Quote:
Originally Posted by Unregistered
You got your facts wrong. Shell starts off at 3.4k basic and rises to 5k at the end of three years. On the other hand, DBS MAP are getting about 4.8k in their first year. Bonuses are subjective and hard to gauge. Against the backdrop of an oil crisis, I don't think shell is rushing to pay out 6 months bonuses just like that.
It's tough to make the assertion that a shell grad will definitely outearn a DBS MAP in his mid 30s. Proof please.
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Don't know much about DBS MAP and other banking MAP but Shell's starts off at $3.4k basic (+$200 for
NS). Pay rises to at least $5k (better performers can even see close to $6k) after about 2.5 years (considering a fresh graduate typically joins in July/August after graduation in year X and he/she will exit the MAP in February of year X+3). The fixed bonus is always 3 months and variable bonus depends on the individual's and company's performance (the range is huge, can be 2 months, can be 7 months; it all depends). There are also employee and performance shares schemes. It is not unusual to see a MAP graduate earning above $200k/year in the mid 30's. There is also ample opportunities to rotate between various class of businesses (a typical MAP would have seen at least 4-5 different roles in different areas by the time he/she is in the mid 30's). Not to mention there is also the chance of expatriation in the different Shell offices around the world.
The above info was true a few years ago, I'm not sure if anything has changed since then.