Salary.sg Forums - pay for gov/public sector vs mnc vs sme

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Quote:

Originally Posted by Unregistered (Post 29309)

who are considered scholar? is there some special scholarship or any scholarship during bachelor/master/phd?

The Singapore Administrative Service

This should help you understand more. Do note that not all who enter the hallowed gates pass the test of time!

Quote:

Originally Posted by Unregistered (Post 29237)

Mnc > cs > sb > sme

true..can someone shed light on the breakdown of countries of MNCs..eg US/China/UK/India/Korea/Japan etc etc..or the industry they are in?

MNC are everything here, its the things you breathe, the things you put in ur car, the things you use to come this forum, the things you eat, the thingds you sleep.

But most of the MNC here are japanese..... and they are... well "not the best".

Quote:

Originally Posted by Unregistered (Post 29345)

true..can someone shed light on the breakdown of countries of MNCs..eg US/China/UK/India/Korea/Japan etc etc..or the industry they are in?

u mean which countries MNC offers the best pay and benefits is it? Likely US MNCs are better..anyone can share some other info?

Quote:

Originally Posted by Unregistered (Post 29373)

u mean which countries MNC offers the best pay and benefits is it? Likely US MNCs are better..anyone can share some other info?

Have been in 2 giant US MNC for the past 8 years...really giant, you see their name quite often on newspaper.. I will say..haaaaa

it really depend on what industry you are in, i was in consumer electronic, the profit margin is basically flat, market is very sensitive to consumer purchasing power, what do you think about the compensation?

But i think for sure, the environment is much more friendly, people respect each other well and there is work life balance.. i can't remember i came across anyone banging table or raising their voice..

well this is my 8th years, my compensation as a senior engineer, project lead is only about 75k per annum , base pay.

Just accepted new offer from another MNC providing industrial solution, hope to cross 100k soon, crossing finger..

Quote:

Originally Posted by Unregistered (Post 29260)

you are the one start this thread asking generalise question about gov sector, mnc, sme etc.

now you tell others not to generalise then what is the point of this topic

My point for that is most MNC start off as SME...
But I do also realise that there are different grades of SME, some S, some M.
Hmm maybe my thread title was a little off.

So from the discussion here I can conclude

SME - possibility to make it big or fail trying
MNC - high earning potential but face high retrenchment risk at 40+
CS - slow and steady
SB - slower and steady

I am in the accounts field, so I was wondering if accounts dept will get retrench and how much difficulty will they face when finding for a new job.

I am worried that my career will be cut short at 40+ and will face difficulty finding job to support the family.

Quote:

Originally Posted by bladez87 (Post 29408)

My point for that is most MNC start off as SME...
But I do also realise that there are different grades of SME, some S, some M.
Hmm maybe my thread title was a little off.

yep mnc start off as sme just like you start off as a baby. great insights!!!

Quote:

Originally Posted by cslee (Post 29306)

At last, someone is talking some sense, not like the other guy who totally missed my points in making swiping statements against a respectable sector in totally out of context manner. Government service is definitely not the highest paying sector but it's the most predictable career path (consistency here) i.e. you should be able to feed you and your family comfortably well and spend quality time with them. If you do work *consistently* smart/well and maintain good working relationships with your peers and bosses, I see very high chance (another consistency) of least retiring at MX9 and above. Just that most of the young officers don't last that long (including scholars - yes, many won't stay long either). I've with the service for quite sometime. Many had joined same time with me, but my batch only left with very few (sometime you can't help but can feel quite lonely at just beginning of mid-way).

Increments may be slow at beginning but can get quite rewarding in longer time span i.e. law of compound interests of 4-8% p.a. for average joe with occasional promotions of 8-15% (another consistency).

Having said that, you still won't be as rich as the top private bankers, top managers, top accountants etc unless you are absorbed into AO (very rare but still possible).

On the other hand, private sector is more rewarding and at same time chances of getting nowhere is also real e.g. US MNC is known to hire generously and fire quickly. Personally, I knew quite a few business acquaintances were hired into VP roles at young age in some IT US MNC but were at gone after 1-3 years (heard of being "fired" or "retrenched"). I also noted someone in thread mentioned that being unpredictable is fun. But I also do believe many still prefer stability (another "consistency" in career).

Why did your peers leave? And I was under the impression that experience in CS is irrelevant to the private sector, does that mean that your peers started from bottom again in the private sector?

Quote:

Originally Posted by Unregistered (Post 29410)

yep mnc start off as sme just like you start off as a baby. great insights!!!

sarcasm????