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 Lets talk salary v7

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ketupatlazat
post Mar 4 2017, 02:22 PM

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QUOTE(mr1990 @ Feb 28 2017, 08:40 AM)
Nope. Never had any shift kind of job in my career.
Office hour starts at 830 but i usually go in late and leave on time.
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starts at 830, must be a buy-side analyst.
ketupatlazat
post Mar 4 2017, 07:30 PM

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QUOTE(Belphegor @ Feb 27 2017, 11:31 AM)
Analyst does earn exordinary compared to marketing, sales or admin jobs. Which degree did you went for to get into analyst field?
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look at his original post. it's acc & finance.

analysts can come from various education background - engineering, maths, accounting, finance, law, actuarial science, journalism etc...you need to be good in numbers, writing n communicating

the biggest hurdle is actually securing an interview for that role, and recommendations n connections within plays a role, although i've seen from time to time the post is advertised in JS/LinkedIn, tho quite rare

Once in, self-initiative and drive can bring you a long way.
ketupatlazat
post Mar 6 2017, 12:22 PM

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QUOTE(mr1990 @ Mar 6 2017, 12:26 AM)
Haha is that hypothetical or conclusive ?
If im doing anything related to financial market, i would have lost my job the 2nd or 3rd time going in after 830.
My analyst job has ntg to do with trading, more on corporate side, trying to impress ppl i work with to climb the ladder.
You are partly right though
(1) my background is accounting and finance
(2) u need to be good in numbers, writing and communicating
Neither recommendations nor connections play a role in my job hunting. Both of the jobs i used to do/am doing is relatively easy to find. The tough part is to be outstanding or at least impress ur superior.
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ahh, so you're in IBD/CF/client coverage?

It's a little confusing since some banks like Maybank refer their execs within IBD/Client coverage as analysts as well. i understand analysts refer to the equity research side.

Isee, IBD with ~4 yrs exp is in the RM7-8k range. I guess that's standard and expected.


ketupatlazat
post Mar 6 2017, 12:27 PM

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QUOTE(Belphegor @ Mar 5 2017, 12:53 PM)
I am in dilemma now. I am a Psychology & Communication graduate, but I am currently working on event & marketing post. Wondering how should I be doing in terms of certifications or trainings to attend to maximize the salary that is available to me. hmm.gif
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Comms background, then try venture into relationship management in the corporate banking side. Very sales driven, need to suck it up the first few years as your superiors will get more acknowledgement that you do.

Meanwhile you can pursue CFA at the same time and try your luck joining the investment industry, if that's what you want.

ketupatlazat
post Jul 30 2017, 07:30 PM

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QUOTE(PoPoBear @ Jul 29 2017, 09:55 AM)
Saw not a lot actuarial execs post their salary here. To those who are working in actuarial department, how much can you nego for entry level position for a recent graduate who already pass 5 papers from SOA?
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actuarial partners might give you a slightly higher starting salary VS other proper insurance companies, but annual increment-wise, the latter could be better in the longer run

having passed 5 papers upon graduation is definitely above the average candidate
ketupatlazat
post Aug 4 2017, 10:42 PM

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QUOTE(ms749 @ Aug 3 2017, 02:54 PM)
What about jumping from Investment (3 years experience) to Actuarial? Degree and Masters in Actuary with 8 papers under IOA.

Thanks!
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IOA is UK-based actuary right? I'm not too familiar with the program, but I guess that 8 papers is somewhat equivalent to 3 SOA papers eh?

I've seen actuarial execs jump to investments (and heck, so do any other professions), but not the other way round. The thing is insurance firms would prefer to hire freshies with 2-3 SOA papers (or 8 IOAs for your case) instead of those 2-3 yrs of non actuarial-related experience execs. Dont ask me why.

I've seen a fairly decent candidate not even got called for interviews for actuarial posts after applying for more than 6 months. That candidate had 4 SOA papers, graduated with >3.85 CGPA for both degree and masters programs from decent schools in US, and already completed the CFA program.

Also seen a few actuaries eager to jump into investment after years of working, but never the other way round hahah. Guess the actuarial work is the push factor, and the money you can earn from working in investment is the pull factor


ketupatlazat
post Aug 20 2017, 10:24 PM

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QUOTE(1malaysiajib @ Aug 19 2017, 03:36 AM)
Job Title : Associate Director
Job Desciption : Equity Capital Markets (Investment Banking)
Years spent in company : Been working with the said company ever since i got my first job (8yrs in total)
Company : Foreign
Industry : Investment Banking
Employment Level : Management
Experience before joining : 1 year in total of doing 2 internships
Highest paper qualification/ education background : Masters Degree and CFA (Planning to do my MBA next year)
salary : SGD 17k+ Gross excluding minor perks like car park, internet connection etc
In terms of Bonus, if had a few years in which i didn't get anything but a few years in which I've managed to achieve a decent bonus
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niice

just wanna ask, how open are SG IBs in hiring malaysians with IB experience?
ketupatlazat
post Sep 13 2017, 11:14 PM

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QUOTE(JeXusT @ Sep 10 2017, 06:21 PM)
Job Title : TCBian
Job Desciption : The Complete Banker Program
Years spent in company : joining soon
Company : CIMB IB
Industry : Banking
Tenure : 2 years
Employment Level : Fresh Grad
Experience before joining : 4 months internship experience @ corporate finance
Highest paper qualification/ education background : Degree A&F
salary : RM3.2
Location: KL

the bank advertises 3.2 to 3.7 for its program. Initially I thought they would offer me at least 3.5k considering this is the average offer I received from other competitors, but instead they offered me the lowest range :\
I accepted the offer nevertheless.
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dang, TCB still pays 3.2k to the joiners? Same rate like 5 years ago..

a little surprised, but understandable as the IB bonus got cut like crazy the last 3 years. From 24 months to 12 then now 3-6 on average...
ketupatlazat
post Nov 22 2017, 01:06 AM

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QUOTE(QuickFire @ Nov 14 2017, 11:34 PM)
I can assure you, if you're not half bad you can get 15k in less than 8 years. The basic starting pay for a fresh graduate these days is around 3k. Total paper increments alone, which are guaranteed, are about 6k (varies by company of course, but that's about the average). That's already 9k without factoring in yearly increments and promotions.

The appointed actuary role is becoming less glamorous though, mostly through BNM's regulations which aim to limit the influence of AAs on the running of a company (for example pricing of products), and shifts the focus of the role to one that is more independent from the rest of the functions to maintain the integrity when setting actuarial assumptions and the likes. I've already seen a few AAs in the industry move on the other roles (Chief actuary, CFO, etc) in light of these changes. I'm sure AAs are still paid quite highly though, although not as high as a chief actuary.
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Jeez, if you have already earned the FSA/FIA title then I guess you deserve such a high pay, regardless of years of experience. Those exams are tough as hell. I guess people do come across with a few actuaries who are already a fellow or close to earning it under 30 years old. Such high achievers.
ketupatlazat
post Jan 16 2018, 11:46 PM

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QUOTE(haru20 @ Jan 16 2018, 11:15 AM)
Dear all,

May i know what's the asking rate for an Investment banker, AM role in local malaysia bank.

Having 6-7 years working exp.
Role: Corporate finance.
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low-to-mid teens shouldn't be a stretch. capital market also appears to be improving in 2018, so the industry should see better numbers, including your pay!

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