QUOTE(SPS @ Aug 7 2008, 10:42 AM)
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.
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.
Added on August 7, 2008, 3:36 pmQUOTE(SPS @ Aug 7 2008, 02:29 PM)
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
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.
This post has been edited by zer0hour: Aug 7 2008, 03:38 PM 
Aug 7 2008, 03:10 AM
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