Quote:
Originally Posted by Unregistered
Interesting story. Were you one of those guys flying high earning $13k / month by age 28 but had to settled for a job that pays less when you lost your job? I only say because you said "banks dump you"?
Don't mind me asking? How you cope? I heard of stories that once you earn that much, you probable will NEVER work at 50% of what you were paid before, even if that means remaining jobless.
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It depends, say if you are 22 years old now and you join in a BB in a MAP program, in 3 years you will be associate and 2 years later you will be senior associate (some banks call associate II). I think by age 28 you will be a kind of middle between associate II and AVP.
Paywise, local bank low salary but with bonus and insentive plan. That can stack quite a lot! Foreign banks giant pay but not much bonus. I worked in BB so I can safely estimate if you will get S$ 10,000 to S$12,000 per month when you turn 30 and fortunately you are not sacked.
I think bank people may have the pride that they are bankers and I agree that they are reluctant to work for 50% less(nobody is willing to work for 50% less, right?)
But don't worry for them, they are definitely best of the best. Even if they are sacked, there will be numerous headhunters chasing them to offer them another big bucks.
A little sharing from a fresh grad. haha