CIMB is well-known to have given unrealistic bonuses, some of which can be as high as 13 months. No joke, source from insiders. But be prepared to have no life la.

hurmmmnn.. not as high as Bank Rakyat 16 month and OSK 1.1 Million (my fren got it).. but still good, comparing to other works which have no bonuses at all...


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i got into the third round n still waiting for a reply on the date for the fourth stage..

the first round was more to a formality and skimming on the candidates that can suit the CIMB culture best.. the question i got can be generally sum up as follows:

1) general knowledge on the current business scene -(I was asked on the past month business news updates)
2) reason for me to change my study background
3) enthusiasm hint question.
4) the high ranking people?
5) achievement?
6) what is CIMB?

the writing part i believe is updated for each interviews.. u guys need to read a lot and have a strong mind and knowledge on the current news affecting BANK! of course!

The second interview was a psychometric test or aptitude test (google it)... u guys need to do LOTS of math exercise for this one and do look for free samples in the net. Amazingly, the questions are almost similar...

The third interview is a presentation.. u will be given a topic 2 days before..
the only advice for this stage: BE URSELF AND KNOW YOUR PRESENTATION!
and, pause before u answer any question.. it shows you are careful and tactful (i got a compliment for this)...




Wish me all the best fellas, and all the best to you guys out there,,,
NO SHORT CUTS TO BIG MONEY!

Man, 1.1 Million. I must salute that guy if that is real.

@hulkcame
LOL .. I highly doubt the bonus is 1.1 million.. But hey if you say its true.. so it is?

Auditing reveleaed that CEO's in malaysia earn roughly 30-75k per month depending on company size and so far the highest bonus I've seen for CEO's is at 9 months. Which does not bring them even close to your 1.1million bonus.

Unless the person is the CEO of OSK or CFO or at the very least head of treasury and they had a crazy ass year mulling in profits (please take note OSK is VERY VERY CONSERVATIVE when it comes to risk), i highly doubt your statement

Just a heads up to those who're planning to get into this programme, none of the trainees of the previous batch made the "Investment Bank" cut. All were sent to Consumer Banking.

Highly agree on this, because this is what my seniors have told me. Fortunately, he got into a research position in CIMB Investment Bank area. Yes, and that is after one year of super hard work competing with the other candidates.

Competition must be getting really tough for none to make it into the investment banking field.

I don't think its fair for CIMB to offer MT for investment banking when it has no intention to any one in.

To everyone that is applying :
Would you still consider CIMB MT if you know that their IB isn't taking one in?

Prior from starting, a friend opt out of the MT programme as he manage to get a direct hire from the IB side.

I applied bout 3years back. they are very strict bout the cgpa. well, although didnt get d job, i stil feel d job im doin now is equally challenging n interestin. so no regrets

Really strict bout the cgpa? Damn Lower than 3.3 confirm kaput?

i applied it about 2 months back with cgpa 3.55 n still didnt get any reply from them

Aiyo... u local or foreign? they look into that also. and dun kena con by them la, u wont get into IB that easily although u got into the programme. There MUST be a vacancy in the IB first, then ONLY u can get there, but only after intense competition from other candidates who have the same aim to get there.

so they look at cgpa disregarding your uni?

Well, the last time i was there, the HR accidentally mentioned sth regarding that... which is they usually take foreign grads. If u didn't notice, their recruitment spanned as far as UK. They had a career fair there. So do u think they would still wanna consider local when they are spending thousands in HR to recruit foreign grad? U decide.

so much misinformation here.

1. they take in both local and foreign grads
2. there will be a 2 month classroom period where you are under evaluation, to see whether you are more suited towards ib or cb, and will be set after classroom ends. What i'm hearing now though is that new hires are told at the end of their 4th interview on which side they will be sent to.
3. IB has a lot of vacancies.
4. the program is called the TCB, and has a universal banking focus. at no point in time was it advertised as an investment banking program so the the likelihood of ending up in cb is as high as that of getting into ib.

1.I didn't say the ONLY take foreign grad. But the ratio for foreign is definitely higher based on simple rationale.
2.Yes, there are 2 months classroom period, which is why u have to do your best. Fail, and u will not be sent to the desired vacant position.
3.I seriously don't think so. 1 intake = 15 candidate. 1 year = 4 intake. 1 year = 60 new employee. Yea, we'll see about that.
4.Obviously, but the main purpose people joining CIMB is their IB. Most of them are. Don't tell me they are not.

Unless u r the CIMB HR, we wouldn't know. And rumour has it that they might be increasing to RM4k! I repeat, RUMOUR.

^

1. read through my post again. i was just pointing out to the others who might be taking cue from reading your posts here and might be discouraged from signing up because of your implication. i was told by their hr that they are trying to go regional now, and they used to hire more foreign grads but now they are trying to take in more local grads and regional candidates.

2. check your facts. there is no requirements to pass all the 5 papers to join the ib.

3. not all 15 will be placed will make the cut for ib each batch, and out of 60, it's more likely that say half of them are placed into ib instead of all of them. for a bank with 2-3k employees on the ib side, that represents 1-1.5% of the total workforce.

4. of course everyone wants to join the program to gain access to the ib side, but the prog specifically mentions that it has a universal banking focus, and that is exactly how cimb is trying to portray itself. again, my mention of this is to help new applicants manage their expectations.

and finally, rumor is that they have increased it to 4k, but that rumor has been around since more than a year ago

This post has been edited by ckwei: Sep 19 2010, 02:49 AM

What u've said is based on paper only, not even black and white... unless u're in the programme itself? =p

whether or not i am in the program is irrelevant. but i do have reliable sources, and i know quite a few people who are in the program.

and so although it sounds discouraging, it's all up to their decision, right? If they don't take the initiative to join just because of a few discouraging sentences, it wouldn't be my fault, and it's their own low self-esteem and confidence which is. I do know a few people in the programme as well, and they have just ended their 1 year training period. So, I'm saying based on what's happening currently, and it's up to their decision on whether to join or not.

Just want to seek some opinions -

1-In the CIMB website it states that fresh graduate with less than 1 year working experience, does it take into account part-time jobs like insurance and such? Hopefully not

2-Are they really strict regarding the 3.3 CGPA? If 3.2 or 3.1 like that they won't make any exceptions?

Feedback is duly appreciated.