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

Agree with the previous post.

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

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.

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.

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 pm

I'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.

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.

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.

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.