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How much do you earn and save?

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  #241 (permalink)  
Old 02-06-2021, 03:45 PM
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Male in late 20s with no kids yet.
Gross monthly salary around $5k in a US MNC.
Take home around $4k.
Parents $800, savings $2k, transport (including cab) around $200.
Rest goes into food / entertainment.

Company offers voluntary employee stock purchase plan at 15% discount on US-listed company shares up to 10% of our gross salary. Any thoughts whether I should maximise it?
Hey which US MNC is that? Which industry?
Iím also working for a US MNC but mine doesnít seem to have such plans

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  #242 (permalink)  
Old 02-06-2021, 03:46 PM
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Yep. Niche reporting on loans, debt, IPOs. Bloomberg reporters starting pay is around $6k. Commodity reporters at Platts around $5k. Not uncommon to see senior reporters around 27-28 year old earning $7-8k.
How to be in such research reporting fields? As in what qualifications should one preferably have? Accountancy grad here

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  #243 (permalink)  
Old 02-06-2021, 03:53 PM
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Mid 20s

Annual compensation around 110K sgd

No expenses other than food and giving parents money

Thinking of investing part of salary to stocks and maybe buy a condo to rent out

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  #244 (permalink)  
Old 02-06-2021, 03:54 PM
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Mid 20s

Annual compensation around 110K sgd

No expenses other than food and giving parents money

Thinking of investing part of salary to stocks and maybe buy a condo to rent out
110k at 25 is insane. High Finance/SWE?
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  #245 (permalink)  
Old 02-06-2021, 03:58 PM
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110k at 25 is insane. High Finance/SWE?
Yup but I literally have no life...

Grind all the way to get job just to grind even more

Def not everyone's cup of tea
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  #246 (permalink)  
Old 02-06-2021, 04:01 PM
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Yup but I literally have no life...

Grind all the way to get job just to grind even more

Def not everyone's cup of tea
What are you currently doing?
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  #247 (permalink)  
Old 02-06-2021, 04:10 PM
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What are you currently doing?
M&A at BB

Ppl think very upz, but then i see rs easily earning double my salary then sianzz. Feel very unfufilled.

Got decent money for my age but so many others earning much more without working as long. No one to spend it with also. Go alone eat restaurant also let ppl laugh. Most of the time just work>sleep>work>sleep.

Just browse forum during downtime , thats my only hobby nowadays
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  #248 (permalink)  
Old 02-06-2021, 04:12 PM
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M&A at BB

Ppl think very upz, but then i see rs* easily earning double my salary then sianzz. Feel very unfufilled.

Got decent money for my age but so many others earning much more without working as long. No one to spend it with also. Go alone eat restaurant also let ppl laugh. Most of the time just work>sleep>work>sleep.

Just browse forum during downtime , thats my only hobby nowadays
I mean rs*
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  #249 (permalink)  
Old 02-06-2021, 04:17 PM
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Yeah I'm calling BS. The salary doesn't fit IB at a BB (too low), the writing is so simplistic (like a JC student), s/he doesn't go into any details about the job except the name, and a banker at a BB not spending anything except on food and allowance for parents? Please la. I know the job and I know the type.

Creating a fake persona on an anonymous forum is just going to make you feel worse about yourself. Try to be satisfied with what you have. It is always healthier to face reality than to pretend otherwise.
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  #250 (permalink)  
Old 02-06-2021, 04:24 PM
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Yeah I'm calling BS. The salary doesn't fit IB at a BB (too low), the writing is so simplistic (like a JC student), s/he doesn't go into any details about the job except the name, and a banker at a BB not spending anything except on food and allowance for parents? Please la. I know the job and I know the type.

Creating a fake persona on an anonymous forum is just going to make you feel worse about yourself. Try to be satisfied with what you have. It is always healthier to face reality than to pretend otherwise.
The compensation isnít too far off actually. Some BBs (or perhaps non-BB intl banks) have a lower base with bonuses dependent on deal flow.

100% with you on the writing and fake persona though.
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