Starting salary
 

Since anonymous posts are allowed pls state your company and starting salary:eek:

IT Executive
Futures Trading

6 mths - $2150

Risk management
6k
Investment Bank

signed on airforce, joint poly diploma scheme.. left after 7 years at SGD 2750

intern at deutsche bank.. SGD9800

DSTA software engineer 2865 more than 10 years ago.

Now bank technology in foreign bank 9k, lower than the intern in deutsche bank!

NCS - Application Consultant (Fresh-No Exp) - SGD2700

Hope it helps for those negotiating for salary

So high? inclusive of housing allowance?
in Sg?

Engineer
 

ST ELECTRONICS LTD

ENGINEER (NO EXP) - $3200

They will try to put you under contract scheme though, which means for the next 1 to 2 years there will be NO PAY INCREMENT.

If you perform well for the next 1 to 2 years of your contract, your contract will be EXTENDED. Nope, they will not want to make you a permanent staff there 'cos they expect you to demand for pay increments.

ST ELECTRONIC from where?
-Ang mo kio?
-Paya Lebra?
-Jurong east?

$3200 basic is for what degree class?(1st class, 2nd upper, 2nd lower, 3 class, pass w merit or pass degree?)

ING Bank
Internal Audit
3500

Republic of Singapore Airforce
Air Engineering Officer
$4700 (fresh, no exp)

SAF - Graduate Scheme B (HiPos go to scheme C)

Officer Cadet TraineeGraduate
Graduate with Merit $ 3020
Graduate with Honours $ 3340
Graduate with Good Honours $ 3630

Lieutenant
Graduate $3520
Graduate with Merit $3620
Graduate with Honours $ 3740
Graduate with Good Honours $ 4000

Captain
Graduate $3800
Graduate with Merit $3970
Graduate with Honours $ 4180
Graduate with Good Honours $4530

so how to start at 4700 for AEO?

now no more AEO already, AEO now are AFE(air force engineer) under MDES

fresh degree grad start with rank of ME4

Well, $4760 is for 1st class honors people only in ME4

Banking Sector Payout
 

Started work as a fresh overseas grad in 2004 in one of the local banks. Starting pay was $2,350 in database marketing department. Been through couple of banks. Current pay now is $5,800 with average bonus of about 4 months. Pay is nothing fantastic compared to the many here who I read have annual pay of >$100k. I'm staisfied with what I'm getting though. Hope this is helpful for those thinking of joining the banking sector.

just curious, what's the jobscope of a db marketing person like?

DSTA software engineer ~ 3k 6 yrs ago.
Now bank technology in foreign bank 7k, lower than the intern in DB!
And much much lower than the superheroes in this forum!

Database Marketing
 

In short, we access the database of the bank to analyse and retrieve data which can assist the marketing department to make informed marketing decisions. If you want to know more, you can search for job sites using words like database marketing or data/customer analytics.

Local electronics manufacturer as software engineer: 2.6k (10 years ago)
Went to 6k as manager after 8 years.
Average yearly bonus: < 1mth. :(

ST Electronics pay sucks. I've had a couple of ex-colleagues from there. Even the CEO is making a measly 600k pa. But then with this kind of pay structure, it makes sense to be a shareholder rather than an employee. :)

NOT only from electronic,
in fact the pay structure of whole of ST(aero, elec,marine,kinetic) all sux, annual increment 2-5%, even promotion also 4-6% = fug up

Note that there is no such thing as promotion will give u +$500 to +$1000 increment in ST

intern can get so high pay???? what type of intern u doing?? :)

wow, that is bad. I got a promotional increment of more than $3000 last year from my company (US MNC). Really incredible, I think. But they are trying to retain me as far as I know because some competitors were knocking on my door then.

wow, this is good. Really incredible, which industry and position r u in?:eek:

ST Electronic's Seah Moon Ming got 4million dollars for 2010 last year. So don't talk cock can?

$5k law firm

your promotional increment is even more than my starting pay of $2900 in year 2007, congrats for you.

Are you working in Engineering sector or Financial sector ?

Started at $2k doing bank operations in a foreign bank 6 years ago.

Now $5k doing corporate credit for another foreign bank (4th bank i've worked in since starting 6 years ago).

Not superhuman salary but pretty ok for now i guess.

1.6K on 2003 as lab engineer ....
now only 3k as head of the lab....

fr what i see.. bank is the place where money are..

me starting pay 1.5k. nw 2.7 after 6 yrs as executive.. but still consider low.. as now starting pay for poly grad already 1.8-2k liao.

The pay increment is quite good despite you are only poly grad.
2700-1500 = 1200 in 6 years, mean each year annual increment is $200.

I am from local(GLC), starting 2900, after 3 years + 1 promotion = total increment less than $500, i some more is local degree holder......

$1.6k as an executive in a local bank in 2007

Now $2.8k as an analyst in the same bank.

Could probably get at least 4k basic if I move banks.

I'm in sales though...so basic doesn't really count for much

Only diploma holder btw

J
 

i have 3 yr experience & working as operation executive. Salary is 2900. Is it low??

I think this is pretty ok pay. Have you compared yourself with those around you? Are you in a bank ?

3.5 years exp in GLC engineer

basic slightly less than $3400
annual is mid-50k.


I think compare to those work 3.5 years in the civil service(same age same years of exp), their basic is close to $4500, with better annual increment and better promotional increment. I lose out to them!!

foreign bank IT starting this july
55k per annum

That's a pretty good pay! How about your peers? Are they all getting around the same pay? What's your "guesstimate" of the average pay among all your peers?

That means your variable bonus is 5 months (excluding 1mth AWS). Thats very good bonus i must say.

I'm in the finance industry, started off in a global bank in mid 2007 but moved to another finance institution (not a bank) 1 year ago. Currently at $4400/mth basic. No AWS and VB is only around 2 months.