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How much is paid for a fresh graduate Software Engineer?

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  #1 (permalink)  
Old 10-04-2012, 07:08 PM
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Default 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.

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Old 10-04-2012, 07:53 PM
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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!!!



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Old 11-04-2012, 02:25 PM
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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.

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Old 11-04-2012, 03:43 PM
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Quote:
Originally Posted by Unregistered View Post
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.
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Old 11-04-2012, 08:55 PM
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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.
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Old 13-04-2012, 05:15 PM
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bullsh.t ...where got 10k

I graduate from nus computer science and my first pay check is 9k only
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Old 13-04-2012, 05:22 PM
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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.
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Old 13-04-2012, 05:25 PM
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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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