I hope to shine light on a fairly secretive industry... and hope to inspire more M'sians to explore... I am also happy to answer any questions...
Caveat:
- Where I live, income tax etc. is close to 50%, and cost of living is insane too, so I actually do not feel rich...

Job Title : Private Equity Associate
Job Desciption : Investment
Age : 30
Years spent in company : 2
Company : XXX
Industry : Private Equity
Tenure : 6
Employment Level : Junior
Experience before joining (years) : 4
Highest paper qualification/ education background : Undergrad
Location : US / UK
Average Working Hours Per Week (incl lunch hours): 80

Monetary Payout (total yearly converted to RM)
Basic Salary: RM1,200,000 (before tax)
Performance, Variable Bonus & Commissions (carried interest): RM1,200,000 - 1,600,000 (based on last 2 years' bonus, this is uncapped and based on the fund's performance)

Work Flexibility (where relevant) :
Work From Home Availability: No one really cares as long as you get the job done...
Annual Leaves: 25 days
Flexi Working Hours : No

Benefits (where relevant) :
Health Benefits : Yes
Transport Benefits : Taxi home
Mobile / Internet / Gadget Benefits : Yes
Other Benefits : All meals covered during weekdays

Future Prospects (personal outlook) :
Current salary against peers in industry : Underpaid for a large cap fund... I have peers getting paid 2x vs. mine in the same region...
Growth prospects : Very good corporate prospects, with unlimited cap for salaries within the industry...
Where I will go from here : I don't think I will stay in the corporate world for long...

This post has been edited by Consultant92: Apr 25 2024, 11:14 PM

I am not too sure really.
As mentioned by @hksgmy above, most probably not anytime soon, as there are many other things besides $$$ to consider.
I do understand the flexibility that comes with having money, but I truly think that as long as you work hard / smart, your financials should be ok in a place like M’sia anyway.
Me and my spouse are focusing on finding something to do / somewhere to go that’ll make us (and our future kids) happy. And unfortunately, I don’t think Malaysia will be the place (yet).

Tbh, if I want to make money quick, I’d go back to M’sia…
I get to save peanuts here (but I’m paying for my mortgage so I guess it’s some form of asset / wealth…).
I used to work in one of the MBBs and I can transfer/apply to the KL office fairly easily. They pay super well in M’sia.
Also, I’ve gotten some pretty good offers (some with total comp >RM600k pa) to work in Malaysia. With that kinda money, my spouse won’t need to work and we can actually feel super rich and save up a lot… imaging staying in a RM10-15k pm rental unit in KL, have a domestic helper and a chauffeur, easily affordable.
vs. Earning RM100k per month in US/UK and can barely afford any decent apartments...
Moreover, starting businesses is a lot easier (lower barriers, less competitive, and more growth) in SEAsia.

But being rich is not our main goal.
For now, I want to be financially stable asap; and be happy, and make my parents happy while I can.
In the future, I want my kids to be happy, and perhaps spend some time to make M’sia and the world a better place however much or little I can. (Maybe going into teaching).

Of course, staying in the U.K./US has its ups and, mainly, downs too… And I don’t think I like my job.
So going in circles… I’m a bit of a limbo right now…

This post has been edited by Consultant92: Apr 29 2024, 05:43 PM

I wouldn’t consider having a job in a high stress, super competitive industry that fires ppl at high rates financial stability.
If I get fired, I will literally go bankrupt in a year with my mortgage to pay…

Also, I meant being financially stable for the rest of my life!