In ibanking your starting pay is 10k and 8-12 months bonus, no need wait simi 10% increment per year.

Otherwise 10k is par for the course for other degree holders by 30s/early twenties.

After all if your ministers and their pet generals are already making millions in their forties/fifties, surely you can do better than someone who ran SMRT into the ground both literally and figuratively speaking?