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

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princessmei
post Apr 20 2008, 08:19 PM

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probation for fresh grad with ambank is 6 mths.. and bonus should be 2-4 months (depends). 2 months bonus is for clerks... it is contractual bonus. for exec is definitely more.

one more thing.. i'm not sure where you got the annual increment figure from.. it's around 7% to be exact.

This post has been edited by princessmei: Apr 20 2008, 08:26 PM
Chester
post Apr 20 2008, 08:22 PM

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And HLBB annual increment is 4%
violin_player84
post Apr 20 2008, 11:09 PM

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i heard standard charted 14 months pay
terryykf
post Apr 20 2008, 11:34 PM

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QUOTE(bennyhwl @ 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
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wow....so high oh...with higher education of coz higher pay lar...

QUOTE(yen1022 @ Apr 20 2008, 09:41 AM)
1 wondering how come they offer high basic for sales position?
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Sales ppls brings profits to the Bank ma,thats why Bank offers them high salary...
now Banking industries looks very seriously in sales...
without sales how are they going to make money??
yen1022
post Apr 21 2008, 08:16 PM

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QUOTE(terryykf @ Apr 20 2008, 11:34 PM)
wow....so high oh...with higher education of coz higher pay lar...
Sales ppls brings profits to the Bank ma,thats why Bank offers them high salary...
now Banking industries looks very seriously in sales...
without sales how are they going to make money??
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becos some other company (not bank) they offer low bassic as commission high. its a diff scenario in banking.
danielwan
post Apr 22 2008, 09:21 AM

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How about some of those middle east bank? Ive heard the mostly their full package is good!
4 z a
post Apr 22 2008, 10:11 PM

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UOB where got 2 months bonus!!!!!

I am 101% SURE their two months bonus already included in your basic salary...
UOB normally bluff ppl with high salary and never tell ppl they the bonus already included in the basic salary...

Beware of this malay HR lady (Nur Eliza) from UOB, she never explain properly during interview... especially about bank's benefits part.

And alot AVP there don't have real talents one... only know to "POLISH SHOES"

Real story!!!! I was in UOB as fresh graduate smile.gif

Luckily I left after few months thank god I got another bank's offer.

UOB NEVER appreciate staff one...

AND PLS CORRECT ME IF I AM WRONG smile.gif
Chester
post Apr 22 2008, 10:28 PM

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4 z a, i always hear UOB got a higher basic? UOB no bonus? Which bank are you in now tongue.gif
kb2005
post Apr 22 2008, 10:35 PM

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QUOTE(violin_player84 @ Apr 20 2008, 11:09 PM)
i heard standard charted 14 months pay
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Really ? shocking.gif
slynn
post Apr 22 2008, 10:45 PM

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QUOTE(deodorant @ Apr 20 2008, 03:42 PM)


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.
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deodorant,

You sure or not? ur fren oversea graduate or local Uni graduate? I heard tat only oversea graduate will have the chance to go oversea. If local graduate, dun have the chance at all. Tis is wat i heard. a bit confuse.@_@

Act i went to alliance, standard chartered and UOB for management trainee post n i've pass mostly all the assessment. they like finding CEO. a lot of assessment. however, I would say very interesting and challenging. waiting for the end result. dunno which 1 to choose @_@ .....blur......


deodorant
post Apr 22 2008, 10:59 PM

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QUOTE(slynn)
I heard tat only oversea graduate will have the chance to go oversea. If local graduate, dun have the chance at all. Tis is wat i heard. a bit confuse.@_@
100% false. Once you get accepted as an International Graduate (IG), you are on par with all other IGs regardless of where you graduated from. It's not an easy program to get into, though.

Having said that my friend graduated from Australia yawn.gif ...
4 z a
post Apr 23 2008, 07:16 AM

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QUOTE(Chester @ Apr 22 2008, 10:28 PM)
4 z a, i always hear UOB got a higher basic? UOB no bonus?  Which bank are you in now tongue.gif
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The basic salary sounds higher... RM2600 << RM2200 + RM400 (Contractual bonus divided and added in your basic salary).

So you will be only entitled one bonus which is perfomance bonus.


Added on April 23, 2008, 7:17 am
QUOTE(kb2005 @ Apr 22 2008, 10:35 PM)
Really ?  shocking.gif
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14 months pay?

This is wrong. Standard Chartered officer level staff have 30 annual days leave which is the highest among the banks.

This post has been edited by 4 z a: Apr 23 2008, 07:17 AM
b00n
post Apr 23 2008, 09:35 AM

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btw, a lot of the banks are working towards 14 months pro-rated pay into a 12 month pay scheme.
Maybank did that thus you see a lot of protest and signs on "Bank robs our bonus" during last year.
But did the bank did anything wrong?!...

Yes, SCB currently has the highest annual leave compensation which is 30 days.
HSBC however has 7 days or 5 days paternity leave can't remember so well. Anyone working for HSBC?....can verify whether the old MOU of RM1,400 is still around?!
slynn
post Apr 24 2008, 12:09 AM

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need some advice here, i have gone through few assessment for management trainee post. a lot of stages but i've passed most of the stages they required. up to now, i've finished the interview at:

Alliance Bank and they have give me an offer: RM 2300 (Upon confirmation, RM 2500). 24 day Annual leave. RM 400 for dental. staff loan rate and etc.

UOB- however, still have one round to go. They offer RM 3500

Standard Chartered - they ask me to wait for 1 to 2 week(s) for their decision. They offer RM 3000.

which one to go? alliance need me to reply them asap eh......how ah? shld i accept it? or wait for others???? can any ppl give me some advice? alliance say they willing to pay of my 3 mnths notice period fr my company. will they ask me to sign any contract??? any alliance ppl out there?

I was wondering whether UOB and Stand Chart will need their employee to sign contract or not.


gary_cheah85
post Apr 24 2008, 12:50 AM

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QUOTE(4 z a @ Apr 23 2008, 07:16 AM)
The basic salary sounds higher... RM2600 << RM2200 + RM400 (Contractual bonus divided and added in your basic salary).

So you will be only entitled one bonus which is perfomance bonus.


Added on April 23, 2008, 7:17 am

14 months pay?

This is wrong. Standard Chartered officer level staff have 30 annual days leave which is the highest among the banks.
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HSBC IT officer has 30 days annual leave as well biggrin.gif
and sick leave not exceeding 30 days
basic salary RM2800 with bond 2 years


Added on April 24, 2008, 12:55 am
QUOTE(b00n @ Apr 23 2008, 09:35 AM)
btw, a lot of the banks are working towards 14 months pro-rated pay into a 12 month pay scheme.
Maybank did that thus you see a lot of protest and signs on "Bank robs our bonus" during last year.
But did the bank did anything wrong?!...

Yes, SCB currently has the highest annual leave compensation which is 30 days.
HSBC however has 7 days or 5 days paternity leave can't remember so well. Anyone working for HSBC?....can verify whether the old MOU of RM1,400 is still around?!
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MOU? u mean lifestyle allowance? I think it should be RM1200 depending on which level.
Higher level officer will definitely have higher allowance.

BTW, TS should categorize the salary and benefit according to job title/scope coz its not fair for ppl in management to be compared with those from IT

This post has been edited by gary_cheah85: Apr 24 2008, 12:57 AM
cutegurl
post Apr 24 2008, 11:38 AM

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yeah, is the salary for fresh in IT department is the same as per discussed?
emino
post Apr 24 2008, 12:05 PM

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TS, you can add this to your collection:

AGROBANK (formerly known as Bank Pertanian Malaysia)
IT Position for Fresh Diploma Graduates (Executive II)
Starting salary - RM2k + 300 living allowances
Benefits - medical, dental, a few more and some really low interest staff loan (we're talking about 2.5-3% for car and house loan).
6 months probation.

This post has been edited by emino: Apr 24 2008, 12:06 PM
hmspower
post May 4 2008, 07:00 AM

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if someone (fresh grad especially) wants some info on RHB Bank, well here it is..

IT Position for fresh grad - contract for 1 year (convert to permanent based on ur performance, n ur boss also yawn.gif )
Salary - RM2k sweat.gif
mileage claim - 55sen per km cry.gif
medical - pay first at clinic panel, then claim back shakehead.gif
no OT claim, eventho u got involved in important things such as DR exercise n others doh.gif
once converted to permanent, increment is just RM10 (heard this from my senior.. hope its not true) icon_question.gif

conclusion: u r working as if u r the permanent staff with lesser benefits than them..


just saw an ad about public bank yesterday, their statement "..Fresh graduate will be paid basic salary of not less than RM2800 per month" really catch my interest.. hmm.. any advice brows.gif
premier123
post May 4 2008, 09:45 AM

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Good or bad really depends on which department you go to. It depends on who you work under or work with. Banks are large corporates and large corporates are bound to have politics due to the hierarchical structure of the organization. Some worse than others...

Generally, bank's increments are low and quite fixed. Even if you are a top notch employee, there's only this much % your increment can be. With this in mind, try to negotiate a higher pay when you join. Trust me. I'm speaking from experience. Of course, this is not applicable to those trainee programs because the salaries are fixed.

grotesk
post May 4 2008, 11:08 AM

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For PBB, issit possible to become managerial at the age of 27? Not internally promoted, but hired from outside.

Also I got question on the benefits. Are all bank giving 16% for EPF, 24 days annual leave, and have loan subsidies?

Please advice. notworthy.gif

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