Starting salary

Originally Posted by Unregistered

foreign bank IT starting this july
55k per annum

Sounds like the one I'm in...

Originally Posted by Unregistered

Nice, your first promotion got u $900 (ie 25.7%) increment. And 2nd promotion got you $1,125 (ie 24.6%) increment. That's very good promotional increment. Are you in BO or MO?

The increment % was not actually that high. What I quoted was my pay at the March point of every year. I've gotten some pay adjustment at different points in the year. Below should be a better representation of my pay jump. I believe I'm just a average ordinary worker. not a scholar, and my advancement is definitely not the high flyer type.

And I am in BO.


Date Amount Increase % Remarks
Mar-04 $2,350 NA Fresh Grad
Jan-05 $2,610 $260 11.06% Annual Increment
Jul-05 $2,900 $290 11.11% Changed Bank
Aug-06 $3,500 $600 20.69% Changed Bank
Aug-07 $3,850 $350 10.00% Pay Adjustment
Oct-07 $4,100 $250 6.49% Promotion
Mar-08 $4,400 $300 7.32% Annual Increment
Mar-10 $4,575 $175 3.98% Annual increment
Aug-10 $5,300 $725 15.85% Promotion
Mar-11 $5,700 $400 7.55% Annual Increment

[yk89]

I completed my undergraduate studies in BA Psychology at SIM Global education and am only waiting for the official graduation now. I haven't been able to look for a full-time job for months and now there is one job which is willing to hire me on a part-time basis (about 30 hours per week) and the pay they offered me is $1000 (excluding CPF contribution). When I asked how much would a full-time job there pay me, they said it'll only be SLIGHTLY more than $1000. Am I very underpaid?

Originally Posted by yk89

I completed my undergraduate studies in BA Psychology at SIM Global education and am only waiting for the official graduation now. I haven't been able to look for a full-time job for months and now there is one job which is willing to hire me on a part-time basis (about 30 hours per week) and the pay they offered me is $1000 (excluding CPF contribution). When I asked how much would a full-time job there pay me, they said it'll only be SLIGHTLY more than $1000. Am I very underpaid?

My uncle in his fifties just found a cleaner job cleaning chalets in pasir ris. His pay is $1,200. Higher than yours. But yours is white collar job. Got Aircon comfort.

[yk89]

Originally Posted by Unregistered

My uncle in his fifties just found a cleaner job cleaning chalets in pasir ris. His pay is $1,200. Higher than yours. But yours is white collar job. Got Aircon comfort.

But I have a degree!

Originally Posted by Billi

The increment % was not actually that high. What I quoted was my pay at the March point of every year. I've gotten some pay adjustment at different points in the year. Below should be a better representation of my pay jump. I believe I'm just a average ordinary worker. not a scholar, and my advancement is definitely not the high flyer type.

And I am in BO.


Date Amount Increase % Remarks
Mar-04 $2,350 NA Fresh Grad
Jan-05 $2,610 $260 11.06% Annual Increment
Jul-05 $2,900 $290 11.11% Changed Bank
Aug-06 $3,500 $600 20.69% Changed Bank
Aug-07 $3,850 $350 10.00% Pay Adjustment
Oct-07 $4,100 $250 6.49% Promotion
Mar-08 $4,400 $300 7.32% Annual Increment
Mar-10 $4,575 $175 3.98% Annual increment
Aug-10 $5,300 $725 15.85% Promotion
Mar-11 $5,700 $400 7.55% Annual Increment

The increm is pretty decent actually, I swtched more companies to get to where I am .
If I depended on yearly increm, I think I will be still earning 3 to 4k
I am not in banking but my numbers are as

Date Amount Increase % Remarks
Mid 2004 $2,000 NA Fresh Grad in non banking
Mid 2005 $2,500 $500 25% switch to marketing for a few mths
7/1/2005 $2,500 $0 0% switch company as previous not doing well
7/1/2006 $2,625 $125 5% increment
2/1/2007 $3,600 $975 37% switch to another company to a higher post
10/1/2007$3,810 $210 4% confirmaton increm
4/1/2008 $4,000 $190 6% Annual Increment
4/1/2009 $4,000 $0 4% NO increm
4/1/2010 $4,138 $138 5%
4/1/2011 $5,700 $1,562 8% promo
6/1/2011 $6,500 $800 14% switch co for better opportunity, to start June 2011

Originally Posted by Unregistered

The increm is pretty decent actually, I swtched more companies to get to where I am .
If I depended on yearly increm, I think I will be still earning 3 to 4k
I am not in banking but my numbers are as

Date Amount Increase % Remarks
Mid 2004 $2,000 NA Fresh Grad in non banking
Mid 2005 $2,500 $500 25% switch to marketing for a few mths
7/1/2005 $2,500 $0 0% switch company as previous not doing well
7/1/2006 $2,625 $125 5% increment
2/1/2007 $3,600 $975 37% switch to another company to a higher post
10/1/2007$3,810 $210 4% confirmaton increm
4/1/2008 $4,000 $190 6% Annual Increment
4/1/2009 $4,000 $0 4% NO increm
4/1/2010 $4,138 $138 5%
4/1/2011 $5,700 $1,562 38% promo
6/1/2011 $6,500 $800 14% switch co for better opportunity, to start June 2011

That 38% promotional increment u got is out of this world!! ($4,138 - $5,700). Better than a job switch. Why do you want to leave when they give such unbelieveable promotional increment?

Originally Posted by yk89

But I have a degree!

A cleaner earns more than a degree holder. What a joke.

[k3vin]

Originally Posted by Unregistered

A cleaner earns more than a degree holder. What a joke.

Note the difference in the working hours, and do also note that this is a small sample size, as yk89 mentioned, other people of the cohort have received better offers.

Originally Posted by Billie

That 38% promotional increment u got is out of this world!! ($4,138 - $5,700). Better than a job switch. Why do you want to leave when they give such unbelieveable promotional increment?

Yes that's a huge increment! But he wanted to leave because the next job pays higher

Btw, I'm also looking around at other jobs, but wondering why in general, companies' management associate programmes usually state working exp must be NO MORE than 2 or 3 years? So those with more working exp are ruled out?