Quote:
Originally Posted by Unregistered
After reading all the replies, its kinda demoralizing after knowing that most of the guests here are uni grads/fresh uni grads and earning a decent amount of income from AML/Compliance job.
I am a 27 years old fresh local diploma grads currently ending my 8 months contractual AML role in a local bank drawing 2.1, how far would I go to in terms of dollar and cent? Would I be able to command a higher income gradually to be on par with uni grads within 2.5 years (like a 10% increment) along the way with broad base experience?
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I think you should not beat yourself up too much. I started as a poly grad and went on to take my degree after I started working in Compliance (10 years ago). I know another girl who is at SVP level, and is still a poly graduate (she's probably 35 now?). She is probably earning $200K to 250K which is pretty good for a 35 years old. It is a combination of being at the right place, right time, with the right projects, combined with capability.
At the same time, I know uni grads, masters holders and even PHD who cannot cope in the compliance environment. Everyone is different and its important to consider your strength, and be willing to raise your hand for challenges. Many people seems to assume that moving into Compliance will guarantee a good pay and promotion. That is not true. It might give you a mildly better pay but without the right attitude and capability, you won't go beyond a VP.