29/M/single - can I find anything better? - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




29/M/single - can I find anything better?

Reply
 
Thread Tools
  #1 (permalink)  
Old 11-08-2015, 07:33 PM
Junior Member
 
Join Date: Aug 2015
Posts: 5
amka is on a distinguished road
Default 29/M/single - can I find anything better?

I'm a 29 year old, single expat working on local pay (no benefits), and I make about $175,000 per annum. I've been thinking about a new career move lately, but I've come to the realisation that perhaps better job prospects may be difficult to find here compared to my current situation.

I'm certainly grateful for what I get now, but looking to get some different perspectives from those who know more about the Singapore job landscape.

Reply With Quote
  #2 (permalink)  
Old 11-08-2015, 11:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by amka View Post
I'm a 29 year old, single expat working on local pay (no benefits), and I make about $175,000 per annum. I've been thinking about a new career move lately, but I've come to the realisation that perhaps better job prospects may be difficult to find here compared to my current situation.

I'm certainly grateful for what I get now, but looking to get some different perspectives from those who know more about the Singapore job landscape.
how can u be an expat when ur on local pay without benefit? by definition that means ur just a foreign national staff working here, not on expatriation.

Reply With Quote
  #3 (permalink)  
Old 11-08-2015, 11:50 PM
Junior Member
 
Join Date: Aug 2015
Posts: 5
amka is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
how can u be an expat when ur on local pay without benefit? by definition that means ur just a foreign national staff working here, not on expatriation.
Fair point, foreign national staff it is.

Reply With Quote
  #4 (permalink)  
Old 12-08-2015, 12:12 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by amka View Post
Fair point, foreign national staff it is.
How can a foreign staff be hired on local package and command such a high salary? Do you mean that all those 29 year old in your company are paid similar salaries as you?

I was under impression all these people who come to Singapore are paid hefty money compared to the locals as they are on an expat salary package. If they are on local salary package then they would not command the high salaries.

How many local 29 year olds are paid $175,000 per annum? By the time we finish our degree in a local uni, we are around 24-25. Even with a first class honours, it's close to impossible to reach this salary on local pay in 4 years time.

Maybe, to inflate our salaries and feel happy, we can include Employee contributions but still it might fall short of $175,000 by 29.
Reply With Quote
  #5 (permalink)  
Old 12-08-2015, 12:36 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How can a foreign staff be hired on local package and command such a high salary? Do you mean that all those 29 year old in your company are paid similar salaries as you?

I was under impression all these people who come to Singapore are paid hefty money compared to the locals as they are on an expat salary package. If they are on local salary package then they would not command the high salaries.

How many local 29 year olds are paid $175,000 per annum? By the time we finish our degree in a local uni, we are around 24-25. Even with a first class honours, it's close to impossible to reach this salary on local pay in 4 years time.

Maybe, to inflate our salaries and feel happy, we can include Employee contributions but still it might fall short of $175,000 by 29.

There are many jobs which pay fresh grad very well. Even if you exclude all the investment bankers, >6k starting pay is not unheard of.
Reply With Quote
  #6 (permalink)  
Old 12-08-2015, 09:03 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How can a foreign staff be hired on local package and command such a high salary? Do you mean that all those 29 year old in your company are paid similar salaries as you?

I was under impression all these people who come to Singapore are paid hefty money compared to the locals as they are on an expat salary package. If they are on local salary package then they would not command the high salaries.

How many local 29 year olds are paid $175,000 per annum? By the time we finish our degree in a local uni, we are around 24-25. Even with a first class honours, it's close to impossible to reach this salary on local pay in 4 years time.

Maybe, to inflate our salaries and feel happy, we can include Employee contributions but still it might fall short of $175,000 by 29.
banking jobs 175k by 29 yo is very common. fresh grad in fo can already reach 200k+ inc bonus.
Reply With Quote

  #7 (permalink)  
Old 12-08-2015, 10:55 AM
Junior Member
 
Join Date: Aug 2015
Posts: 5
amka is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
How can a foreign staff be hired on local package and command such a high salary? Do you mean that all those 29 year old in your company are paid similar salaries as you?

I was under impression all these people who come to Singapore are paid hefty money compared to the locals as they are on an expat salary package. If they are on local salary package then they would not command the high salaries.

How many local 29 year olds are paid $175,000 per annum? By the time we finish our degree in a local uni, we are around 24-25. Even with a first class honours, it's close to impossible to reach this salary on local pay in 4 years time.

Maybe, to inflate our salaries and feel happy, we can include Employee contributions but still it might fall short of $175,000 by 29.
I don't know much other people my age make, but had I received the full expat package (car, housing, country club membership(s), home leave, etc), the overall package would've doubled or more probably.

I should note that my base pay is $150,000 per annum, excluding any health or employer contributed benefits.

Quote:
Originally Posted by Unregistered View Post
banking jobs 175k by 29 yo is very common. fresh grad in fo can already reach 200k+ inc bonus.
I currently work in a MNC, so not in the finance sector. Is banking the only sector to have that level of pay at 29?
Reply With Quote
  #8 (permalink)  
Old 12-08-2015, 12:58 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
banking jobs 175k by 29 yo is very common. fresh grad in fo can already reach 200k+ inc bonus.
many jr vp can easily hit 175k all in. if female no ns 25 yrs old already can.
Reply With Quote
  #9 (permalink)  
Old 12-08-2015, 01:07 PM
Unregistered
Guest
 
Posts: n/a
Default

i would love to take your job. 175k pa is serious dough. most ppl would be damn happy to get 100k pa at age 29.
Reply With Quote
  #10 (permalink)  
Old 12-08-2015, 01:26 PM
Unregistered
Guest
 
Posts: n/a
Default

I find it hard to believe the normal banking jobs can really pay 200k at age 30. Not talking about investment bankers, but personal, corporate banker or back office like IT, product marketing, compliance, HR, accounting etc. can hit so high so fast?
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Advice needed from everyone (Lonely single & Retirement) FineStone324 Income and Jobs 31 12-06-2021 08:18 PM
How much is needed for a single guy to survive in Singapore? temp111 Income and Jobs 80 12-04-2016 05:31 PM
Find the right wok in Dubai WheelerHJose Income and Jobs 0 19-06-2013 05:38 PM
Single VS Double major/ Honours VS Masters fishbone Education and Personal Growth 7 06-07-2012 09:55 PM
Find a job.. takoda Income and Jobs 0 25-08-2009 01:24 PM

» 30 Recent Threads
GovTech ( 1 2 3... Last Page)
8,954 Replies, 3,693,047 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,725 Replies, 857,235 Views
Career as Teacher ( 1 2 3... Last Page)
13,080 Replies, 8,792,150 Views
Roles in accenture singapore ( 1 2 3... Last Page)
9,118 Replies, 3,214,992 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
21,809 Replies, 7,097,725 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
7,344 Replies, 4,725,845 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,948 Replies, 1,863,714 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
1,258 Replies, 808,978 Views
How is life as a doctor in... ( 1 2 3... Last Page)
10,984 Replies, 4,569,840 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,747 Replies, 1,508,606 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,588 Replies, 5,720,134 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,066 Replies, 580,954 Views
Lawyer Salary ( 1 2 3... Last Page)
22,507 Replies, 12,660,911 Views
Engineer Pay ( 1 2 3... Last Page)
690 Replies, 553,623 Views
Achievers Dream Learning Centre,... ( 1 2 3... Last Page)
36 Replies, 7,604 Views
Work culture in IHiS ( 1 2 3... Last Page)
929 Replies, 756,071 Views
ST Electronics ( 1 2 3... Last Page)
4,304 Replies, 2,114,735 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
1,315 Replies, 784,869 Views
Work life and culture as a Project...
6 Replies, 2,086 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
2,122 Replies, 1,997,880 Views
Compare civil service salary ( 1 2 3... Last Page)
17,006 Replies, 14,726,039 Views
If you can't find a company here... ( 1 2 3... Last Page)
160 Replies, 78,190 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,795 Replies, 1,538,204 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
439 Replies, 871,017 Views
Open Government Products (under... ( 1 2 3... Last Page)
31 Replies, 39,970 Views
JP Morgan ( 1 2 3... Last Page)
228 Replies, 256,916 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,730 Replies, 1,057,701 Views
ICA (under Home Affairs) ( 1 2 3... Last Page)
113 Replies, 269,250 Views
Whats your net worth ( 1 2 3... Last Page)
2,976 Replies, 1,545,307 Views
Asking about the life in LTA &...
8 Replies, 1,903 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:03 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2