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Fresh degree grad salary compilation

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  #11 (permalink)  
Old 06-04-2019, 12:05 PM
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Originally Posted by cluelessmillennial View Post
ya sure, agreed with you on your 'no free lunch' theory, paid more, possibly expect more responsibilities. But at which point of my thread did i say it was the reality of the job market? With more salary estimates added to the compilation then possibly we will get a better idea of the job market, as simple as that, uni grads cannot be dont understand this. lol
Then shouldnt you in this case change the title of your thread? To fresh grad salary in top companies in various industries.

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Old 06-04-2019, 12:15 PM
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@all, sg got online falsehoods bill liao dont post fake info, I report to shanmugam

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Old 06-04-2019, 01:07 PM
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Default Calculation

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Originally Posted by cluelessmillennial View Post
Heard of the Stan Chart IGP as well, but iirc the quote of 5.2k salary is gross salary, inclusive of bonus, i do not know the base exactly
This salary calculation is problematic (annual packages including special bonuses)... Since when you go to the interview the HR tell you a salary including historical bonuses and projected incentives...

GROSS Monthly salary means basic salary Before Cpf, includes monthly allowances (phone, travel, entertainment) , Exclude projected bonuses (13 month, PB, NPAA,...)
Annual salary means 12 months of basic Before Cpf, Includes in all bonuses and allowances
Take home means, monthly basic salary After CPF, Exclude projected bonuses

Taking Annual salary divided by 12 and stating that as Gross monthly salary will either make HR doubt your financial literacy, or you end up over pricing yourself and not getting calls.

Based on the amount of 5.2k, assuming 4 months total bonus in a bank, the Gross monthly salary is probably closer to 4. 2k, the take home probably 3k.



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  #14 (permalink)  
Old 06-04-2019, 01:33 PM
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Quote:
Originally Posted by Ambition View Post
This salary calculation is problematic (annual packages including special bonuses)... Since when you go to the interview the HR tell you a salary including historical bonuses and projected incentives...

GROSS Monthly salary means basic salary Before Cpf, includes monthly allowances (phone, travel, entertainment) , Exclude projected bonuses (13 month, PB, NPAA,...)
Annual salary means 12 months of basic Before Cpf, Includes in all bonuses and allowances
Take home means, monthly basic salary After CPF, Exclude projected bonuses

Taking Annual salary divided by 12 and stating that as Gross monthly salary will either make HR doubt your financial literacy, or you end up over pricing yourself and not getting calls.

Based on the amount of 5.2k, assuming 4 months total bonus in a bank, the Gross monthly salary is probably closer to 4. 2k, the take home probably 3k.
erm gross salary includes bonuses fyi.
This is the definition from MOM: For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses, so ya definitely no financial literacy issue here.

anyway a base pay of 4.2k sounds reasonable but its just speculation on your part, would prefer someone who has reliable info on the base pay
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Old 06-04-2019, 01:49 PM
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Originally Posted by cluelessmillennial View Post
erm gross salary includes bonuses fyi.
This is the definition from MOM: For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses, so ya definitely no financial literacy issue here.

anyway a base pay of 4.2k sounds reasonable but its just speculation on your part, would prefer someone who has reliable info on the base pay
I think the other poster is saying that HR will only quote you gross monthly salary excluding variable bonuses or payment. It is not about financial literacy. Yes overall you may get more but HR normally look at the fixed portion.
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Old 06-04-2019, 02:06 PM
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I think the other poster is saying that HR will only quote you gross monthly salary excluding variable bonuses or payment. It is not about financial literacy. Yes overall you may get more but HR normally look at the fixed portion.
The same person who mentioned problematic calculation. Thanks for clarifying, indeed I am strictly talking about talking numbers in front of HR and in the application form.

However thanks to the other poster about MOM definition. I appreciate this knowledge. However in salary negotiation, please consider what I posted. It is the industry norm. Your contract will always state your gross salary without the bonuses.
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Old 06-04-2019, 03:55 PM
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Anyone can share info for other companies/industries? Would like to know how foreign banks, tech, fmcg, consulting industries pay
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Old 06-04-2019, 07:15 PM
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Quote:
Originally Posted by Ambition View Post
This salary calculation is problematic (annual packages including special bonuses)... Since when you go to the interview the HR tell you a salary including historical bonuses and projected incentives...

GROSS Monthly salary means basic salary Before Cpf, includes monthly allowances (phone, travel, entertainment) , Exclude projected bonuses (13 month, PB, NPAA,...)
Annual salary means 12 months of basic Before Cpf, Includes in all bonuses and allowances
Take home means, monthly basic salary After CPF, Exclude projected bonuses

Taking Annual salary divided by 12 and stating that as Gross monthly salary will either make HR doubt your financial literacy, or you end up over pricing yourself and not getting calls.

Based on the amount of 5.2k, assuming 4 months total bonus in a bank, the Gross monthly salary is probably closer to 4. 2k, the take home probably 3k.
About right....
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  #19 (permalink)  
Old 06-04-2019, 07:19 PM
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Aadvantage grad analyst: 3400
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Old 06-04-2019, 09:14 PM
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Default fresh grad cyber security agency

CSA - about 4k+ plus minus
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