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SIM-UOL fresh grad starting pay

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  #41 (permalink)  
Old 19-09-2011, 08:35 PM
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I do not have a degree and did not regret not getting one after stopping at Poly Diploma, for I know I'm not of the material for studying. Been changing jobs a couple of times in Engineering before finally ended up working offshore on semi subs as a hydraulic technician. It's not as safe as working in the offices of big four or other companies, I have to admit. But it pays and I'm drawing US$13.5K with 4 weeks on and 4 weeks off. It allows me to pursue some personal interests during my off days, which is the thing that attracts me to this industry. And yes, they do pay during my off day if you ask, albeit a couple of thousand bucks lower for not having to face the risks of working offshore.
-what is offshore on semi subs ? What company you from if dun mind mention?

-do you mean your salary is = US$13500/month (SG$17000/month) for alternate 4weeks work 4weeks off.....(i assume is same as work 1 month, OFF 1 month)

-do you mean that even on your 4weeks OFF, you still get paid about US$9000-11000/mth(as you mention couple of thousand bucks lower).

-mean your annual salary = 6 x US$13500(WORK) + 6 x US$10000(OFF) = about SG$178000

-does your job give you bonus?

-how long do you work per day if not on OFF, how many hours?
----------------------------------------------------------------------------------

Do you need to serve reservist/ICT?

If your ICT happen to on the period when you are at OFFSHORE, what will happen? Can return to SG to serve ICT if cannot defer? Can claim MUP?

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  #42 (permalink)  
Old 20-09-2011, 01:07 AM
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Hi, I graduated recently from Accounting and Finance with a 2:1

Got a job at a local bank as a financial consultant with basic of 3k. Commission will only be paid upon hitting targets set by the bank.

While studying, I worked part-time for 1.5years as an insurance agent and was an average agent (abt 20k commission per year).

If u're willing to do sales, I think it shouldnt be a problem getting a 2.5k+ job.

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  #43 (permalink)  
Old 20-09-2011, 08:33 AM
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In Singapore, degree and diploma got big difference, but MBA and degree little difference lar. Any clown got money to spend can also get some part time private U or NUS/NTU MBA, where got value add?

If one to get Masters at least get something specialised and useful like the Engineering or Life Science or IT related majors. After that can at least move up to specialist roles.
Well, my Masters quadrupled my pay after I obtained it in a span of 2 years. Guess I am lucky, but it's how you play the game, and not how the game play you

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  #44 (permalink)  
Old 20-09-2011, 12:42 PM
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Wah. now banks paying their financial consultants 3k ah.

that's super high..
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  #45 (permalink)  
Old 20-09-2011, 01:43 PM
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My replies after yours:
- Semi submersible is an offshore vessel that is afloat on its' own. It's anchored to the seabed by anchor chains. They are used for deep sea drilling. The other type is the Jack up rigs which stands on "legs". You would have noticed these offshore rigs in Straits Times which appear frequently. Our Keppel and Sembawang Marine are 2 of the biggest producers of these rigs.

- A Norwegian drilling company. There are only a handful in Singapore so you should be able to make out.

- When offshore - US$13.5K. When back home US$11K. Tax free cos the pay is drawn overseas. No CPF though, to be precise.

- There is no annual leave in this job. When back on home leave, I stay home. No need to go to office cos I'm not an office staff and have no business to be there. During home leave, this is the time to do all the things that I must do, ICT, run errands, go for family holidays, company courses etc. When I'm offshore, I'm not allowed to return home until the 4 weeks is up unless it's very urgent, e.g. someone's passing. Also on the -ve side, you miss out half of the time seeing your kids grow up, send them to school or the PD when they fall sick. Plus side is, you get to do all these every day when on home leave.

- 12hrs per day and on shift, either 6 to 6 or 12 to 12, 7 days a week, 28 days straight out. It burns a lot of your energy at the end of your 4 weeks but it keeps one fit. Good thing about working offshore is, you don't spend a penny cos there ain't no shops on the rig. 4 meals a day are provided and the food quality is good. Usually buffet with Asian and Western.

- No 13th or varriable bonus like you guys get on shore as they paid high basic in absolute term. But due to the competition for skilled workers in this area - which not many young people are willing to enter - they pay retention bonus every quarter which vary from US$1K to 2K, to prevent you from being poached by competitors.


Quote:
Originally Posted by Unregistered View Post
-what is offshore on semi subs ? What company you from if dun mind mention?

-do you mean your salary is = US$13500/month (SG$17000/month) for alternate 4weeks work 4weeks off.....(i assume is same as work 1 month, OFF 1 month)

-do you mean that even on your 4weeks OFF, you still get paid about US$9000-11000/mth(as you mention couple of thousand bucks lower).

-mean your annual salary = 6 x US$13500(WORK) + 6 x US$10000(OFF) = about SG$178000

-does your job give you bonus?

-how long do you work per day if not on OFF, how many hours?
----------------------------------------------------------------------------------

Do you need to serve reservist/ICT?

If your ICT happen to on the period when you are at OFFSHORE, what will happen? Can return to SG to serve ICT if cannot defer? Can claim MUP?
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  #46 (permalink)  
Old 20-09-2011, 03:04 PM
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Quote:
Originally Posted by Unregistered View Post
My replies after yours:
- Semi submersible is an offshore vessel that is afloat on its' own. It's anchored to the seabed by anchor chains. They are used for deep sea drilling. The other type is the Jack up rigs which stands on "legs". You would have noticed these offshore rigs in Straits Times which appear frequently. Our Keppel and Sembawang Marine are 2 of the biggest producers of these rigs.

- A Norwegian drilling company. There are only a handful in Singapore so you should be able to make out.

- When offshore - US$13.5K. When back home US$11K. Tax free cos the pay is drawn overseas. No CPF though, to be precise.

- There is no annual leave in this job. When back on home leave, I stay home. No need to go to office cos I'm not an office staff and have no business to be there. During home leave, this is the time to do all the things that I must do, ICT, run errands, go for family holidays, company courses etc. When I'm offshore, I'm not allowed to return home until the 4 weeks is up unless it's very urgent, e.g. someone's passing. Also on the -ve side, you miss out half of the time seeing your kids grow up, send them to school or the PD when they fall sick. Plus side is, you get to do all these every day when on home leave.

- 12hrs per day and on shift, either 6 to 6 or 12 to 12, 7 days a week, 28 days straight out. It burns a lot of your energy at the end of your 4 weeks but it keeps one fit. Good thing about working offshore is, you don't spend a penny cos there ain't no shops on the rig. 4 meals a day are provided and the food quality is good. Usually buffet with Asian and Western.

- No 13th or varriable bonus like you guys get on shore as they paid high basic in absolute term. But due to the competition for skilled workers in this area - which not many young people are willing to enter - they pay retention bonus every quarter which vary from US$1K to 2K, to prevent you from being poached by competitors.
----> Can i ask how to get into this industry? Must be from oil/gas background? Is it competitive to get in?
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  #47 (permalink)  
Old 20-09-2011, 08:51 PM
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Wow! Graduated from UOL and you get only $2k? that's demoralizing. No offense.

I'm a diploma holder. After 3.5 years in the working world, my current salary is $2k.
At present, I'm taking a part-time degree from UOL and from your $2k starting salary, I'm starting to think that I'm wasting my money and time taking higher studies @ UOL. I hope I'm not making the wrong choice.

Do you mind sharing what industry are you working in?

Hi, I just started work this week, in supply chain industry. Sad to say, my degree is a generic one (just business, no specialization) and I don't have any working experience to backup my demand for a higher pay.

Like you said, it's demoralizing. But this scenario doesn't happen to everyone; I guess luck and networking plays a huge part in your career hunt too. I'm hoping that I can get a better job in the finance industry after receiving my transcript, but I heard banks aren't recruiting much recently..

Look at the bright side bro, at least you've got working experience, I'm sure you'll be able to get a better paying job after you graduate, all the best!
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  #48 (permalink)  
Old 21-09-2011, 11:17 AM
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Having a prior experience in O&G is a definite prerequisite. If you notice, there are not many such ads in the newspaper for positions on the rig. Normally by words or mouth by colleagues, poaching, or if you are a equipment vendor / contractor working on the rig and know someone high up, this helps in getting in. The thing is, rigs are expensive to build, maintain, operate and to hire. They need to ensure having a set of experienced crew for safety is paramount to personnel and rig. A day's downtime could cost the owner US$500k in lost charter.

To be fair, I need to sound a word of caution. This is not an industry without incidents. You probably have heard of Deepwater Horizon, West Atlas, Piper A. Work safety has bucked up a lot in recent years though due to these incidents.

Good luck in your job search.

Quote:
Originally Posted by Unregistered View Post
----> Can i ask how to get into this industry? Must be from oil/gas background? Is it competitive to get in?
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  #49 (permalink)  
Old 24-09-2011, 12:00 PM
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Quote:
Originally Posted by Unregistered View Post
My replies after yours:
- Semi submersible is an offshore vessel that is afloat on its' own. It's anchored to the seabed by anchor chains. They are used for deep sea drilling. The other type is the Jack up rigs which stands on "legs". You would have noticed these offshore rigs in Straits Times which appear frequently. Our Keppel and Sembawang Marine are 2 of the biggest producers of these rigs.

- A Norwegian drilling company. There are only a handful in Singapore so you should be able to make out.

- When offshore - US$13.5K. When back home US$11K. Tax free cos the pay is drawn overseas. No CPF though, to be precise.

- There is no annual leave in this job. When back on home leave, I stay home. No need to go to office cos I'm not an office staff and have no business to be there. During home leave, this is the time to do all the things that I must do, ICT, run errands, go for family holidays, company courses etc. When I'm offshore, I'm not allowed to return home until the 4 weeks is up unless it's very urgent, e.g. someone's passing. Also on the -ve side, you miss out half of the time seeing your kids grow up, send them to school or the PD when they fall sick. Plus side is, you get to do all these every day when on home leave.

- 12hrs per day and on shift, either 6 to 6 or 12 to 12, 7 days a week, 28 days straight out. It burns a lot of your energy at the end of your 4 weeks but it keeps one fit. Good thing about working offshore is, you don't spend a penny cos there ain't no shops on the rig. 4 meals a day are provided and the food quality is good. Usually buffet with Asian and Western.

- No 13th or varriable bonus like you guys get on shore as they paid high basic in absolute term. But due to the competition for skilled workers in this area - which not many young people are willing to enter - they pay retention bonus every quarter which vary from US$1K to 2K, to prevent you from being poached by competitors.
Wow!!! That's a lot.

Damn!!! I wish i work offshore immediately after my NS. Work for 2-3 years, quit then go study. I guess it's too late now.

Anyway, Stay safe bro! Good luck!
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  #50 (permalink)  
Old 24-09-2011, 02:11 PM
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Is a monthly salary of 2550 ok for a freshie with no relevant exp ?

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