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?

yeah, working hours definitely longer? but how long? also, investment banker have lucrative bonus? which I heard some bank like CIMB and Public at least 6 months bonus.is tat true?

There's more factor than excelling in university (academically). From my experience, it does increase your chance of getting hired, but not necessarily increase your starting salary (given that fresh grads don't have any real working experience).

Getting excellent results in uni open doors to positions that pay higher than average graduate salaries(up to 20% to 300% higher than average fresh grad salary, but very limited vacancies), landing a job in a higher paying job will take extra effort as it is very competitive, most fresh grads would aim for higher paying jobs.

However, capability in performing well in the job is not necessarily related to academic performance, there are a lot of people that do not perform well in academic but are excellent in their workplace.

Overall, I believe people who perform well in their workplace will be rewarded well over time compared to someone who started with higher salary due to their academic excellence but end up performing bad at the workplace. We should work hard and smart in our workplace and don't let the past demotivate us.

Anyone can share with me what is the difference between increment & adjustment?

Why some peoples can get both increment & adjustment at the same time?

Yeah sure I'm always happy to share. It is a very tough industry. But very rewarding IF you like finance. Most people burn out or commit suicide and they blame the industry-no it's mostly the individuals who chase money and not passion which is why they find it depressing.

The monetary rewards are great and an incentive of course, but don't make it your main goal.

I started off going to Taylors College.
Then I got accepted into Wharton Business School.
While I was there-did two internships with Boston Consulting group and Mckinsey and Co.
I then got into Nomura after graduating which was very very lucky. Cried when I got in.
Worked in Japan-then I came home to try either Singapore or Malaysia my hometown.
Applied to a dozen banks. With all my experience-I failed over 120 applications. Because I aimed for all the best-including boutiques. Usually out of 1000 applicants they only accept three.
After I think 5 to 6 months-I got into RHB-OSK. Starting salary: This is tricky as it varies greatly-but mine was RM 12000-excluding year end bonuses.
After 3 years-I got into Family Office. My pay increased from year to year. Bonuses up to RM80 000 per year-and that is low to be honest in IB.
From there-I started getting more into family offices. Concept still relatively new in Asia, but emerged from Europe.Family office is how I skyrocketed my salary as it is a more niche and specialized division. Right now working with 3 main families. One family is one of the Forbes 50 Top Net Worth Malaysians-guess which one haha. One more is in Singapore and another in the Middle East.

Hope that answers your question.

you mean the BA in those management consulting role and not under deloitte accounting firm right? need to confirm cause the term BA is being used too often here and there

if yes, back in 2013, my friend got 3.5k fresh grad. A month ago, i hear, PWC advisory pays 3.7k.

i actually am not too sure. friend didn't explain in detail. just mentioned about the money. 2nd hand info, maklumat terhad.

I think Accenture should be 4k right? EY advisory still paying 3-3.2k??

Hi guys just need your opinions

Job Title : Senior Executive
Job Desciption: Financial services
Years spent in company : 2 1/2 years
Company : MNC
Industry : Banking
Tenure : Permanent
Employment Level : Senior Exec.
Experience before joining : Fresh
Highest qualification : Bachelor Degree
Salary : RM4.1 - 4.2k with allowances
Age: 26 (late join workforce)

Hi,

Basically managing funds and investments (back office). Role Senior executive (just promoted). I have no idea what is a MT programme 

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.

My niece just graduated from Australia
Mind to share the indicative salary for fresh graduate as she intend to join big 4?

Thanks
Btw, need to take up any professional qualification?