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Old 30-05-2011, 11:43 PM
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Default its reality... take it as you will

Originally Posted by Unregistered View Post
I notice every time the word "bank" get thrown out, there will be a wave of "experts" all claiming to be from the banking sector dishing out advice on pay and bonus one after another. I always think if banks can really offer out of the world salary to so many, then why anyone bother to work in the other 99% non-bank companies?

I duno man, all the friends I know who work in banks dun seem to have the pay that anonymous people online always say they have. Either all the bank people I know are all bottom losers who cannot command all this fancy money or there is a lot of loose big cannon fairies here.
Well, reality is, I have been on both sides of the fence.

I've been the engineer racking my brains as to how I am ever going to hit S$4k with my $50-100 annual increments.

And I've been the intern that was shocked at the intern pay - I was hoping for an intern pay of S$4k per month and quite disappointed to see that it was only S$1,200 per month...
Until I looked more closely to see that it was actually S$12,000 per month as a MBA intern.

So that's the reality. And I wish I knew that reality earlier.

Hence, all I do here is to provide information that I wish I knew many years ago, to help me decide on that is the right industry or sector to go into. Not only starting pay (which can easily be verified if you check with NUS, NTU or SMU career services), but also the likely pay 6 to 8 years down the road (the salary ranges can be easily verified if you talk to any VP in corporate banking or ibanking).

Take it as you will - whether as gospel or with a barrel of salt, that's your choice. But it is reality as I have known it, and I hope that it benefits some folks in making their career decisions.
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