Quote:
Originally Posted by from private sector
yes, starting in govt is only good if you are a scholar on the fast-track. i'm 35, and my peers who were scholars are either director in civil service, vice principal in schools or LTC in army. if you are non-scholar and willing to work hard for higher increment, go into private sector. i worked really hard for 10 years in my MNC, and now i'm getting close to $200K.
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the MNC which you are currently working for, is it still your 1st job?
do you jump ship before?
even if for me working in my current company for 10 years, even with outstanding performer 'A', my basic salary at most will hit 6.5k-7k(with 4 promotions inclluded) in 10 years, assuming max annual increment of 5% and max promotion increment of 8%
starting pay since fresh grad = 3k, and if I stay in my company for 10 years just like you and work very hard and get the best performance rating, below is what I would get:
3000 x 1.05^10 x 1.08^4 = 6.6k+/mth
Annual would be not more than = $140000