Professionals in the financial industries be it insurance agents, relationship managers, personal bankers, fiance directors are now facing salary cutbacks and bonus reductions, that is if their benefits haven't already been cut.

I have friends who are finance directors/CFOs and they are in their mid 30s and they get 12-15K average pay excluding other perks. Now some of them are facing cuts/reductions in their packages.

It is now bygone days for finace professionals. This recession Singapore is in now will last 12 to 18 months. It will be tough times ahead for all, more so for these people.

I am not worried because I have the capability, talent, knowhow, skills, work ethics and passion to be a profit centre for my company in the areas of my depatments.