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Old 14-10-2011, 12:36 PM
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Quote:
Originally Posted by Macroguy View Post
My salary progression. 2nd Lower Honours, NTU Engineering

1998 Civil Service S$2791
1999 Civil Service S$2980
2000 Civil Service S$3300 -> Emplaced to 2nd Upper Honours Track due to good perf
2001 Civil Service S$4275 -> Promoted
2002 Quit Civil Service to trade stocks at home to create track record: Negative S$1000 on average
2003 Traded financial futures at home: +S$2500 per month on average
2004 Traded financial futures at home: +S$4000 per month on average
2005 Hired by local Hedge Fund as their proprietary trader S$3800pm + $20k performance bonus
2006 As in 2005: S$5600 pm + S$88k bonus
2007 Joined global asset management firm as balanced funds fund manager: S$10k per month + S$70k bonus
2008 Joined another global firm: S$15k per month + $50k bonus
2009 As above S$16k per month + bonus similar to above
2010 As above S$17k per month + same bonus --> promoted to SVP
2011 As above S$18k per month + same bonus
2012 - Planning to start my own hedge fund with my very modest capital. Hope to grow it.

Thankful for a supportive wife who has been bearing with me since 2002.
How come a SVP in a global fund management company (frontline somemore) only $18k p.m. and $50k bonus? Pathetic $1k increment for promotion to SVP!?!?

You sure you know the rates or just randomly humtum based on hearsay. Even a local bank or some Tier2/3 foreign bank SVP also > $22k p.m. liao.

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