Professionals and Managers - Is Your Pay above the Median?

Wah, sure or not managing directors’s median pay is only that much? That’s really underpaid man…

skewed downwards by SME towkays.

puzzled, local u also can be consultant? LOL must be the only person there like you said. The common profile is insurance/financial consultant.
Associate is what freshies (without MBA) become I thought?

There’s a gulf between S$5K to US$90K pa though, which is S$135k. Since you say that’s package for consultant with MBA, it’s safe to assume by then the applicant is at least 30 years old.

goldiggers, there are very athletic, non-nerdy PSC scholars. They are brainy,..in a cerebral way, and tend to have intellectual hobbies, eg like to read, invest, but I also know quite a few sporty ones. Gun for the PSC scholars in SAF, they’re fit, athletic and make a lot of money at a young age, don’t even need to be AOs. Generally, they do not club but instead go out for drinks, more of live bands, pubs, wine bars and restaurants.

PSC scholar types don’t have the time to date much, explore the singles scene or much time for leisure due to their careers. Knowing them through friends is the best bet, that’s how the ones I know were hooked by the women they are with.

Talking about PSC scholars I just realised that I know of one young person below 30 who has been a high earner.
I don’t know him that well as he’s the husband of my buddy’s sister.
He was a scholar and was posted overseas and according to my buddy he was earning superscale after his posting.
I don’t know many scholars so i don’t know if our govt are paying them all very well at such young ages and set for life.
I seems to have read before about scholars also not doing well.
Just like the small group of elite players in EPL earning truckloads of money weekly vs the other scrubs playing in the lower divisions?

yes, I hear only a couple of top students fr local u (maybe just 1or 2 per year from the 1st class honours and accelerated master’s prog) will be lucky enough to make it to consulting, the majority of the peers are fr ivies.

every company can give whatever titles they like, fr what I know the analyst rank is the most entry level and associate(mostly MBAs or phd here) is above it.(maybe some firms call them assc and then snr assoc). every company needs number crunchers/ MS office experts……associate job scope is very similiar to that of analyst except that he has more facetime with customers. (1 mackin assoc I know is fr mitsloan and the other fr uchicago mba)

consultants work very shitty hours, tons of traveling (only at home country fr late Fri night~early Mon morning) but remember you still have to go back to office on Sat to asskiss your bosses/colleagues. constant brain crunching/storming, but if you like the ‘up or out’ culture, consulting is very good for the resume.

most analyst, after 2~3yrs, find it hard to be promoted to associate will leave to do an mba or join another industry. associates not fired after 2~3 years might be promoted to lead a team of anaylst/assoc, and the holy grail in consulting is to become a partner

mba grad fr top prog are near or in the early 30s, since the better prog only accept at least 3~5yrs work b4 admitting.

golddiggers, I believe scholar types are a better bet since they play safe and lead a normal life.

traders on the other hand, lead a fast life…do fancy stuffs but can be very short term investments ( so to speak).

a good scholarly type will very likely drive a good european car, but should never be driving a porsche/lambo

most sme owners don’t pay themselves a lot of money, since he uses $$ from the company account or more $$ is needed for cashflow/investments.

however, if the company is stable, the owner will have the best job in the world ‘cos he can work short hrs, enjoy good quality of life compared to the other slaves working for corporates or $$ (ie consultants, investment bankers)

Is this for real? Its very low.

http://hk.hudson.com/documents/Hudso...nformation.pdf

middleclass, scholarships and hence scholars come in different ranks and grades. Scholarships are just like everything else in life. As much as some people or even the govt themselves like to gloss over with PR spiel, its like bags, cars, property and everything else. How can everything be only one grade and all be the same class? BMW is not Kia. Its not a politically correct fact to face up to, especially if the person is the deluded type.

PSC scholarships are premium scholarships over the rest. And generally only overseas ones are considered scholars.

And then you have those people on local study awards given out readily calling themselves scholars to everyone, when they are not. You know how easily and many of those they give out like flyers in the civilian ministries, stat boards, SAF, teaching service to local uni all the chapalang also calling themselves scholars thats why. Those are nothing more than HR tools to fill rank and file positions, especially so for sectors that enquire mass recruitment eg teachers, SAF officer.

golddiggers, they can’t drive porsche/lambo, since they’re closely watched by bosses and public. That’s the thing, they and their wives may be in public eye and if you’re serious about dating this type, i think you should know this downside. They can have wealth but aren’t allowed to flash it. If they do, they may get flak. It doesn’t mean living in a shack, but it does mean he’s unlikely to drive a ferrari even if he can afford two of it. Both scholars and traders can be funny, witty guys. I have both sets of people as friends. So I know.