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 Lets talk salary v6

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alpha team
post Feb 13 2014, 05:01 PM

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QUOTE(Anakku sazali @ Jan 1 2014, 05:50 PM)
Just curious , if work at audit company do they give meal allowance for outstation job ?
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it depend on the firm. different firm will have different policy on allowances. but most of the firm will give outstation allowances, the amount could be range from RM30-RM50, for peninsular Malaysia. if the firm did not give any allowances for outstation, that certainly will have some alternative compensation such as free meal during the outstation period.
alpha team
post Feb 13 2014, 05:11 PM

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QUOTE(LCL01 @ Jan 16 2014, 01:36 PM)
ACCA is far more easier as compared to CFA.
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yes. CFA definitely more difficult than ACCA only if u are account based student. if u are finance background student, FCA is jz something like ACCA.


alpha team
post Feb 13 2014, 05:16 PM

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QUOTE(louzie @ Jan 20 2014, 10:03 PM)
holy .....
i just earn a measly RM500 as a car salesman , u guys are living the life man.
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selling car only RM500, sure? what car are u selling?
alpha team
post Feb 13 2014, 05:40 PM

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QUOTE(sendomike @ Feb 13 2014, 05:06 PM)
During my internship, what i found out is that accounting auditors can claim OT, parking and meal allowance.
IT auditors can only claim parking  cry.gif
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could not be. external auditor can claim meal allowance, OT bcz they work late.

IT auditor normally does not require to work late. that y cannot claim.
alpha team
post Feb 14 2014, 04:57 PM

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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?
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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?

alpha team
post Feb 17 2014, 01:47 PM

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QUOTE(HawkreiN @ Feb 15 2014, 09:39 AM)
If you were to leave for an investment bank, the hours will only be longer. Perhaps you should consider the job scope, in a Malaysian investment bank, CF typically entails execution of the deals and very limited structuring and no valuation work. I'm not sure about your exact job scope, but enjoying the work that you do would be an important factor to consider.
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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?
alpha team
post Feb 18 2014, 11:47 AM

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QUOTE(HawkreiN @ Feb 17 2014, 11:27 PM)
You can expect 9 am - 12am on weekdays, 10 am - 6 pm on weekends while on a tight project. Rushing for submissions can leave you pulling all nighters too, I've experienced that myself. On the rare occasion when you have just completed a project, hours can drop to the standard 9 am - 6 pm for a week or so.

Oh bonuses are good, very good.

Do consider your job scope. The 'execution' work in CF at local IBs are not exactly what most people expect. If you are doing some structuring, research or advisory work within your CF department, it could well be more interesting and fulfilling.
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thanks for advise.
alpha team
post Mar 7 2014, 01:55 PM

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QUOTE(ask_dino @ Mar 7 2014, 10:40 AM)
Job Title : Internal Auditor
Job Desciption : Internal Auditor
Years spent in company : 5 days
Company : Private
Industry : Engineering & Construction
Tenure : Just joined
Employment Level : Senior Executive
Experience before joining : 5 years, Internal Auditor at one of the GLC
Highest paper qualification/ education background : Degree
salary : RM 4.9k (gross)

Does my salary on par with the market?
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slightly lower, u have 5 years experience by right u should at Assistant manager post now and salary at >RM5k
alpha team
post Mar 12 2014, 08:49 AM

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QUOTE(xenobiotics @ Mar 11 2014, 11:46 PM)
heard freshie for gov with accounting bckground got quite good pay...net pay almost RM4000..is it true?
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industry range is about rm2000 to ro3000.. depend on wat u do.
alpha team
post Mar 12 2014, 10:35 AM

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QUOTE(sendomike @ Mar 12 2014, 09:51 AM)
starting should be around 2.8k... depend if you are AP, AR, or GAR.
GAR has a higher pay, it seems  hmm.gif
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no la. depend on which field u go:

1. commercial
2. external/internal audit
3. tax
4. advisory
5. investment bank
6. etc
alpha team
post Mar 19 2014, 04:19 PM

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QUOTE(Seeker king @ Mar 19 2014, 02:06 PM)
Job Title : Sale
Job Desciption : Trading
Years spent in company : 1.3  years
Company : MNC
Industry : Trading
Tenure : Permanent
Employment Level : Executive
Experience before joining : 0 years
Highest paper qualification/ education background : degree
salary : RM 3600 + alot of benefit + year end bonus ( based on performance)

Since this is my first job, this salary consider good but the problem is that the department that I am in , the products are damn difficult to sell as the market demand is very low.  So I can't see my future in this company. Planning to jump ship. ( my senior has been working for 6 years still remain the same level)
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the entry pay very attractive.
alpha team
post Mar 19 2014, 04:21 PM

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QUOTE(Puteih @ Mar 19 2014, 04:16 PM)
So high pay..
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16 years experience bro
alpha team
post Mar 21 2014, 01:45 PM

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QUOTE(IReallyNeed Answers @ Mar 19 2014, 08:15 PM)
Job Title : tutor
Job Desciption : delivering educational material and guidance on education subject
Years spent in company : 3
Company : local private tertiary education provider
Industry : eduacation
Tenure : contract
Employment Level : tutor
Experience before joining : nil
Highest paper qualification/ education background : degree
salary : RM3.4k
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I'm looking for part time tutor? do u have any idea where can I get the job?
alpha team
post Mar 24 2014, 11:07 AM

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QUOTE(IReallyNeed Answers @ Mar 21 2014, 01:48 PM)
local university do not accept tutor,

you'll have to try private uni, and even so, they wont offer you a job unless you're in agreement with them to start your master studies soon.

and as for part time tutoring, you'll have to find colleges, they actually offer quite a good range of remuneration, i heard, TARC/ TARUC, are giving 75-85 per hours.

but im not too sure if it's available or remain the same.
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thanks
alpha team
post Mar 31 2014, 05:12 PM

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QUOTE(purplefairy @ Mar 29 2014, 02:58 PM)
Job Title : Accounts Executive
Job Desciption : Accounts
Years spent in company : 1
Company : Shared Service
Industry : Oil and Gas
Tenure : Permanent
Employment Level : Executive
Experience before joining : 1 year
Highest education background : Degree in Accounting and Finance
Salary : RM3K

I have total 2 yrs working experience. This is my third year working.. Am I underpaid?
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emm..still ok? how about those fres grad join ur company? how much they got?
alpha team
post Apr 10 2014, 09:21 AM

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QUOTE(sms2u @ Apr 9 2014, 05:53 PM)
Who are they? Can share? I also want to earn easy money
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mz be directors lo
alpha team
post Apr 15 2014, 03:15 PM

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QUOTE(aylwyn paul @ Apr 15 2014, 03:11 PM)
Job Title : tax senior

Years spent in company : 1996 until now
Company : Local Construction Company
Industry : Professional firm - Tax Consultant

Employment Level : senior

Highest paper qualification/ education background : LCCI
salary : RM 1.5k++

please comment on my friend salary and any suggestion for her for the above
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are u sure? 1996 till now? 18 years experience? 1.5k per month salary?

even though you do not have degree in accounting or any professional qualification, it cannt be so little..
alpha team
post Apr 16 2014, 05:53 PM

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QUOTE(niafaz89 @ Apr 15 2014, 06:03 PM)
Job title: Audit Associate 1
Job description: External auditor
Years spent in the company: 6 months++
Company:Big ten audit firm
Industry: Auditing and professional services
Tenure: Just confirmed
Employment level : Associate
Experience before joining: None-my first job after grad
Highest paper qualification: Local uni accounting degree (currently pursuing acca part time)
Salary : 2800 ( excluding allowances)
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oh...same field. but I grad in 2009. RM2800 in top 10 accounting firm, em..only BDO will offer this price I think.. since u said big 10, that mean definitely not work in big 4. the rest of the 6 are BDO, horwath, BTMH, grant tontorn, Mazar, and maybe RSM.

I think mz be BDO lo..correct?
alpha team
post Apr 21 2014, 09:27 AM

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QUOTE(natlwc @ Apr 19 2014, 01:06 PM)
Age: 24
Job title : ERP Delivery Analyst
Job Desciption : Functional
Company : MNC
Industry : Oil & Gas
Tenure : Permenant
Employment Level : Graduate Program
Experience before joining : 10 Months (SAP)
Highest paper qualification/ education background : Degree (Local Uni)
salary : RM 5.1k

I want to ask you guys opinion on my salary. Thank you for your contributions, appreciate it!
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only 10 month experience got 5.1k? are you sure?
alpha team
post Apr 25 2014, 09:52 AM

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QUOTE(cutiepooh @ Apr 25 2014, 09:30 AM)
Hi, just to check with you guys, what is the current market salary package for Internal Audit & Quality Assurance with 8 years + experience?
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8 years experience should be at at least 8k, if ur cv is good, can get 10k I think.

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