Yr 1: 4,100
Yr 1: 4850 jump coy
Yr 2: 6100
Yr 3: 7200
Yr 4: 7200 (covid so no increment)
Yr 5: 12500

Your pay increased 5.5k yoy?
Csb

Fake lol too crazy

U jump from where to where? what industry? What role?

I won't exactly call it insane, as I think I'm one of the lower earners in my industry. But maybe for private uni grad, and compared to whatever median salary statistics the media comes up from time to time, I'd say it's decent.

Transitioned to buy-side in 2020, now more corp dev / strategy role, both at the analyst level, thus doing more of the grunt work of analysis and modelling.

Consulting.

Cool. This type of job got quota to hit or not?

lmao don't fake bruhhh

It seems like everyone is able to get 15% increment annually and between 20-50% increment when job hopping. Is this like the norm? My average increment is barely 3-4 % annually >15 years, and getting salary cut when switching jobs.

I'm sure you're a happy man.

Only when you reach the higher levels like principal / partner / MDP. They sell the projects, the working level (me & team) delivers.

Lol please joke. Using buyside to describe consulting. Try harder

It seems like he meant that he moved from consulting into buyside.

Not completely impossible, looking at the pay he was probably from big 4 or accenture. Impressive if he really did transition into buyside. Well done

May I know what is the diff between buyside and consulting?

This is closer to reality actually. Most companies give poor increments yoy.

Getting a pay cut when you switch jobs is pretty dismal though if it's for the same role/industry.

Not the same OP as the one who mentioned buy side. I am the one who went from 7.2 to 12.5k in Yr 5. In a consulting firm (not big 4) and just promoted to post-MBA level after 3 years.

You seem really quick to form judgements and I would like to understand why. A simple check on glassdoor on tier 1/2 strat houses will tell you the pay for pre/post-MBA levels, and a cross-check on LinkedIn will let you know how long it takes to get from pre to post.

Did you move from other houses into tier 1/2? 7.2 and your salary before that seems low for tier 1/2

Sounds about right actually. Tier 1s don't pay that well till you make associate anyway.

He started at 4+, unlikely in tier 2, which often pays better than mbb
Mbb itself would be 6-7 for entry level

Mbb is not 6-7. It's tier 2s that pay 6-7 to attract talent because they have to.

Mbb I would think would be closer to mid 4s about 3-4 years ago when I graduated.

What are you basing this on? Not the original op but I have worked in consulting and his numbers are fairly accurate

Mck was offering 5.6k and bain 7k not long ago, while Oliver wyman was offering 7.5k

ROFL mid 4s??? Hello pls dont talk crap on this forum.

Mckinsey: 5.6k
BCG: near 6k
Bain: 5.8k

The big bucks only come when you hit associate level. As usual, different pay at associate level depending on your MBA or lackof.

I thought the whole point of this forum was to talk crap :o

agree with you, 50% of whatever is typed here is BS

You are right ... they discounted my experience in my initial job so put me as a "project analyst" aka probation for 6 months.

Bumped me up to 6+K after that 6 months to be on par with undergrads... 7.2 was my salary at the level in between undergrad / post-MBA ... i.e. SAC / SA / SBA or JA in bain / bcg / mck terms.

OP: Chill dude. your numbers are correct. However, my coy pays the same at associate level whether or not you have MBA, at least in APAC region. In the US I heard it's differentiated.

Your coy in 1 of the coys i mentioned?

2016 - DBS Tech Program ( It wasn't called SEED back then, forgot what its called )
Pay: 3.8k

2018 - Back-end Java Programmer
Pay: 4.4k

2019 - Tech Lead
Pay: 4.8k

Left company mid 2020, joined ByteDance

2020 - Senior Software Engineer
Pay: 8.2k

Got fired around late 2020... ( Internal team shuffle )

Jobless for 6-7 months+

2021 - Software Engineer 2 ( at some trash local company )
Pay: 4.1k...

Bro…how you can fired from bytedance… anyway software engineer can ask for more bah dont settle for less

Sorry to hear this and hope you are coping well! How's the bonuses in your current coy?

Any uni grads from electrical engineering pay progression? my expectation for starting is 3 - 3.2k. is that alright? i dont want to expect too high that i will not be able to get a job.

Can lah. Help me fix my hair dryer I pay you 10 dollar tips :)

EE, if you are good at python / programming its advisable you should pivot into that field if you want a higher starting salary.

Unsure about engineering job pays, maybe you can go micron, they offer high salaries but attrition is quite high

sadly, my programming isnt that great. I was thinking of trying out micron or other semiconductor companies.

if you don't have much choices I guess micron or semi conductors are usually easy to get in (you can use these as safety net job choices)

if I were you I'll probably improve my programming in the meantime (since its a in-demand skill) unless this is something you really hate.

anyways EE degree can be quite flexible, don't limit yourself to only engineering jobs. Friend from EE did machine learning, I believe the mathematical background from ee can allow you to pivot to other fields even like finance. Go find out what you like

If others put 2.5k, you think you will ever get the job? The competition is real my friend in today's global market.

Stop spreading fear and uncertainty lah boomer. Fresh grads in the company Im working in already getting 4.5k. Just need quantitative background from a local uni and able to do simple coding and present yourself decently during the interview.

2.5k only for useless sme with lowball boomer bosses.

sadly, if i were to go around that rate,i might as well dont go uni. go work after ns then now have 3 years experience already.

4.5K too low already lah. Many other skillsets pay higher than quantitative background from locai uni and doing coding.

Agree. I'm an EE grad, but entered IT industry straightaway.
Started at 3.4k but hit 9k after 5 years, and now about 16k after another 4.5 years.