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CIMB Management Trainee
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markfrancis
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 Apr 25 2011, 12:39 PM
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New Member
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Hi guys. I might be getting an offer for CIMB internship but im holding an offer from a private equity advisory/capital placement firm in london. The firm in London is quite small though. With CIMB, they havent told me which department i am going to join although they asked me my preference. I just hope i dont get placed with Commercial Banking. I just kinda handed in my CV when they were down in London. I didnt do any numerical or assessments.
Anyone care to advice on whether CIMB IB internship is worth it? What is their pay like? or should i rather go for the private equity advisory firm?
3k starting salary is quite less considering other countries dont u think? I mean everyone is talking about brain drain and here we are missing the main point.
But then again its the MT programme. Anyone know about salaris in IB after MT at CIMB?
I just want to find out whether the internship really allows us to learn stuff and contribute to live transactions and deals(i believe we should be give the opportunity). Or is the internship just the 'get my coffee photostat print' sort of thing?
To the guy who said HSBC is better because of the name, i beg to differ. I think if u wanna get into IB experience counts more than just name. I mean if you are a HSBC commercial banker and say u wanna get into CITIGROUP IB, another guy from CIMB IB is also competing with u. guess who is gonna be favoured more. obviously the guy from CIMB. Simply put. the guy from IB knows his stuff. DCFs and LBOs.. Pitchbooking thru the night. That counts more.. Just my two cents worth..
cheers
This post has been edited by markfrancis: Apr 25 2011, 03:53 PM
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markfrancis
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Apr 26 2011, 05:16 AM
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QUOTE(Winehouse @ Apr 25 2011, 11:10 AM) it depends actually what do you want to do with your life , when i left blackstone in london by the way! to come back for good because of family reasons i was lucky because i was offered manager position for just 4 years of experienced of working in london but i must admit working in blackstone was so much fun and people in london is like you're playing football in premier league and suddenly go back to 3rd division you have to be prepared for that culture shockness especially if you're used to rough and edges of vibe in london it can be pretty slow here in KL , i was born in london speaking with west london accent it can be a little bit of both good and bad it's hard to describe CIMB is fine company but it ain't goldman or JP or even blackstone salary,compensation,exposure etc i could go on forever . Nice. What were the recent deals u worked on in Blackstone? I'd like to know!  U must be oxford cambridge lse sort of graduate i am guessing. cz blackstone is rather exclusive. Thanks for the info anyway. By manager position what do u mean? Is it equal to VP Level? cz in any other investment bank it takes around a good 5-6 years to rise to vp level after starting as a freshie. If u've worked for 4 years in BLACKSTONE I am pretty sure u should be offered vp position right away in KL mate.. I do know of many bankers who rose to vp level with a pay of 20k or slightly lesser per month. |
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markfrancis
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Apr 27 2011, 05:59 PM
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New Member
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QUOTE(Winehouse @ Apr 26 2011, 02:25 PM) ahaha it's hard to say what kind of deal i did but because the nature of working in private equity with not many people really create environment where you have to adapt to all different kind of scenario so it's a little bit of everything, i actually graduated from UCL some years ago haha yeap i'm very fortunate to be given managerial position it's just slightly below VP infact i have to report directly to VP but i declined the position after couple months it was hard to fit in to big bank culture in KL it's way way different than in london or wall street , they offered me 12 k actually as basic but now i'm in another mid tier private equity hopefully to become partner in 2-3 years which much much better working in big bank in KL , like i said you have to know what do you want to do kl is not as bad but it can make scratch your head a lot of times so good luck . Lol.. I would think that blackstone working culture was rather tough. Wall street and london working culture is way way tougher compared to working culture in malaysia mate. Why is it hard to fit in?  haha oh and i meant wat were the recent deals as in wat projects or rather transactions. e.g buyouts.. floatation.. did u work on.. |
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