think how to maximize what we can get in the short term as well. The debate is does loyalty still pays off like back in our parents days?

All of the above is considerably good at my firm, except that salary increment is below average, senior associates only get a ballpark of 15% increment after 3 years of service. However the overall benefit package is decent, not sure it's the right way to retain employees.

I say take the leap, you might not have that option anymore after you have kids, it's not fair to yourself and your family if you go on living and wondering what would it have been.

Percentage is misleading, since 2%-3% annual corporate raise is consider average in the US. Let's put it in actual figure, less than RM800 increment from originate salary after 3 years of service.

However, people are still staying with the firm for 3 reasons.
1. The firm is constantly promoting values, in result, people are actually nice here and also built up a perception that money is not that important.

2. The firm provides quite a number of non-monetary perks which I don't really care for.

3. Job security, it's not walk in the park to replace an experienced employee to do what we do, one has to undergo 20 hours of training every month.

Fun fact, the average age in the firm is 29 y/o, most of them have been here for more than 4 years.
Maybe it's just me being too young to say this, but I think at the end of the day it's more realistic to receive a big paycheck to be recognized of your efforts. Don't you agree?