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 MALAYSIAN BANK RATE COMPARISON !, SALARY, BENEFIT, COMPENSATION.

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shaquenator
post Dec 29 2011, 10:17 AM

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Added on December 28, 2011, 10:55 pm
I 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.
*

[/quote]

then now ? how is their pay ? seems like the people here mention rm3.5K, a lot it seems ? their benefits ? progression ?


Dern
post Jan 1 2012, 05:42 PM

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hhhmmm, seems like UOB is not well known to many...isnt this a bit dangerous ?
Chisinlouz
post Jan 1 2012, 08:41 PM

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QUOTE(mercury8400 @ Dec 28 2011, 10:52 PM)
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....


Added on December 28, 2011, 10:55 pm
I 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.
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QUOTE(T3N5AI @ Dec 29 2011, 01:07 AM)
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
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Hi mercury and tensai. U both previously/currently is in banking industry? Im currently wish to have career change from current job. It is reputable company focus in 1 division of bank only. I am bored with the job scope already and wish not to waste my banking degree, just focus on that particular. Mind if make a discussion with u guys? Thanks. I grad this year fresh grad. But the job im in is already finish learn everything. Its back end office, so i wish to go to front as you guys mentioned. Wish to know more about it.
Love22
post Jan 12 2012, 09:29 AM

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aiyo guys....bonus is base on which department u are in the bank la...for example if u are in compliance and not a manager or a team leader, forget bout getting 2 months bonus or any bonus at all...coz the department is non-profit department, i.e. the department do not earn money for the company...is a cost centre....so not necessary work in bank means will have bonus...
vanpersie91
post Jan 12 2012, 09:33 AM

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i hope TS can update the first post...sudah update ke? last edit pun apr '08..
Love22
post Jan 12 2012, 09:36 AM

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summore if just depends on full time job to earn a living...i can say sure not enuf...must do some investment...let your money do the work for u and not work OT for the money.... smile.gif
canwil
post Jan 13 2012, 06:29 PM

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This job is for what position in the bank?
malkovich
post Feb 1 2012, 05:10 PM

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I'm a banker also... but now looking for other banks...

because right now my employer not even pay my OT+PH allowance+ignore my last year AL+freeze this year AL+medical claim still no response+etc.....
but they claimed that they are amongst of the largest bank in M'sia...huh

nowadays the workload become double since many staffs has resigned...sigh
amirsnake
post Feb 1 2012, 06:14 PM

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QUOTE(malkovich @ Feb 1 2012, 05:10 PM)
I'm a banker also... but now looking for other banks...

because right now my employer not even pay my OT+PH allowance+ignore my last year AL+freeze this year AL+medical claim still no response+etc.....
but they claimed that they are amongst of the largest bank in M'sia...huh

nowadays the workload become double since many staffs has resigned...sigh
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I you don't mind,which bank that are you referring to?

Sometime, a good bank in Malaysia also well played,they hide in success even thought their management suck!
DDSFan8
post Feb 1 2012, 11:28 PM

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ai yah, all industry got pro and cons la...
leizmende
post Feb 3 2012, 11:22 PM

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how about ocbc bank ? bonus and increment ok ? how about risk management & collection team?
nadiahanwar
post Feb 10 2012, 02:49 AM

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My lecturer said bank rakyat gave 1 year bonus to their employees. Not sure if this true hmm.gif
mercury8400
post Feb 10 2012, 11:46 AM

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Added on February 10, 2012, 11:47 amthen now ? how is their pay ? seems like the people here mention rm3.5K, a lot it seems ? their benefits ? progression ?
*

[/quote]
RM 3.5k only for their top of the range so called cream -de la cream of the corp Management Associate program (not to be confused with their Credit Management Trainee program) The MA program only hire so called hire calibre people or specifically girls wearing very short skirts.....


Added on February 10, 2012, 1:26 pm
QUOTE(Knight_2008 @ Jan 1 2012, 07:01 PM)
actually, what does corporate bankers do? I understand that investment bankers help the firms tap the capital market, do loan syndication, and advise on m&a. but not sure with corporate bankers.
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Think of it this way.
Investment Bankers will advise on M&A, IPO, restructuring, etc. However there are cost involved and these could run to the hundred of millions, which the company do not have at the moment or do not have so much liquid cash. So the corporate banker will come in and finance the transaction.

Other than that coporate bankers also finance asset acquisition (acquisition of buildings, assets, etc), mergers and takeovers and working capital requirements.

This post has been edited by mercury8400: Feb 10 2012, 01:27 PM
chickenfied
post Feb 11 2012, 04:28 AM

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QUOTE(debbieyss @ Aug 19 2011, 09:30 PM)
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?
*
Not sure about bank of china and bank of tokyo, but deutsche and JP have very small offices in malaysia. they're famous because of their IB work in the US (and worldwide), but i don't think their offices in malaysia are offering IB positions, unfortunately.
raulxiver
post Feb 11 2012, 11:48 PM

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QUOTE(amirsnake @ Feb 1 2012, 06:14 PM)
I you don't mind,which bank that are you referring to?

Sometime, a good bank in Malaysia also well played,they hide in success even thought their management suck!
*
i think i know which bank he is referring to

"nowadays the workload become double since many staffs has resigned...sigh"
AnswerSeeker
post Apr 18 2012, 10:55 PM

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what are the standard benefits for degree holders in terms of annual leave, medical coverage and bonuses and epf % for the bank listed below?

1) Std.Chartered
2) Hong Leong
3) RHB
4) Ambank
5) OCBC
6) CIMB

NewPro
post Aug 3 2012, 06:46 PM

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QUOTE(ibnunarsim @ Feb 12 2012, 10:09 PM)
Bank Rakyat gross profit for FYE 2011 is RM2.01 billion.  drool.gif

Trend of bonus for the past 5 years:

2007 = 10 months
2008 = 12 months
2009 = 14 months
2010 = 15 months
2011 = 16 months  rclxms.gif
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wow.... that good ah? i tot only CIMB pay high bonus...
anyone know this year how is the bonus for the following banks?
1. Maybank
2. CIMB
3. Public Bank
4. AmBank
5. HLB
tstan8_8
post Aug 3 2012, 07:04 PM

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QUOTE(LG Human Resource @ Apr 19 2008, 12:28 PM)
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%

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EXCUSE ME LG, please don't down grade the market salary.

If you cannot hire people to join yr company, please provide them with a better benefit..
ahdon17
post Aug 7 2012, 11:54 PM

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Anyone knows how much uob credit card sales executive (fresh grad) are paid?
xsaintzx
post Aug 27 2012, 09:24 PM

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QUOTE(tstan8_8 @ Aug 3 2012, 07:04 PM)
EXCUSE ME LG, please don't down grade the market salary.

If you cannot hire people to join yr company, please provide them with a better benefit..
*
Dude see the last edited date, it was 4 years ago at 2008 doh.gif doh.gif

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