2.3k uni grad, 1yr contract MNC ok?

[mcpng]

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+?

Originally Posted by mcpng

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.

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

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.

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.

Originally Posted by well

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.

Originally Posted by Unregistered

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.