Starting Pay for CS/Ministries 2020 Covid Batch

Originally Posted by Unregistered

You obviously don't know how ppl at MAS & EDB are being paid then... just continue to be salty because you wont ever be able to get in

I left MAS for the corporate world. For all its vaunted, MAS pays like crap starting only mid 3.

Originally Posted by Unregistered

I left MAS for the corporate world. For all its vaunted, MAS pays like crap starting only mid 3.

For some strange reason, ppl on this thread seem to think that MAS pays handsomely. I say let them get in and see the offered salary for themself

Originally Posted by Unregistered

Pray tell how you got annual package when your bonuses are variable according to the market? Did you simply multiply your monthly by 16 or 17? I’d hate to break it to you but count yourself lucky if you get more than 13 this month.

Also we’re talking about basic salaries which shouldnt include the bonus.

You see, you can't just cherry pick data to compare. If you say now is covid, then likewise in private sector you will also be seeing 0 bonus, salary cuts, or even job losses.

13 month bonus in CS is better than zero bonus, getting laid off in the private sector or even cutting pay.

Regardless, keeping the assumptions constant (i.e. pre-covid), comparing annual package gives a better comparison because it counts both variable and non variable compensation. If you want to assume covid situation, then apply the same cuts and discounts accordingly.

Simply looking at basic monthly is a very myopic view.

Has anyone take up a recent job opportunity, that belongs to the SGUnitedJobs category and may I ask how is the offered salary like compared to your last drawn?

Originally Posted by Unregistered

You see, you can't just cherry pick data to compare. If you say now is covid, then likewise in private sector you will also be seeing 0 bonus, salary cuts, or even job losses.

13 month bonus in CS is better than zero bonus, getting laid off in the private sector or even cutting pay.

Regardless, keeping the assumptions constant (i.e. pre-covid), comparing annual package gives a better comparison because it counts both variable and non variable compensation. If you want to assume covid situation, then apply the same cuts and discounts accordingly.

Simply looking at basic monthly is a very myopic view.

I’m the poster you quoted - I don’t disagree but my question was how would a fresh graduate being offered the job know of the annual package? The offer letter certainly doesnt say?

Bonus and everything is honestly variable. I’m questioning the assumptions behind the calculations. In any case, 16mths based on a 3.8k salary is 61k which matches his numbers suspiciously. What i’m saying is that MAS offers 3.6-3.8k for freshies thats all

anyone applying for minimasters?

Originally Posted by Unregistered

You sound really salty. Can't attest for EDB or ESG but i can guarantee that MAS fresh grad assoc total annhal package is 61k minimum.

Can confirm that the above is fake news. In fact, MAS does not pay 13th month or Civil Service Bonus. Only PB in Apr which is very low for average performance... less than 2 months

Originally Posted by Unregistered

You see, you can't just cherry pick data to compare. If you say now is covid, then likewise in private sector you will also be seeing 0 bonus, salary cuts, or even job losses.

13 month bonus in CS is better than zero bonus, getting laid off in the private sector or even cutting pay.

Regardless, keeping the assumptions constant (i.e. pre-covid), comparing annual package gives a better comparison because it counts both variable and non variable compensation. If you want to assume covid situation, then apply the same cuts and discounts accordingly.

Simply looking at basic monthly is a very myopic view.

Actually basic monthly and AWS are the main consideration to compare. Any variable bonus are not guaranteed i.e. if any it will be a bonus literally.

Has everyone found jobs? Is the pay as you would expect pre-wuhan or has it gone down?

[jackcrypto]

so far all my friends got 4k ish