How much do you earn and save?

#**191** (**permalink**) 12-01-2021, 10:35 PM

Quote:

Originally Posted by Unregistered

FO, BB.

I am at a S&T desk with a TMT group. Went in straight from an analyst grad programme.

I don’t know whether people inflate their salary but this is what I’m earning.

You sure you at a BB not? Why so low one even with 2 years exp

#**192** (**permalink**) 12-01-2021, 10:48 PM

Quote:

Originally Posted by Unregistered

You sure you at a BB not? Why so low one even with 2 years exp

Wrong dept? Poor performance? Beats me, my fellow batch analysts more or less are in the same pay bracket.

Comp package in my BB have largely been skewed against junior analysts. The pay jump will only happen after making associate which is typically on the 3rd year. Even so, there is a region-wide freeze on promotions.

I have no reason to lie.

#**193** (**permalink**) 12-01-2021, 10:50 PM

Quote:

Originally Posted by Unregistered

Wrong dept? Poor performance? Beats me, my fellow batch analysts more or less are in the same pay bracket.

Comp package in my BB have largely been skewed against junior analysts. The pay jump will only happen after making associate which is typically on the 3rd year. Even so, there is a region-wide freeze on promotions.

I have no reason to lie.

Which bank? Know a couple of top-tier BB FO fresh associates (promoted around Aug/Sep), they didn’t mention a promotion freeze

#**194** (**permalink**) 12-01-2021, 10:55 PM

Quote:

Originally Posted by Unregistered

Which bank? Know a couple of top-tier BB FO fresh associates (promoted around Aug/Sep), they didn’t mention a promotion freeze

Promotions at junior pay tiers still do happen for first/second year analysts.

But I highly doubt anyone made the jump to Associate (excluding MBA hires). Well not at Deutsche and BofA anyway.

#**195** (**permalink**) 15-01-2021, 08:47 PM

Quote:

Originally Posted by Unregistered

Which bank? Know a couple of top-tier BB FO fresh associates (promoted around Aug/Sep), they didn’t mention a promotion freeze

sounds like ubs

megalomaniac · #**196** (**permalink**) 16-01-2021, 05:01 PM

Wow lots of people here making 40k a month. I'm just a poor pleb.

I'm a fresh grad, full time job as a business analyst in MNC. 4.5k base with 3.6k take home. I teach tuition part time on weekends with average monthly income of 1.5k.

So in total
Take home: 5.1k
Insurance: 300
Monthly expenditures: 800
Investments: 3k
Net savings: 1k

Annual fixed bonus of 3 months which I entirely save and invest.

#**197** (**permalink**) 16-01-2021, 06:45 PM

into my 5th year of work at 29, earning early 5k+, and trying my best to save and invest aggressively at about 80-85%(cpf included) of it for these first few years because I am gunning real hard for FIRE before 40. investment portfolio at about 400k today

#**198** (**permalink**) 16-01-2021, 06:48 PM

Quote:

Originally Posted by Unregistered

into my 5th year of work at 29, earning early 5k+, and trying my best to save and invest aggressively at about 80-85%(cpf included) of it for these first few years because I am gunning real hard for FIRE before 40. investment portfolio at about 400k today

From one bro to another, just don't get a gf if not cash flow tight....

#**199** (**permalink**) 16-01-2021, 06:55 PM

Quote:

Originally Posted by Unregistered

From one bro to another, just don't get a gf if not cash flow tight....

yea words of wisdom, which was what i realised 2 months ago. i dont have to rush to get a gf, if she comes by it's great and a bonus, if not, it's even better for my wealth building. But eventually maybe after 1-2years, i can be more relaxed and save much lesser, since my initial goal was to get a strong foundation the first few years for it to compound into the future.

#**200** (**permalink**) 17-01-2021, 05:08 PM

Is Covid creating more job opportunities for Singaporeans to be employed?

According to current MOH statistics, we are still importing a large majority of Covid cases (including the more infectious strains) from India, in part due to the CECA agreement with India, which at the time of writing is the SECOND HIGHEST infected country in the world. This indirectly leads to more healthcare demand and create more healthcare jobs for locals!

CECA is thus creating more job opportunities for us, by increasing our local Covid numbers and ensuring doctors and nurses WILL NOT be out of jobs!

Further, increasing CECA flights to Singapore will also help stress test our world class healthcare system, by ensuring the Second Covid Wave will not happen from an imported foreign Covid case.

Therefore, importing more CECA EP and WP foreigners to our booming local economy is a good thing for Singapore because any Covid infection they can bring helps create more jobs for Singaporeans. Agree?

Cases for 15 Jan 2021: s://imgur.com/lWcBvqD