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Old 28-07-2010, 10:59 AM
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Originally Posted by Unregistered View Post
Obviously not everyone who joins banking is as capable as Darknite and able to achieve $105k in the first year. Nevertheless, the banking industry provides an opportunity for outstanding individuals like Darknite to get their due rewards.

On the other hand, the engineering industry gives everyone including the idiots almost the same pay, regardless of performance. Hence it is very unfair to those who have the ability, drive and ambition. I'm quite sure Darknite above would still be earning around $3k if he had stayed on, or maybe slightly more.

And the worst thing is people calling you "big time comparer". Sometimes it's not that you want to compare, but even if you become a hermit and stop meeting your former classmates, your wife and parents will still compare you with your siblings and relatives.

In fact for more than 10 years I turned down all invitations of gatherings with my former classmates, otherwise it would be really embarrassing if they turn up in their luxury cars and I have to explain why I didn't have a car because the COE cost 3 times my annual income (COE hit $110,500 in Nov 1994).

Then finally the day came, a few years ago, when a former classmate who is a specialist doctor invited me for "house warming" at his Katong bungalow. The first question he asked, after saying "Hi! etc.", was "So have you bought any properties?"
I think it's sad that engineers are not getting the pay that they deserve. But maybe we should not compare engineers with investment bankers, who are paid exceptionally well, compared to most other professions.

I would not bother associating with shallow people whose primary concern is properties and luxury cars. But, I do sympathise with you. It's difficult to get away from comparisons, in this age of materialism and competitive environment. Maybe the way out is to spend wisely, save aggressively and invest prudently. With financial security, it doesn't really matter if one is earning $5k, $10k or $20k.
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