Quote:
Originally Posted by Unregistered
WOW! Singaporeans have such wishful thinking! Half of these guys posting on this forum claiming excess of 100k per annum are in my opinion practically jobless. How many IB associates or "high income earners" have the time to even post on this forum? They don't even have time to sip a cup of coffee.
About Me
Gas Trader at Shell
Graduated in 2008 from NUS with 2nd Upper (4.2 CAP) and was my First Job
2008 - 2009 48K + 2K bonus
2009 - 2010 56K + 7.5K bonus
2010 - 2011 56K + 4K bonus
Almost all of my colleagues with similar experience earn in this range and even the increments are proportionate. I work 10 hour days on average and 16 hour days occasionally (once a month). I am 27 this year. And I am happy with my pay honestly. I have spoken to many friends of mine both in the civil service and finance industries. The highest income earner for last year among our friends was an insurance agent for 8 years and his income was 190k but even he admitted it was a very lucky year and would be hard to sustain such a payscale for long. The rest of them are not far off from what I earn as well.
And to be honest, me with my 'low' income already had trouble getting a hdb house with my future wife because we crossed the income ceiling set by hdb. We eventually got our application approved with the help of our MP, but still, even with my low income I did not meet the criteria for a hdb flat, I wonder how all these guys that claim to earn such high pay scales manage to slip under the radar! Also with such high pay scales do these guys skip reservist??
I really wish these guys who make such elaborate claims really do land the jobs that they 'dream' of and also wish people would be more honest on these forums. |
I believe your role is trading analyst or operator/scheduler, rather than a trader which takes a longer gestation period to become one. Do you have a revenue target to meet? Anyway, I havent heard of gas trading in Singapore (is it LPG or LNG?), as the physical markets here focus on the distillates, heavy or crude.
Comparatively, an equivalent of a trader role in JP Morgan, Morgan Stanley or Goldman Sachs get much higher salary and bonus.
Having said that, you are still young, and once you go through the apprenticeship phase and if you excel in your role, your salary will very easily more double or triple in your prime at early 30s - if not, Glencore, trafigura, statoil, koch will come knocking your door to hire you.
The base for IB associates posted here are quite real, but bonus this year has taken a beating, down by 40%.
Many couples both working in IB in early 30s are getting $1.5-2m condo as their matrimony home. 200k base at this stage of their lives is quite common among the IBers