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-   -   SIM-UOL fresh grad starting pay (https://forums.salary.sg/income-jobs/1491-sim-uol-fresh-grad-starting-pay.html)

Unregistered 06-02-2016 01:14 PM

Quote:

Originally Posted by Unregistered (Post 79423)
Folks she is just doing a support/backoffice job in a small startup, you guys make it sound like she is one of those rainmakers in the private equity and hedge fund world.

There is no need to make ugly accusations on how she slept her way up since she has no real achievement to speak of in the first place.

I agree with this.. but as a new poster on the subject, her lack of ethics i.e. honesty might mean that she is fully capable of doing shady things like sleeping around to get ahead.

Then again, we should also note that not everyone who sleeps around gets ahead.

Unregistered 06-02-2016 01:28 PM

Quote:

Originally Posted by Unregistered (Post 79379)
.linkedin.com/in/landa-ho-a60a2356?authType=name&authToken=7sBj&trk=prof-sb-browse_map-photo

just another SIM bs artist

Unregistered 06-02-2016 05:29 PM

Actually i do not really get the people in this thread.

She is not padding her CV. Her achievements are exactly what is written in her linked profile.

Simbians seem to think she is very sakki because got a few finance words in there and they are easily impressed.

Others seem to think she is abusing the LSE word, when any local uni biz grad just take one look and know it is a SIM profile, because it is really just an admin role.

I do agree that she is a looker. But suddenly claiming she sleeps her way up is totally uncalled for.

Unregistered 06-02-2016 10:57 PM

Quote:

Originally Posted by Unregistered (Post 79449)
Actually i do not really get the people in this thread.

She is not padding her CV. Her achievements are exactly what is written in her linked profile.

Simbians seem to think she is very sakki because got a few finance words in there and they are easily impressed.

Others seem to think she is abusing the LSE word, when any local uni biz grad just take one look and know it is a SIM profile, because it is really just an admin role.

I do agree that she is a looker. But suddenly claiming she sleeps her way up is totally uncalled for.

first time i heard of a girl who sleep her way up to do admin support in a small fund company. some ignorant forumers here really like to make mountain out of mole hill.

Unregistered 06-02-2016 11:22 PM

1618
 
Honestly, quite a job hopper.

Unregistered 07-02-2016 11:54 AM

Quote:

Originally Posted by Unregistered (Post 79463)
first time i heard of a girl who sleep her way up to do admin support in a small fund company. some ignorant forumers here really like to make mountain out of mole hill.

users in this thread are mostly elites, you know??! Ivy league grads or dudes bringing home $100k each month in their mid-late 20s...!!!!

they r high achievers irl !!

Unregistered 07-02-2016 04:28 PM

To put things in perspective, only about less than 30% of each batch of Singaporeans make it into local unis. Maybe 1% in Ivy League or good UK unis (Oxbridge and LSE).

Of the 30% in local unis, majority would graduate without Honours and therefore end up with jobs that earn them maybe high 2ks and Low 3ks salary. Even for those with Honours, most would be in non-top-finance (front office or at least get into management associate Programmes), non-law, non-medicine, non-dentistry jobs and thus earn Low 3ks.

Therefore only a very small minority of Singaporeans would make big bucks in life. Perhaps there is a disproportionate representation of big earners on this forum because big earners tend to compare more. Or it could be just a lot of bs on this forum.

Finally, for the 70% who are unable to make it into local unis, the vast majority end up in normal jobs earning mid-high 2ks starting. Some succeed in starting their own business or taking over their parents business and earn big bucks.

This is the practical reality of the singaporean society.

Unregistered 07-02-2016 05:13 PM

Quote:

Originally Posted by Unregistered (Post 79492)
To put things in perspective, only about less than 30% of each batch of Singaporeans make it into local unis. Maybe 1% in Ivy League or good UK unis (Oxbridge and LSE).

Of the 30% in local unis, majority would graduate without Honours and therefore end up with jobs that earn them maybe high 2ks and Low 3ks salary. Even for those with Honours, most would be in non-top-finance (front office or at least get into management associate Programmes), non-law, non-medicine, non-dentistry jobs and thus earn Low 3ks.

Therefore only a very small minority of Singaporeans would make big bucks in life. Perhaps there is a disproportionate representation of big earners on this forum because big earners tend to compare more. Or it could be just a lot of bs on this forum.

Finally, for the 70% who are unable to make it into local unis, the vast majority end up in normal jobs earning mid-high 2ks starting. Some succeed in starting their own business or taking over their parents business and earn big bucks.

This is the practical reality of the singaporean society.

This is the quality of the typical posts we get on this forum. Very off-putting, to be honest.

Happy new year, nonetheless!

Unregistered 07-02-2016 08:12 PM

Quote:

Originally Posted by Unregistered (Post 79494)
This is the quality of the typical posts we get on this forum. Very off-putting, to be honest.

Happy new year, nonetheless!

How is it off-putting, pray tell?

Unregistered 08-02-2016 02:19 AM

Quote:

Originally Posted by Unregistered (Post 79492)
To put things in perspective, only about less than 30% of each batch of Singaporeans make it into local unis. Maybe 1% in Ivy League or good UK unis (Oxbridge and LSE).

Of the 30% in local unis, majority would graduate without Honours and therefore end up with jobs that earn them maybe high 2ks and Low 3ks salary. Even for those with Honours, most would be in non-top-finance (front office or at least get into management associate Programmes), non-law, non-medicine, non-dentistry jobs and thus earn Low 3ks.

Therefore only a very small minority of Singaporeans would make big bucks in life. Perhaps there is a disproportionate representation of big earners on this forum because big earners tend to compare more. Or it could be just a lot of bs on this forum.

Finally, for the 70% who are unable to make it into local unis, the vast majority end up in normal jobs earning mid-high 2ks starting. Some succeed in starting their own business or taking over their parents business and earn big bucks.

This is the practical reality of the singaporean society.

yup, spot on.
And making mid 2k to 3k in your 20s in singapore is perfectly fine. pretty good even.

everyone wants a better life. but having a roof over your heads, food on the table, running water, high speed internet, etc. already makes you better off than a sizable chunk of the world's population

Unregistered 08-02-2016 02:26 AM

Actually, the average NUS kid would take home about $3.2k.

Much less those from more reputable faculties like law, medicine, dentistry, business etc.

Mid 2k to 3k is frankly pathetic. 4K should be the bare minimum of acceptable starting salary.

Unregistered 08-02-2016 02:47 AM

Quote:

Originally Posted by Unregistered (Post 79515)
Actually, the average NUS kid would take home about $3.2k.

Much less those from more reputable faculties like law, medicine, dentistry, business etc.

Mid 2k to 3k is frankly pathetic. 4K should be the bare minimum of acceptable starting salary.

Shhh. Quiet now child. Go play on your ipad k. The adults are talking.

There is no such thing as a "pathetic" salary. Only thing pathetic is your life. Just do what makes you happy. I would easily take a job doing something both meaningful to myself and to society that only pays 2k or even less a month.

At the end of the day. Money is just a means to happiness. So why not find a career that makes you happy and skip the middleman altogether? Of course, it would be good to have a meaningful career that also pays well. But I'll take a meaningful career over money any day.

If you have no passion or interest and only find meaning in making money then that's just sad. You peg what is real to something that is ultimately transient. Heck, money isn't even real.

Unregistered 08-02-2016 07:15 AM

^ Poster must be really insecure and drawing a low salary to write so much crap.

Unregistered 08-02-2016 07:32 AM

Let's bring this thread back to decency
 
Quote:

Originally Posted by Unregistered (Post 79515)
Actually, the average NUS kid would take home about $3.2k.

Much less those from more reputable faculties like law, medicine, dentistry, business etc.

Mid 2k to 3k is frankly pathetic. 4K should be the bare minimum of acceptable starting salary.

This thread has really lost its purpose. Can we go back to helping SIM graduates and students get an idea of what their salaries would be in various industries? I have a number of friends from either SIM-UOL or SIM-RMIT. Many are in roles such as marketing, advertising, accounts, sales, etc. Regardless of what their job is, starting salary is mid-high 2ks, but it will rise to decent 3ks after a few years. I have one friend who attempted to start businesses but failed many times and is still trying.

Also, high 2ks and 3ks are NOT pathetic. They are enough, with CPF, to allow a dual-earning couple to get married and start paying off a 3/4 room HDB slowly. Most of my friends are in their-late twenties, many are getting married, one just gave birth to a lovely boy last month. They are very happy with their lives and I am happy for them too.

Those who try to derive joy from earning more money and comparing with others tend to be the most lonely and sad. There will always be someone who earns more, does better in school, wins more awards.

I worked super hard in a local uni and graduated with a first class honors, found a pretty well paying job, but I can't wait to quit. Why? I just spent the entire weekend in the office, only managed to make it back for reunion dinner. My working hours are past midnight almost everyday with mostly burnt weekends. I have very little time for my fiancee. Who is happier - my SIM friends or myself? The answer is obvious.

Unregistered 08-02-2016 09:35 AM

Quote:

Originally Posted by Unregistered (Post 79519)
This thread has really lost its purpose. Can we go back to helping SIM graduates and students get an idea of what their salaries would be in various industries? I have a number of friends from either SIM-UOL or SIM-RMIT. Many are in roles such as marketing, advertising, accounts, sales, etc. Regardless of what their job is, starting salary is mid-high 2ks, but it will rise to decent 3ks after a few years. I have one friend who attempted to start businesses but failed many times and is still trying.

Also, high 2ks and 3ks are NOT pathetic. They are enough, with CPF, to allow a dual-earning couple to get married and start paying off a 3/4 room HDB slowly. Most of my friends are in their-late twenties, many are getting married, one just gave birth to a lovely boy last month. They are very happy with their lives and I am happy for them too.

Those who try to derive joy from earning more money and comparing with others tend to be the most lonely and sad. There will always be someone who earns more, does better in school, wins more awards.

I worked super hard in a local uni and graduated with a first class honors, found a pretty well paying job, but I can't wait to quit. Why? I just spent the entire weekend in the office, only managed to make it back for reunion dinner. My working hours are past midnight almost everyday with mostly burnt weekends. I have very little time for my fiancee. Who is happier - my SIM friends or myself? The answer is obvious.

wah work whole weekend until so shack still got time to write WOT grandma story at 7.32am. sayang sayang mr "local uni FCH" go get some sleep ok?

Unregistered 08-02-2016 01:38 PM

Quote:

Originally Posted by Unregistered (Post 79521)
wah work whole weekend until so shack still got time to write WOT grandma story at 7.32am. sayang sayang mr "local uni FCH" go get some sleep ok?

LOL calm your t its. At least he got FCH and is making more money than you. Which means he already wins you by the standards of comparison on this forum.

Unregistered 08-02-2016 02:51 PM

Quote:

Originally Posted by Unregistered (Post 79525)
LOL calm your t its. At least he got FCH and is making more money than you. Which means he already wins you by the standards of comparison on this forum.

Sure sure remember to puch your ticket after work, otherwise no other pay.

Unregistered 08-02-2016 03:30 PM

Quote:

Originally Posted by Unregistered (Post 79519)
This thread has really lost its purpose. Can we go back to helping SIM graduates and students get an idea of what their salaries would be in various industries? I have a number of friends from either SIM-UOL or SIM-RMIT. Many are in roles such as marketing, advertising, accounts, sales, etc. Regardless of what their job is, starting salary is mid-high 2ks, but it will rise to decent 3ks after a few years. I have one friend who attempted to start businesses but failed many times and is still trying.

Also, high 2ks and 3ks are NOT pathetic. They are enough, with CPF, to allow a dual-earning couple to get married and start paying off a 3/4 room HDB slowly. Most of my friends are in their-late twenties, many are getting married, one just gave birth to a lovely boy last month. They are very happy with their lives and I am happy for them too.

Those who try to derive joy from earning more money and comparing with others tend to be the most lonely and sad. There will always be someone who earns more, does better in school, wins more awards.

I worked super hard in a local uni and graduated with a first class honors, found a pretty well paying job, but I can't wait to quit. Why? I just spent the entire weekend in the office, only managed to make it back for reunion dinner. My working hours are past midnight almost everyday with mostly burnt weekends. I have very little time for my fiancee. Who is happier - my SIM friends or myself? The answer is obvious.

Hi, which industry are you from? From my experience, i would say in life, you reap what you sow and you lose some, but gain some. You have less time to go out now, but maybe at a later stage, you can give your family a much more comfortable life.

Unregistered 11-02-2016 11:50 AM

Quote:

Originally Posted by Unregistered (Post 79519)
My working hours are past midnight almost everyday with mostly burnt weekends. I have very little time for my fiancee. Who is happier - my SIM friends or myself? The answer is obvious.

You might want to rethink that? Bearing in mind that a few years working hard builds a better career and subsequently life, are you willing right now to trade your high paying job, say $8k, for that SIM grad's job that pays $3k?

The last time I check, Chinese New Year is only two days. Let's ask those SIM grads then. Will you want a job that needs you there in Chinese New Year but pays you $8k?

Better think about what you're willing to give up before making the blatant comment that you'll give that thing up.

Unregistered 11-02-2016 12:15 PM

Quote:

Originally Posted by Unregistered (Post 79623)
You might want to rethink that? Bearing in mind that a few years working hard builds a better career and subsequently life, are you willing right now to trade your high paying job, say $8k, for that SIM grad's job that pays $3k?

The last time I check, Chinese New Year is only two days. Let's ask those SIM grads then. Will you want a job that needs you there in Chinese New Year but pays you $8k?

Better think about what you're willing to give up before making the blatant comment that you'll give that thing up.

I believe the poster was referring generally to work life balance throughout the entire year, not only during Chinese New Year. Question is whether you are willing to work to midnight every day of the year for that salary.

That said, I believe the grass always looks greener on the other side. People at either end of the spectrum often think that the other is having a better life.

Unregistered 11-02-2016 01:42 PM

Quote:

Originally Posted by Unregistered (Post 79625)
I believe the poster was referring generally to work life balance throughout the entire year, not only during Chinese New Year. Question is whether you are willing to work to midnight every day of the year for that salary.

That said, I believe the grass always looks greener on the other side. People at either end of the spectrum often think that the other is having a better life.

I read once in an article the most simple solution to retain talent is to pay them more money. And when I thought about it further, I can't argue against it. Especially in Singapore, more money leads to a better means in life. How true and how simple.

I encourage that poster to rethink what he said when all of the sudden two days of reunion dinners seem worth to give up ~$5k a month.

Unregistered 11-02-2016 10:11 PM

Quote:

Originally Posted by Unregistered (Post 79628)
I read once in an article the most simple solution to retain talent is to pay them more money. And when I thought about it further, I can't argue against it. Especially in Singapore, more money leads to a better means in life. How true and how simple.

I encourage that poster to rethink what he said when all of the sudden two days of reunion dinners seem worth to give up ~$5k a month.

Yeah. Most Singaporeans are pretty materialistic and shallow.

Unregistered 12-02-2016 09:01 AM

Quote:

Originally Posted by Unregistered (Post 79651)
Yeah. Most Singaporeans are pretty materialistic and shallow.

I used to think like that. Now I think differently. I wouldn't call someone materialistic and shallow if he strives to get more money to pay mortgage, to pay medical bills, to pay parent insurance and to pay his own insurance. Heck I was talking to my fiance that day. If baby better have car so easier to get around.

Putting into Singapore context, I think a good ball park for a male is $12k a month to afford the things to make life easy for him and his family. Doesn't mean he can't survive on less than that but it means life will be easy.

Striving towards $20k then I can agree that he is looking for the bungalow, Ferrari's, night life and fame.

Unregistered 12-02-2016 11:59 AM

Quote:

Originally Posted by Unregistered (Post 79665)
I used to think like that. Now I think differently. I wouldn't call someone materialistic and shallow if he strives to get more money to pay mortgage, to pay medical bills, to pay parent insurance and to pay his own insurance. Heck I was talking to my fiance that day. If baby better have car so easier to get around.

Putting into Singapore context, I think a good ball park for a male is $12k a month to afford the things to make life easy for him and his family. Doesn't mean he can't survive on less than that but it means life will be easy.

Striving towards $20k then I can agree that he is looking for the bungalow, Ferrari's, night life and fame.

You need more than 20k for bungalow, Ferrari, night life and fame though. More like 100k a month. It's quite a huge quantum from 12k.

Unregistered 12-02-2016 02:36 PM

Quote:

Originally Posted by Unregistered (Post 79672)
You need more than 20k for bungalow, Ferrari, night life and fame though. More like 100k a month. It's quite a huge quantum from 12k.

Nar man.

Bungalow - $5m. $1m downpayment. $4m over 30 years = 4m / 30 / 12 = $11k.
Ferrari - $1m. $500k downpayment. $500k over 10 years = 500k / 10 / 12 = $4k.
Night life - $2k per night, Fri and Sat = $2k x 2 x 4 weekends = $16k.
Fancy Restaurant every week - $300 per meal = $300 x 4 = $1.2k.

That's $32.2k a month. Throw in another $10k a month for other daily necessities. That's $42k a month. You know what, let's round it up to $50k a month.

I got a life of bungalow, Ferrari, night life and fame for half of your $100k a month. Yippie!

Unregistered 12-02-2016 02:43 PM

I placed it at 100k because you obviously need a sufficient cushion to be able to afford the down payments off many of the stuff you want to buy.

If you think about it, 50k will put you in serious debt because you won't have sufficient savings if something hits.

Unregistered 12-02-2016 06:38 PM

Lse
 
s://sg.linkedin.com/in/rawcliffe-tan-36863594

Lse clementi ftw

Unregistered 12-02-2016 06:40 PM

Lse
 
s://sg.linkedin.com/in/mark-chua-893b3859?trk=pub-pbmap

How come operations classfied as middle office?

Unregistered 13-02-2016 04:33 AM

Quote:

Originally Posted by Unregistered (Post 79651)
Yeah. Most Singaporeans are pretty materialistic and shallow.

In that case, don't be a hypocrite. Just strive for a 4k salary, thats the median salary in SG.

Unregistered 13-02-2016 10:33 AM

Hi, I am graduating soon from SIM-UOL with second uppers from a bachelors in business and finance. How much can I expect as salary if I join big banks like DBS and OCBC? Or maybe international banks like JP Morgan? Thanks all.

Unregistered 13-02-2016 11:17 AM

About $2.5k as contract staff.

Unregistered 13-02-2016 11:20 AM

s://sg.linkedin.com/in/tinakwek?trk=pub-pbmap

LSE

Unregistered 13-02-2016 11:33 AM

Quote:

Originally Posted by Unregistered (Post 79704)
s://sg.linkedin.com/in/tinakwek?trk=pub-pbmap

LSE

Tina Kwek, si bei buay pai seh. Went to Berkeley for exchange program for two courses then put "Bachelor of Science (B.Sc.)". I'm excusing her as she might think two courses ALONE make up a Bachelors.

Unregistered 13-02-2016 11:50 AM

Quote:

Originally Posted by Unregistered (Post 79705)
Tina Kwek, si bei buay pai seh. Went to Berkeley for exchange program for two courses then put "Bachelor of Science (B.Sc.)". I'm excusing her as she might think two courses ALONE make up a Bachelors.

At least she put down summer abroad exchange program. It's still not so bad but yeah.. pretty lame to inflate their "status".

Unregistered 13-02-2016 12:25 PM

Quote:

Originally Posted by Unregistered (Post 79703)
About $2.5k as contract staff.

I graduated from SIM-UOL some time ago and managed to find a job in an international bank with a starting salary of 4k, now 5 years into the job earning about 10k.

Unregistered 13-02-2016 12:33 PM

Quote:

Originally Posted by Unregistered (Post 79708)
I graduated from SIM-UOL some time ago and managed to find a job in an international bank with a starting salary of 4k, now 5 years into the job earning about 10k.

Show us your LinkedIn, or tell me what role/function and bank you're at. My sources can verify these claims very, very easily.

Unregistered 13-02-2016 12:59 PM

Quote:

Originally Posted by Unregistered (Post 79709)
Show us your LinkedIn, or tell me what role/function and bank you're at. My sources can verify these claims very, very easily.

I'm also waiting. Relatedly, my good friend graduated from SIM also joined an international bank when he graduated. We discuss this sort stuff and he acknowledges it's very hard to reach 10k after 5 years.

Unregistered 13-02-2016 01:16 PM

Quote:

Originally Posted by Unregistered (Post 79709)
Show us your LinkedIn, or tell me what role/function and bank you're at. My sources can verify these claims very, very easily.

Wealth management at bulge bank :)

Unregistered 13-02-2016 01:26 PM

Quote:

Originally Posted by Unregistered (Post 79711)
Wealth management at bulge bank :)

I'm Jealous.

Unregistered 13-02-2016 03:07 PM

Quote:

Originally Posted by Unregistered (Post 79712)
I'm Jealous.

Sim finance grad here, grad in 2008 with a first class. Now earning 4200 in a foreign bank back office.

Bosses tend to overlook you for promotion in favour of local grads from the big 3.


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