Private Sector vs Public Sector

Originally Posted by Unregistered

Which bank is this? I work in an investment bank and they pay 4k max for BO fresh grads

A major English one.
Not many around, easy to guess.

Originally Posted by androidguy

Well, I guess he could possibly be earning $7-$8k at MX10 realistically as a high performer, with possibly 5 months bonus in total to have a total annual package of about $120k. I guess for a high performer, this is achieveable. Any civil servants out there can confirm this? Or better still, if u manage to achieve this, can share your experience?

Should I decide to try out for a position in a Stat board, with relevant working experience, will I be able to negotiate for a competitive pay package? From the other thread about civil servant pay, I gathered that there are some people who experienced a paycut just to get a job in civil service. Is this prevalent for people trying to hop from private to public sector. At my age and with my experience, what would my rank realistically be? MX10 or MX11?

Your situation is kind of tricky. They may not give you MX10 which starts from about $6.4k. But you are also quite close to the ceiling of MX11 (about $7k) which you may hit in a few years if you don't get promoted.

Originally Posted by Unregistered

A major English one.
Not many around, easy to guess.

the one that sponsors some major sports league?

Originally Posted by androidguy

Hi all.
From my convo with him, he seems to be earning about $8-10k a month. Is this possible, or is he overstating his pay? Appreciate all comments...

Find out what scheme is your friend in. If IO or AO scheme, then it's possible (esp for latter - probably even more). For other schemes, it's almost impossible.

Originally Posted by Unregistered

Which bank is this? I work in an investment bank and they pay 4k max for BO fresh grads

Took me 7 years working to reach 4K pm.
U fresh grads really having it good.
Thankfully, the company recognised that I am grossly underpaid, they gave me >10% increment for the past 4 years, and only then, I believe I become from "grossly underpaid" to "slightly underpaid".
In order to get out of the "underpaid" category, I need to move on, and I am now waiting to start work at the new place, with a good incremental package.

For those who are stuck in their lowly paid miserable roles, time to get the headhunters working for you (international ones)!