Quote:
Originally Posted by LeGozt
Hi all,
I'm looking for opinions on my current situation.
I'm 32 this year with 5.5 years of working experience.
My current role is a quality engineer in a medical device MNC manufacturing pacemakers, and my current monthly salary is S$4,400 with 15% VB and 1 month AWS.
I got a job offer from a competitor MNC for a senior quality engineer role, and the monthly salary is S$6,750 with 2 month bonus and 1 month AWS. The $ increase in salary is around 50% which I understand is relatively large, however the caveat is that this is a 3 year contract position. Pretty unusual from my understanding to have a contract this long, as most contracts are 6 months to 1 year, but nonetheless it is still a contract position with no guarantee that it will be extended.
What do you all think? |
I believe your competitor has won some contract or forecast a business opportunity for the next 3 years that need more expertise in the area you fulfill.
I am sure your competitor recognizes the value you have been creating and the potential value you will create for them. The sudden surge in wage is to compensate the need for your sacrifice to take on a contract role. Contract roles in MNC normally pay better than permanent roles due to the uncertainty and expiry. As a contract senior quality engineer, making around 6k+ a month is rather normal. If you check statistics on Glassdoor, MNC senior quality engineers are slightly higher than 6K/mth averagely. So having 6.7K in the medical sector is reasonable considering your impact and challenges of your 'expire-able' employment.
I second the opinion from the other member that you should go for it because...
1. You are only 32 now so at the end of the contract, you will be 35 but even if you don't get an extension, you will still be
'young' enough to find another job relatively easily. Take a little bit of pay cut, you will still be reasonably compensated.
2. Employed in a competing MNC in the medical sector makes you
remain desirable for re-hiring given the exposure and MNC mindset which many SMEs find valuable (If you unfortunately have to leave at the end of the 3 years) But I am sure you can find employment in another MNC provided the situation does not crash like Lehmans and COVID
3. 3 months before your contract ends, you can do an evaluation of your employment extension prospects and decide if you should prepare for an exit.
Ample time to find new jobs with good planning. No one knows what is going to happen 3 years from now. But you can be sure that with your experience in the medical sector, you can continue to stay sought after.
4. Although I am not quality trained, I deal with a lot of quality engineers and some of those who are good, leave the MNC and
start practicing as consultants, switch to 3rd party auditing to stay relevant and employed. An extra option you can consider if you are not extending. If opportunities don't favour your continuation as a Quality engineer, being in the quality engineer role, you can convert to project management roles by starting with a PMP certificate. Your experience and knowledge of the industry can give you a chance against competitors. Keep up with the ASQ CQE certification, Lean Six Sigma training if you can, get those lead auditors certifications of various standards and stay competitive during the next 3 years
Lastly, congratulations! I wish you the best in your future.