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This post has been edited by icebryanchan: Nov 23 2018, 09:52 PM

Wow talking about spoiling market, but yes its unusual to pay 5k+ for 1.5 years of experience, unless if the person is very very good in technical and takes on big projects I would agree on the salary package.

I know a few people who are in McKinsey and BCG. Both are local graduates (one from a Private Uni and while the other is from a Public University. Connections definitely help but if you're a great talent, it doesn't matter (in practice).While I've also heard from MBBs alumni, that you can only get in if you're from the global top Unis. Contradictory but there can always be exceptions to the "rule".

EDIT: Scratch that. Both are Private Unis.

This post has been edited by AOL24: Nov 23 2018, 03:03 PM

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This post has been edited by icebryanchan: Nov 23 2018, 09:53 PM

I'm in the network engineering field so I'm quite familiar with the salary packages out there, fresh graduates typically will get betwen 2.8k-3.5k + allowance, 2 years experience will net you around 4k and 5 years maybe 5k-7k. Usually if your jumping within a year or so to another company its a 20% increment, so for your friend to get a increment of 20% within the same company is uncommon unless he is promoted, but since Huawei is a contract basis i doubt there is a promotion for him and thus he is quite fortunate. But if he is trying to jump to another MNC company next year and ask for 7k-8k salary not many companies will hire unless he has CCIE certification or so, as they can hire for much cheaper from people jumping from another company.

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This post has been edited by icebryanchan: Nov 23 2018, 09:53 PM

So your saying he jumped from 4K to 5.5K after 1.5 years? Did you manage to ask him how he managed that? We wanna know the secret lol

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This post has been edited by icebryanchan: Nov 23 2018, 09:53 PM

about right, tho you'll still find some rare ones form public uni (probably top 1% of cohort)

it is hard cause without those papers you probably wouldn't even pass the first stage of screening

This post has been edited by eddydo: Nov 23 2018, 07:58 PM

Is he a perm or contract staff?

Huawei usually hires only contract stuff, the permanent stuff are all in China.

Yes they are very selective, but the best way to get called for an interview is to get a current or former MBB consultant to vouch/recommend you. Pay attention to their events and sign up for it, BCG Malaysia had an intro to consulting call in mid October, at least you're past the general filters once you get to these types of events.

The calls for interview I had with McKinsey and BCG were both via recommendations, Bain rejected my online application despite having the correct pedigree (top 10 Ivy, top 10 b-school)

Did you end up at the firm?

No I didn't. Failed the BCG interview at the 2nd round some time back. I'm not going ahead with McKinsey after passing their PST back in May, I'm prioritizing on other things now.

What other things is more important than a job in McKinsey! Let me know pls!

even in china most are contract. unless u r in management level. btw Huawei doesn't value ccie much since they have their own certification, in this case exp does more says..

from someone working in Huawei's rival. haha

Yup your right Huawei does have their own cert but it only benefit their own product line, CCIE is more of a general network certification as its more recognize than other networking cert, but you really have to have interest in networking otherwise you will not be able to pass the paper at all.

if you must know, I'm an experienced hire and MBB typically hires at the consultant level only, let's ignore the partner level hires for now. Going in at that level is a step down in terms of responsibilities and salaries for me. Yes the McKinsey pedigree is nice, but I have a decent enough resume and I didn't want to take a pay cut.

So what do you do now?

Freelancing in the financial services industry while debating my next course of action ie. continue freelancing vs permanent job in Malaysia vs moving to another country to work there.

Anyway to get back on topic of salaries, for those freelancing and getting day rates, this is the formula I use to calculate annual/monthly salary.
Assuming your daily rate is RM1,000 per day to keep calculations easy, your annual salary is

(261 work days - 18 public holidays in MY - 25 days combined annual leave + MC) x RM1,400 = RM218,000
If your contracting company doesn't pay EPF, deduct 12% from that amount = RM192,000 (roughly) or about RM16,000 per month gross before taxes.

Suddenly that interesting RM1k per day rate doesn't look as attractive anymore