2.3k uni grad, 1yr contract MNC ok? - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




2.3k uni grad, 1yr contract MNC ok?

Reply
 
Thread Tools
  #1 (permalink)  
Old 29-08-2010, 03:00 PM
Junior Member
 
Join Date: Aug 2010
Posts: 4
mcpng is on a distinguished road
Default 2.3k uni grad, 1yr contract MNC ok?

I got offered this contract position. I will be taking it up, but wanted to hear your opinions.

I got honors uni degree, but in some crap. this job position is in a field not related to my major (but one i want a foot in the door in). What will my future look like?

Do you think if I take some professional certs and have this 1 yr experience, i can ask for 3k @ same or different company? I think 2.3 is not bad la, considering my qualification. And MNC is a plus. But I want to make 5k/mth in 5 years or faster. Will my 2.3k 1 yr contract make future employers only want to up me to maybe 2.5+?

Reply With Quote
  #2 (permalink)  
Old 29-08-2010, 10:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by mcpng View Post
I got offered this contract position. I will be taking it up, but wanted to hear your opinions.

I got honors uni degree, but in some crap. this job position is in a field not related to my major (but one i want a foot in the door in). What will my future look like?

Do you think if I take some professional certs and have this 1 yr experience, i can ask for 3k @ same or different company? I think 2.3 is not bad la, considering my qualification. And MNC is a plus. But I want to make 5k/mth in 5 years or faster. Will my 2.3k 1 yr contract make future employers only want to up me to maybe 2.5+?
Depends what certs you are taking? CFA, CPA, Sigma belts etc? All these require more than two years by the way. And unlikely you can get 3k in one year exp from ya 2.3.

If ya aim is 5k in 5 years or less, you need to go into banking and fianance or the sales side.

Reply With Quote
  #3 (permalink)  
Old 17-03-2011, 04:07 PM
mr-knows-it-all-by-asking
Guest
 
Posts: n/a
Default (:

Hmmm may i know which company ya working for... or at at least provide me with which industry th MNC is in?



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


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
  #4 (permalink)  
Old 18-03-2011, 11:07 AM
well
Guest
 
Posts: n/a
Default

I was offered 2.3k from an MNC when I graduated. Local degree with honours but with crap major.

1.5 years later I was offered 3k but a competitor, didn't accept.
2 years later I was offered 3.3k from a company from a different industry (but same job scope), I accepted.
Reply With Quote
  #5 (permalink)  
Old 18-03-2011, 11:08 AM
Unregistered
Guest
 
Posts: n/a
Default

that said, my offers were all perm, not contract.
if you are on contract, you should be negotiating for more since you receive less benefits.
Reply With Quote
  #6 (permalink)  
Old 18-03-2011, 06:15 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by well View Post
I was offered 2.3k from an MNC when I graduated. Local degree with honours but with crap major.

1.5 years later I was offered 3k but a competitor, didn't accept.
2 years later I was offered 3.3k from a company from a different industry (but same job scope), I accepted.
2.3k to 3.3k is a pretty big jump though from a low base. As long as the industry is big with a number of big players, you should be fine. Hop a few more times and you'll surely hit your target of 5k a mth.
Reply With Quote

  #7 (permalink)  
Old 22-03-2011, 06:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
2.3k to 3.3k is a pretty big jump though from a low base. As long as the industry is big with a number of big players, you should be fine. Hop a few more times and you'll surely hit your target of 5k a mth.
Hi mcpng

I am just like you back in 2009. I started out as a contractor in a US MNC. I assume this contract position comes from a recruitment agency.

I became their official employee this year and yeah my pay jumps from 2300 to 3300 when I got converted from a contractor. Its possible BUT not everyone is fortunate. Heres the following to consider:
1) Your boss needs to like you alot because he sees the potential in you before you can even ask for that LARGE increment.
2) Be prepared to suck it up coz as a contractor, you wouldnt know if your contract will be renewed next yr. Sometimes its not your fault even when u perform well coz the dept simply have no budget to continue your contract or they prefer to hire another FT.
3) Be prepared to handle only admin work becoz as a contractor, you will never get to handle the big stuff like special projects etc coz you are considered as someone inexperience or outside.
4) When you look outside for jobs next time, employers are hesistant to consider someone from a contractor role coz its give them the stigma that you are not part of the company.
5) You MAY BE eligible for a higher increment due to the insecurity of the contract job. Again depends on your job performance

In fact, I hated my contractor role a lot in the first place (I had to take up that role coz I quit w/o a job during the recession, yeah I admit I am stupid). But I am lucky I got a nice boss who gave me a lot of opportunities (i cant say for others) and I worked very hard for it till I felt I am ready to leave and my boss asked me to stay back and converted me.

Having say so much abt my experiences, you decide yourself if you still want the contractor job.
Reply With Quote
Reply

Bookmarks

Tags
contract, mnc

« 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
Contract job mi8nami Income and Jobs 9 20-02-2018 11:40 PM
Advise Needed for Bioengineering grad Gan_Do Income and Jobs 33 19-06-2017 06:28 PM
Any advise on negotiating employment contract (IT job) deadman Income and Jobs 6 04-11-2011 11:55 AM
Advice needed for Ivy-L Grad down on his luck. Flyinghome Income and Jobs 31 16-03-2011 11:33 PM
Lost As an engineering grad rampa001 Income and Jobs 4 14-05-2010 09:57 AM

» 30 Recent Threads
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,059 Replies, 2,519,501 Views
Lawyer Salary ( 1 2 3... Last Page)
13,670 Replies, 4,595,295 Views
Starting Pay for CS/Ministries... ( 1 2 3... Last Page)
231 Replies, 107,491 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
2,636 Replies, 1,272,902 Views
Perm to contract, increase > 2k... ( 1 2 3... Last Page)
31 Replies, 4,110 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,681 Replies, 4,349,557 Views
How is life as a doctor in... ( 1 2 3... Last Page)
2,746 Replies, 1,408,187 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
625 Replies, 97,502 Views
DBS tech seed programme ( 1 2 3... Last Page)
867 Replies, 220,363 Views
Compare civil service salary ( 1 2 3... Last Page)
12,557 Replies, 7,335,250 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,515 Replies, 730,114 Views
HDB (under MND) ( 1 2 3... Last Page)
458 Replies, 369,417 Views
Anyone work in AVA Animal Health... ( 1 2)
14 Replies, 8,847 Views
Roles in accenture singapore ( 1 2 3... Last Page)
2,006 Replies, 519,760 Views
Asset Management Salary ( 1 2 3)
25 Replies, 3,323 Views
Career as Teacher ( 1 2 3... Last Page)
4,000 Replies, 2,495,827 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,022 Replies, 737,321 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
471 Replies, 271,589 Views
ST Electronics ( 1 2 3... Last Page)
2,331 Replies, 570,415 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
63 Replies, 34,940 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
327 Replies, 452,330 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
3,909 Replies, 1,744,278 Views
IMDA (under MCI) ( 1 2 3... Last Page)
112 Replies, 56,912 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
350 Replies, 152,745 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,844 Replies, 607,143 Views
Breaking the Letter Of Commitment... ( 1 2 3)
27 Replies, 26,003 Views
High Finance Thread ( 1 2 3... Last Page)
298 Replies, 100,163 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,266 Replies, 640,603 Views
Unilever UFLP 2018 ( 1 2 3... Last Page)
81 Replies, 24,258 Views
How rich/poor am I compared to... ( 1 2 3... Last Page)
81 Replies, 70,294 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 01:08 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2