Considering that I worked in one of the investment bank, perhaps I can answer some of your enquiry here. However, this answer is more suited for IB side & it will different alot if you are coming from corporate/SME side.

1. Working hours : 6a.m to 8p.m for 5 days a week. Sometimes, I have work to on weekends as well.
2. Working environment : I had alot of great colleagues but there were some bad apples. Nonetheless, I learned alot of knowledge that I use until now.
3. Training opportunities : I was sent to alot of trainings. Most of the banks training centres are located in Bangi. They have Public, Maybank, RHB & CIMB training center there.
4. Promotion/transfer : This depends on your boss & your performance. Speaking from my experience, I never saw anyone got promoted internally. All of my colleagues left to other IB for better opportunities & pay. This happens quite often & you will realize this as you enter this industry.
5. Staff benefits : This is where I believe no other sector can compete with banks. I was given 24 days annual leave, 18% EPF by employer, unlimited outpatient for me & my family. Even my friends my friends in Petronas was envious of me for this lol.
6. Hierarchy: There is general misunderstanding when it comes titles in banking sector. Often times the title sound very bombastic but the pay is very low. Usually anyone with 3 years of experience can get AVP title in the bank that I worked previously. I even know someone with a title " head" but his pay was just 7k. So don't fully rely on title when it comes to banking. The grade is more reliable to judge your hierarchy than the title.

Btw, if you don't mind me asking, Which area of banking are you being offered ?

Yes 14 hours is very normal in IB. I have even spent a whole day in front of trading desk. This is apart of the reason why I actually left the industry, there is just zero work life balance. Most of those in IB will just get burnt out by their job & leave for greener pesture.

The pay is relatively higher than other sector. However, if you divide it by the work hours, I would say it would be the same or even lower than most sectors lol.

This post has been edited by Helpmeplis: Jun 13 2021, 12:16 AM

If you are taking up a junior role, I would suggest you to really weigh your options first. Are jumping purely for the pay increase ? How much is the increment that you are being offered ? You can pm me if you don't want to disclose it here

The normal rate is 16% however, this varies according to hiring package & departments. I was given 18% as I was on a Management trainee package. Ultimately, if you serve for 3 years, you will be given a 18% EPF contribution in IB. So, in my case they decided to give it from the very start as I was bonded for 4 years.

EPF contribution depends on years of your service in the bank. The starting is always 16%. However, this goes up according to your years of service & the department that you are serving.

The hierarchy depends on which bank. Some banks are AVP= Manager, some banks are AVP = Assistant Manager