Thanks for replying! You're probably right, but the industry isn't what it used to be, no? With a slower deal flow leading to large fall in recruiting in banks. I have looked at everything and have basically made my decision. I just wanted some insight into whether it is possible to move from Malaysia IB to SG IB after finishing my bond, or if SG banks prefer to hire fresh graduates and promote from within.

Yes, some have gone from msian IB to SG IB, typically after 4+ years with a reset analyst rank. It isn't an easy transition but then again it isn't cakewalk getting in straight out undergrad either, even with an ivy league or similar degree. This is from first hand experience though on the buy-side not IB.

Hi, nice to get some realistic insights. Why the reset to analyst rank? Is this industry testament that experience in Msian markets is looked down upon and unable to garner recognition from international institutions? I presume it is the same story on the buy side since the deal flow here is markedly smaller. Also, did you begin your career on the buy side in SG or moved from Msia?

Yes, that is the prevailing view but even with the demotion compensation goes up. Hard to compare when even junior professionals in top tier banking and buyside roles in SG make north of RM50-60k/m all-in. I started in Msia but I would say that there are very few "good" buy side seats for fresh grads and these pay comfortably above what local IBs pay, pm me if you want names--i prefer to stay somewhat anonymous.

Traditional or alternative?

My own general input here (I'm not from the banking line so someone please correct me if what I say doesn't apply)

No industry is "what it used to be" if you're referring to 20-30 years ago, but that shouldn't be a big concern to you
As Fiona mentioned there if you graduate with great results from one of the world's top 10 universities, you'll likely get a position
Fall in recruiting affects the average and below average the most, the top guys shouldn't have a problem (unless its a dying industry)

If you have a good track record in MY there will be opportunities in SG. In fact your company may be more than willing to transfer you internally
And all companies should prefer to promote within, hire from outside when there's no viable internal candidate (unless something political is going on)
I don't think banking is any different from any other industry in this aspect

Yes, that is the prevailing view but even with the demotion compensation goes up. Hard to compare when even junior professionals in top tier banking and buyside roles in SG make north of RM50-60k/m all-in. I started in Msia but I would say that there are very few "good" buy side seats for fresh grads and these pay comfortably above what local IBs pay, pm me if you want names--i prefer to stay somewhat anonymous.

Care to share what level of engineer u r looking for? Entry, junior, senior?
Btw, u r in construction field?

Currently holding PR status, planning to apply for citizenship.

Holding one property in Malaysia under my name which is below RM1 Million, loan repayment until 2040.

Will my property in Malaysia remain as my asset once I renounce my Malaysia citizenship? what happens to my existing housing loan ? will the bank re-posses my units ? or do I have to resubmit the loan ?

Anyone experience there before and mind to share.

Thanks

I'm really curious, are there that many Top 10 uni grads in Malaysia that getting a position in IB is that hard?
I understand that for the US, or maybe SG, but didn't expect that for MY

Or is it that they value other things like internships rather than degrees?

Or maybe there are very few openings

Edit: I just thought of the obvious, or is it that they mostly hire from people with experience in other lines of banking rather than fresh grads?

I'm really curious, are there that many Top 10 uni grads in Malaysia that getting a position in IB is that hard?
I understand that for the US, or maybe SG, but didn't expect that for MY

Or is it that they value other things like internships rather than degrees?

Or maybe there are very few openings

Edit: I just thought of the obvious, or is it that they mostly hire from people with experience in other lines of banking rather than fresh grads?

I don't think so, since the barriers to entry in Malaysian IB is relatively easy. I have friends from my ex-firm doing DCM/ECM roles in local banks such as RHB/CIMB. A top-10 Uni grad should get in relatively easily.

I suppose it's a question of whether it's better to get your foot through the door in KL, then use that to jump into SG, or risk to chance of trying in SG (against all the competition here, especially without prior relevant experience)

Hey guys need some advice.

Fresh graduate and now search auditor jobs in Sg.

Apply 60+ in jobsdb, jobstreet etc since 3 weeks ago....get 1 offer from local accounting small firm, another reply yesterday asking for additional supporting documents...

All jobs in jobsdb said "not suitable"....going to sg on mid May, originally easy for physical interview but get offer before that...

Should i just accept this job first? scared that I won't get any interview invitation once I reject this offer

Chances of getting auditor jobs are higher in SG career fair as they have their own booth there.

As you'll be fighting with the rest of fresh graduate in SG, chances are low if you apply via job sites unless referral.

Thanks for reply. Do u know have any idea the average salary for Malaysian fresh graduate as audit assistant at small firm ? I know big4 those offer 2.7k+

Hey guys need some advice.

Fresh graduate and now search auditor jobs in Sg.

Apply 60+ in jobsdb, jobstreet etc since 3 weeks ago....get 1 offer from local accounting small firm, another reply yesterday asking for additional supporting documents...

All jobs in jobsdb said "not suitable"....going to sg on mid May, originally easy for physical interview but get offer before that...

Should i just accept this job first? scared that I won't get any interview invitation once I reject this offer

I don't think so, since the barriers to entry in Malaysian IB is relatively easy. I have friends from my ex-firm doing DCM/ECM roles in local banks such as RHB/CIMB. A top-10 Uni grad should get in relatively easily.

I suppose it's a question of whether it's better to get your foot through the door in KL, then use that to jump into SG, or risk to chance of trying in SG (against all the competition here, especially without prior relevant experience)

Msian IBs are not hard to get a place in mainly due to their inability to attract the top foreign graduates. Skills from other lines of banking are usually not directly transferable to ibanking, so it's not normal for IBs to hire that way. It is considerably more difficult to break into SG which in turn is easier than US, and the overall compensations reflect this.
That's the thing though, as iceypain mentioned above, it is not easy to move from KL to SG since the experience is so different. Counterintuitively, it might be easier to break in as a fresh grad, since a lack of experience (other than internships) isn't a disadvantage for an analyst role in IB. Trying to break into PE/HF as a fresh grad is a whole other beast though.

Singaporean big 4s have a policy of hiring graduates from the 3 local unis (NTU, NUS, SMu) and also singaporeans from foreign universities. Foreigner fresh grads very low chance.

Better chance with the mid tier firms.

Thanks for reply.

I have applied some mid-tier firms like RSM and BDO, but so far no news from them. So really struggle whether to accept this job offer at the moment. And the problem I have to commit 2 years with this small accounting firm.....