Well, can anyone confirm?

I believe if you can get into investment banking division, the compensation should be very competitive. But how many leading financial institutions actually have investment banking division in KL is another story.

around 3k plus.

Your last sentence and the fact that KL is a financial backwater clearly states what sort of "investment banking business" exists in Malaysia.

Just curious, so I did a little search for investment banking in KL. Apparently, these banks have some sort of investment banking presence in KL (I lumped the banks according to home region, but not in particular order individually):

UBS (Securities)
Credit Suisse (Investment banking & rep office)
Barclays Capital (Investment banking)
Royal Bank of Scotland (Trading and advisory, so there's investment banking here)
Deutsche Bank (Trading and investment banking with support from Sg office)
BNP Paribas (Corp finance advisory and equity research and also asset management. So there's investment banking here)
ABN Amro (I don't know what services are they offering here)
Macquarie ("Our range of services on offer in Malaysia includes equity research and trading, corporate advisory and structured finance.")
Merrill Lynch (Function not specified)

Notable absence include:
Goldman Sachs
Morgan Stanley
JPMorgan

Looks like Europeans (And Australian) have stronger presence in KL, compared to Americans.

From what I learn from my friend (who got an internship in one of the firms above), hiring in Malaysia seems to be subject to the total number (as well as quality) of personnel hired in SE Asia or Asia Pacific. I don't know if Malaysia is given any specific quota for their hiring in Asia Pacific.

This post has been edited by Tangiers: Mar 20 2009, 07:14 PM

wait, i'm confused -- how much was a typical consultant salary in Malaysia? sorry, I was lost within the thread....

There's a website called glassdoor.com, i think they have some general salary range for Consultant at Accenture. Pretty accurate.

im working in the bank and i can assure u that no banks will pay RM140K P.A for fresh graduate. and RM300K for AVP is also out of the mind. unless u're working in US/UK top investment bank, then u MIGHT get that high.

a fresh graduate earning RM140K P.A is insane. Is around RM11k per month. No company will offer that unless that company is owned by your family.

rm140k p.a for a fresh grad

i would rly b interested in this fresh grad if he/she rly make 14k p.a.

any proof?

---

Added on January 26, 2010, 10:18 pmrm140k p.a for a fresh grad

i would rly b interested in this fresh grad if he/she rly make 140k p.a.

any proof?

This post has been edited by xander: Jan 26 2010, 10:18 PM

You obviously do not know anyone in Accenture.

Btw I bet youre a Malay

This post has been edited by Geek In Action: Jan 26 2010, 11:17 PM

What sort of engagements do McKinsey, BCG and such get here in Malaysia? Do they service only large MNCs on HQ-driven projects?

Actually fresh grads in their consulting platform (analyst) do get more than 3.5k (gross) per month. It's hard to get in, but those who get in are rewarded for being a nerd/geek!

I am not surprised that the gross salary for an Accenture consultant is RM3.5K. This range includes the allowance for the gadgets. Anyway, there are many millionaires in Accenture. When the company was listed in US, the partners and senior managers were given shares. The share price was 30 over USD and if converted to MYR, 1 share hundred over rinngit. Over night, there were a few partners got MYR 40 - 50 million when the firm was listed. Anyway, not all in Accenture are so lucky. So, if you are looking for money in this firm, it is hard earned money. Most of the partners have white hairs at the age of late 30's.

So what if hes a malay?

If i say why i'd be banned from this forum lol.

Look at your banks, post offices, govt dept etc.

Im sure you'll find the answer to the statement brother man

Alo budak kecik, please stop generalising.
Ive seen a lot chinese/indian people who are lazy and doing their work inefficently and spent most of their time chatting and talking nonsense while working!
So whats your point?
That guy imax now i think is earning 7,8 times more than ur fresh grad salary, maybe hes statement is not that accurate becoz i know last time my friend(fresh grad) who started work in accenture in consulting department earned rm3k++(but most fresh grad works in accenture are getting peanuts!) but does it has anything to with his race?

Baka~

Not only you're a racist troll, you're also a cowardly person too. So I'm guessing the minorities who work in banks, post offices and civil services must be equally if not more useless than their Malay counterparts? Assuming of course these jobs are beneath your mile high standards.

Quit about being racist. Can I know if they hire actuarial science grads?

If i remember correctly when I did my app, they welcome any graduates from any field. If you're on FB, there's a page (http://www.facebook.com/AccentureAsia) where they will answer all of your Qs.

hey guys am wondering what are the working conditions like in consulting? and the environment? thanks