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Old 11-02-2012, 10:48 PM
Bean Bean is offline
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Quote:
Originally Posted by Unregistered View Post
thank you guys.
how about as a naval officer? can i land a job in PSA or keppel? or can ME4 get into those as well?
Also, with the experiences gain in navy as a ME4, how is the pay difference if i were to stay in the navy compare to being a engineer in ST marine? will it be a big paycut and how many years would i have to stay on to get back to what i get in the navy?
I still think that as engineer as ME4, the skill are more transferable to the private sector.

If you jump ship from ME4 to Engineer in ST marine, please prepared for MAJOR pay cut!!

Assume this scenario:
Male with NS
1st class honours NTU engineering
Assume both "average performer"

Mr A join ME4:
-Starting pay (ME4 Trainee): $3570- $4760 (Graduate)
-Additional allowance: Shipboard: $200 - $300

so 1st class will get 4760+300 = 5060 (trainee)
if pass out from OCS, I assume give you 300 more
>>5060 basic + 300 allowance = 5360

After 6 years in navy, he will more probably to be ME5(aka MAJOR rank) with last drawn pay between 6.5k to 7k

assume annual salary = 16 month(could be more) = 16 x 7000 = 112000/year

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Mr A join ST marine as engineer
-Starting pay for 1st class(with NS) as of 2011 ~ $3400
-typical in ST engineering, average engineer get to be promote every 3 years
-so in 6 years, he will be promoted twice
-for average performer, annual increment = 3.5%, promotion increment = 4%

so after 6 years, his salary would be =
3400 x 1.035^6(6 annual increment) x 1.04^2(2 promotion) = ~$4521
So he will get ~$4521 as an asst principal engineer

assume annual salary = 12 + 1(aws) + 6(pb, could be lesser) = 19mth = 19 x 4521 = 85899/year

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from my comparison, you can see that you can't even hit the starting pay of ME4 as an engineer with ST marine after 6 years exp..

So what you think.....I no need to elaborate more
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