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  #11 (permalink)  
Old 14-07-2011, 12:00 PM
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Finally have your history - you sound like that rude chap on the Cornell/SMU thread.

I'd agree and say that at $305K, you're underperforming in banking in your mid-30s given that you've been in banking your whole life. Not seriously underperforming, but mediocre enough that at the level where if the global banks start to cut back, you could on the pink slip line again.

Don't forget your rise in base is probably not your performance but the Dodd Frank increases so I would be circumspect about the $120K bonus projection this year...

Don't mind if you'll restrain the rudeness a little when you respond (if you're the other guy. if not sorry) Lets keep it civil.

Quote:
Originally Posted by Unregistered View Post
My increment is actually quite fast, and furious, and real. i work in a bank (yes real bank with a real job, and real pay)

All figures in SGD or SGD eq on annual basis
2004: grad with local undergrad+master and started at base of 40.6k and pro-rated half-year bonus of 8k
2005: was promoted and base up 11.7% to 45.6k and full year bonud at 18k
2006: base unchange and no bonus cos i left in May
2006-2007: student again
2007: work for a new firm in nyc. sign on bonus 50k usd, base 95k usd, half year stub year 25k usd
2008: base unchanged at 95k usd, no bonus cos i left in June
2008: back in SG working for another bank, base 110.4k, half year stuf bonus 40k
2009: promoted at mid year, base up 20% to 132.5k, full year bonus 92k; sideline business 15k
2010: promoted again end of 2009 but base unchanged, full year bonus 100k; sideline business 22k
2011: base up 10% to 145k, full year bonus expected 120k; sideline business expected 40k

So my base is up from 40.8k to 145k in 7 years, that's 19.8% per annual on geometric average. Total comp from 48.6k to (expected) 305k, or 30% per annum.

I think I am lucky, but I think I should make 500k a year, at least.

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  #12 (permalink)  
Old 14-07-2011, 01:58 PM
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don't know what you are talking about, and i am turning 31 this year. i'm happy with 300k+ a year, and i see it jumping to 500k+ when i hit 35.

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  #13 (permalink)  
Old 14-07-2011, 02:04 PM
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Default Annual Increment in Government Sector

Hi,

Anyone knows what is the annual increment for Ministries and Stat. Board? I heard it is 3 to 5% for Stat. Board. How about Ministries ($200 to $300 for Fresh grads to few years experience?)?

Thank you

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  #14 (permalink)  
Old 14-07-2011, 02:26 PM
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Quote:
Originally Posted by Unregistered View Post
Finally have your history - you sound like that rude chap on the Cornell/SMU thread.

Don't mind if you'll restrain the rudeness a little when you respond (if you're the other guy. if not sorry) Lets keep it civil.
You actually troll the forum to look out for profiles of ppl who pissed you off? talk about narrow-mindedness. gee..
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  #15 (permalink)  
Old 14-07-2011, 02:32 PM
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Quote:
Originally Posted by undiscern View Post
That is how it works in practice. That is why the Fresh graduate Y MUST job hop to another company after 3 years and his pay will be about 5k+
================================================== ====

Wow! Great insights from everyone who had contributed. At least I now confirm that there are MNC firms which underpay/negative their staff.

Note to others: Please stand firm against underpay/negative (less than 3% or below Consumer Price Index) firms. Move on to another firm which better value you.


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  #16 (permalink)  
Old 14-07-2011, 02:53 PM
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Quote:
Originally Posted by Unregistered View Post
My increment is actually quite fast, and furious, and real. i work in a bank (yes real bank with a real job, and real pay)

All figures in SGD or SGD eq on annual basis
2004: grad with local undergrad+master and started at base of 40.6k and pro-rated half-year bonus of 8k
2005: was promoted and base up 11.7% to 45.6k and full year bonud at 18k
2006: base unchange and no bonus cos i left in May
2006-2007: student again
2007: work for a new firm in nyc. sign on bonus 50k usd, base 95k usd, half year stub year 25k usd
2008: base unchanged at 95k usd, no bonus cos i left in June
2008: back in SG working for another bank, base 110.4k, half year stuf bonus 40k
2009: promoted at mid year, base up 20% to 132.5k, full year bonus 92k; sideline business 15k
2010: promoted again end of 2009 but base unchanged, full year bonus 100k; sideline business 22k
2011: base up 10% to 145k, full year bonus expected 120k; sideline business expected 40k

So my base is up from 40.8k to 145k in 7 years, that's 19.8% per annual on geometric average. Total comp from 48.6k to (expected) 305k, or 30% per annum.

I think I am lucky, but I think I should make 500k a year, at least.
Don't bluff.

31 this year means you are born in 1980.

How to graduate in 2004 when you are 24 with masters? Unless you are a girl or you are not a local boy.

TYPICAL local boy with ns (2.5 years if you are 1980) will ord when they are 21. Same year intake for uni and you will grad after 3 years (no honours) at 24. With masters, you should at least be 25/26.

Please tell me how.
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  #17 (permalink)  
Old 14-07-2011, 03:14 PM
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Quote:
Originally Posted by Unregistered View Post
Don't bluff.

31 this year means you are born in 1980.

How to graduate in 2004 when you are 24 with masters? Unless you are a girl or you are not a local boy.

TYPICAL local boy with ns (2.5 years if you are 1980) will ord when they are 21. Same year intake for uni and you will grad after 3 years (no honours) at 24. With masters, you should at least be 25/26.

Please tell me how.
there's nothing to bluff. my birthday is in oct, so when i ORD in may 2000 (airforce), i was 20 (going 21). In Aug 2000, I started NUS engineering, and they have this AMP (accelerated master program; not sure if they still have it now) that you can apply after 1st sem. if selected, you can get your BEng and MEng in 4Y-4.5Y. Condition is you need to maintain > 4.5 CAP. Ask anyone from NUS engineering.

So when i grad in 2004, i was 23 going 24. In 2011, I am 30 going 31.
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  #18 (permalink)  
Old 14-07-2011, 03:33 PM
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Quote:
Originally Posted by Unregistered View Post
there's nothing to bluff. my birthday is in oct, so when i ORD in may 2000 (airforce), i was 20 (going 21). In Aug 2000, I started NUS engineering, and they have this AMP (accelerated master program; not sure if they still have it now) that you can apply after 1st sem. if selected, you can get your BEng and MEng in 4Y-4.5Y. Condition is you need to maintain > 4.5 CAP. Ask anyone from NUS engineering.

So when i grad in 2004, i was 23 going 24. In 2011, I am 30 going 31.
u have 2 masters?
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  #19 (permalink)  
Old 14-07-2011, 03:39 PM
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Quote:
Originally Posted by Unregistered View Post
Hi,

Anyone knows what is the annual increment for Ministries and Stat. Board? I heard it is 3 to 5% for Stat. Board. How about Ministries ($200 to $300 for Fresh grads to few years experience?)?

Thank you
Stat board & ministry will usually follow nwc's guidelines.
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  #20 (permalink)  
Old 14-07-2011, 05:08 PM
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Quote:
Originally Posted by Unregistered View Post
there's nothing to bluff. my birthday is in oct, so when i ORD in may 2000 (airforce), i was 20 (going 21).
This is where it doesn't make sense.

How can you ord in 2000?

Born in 1980

1987/92 - p1/p6
1993/96 - s1/s4
1997/98 - j1/j2

enlistment in jan 1999, should ord in may 2001

where did that missing 1 year go?


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