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Unregistered 01-10-2018 07:37 AM

Quote:

Originally Posted by Unregistered (Post 110524)
This is correct as per what my MAS friend told me.

So will there a once off increase in base salary, ahead of the 2019 changes?

Unregistered 01-10-2018 03:24 PM

Quote:

Originally Posted by Unregistered (Post 110574)
So will there a once off increase in base salary, ahead of the 2019 changes?

I don't think there is any increase. It is merely splitting up the bonus into 12 months to pay you.

Last time: 5k monthly, total package 18 months = 90k per annum
New pay: 6k monthly, total package 15 months = 90k per annum

Unregistered 01-10-2018 09:20 PM

Quote:

Originally Posted by Unregistered (Post 110519)
Insider info: MAS bonus has been removed from 2019 onwards. Moving forward it will only be 14-15 months package. Standard 12 months + PB of 2-3 months.

Don't be too happy at being offered higher pay, it has been artifically inflated to compensate for reduced bonus.

So still no 13 month right?

Unregistered 01-10-2018 11:33 PM

Quote:

Originally Posted by Unregistered (Post 110519)
Insider info: MAS bonus has been removed from 2019 onwards. Moving forward it will only be 14-15 months package. Standard 12 months + PB of 2-3 months.

Don't be too happy at being offered higher pay, it has been artifically inflated to compensate for reduced bonus.

More like 13-14 months for avg performer. PB Quantum reduced since large part of grp bonus now form part of base pay.

Unregistered 04-10-2018 10:01 PM

Quote:

Originally Posted by Unregistered (Post 110602)
More like 13-14 months for avg performer. PB Quantum reduced since large part of grp bonus now form part of base pay.

I am wondering where people get the impression that 18 months package was the norm. Perhaps that is true at early 2000's or till early 2010's.

The last few years had always been about 15.5 months average, for an average performer.

With the salary package modified to removed the bonus at Dec which is usually 2 months+ abit. Yes, the reality is 1.75 months for average performer.

which means 12+1.75 = 13.75 months salary package is what you can expect for an average person.

Unregistered 05-11-2018 08:45 PM

So does MAS pay well for midcareers? If MAS offers an Associate position for someone 3,4 years of exp, how much should he expect?

Unregistered 11-11-2018 11:10 AM

Quote:

Originally Posted by Unregistered (Post 110670)
I am wondering where people get the impression that 18 months package was the norm. Perhaps that is true at early 2000's or till early 2010's.

The last few years had always been about 15.5 months average, for an average performer.

With the salary package modified to removed the bonus at Dec which is usually 2 months+ abit. Yes, the reality is 1.75 months for average performer.

which means 12+1.75 = 13.75 months salary package is what you can expect for an average person.

that sucks because you receive lower Employer CPF contributions

Unregistered 22-11-2018 11:37 PM

Quote:

Originally Posted by Unregistered (Post 111410)
So does MAS pay well for midcareers? If MAS offers an Associate position for someone 3,4 years of exp, how much should he expect?

Typically for Associate range is anything from 3k to 4.5k.

Type 1 - No Degree
If you have 3-4 years experiences w/o degree, likely 3-3.5k

Type 2 - With Degree
If you have 3-4 years experience w/degree, likely 4k and above.

Unregistered 23-11-2018 10:35 PM

Are MAS Officers considered civil servants and eligible for those year end AWS bonus declared recently? Understood from here that MAS has wide discretion and does not pay 13th month. So just wondering.

Unregistered 24-11-2018 12:34 AM

Quote:

Originally Posted by Unregistered (Post 111879)
Are MAS Officers considered civil servants and eligible for those year end AWS bonus declared recently? Understood from here that MAS has wide discretion and does not pay 13th month. So just wondering.

MAS is under SB (s://en.wikipedia.org/wiki/Statutory_boards_of_the_Singapore_Government)

All SB are considered Public Servants.

For Civil Servants, typically are directly working for govt. For example ministry of manpower (MOM), ministry of health (MOH), Mindef, etc.

s://en.wikipedia.org/wiki/Singapore_civil_service

Back to your question, MAS salary package is now basic + performance bonus. This is in line with Banking industry.


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