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 Let's Talk Salary v8, Sharing Thread

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eddydo
post Jun 24 2018, 10:57 PM

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QUOTE(Jamaluddin Syah @ Jun 24 2018, 10:32 PM)
None of the reason above, I think I want to study while continue my working experience. Sorry abang, sebab itu saya bertanya whether is it okay or not. Okay I will further my study (full time degree).

Thanks for the reply  smile.gif
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full time. You can get experience working intern (like everyone else).

You got one chance to get your first degree right icon_idea.gif
eddydo
post Jul 18 2018, 03:56 AM

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QUOTE(Kolzyphyr @ Jul 18 2018, 02:54 AM)
Greetings everyone.  biggrin.gif
Job Title : QA/QC Tech
Job Desciption : Beyond whatever scope I have. Do everything that needs to be done.
Age : 28
Years spent in company : 2
Company : Local Vendor
Industry : O&G Downstream
Tenure : Permanent
Employment Level : Non-Executive
Experience before joining (years) : Fresh (Technical), worked 6 years non-technical before joining.
Highest paper qualification/ education background :  Diploma (grad 2016, sekolah tak habis tapi pointer tiptop okay blush.gif ). Currently enrolled in part-time degree UTMSpace, KL.
Certification: IIW/EWF IWS, CSWIP 3.0, CSWIP MT Level II, couple of workshops,..
Location : Shah Alam
Average Working Hours Per Week (incl lunch hours): 50

Monetary Payout:
Basic Salary + Fixed Allowance : RM2700, basic only
Contractual Bonus (months): 1 mth
Performance, Variable Bonus & Commissions (months) : +/- 2 mths

Benefits (where relevant) :
Health Benefits : Paid medical check-up, if need to enter plant. Medical Card RM20k (if warded only).
Transport Benefits : None
Mobile / Internet / Gadget Benefits : None
Flexi Working Hours : Yes, but I rather discipline myself.
Other Benefits : None
Some of my friends were earning RM3.5k~8k working in MNC or EPCC status company doing tasks as defined in a fixed scope. Being in a local vendor company, I can learn a lot more, but earn much less and do many more different works. My hard works rarely got any recognition, got lah, maybe twice or thrice. I haven't messed up anything yet so far so takde history kena goreng basah. Being near to 30's, I thought a little, maybe I have made a wrong move choosing this line. It's 18th, all I got left in my acc is RM160. In my wallet it's RM190.
I am a bit sad currently, depressed maybe. But life must goes on. Net celery after minus all commitment only left abt RM650, which is just enough to survive, but for how long? I get afraid when I think of the future..
So dear Sifus, should I hang on? Until finish my degree in four more years maybe? or is my choice a plain mistake, am I a fool?  cry.gif
Thank you very much!!  bye.gif
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what commitment you have? And are you supporting yourself to study?

What are you comparing with when you say you can learn a lot more? Or is it more like "I feel like" i can learn a lot more being with a local vendor company?
Your friend got full degree? or also diploma but tip top?

notice period of firm? if you feel underappreciated I think that is a sign to jump ship, considering you have 8 years of experience tho idk how many of that experience are actually real experience


eddydo
post Jul 20 2018, 04:26 AM

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QUOTE(38kiakinjio @ Jul 20 2018, 01:43 AM)
Can I ask for opinions here?

I am a graduate in Finance and Accounting, left one of the Big accounting firms after 5 months. I receive an offer after attending an interview as below:

Industry : Air Conditioner Manufacturing Company
Position : Young Accountants Programme
Location : Sungai Buloh
Basic : RM2500
Allowance : RM500
Sponsorship of studies : ICAEW (the company is willing to register itself as my training employer)
Bond : 3 years
Higheat education : Degree from a Foreign university in Malaysia
Age :25

Personally, I am not content with the basic, as it is a little low in Selangor. Furthermore, I am from Melaka. Accepting the offer means I have to rent a room in Sungai Buloh or other areas and I definitely have to drive as it is too far away from MRT Sungai Buloh.

I don't know whether should I accept the offer. I don't know what would be the future of taking this role. Could anyone especially someone in my field advise me on this?
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Normally people wouldn't leave big 4 until like 2 years in, then they jump to other firms for work life balance. Unless your big accounting firm doesn't mean big 4, I would ask why not try getting into big4 if you want a fruitful place to kick-start your accounting life? Considering that now is peak hire season and I'm assuming you've got less than 2 years experience, why not actively look for other opportunities? There's a career fair coming soon this weekend in Kl

This post has been edited by eddydo: Jul 20 2018, 04:26 AM
eddydo
post Jul 20 2018, 04:56 AM

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QUOTE(38kiakinjio @ Jul 20 2018, 04:32 AM)
It's a big 4 in regional office. I left because I don't like the nature of the job and the culture of the company in Melaka. Always thinking that I have other possibilities in the accounting field other than Big4.That's the reason I applied for this position as I wanted to specialise in the commercial lines earlier in my career while still getting my chartered qualification.
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Nature of the job as in you don't like accounting? I don't quite get it. or is it like you prefer working with mnc than in big4 where they look at other peoples book instead of their own? (idk how it works tbh)

There are always finance roles in like idk Astro? They have a finance stream for fresh grad. BAT as well for finance and they pay relatively well (but I think they've stopped recruiting).

As of right now, is that your only option? How long were you given to consider? Why did you apply if you're not happy with the pay? Another thing is grades do matter especially in this field for fresh grad, how well did you do? If you're not an outspoken candidate these offer may seem scarce.

Bonded for 3 years, 2.5k pay, doesn't seem good at all to me. Get yourself more option, then you can pick and choose.
eddydo
post Jul 20 2018, 06:15 AM

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QUOTE(38kiakinjio @ Jul 20 2018, 05:30 AM)
Nature of the job as in the extreme working hour and extensive travelling which are too much for me to handle being an individual with a mental health history. So, I am trying to look for a role that would be less dynamic and taxing. But It does not mean that I cannot work under pressure at all. Personally, I prefer to draft and prepare the financial statements of a company rather than auditing other companies.

This is not my only option.  I have applied to bank for internal audit and compliance positions which will take 1 month to process my application due to background checking procedures required by BNM, after attending the interview. However, this offer came before I receive the other offer. I need to get back to them by next Monday.

I did very great in my grades.  I haven't come across any employers that will offer me a higher salary based on my achievement in my studies. Maybe I didn't apply for the right one. And again a great student does not mean he is a great employee right?
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Regarding the grades, don't get me wrong. Just that I've heard alot of my peers complaining about how hard is it to get a job in this field as their grades might have bottled neck their capabilities as they couldn't land themselves an interview. With less options, your negotiating power decreases, hence the phrase beggars can't be choosers. Though one should never just look at grades but Malaysia is still one of the countries where employers filter out using grades in the first stage.

Well if that's the case, I would suggest picking your next job properly since you've already got a taste of what you can and cannot handle. Judging from what you've said, I don't think you'll be happy with the offer, tho it sounds like exactly what you wish for.

Things I would consider:
1) the current odds of getting the bank offer
2) what's the compensation package like for the bank internal audit position, eg pay and does it support your qualification study?
3) which bank is it? reviews? might be the same old toxic environment you wouldn't know
4) how long can i survive being unemployed? Any side projects I can work on while actively applying for jobs?
5) if applying for jobs is taxing then just accept the offer

My 2 cents. All the best thumbsup.gif






eddydo
post Jul 21 2018, 03:30 PM

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QUOTE(zulfadzlis @ Jul 21 2018, 03:21 PM)
JP Morgan ? Their pay is that low ?
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you're in rap right? mind sharing your package?
eddydo
post Aug 4 2018, 06:44 PM

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QUOTE(krizalid88_real @ Aug 4 2018, 06:36 PM)
TBH with you, plus minus about 3k only.
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mind expanding on what type of research is this? and in what field?


eddydo
post Sep 27 2018, 05:29 AM

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QUOTE(party @ Sep 26 2018, 04:20 PM)
Master in finance is useless. Unless u decide to go thru education line but need continue to phd.

Take cfa only if u really decide to walk finance industry path and work in invesment bank, analyst etc.
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This post has been edited by eddydo: Jul 10 2020, 02:50 PM
eddydo
post Sep 27 2018, 07:26 AM

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QUOTE(party @ Sep 27 2018, 06:00 AM)
Have u study msc in finance before??? I can tell u in reality it does not worth anything anywhere. Unless its oxford/cambridge level.

As an employer, just bcoz u have msc will not made u stand out  even if amongst all the resume everyone have cfa1. If u follow the thread since the start of v1 as an example here, there are alot master holders but it did not bring any extra benefits that correspond to the cert.
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This post has been edited by eddydo: Jul 10 2020, 02:47 PM
eddydo
post Sep 29 2018, 03:06 PM

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QUOTE(TechnoG @ Sep 29 2018, 01:41 PM)
I did my bachelor with a top 30 uni in the world as well, graduated with below average results, no internship and landed a forex front office job at a local bank.
funny thing is, I know of candidates with msc finance that got rejected and they went for risk management roles instead.  sad.gif
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This post has been edited by eddydo: Jul 10 2020, 02:49 PM
eddydo
post Sep 29 2018, 04:23 PM

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QUOTE(TechnoG @ Sep 29 2018, 03:45 PM)
I would say a majority got their msc finance certs from UK unis.

Not too sure about their experiences on landing interviews, but theoretically speaking I would say that it wouldn't be much of an obstacle compared to bachelor degree holders like me? I’m pretty sure landing one for you is a piece of cake haha

Interestingly, my views on going for further finance education changed a lot ever since I joined the workforce and I am more biased towards professional certifications now biggrin.gif
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This post has been edited by eddydo: Jul 10 2020, 02:49 PM
eddydo
post Nov 22 2018, 09:12 PM

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QUOTE(watchesss @ Nov 22 2018, 05:42 PM)
Hi guys, which companies in Malaysia have the best salary package?  drool.gif  drool.gif
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MBBs 😁
eddydo
post Nov 23 2018, 05:31 AM

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QUOTE(coolguy99 @ Nov 22 2018, 10:25 PM)
MBB is good? I heard it is only average unless you are in IB.
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I meant Mckinsey bain bcg
eddydo
post Nov 23 2018, 07:57 PM

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QUOTE(awgnasuha @ Nov 23 2018, 01:21 PM)
curious about MBBs. I'm myself an engineer and I know few friends of ex-engineers got into MBBs but they have to go to either Oxbridge/Ivy before got accepted into MBBs. Are they still choosy now?
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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
eddydo
post Dec 2 2018, 03:15 PM

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QUOTE(Trebeller @ Dec 2 2018, 10:12 AM)
Hi guys and sifus , wondering how is the job prospect in Kl with a economics degree from a Russel group university. (I am a student, not in uni yet) .How's the career progression and salary from 5 to 10 years time, will it be in a stagnant no growth state?
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Russell group is not a very good brand as some unis in it are not that good.

econs, its best if u go for ranking. like lse Oxbridge etc
eddydo
post Jan 31 2019, 06:24 AM

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QUOTE(MaxSea @ Jan 30 2019, 08:35 PM)
Guys, please allow me to explain, I have prior experience (1 year) before continue my degree studies. So it's not consider that fresh. Anyway, thank you for your numerous feedback.
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but is that a relevant experience?
eddydo
post Mar 13 2019, 06:34 PM

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QUOTE(Manada @ Mar 13 2019, 10:51 AM)
Job title : Analyst
Age : 23
Salary : RM5k (Fixed + Allowance), Bonus 5-10 months
Years spent in company : 0
Industry : Corporate and Investment Banking (CIB), Financial Sector
Employment Level : Executive
Experience before joining (years) : 0
Highest paper qualification/ education background : Degree
Location : KL
Average Working Hours Per Week: 60 hours
will update rest of info once I got full info...
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fuu congrats, local or foreign house

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