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Old 31-05-2022, 01:59 PM
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Originally Posted by Unregistered View Post
In today's context earning $4k per month is only considered decent off course is very much dependent on the field of study. Above average should be starting at 5K with the high achievers starting at 7k and above. At the age of 30, average ones should be drawing 6k, above average 7.5k and high fliers 10k and above. Average is approx 50-60 percentile, above average 60-89 percentile and high fliers 90 percentile and above.
At 30, girls will have worked 6-7 years and guys 5-6 years. We can talk about the ultra highflyers. There are maybe 100-300 people per cohort in the top few firms in these top couple of industries. I am sure there are other roles that pay well as well (PE, HF etc) but are smaller, and IB/MC are the more well-known and sizeable ones and form the base of ‘liquidity’ for people to go into other careers.

For girls,
At 6-7 years in MBB you would be an EM level. That’s around 16-18k base, 250-300k all in.
At 6-7 years in BB IB you would be Assoc/entry VP level. That’s around 20-30k base, 400-600k all in.
US whiteshoe big law assoc = 20-30k base, 300-400k all in.
For guys, maybe take a 20-30% discount on those numbers due to 2 years lag.

Outside these professional services folks there are also the tech folks.

Tech numbers will depend on whether you are in SG or US, and when you got your stocks. The industry is growing too fast and compensation is too unstable for me to put a gauge on things. But SWEs from NUS love to talk up their US comp after going overseas, but that’s stupid. US salaries don’t apply because they pay 40% tax + high COL, and the litmus test is if you do a lateral transfer within a Google or Meta you won’t get anywhere close to your US package in SG with the same numbers (even replacing USD with SGD). But it’s also a good industry and I think SWEs with 5-6 yrs xp can be pulling 250-350k depending on which firm they are in.
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