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-   -   Realistic Starting Pay for fresh grads 2016? (https://forums.salary.sg/income-jobs/7147-realistic-starting-pay-fresh-grads-2016-a.html)

Unregistered 24-04-2016 01:10 PM

Quote:

Originally Posted by Unregistered (Post 84339)
Lol, I think you must either be from CS or a poor performer in university. I have not seen any real high flier choose CS willingly. Zero.

i think you must either be still in secondary school or have been living in a cave.

try googling president scholars. these are real high fliers who will be earning close to a million a year as Perm Sec who chose CS willingly.

there is no lack of high fliers in both the private and public sector. and it is meaningless to compare these outliers. wan to compare, compare the bulk of the groups. The fact is that 60% of the ppl in the private sector dont make as much as their counterparts in the public sector. factor in non-monetary benefits such as work life balance, chances of retrenchment, instability due to economic cycle, etc. perhaps onli the top 20% of those in the private sector are truly better off.

The issue is that 100% of the ppl think that they are the top 20%. they think that through handwork and capabilities, they can climb to the top. unfortunately, this is not going to happen for 80% of them.

Unregistered 24-04-2016 01:16 PM

The high flying scholars are an anomaly. Are you a president scholar?

If you are comparing apples to apples, MNC/banking vs CS, which this discussion is about, it's a no brainier. I like how you talk about president scholars and PS as though you are ever going to be lol lol lol. Biggest joke of the day!

Unregistered 24-04-2016 01:28 PM

Where did you get your figures from? Ie, 80% of people in private sector earn less than public. Mind you CS salaries are paid for by the private sector in the form of taxes.



Quote:

Originally Posted by Unregistered (Post 84343)
i think you must either be still in secondary school or have been living in a cave.

try googling president scholars. these are real high fliers who will be earning close to a million a year as Perm Sec who chose CS willingly.

there is no lack of high fliers in both the private and public sector. and it is meaningless to compare these outliers. wan to compare, compare the bulk of the groups. The fact is that 60% of the ppl in the private sector dont make as much as their counterparts in the public sector. factor in non-monetary benefits such as work life balance, chances of retrenchment, instability due to economic cycle, etc. perhaps onli the top 20% of those in the private sector are truly better off.

The issue is that 100% of the ppl think that they are the top 20%. they think that through handwork and capabilities, they can climb to the top. unfortunately, this is not going to happen for 80% of them.


Unregistered 24-04-2016 01:51 PM

Quote:

Originally Posted by Unregistered (Post 84344)
The high flying scholars are an anomaly. Are you a president scholar?

If you are comparing apples to apples, MNC/banking vs CS, which this discussion is about, it's a no brainier. I like how you talk about president scholars and PS as though you are ever going to be lol lol lol. Biggest joke of the day!

High flying in CS do not necessarily have to be scholars. For example, the FSO scheme in MFA and other specialist schemes such as IO only hire high flyers and most of them are very brilliant, motivated and hardworking. The pay may ultimately not match up to those in IB but it is certainly competitive (starting pay of 4.5-5k) and anyway for most of these people they are motivated more by passion than by money.

Besides, you talk about MNC/banking as if it's that common. Last I checked, the high flying MAPs are also a minority in the private sector...

Unregistered 24-04-2016 01:56 PM

The joker who commented that CS pays better is a moron.

Even PS who are at the very TOP of the CS don't get paid as well as the TOP people in the private sector: investment bankers, CEO's, lawyers etc. what a clown.

Unregistered 24-04-2016 02:10 PM

Quote:

Originally Posted by Unregistered (Post 84348)
The joker who commented that CS pays better is a moron.

Even PS who are at the very TOP of the CS don't get paid as well as the TOP people in the private sector: investment bankers, CEO's, lawyers etc. what a clown.

Stop trolling the thread. TS asked for advice. He got offered 2.7k. In this case, CS is obviously a better option for him

Unregistered 24-04-2016 04:16 PM

Quote:

Originally Posted by Unregistered (Post 84349)
Stop trolling the thread. TS asked for advice. He got offered 2.7k. In this case, CS is obviously a better option for him

Need to look at bigger picture.
My BIL got drawn in to CS due to joining bonus and high initial pay compared to private.
Fast forward 10years he's trying to get out of CS but no private sector wants him, end up llst sign another 10 year contract. CS=it's the end.

Unregistered 24-04-2016 04:37 PM

Career progression and salary progression is def worse in the civil service unless you are a scholar.

Unregistered 24-04-2016 05:18 PM

Quote:

Originally Posted by Unregistered (Post 84352)
Need to look at bigger picture.
My BIL got drawn in to CS due to joining bonus and high initial pay compared to private.
Fast forward 10years he's trying to get out of CS but no private sector wants him, end up llst sign another 10 year contract. CS=it's the end.

Yea what your BIL never tell you is the reason no private sector wants him is he is overpaid in CS... I have seen numerous people like that, they make a big show telling everyone how "bad" the situation is, how they get "stuck" in CS etc. but conveniently neglect to tell everyone that's because their pay is too high compared to private sector.

People can laugh at how CS cannot make it, paper pusher, no progression, cannot be tycoon etc. But the fact is they are drawing 150k++ salary every year like iron rice bowl all the way to 67 while some 50 year old low level pte sector manager will be begging for mercy from his FT boss not to retrench him.

Unregistered 24-04-2016 05:41 PM

Quote:

Originally Posted by Unregistered (Post 84356)
Yea what your BIL never tell you is the reason no private sector wants him is he is overpaid in CS... I have seen numerous people like that, they make a big show telling everyone how "bad" the situation is, how they get "stuck" in CS etc. but conveniently neglect to tell everyone that's because their pay is too high compared to private sector.

People can laugh at how CS cannot make it, paper pusher, no progression, cannot be tycoon etc. But the fact is they are drawing 150k++ salary every year like iron rice bowl all the way to 67 while some 50 year old low level pte sector manager will be begging for mercy from his FT boss not to retrench him.

i do agree

people with 1st class with NS at age 32 already getting high 6k to 7k in CS.

my side is GLC (can consider private) only getting max 4.5k - 5k with same years of exp.

the increment in CS is really very good, can get 2XX - 4xx of increment per year. whereas in my GLC only 100-150 only....

to hit 7k in my GLC maybe need to work 15-20years from fresh grad

Unregistered 24-04-2016 05:53 PM

Only a few with FCH can get above $150k la..
Our yearly budget would have been negative if they pay every CS staff for idling around stroking each other's balls.

Quote:

Originally Posted by Unregistered (Post 84356)
Yea what your BIL never tell you is the reason no private sector wants him is he is overpaid in CS... I have seen numerous people like that, they make a big show telling everyone how "bad" the situation is, how they get "stuck" in CS etc. but conveniently neglect to tell everyone that's because their pay is too high compared to private sector.

People can laugh at how CS cannot make it, paper pusher, no progression, cannot be tycoon etc. But the fact is they are drawing 150k++ salary every year like iron rice bowl all the way to 67 while some 50 year old low level pte sector manager will be begging for mercy from his FT boss not to retrench him.


Unregistered 24-04-2016 06:21 PM

I don't know why is it so remarkable to earn 6-7k at age 32.

All of the top private sector people are getting that amount in their first few years of work... They probably hit 10k by 30. I am referring to MAs across banks and MNCs, which are also similar FCH caliber people that you mentioned in CS.

Unregistered 24-04-2016 06:31 PM

Quote:

Originally Posted by Unregistered (Post 84365)
I don't know why is it so remarkable to earn 6-7k at age 32.

All of the top private sector people are getting that amount in their first few years of work... They probably hit 10k by 30. I am referring to MAs across banks and MNCs, which are also similar FCH caliber people that you mentioned in CS.

I'm getting 6k not including bonus. Bonus was 4
Months last year. I'm 27. Private sector(banking). But job stability not as high as civil service. In my one year plus of working, I have seen many upper middle management get fired. They are around 45-55 in age. For civil service can just slack and earn all the way till 67. i hope to retire by 50 before I get axed

Unregistered 24-04-2016 06:45 PM

Quote:

Originally Posted by Unregistered (Post 84362)
Only a few with FCH can get above $150k la..
Our yearly budget would have been negative if they pay every CS staff for idling around stroking each other's balls.

not really, cs pays 16+ mths package. u only need abt 9k mthly to get that. most long timers old enough can hit 9k.

Unregistered 24-04-2016 06:47 PM

Quote:

Originally Posted by Unregistered (Post 84367)
not really, cs pays 16+ mths package. u only need abt 9k mthly to get that. most long timers old enough can hit 9k.

Please lor, a lot of private sector MNC pay above 10k after 2-3 years. Frog in the well.

Unregistered 24-04-2016 06:51 PM

Most in the banking sector are paid >12k after a few years, not sure why the so call civil servant here so sour grape talk nonsense.

Unregistered 24-04-2016 06:59 PM

Quote:

Originally Posted by Unregistered (Post 84368)
Please lor, a lot of private sector MNC pay above 10k after 2-3 years. Frog in the well.

Yeap, oil and gas aside, there are a lot of very good grad/MA programs in private sector MNCs that allow rapid progression and salary increases.

I don't know why so many CS people come here talk until like got tiger, got dragon. Maybe next time they might claim all scholars will BAO Jia become Perm Sec some more.

Unregistered 24-04-2016 07:14 PM

Lol everyone in private sector seems to be doing really well. Looks like civil servants will get to enjoy a pay revision soon as their pay is pegged to the private sector.

Unregistered 24-04-2016 07:17 PM

Quote:

Originally Posted by Unregistered (Post 84362)
Only a few with FCH can get above $150k la..
Our yearly budget would have been negative if they pay every CS staff for idling around stroking each other's balls.

Why would it be negative? Our budget is funded by tax payers. And according to the posts here, taxpayers are doing extremely well in this thriving economy. I am sure the tax they pay is more than sufficient to cover the salary of CS staffs.

Unregistered 24-04-2016 07:38 PM

Quote:

Originally Posted by Unregistered (Post 84368)
Please lor, a lot of private sector MNC pay above 10k after 2-3 years. Frog in the well.

please quote any engineering profession/engineering company that pay this amount 9k after 3 years for engineers?


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