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-   -   For those with 2-5 YOE, what is your salary? (https://forums.salary.sg/income-jobs/13727-those-2-5-yoe-what-your-salary.html)

tokkoksingsong 06-06-2021 08:31 PM

For those with 2-5 YOE, what is your salary?
 
For those who graduated 2-5 years ago, curious to know how everyone is doing in terms of their salary.

Do specify the industry, job scope, # of YOE, starting salary and how you reached your current salary (annual revision, promotion, hop company, etc).

Thanks!

zero_88 06-06-2021 09:58 PM

My path, not include bonus

2018 - Engineer - $3500 - 28 year old
2019 - Analyst - $4400 (change job)
2020 - Analyst - $4440 (year end increment)
2021 Jun - Analyst - $4900 31 year old (pay adjustment on June)

Unregistered 06-06-2021 10:01 PM

Quote:

Originally Posted by zero_88 (Post 172827)
My path, not include bonus

2018 - Engineer - $3500 - 28 year old
2019 - Analyst - $4400
2020 - Analyst - $4440
2021 Jun - Analyst - $4900 31 year old

Nice progression sia, thats a 40% increase over 3 years which is pretty hard to come by. You stay in the same company throughout or you jump?

Unregistered 06-06-2021 10:11 PM

Graduated with a part time degree two years ago. 31 this year. All are technical roles.
2012: $1700
2014: $2900
2021: $3700 ( still diploma role with around 3-5% increment yearly)
2021: $4550 ( new job salary. Starting soon as public servant)

zero_88 06-06-2021 10:15 PM

Quote:

Originally Posted by Unregistered (Post 172829)
Nice progression sia, thats a 40% increase over 3 years which is pretty hard to come by. You stay in the same company throughout or you jump?

2018 - Engineer - $3500 - 28 year old
2019 - Analyst - $4400 (change job)
2020 - Analyst - $4440 (year end increment)
2021 Jun - Analyst - $4900 31 year old (Mid year adjustment)

Unregistered 06-06-2021 10:58 PM

Quote:

Originally Posted by tokkoksingsong (Post 172811)
For those who graduated 2-5 years ago, curious to know how everyone is doing in terms of their salary.

Do specify the industry, job scope, # of YOE, starting salary and how you reached your current salary (annual revision, promotion, hop company, etc).

Thanks!

Foreign bank back office

2017 - 4583
2018 - 4583 (no increment as joined in July 2017)
2019 - 5000 (9% increment)
2020 - 6000 (20% increment - promotion)
2021 - 7500 (25% increment - promotion)

Unregistered 06-06-2021 11:04 PM

Quote:

Originally Posted by Unregistered (Post 172836)
Foreign bank back office

2017 - 4583
2018 - 4583 (no increment as joined in July 2017)
2019 - 5000 (9% increment)
2020 - 6000 (20% increment - promotion)
2021 - 7500 (25% increment - promotion)

thats insane growth from 2019 - 2021.. were you part of a grad program? how did you get promoted annually (is this a norm in your prog/bank?)?

Unregistered 06-06-2021 11:23 PM

Quote:

Originally Posted by Unregistered (Post 172837)
thats insane growth from 2019 - 2021.. were you part of a grad program? how did you get promoted annually (is this a norm in your prog/bank?)?

Yes graduate program. For good performers. This cannot be classified as insane la. The following is my cohort FO peer progression. Iím sad that I canít even cross his starting pay.

2017 - 9000
2018 - 9000
2019 - 12000
2020 - 16666
2021 - 20000

justadev 06-06-2021 11:25 PM

Quote:

Originally Posted by zero_88 (Post 172832)
2018 - Engineer - $3500 - 28 year old
2019 - Analyst - $4400 (change job)
2020 - Analyst - $4440 (year end increment)
2021 Jun - Analyst - $4900 31 year old (Mid year adjustment)


Quote:

Originally Posted by Unregistered (Post 172829)
Nice progression sia, thats a 40% increase over 3 years which is pretty hard to come by. You stay in the same company throughout or you jump?

the IT industry, this is within easy reach for an average person.


This also depends on industry you are in, e.g banking it's known for it's higher pay, but if I'm correct they work long hours too. (pinch of salt, I'm not from the banking sector so might be wrong)

Take into account your work life balance too than just the monthly figures.

5k/mth, works 8 hours a day
vs
7k/mth, works 12 hours a day

Counting hourly rate, the 7k is getting paid lower.

justadev 06-06-2021 11:41 PM

IT, developer, started mid 2016

yoe - salary
0 - 3600
1.5 - 4400 promote
2 - 5300 promote
2.5 - 5400 increment
2.75 - 6500 change job
3.75 - 7250 change job
4.75 - 7450 increment

and hopefully jumping soon, in the process of interviewing right now

--

Quote:

Originally Posted by Unregistered (Post 172842)
Yes graduate program. For good performers. This cannot be classified as insane la. The following is my cohort FO peer progression. I’m sad that I can’t even cross his starting pay.

2017 - 9000
2018 - 9000
2019 - 12000
2020 - 16666
2021 - 20000

To TS,

There will be people with 'insane' salaries.
1. Either they are bullshiting, you know it's online.
2. Or those are your 1 in a million kind of people.

Advice to not bother about those 'insane' salaries, if you always compare yourself to the top people, you probably will never be contented with what you have.

Unregistered 07-06-2021 12:14 AM

Quote:

Originally Posted by Unregistered (Post 172842)
Yes graduate program. For good performers. This cannot be classified as insane la. The following is my cohort FO peer progression. Iím sad that I canít even cross his starting pay.

2017 - 9000
2018 - 9000
2019 - 12000
2020 - 16666
2021 - 20000

Are they much better than you (skills/knowledge wise) and do they grind much harder (in terms of hours worked etc)?

Unregistered 07-06-2021 09:48 AM

Quote:

Originally Posted by Unregistered (Post 172848)
Are they much better than you (skills/knowledge wise) and do they grind much harder (in terms of hours worked etc)?

Much better as they belonged to the top 5%. Usually top MBA / Ivy league oxbridge credentials. Local Uni must be top of the top to even have a sniff.

In terms of hours worked they commit 50% more but at their earning trajectory most can retire early at 40 or start their own businesses.

Someone mentioned here did mention don't compare yourself with these elites as you will be miserable but the idea is to give you an awareness of the salary growth of normal banking folks vs elite banking folks. Ignorance is not bliss and knowledge is power. Living in denial and being deluded is the worst, aka an ostrich burying its head in the sand and pretending it is doing ok in the midst of danger.

If you are in IT, then you should find out more from those working in FAANG for an idea of what to expect if you have the luck to enter those when you job hop.

Unregistered 07-06-2021 10:10 AM

1st: 4100
2nd: 4500
3rd: 7000
4th: 8000

Same company throughout. Promotion at 3rd year.

Unregistered 07-06-2021 11:28 AM

Quote:

Originally Posted by Unregistered (Post 172860)
Much better as they belonged to the top 5%. Usually top MBA / Ivy league oxbridge credentials. Local Uni must be top of the top to even have a sniff.

In terms of hours worked they commit 50% more but at their earning trajectory most can retire early at 40 or start their own businesses.

Someone mentioned here did mention don't compare yourself with these elites as you will be miserable but the idea is to give you an awareness of the salary growth of normal banking folks vs elite banking folks. Ignorance is not bliss and knowledge is power. Living in denial and being deluded is the worst, aka an ostrich burying its head in the sand and pretending it is doing ok in the midst of danger.

If you are in IT, then you should find out more from those working in FAANG for an idea of what to expect if you have the luck to enter those when you job hop.

Possible for back office to break into front office?

Unregistered 07-06-2021 12:15 PM

Quote:

Originally Posted by Unregistered (Post 172873)
Possible for back office to break into front office?

Which specialization you want to join in Front office? Do u have any relevant skills?

Unregistered 07-06-2021 01:15 PM

Quote:

Originally Posted by Unregistered (Post 172877)
Which specialization you want to join in Front office? Do u have any relevant skills?

Not in finance but am just curious about the possibility of a transition. Say you have been supporting traders and have experience supporting wealth managers/asset managers as well, possible to transition to S&T or AM/WM?

Unregistered 07-06-2021 01:22 PM

Quote:

Originally Posted by Unregistered (Post 172888)
Not in finance but am just curious about the possibility of a transition. Say you have been supporting traders and have experience supporting wealth managers/asset managers as well, possible to transition to S&T or AM/WM?

Support them in what ways? Look, it all depends on whether you have the relevant skills that they have isnt it. You can go on and on about moving from BO to FO but it all depends on whether you have the necessary skills right?

For example are you cognizant of financial modelling? know how to calculate basic stuff like bond yields, capm, read balance sheets? Do you know how to perform your own analysis given a financial report in order to determine what actions to take: sell buy hold? Do you know the various assets class and their respective target audience?

Unregistered 07-06-2021 01:24 PM

Quote:

Originally Posted by Unregistered (Post 172864)
1st: 4100
2nd: 4500
3rd: 7000
4th: 8000

Same company throughout. Promotion at 3rd year.

What industry and role? That's a lot for an internal promotion.

Unregistered 07-06-2021 01:29 PM

Quote:

Originally Posted by Unregistered (Post 172894)
What industry and role? That's a lot for an internal promotion.

Tech professional services.

Unregistered 07-06-2021 01:30 PM

Quote:

Originally Posted by Unregistered (Post 172893)
Support them in what ways? Look, it all depends on whether you have the relevant skills that they have isnt it. You can go on and on about moving from BO to FO but it all depends on whether you have the necessary skills right?

For example are you cognizant of financial modelling? know how to calculate basic stuff like bond yields, capm, read balance sheets? Do you know how to perform your own analysis given a financial report in order to determine what actions to take: sell buy hold? Do you know the various assets class and their respective target audience?

I get where you are coming from, but isnít it also dependent on the team? For instance, IBD would be more focused on financial modelling of all kinds; S&T is about asset pricing and AM /WM is more on portfolio management. Some roles are also not as technical (e.g. sales people in WM/AM/S&T). Not 100% sure on this though haha.

Have you personally seen people make the switch to the front office? If so, what roles did they end up in and what skills did they have to possess?

Unregistered 07-06-2021 02:04 PM

Quote:

Originally Posted by Unregistered (Post 172897)
I get where you are coming from, but isnít it also dependent on the team? For instance, IBD would be more focused on financial modelling of all kinds; S&T is about asset pricing and AM /WM is more on portfolio management. Some roles are also not as technical (e.g. sales people in WM/AM/S&T). Not 100% sure on this though haha.

Have you personally seen people make the switch to the front office? If so, what roles did they end up in and what skills did they have to possess?

Yeah so it depends right. That is why i asked what specialization does he want to go to?

Unregistered 07-06-2021 02:16 PM

Quote:

Originally Posted by Unregistered (Post 172911)
Yeah so it depends right. That is why i asked what specialization does he want to go to?

Letís say we are talking about sales/RM roles in S&T and AM. Have you seen anyone lateral successfully from the BO to the FO?

Unregistered 07-06-2021 02:17 PM

SIM UOL Finance (no honours)

Working in ib

Y1 4500
Y2 5000
Y3 8900 (double promotion)
Y4 10500 (promotion)

I have 5 NUS/NTU trainees under me. Make sure I tekan them!

Unregistered 07-06-2021 02:30 PM

Quote:

Originally Posted by Unregistered (Post 172915)
SIM UOL Finance (no honours)

Working in ib

Y1 4500
Y2 5000
Y3 8900 (double promotion)
Y4 10500 (promotion)

I have 5 NUS/NTU trainees under me. Make sure I tekan them!

Hahaha this thread is about to be hijacked by the trolls soon... SIM vs NUS trainee

Very annoying to see those 2 everywhere - can the moderators do something?

Unregistered 07-06-2021 02:33 PM

Quote:

Originally Posted by Unregistered (Post 172918)
Hahaha this thread is about to be hijacked by the trolls soon... SIM vs NUS trainee

Very annoying to see those 2 everywhere - can the moderators do something?

Honestly it seems to me that thereís just this one pissed off local uni kid (NUS or not) going around replying to himself.

Anyway, I am earning ~6.5k/month in tech consulting. 4 YOE. Started at 3.8k.

Unregistered 07-06-2021 02:40 PM

Quote:

Originally Posted by Unregistered (Post 172919)
Honestly it seems to me that thereís just this one pissed off local uni kid (NUS or not) going around replying to himself.

Anyway, I am earning ~6.5k/month in tech consulting. 4 YOE. Started at 3.8k.

Accenture. Why didnt count in the allowance? It is given to you every month without claiming anyway.

Unregistered 07-06-2021 02:46 PM

Quote:

Originally Posted by Unregistered (Post 172919)
Honestly it seems to me that thereís just this one pissed off local uni kid (NUS or not) going around replying to himself.

Anyway, I am earning ~6.5k/month in tech consulting. 4 YOE. Started at 3.8k.

Thanks for sharing. Pretty good progression you got there, from 3.8k to 6.5k within 4 years, great work! Would you say this is pretty common/normal for tech consulting? Are you with a large mnc firm or sme?

Unregistered 07-06-2021 03:05 PM

Quote:

Originally Posted by Unregistered (Post 172923)
Thanks for sharing. Pretty good progression you got there, from 3.8k to 6.5k within 4 years, great work! Would you say this is pretty common/normal for tech consulting? Are you with a large mnc firm or sme?

Big tech consulting player (not Accenture though). I think im considered above average, was promoted twice (currently a team lead).

Unregistered 07-06-2021 03:08 PM

Quote:

Originally Posted by Unregistered (Post 172926)
Big tech consulting player (not Accenture though). I think im considered above average, was promoted twice (currently a team lead).

Cognizant
Capgemini?

Unregistered 07-06-2021 04:49 PM

Quote:

Originally Posted by Unregistered (Post 172927)
Cognizant
Capgemini?

IBM? Infosys? Tata?

Unregistered 07-06-2021 08:30 PM

Local uni accounting grad, male, started with the typical Big 4 route with insane 15-hour work days.

2017: $3000
July 2018 increment: $3250 (+1 mth bonus)
Jul 2019 increment: $4200 (+2 mth bonus)
Jan 2021 (increment delayed 6 months cos of poor economy): $4800 (+2 mth bonus)

Mar 2021 change job: $5300 (+4 mth bonus package)

Unregistered 07-06-2021 08:34 PM

Quote:

Originally Posted by Unregistered (Post 172965)
Local uni accounting grad, male, started with the typical Big 4 route with insane 15-hour work days.

2017: $3000
July 2018 increment: $3250 (+1 mth bonus)
Jul 2019 increment: $4200 (+2 mth bonus)
Jan 2021 (increment delayed 6 months cos of poor economy): $4800 (+2 mth bonus)

Mar 2021 change job: $5300 (+4 mth bonus package)

Congrats on the mammoth jump from 36k p.a to 85k p.a. within 4 years? Mind sharing how you snag your current job, which industry, what role?

Unregistered 07-06-2021 08:35 PM

Quote:

Originally Posted by Unregistered (Post 172965)
Local uni accounting grad, male, started with the typical Big 4 route with insane 15-hour work days.

2017: $3000
July 2018 increment: $3250 (+1 mth bonus)
Jul 2019 increment: $4200 (+2 mth bonus)
Jan 2021 (increment delayed 6 months cos of poor economy): $4800 (+2 mth bonus)

Mar 2021 change job: $5300 (+4 mth bonus package)

What are you doing currently and at where?

Unregistered 08-06-2021 12:28 AM

2019 - 5.7
2020 - 7.2
2021 - 9.0

Data science, started overseas and moved back this year.

Unregistered 08-06-2021 01:20 AM

Lse Clementi in Economics . Trade analyst.

2018 5000
2019 7000
2020 9000
2021 12500

Unregistered 08-06-2021 09:21 AM

Quote:

Originally Posted by Unregistered (Post 173001)
Lse Clementi in Economics . Trade analyst.

2018 5000
2019 7000
2020 9000
2021 12500

Fack off la. Go choke on some d10cks

Unregistered 08-06-2021 10:17 AM

My humble journey thus far:

2018 - 3100
2019 - 3600
2020 - 4250
2021 - 5500
2021 (new job) - 6500

Industry: Banking, non-MA regular farmer route

Unregistered 08-06-2021 10:34 AM

Quote:

Originally Posted by Unregistered (Post 173021)
My humble journey thus far:

2018 - 3100
2019 - 3600
2020 - 4250
2021 - 5500
2021 (new job) - 6500

Industry: Banking, non-MA regular farmer route

Not bad at all! Local/foreign & function?

Unregistered 08-06-2021 11:27 AM

Quote:

Originally Posted by Unregistered (Post 173023)
Not bad at all! Local/foreign & function?

Previously was in a local firm. New role is foreign. Function wise it is within the retail/consumer WM space.

Unregistered 08-06-2021 11:30 AM

2017 - 3000
2018 - 3400
2019 - 4200
2020 - 4700 / 7000 (change 2 job)
2021 - 10000


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