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Originally Posted by Unregistered
How can a foreign staff be hired on local package and command such a high salary? Do you mean that all those 29 year old in your company are paid similar salaries as you?
I was under impression all these people who come to Singapore are paid hefty money compared to the locals as they are on an expat salary package. If they are on local salary package then they would not command the high salaries.
How many local 29 year olds are paid $175,000 per annum? By the time we finish our degree in a local uni, we are around 24-25. Even with a first class honours, it's close to impossible to reach this salary on local pay in 4 years time.
Maybe, to inflate our salaries and feel happy, we can include Employee contributions but still it might fall short of $175,000 by 29.
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I don't know much other people my age make, but had I received the full expat package (car, housing, country club membership(s), home leave, etc), the overall package would've doubled or more probably.
I should note that my base pay is $150,000 per annum, excluding any health or employer contributed benefits.
Quote:
Originally Posted by Unregistered
banking jobs 175k by 29 yo is very common. fresh grad in fo can already reach 200k+ inc bonus.
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I currently work in a MNC, so not in the finance sector. Is banking the only sector to have that level of pay at 29?