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Colleges That Bring the Highest Paycheck 2011
savant
#1 Posted : Wednesday, July 27, 2011 11:20:28 AM
Rank: Member


Joined: 4/1/2008
Posts: 104
Location: Nairobi

http://finance.yahoo.com...g-highest-paycheck-cnbc

Anyone with an idea of how much a Kenyan graduate from our top 5's starting salary would be? i.e.....

1. UoN
2. Strathmore
3. JKUAT
4. Moi
5. Egerton
Généralement, les gens qui savant peu parlent becoup, et les gens qui savant beaucoup parlent peu.
- Rousseau.
maka
#2 Posted : Wednesday, July 27, 2011 12:05:30 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
I dont think the American system works in Kenya all that I can say is maybe some universities are more attractive to the one employing but the pay will generally be pegged on experience...
possunt quia posse videntur
mozenrat
#3 Posted : Wednesday, July 27, 2011 1:34:43 PM
Rank: Veteran


Joined: 5/18/2008
Posts: 796
I think first employer is a better indicator of future Salaries in KE especially if you get to work with McKinsey.. Like the TCL CEO or the Dalberg CEO. I hear one Kenyan ex-McKinsey is now a VP at JP Morgan Chase.
savant
#4 Posted : Wednesday, July 27, 2011 1:57:24 PM
Rank: Member


Joined: 4/1/2008
Posts: 104
Location: Nairobi
maka, mozenrat well noted.

My argument would then be this....if our Kenyan universities can get their act right (especially the public ones) by cutting down on the theory and incorporating actual field experience for their students à la the Harvard model.

Then they could be in a real position to offer value to employers. The graduates would then be able to demand rather than comply to a level of pay.

Généralement, les gens qui savant peu parlent becoup, et les gens qui savant beaucoup parlent peu.
- Rousseau.
maka
#5 Posted : Wednesday, August 10, 2011 11:46:18 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
@ Savant i totally agree with you saw a documentary on CNBC about the Harvard MBA class trust me what is taught here is way off what is required in real life.In Harvard they produce well rounded individuals in Kenya its just another case...
possunt quia posse videntur
jasonhill
#6 Posted : Saturday, September 03, 2011 1:37:59 AM
Rank: Member


Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
mozenrat wrote:
I think first employer is a better indicator of future Salaries in KE especially if you get to work with McKinsey.. Like the TCL CEO or the Dalberg CEO. I hear one Kenyan ex-McKinsey is now a VP at JP Morgan Chase.


There's more than one Kenyan VP at JP Morgan.

The name of the school on your degree doesn't mean much AT ALL in my personal experience. It certainly doesn't mean that you are or are not well-rounded or ready for the real world. This even goes for Harvard. I've worked with Harvard MBAs. Some are capable, some are not. Many more factors go into someone's capability other than the parchment. Then again, I think that it does seem to be a big consideration in Kenya and the rest of EA, and even in the rest of Africa and the Middle East, so, plan accordingly.

An Ivy League or Red Brick school is a good conversation piece, but guarantees nothing at all. I don't even feel that it's all that impressive on a resume, at least in the US.

More important is that you are tenacious, confident (but not cocky) smart, level-headed, and realistic, and have some sort of experience, even if it was unpaid. Also have good references- professional well-spoken people that will vouch for you. Dress well- tailored and kempt. Groom well. Have pleasant odor and breath.

If you want to get into Financial Services, KNOW every financial term and what it means from memory, and go ahead and get your series 7 and 65 immediately if in the US.

Ultimately important, and I say this from years of Fortune 500 management experience:

ARRIVE EARLY. BE EXCITED. BE PREPARED. And always listen carefully and answer slowly.

Once you get the job, listen, follow-through, and follow-up. Communicate clearly and regularly. Use spelling and grammar check. If you don't know something, Google it and ask someone. Get three or four answers and decide on the best one. Work hard and work late. Eat well, relax well, and stay in shape- you'll need the energy and stress-management coping skills.

But most importantly, it's who you know, so start forging those relationships (and have good, positive or funny stories to tell) as soon as right now.

As far as pay, LOL, that's all about the deal you strike when you are hired, and if it is a commission-based job, how hard you work. Salary really has nothing to with qualifications or what school you went to. It's all about what you are willing to take, the range of what a company is willing to pay, and what you claim to have been making before. If they want you, they will pay. Look at a salary survey, and pick a number close to the top range, but not AT the top range. You'd be shocked to know the difference in pay for people in the very same positions in the very same company just because someone dared to ask and negotiate. But don't obsess; if you find out someone else is being paid more, don't get mad, negotiate better next time. And remember, compensation isn't all about pay; One guy I hired wanted to know for a fact that he could take a whole month off every year to go "home", which was sixteen hours away by plane. I said:

"What's that worth to you?"

He said "10 percent of my base".

I said, "Okay, DONE. Welcome to the team. Have all your work delegated before you leave, and you'll be working your hindquarters off when you get back.

That's it. That's all.

Best,

Hill
Drunkard
#7 Posted : Thursday, September 08, 2011 10:52:15 PM
Rank: User


Joined: 5/3/2011
Posts: 559
jasonhill wrote:
mozenrat wrote:
I think first employer is a better indicator of future Salaries in KE especially if you get to work with McKinsey.. Like the TCL CEO or the Dalberg CEO. I hear one Kenyan ex-McKinsey is now a VP at JP Morgan Chase.


There's more than one Kenyan VP at JP Morgan.

The name of the school on your degree doesn't mean much AT ALL in my personal experience. It certainly doesn't mean that you are or are not well-rounded or ready for the real world. This even goes for Harvard. I've worked with Harvard MBAs. Some are capable, some are not. Many more factors go into someone's capability other than the parchment. Then again, I think that it does seem to be a big consideration in Kenya and the rest of EA, and even in the rest of Africa and the Middle East, so, plan accordingly.

An Ivy League or Red Brick school is a good conversation piece, but guarantees nothing at all. I don't even feel that it's all that impressive on a resume, at least in the US.

More important is that you are tenacious, confident (but not cocky) smart, level-headed, and realistic, and have some sort of experience, even if it was unpaid. Also have good references- professional well-spoken people that will vouch for you. Dress well- tailored and kempt. Groom well. Have pleasant odor and breath.

If you want to get into Financial Services, KNOW every financial term and what it means from memory, and go ahead and get your series 7 and 65 immediately if in the US.

Ultimately important, and I say this from years of Fortune 500 management experience:

ARRIVE EARLY. BE EXCITED. BE PREPARED. And always listen carefully and answer slowly.

Once you get the job, listen, follow-through, and follow-up. Communicate clearly and regularly. Use spelling and grammar check. If you don't know something, Google it and ask someone. Get three or four answers and decide on the best one. Work hard and work late. Eat well, relax well, and stay in shape- you'll need the energy and stress-management coping skills.

But most importantly, it's who you know, so start forging those relationships (and have good, positive or funny stories to tell) as soon as right now.

As far as pay, LOL, that's all about the deal you strike when you are hired, and if it is a commission-based job, how hard you work. Salary really has nothing to with qualifications or what school you went to. It's all about what you are willing to take, the range of what a company is willing to pay, and what you claim to have been making before. If they want you, they will pay. Look at a salary survey, and pick a number close to the top range, but not AT the top range. You'd be shocked to know the difference in pay for people in the very same positions in the very same company just because someone dared to ask and negotiate. But don't obsess; if you find out someone else is being paid more, don't get mad, negotiate better next time. And remember, compensation isn't all about pay; One guy I hired wanted to know for a fact that he could take a whole month off every year to go "home", which was sixteen hours away by plane. I said:

"What's that worth to you?"

He said "10 percent of my base".

I said, "Okay, DONE. Welcome to the team. Have all your work delegated before you leave, and you'll be working your hindquarters off when you get back.

That's it. That's all.

Best,

Hill



I read this and I can't help but laugh- stuff to learn from, I know you have alot of "Management" in "fortune 500".... I like the this part" One guy I hired wanted to know for a fact that he could take a whole month off every year to go "home", which was sixteen hours away by plane. I said:

"What's that worth to you?"

He said "10 percent of my base".

I said, "Okay, DONE. Welcome to the team. Have all your work delegated before you leave, and you'll be working your hindquarters off when you get back.

That's it. That's all.

Best,

Hill[/quote]


First did you say that company don't give enough vacation days to make one month trip? and did you say the hiring manager decides how many vacation days to give you? Wrong... Across all major companies vacation is set by corporate, it is equal across the company based on the job group and time of service, it is like cell phones, corporate set the job group level that they'll start footing the cellphone bills, you cannot negotiate that. Well I thought I'd impress you into giving me a job in your company mr former VP at JP, but I can see you won't be impress since well I got my undegra and Masters from Stanford but if I have to negotiate to get one month my off then I am not interested since my first job was offering 25 business days vacation every year, which I never even finished, that is a little over 5 weeks if you add weekends! I didn't negotiate it that was the standard allocation for the job group.

Nevertheless, I like your imaginative nature, you can actually pass to be an hiring manager, but you have to learn some basic stuff and don't diminish good degree program, it is my pleasure to invite you to either columbia african economic forum or Stanford african business forum, they're both held in spring, good place to meet and shake hands with Africans who have actually walk the talk and while you're there please ask anyone you shake hands with where they work and where they went to school!



Nabwire
#8 Posted : Thursday, September 08, 2011 11:31:21 PM
Rank: Veteran


Joined: 7/22/2011
Posts: 1,325

but I can see you won't be impress since well I got my undegra and Masters from Stanford

Drunkard, you did your undergrad and masters at Stanford!!!! Applause Applause Applause
How come you didnt diversify? You could have easily packed and gone to the East coast to any Ivy League. Were you on a student visa? How did you finance your education? Please reply smile
Drunkard
#9 Posted : Friday, September 09, 2011 12:00:16 AM
Rank: User


Joined: 5/3/2011
Posts: 559
.. Stanford is ranked in top 5 so didn't have a problem staying there, I wasn't a student visa holder, I don't have any loans and I wasn't rich either. I know atleast 20 Kenyans Ivy leage student visa holders they had free ride through college via a program run by John Manner, it is called Kensep, maybe you wanna check it out. but one thing I can tell you is once you get in, you're set.
Nabwire
#10 Posted : Friday, September 09, 2011 12:37:32 AM
Rank: Veteran


Joined: 7/22/2011
Posts: 1,325
Drunkard congrats, are you even a drunkard in real life? Thats a big achievement. Thanks I will check out Kensep.
Drunkard
#11 Posted : Friday, September 09, 2011 12:46:38 AM
Rank: User


Joined: 5/3/2011
Posts: 559
I would rather call myself drunkard than to call myself Mark David and I am a kenya, some of us here claim they're Americans and yet they contradict themselve by been honest on their post of their nationality.
jasonhill
#12 Posted : Friday, September 09, 2011 12:49:34 AM
Rank: Member


Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
@drunkard You simply have no idea what you are talking about. The standard vacation package at JP is two weeks- 10 business days, 20 business days for anyone with an officer-level title. What the person wanted to know is if he could get a guarantee that he could take the time off all at once, which is up to the discretion of your hiring manager. Two weeks straight are required for those with 4 weeks off for anti-fraud/anti-embezzlement purposes. IT IS NOT AT ALL EQUAL ACROSS THE COMPANY, and you can buy an additional week if you like, using your own money. You will gain an extra week after about 17 years of service. Buying the extra week allows one to have more "breathing room" as far as being able to take more time at once, and, if you take a lower salary up front, gives me more money to hire a consultant in your absence.

As far as cell phones, it's all about whether there is a business justification for you to have one, what percentage of time you need to communicate remotely, and if your departmental, then line-of-business budget allows for it. Even if it doesn't, you can expense cell phone calls and data if you can show proof that it was for business use.

PASS as a hiring manager? I AM a hiring manager. Are you?

If you are a Stanford alum, then you are simply reiterating my point that an Ivy League education is not at all worth it unless you can pay for it with no problem, hence you as a prime example. Especially with your atrocious grammar. What secondary did you even go to? And promising Kenyans that "once they get in, all will be just fine" flies in the face of the reality that thousands of Kenyans in the diaspora face everyday, struggling to pay university tuition, working odd jobs and going without food sometimes, of which you are recommending them to go to schools with the highest.

Please give the contact information for your "magic man" that will cover every Kenyans tuition once they just get in. What a joke.

Best,

Hill
Drunkard
#13 Posted : Friday, September 09, 2011 1:31:20 AM
Rank: User


Joined: 5/3/2011
Posts: 559
[quote=jasonhill]@drunkard You simply have no idea what you are talking about. The standard vacation package at JP is two weeks- 10 business days, 20 business days for anyone with an officer-level title. What the person wanted to know is if he could get a guarantee that he could take the time off all at once, which is up to the discretion of your hiring manager. Two weeks straight are required for those with 4 weeks off for anti-fraud/anti-embezzlement purposes. IT IS NOT AT ALL EQUAL ACROSS THE COMPANY, and you can buy an additional week if you like, using your own money. You will gain an extra week after about 17 years of service. Buying the extra week allows one to have more "breathing room" as far as being able to take more time at once, and, if you take a lower salary up front, gives me more money to hire a consultant in your absence.


Drunkard
#14 Posted : Friday, September 09, 2011 1:41:31 AM
Rank: User


Joined: 5/3/2011
Posts: 559
how can I attach a JP morgan new hire orientation package to prove it to everyone that you're all talk but no action, you've never even been to JP office
Drunkard
#15 Posted : Friday, September 09, 2011 1:42:45 AM
Rank: User


Joined: 5/3/2011
Posts: 559
http://newhire.jpmorganc...NewHireBook_12_2010.pdf

Hello... here is the official 2010 JP orientation package, look shame on you mr Hill, how can a manager not know that! look, 4 weeks for non-exempt look at page 12 do I need to explain anything? I have known all along that you're a typical wannabe, do you want me to explain what non-exempt is, mr VP JP morgan, at best I think you're in a group home thats is where people get atleast 10 days vacation,hahahahhaha pant on the ground looking like a fool! Yea my english is bad and I admit that, but Oooh! yea this is big, I am a Kenyan, I have been in America for a very long time but I won't change my name to Jason Hill just to make other think I am all that, I can speak English better than you, I can speak my local language just as good as any other Kenyan too, I bet you're going to pretend that you can't even speak swahili!


savant
#16 Posted : Friday, September 09, 2011 1:58:39 AM
Rank: Member


Joined: 4/1/2008
Posts: 104
Location: Nairobi
wow. it's gloves off! (wazua admin should introduce a smiley with boxing gloves for conversations that get as heated as this)

Généralement, les gens qui savant peu parlent becoup, et les gens qui savant beaucoup parlent peu.
- Rousseau.
jasonhill
#17 Posted : Friday, September 09, 2011 2:02:48 AM
Rank: Member


Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
@drunkard, read it again, carefully this time. The guide says JUST what I told you. It's two weeks/four weeks, not 25 days like you were talking about unless you are a high executive (or purchase an extra week).

What recent college grad walks in as an SVP or MD executive with 5 weeks vacation? None.

You also get 5 weeks after 25 years... it was 17 years when I was there- belt tightening.

Wow. I can't believe that you post a link PROVING what I said, and then jump back and act like I didn't say it!

By the way, in case you didn't know, Mr Banking experience, OBVIOUSLY all officer titled positions are exempt/salaried. And did you not see where it says that you must get your manager's approval to use your vacation time?

MDs are out of scope for this... high executives.

You need to read the policy AGAIN. Do you not understand that there are 5 business days in a week, therefore, two weeks = 10 days, four weeks = 20 days?

And in case you don't know how banking works, officer titles work like this:

TO - Technical Officer
AVP - Assistant Vice President
VP - Vice President
FVP - First Vice President
SVP - Senior Vice President
MD - Managing Director
EVP - Executive Vice President
C-level - CIO, CSO, CAO, CFO, etc.
CEO

And they are ALL exempt.

Non-officers are usually hourly, and get two weeks vacation, just like I said.

If you don't think I was at JP, you can kindly go to my LinkedIn page, where there are many recommendations from JP alumni.

KenyanLyrics knows where to find it ;)

And since I use my REAL NAME, not something like "DRUNKARD", I'm easy to find, not hiding behind a virtual wall.

Why don't you just come clean? You really seem to be into banking; why don't you take some pointers from me, and we can help get you into a position?

Best,

Hill
Drunkard
#18 Posted : Friday, September 09, 2011 3:14:45 AM
Rank: User


Joined: 5/3/2011
Posts: 559
Mr Hill, I don't know what you're talking about, the orientation package is so clear, I don't need to explain anything, 0-4 yrs get 4 weeks vacation for exampt employees, what else I need to explain, like I said when I started fresh from college, I had just about the same, 24 days for my first year since I started just in the middle of January and when they say 5 weeks, it is actual 25 business days,I didn't work for JP but another financial institution, all the competing companies have almost identical packages, with even 20 days vacation, no one will sign up to work for you, I am a young guy, I am not yet 30yrs but I have just over 5 yrs experience and I can tell a wannabe and I think everyone here can tell you're just some guy in a nursing home but happen to have been to school and can write and is dillusional

Yes, I don't have to prove my qualifications, you're the one who said you're a former JP vice president, you're the one who said you've been giving unpaid internship to ivy leage student, what a joke! who will accept unpaid internship? You're the one who said you negotiate vacation day when the guideline is clear that the vacation is dictated by corporate, you're the one who said you tell people," you're hired welcome to the team," when those of us who have been through actual hiring process knows that the recruiter calls you and inform you that the hiring manager would like to offer you a job. All these shows me that you've never really hold a real job leave alone hire anyone, we're not stupid here.

Mr Hill, there are so many people out there with fake linkedin we all know that. if you worked for JP contractor make God know what to supply JP, don't come here saying that you worked for JP again for those new to this here is the link please someone help me understand what I can't read as Hill said

http://newhire.jpmorganc...NewHireBook_12_2010.pdf

jasonhill
#19 Posted : Friday, September 09, 2011 4:03:43 AM
Rank: Member


Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
Drunkard wrote:
Mr Hill, I don't know what you're talking about, the orientation package is so clear, I don't need to explain anything, 0-4 yrs get 4 weeks vacation for exampt employees, what else I need to explain, like I said when I started fresh from college, I had just about the same, 24 days for my first year since I started just in the middle of January and when they say 5 weeks, it is actual 25 business days,I didn't work for JP but another financial institution, all the competing companies have almost identical packages, with even 20 days vacation, no one will sign up to work for you, I am a young guy, I am not yet 30yrs but I have just over 5 yrs experience and I can tell a wannabe and I think everyone here can tell you're just some guy in a nursing home but happen to have been to school and can write and is dillusional

Yes, I don't have to prove my qualifications, you're the one who said you're a former JP vice president, you're the one who said you've been giving unpaid internship to ivy leage student, what a joke! who will accept unpaid internship? You're the one who said you negotiate vacation day when the guideline is clear that the vacation is dictated by corporate, you're the one who said you tell people," you're hired welcome to the team," when those of us who have been through actual hiring process knows that the recruiter calls you and inform you that the hiring manager would like to offer you a job. All these shows me that you've never really hold a real job leave alone hire anyone, we're not stupid here.

Mr Hill, there are so many people out there with fake linkedin we all know that. if you worked for JP contractor make God know what to supply JP, don't come here saying that you worked for JP again for those new to this here is the link please someone help me understand what I can't read as Hill said

http://newhire.jpmorganc...NewHireBook_12_2010.pdf



Example of an unpaid internship at JP:

http://www.facebook.com/...te_id=10150144194721548

That said, I'm done debating it with you, though it has been enjoyable and enlightening. Poor, poor Stanford.

Best,

Hill
Querry
#20 Posted : Friday, September 09, 2011 8:08:15 AM
Rank: Member


Joined: 1/22/2011
Posts: 193
Location: nairobi
savant wrote:

http://finance.yahoo.com...g-highest-paycheck-cnbc

Anyone with an idea of how much a Kenyan graduate from our top 5's starting salary would be? i.e.....

1. UoN
2. Strathmore
3. JKUAT
4. Moi
5. Egerton


This is Kenya not AMERICA!

once you graduate, you have to hustle your way to a good company to get a good starting salary.
The university you went to doesnt really matter...

Thats from a Kenyan in Kenya.
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