Anyone know whats the salary range for a consultant level in Accenture?

I heard fresh grads got around 3.5k from them

stop talking about salary range..doesn't make any difference...do business venture to get the money satisfaction...

Wow that is quite alot

WTF..accenture will not pay 3.5k for fresh grads...you need to get experience to get that figure..3.5K for those you have 3 to 4 or may be 5 years experience...plus u also work like dog!!

they are paying around that.. my friend fresh grad in accenture. 3.4k.. confirmed with other accenture ppl also..

your friends lying to you..they just trying to be proud themself working with multinational company n saying they got high pay..reality they only got if lucky RM2500 inclusive allowance...if got entered into their SAP dept fresh RM1200 + trianing 6 months after training RM2200 if lucky enough to get into their SAP Dept..++ work like dog..no life..that is the reality...i know coz i worked with accenture last time make me tired with consulting firm..HIGH pay for those with experience only...they dont want to waste their money with fresh who is learning.

@hikari,
Ur friend fresh graduate what academic level?

@imax80,
Could it be possible that this starting salary of RM3.4k as mentioned by hikari are for those with postgraduate degrees but no prior work experience? *shrugs*

lol errr my sis is in accenture, she went in tat time 3.4k... 1 year increment 500...
i dun think my sis is lying to me...

@tomatotomatomy,
Maybe it depends on position, role and responsibilities too?!

This post has been edited by tinkerbel: Aug 3 2008, 01:46 AM

yes fresh grad... have to go through 3 interviews... they dun really take local uni ppl i think... my sis grad from US..

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Added on August 3, 2008, 1:47 amher card says consultant analyst...

This post has been edited by tomatotomatomy: Aug 3 2008, 01:47 AM

@tomatotomatomy,
*shrugs* I ain't from the same industry so have no idea about their designations/titles. 3 interviews?! In the past, it used to be 4

pls dun conclude that my friend is lying to me.. it's u who don't really know the structure of your company... the example that u give is for SAP department which is just for 1 department. it might not be applied to all departments. plus, from what i gathered is that the outsourcing services department staff are paid lower than the consulting arm. thks

frankly imax, their starting pay is going higher and higher. Maybe it is around 2k when you were working there, but as time pass they increase the range.

lol'd at you. My friends wont lie to me. Theyre rumors saying that they gonna increase the pay too for fresh grads. But my friends graduated from overseas and not locally if that makes a difference for you. 3k for fresh grads are common now. Most of my friends are getting around that figure inc me =). So get your fact straight yeah?

Sorry to hear about your bad working experience with Acc.

You can ask them how much they pay for the seniors. my friend is working inside. told me that one of the senior getting paid 160k a month.

160k
wht is his/her designation?
so envy

dont think 160k..should be 16k, more realistic i think..160k is CEO salary

RM160k p/month x 12 months = RM1.92m and that doesn't even include bonuses, other allowances and perks?!

Hear that accenture got really high requirement as well?

I know this is unrelated but for those who wants to compare salaries.

A standard Australian McDonalds full time worker earns around AUD$3k per month.
That's just a front counter staff.

Malaysian economy is going down if people are going to be underpaid.We'll even put ourselves on par with 3rd world nations like India, Vietnam, Cambodia or Bangladesh.

Our Government is just playing the "pretend not to know" game just to keep the MNCs from complaining.We do not have the advantage to make them stay.It's actually a very bad indication of our country's economy.
What do we have that other developing countries like Vietnam, Thailand, Bangladesh and India doesn't?If we are going to play the same game as them, they'll always have the advantage of having cheaper labor.

It is the wrong route to go because as we speak, countries like Singapore continues to suck in our talents with their performance policies.

I still dont believe fresh grad getting started with RM3500..hard to believe..even RM3000 still dont believe at least doing sales job..but doing IT stuff analyst n programming stuff..there is no way with freshy to get that figure..at least u r golden chicken

The company I am working in is small, but already gives fresh grads 2.3k++...
so i think big company like accenture giving 3k++ is still acceptable

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Added on August 3, 2008, 2:17 pmtrue...most of us are underpaid here in malaysia...


This post has been edited by 10minute: Aug 3 2008, 02:17 PM

bagus la kalau fresh grad boleh dapat GAJI sebanyak RM3500..saya tumpang gembira..good luck to all fresh grads..

imax80 'pUbliCC bangK' management trainee in HR dept getting 2.8k basic fren

i heard hr management trainee no need go bangi for training cuz its HR

if u take sales and marketing u get 2.8k + allowances + claim

y cannot burst 3.5k leh??????

i heard hsbc and CIMB offer higher

heck look at BAT management trainee also getting 2.5K basic + allowances + claim + 3 carton of dunhil permonth <<<< no joke go read other threads

BAT sumore offer u quantum leap of salary after the 1 year training program is done

n again y cant a fresh grad get 3.5k for 1st job?????????

times have change fren imax80 if u thing ur pay is less than 3k and ure super experienced...i suggest u change job cuz i dont understand y the uproar when u hear of fresh grad getting more than 3k sumore say ppl's fren lie -.-


JUST MY HUMBLE 2cents -.- dont emo i love u

This post has been edited by untouchable: Aug 3 2008, 05:10 PM

HSBC Call Centre junior consultant staffs are paid over RM2k.This is not even executive position.

To add to the discussion about Accenture and low paying jobs, ten years ago I was offered a position in Accenture (then known by a completely different name for you young uns). I just finished my Masters and was offered RM3200 before allowances and overtime. I said go to hell and have never been happier The consultant culture at Accenture is go up or get out, so it's not fun for some people. I enjoy working under pressure but I can't stand office politics.

However I must say that RM160k a month is a very nice figure, I wouldn't mind getting that kind of money.

wow..bagus la..itu yang saya suka dengar..time have change...harap2 nanti fresh grad boleh dapat RM5000K tanpa pengalaman.

call centre ma also got name to call standard la less than 2k -.- im talking bout managemetn trainee or management associate level ler

call centre is wat level fren

lol cheers

Fresh grad dekat Hong Kong basic is HKD15000 atau RM7500.

Malaysia boleh ke?

Syok saje nampak kosong kat belakang.

after browsing thru accenture website

any comments on this for a fresh grad?

https://tas-accenture.taleo.net/careersecti...046#topOfCsPage

Accenture Graduate Consulting Opportunity 2007-2008

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Added on August 3, 2008, 6:57 pmwonder when will 08/09 come lol

and also the starting pay -.-

is this considered management trainee levle?

This post has been edited by untouchable: Aug 3 2008, 06:57 PM

Retarded mentality, mofu.
If you are still living at the 90s then congrat, you need to catch up bugger.

@tishaban,
Damn.. I should have joined AC when I got back to KL - might have bumped into U much earlier then hMm... at RM160k p/month I get me own room @ Hilton right?! *grins*

@imax80,
RM5k for fresh graduate?! I think U should go back to bed - there's a better chance of that happening in ur REM.

@ark890,
I don't think U can compare HK with us - cost of living there is v much higher than it is here in KL. If the zeros at the back makes U much happier, just get ur accounts department to issue U a cheque with additional zeros at the back - RM1,000.0000

its true, accenture's starting pay for fresh graduates in consulting workforce is RM3250. more if you're from a pedigree university. 2-3 years later, barring any unfortunate circumstances, you'll be promoted to consultant with a base pay of around RM5500. they pay very well, but expect to work like a dog there (this is speaking from experience). however, they really practise the motto of 'work hard, play hard'... its the part where i miss the most about this company

This post has been edited by incognito: Aug 3 2008, 10:11 PM

waaa so based on the link

https://tas-accenture.taleo.net/careersecti...046#topOfCsPage

Accenture Graduate Consulting Opportunity 2007-2008

these positions around 3200 starting pay for fresh grad????

i think young ppl should not complain and suffer early in like n not lepak 1st then only serious later....

i have a fren working in one of the top liquour distb. company MNC in malaysia

he lepaks more than work

pay also ok

position accounts exec....accounts exec here is not the debit credit account means he services accounts and manages them too and try to get new accounts

he gets a basic + commision

but i think he can do better if he works harder like trying to work in accenture

ermmm...my sis working with accenture, she started at 3.5k as a freshie...i think my sister's payslip wont be a fake one kwa cos i help her to do income tax....salesjob? ermm...3000 for sales position as basic pay gotta be experienced sales ppl lor...am workin in small ciken company as sales, basic oso more than 3k lar...if accenture paying much higher is acceptable lor cos MNC ma...

Unbelievable! When is the next intake for management trainees? Do they provide training? RM3500 salary?

for your info, accenture salary range for m'sia is considerably low if compare to accenture at other countries.

One of my friend, Chinese, Shang-Hai-nese with about 2 yrs experience,
got a HR consultant job (his previous SAP experience is not HR) from accenture China, and he is getting at arnd 8k MYR + additional allowance, i would say he's getting about 5 figure MYR everymonth.

I got to know about this when he recently came M'sia for some training and we met to chat about job.

yea, so i heard Accenture has got no life but money.

important thing in life is live it happy. i wont be happy buying a big house but no time to spend in it, buy a big car but no time to travel in it (only drive to work), buy expensive stuff but only wear it to work...

money is important, i agree. but paying that with your time + work = i dont agree. we gotta live life balanced.

no offense against those who work in accenture, or workaholics (i used to be a workaholic), i'm just generalizing the topic.

enjoy work people.

fyi, a lot of accenture employees do have gf/bf, husband/wife n kids

being a workaholic is the person's choice, not a company's fault...

you can also see most chinaman style company have no life and no money

which one will you choose?

I do agree it's a personal choice, however a company can promote work/life balance as well. For example the company I worked for has a personal KPI that I have to take 90% of my annual leave every year to promote work/life balance, plus there's a quarterly budget for team building etc.

I've not worked for Accenture so I don't know how it's like.

What do you mean by that?
Have you asked them about their relationship with the loved ones?

If your boss comes and tell you this evening that a client urgently wants this done by today, can you tell him/her you want it postponed to tomorrow or end of the week?Do you have a choice?

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Added on August 5, 2008, 2:10 pmAll those KPI, BAM and performance indexing figures do not entirely reflect balance in one's work/life.They are just put up on the board for the upper management, directors and the CEO to assess his company's overall performance.

Things like health, mental alertness and an open/free mind cannot be gauge through those figures.A troubled employee will never perform optimally or go beyond his/her job routine, often never happy with their job.You would never know about your staff's shortcomings unless you keep a close relationship with them which many bosses fail to do most of the time.They would just hand you your tasks, supervise your work and if you manage to achieve your goal, you're good if not you're not up to expectation.

You would often see this in indian run organizations.They try to follow the western way in HR management methods in keeping numbers intact but those figures they put up are mainly just to impress.

This post has been edited by ark890: Aug 5 2008, 02:10 PM

what makes you so certain that you are correct? I think you have to catch up a bit la bro....
There are companies that even pay more than RM10k for a freshie...do some research!!!!! fresh can get such pay if they are good and they are in the right place!!!! It doesn't mean that it doesn't exist because you have not exp it or have it for yourself~
are u referring to RM5000k = RM5000000????? or RM5k per month? give u a hint, do a research on some foreign banks in malaysia, they do pay that much for a freshie

erh, i would say sometimes its unavoidable, the company plays a role too. when ur boss say u have to work OT, can we say no because i need to have dinner with my gf? ur boss might just say that u are not suitable for your post..

JUST MY 2 CENTS

This post has been edited by Sp00kY: Aug 5 2008, 02:25 PM

@tishaban,
I thought U mentioned joining AC 10 years ago?!

No I said go to hell to them 10 years ago. I was working in the US and stayed there.

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Added on August 5, 2008, 3:06 pmark890, you are right there. Statistics can be twisted. I have worked in a chinaman company, and I have worked in a European company. The European company has work/life balance in their KPI/statistics as well as being part of the company culture. I admit that I don't know anything about Accenture so I can't tell what their work/life or workaholic policy is like


This post has been edited by tishaban: Aug 5 2008, 03:06 PM

Sp00ky,

If you are talking about jobs paying more than RM10k per month for freshies in Msia, please name me some (with actual company names included). I know 1 or 2which pays that kind of salary, but they are not 'open to public for application' kind of job. And, 'good' candidates are far from sufficient to take up these roles.


The hours in Accenture really depends on project. There are some which have very average hours, 9-6, some which require longer hours. But you will not get anything like 90 to 100 hours per week. I think, generally, the ppl care more about whether you have finished what were given to you to do than what time you went back last night.

Chinaman company...they sometimes lack the knowledge about keeping staffs happy and its implications.

The modern thinking ones are beginning to improve on their staffs working environment but many today are still more concerned about making maximum profits all the time and minimizing cost/expenditures.

A summary would be:

Modern chinese companies matters profit over anything else.Expect to put in lots of hardwork, lower salary ranges but their HR management may be next to their European counterparts.

The worst thing you would expect is when the management play much politics and favoritism.At least you won't find many chinese companies having these sort of culture.

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Added on August 5, 2008, 5:19 pmWhen a fresh draws that kind of salary amount, you should also know what is expected from you.Your kind of job may involve lives, handling highly complicated machinery which cost millions as such.



This post has been edited by ark890: Aug 5 2008, 05:19 PM

imax totally doesn't know what he's talking about. Accenture is offering around 3.5k for fresh grads for their consultancy line and 2.5k for solutions team (programming). However, it may have increased by now.

WHAT!!! RM10K for fresh grad..GFY

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Added on August 6, 2008, 9:56 pmis it? my friend work for accenture for almost 2 years already...plus2 allowance his salary only reach RM3K++...he is working at client site menara TM.

This post has been edited by imax80: Aug 6 2008, 09:56 PM

> RM10K/month? Well, you need to join company like Schlumberger .. and surely, you won't see life while you're working with them ..

their relationship with their family is very good.

u always have a choice. your boss have to be reasonable too. you can't expect your people to put aside their personal plans to deliver things last minute in such short notice.

n like any company anywhere, there'll be good n lousy bosses. whether to give in to unreasonable bosses is always a choice of your own.

lol,10K for freshie, that must be McKinsey or so company, which is "not open for public"...

So much speculation in this thread. Yes, Accenture pays RM3.4k for their year one consulting analysts. Solutions workforce programmers earn RM2.5k, but can claim overtime.

As for the RM10k for fresh grads in Malaysia, year one analysts in MNC investment banks make RM140k a year.

Traders make even more in bonuses, 150%-200% of their annual pay.

A friend of mine works for a well known oil & gas consultancy, and he makes USD4k a month.

Be aware though that you have to be -very- strong to make it into these jobs, and even stronger to keep it. We're talking Ivy League or equivalent (UCL, Paris, Ecole, Melb Uni etc), probably top 0.5% or 1% of grads in Malaysia.

How do I know this? I've been there, done that, so yeah, this is fact =p

A few nitpicks here....

1) MNC investment banks do not pay RM140K to fresh graduates as analysts, nor will they hire fresh graduates as stock analysts. As assistants yes but not analysts.

2) Melb uni etc are not the equivalent of the Ivy Leagues and Oxbridge.

Agree with the previous post.

But, have heard rothschild paying 10k for selected freshies. Not sure of their roles.

McKinsey in Malaysia MIGHT do so but their intake of fresh graduates is probably maybe one per year and sometimes none as their policy is mostly geared to hiring more experienced folks or MBA grads with several years of management experience under their belts.

This thread and others as well in this sub-section of LYN has had its fair share of clueless and lying fellows who trumpet about extremely high pay for fresh graduates and makes it seem as if it is a realistic expectation for the masses of fresh graduates out there.

Let's get something straight here and TRUTHFUL - the best amongst the educated Malaysian young men and women are NOT in Malaysia having ventured abroad and rubbing shoulders with the young elite at the likes of Oxbridge and the Ivy League colleges and in all likelihood, most of them will NOT be plying their trade in Malaysian based companies.

Hence, there is absolutely NO reason (financial or otherwise) for any Malaysian based corporation or firm to be paying five figure salaries for a wet-behind-the-years 2nd rate 22 year old kid with no working experience whatsoever. Profit-minded corporations aren't stupid after all.

And even if a very few do, I would venture to say that the number of such jobs can be counted on ONE hand for the entire Malaysian labour market.

If you're getting paid like 3000 pounds or USD4000, you're already getting 5 figured salary in Malaysia.

Profit minded companies trying to save a buck or two in Malaysia are just using Malaysians as slaves.They aren' stupid yeah right, annual staff turn rates?Either the HR staffs are too free or they don't mind having to recruit new people all the time.

Being paid in foreign lands is just that - the idea of conversion does not come into the picture as the discussion point here is about local pay packets in Malaysia.

That's corporate life in Malaysia - accept your RM2,000+ monthly salary as a fresh graduate or work abroad if you have the capability to do so.

Typical China style mentality.Take it or else next please, there's a long queue waiting behind you.

If you're going to ask a first class honours to be paid sub RM2,000 level, just like how comrades do in China where doctors, engineers, accountants, actuators all earn the same life ain't going to be meaningful.Don't even try to bring hell here.I'll like to remind you that this is not communist country.

If your are currently underpaid yourself or you're some sick person who loves slave driving, it's time that you look for a new job.These MNCs are here just to take advantage of our country's economic situation.

This post has been edited by heiren: Aug 7 2008, 03:09 PM

lol.. he's not the PM

I disagree completely. Maybe you misunderstood me.
1. You must differentiate rank (corporate rank) and position (roles and responsibilities). When I said analyst, I meant the rank of A1, i.e. an analyst being a first year MNC IB rank. I did not mean the position of analyst as in research analyst. A research analyst is a 5th year or so position, and is typically Senior Associate or VP rank. Those guys earn like RM300k a year. You are correct that fresh grads going into research will have the rank of analyst, but their position is assistant research analyst. As for them 'not paying RM140k', you are sadly mistaken.

2. In recruitment criteria they roughly are. My intent was to give an example of the best universities in each country. Remember that not all Ivy League universities are made equal too. Some are better than others in their respective fields.

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Added on August 7, 2008, 3:36 pmI've renumbered your sentences so I can reply accordingly.
1. You are correct about McKinsey and Co. A fresh grad joins them as a Business Analyst, and must leave after 2 years. If you do well enough, McKinsey pays for your Masters. If not, sorry la. Out.
There are very few BAs in the Malaysia office.

2. I never said it was a realistic expectation for the majority. My point is simple, there -are- these jobs out there, but there aren't many. If you want one, make yourself as strong as you can, and strive for it accordingly.

3. Most do not return, you are correct. However, some do. For whatever reasons, family, friends, SO, etc. I am one of them.

4. I disagree here. There's a huge variance between the strongest graduates and the weakest. After a few months training (typically 6 months), a fresh mathematically inclined 23year old trader can make millions for his firm. Directly quantifiable, on-the-floor profits. On the other hand, 10 lesser graduates may not be able to, and may even lose money in the capital markets. Worth the RM140k? Definitely.

5. You are somewhat correct here. Maybe not 1 hand, but there aren't many. 10 a year? 15 a year? 20 a year? Something like that.

This post has been edited by zer0hour: Aug 7 2008, 03:38 PM

Essentially, there IS a long queue waiting.

Want better pay? Move out of the country.

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Added on August 7, 2008, 4:59 pmWhich MNC IB's pay RM140K per year for fresh graduates in Malaysia? None that I know of. Malaysia is not even a regional financial hub and its capital markets are thinly traded so why should they pay exhorbitant amounts? Foreign funds which invest in Malaysia (which is not much to speak of in the first place) buy and sell on pre-determined weighted programs and certainly have no need for smart alecky number crunchers to do that for them - the only need order takers which your average equity broker can do just that. The traders who make the really big bucks in IB are the fixed income folks - and the fixed income market is severely under-developed in Malaysia which means those FI traders will need to ply their trade in Singapore, HK and Japan if they want to make decent $$.

Some Ivy leagues may be better than others in certain fields but there is no conceivable way that a University of Melbourne can stand up to Oxbridge or a MIT in any business related fields.



This post has been edited by SPS: Aug 7 2008, 04:59 PM

1 (a) None that you know of does not mean there aren't any. I don't feel comfortable disclosing which IBs, but you can take it from a person who used to work in that industry that there are those positions out there. I leave it up to you to believe me, or call me a liar.

(b) As for trading based on programs and models, yes you are correct. The majority of traders in Malaysia are sales traders, i.e. order takers. However, there -are- proprietary traders around. Again, I will not disclose which banks, but if you do some research on which bulge brackets have a BNM banking license, you can figure it out.

2. I never said they were equal. Read my reply properly - I'm saying that in terms of recruitment criteria, i.e. whether your resume gets thrown out or you get your interview, these are all within the accepted range.
At the interview, it's all up to you. Your degree counts for very little at that stage.

I am working in the investment industry and there are no IBs in Malaysia which pay anywhere close to RM140K for a fresh newly minted graduate straight out of school. Hence, I do not believe your statement.

As I have explained in my earlier post, logical inference would also tell one that IBs in Malaysia would have no need nor will they pay such a large pay packet for a fresh graduate - trading volumes are thin in Malaysia and the fixed income market cannot be considered mature in any sense so why should they need to?

An accepted range at the pre-interview resume sifting stage when considering the world's top colleges would be Oxbridge and the Ivy League plus Standford and INSEAD for instance, Uni of Melbourne and its equivalents would get bumped down another rank. This is not a discussion about the validity of the degree after candidate selection has been done.

ur friend must be in the solutions team then..... get a friend in the consulting workforce then you have the right to speak.... if ur friend is in the consulting workforce then either he's not doing too well or he has been cheated

1. And I have worked in the investment industry as well and I tell you they are. If you do not believe me, so be it, and we will just have to halt discussion on this. Fixed income is not the only market, forex and derivatives employ proprietary traders too.

2. Not true. Stanford and Oxbridge are primarily research universities. If you're talking about absolute top rank for the finance industry, then Harvard/Princeton/Yale/UPenn. All others, same rank as UCL/UoM/Paris/Ecole. Also, we are discussing fresh grads not MBAs out of BSchool. No INSEAD. And this was never a discussion about post-selection validity anway, why bring it up?

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Added on August 7, 2008, 5:52 pmHe's probably in Services. 3k+ for a year 3 is still too little for even Solutions.

This post has been edited by zer0hour: Aug 7 2008, 05:52 PM

i agree with kevin.. there's NO way your fren could be paid that amount in consulting workforce..

tat aside, it's true that ACNs' pay is on the high average portion in the industry.. but try calculating ur hourly rate, then u'll realized it's almost da same as wat ur getting outside..

ACN:
RM3500 / 22 working days a month / 11hrs a day (i'm not exaggerating; speaking from exp) = RM 14.46 per hour

Average:
RM2500 / 22 workings days a month / 8 hrs a day (typical) = RM 14.20 per hour

and work life balance, it's really depends on the project as well as your definition of balance.. some ppl may think havin full weekends every week is work/life balance; some might think of everyday going back at 5:30 to spend more time with family as balance.. so it's kinda subjective..

but i guess the most important thing is for u to be happy.. regardless of how much you're earning, if you're not happy with the work you're doing and the company you're working for, salary means little..

my conclusion is ACN is good for u if u:
1) wanna be exposed to MNC working environment and culture
2) gain and learn more of a specific thing (SAP, ERP, etc.)
3) young and no tight family commitments
4) super enthusiastic (with slight kiasu-ness) in learning and performing better than others

n try not to expect collecting enrich points if you're joining in fresh, the possibilities are not that great..

my friend told me that he will fly to moon powered by sugar, and he will not lie to me..no way he will lie to me....i believe him without logical thinking!!

This post has been edited by huix: Aug 8 2008, 03:29 PM

There is Rothschild bank in Malaysia??

hi guys,
i just got an offer from Accenture as a xxx.
It's not directly under Accenture. But it's a subsidiary company called Advent Business Services(ABS) at Menara TM.

What do u guys think?
is it ok in term of career development?
and i think the benefit maybe a little bit different from Accenture itself..

i got offer more than 1K..
no fixed allowance..
and medical benefits is not good like my current comp..

I used to work for a GLC Telecommunication company (not very hard to guess, right ?)

When I join there in 2002, the starting salary is RM 2157. Recently, they have increased that to RM 2400.

Considering GLC pay packet is at the low side of the industry salary range, in addition to the news that the government starting pay + allowance to be set at RM 2,800, I found it reasonable that fresh graduate at private local companies (especially that of MNCs) can earn RM 3,500++ for starting salary.

After working in that GLC company for 6++ years, I have recently joined a Big 4 consulting firm as Senior Consultant. The pay almost more than doubled from my last pay with my previous employer. The pace and work style/environment differs a lot and at times I wonder why I did make the move from the more stable work/life balance and slow paced work environment to this.

Don't get me wrong, I am an ambitious lot and I know before-hand what I am into once I resigned from old post. The point is...money is not everything and there are reasons why some ambitious people prefer to stay at one position in one company that pays lower than that of the market.

As one of my former boss (who worked in that GLC company) once said....if you're healthy and ambitious, go for the money at other firm....but if you're dying of cancer or need to be with your family all the time, this GLC is the best company for you to work in. As he said "my medical cost due to my chemotherapy runs from RM 20,000 a month at least, but the company is paying for it...no questions asked. If I was not feeling well, it's ok for me to stay at home without medical leave deducted....so what ever people say, this company is the best company I have ever worked with and I have no intention to leave the company, until the day I retire or die...." and he passed away a year after retiring from the company.

So the point is, there are many factors why one company is preferred to the other and there are reasons why people choose to stay at one company and that reason doesn't necessarily meant big bucks.

This post has been edited by aabrahim: Nov 20 2008, 04:37 PM

nicez.

While other people say they had 3 interviews before they got in to Accenture.
I did mine in 2 interviews and got offered.
However, the last meeting with the Partners could not pay my figure in demand because I told them..."non-negotiable", they just told me, it would be difficult to bring me in.

Not 5 figures, and consultant level.
this was 4 years ago, when i have more than 6 year work exp.

But true enough, some people find what they want from there....while others find more balance in other job, which I did. Although, not a better offer, but suitable in terms of balancing my life, and not having to work more than 8 hours aday, and yet less a few hundred from the figure i asked from Accenture.

Frankly...having a BIG salary for fresh graduate isn't all good.
You will find out HOW hard it's going to be moving into future jobs....when u really can't stand working there.

That is why, I am a contractor. That seems to be the route I have to take to maintain the speed of my salary targets.

Pros and cons...don't think having big bucks makes the person a better position or lucky.

So after all these discussion.. anyone got into Accenture?

This post has been edited by Doppelgriff: Mar 4 2009, 05:02 PM

It's the company culture. Accenture's culture is either you go up (by raising your profile with the managers) or get lost. Their turnover rate is very very high and they don't care if people worked there 5,6,10 years leaving, they will bring 10 fresh grads next day, low paying, why not!?!

Not everyone wants to be workaholic, but being a responsible person, your project is due next week, will you work this weekend or not?

Accenture's culture is being pushy, getting projects with ridiculous deadline so that they get the deal and sales is boosted.

Acn is actually a good company. Work time is not fixed but their policy is you get your job done. What I notice is in some project (maybe it's Malaysian mindset), employees stayed until 6.30-7.00pm but can leave around 5-5.30pm. You must have thought they are damn busy. In fact, sometimes they just chill in their cubicles, work and relax when they can actually work efficiently and go home soon.

A lot of yum cha in the middle of work. I work there before (intern only) and my manager is an australian.

Many ppl will say Australian r lazy but actually some of them are very efficient. They finish working by 5.30-6pm but when they work, they really work hard and no time is wasted.

Here in Malaysia, it's more like... you make your move going home 1st, then I follow, if not stay until 7 lah...

I'm sure this happens in many company and I truly hate it. Going home at right time and being said of not hardworking enough

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Added on March 8, 2009, 11:26 amEvery consultant work is the same. The first few phase sure very tough and need to stay late often. But towards the end, very chilling.... but they will still stay until 7pm


This post has been edited by EddyHyip: Mar 8 2009, 11:26 AM

1 question guys, concerning the RM140k pay for fresh graduate. Typically, where does that fresh graduate come from? Malaysian universities or overseas?

Wow, banks in Malaysia sure pay very well. RM140K for fresh graduates. RM300K for AVPs with 5 years experience.

Foreign banks in Malaysia are either paying double what foreign banks in Singapore pay (assuming 1:1 parity or absolute parity) or they pay the same as in Singapore (in USD ie. common currency). You really think so? I guess KL's the real financial hub then, not Sg or HK.

Check out this website: efinancialcareers.sg I've linked the search page. Filter your search for country: Singapore and salary: S$100,000-200,000 and you'll see that it's mostly AVP level jobs in MNC banks. See how many years of experience and the types of experience required. Most of the jobs are in wealth management or relationship/corporate banking. Find an entry level job for a fresh grad with no experience in this area, pls post it here.

In the meantime, let me go tell my banker friends about the postings in this thread and watch them either ROFL or straightaway apply for a work permit to Malaysia.

Having said that, someone earning 300K after 5 years work is not impossible. The VP in my office is only in his early 40s, and he's already earning US$2-3 million a year in Singapore. His pay after 5 years in the company was already S$250,000. But then there's only 2 people like him out of 5000 employees in Asia, who are fast tracked (average of one promotion every 1 - 1.5 years). But even a super high flyer like him didn't get a huge starting salary when he joined the company. He got the same as every other fresh grad. He was fast tracked only after he proved himself, and being really good, he could prove himself (and get opportunities to do so) very early in his career.

So, I subscribe to the notion that no company will pay a ridiculous starting pay to an untested fresh graduate, no matter how good your education says you are. But if you're really good, you will get ridiculous increments and promotions... but not before you prove yourself first.

Are you sure KL pay is double Sg's? (following your assumption of 1:1 parity)

My understanding (based on my senior last year and my classmate now) is that it's more like 1.4 times. (following your assumption of 1:1 parity) Btw, I'm in NTU now.

I'm assuming that that RM140k is pay for fresh grad in investment banking division by foreign investment banks in KL.

And if we take a more realistic purchasing power parity, I believe the ratio should be even lower than 1.4.

RM140k for a fresh graduate working in the banking sector in Malaysia is pure BS.

Moreso in these troubled times for financial institutions and for a financial backwater like Malaysia.

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?

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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