Originally Posted by Unregistered (Post 74859)

tats the prob with gov sector, as long as ur not a scholar, they max out ur pay at a miserly rate by 40 yo.

Originally Posted by Unregistered (Post 74859)

tats the prob with gov sector, as long as ur not a scholar, they max out ur pay at a miserly rate by 40 yo.

Originally Posted by Unregistered (Post 74863)

I don't see what's the problem with getting $7700 at 40. It's not rich for sure, but it is a stable income with every year more or less guaranteed 2-3 months bonus (even if hit ceiling cannot increase much in the future). This is more than enough for a family of 4 with HDB and Jap car.

The problem with many people here is lots of fantasy about earning big money, dreaming of living the high life and no concrete achievements. I don't think a SVP/MD of some international bank is going to hang around here to chit chat anyway.

Originally Posted by Unregistered (Post 74867)

at least ppl dare to dream with ambition, better than just living a sad life as a sandwich class forever

Originally Posted by Unregistered (Post 74826)

AVP in banking ~200k all in & most bankers can reach this level in a few years.

Originally Posted by Unregistered (Post 74857)

I'm 39 this year. I guess the only sad thing is that since I already hit the ceiling, I won't have any more increments unless they change the scheme or I aim to be in a leadership position. I can't complain too much since my working hours are relatively decent.

Although the pay you get is the same if you teach in primary, secondary or junior college, the working hours and what you will do is quite different. This is just my opinion. In primary school, work is sometimes more tedious and if you teach lower primary, it includes even cleaning up at times. In a Junior College, I guess its more intellectually challenging since the students are older and the subjects are more advanced. Technically teaching secondary school is the "worst" as the hours and workload are the heaviest (although this might still depend on the school) but many students are usually most grateful to their secondary school teacher. From what I know, most teachers burn out teaching in a secondary school but I guess it also depends on the individual.

Originally Posted by Unregistered (Post 74859)

tats the prob with gov sector, as long as ur not a scholar, they max out ur pay at a miserly rate by 40 yo.

Originally Posted by Unregistered (Post 74826)

AVP in banking ~200k all in & most bankers can reach this level in a few years.

Originally Posted by Unregistered (Post 74876)

Actually it's more of the sector rather than just rank.

Mass banking sales- basic abt 3.5-3.8k mthly, commission abt 2k-3k mthly (averaged out)
Premier/Priorty banking sales- basic about 5k-5.8k mthly, commission abt 3k (averaged out)
Private banking sales- basic about 10k-12k mthly for AVP, about 15k-18k for VP. Annual bonus ranges quite widely.

Yes it's true that a AVP or AD can take back annual package of more than 200k. But this is more true for performers.

Above info is based on my current experience in banking sales (15yrs now). But it's not fulfilling in many ways. So everyone makes your own choices.

Originally Posted by Unregistered (Post 74863)

I don't see what's the problem with getting $7700 at 40. It's not rich for sure, but it is a stable income with every year more or less guaranteed 2-3 months bonus (even if hit ceiling cannot increase much in the future). This is more than enough for a family of 4 with HDB and Jap car.

The problem with many people here is lots of fantasy about earning big money, dreaming of living the high life and no concrete achievements. I don't think a SVP/MD of some international bank is going to hang around here to chit chat anyway.