FOR FRESH GRADUATE



MAYBANK @ 1/2 year probation period
Salary started@ RM 1800-2000
BONUS @ 2-4 months ( last year low position e.g clerk no bonus paid !!! )
Allowance 70 cent per kilometre
Commission: Average Middle
Yearly salary increment rate: 8%



AMBANK
Salary started@ RM 1800 (Firm) @ 1 year probation period
BONUS @ 2 months (maximum)
Allowance 70 cent per kilometre
Commission: Average Low
Yearly salary increment rate: 5%




Alliance Back @ 1/2 year probation period
Salary started@ RM 1850-2000
BONUS @ 2-4 months (Sales Staff no Bonus because the commision paid is good !!!)
Allowance 80 cent per kilometre (No commission claim for sales staff)
Commission: Very High
Yearly salary increment rate: 8%



CIMB Bank @ 1/4 year probation period
salary started @ RM1800-1900
BONUS @ 2-4 months or higher
Allowance 80 cent per kilometre
Commission: Average higher
Yearly salary increment rate: 10%



Hong Leong Bank @ 1/2 year probation period
salary started @ RM1800
BONUS @ 3-4 months or higher
Allowance 70 cent per kilometre (got sales target only can claim)
Commission: Average higher
Yearly salary increment rate: 9%



RHB Bank @ 1/2 year probation period
Salary started@ RM 1800-2200
BONUS @ 2-4 months or higher
Allowance 70 cent per kilometre
Commission: Average Middle
Yearly salary increment rate: 8%




Public Bank @ 1/2 year probation period
Salary started@ RM 2600-2800
BONUS @ 2-4 months or higher
Allowance 70 cent per kilometre
Commission: Average Middle
Yearly salary increment rate: 8%




EON BANK @ 1/2 year probation period
Salary started@ RM 2500-2800
BONUS @ 2-4 months or higher
Allowance 70 cent per kilometre
Commission: Average Middle
Yearly salary increment rate: 7%




HSBC Bank @ 1/2 year probation period
Salary started@ RM 2200-2500
BONUS @ 4-6 months or higher
Allowance 70 cent per kilometre
Commission: Low or no commission
Yearly salary increment rate: 11%





UOB Bank @ 1/2 year probation period
Salary started@ RM2600-2800
BONUS @ 2-3 months or higher
Allowance 70 cent per kilometre
Commission: Average middle
Yearly salary increment rate: 9%
(UOB Management suck and political fighting issues heavy in this bank !!!)




OCBC Bank @ 1/2 year probation period
Salary started@ RM1900-2200
BONUS @ 2-3 months or higher (No bonus for lower level staff)
Allowance 80 cent per kilometre
Commission: Average good
Yearly salary increment rate: 10%




Standard Charthered Bank @ 1/2 year probation period
Salary started@ RM1500-2000
BONUS @ 2 months or higher
Allowance 70 cent per kilometre
Commission: Average good
Yearly salary increment rate: 10%

This post has been edited by LG Human Resource: Apr 19 2008, 12:31 PM

huh? my fren last year joined maybank when fresh graduate, starting pay is 2600++ ler. -.- Are you wrong? i think should be difference depends on position

You never specified what positions and department are those targeted at.
There can never be general as I personally knew what was listed regarding SCB is not accurate whereby I worked there before in year 2004.

This post has been edited by b00n: Apr 19 2008, 12:32 PM

Yup it is not accurate if its for IT Very wrong..

Based on the rate, CIMB seem to be the best,

CIMB the best? of course not, in the market best now should be PBB ..
Petrol claim is 80cents not 70 for PBB
Medical for staffs is unlimited, just go to any panel no need to pay a cent
benefits in PBB alot more, too lazy to list all out

the starting salary is by grade, applies to every bank, whether you're a SPM/diploma/degree/MBA holder

Higher grade higher pay, diploma holder only RM2100-2200 starting

the list above is not complete ...

but one thing .. not many ppl can stand the environment of banking industry even though the benefits is good, in branch mostly everyday you're doing routine work, also a promotion in banking industry will be slower compare to other industry, normally ppl aged 45-50++ only they can make it to branch managerial level ... there are pros n cons

This post has been edited by princessgalaria: Apr 20 2008, 03:26 PM

However....PBB hardly provide training to its new employees (for sales fresh grad position)...coz everyone is busy with their own work and in chase to fulfill their RM1 million target per month.

Uhh? Not true ... who told you about this?
As I know the last batch of loan sales people just finish their training one week ago, and I just finish my training for the insurance, they just had their training since monday until today

the following week there are other training as well, for how to achieve target kinda stuffs...

also it's a MUST for all the employees to attend training at least once a year no matter what position you're in

FYI,PBB has a TRAINING CENTRE in BANGI dedicated just for training staff.

2.6k is quite high especially in banking industry. What is your friend position ?

If the information is true, then the top company thats good to work is:
1) Public Bank, EON Bank (Because starting salary is high)
2) HSBC (Starting salary is average but above average in terms of increment)
3) OCBC (Starting salary is average but above average in terms of increment)

The bottom company listed would be:
1) Standard Chartered Bank (Lowest starting salary, even the above average increment would require few years to catch up with other bank)
2) Ambank (Lowest starting salary and lowest increment)
3) Hong Leong Bank, Maybank, Alliance Bank (Low starting salary with low yearly increment)

Note
1) RHB - Bank with average package & benefit
2) UOB is suppose to be in section top listing. If you enjoy being a taichi master, then this would be a very good environment for you. Otherwise, no point putting effort in political company.

I wonder what is Citibank's package and benefit

This post has been edited by arthurlwf: Apr 20 2008, 10:00 AM

practice tachi everyday is good for your health

how about the salary in IT department of foreign bank? for experienced staff.

This post has been edited by robertngo: Apr 20 2008, 06:06 AM

How true is this rating?

And why there is no Citibank.

the starting salary is for diploma or degree holder?
for cimb bank...should be 1/2 year probation not 1/4...

1 wondering how come they offer high basic for sales position?

rofl this is so untrue.

my department has 3 managers aged 30-ish. The previous department head was 28. Her boss was 32. So what is this 45-50+ you are talking about?

and bonus shud be from 0 to 7 months..

I'm saying Branch Manager or some higher managerial level not some department manager, that one senior level 3years who also can make it there already la if ur stupid of course you can't .. well bank always call heads as Manager even your just head of a 3 person loan Dept in a branch
You might know alot, but I'm just saying based on what I've seen so far, you can just say ur department is a different situation, don't need to simply flame ppl as if you're very smart

currently I am applying for few bank. a very tough interview and assessment. mostly for management trainee post. for wat I knoe tis is wat they offered:-

UOB management associates RM 3500
Alliance Young Exec Programme RM 2300 (upon confirmation, rm 2500 - after 6 mnth)
Standard Chartered: International Graduate Program RM 2800

N tis r wat i get fr some of the ppls i meet during assessment/interview:-

Citibank RM 2600
Standard Chartered: International Graduate Program (for oversea graduate) RM 3100
Maybank RM 2600
CIMB RM 2300 (but need to sign 2 yr contract)

*Most of the above positions are for management trainee post.

anyone from scope international? I heard d working environment there not so good. need to work till very late n a lot of political issues there? any advice?

Hmm, didn't mean to flame.

Branch Manager actually is not that high up also in the banking hierarchy btw. For example, my department has 40-ish people, and the previous head was 28. Her boss (the 32 year old one), was banded (i.e. high rank enough for profit sharing), which is a lot higher than any branch manager.

Maybe it's different in commercial banking, I have no experience there, but from wholesale banking sales and operations, I see a lot of young (late 20's - late 30's) people in very high up positions earning a ton of money. From what I see generally, 30-ish is the average entrance into lower/middle management. I will agree with you that 40++ will probably be the minimum for upper management but really isn't this the same as every other organization? Unless you start your own business, I can't imagine any big company that will promote you to their board before 40 either, no matter how good you are.

(unless you are the son/daughter of the CEO/Chairman, that one doesn't count la)

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Added on April 20, 2008, 4:45 pm[edit]@ slynn >> Intl Graduate program if you can get in is awesome. 2 years, you report more or less directly to the SCB group CIO (who can obviously pull a lot of strings for you), and you get to go all over. My IG friend spends as much time in India, China and Singapore as he does in Malaysia.

This post has been edited by deodorant: Apr 20 2008, 04:45 PM