Dude I worked in IT dept in bank before. Yes, personal banking is more like insurance or financial services to retail customers but its still considered under FO. I think this answers the qns for ppl who dont believe the dip guy.

And I’m in BB FO? Private banking isn’t personal banking. And personal banking isnt considered FO (pls direct me to real FO folks who think otherwise). Not sure which bank you worked at previously, but JP/GS/MS (top-tier BBs - where OP said he’s from) don’t offer consumer banking services here.

Anw, let’s move on from this.

Dude even banks like citibank are considered BB and they have their consumer banking services. I dont see any mention of OP saying he’s from private banking. Ya lets move on from this banking is overrated.

scroll back 1-2 pages back. op mentioned PB and top-tier BB (which Citi isnt). besides, Citi is divesting its retail banking arm in many markets (incl. SG)

Just sharing my experience as another data point. I graduated in 2015 from NUS.

1st year: part time role in a startup, S$1,000/mth working 50%
2nd year: converted to contract role in same startup, S$3,200/mth
3rd year: promotion, contract S$3,650/mth
4th year: moved to MNC, perm S$4,400/mth
5th year: no change, S$4,400/mth
End of 5th year, moved to another MNC, S$6,750/mth contract role

Really big jump at the end of your 5th year. What would you attribute back to (skills you acquired/diff function/diff industry?)

Jc or poly doesnt matter. Can get into uni that is not distance learning or any SIM/SUSS crap then say.

Well, I have seen some SIM/SUSS peeps earning more than than local uni graduates before. Not many, but they exist.

It's mostly due to the fact that I moved from a perm role to a contract role. Large companies typically pay a premium for contract roles as they are time-bound and you lose the job security that comes with perm roles, and thus contractors are renumerated accordingly for the additional risk.

You can think about it as a 20% pay increase from me changing companies, yes this can be attributed to the skills and unique experience I had with the first MNC.

Add on to that an additional 20% for the increased risk for the contract role.

Bigot alert - it’s about attitude at the end of the day, and I think even if you earn a million, you are not a pleasant person by looking down on others, even those who achieved some success with distance learning. Everyone have the same destination but a different journey. Peace.