MAS for Mid Career Professionals - Page 47 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Companies

Companies Discuss companies and organisations.




MAS for Mid Career Professionals

Reply
 
Thread Tools
  #461 (permalink)  
Old 02-09-2021, 05:06 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
31 male 7.5k/month. How’s my progression?

Impressive. Guess it depends on department? Sense is policy role earns more…

Reply With Quote
  #462 (permalink)  
Old 06-09-2021, 08:15 PM
Unregistered
Guest
 
Posts: n/a
Default

At what age does one typically become a DD?

Reply With Quote
  #463 (permalink)  
Old 11-09-2021, 12:53 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
At what age does one typically become a DD?
For average performer, 8 to 10 year mark. DD at MAS is equivalent to AD at ministry.

The progression is usually Associate (2 - 3 years) => AD (5- 8 years) => DD



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #464 (permalink)  
Old 11-09-2021, 01:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
For average performer, 8 to 10 year mark. DD at MAS is equivalent to AD at ministry.

The progression is usually Associate (2 - 3 years) => AD (5- 8 years) => DD
The DD pay scale (>10k) at MAS is much higher than AD (ministry) salary ceiling
Reply With Quote
  #465 (permalink)  
Old 13-09-2021, 01:25 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The DD pay scale (>10k) at MAS is much higher than AD (ministry) salary ceiling
The payscale is higher because MAS fold in bonus into salary component. Plus MAS salary package is benchmarked against financial sector.
Reply With Quote
  #466 (permalink)  
Old 13-09-2021, 05:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The payscale is higher because MAS fold in bonus into salary component. Plus MAS salary package is benchmarked against financial sector.
whats the pay range of a full "director" in MAS? also there is no AWS or bonus at all?
Reply With Quote

  #467 (permalink)  
Old 13-09-2021, 07:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The payscale is higher because MAS fold in bonus into salary component. Plus MAS salary package is benchmarked against financial sector.
Agree that payscale higher because of the fold in bonus. As for benchmarked against financial sector, that might not be true. Bonus has dropped drastically which makes the overall compensation less attractive when compared to financial sector. Even when industry rebounced from covid, there is no review in salary package.
Reply With Quote
  #468 (permalink)  
Old 14-09-2021, 12:47 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Agree that payscale higher because of the fold in bonus. As for benchmarked against financial sector, that might not be true. Bonus has dropped drastically which makes the overall compensation less attractive when compared to financial sector. Even when industry rebounced from covid, there is no review in salary package.
MAS benchmarked against I think middle/back office of financial sector and set the benchmark at a certain percentile (e.g. 70%). Cannot compare with front office salary figures.

MAS is a good place to 'take shelter' in during stormy days like this. U sacrifice some moolah for security. But when the weather is fine and FIs are paying top money outside, MAS will be slow to revise compensation upwards and there will be a cap.

A typical civil/public service way of benchmarking to make sure they are following salary trends but not paying top money (at 90-100% percentile) like FIs outside.

Because need to make sure it has financial prudence of a govt agency. And govt agency are not money making entities. MAS investments goes back into state coffers. Unlike FIs where employees will get a cut of the earnings.
Reply With Quote
  #469 (permalink)  
Old 15-09-2021, 01:23 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
MAS benchmarked against I think middle/back office of financial sector and set the benchmark at a certain percentile (e.g. 70%). Cannot compare with front office salary figures.

MAS is a good place to 'take shelter' in during stormy days like this. U sacrifice some moolah for security. But when the weather is fine and FIs are paying top money outside, MAS will be slow to revise compensation upwards and there will be a cap.

A typical civil/public service way of benchmarking to make sure they are following salary trends but not paying top money (at 90-100% percentile) like FIs outside.

Because need to make sure it has financial prudence of a govt agency. And govt agency are not money making entities. MAS investments goes back into state coffers. Unlike FIs where employees will get a cut of the earnings.

public svc is not hire and fire so paying at P70 is more sustainable.
Reply With Quote
  #470 (permalink)  
Old 15-09-2021, 02:39 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I didn't get any increment after probation. Understand that first increment for newbies is at first year anniversary.
Is this the case where newbies get their first increment at the first year anniversary? Anyone can confirm this?
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
AML/Compliance/KYC professionals come in! daydreamer Income and Jobs 1866 25-06-2024 08:40 AM
Income for IT Professionals sudoku Income and Jobs 10 24-10-2014 07:20 PM
what does corporate hr executives/professionals do? lmaohaha Income and Jobs 2 12-05-2012 06:03 PM
Professionals and Managers - Is Your Pay above the Median? Salary.sg Income and Jobs 174 04-10-2009 07:42 PM
Managers and Professionals - are your Salaries above the Median? Salary.sg Income and Jobs 27 11-12-2008 10:45 AM

» 30 Recent Threads
Cybersecurity/Info security career ( 1 2 3... Last Page)
518 Replies, 290,480 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
18,789 Replies, 5,625,709 Views
Lawyer Salary ( 1 2 3... Last Page)
21,509 Replies, 10,943,638 Views
Career as Teacher ( 1 2 3... Last Page)
11,852 Replies, 7,288,753 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,647 Replies, 3,690,514 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
940 Replies, 499,978 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,599 Replies, 1,280,419 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,143 Replies, 4,976,977 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
953 Replies, 579,985 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
435 Replies, 539,090 Views
Compare civil service salary ( 1 2 3... Last Page)
16,552 Replies, 13,048,821 Views
SLA (Singapore Land Authority) ( 1 2 3... Last Page)
37 Replies, 35,098 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,444 Replies, 736,250 Views
31 yo private uni grad. Is there... ( 1 2 3... Last Page)
69 Replies, 5,068 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,625 Replies, 4,041,745 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,518 Replies, 1,978,452 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,215 Replies, 2,615,537 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,021 Replies, 518,435 Views
SLA (Singapore Land Authority) ( 1 2)
11 Replies, 11,531 Views
GovTech ( 1 2 3... Last Page)
6,683 Replies, 2,683,379 Views
How much are you earning per annum? ( 1 2 3... Last Page)
14,397 Replies, 6,679,547 Views
JP Morgan ( 1 2 3... Last Page)
216 Replies, 197,265 Views
INL Agency? Brand Communication...
8 Replies, 942 Views
ST Electronics ( 1 2 3... Last Page)
3,979 Replies, 1,723,239 Views
Salary Calculation
8 Replies, 6,031 Views
Salary increment
3 Replies, 304 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
367 Replies, 414,260 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,361 Replies, 1,206,719 Views
DSO (under Mindef) ( 1 2 3... Last Page)
56 Replies, 72,954 Views
Rohde & Schwarz in Singapore
9 Replies, 8,978 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:40 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2