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SIM-UOL fresh grad starting pay

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  #571 (permalink)  
Old 17-10-2013, 10:42 PM
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Face the fact, you are just not good enough for local uni and reputable MNCs. Advice is just accept that fact, try not to raise the bar so high and feel disappointed in the end. FCH for DL degree is just like a white elephant, looks nice but nothing inside. 2.5k is good for a sim grad, be happy with what you have and things would be alright.

Dont be in denial like some posts in this thread where they are living in denial about the reality, instead they flaunt their glorious SIM degree which allows them to breaking into banking and what not.
What the writer wrote is true - FCh for DL degree is a white elephant. Ministries will never call up someone who gets FCH for an interview. Even if you get a call up;it is just to fill up their quota but ultimately they won't hire you.

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  #572 (permalink)  
Old 17-10-2013, 11:09 PM
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Originally Posted by Sim graduating in 2014 View Post
Hey just want to get a sense on the ground if 2500 is adequate for internal audit associate at foo grant Thornton. I have had prior 3 years worth of internal auditing working experience.
I'm also graduating with first class honors.

I feel really discouraged cause it seems like my degree classification doesn't mean anything, I thought with FCH, I could at least command 2800 having had prior relevant experience.

Also applied for big 4 internal audit division but have not heard back from them
1. perhaps the new company might have a different job scope from which u are expecting and thus treat you as on a fresh grad on the pay scale.

2. how much were you earning previously? perhaps the new salary offered could be a decent jump from your previous'. some companies might go: 'hey this guy is asking for a 50% jump, lol'

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  #573 (permalink)  
Old 18-10-2013, 10:15 AM
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Grant Thornton is a decent mid range auditing firm, it's very lucky a SIM can actually get an offer there. My advice is be realistic about your lack of acadmics and accept the offer. At least can gain a foot and exp in a decent firm and move on few years later. Dun accept wait later end up like other SIM grads working in those small local accountancy firm.



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  #574 (permalink)  
Old 18-10-2013, 10:37 AM
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What the writer wrote is true - FCh for DL degree is a white elephant. Ministries will never call up someone who gets FCH for an interview. Even if you get a call up;it is just to fill up their quota but ultimately they won't hire you.
Actually I know of someone, who got third class honors in uol Econ and finance with zero job experience who got hired for an internal audit position and was being paid 2800
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  #575 (permalink)  
Old 18-10-2013, 10:40 AM
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Default Sim graduating in 2014

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1. perhaps the new company might have a different job scope from which u are expecting and thus treat you as on a fresh grad on the pay scale.

2. how much were you earning previously? perhaps the new salary offered could be a decent jump from your previous'. some companies might go: 'hey this guy is asking for a 50% jump, lol'
I was earning 2250 in my previous position as a diploma holder. Thus, 2500 makes me feel like my degree is only worth $250.

I'm not treated as a fresh grad, apparently fresh grads only get 2300
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  #576 (permalink)  
Old 18-10-2013, 10:53 AM
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Default Sim graduating in 2014

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Originally Posted by Unregistered View Post
Face the fact, you are just not good enough for local uni and reputable MNCs. Advice is just accept that fact, try not to raise the bar so high and feel disappointed in the end. FCH for DL degree is just like a white elephant, looks nice but nothing inside. 2.5k is good for a sim grad, be happy with what you have and things would be alright.

Dont be in denial like some posts in this thread where they are living in denial about the reality, instead they flaunt their glorious SIM degree which allows them to breaking into banking and what not.
Firstly, I don't think you should say I'm not good enough for local uni or reputable mnc. I have ever worked in an mnc. And the reason I didn't get into a local uni was because of my laziness and not because I wasn't smart enough.

I am very realistic and I don't expect to be earning 3-4k and breaking into the banking industry. How internal audit is a niche area, and there aren't that many people who can use the data analysis software that I can use. However, I can't speak mandarin and that's a major disadvantage as companies have operations in china.

Your words are a powerful tool, you can either make someone feel utterly horrible or you could offer constructive advice. Please reflect upon that the next time you write something down
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  #577 (permalink)  
Old 18-10-2013, 12:53 PM
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Firstly, I don't think you should say I'm not good enough for local uni or reputable mnc. I have ever worked in an mnc. And the reason I didn't get into a local uni was because of my laziness and not because I wasn't smart enough.
This is just subjective self-praise that means nothing. Whatever fancy reason you might think of, the fact remains that you only have DL degree and failed to enter the big4 as admitted earlier. This is a fact that you need to face, not come up with self serving excuses that you are actually local uni smartness but just lazy.

Quote:
I am very realistic and I don't expect to be earning 3-4k and breaking into the banking industry. How internal audit is a niche area, and there aren't that many people who can use the data analysis software that I can use. However, I can't speak mandarin and that's a major disadvantage as companies have operations in china.
This is yet another excuse to justify your worth. Not sure why you bringing your supposed specialised niche computer data skills into the picture, the fact is the big4 are not interested and apparently Grant Thornton didn't think too highly of that either.

As for people not hiring you because they have operations in China and you don't know Chinese, I think this is another one of the self-serving excuses used to lessen the pain and increase self worth. The fact that so many non-Chinese serve as audtiors is proof that this is not true.

Quote:
Your words are a powerful tool, you can either make someone feel utterly horrible or you could offer constructive advice. Please reflect upon that the next time you write something down
People are already offering constructive advice, i.e. 2.5k is good so take up the Grant Thornton role to build up your CV since you cannot compete effectively with your stronger peers currently. You obviously have a much higher opinion of yourself and listed many justifications to explain your current predicament like how smart you are, special data skills, disadvantaged becasue of Chinese etc.

Main thing is are you here to hear people's opinion or you just want people to cheer lead you? 2.5k is pretty much the norm for DL degrees, other than the big4 which you fail to make the cut, the only other alternative is RSM Chio Lim which also pay around there for freshies. I doubt the other mom & pop outfits can even match 2.5k.
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  #578 (permalink)  
Old 18-10-2013, 02:03 PM
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Originally Posted by Sim graduating in 2014 View Post
Hey just want to get a sense on the ground if 2500 is adequate for internal audit associate at foo grant Thornton. I have had prior 3 years worth of internal auditing working experience.
I'm also graduating with first class honors.

I feel really discouraged cause it seems like my degree classification doesn't mean anything, I thought with FCH, I could at least command 2800 having had prior relevant experience.

Also applied for big 4 internal audit division but have not heard back from them
Another co you can consider is Stephen Mclaren. IIRC they are allied with Thompson in some way, it's a smaller co so pay maybe a bit lower 2.2-2.4k, but I worked there and the people there are quite nice and working hours much better than FKT.


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  #579 (permalink)  
Old 18-10-2013, 04:21 PM
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Originally Posted by Unregistered View Post
This is just subjective self-praise that means nothing. Whatever fancy reason you might think of, the fact remains that you only have DL degree and failed to enter the big4 as admitted earlier. This is a fact that you need to face, not come up with self serving excuses that you are actually local uni smartness but just lazy.



This is yet another excuse to justify your worth. Not sure why you bringing your supposed specialised niche computer data skills into the picture, the fact is the big4 are not interested and apparently Grant Thornton didn't think too highly of that either.

As for people not hiring you because they have operations in China and you don't know Chinese, I think this is another one of the self-serving excuses used to lessen the pain and increase self worth. The fact that so many non-Chinese serve as audtiors is proof that this is not true.



People are already offering constructive advice, i.e. 2.5k is good so take up the Grant Thornton role to build up your CV since you cannot compete effectively with your stronger peers currently. You obviously have a much higher opinion of yourself and listed many justifications to explain your current predicament like how smart you are, special data skills, disadvantaged becasue of Chinese etc.

Main thing is are you here to hear people's opinion or you just want people to cheer lead you? 2.5k is pretty much the norm for DL degrees, other than the big4 which you fail to make the cut, the only other alternative is RSM Chio Lim which also pay around there for freshies. I doubt the other mom & pop outfits can even match 2.5k.
agree that 2.5k for GT is quite good.. But if you are more keen on the big4 offers, just keep on trying for them. I'd probably join GT and keep applying to big 4. Big 4 also offering about 2.7-2.8k nia. Not much diff in salary there if u were to compare.
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  #580 (permalink)  
Old 18-10-2013, 11:36 PM
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A UOL fch is useless. You just need to score a distinction for five out of the twelve units. Only need to study 12 units. Don't even have to get an average of A for all of them like real universities.
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