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26-03-2012, 02:06 PM
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Cash + CPF not sufficient to purchase the condo. Friends who are at our age have to resort to "parental loans" for the downpayment, something that we both are not willing to resort to.
Most of our friends from universities who entered the finance & banking line have past the $10,000k BTO barrier but resort to HDB resale. Simply not enough CPF/savings. The government needs to do something about condo affordability.
Quote:
Originally Posted by Unregistered
Its probably because your cash + CPF is not sufficient to buy a more expensive condo. With your combined income u can easily service the monthly loan payments ...
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26-03-2012, 02:24 PM
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Quote:
Originally Posted by Unregistered
Wow.. What do you do?? You must either be a property agent or selling insurance right?
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Engineering support. Wish i have the EQ to be in sales.
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26-03-2012, 05:45 PM
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wow!! 90k annual income doing engineering support??!!! Must be some US MNC right?? Stingy singaporean engineering companies will never pay this kind of salary to engineers.... Furthermore you only have a diploma.. You're in a great job bro!!!! You drawing much more than many degree holders here...
Quote:
Originally Posted by Unregistered
Engineering support. Wish i have the EQ to be in sales.
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26-03-2012, 05:59 PM
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Quote:
Originally Posted by Unregistered
wow!! 90k annual income doing engineering support??!!! Must be some US MNC right?? Stingy singaporean engineering companies will never pay this kind of salary to engineers.... Furthermore you only have a diploma.. You're in a great job bro!!!! You drawing much more than many degree holders here...
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He didn't state the currency.
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26-03-2012, 08:49 PM
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Quote:
Originally Posted by Unregistered
wow!! 90k annual income doing engineering support??!!! Must be some US MNC right?? Stingy singaporean engineering companies will never pay this kind of salary to engineers.... Furthermore you only have a diploma.. You're in a great job bro!!!! You drawing much more than many degree holders here...
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Jap MNC. Don't think I am that well paid, even our supervisors make this amount. That's why astonished to read that ST pays its engineers lower. I was even considering ST.
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27-03-2012, 08:52 PM
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Quote:
Originally Posted by Unregistered
Am an civil enginnering graduate and had worked 2 years as an site enginner. Currently in the financial service sector.
The trick here is to work a couple of years as an engineer, learn as much as can, ask as many question from the old bird as possible, network with other trades in the course of work, and switch line - either new industry or vertical up.
Be mobile and take up new challenges.
Most friends continued to work hard in site and earned less than $5k a month.
Some moved up to project managers and earning $5-7k a month
Some took courses and become lawyer dealing with engineering law suits(Shortage of engineering background legal professional!!!). Some switch to engineering consultancy and earn reasonably good money. Some like me joined the finanical services, enjoyed good work life balance , and earned as much as the business and account graduates rumoured to have long working hours... ...
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$5k to $7k is pathetic for a construction project manager, given their heavy responsibilities. Plus he will have to motivate a bunch of lazy morons (sad to say, construction sector can only attract riff raffs). Every engineer should try to follow your example and break out of the sector.
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27-03-2012, 10:31 PM
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Wow!! How did you switch field from engineering into finance??!!! Unless you mean you became an financial planner.. then for that anybody can switch.... Or do you really mean that you manage to hop into a bank?? Pls share with us how you managed to find your way... Thks..
Quote:
Originally Posted by Unregistered
Am an civil enginnering graduate and had worked 2 years as an site enginner. Currently in the financial service sector.
The trick here is to work a couple of years as an engineer, learn as much as can, ask as many question from the old bird as possible, network with other trades in the course of work, and switch line - either new industry or vertical up.
Be mobile and take up new challenges.
Most friends continued to work hard in site and earned less than $5k a month.
Some moved up to project managers and earning $5-7k a month
Some took courses and become lawyer dealing with engineering law suits(Shortage of engineering background legal professional!!!). Some switch to engineering consultancy and earn reasonably good money. Some like me joined the finanical services, enjoyed good work life balance , and earned as much as the business and account graduates rumoured to have long working hours... ...
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28-03-2012, 12:09 AM
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I am in the general insurance segment of the Financial service sector.
Every project requires insurance coverage. Underwriters are needed to underwriter the risk. Claim handlers are required to handle any loss claim. There is a huge demand for engineering claim and underwriting personnel. Just see how much construction, power plant, infrastructure work, manufacturing plant, factory project in the region esp with rebuilding work in Thailand (flood), Japan (natural diaster) , Malaysia and Vietnam(construction boom and industrial development)
Construction underwriter and claim handler require the technical knowledge which is lacking from a non-engineering graduate. Who knows technical engineering stuff better than an engineer himself?
Started with a course in diploma in general insurnce from SCI, ANZCII or ACII, or look out for opening such as loss prevention engineer, loss adjustor, risk engineer, engineering underwriting, etc.
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28-03-2012, 12:11 AM
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Quote:
Originally Posted by Unregistered
I am in the general insurance segment of the Financial service sector.
Every project requires insurance coverage. Underwriters are needed to underwriter the risk. Claim handlers are required to handle any loss claim. There is a huge demand for engineering claim and underwriting personnel. Just see how much construction, power plant, infrastructure work, manufacturing plant, factory project in the region esp with rebuilding work in Thailand (flood), Japan (natural diaster) , Malaysia and Vietnam(construction boom and industrial development)
Construction underwriter and claim handler require the technical knowledge which is lacking from a non-engineering graduate. Who knows technical engineering stuff better than an engineer himself?
Started with a course in diploma in general insurnce from SCI, ANZCII or ACII, or look out for opening such as loss prevention engineer, loss adjustor, risk engineer, engineering underwriting, etc.
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A construction underwriter with regional experience is been offered a package of $200k pa in one of the job portal recently.
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