Salary.sg Forums - View Single Post - 15% pay cut from private sector to teach in Polytechnic
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Old 24-04-2011, 09:18 AM
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[QUOTE=Unregistered;11551]
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Originally Posted by Unregistered View Post

an avg performer (C) gets 1.5 - 2 months for PB, while A graders get 4 - 5 months
but there are only 1 or 2 A-graders for pax scale.

i did calculation on what an a grader would get for 2010/2011

1 month for 13 month
1 month for year end variable
1.6 months for growth bonus
4-5 month for PB.

total 7.6 - 8.6 months...

still less than the 12 months keppel and some banks got this year...
Most people in banks don't get that much bonus. Only front office and sales people may get that much, but risk of getting fired due to various reasons (politics one of them) is very much higher compared to poly staff. Plus, they have pedigree qualifications, speak extremely well and look well too. So you cannot just simply imagine you have a choice of teaching in a poly or working as a hotshot banker / trader. Most likely you don't have a choice but to teach. From what I see, the PAX salaries are already pretty good. If it makes you feel better, I think there are teachers who feel poly lecturers are one up compared to MOE teachers (see a comment from one poster here).
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