Job Opportunities at Safe Investment Pvt Ltd

Safe Investment Pvt Ltd

Job Vacancy

Job Title:

1. Marketing Manager
2. Recruitment Manager
3. Receptionist (Mrf2500.00)

Qualification:
GCE O/A Level standard/preferably certified in related field
Requirements: 1 or 2 years working experience. Priority will be given for those who are working in the same field.

Salary: Mrf5000.00
Attendance & Food allowance will be provided

Interested applicants please your resume to:
Safe Investment Pvt Ltd or
Send your resume by email or call us to fix an interview
Email: safe@rol.net.mv
Tel: 3346621

Welcome to Maldives

Investment Banking Salaries: Just How High Are They?

Just how much do investment bankers actually earn? Most of the people who want to break into investment banking have no idea how much money is really involved.

Sure, the Managing Directors and other senior people make several million a year on average; group heads can make $10 million or more. And the CEO of an investment bank can make upwards of $20 million, with Goldman Sachs CEO Lloyd Blankfein making over $70 million in 2007.

But what does an entry-level investment banker - an investment banking analyst - actually make? Making six figures as a 23-year old just out of college is nice, but if you have to work 120 hours per week, you can't possibly be making that much per hour, right?

I honestly didn't know, so I had to investigate this and do some math myself. Could you actually make more working at McDonald's than you could at Goldman Sachs, at least on an hourly basis?

For investment banking analysts, the best case scenario ever happened in 2007. Base salaries were $60,000 and bonuses were $90,000, for a total of $150,000 in compensation. Again, not bad for a 23-year old's first "real-world job."

But what about the hours? Typically, entry-level bankers work around 90-100 hours per week in their first year. This could be off by a bit, but we'll go with it for now.

With 52 weeks of work per year (nope, no vacation) and 90 hours per week, you would have earned $32.05 per hour in the 2006-2007 year. If you had worked 100 hours, that would have dropped to $28.85.

Even if you had worked 140 hours a week, every week, you would still be at $20.60 per hour. And realistically it's impossible to work that much consistently, so you could have only done better than that.

But times have not always been that good. After the Nasdaq crash and at the start of the last major recession, investment banking took a turn for the worst and bonuses disappeared.

In 2001-2002, Analysts were lucky to get $10,000 for their bonuses. They still worked a lot, but mostly on marketing and pitching clients rather than doing deals and bringing in revenue.

A $10,000 bonus and $60,000 salary means $14.96 per hour at 90 hours a week. Believe it or not, that's still above McDonald's wages and is actually not even that bad relative to a lot of jobs in the US.

But if you had worked 140 hours per week, consistently, back then? You would have made 9.62 per hour.

According to a Wiki Answers page on McDonald's, the wage is $9.30/hour for those under 17 and $9.57/hour after "4 months of training."

This is a very low wage, and it looks like even in the worst possible years of investment banking, hourly analyst wages never dropped this low.

Actually, the above is not strictly true. What if you earned $0 for the bonus and only made the base salary of $60,000 while working 140 hours each week?

That would be $8.24 per hour. Finally: below McDonald's wages. So theoretically it is possible to earn less than a McDonald's worker as an investment banking analyst, though not terribly likely.

It could only happen if you worked a ridiculous amount in the very worst years of investment banking and got absolutely nothing for your bonus.

Even with a looming US recession, this scenario seems unlikely to return anytime soon. So your hourly wages as an investment banking analyst should be safe.


About the Author
Ian Spellfield, a former investment banker, advises students and young professionals on understanding investment banking and how to earn high investment banking salaries.

Article of the Week: Interview Preparation Advice

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It is normal to feel nervous before an important interview, but with the right preparation and mindset you can minimize such pre-interview jitters. It is expected by the interviewer that you do express some form of interest to work for the organization by having some basic information firmly etched in your mind. It is flattering if you can show some form of interest for the organization by having the right information ready whenever a question arises. Be prepared because obviously, interviewers will favor those who come prepared.

Get online and access the organization's website because there is plenty you can learn from those pages. Even if you are pretty sure at the job interview you are not going to be quizzed on how the company came to be formed, it will give you insight into how the company operates and their philosophy. Listen carefully to the questions they give you as these are an indication of what they are looking for and these factors should influence how you answer your questions. If they value team players, then brainstorm all the times when you have clearly exhibited this trait and share it with them.

It is important to know about the products and services of the company if you are interested in a sales position. It will create a very good impression that you have taken the time and effort to do some research on the company, it might score some additional points for you. You can ask nay questions about the position you are applying for. Rather then being offensive, it actually lets the interviewer see the seriousness you have for the job and the desire to be a part of the organization.

Why not try a practice session with a family member or friend? Get them to ask question that are common during interviews. There are several typical questions that are common in job interviews and practice makes them easy for you to answer. It is expected that the interviewers will ask for previous work experience which shows you as having the trait they are looking for. This is the question that will determine the outcome of the interview.

Author: IanBennet

Job Openings at Maldives National Shipping Ltd

Job Vacancy

MNSL is looking for qualified and experienced Maldivians to join the team

Job Title: Accounts Officer Trainee
Qualifications: O Level, CAT or AAT equivalent will be an added advantage
Requirements: Enthusiastic, willing to work long hours, Excellent communication skills, Good knowledge of Microsoft applications
Salary: Negotiable
Benefits: Medical Insurance, Ramazan Allowance, Provident Fund

Job Title: Equipment Control Officer Trainee
Qualifications: O’ Level
Requirements: Enthusiastic, Willing to long hours within and outside office, Excellent communication skills, Computer literate
Salary: Negotiable
Benefits: Medical Insurance, Ramazan Allowance, Provident Fund

Interested candidates please send their application complete with full resume on or before 15th January 2009, addressed to

The HR & Personnel Department
Maldives National Shipping Ltd
Ship Plaza, 2nd Floor
Orchid Magu, Male’
Tel: 3323871, Fax: 3324323