Engineering and Technology Careers are Not Valued - Singapore is "High Cost Low Tech"

Hi Business Degree,

I'm not an engineer. I'm a business analyst.
I wonder how much an engineer of my age makes.
5.5k in my opinion is peanuts.
Very disheartening.

If I leave engineering field for banking and finance, do I have to take up relevant degree? Because I do not have the relevant knowledge.. i do take up a couple of relevant subject during my uni life.. Pls advise.

Engineer,

It very much depends on which area of Banking & Finane you want to work in. Its a wide area.

You can bring your engineering degree to work as Engineer but in the Banking & Finance field. You will be able to pick up a lot of Finance knowledge but of course you are still pretty much in the backroom.

Anyway, its still down to the bottonline where you have to decide which area you want to work in and not just blindly go into Banking & Finance. You might get back-fire without knowing your path clearly.

@Low-paid: how many years of experience do you have?

I want to ask you 5 questions: Have you ever tried finding out the market rate? Have you ever gone for interviews with other companies to get a feel? Have you ever networked using LinkedIn to ge

Hi Low pay, are u in banking? 5.5K for a BA? Just want to assess the market rate.

Howcome:

I've done pretty much those except doubting the effectiveness of linkedin. It's more of a social career networking site to showcase your career highlights.

angpai:

I'm not in banking. BA is a pretty broad role and it differs from places to places.

So what is the market rate for BA in your domain? If everybody with experience similar to you is paid 5.5k, then you're not low paid, no?

Hi LowPay, the value of BA is actually project manager cum system analyst with domain knowledge. If your industry is of low margin one such as retail, then 5.5K quite good already.

companies pay their staffers the same compensation, regardless of degree/post, based on seniority, & to maintain equity within the same company. so a 10 year BA will be paid the same as 10 year engineer.

HR manager, I doubt so. You mean if you have programmers with 20 years of experience you'll pay him the same as your (relatively young) CEO, who has 20 years of managing experience?