Hi, I'm short listed for Cimb capital markets & operation,
Cn I have some advice on tis job?
I'm from actuarial science degree background.
Currently attached with hong Leong doin campaign analytics.
Thank you.

Kenanga used to be small but now is considered mid size after alot of consolidation.

Bro a word of an advise is to do some research, if you expect ppl to give you an answer I doubt you will survive in an IB. I ve train many juniors during my IB time, and usually they ll get a hardtime if you do not put some effort to find things out yourself.

Go grab some financial news, magazine or even online. There is tons of info. THe weekly edge is a good start. Finding out the size of each bank is the most basic you can do. Just go to their website and download their annual report and start comparing them. Look for the IB division financials and do a simple comparison. Revenue/ staff cost/ headcount etc.

Being a good Investment Banker you need to be sharp in picking up things and especially from the public news, etc.

Master in finance without any working experience as an IB analyst will make the situation worse. Spend few years more than average fresh grad for the stupid master just to break in IB
I would recommend aim for the bulge bracket IB instead of boutique. Unless your cv is not really that impressive and you're not from ivy leagues or top unis. But don't think boutique firm is easy to get in, it sometimes is even harder than bulge bracket.

http://www.mergersandinquisitions.com/no-b...ment-bank-hire/

Then what advise do you have for Software Engineering undergraduate who wants to go into IB upon graduation ?

Not joining a boutique firm. A boutique firm is harder without basics. Join a small ib like affin, TA, etc.

If imma from engineering can break into IB onot o?
Havent grad and still young but maybe can take ACCA at the same time.. Better chance of breaking with acca?

IB is a very closed industry. Most people who work there are hired because someone recommended them, or they know someone in the industry etc. Also yea, why not CFA?

Thanks for ur information.

When is this program start and end ? I can't find its schedule

Thanks ^^

Not sure when the program starts cause I never underwent it, but i guess it starts in the beginning of each year and best if you ring them up for your enquiries. That's why its not on their website now.

Just a little about the program. It's a 2 years program. For the first 2 months, you will be in classroom training and at the end of it, you're required to sit for 2 Module papers. The pay, however, is on the lower end cause you basically goes there to study and sit for the exam. Then, you will be guaranteed to have an interview with someone (HR Managers/ Head of Departments) from the IB or stockbroking companies. If you're successful, for the next 22 months, you'll be attach to a random IB or stockbroking company (pay depending on the IB's offer). My senior underwent it and was part of the dealing team for a couple of months before he request to be transfer to the research department. Of course, he took up Module 12 and 19A along the way plus there was a vacant position before the transfer as well.

Oh, there was also an old topic discussing about is as well in https://forum.lowyat.net/topic/1459957/all

Good luck!

This post has been edited by Dreamer09: Jun 29 2014, 03:15 PM

Hey guys, I have a question that I would like to ask and I hope you can provide me with some insights!!

I am a fresh graduate with 7 months auditing experience and thinking of switching to work in IB.

I already went for interviews at : Aminvestment for Corporate Finance position and also with RHB-OSK for its Executive - Futures and Trading position. Both are not in HQ.

So as a fresh graduate, I am seeking for more exposure and also most importantly a platform that could let me to learn as much as I can. Which is the above will let me have a better career prospect after leaving the position?

Also, I was required to take Module 14 & 16 SIDC for my Futures and Trading Position with RHB-OSK. ( I have to take papers too for my Corporate finance position but not sure whicch two yet) As far as I am concern, I think most of the ppl here mentioned bout Module 6 & 7. Does it make a huge difference? Is it advisable for me to take Module 6&7?
Thank you so much in advance!I am thankful for any kind of response(s)

Roughly how much is the salary during the training program? Anyone know?

Guys, can I ask some question regarding being a dealer representative?

It's about the job prospect and career development.

As far as I can search, basically what a dealer does is: execute orders, generate report, do technical analysis, develop market with the company?
I am keen to get into this field as I think it is much interesting than accounting.
Just what have been bothering me is, I'm kind of worried as I do not have much insight about the job prospect or career development.

My idea:
Development from-
`Executive > ` Associate (only differentiate for more experience becoming a senior?)
>` Manager (less operation more decision making work?)
>`Further higher position that I'm not sure what it could be, like Head of operation,VP, MD?
Changing to-
`Analyst? :`Financial analyst[risk management, credit risk etc?]
`Research investment analyst [technical analysis?] (Can be investment advisor?)
`Trader? : Either individual or corporate dealing trader?
`Compliance officer
-Less relativity but in same field
`Operation in the field (such as customer service provider)
`Fund manager
`Financial Planner (Maybe related to investment analyst?)
`Advisory of CF or working in CF
-Other less related field, such as real estate agent, accounting auditing, HR, finance, sales and marketing etc
-Self employed

By realistically viewing, the dealer representative position is an operation + sales & marketing directed.
I consider it as front office work?
Then other possible back office work like operations (clearing etc), compliance officer or head, research analyst or financial analyst?
Or I should say, I'm concerned with the experience I can gain from the position, and curious about how the path it could be.
I know there are too much possibilities and I should just stop hesitating.
I just want to discuss with you guys to find out, whether am I missing any possibilities?

Sorry if causing any inconvenience, thanks anyway.

well...CF would anytime be tougher than your current job in audit. but it is good for you if you can take it.

CF and futures & trading are 2 completely different things.

if you want to build yourself and climb the corporate ladder, CF is the way to go, but do not expect easy life. on contrary, the RHB-OSK position is just another sales position, i'm not saying you do not need to put in a lot of effort, but it's a sales job still? it's up to you. CF is very tedious, where you need to everything when you're a junior, including making coffee, photocopying, hard labour, drafting circular, prospectus, applications and etc.... you may get sick of it after rounds of amendments and updating.

you need to take some SC's test to be an IB. well, my take is, go for the CF job rather than sales job, only if you don't mind 15 or 16 hours job a day.

Good luck.

Go for CF, 16 hours as day is quite rare in some houses. Some CF gets to go back at 8pm. very easy life.

Can anyone enlighten me on the pay, benefits, working culture for a boutique firm, say, kenanga, ECM libra, MIDF, etc?

ANYONE?

5 months down the road. do you still need to know this?

or do you already know?

Engineering degree is sought after in investment banking in areas of analytics and risk management

I think it depends on the hiring manager. From my experience the hiring manager tends to hire people that have the same academic qualification as him. So if the hiring manager have an engineering degree then you will probably stand a better chance. I have even seen someone with a history degree from Stanford on the trading desk.

But yeah there are quite some of engineering degree holders in the ib I use to work for. Ib will come to the engineering faculty career fair day in universities to directly hire from there while I was studying.