People are discussing about bank here. So it is normal when people do not include epf 16% or 12% in discussion because banks normally pay 16% but i heard recently(starting from 1 or 2 years ago) there is/are bank pay only 12% for new recruitment.
(but there are people who still get 16% in that company who just joined. So i think it is hard to discuss about the 12 or 16 because you will only know how much the bank is going to contribute to you until you get the offer letter).

Is that foreign bank normally offer higher rate for epf contribution?

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This post has been edited by kirk_: Apr 26 2010, 10:14 PM

what are the standard benefits at alliance bank for degree holders in terms of annual leave, medical coverage and bonuses?

so is UOB a good place to work?

i got an offer for sales support in UOB. should i or shouldn't i accept the offer?? i was applying for MT position and went through all the assessments.

Can you elaborate more?

By the way, any one is working at foreign banks? Few of them that are famous are:
* Bank of China Malaysia Berhad
* Deutsche Bank Malaysia Berhad
* Bank of Tokyo-Mitsubishi UFJ Malaysia Berhad
* J.P Morgan Chase Bank Berhad

Anyone joining MBF Cards here?

This post has been edited by debbieyss: Aug 19 2011, 09:33 PM

Dear Professionals,

The post details are previous information. Can I know the latest information?

Thanks

Can anyone tell me the yearly increment for public bank employee? 8% and above?

i heard they said good but someone who's working here need to confirm further.

Can anyone update us on the recent market rate for banks in malaysia? Especially investment banks. I heard there are paying like 3k+ for fresh grads, 8 months bonus min, 20% increment per year. Anyone has any idea if this statement is true?

8 months bonus min..where u got this info?

@T3N5AI: Please be specific, 8 months of min bonus not little. Please exclude sales types job.

depends on which IB. There are 15 IBs in Malaysia and only very few are considered to be top-tier (like CIMB). Only those top-tiers pay >6 months bonus for entry-level executives in front-office (like Corporate Finance, IB, ECM/DCM). Mid-tiers maybe can afford to pay 4-6 months bonus to top performers of FO. If you are doing back office functions like operations/finance/compliance/risk management etc, typical bonus would be <3 months

anyone who can say more about UOB bank ??????? their remuneration, increment, bonus, career progression ?

I think a bit of course. I quoted from OSK investment bank. CIMB investment bank is even more.

why seems nobody knows about OUB one ? no real info about OUB...

hhhmmmm, seems that very few ppl know about UOB....

Sales type job or front office work in anywhere including invesment banking only can give you that kind of bonus lar.
If you are back room staff or analyst not so much money wan.
Ultimately the sales people or frontliners are the revenue generators and hence are deemed worth the big bonus....

Btw who say investment banking job min 8 months bonus???
It depends on the bank, your division in your bank and your performance lar....

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Added on December 28, 2011, 10:55 pmI used to work in their corporate banking team...
At that time, no risk appetite....and not willing to tap balance sheet even anual review also cut facilities....looks like they are about to exit the Malaysian corporate banking scene.....i scared so i quit....
Not a good place if you are a corporate banker.

This post has been edited by mercury8400: Dec 28 2011, 10:55 PM

Of course everyone knows that divisions like coporate finance, or treasury provides the most bonuses. Back office would be lesser but not too much lesser or else the union is going to make noise. I actually quoted it this way with the point that, if u wanna enter investment bank, enter these 2 divisions which pays most. So far among my friends, research analyst top the charts, next is treasury and coporate finance, then its bonds divisions which is a bit slower, then back office, then, its the normal comercial bank doing customer service, sell loand, bonds and credit cards. I actually had a female friend who is 3 years my junior and earning double my salary, overtook me 2 years ago in terms of salary nad i didn't even take into acc her bonus, actually i'm also shy to ask when i heard her salary figure. lol