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 Ethan 10-04-2012 07:08 PM

How much is paid for a fresh graduate Software Engineer?

I am graduating from NTU in this coming June. A reputable technology company has offered me slightly less than S\$3000 per month. Some of my friends work for some start-ups or banks and they earn up to 4k+ per month for an IT-related position.

I don't really know whether I am under-paid or not. Can anyone tell me what the market-standard salary for a fresh software engineer is? Do all of technology companies pay the 13th-month salary? Thank you very much.

 Unregistered 10-04-2012 07:53 PM

1st of all, not all company pay AWS or 13th month.

I would suggest you to join a high starting pay job; ie those abt 4k one as your 1st job...after 3-5 years, then jump ship to another company and request eg 20% more when jump ship....and continue from there...

If you take up the 2.9k job, next time you jump ship will have a disadvantage..

It is simple math:
Assume no promotion in the company after 3 years, with 4% annual increment:
2900 x 1.04^3 = 3262 >>> jump ship 20% more = 3914
4000 x 1.04^3 = 4499 >>> jump ship 20% more = 5398

see the difference!!!

 Unregistered 11-04-2012 02:25 PM

Quote:
 Originally Posted by Unregistered (Post 23598) 1st of all, not all company pay AWS or 13th month. I would suggest you to join a high starting pay job; ie those abt 4k one as your 1st job...after 3-5 years, then jump ship to another company and request eg 20% more when jump ship....and continue from there... If you take up the 2.9k job, next time you jump ship will have a disadvantage.. It is simple math: Assume no promotion in the company after 3 years, with 4% annual increment: 2900 x 1.04^3 = 3262 >>> jump ship 20% more = 3914 4000 x 1.04^3 = 4499 >>> jump ship 20% more = 5398 see the difference!!!
If banks can go up to 4.6k for associate.

 Unregistered 11-04-2012 03:43 PM

Quote:
 Originally Posted by Unregistered (Post 23598) 1st of all, not all company pay AWS or 13th month. I would suggest you to join a high starting pay job; ie those abt 4k one as your 1st job...after 3-5 years, then jump ship to another company and request eg 20% more when jump ship....and continue from there... If you take up the 2.9k job, next time you jump ship will have a disadvantage.. It is simple math: Assume no promotion in the company after 3 years, with 4% annual increment: 2900 x 1.04^3 = 3262 >>> jump ship 20% more = 3914 4000 x 1.04^3 = 4499 >>> jump ship 20% more = 5398 see the difference!!!
Totally agree. Don't settle for less than \$10k for your first job.

 Unregistered 11-04-2012 08:55 PM

Quote:
 Originally Posted by Unregistered (Post 23630) Totally agree. Don't settle for less than \$10k for your first job.
Yes like what Steve Jobs said: Don't settle. Stay hungry, stay foolish.

The best way to stay hungry is to be foolishly out of work. :D

 Unregistered 13-04-2012 05:15 PM

bullsh.t ...where got 10k

I graduate from nus computer science and my first pay check is 9k only

 Unregistered 13-04-2012 05:22 PM

Quote:
 Originally Posted by Unregistered (Post 23769) bullsh.t ...where got 10k I graduate from nus computer science and my first pay check is 9k only

It just means you got a bad deal.
TS: try to get into DSTA. Good starting pay which paves your way to a comfy salary elsewhere.
If pte sector, of course go for the IBs.

 Unregistered 13-04-2012 05:25 PM

Quote:
 Originally Posted by Unregistered (Post 23770) It just means you got a bad deal. TS: try to get into DSTA. Good starting pay which paves your way to a comfy salary elsewhere. If pte sector, of course go for the IBs.
oh really ? then hw much is ur first pay check arh?

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