are visitors of Salary.sg mostly affluent people?

[Bean]

Originally Posted by Unregistered

my friend, you got read about the IT engineer drawing $20,000 pm at the Investment bank or not? You are in the wrong type of company. I heard STE only pay the top brass alot of money. So unless you want to wait till you are 40, you better reality check yourself and think about how to re-position yourself.

My bro is a local engineering grad from NUS. I am also local grad. Every week I hear the same sort of complain from him. So for the whole of last year, I make fun of him/ mock him (I don't really mean it but I just wanted to spur him) until our relationship also sour. I refuse to let him touch my car and also make fun of him infront of relatives.

Finally he switched job and now he is drawing at least 50% more than if he had stayed put. I am getting him to switch job again to my bank.

You need to wake up your idea if not nothing will change and next year you will come to this salary forum again

are you asking me to switch from engineering to banking???i dun have any relevant exp then how??

Originally Posted by Bean

are you asking me to switch from engineering to banking???i dun have any relevant exp then how??

even if u dont want to go banking at least change job......
there r a lot engineering companies who pay higher than your salary...

if u r in mech can go those big aerospace MNCs ... oil/gas also can go ... shell/exxon/keppel
if u dont have good hons u might want to get a masters to up your chances

otherwise u jus get masters in applied finance or mba to up your chances in finance

alternatively, if u wanna slack a bit u can at least go n apply for some stat boards most of them pay u better than STE ....

Originally Posted by Unregistered

even if u dont want to go banking at least change job......
there r a lot engineering companies who pay higher than your salary...

if u r in mech can go those big aerospace MNCs ... oil/gas also can go ... shell/exxon/keppel
if u dont have good hons u might want to get a masters to up your chances

otherwise u jus get masters in applied finance or mba to up your chances in finance

alternatively, if u wanna slack a bit u can at least go n apply for some stat boards most of them pay u better than STE ....

You need to keep trying and with a bit of luck, you may get a banking & finance job. I was an engineer in an MNC for 2 years and when I switched, I was so confused by the offers as there are different types of banking & finance jobs (I applied to all types since I'm desperate) and I can't start as MA since I have 2 y of work experience. But make sure it is not just the money you are after.

Originally Posted by Unregistered

You need to keep trying and with a bit of luck, you may get a banking & finance job. I was an engineer in an MNC for 2 years and when I switched, I was so confused by the offers as there are different types of banking & finance jobs (I applied to all types since I'm desperate) and I can't start as MA since I have 2 y of work experience. But make sure it is not just the money you are after.

You applied for all types of jobs which u r not fully familiar with, and u hv the shamelessness to advise others not to switch mainly because of money ? Cmon man, credibility is somewhat lacking here.

Lets face it - most engineers want to switch to finance solely because of the money. To deny this is hypocritical.

[Bean]

Originally Posted by Unregistered

You need to keep trying and with a bit of luck, you may get a banking & finance job. I was an engineer in an MNC for 2 years and when I switched, I was so confused by the offers as there are different types of banking & finance jobs (I applied to all types since I'm desperate) and I can't start as MA since I have 2 y of work experience. But make sure it is not just the money you are after.

let say i got 3-4years of engineering exp with degree (from oil/gas or aviation or semicon or construction industry), if I want to switch to banking & finance jobs, how much would I expect the salary package?

currently basic 3.7k/mth or 64k/annum

When I originally offered you advice, I meant switch to better paying firms within Engineering. Not exactly asking you to rethink your entire field of work. Although this maybe an option also.

Was your degree from local uni? Did you get good class honors? Bear in mind that banks are quite selective on academic qualifications esp if you are going for junior role.

If you are the can study type, 1 possible route:is to get a MBA or Masters in a finance related field (like Financial Engineering). MAS has a sponsorship program for such Finance post grad degrees, go check it out.

If you don't do that, you are pass the normal length of time for the Graduate programs.
If you go through direct hire program, you dont have the experience. So it will be difficult in such a competitive climate. You may end up doing operations work. This is not highly paid. And not meaningful work.

If you get a MBA, and get into a role (e.g. Research Analyst covering Oil & Gas). From my experience, the bank pays a MBA hire~ US$10,000 base pay = US$120,000 p/a. (excluding bonus) This is quite consistent through the industry.

Originally Posted by Bean

let say i got 3-4years of engineering exp with degree (from oil/gas or aviation or semicon or construction industry), if I want to switch to banking & finance jobs, how much would I expect the salary package?

currently basic 3.7k/mth or 64k/annum

[david]

Haha to answer the question to your thread, I am a 19 year old student, hope I didnt disappoint you.

Originally Posted by david

Haha to answer the question to your thread, I am a 19 year old student, hope I didnt disappoint you.

Is your dad rich?

[david]

I'm afraid not.

Originally Posted by david

I'm afraid not.

Well.. Then it just too bad for you... Unless you are bright enough to qualify for a scholarship to study for your bachelors and masters.. If not, your future is screwed in Singapore... The world is not fair... Just enjoy...