Mnc jobs - a must in life ??

mnc job is not a must
typically mnc compensation and promotion structure is defined and not flexible.

Working in a MNC is definitely not a must. Salary wise, i am sure there are SME that can afford to match the pay of MNC or sometimes even higher. Job scope wise, SME might actually expose you to more functions of a business due to more multitasking, one man show type of situation.

However I think the biggest advantage a MNC have over a SME is the brand name. Having that brand name on your resume does help in a way or another.

[Anonymous]

i didn't know MNC is a sector.

I think it is more relevant in some sectors as compared to others. I dare say MNC does not offer as much exposure as some other local firms that will involve you in all aspects of the business, having come from working 7 years in big MNCs. You almost always feel that you are compartmentalized, like a cog in the wheel. If you are sale, you do just sales. Well, we did achieve monumental success in operating in this manner, but by and large people never grow beyond their capacity, even with Career Dev plans put together by Human Resources. I did get huge regional exposure in MNCs, having traveled half the globe in my JAPAC role. I am pretty happy where I am being involved in BD, Sales, General Management and Consulting. More fun, get to see the entire eco-system and define culture. Good stuff.

Originally Posted by Unregistered

Working in a MNC is definitely not a must. Salary wise, i am sure there are SME that can afford to match the pay of MNC or sometimes even higher. Job scope wise, SME might actually expose you to more functions of a business due to more multitasking, one man show type of situation.

However I think the biggest advantage a MNC have over a SME is the brand name. Having that brand name on your resume does help in a way or another.

Nah, while there may be some niche jobs out there where people get paid higher in smaller firms (e.g. boutique consultancy), for most of the jobs out there, MNCs pay at least 30% premium compared to SME. Benefits are also much better than small companies.

The myth that SME give you more "exposure" because you multi-task is just a common trick small time businessman use to con their workers into staying with them. Basically the logic is easy, SMEs are trying to cut whatever cost they can find, so will usually end up asking you to do lots of unrelated crap work which they justify as exposure or development. It's just a way of paying cheaply 1 person to do 3 person work.

SME practices are also laughably unsophisticated and "listen to what big boss say" kind, that is why they can afford to get 1 guy to multi-task unrelated stuff. The work is relatively simple and unstrategic and mostly is just doing whatever is the whim and fancy of big boss.

MNCs can't really do that as their stakeholder relationships are complex, policies have to be adhered to prevent abuse and the level of business case modelling and analyses is more rigorous than SME.

I was in supply chain in a SME for 13 years and when I went into a big MNC, it was a struggle to adapt and luckily after a year of hard work things have taken off. I have upgraded myself much more professionally over the past 2 years as a buying specialist than I had in wasting my time "multi-tasking" for 13+ years in the SME.

Originally Posted by jellyO

Nah, while there may be some niche jobs out there where people get paid higher in smaller firms (e.g. boutique consultancy), for most of the jobs out there, MNCs pay at least 30% premium compared to SME. Benefits are also much better than small companies.

The myth that SME give you more "exposure" because you multi-task is just a common trick small time businessman use to con their workers into staying with them. Basically the logic is easy, SMEs are trying to cut whatever cost they can find, so will usually end up asking you to do lots of unrelated crap work which they justify as exposure or development. It's just a way of paying cheaply 1 person to do 3 person work.

SME practices are also laughably unsophisticated and "listen to what big boss say" kind, that is why they can afford to get 1 guy to multi-task unrelated stuff. The work is relatively simple and unstrategic and mostly is just doing whatever is the whim and fancy of big boss.

MNCs can't really do that as their stakeholder relationships are complex, policies have to be adhered to prevent abuse and the level of business case modelling and analyses is more rigorous than SME.

I was in supply chain in a SME for 13 years and when I went into a big MNC, it was a struggle to adapt and luckily after a year of hard work things have taken off. I have upgraded myself much more professionally over the past 2 years as a buying specialist than I had in wasting my time "multi-tasking" for 13+ years in the SME.

Agree with your pts. I market automation solutions for a German MNC and the kind of budgets and platforms I deal with is totally different from SME. I also get to interact with many more marketing professionals in internal and external functions that my ex-local company cannot afford to send me to.

To manage a promotion budget of $1.2m is a whole new level compared to last time $50k which I have to beg for scraps from vendors and sponsors.

Hi.. a great read up from above reviews!

Just wondering which companies belong to SME? Local companies?
How about government sectors OR statutory boards?

Originally Posted by Unregistered

Hi.. a great read up from above reviews!

Just wondering which companies belong to SME? Local companies?
How about government sectors OR statutory boards?

MNC - All the foregin global companies you hear of

Regional Companies - Big local ones like 3 banks, Singtel, Capitaland, Keppel, STE, F&N Sembcorp, SIA etc

Medium Enterprises - Sizable local public listed companies like Starhub, Parkway, SMRT, Hong Leong, Wing Tai etc

Small Enterprise - All others.

Regional companies some are close to MNC level while others are work in progress. Medium and small enterprise really far cry.

[ditto1]

Yes. u should experience the culture and benefits of MNC. Do not restrict yourself to SMEs

What abt companies like sony, samsung ?? Are they considered well-reputed brand MNCs. Will working there help in the long run.