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SIM-UOL fresh grad starting pay

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  #6181 (permalink)  
Old 21-02-2022, 03:00 PM
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Average annual increment at companies are 5-10%
Unless you're promoted (10-20%)

Job hopping laterally can grant you 10-30%
to have a 60% increment through lateral job hopping is nonsensical. Unless one is very lucky or its a change in industry. Bank's lateral jump is ~15-20%

6k+ at 5 YOE is above average for the average local uni.
Many get stuck in the 5k bracket
This is true, a lot of crappy companies won't even pay 5% increment. Some people can still be stuck at 3k range in their 30s.

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  #6182 (permalink)  
Old 21-02-2022, 03:55 PM
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3rd class honours, BSc Economics & Management
Non-customer facing insurance role

Year 0: 2.6k (contract)
Year 1: 3k (converted)
Year 2: 3.2k
Year 3: 3.5k (promotion)
Year 4: 3.8 (promotion)
Year 5: 4k
Year 6: 4.3k
Year 7: 5.2k (promotion)
That's a steady progression. All with the same insurer?

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  #6183 (permalink)  
Old 21-02-2022, 04:11 PM
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That's a steady progression. All with the same insurer?
Yeah, that's why I didn't change company all these years.

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  #6184 (permalink)  
Old 21-02-2022, 04:13 PM
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Yeah, that's why I didn't change company all these years.
So you doubled your salary in 7 years? Considering how much you started at I think you might have managed it by the 4-5 year mark if you'd jumped.
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  #6185 (permalink)  
Old 21-02-2022, 04:43 PM
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Yeah, that's why I didn't change company all these years.
That's nice. I guess you're in a Goldilock Zone where you're enjoying best of both worlds; Visible Progressions & Manageable company/work culture (no too overly toxic relationships).


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  #6186 (permalink)  
Old 21-02-2022, 05:10 PM
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So you doubled your salary in 7 years? Considering how much you started at I think you might have managed it by the 4-5 year mark if you'd jumped.
Yeah, possible but I do also have to consider the non-monetary aspects.

There is good work-life balance here (I generally never need to OT except when projects get delayed). My bosses and peers are nice (I have a lot of autonomy for my work), and the company culture is generally good (there's not much office politics).

So, what I do to try and make up for it is to invest on the side.

Of course, I am not adamant on staying in one company forever but so long as the average increment rate (including bonuses) is satisfactory to me, and the non-monetary aspects are still good, then I will stay on.
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  #6187 (permalink)  
Old 21-02-2022, 06:57 PM
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Yeah, possible but I do also have to consider the non-monetary aspects.

There is good work-life balance here (I generally never need to OT except when projects get delayed). My bosses and peers are nice (I have a lot of autonomy for my work), and the company culture is generally good (there's not much office politics).

So, what I do to try and make up for it is to invest on the side.

Of course, I am not adamant on staying in one company forever but so long as the average increment rate (including bonuses) is satisfactory to me, and the non-monetary aspects are still good, then I will stay on.
Haha maybe we can meet up for kopi sometime, I'm also in Insurer domain.
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  #6188 (permalink)  
Old 21-02-2022, 09:02 PM
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3rd class honours, BSc Economics & Management
Non-customer facing insurance role

Year 0: 2.6k (contract)
Year 1: 3k (converted)
Year 2: 3.2k
Year 3: 3.5k (promotion)
Year 4: 3.8 (promotion)
Year 5: 4k
Year 6: 4.3k
Year 7: 5.2k (promotion)
Now this is a proper guideline. Putting in the good fight
If you choose to (which you should) change company, then its another 20%
No doubt the annual will be between 80-100k soon.
Don't compare with those 1-2 odd examples that are way up there, its stupid and inflates one's sense of entitlement


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  #6189 (permalink)  
Old 21-02-2022, 09:31 PM
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Now this is a proper guideline. Putting in the good fight
If you choose to (which you should) change company, then its another 20%
No doubt the annual will be between 80-100k soon.
Don't compare with those 1-2 odd examples that are way up there, its stupid and inflates one's sense of entitlement
100k maybe have to wait for 4-5 years more
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  #6190 (permalink)  
Old 14-03-2022, 02:04 PM
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Graduate from sim UOL 4 years ago. Now working at Bloomberg FO drawing 150k /annum.
Don't give up!


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