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 Lets talk salary v6

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smallikanbilis
post Aug 30 2015, 09:41 PM

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My previous company (local chinaman) was paying >5k (including bonus) for fresh grads to sit in office and write reports. Don't let those gen x influence us.

Job Title : Equity Analyst
Job Desciption : Write report and make recommendation on stocks
Years spent in company : 0
Company : MNC
Industry : Investment / Finance
Tenure : Permanent
Employment Level : Executive
Experience before joining : 2.5 years
Highest paper qualification/ education background : Degree
salary : RM10,000 (base)
Location: KL
smallikanbilis
post Sep 7 2015, 03:39 PM

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Those are sell-side jobs which means at the very least rm5k pay (small firms) for fresh grads... if not very difficult to retain employees.

QUOTE(tehoice @ Sep 7 2015, 09:26 AM)
the Gen Y nowadays need to see more before commenting OT = inefficient.

they are still fresh, not fully/completely exposed yet. wait till they see more fields and more things before making general statement.

etc, research team usually work round the clock, they start their work after the market closes, prepare research report by 9am next morning. they use their lunch window period to prepare update report before the market re-open by 2.30pm.

in some investment banking line, authorities come back to you at 4-5pm with a 2-3 pages queries sheet and demand clarification by the next morning. means that night you have to work like mad.

Gen Y nowadays want high salary, easy life, easy workload, no OT, sharp sharp leave everyday and any other thing that you can think of.
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smallikanbilis
post Sep 8 2015, 11:28 AM

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QUOTE(autodriver @ Sep 8 2015, 10:43 AM)
Are you new to the corporate society? How many companies will give a raise to senior that is considered fairness. That is why many senior staffs quit and join new company to seek for 20-30% jump of salary. I can tell you this apply not only in chinaman company but also many MNC. Most of the time it is not because of the manager but the company HR policy that not allow such a huge rate of increment. There is a so called salary range especially in big corporate or MNC where staff cannot simply ask for big jump which not comply with the policy.

As a fresh grad they can say joining new company is seeking learning opportunity to pick up experience and skills. As company is expecting fresh grad to learn more than contribution, it is fair the company paying fresh grad salary rather than paying a senior salary to fresh grad. when company hire a senior, company is not expecting senior take long time to learn instead company expect senior in productive within short period of time, that is why they are paid for senior salary.
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My ex company was giving 50% increment to fresh grads in as short as one year (salary from 5k becomes 7.5k) and it was just a buy side a.m. firm with most people leaving sharp at 5.30pm.... but I agree there should be a difference between senior and junior pays for the reasons you stated.

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