Compare your annual salary (2008)

If every year increament 3 to 5% (disregards of paid freeze during crisis) and promotion 2 to 3 times (each promotion with 1k increment). How to reach from 2k to 10k in 7yrs? Unless we Job Hop...........

hi ...

36 years old, in IT line, local grad ... earning 160k per annum ...

Hi IT Consultant, do most of your cohort in the IT line earn as much as you? If not, what do you think is their average compensation?

Hi IT consultant,

What are the skills you gain to earn a fat pay check?

hi all, I am 31 and making 150k pa without factoring in my options and bonus.
Obviously, not all in my cohort earn that much, as most of you may have already found out.
Skills, average compensation are the wrong questions. You should ask which industries/fields and position will allow you to command the salary. =)

Dear "another IT consultant", so which industries/fields and positions will allow consultants like yourself to command such good salaries?

http://www.hays.sg/salary/pdfs08/Information%20Technology.pdf
my pay ain't fantastic

Well, many of us out there certainly think otherwise. Appreciate your modesty. Could you fill us in a bit on which are the industries/fields and positions that give such <i>reasonable</i> salaries?

Hi guys - true that certain industries / skill sets contribute to pay, but at the end of the day, it is the company that you work for that matter

Usually, unless the employees are shareholders of a local company, those earning more than 100K per annum were hired by a MNC. Their talent could be equal to someone working in a local company, but it is luck / ambition / political finesse that makes the difference.

Big companies like Cisco, SAP, Avaya have no qualms about paying a 30 year old IT consultant / specialist more than 120k a year as these are equivalent rates in the US. In Singapore, the local rate for a IT consultant should range from 3-6K max for someone in early thirties (even banks pay that rate) - it really has to do with the financial capacity of the hirer.

If you are willing to make the switch, you could be amazed by the leap in salary scale - of course you might think the responsibility is greater (now that you are carrying a MNC's reputation), the actual fact is that nothing much differs from a local company! You may (in the case of some US companies) work less, enjoy more freedom, more perks to your comp plan and ultimately climb the corporate ladder a lot faster thanks to the impressive MNC name in your resume.

My friends, in their early thirties, as IT consultants for MNCs, get on average 150-180K per annum, and they lament that they are not getting enough - the irony of human greed.

So think about making the switch - there are far less competent 'talents' out there in MNCs than you think (because I know) - what they might have are guts, good verbal skills and of course, unverified glowing CVs. For all you know you could be the next one enjoying that 5 figure paycheck. Good luck

Foreign banks pay quite well too. Well foreign banks are MNCs too.