Oil and gas vs Banking

Originally Posted by Unregistered

Our government said it and Straits Times reported it, so it must be true. Are you saying that our government is lying?

Good questioning technique you have.

When asked why ministers need to have super high pay, our greatest politician famously said, and I paraphrase, "do you mean ministers have to be poor?"

Hi all,

There seems to be a wealth of info here. I'm a UK resident and have been doing electronic engineering for the last 5 years. Salary including bonus is just £36.5k (British pounds) which is NOTHING compared to most. I've a friend working for AMEC oil & gas on £45k in his first year. I'm contemplating a move but not until I know the financial FACTS. I can hit £50k or so in this profession if I stay where I am in the UK. However I don't quite know what office-based oil roles would pay - any ideas? I looked at Schlumberger and it seems the first 2 years are INTENSE - 100 hour weeks on a rig in awful weather - they pay seems ok for this role. But when I check out oil & gas engineer salaries on glassdoor.com they come out as around £50k or so - which isn't too different to where I am now?

Something doesn't add up because I keep hearing about the wealth up in Aberdeen. Any help on the numbers greatly appreciated!

The quick and easy way to the world's oil and gas jobs,
w w w . R I G C A R E E R . c o m (://.rigcareer.com)

Gateway to Lucrative career!
The quick and easy way to the world's oil and gas jobs,
w w w . R I G C A R E E R . c o m (://.rigcareer.com)


Hope this helps Topix.com community

Originally Posted by sgengineer

I don't mean selling financial plans/credit cards but more of like front office jobs.. but from what i see it seems like its not easy to jump into front office role from a non financial background..

Also, i am wondering if the Management Associates program at the banks are good compared to the oil and gas industry...

FYI, any piece of **** can get into the FO of a bank to do sales.

Originally Posted by gman

Hi all,

There seems to be a wealth of info here. I'm a UK resident and have been doing electronic engineering for the last 5 years. Salary including bonus is just £36.5k (British pounds) which is NOTHING compared to most. I've a friend working for AMEC oil & gas on £45k in his first year. I'm contemplating a move but not until I know the financial FACTS. I can hit £50k or so in this profession if I stay where I am in the UK. However I don't quite know what office-based oil roles would pay - any ideas? I looked at Schlumberger and it seems the first 2 years are INTENSE - 100 hour weeks on a rig in awful weather - they pay seems ok for this role. But when I check out oil & gas engineer salaries on glassdoor.com they come out as around £50k or so - which isn't too different to where I am now?

Something doesn't add up because I keep hearing about the wealth up in Aberdeen. Any help on the numbers greatly appreciated!

Come to Singapore mate, you will be paid very well. We love to pay high salaries to foreigners. Thank me later.

Originally Posted by Unregistered

FYI, any piece of **** can get into the FO of a bank to do sales.

i seconded to that

Originally Posted by Unregistered

To join EM is not easy, the candidate would definitely be above average, outstanding even amongst his peers at university. In EM, due to a presumably stringent selection process, everyone is above average as compared to other companies regardless of job scope. Then it is even more difficult to be a top performer.

-For such an excellent person (top performer out of a whole company of above-average persons), paying him 150k/annum after TEN years is low. In another more lucrative sector, he would be making much more, 150k/annum after only a few years.

- Consider the average person in EM, who would be above-average in another less competitive company. He only gets 100k/annum after ten years. I say this is also low.

- Considering that EM is a very profitable company, they don't pay their people as well as I would have expected.

<< Hence, if one is doing well in the company (consistency performing well in the top tier), he/she will be able to hit ~10k/month or ~150k/annum salary after 10 years of service. On the other hand, the average performer will be able to hit around 7k/month or ~100k/annum salary after 10 years of service.>>

Just completed 9th year in EM with total annual package of slightly over $200k.

Originally Posted by Unregistered

FYI, any piece of **** can get into the FO of a bank to do sales.

Retail banking sales and front office are very different things

Originally Posted by Unregistered

Just completed 9th year in EM with total annual package of slightly over $200k.

Win you. $300k for me

Originally Posted by Unregistered

Win you. $300k for me

Already making that off my passive income. Intending to use my salary to pay off the 2 cars that will be delivered sometime this week after getting COE last week. I don't know how my boss will feel when I come to work after the National Day long weekend with a bigger car than his. I may have to park lower down in the basement carpark to avoid awkward situations.