SIM-RMIT fresh grad starting pay

[Leody]

Originally Posted by Unregistered

Degree is no needed to do business, I think that is super obvious.

Back to main point, so where are those banking ppl making a few hundred thousand after working 6 years SIM people you were talking about earlier? Linkedin profile please.

I don't understand why you are so obstinate about looking at LinkedIn profile but sorry I don't have it. if you want proof, well... I have none. But I don't see the need why I should convince you

Originally Posted by Leody

I don't understand why you are so obstinate about looking at LinkedIn profile but sorry I don't have it. if you want proof, well... I have none. But I don't see the need why I should convince you

In short, another big cannon fairy short of evidence but plenty of excuses.

And please spare me the lame passive aggressive smiley nonsense.

Originally Posted by Unregistered

In short, another big cannon fairy short of evidence but plenty of excuses.

And please spare me the lame passive aggressive smiley nonsense.

cool down bro. this sort of thread mainly for tcss, no need to get serious.

Originally Posted by Unregistered

cool down bro. this sort of thread mainly for tcss, no need to get serious.

To a lot of people spreading hearsay/rumors or lying to boast might be just tcss to pass time like you say, but it has the potential to do real damage especially to fresh grads without work experience.

All these stories about private degree "friends" who within a very short time make huge amounts of money in places like banking & finance cause people to have unrealistic expectation and miss out on good careers, not to mention cause self-esteem issue.

If real still never mind, but most likely all BS. Everytime ask for evidence, the usual excuse like privacy, no social media, too successful to bother with linkedin etc.

[Leody]

Originally Posted by Unregistered

To a lot of people spreading hearsay/rumors or lying to boast might be just tcss to pass time like you say, but it has the potential to do real damage especially to fresh grads without work experience.

All these stories about private degree "friends" who within a very short time make huge amounts of money in places like banking & finance cause people to have unrealistic expectation and miss out on good careers, not to mention cause self-esteem issue.

If real still never mind, but most likely all BS. Everytime ask for evidence, the usual excuse like privacy, no social media, too successful to bother with linkedin etc.

Ok I guess we had a misunderstanding here and I apologise for any unnecessary misunderstanding. End of the day, I would like to give factual help to people around the forum too. Like I said, I agreed having a private degree tends to lose out to the local grads, especially when you go for your first job interview. By all means I am lucky to be able to join the public service and I have quite a few fellow course mates from RMIT with People's Association drawing about close to 90-100k per annum (including bonuses) after working for like 6 years.

I am not saying that everyone I know that goes into banking are earning several hundred thousands per year, its probably a handful (like 4-5 max) out of several hundreds of people I know. And one fact is that these people are usually in sales with very good people connection. In terms of asset management and other functions, not really. I am stating that it is hard but nothing is impossible. I also do have friends who are still making do with 3-4k salary a month after several years of working but they are usually the happier bunch among us with little stress.

It is not good to raise the hopes of our juniors too high at the same time, I do not wish to dampen their spirits.


Hope that clear things up.

Leo,
Part-time writer of incomeachiever.com

SIM grad here, joined Citi@ 3.5k and after 2 years moved on to HSBC @ 5.2k. To all other SIM grads there I say don't give up and work hard join a good company & the $ will come naturally.

Originally Posted by Unregistered

SIM grad here, joined Citi@ 3.5k and after 2 years moved on to HSBC @ 5.2k. To all other SIM grads there I say don't give up and work hard join a good company & the $ will come naturally.

Hi, not bad. So in total you drawing 5.2k for 2 years exp after SIM? Or got work exp before SIM?

SIM GE grad here:

2013 - 3.2k
2014 - 3.5k
2015 - 5.5k
2016 - 5.8k
2017 - 6.5k

A few points/tips:

1) I'm lucky to be in a hot industry - IT
2) As a SIM grad, you will have better luck in an SME. Your contribution/impact will be better noticed and appreciated. I intentionally did not apply to the big IT service companies when I graduated.
3) Once you have proven yourself, take ownership of your career. Take note of your contributions, and ask the management for more. This is what I did in 2015. If you do not do this, your increments will be on autopilot (i.e. less than 10% per year, usually on the lower end)
4) I did it again this year - wasn't as successful, but still managed to squeeze 12% in the current business climate. With allowances, I'm making close to 7k.
5) I got 2nd lower but nobody cares once you have proven yourself.

So to everyone, doesn't matter private degree graduate or Ivy league guys, do yourself a favour, own your career and ask for more!

Best resource I can recommend on asking for more: Google "patio11 salary negotiation" (not sure if links are allowed here)

Originally Posted by Unregistered

Hi, not bad. So in total you drawing 5.2k for 2 years exp after SIM? Or got work exp before SIM?

2 years work experience in total.

My type of profile is very common. Some of my colleagues in HSBC can move up to VP level within 5 years which are able to draw >10k.

Originally Posted by Unregistered

2 years work experience in total.

My type of profile is very common. Some of my colleagues in HSBC can move up to VP level within 5 years which are able to draw >10k.

This is only possible if you are in some sort of sales position.