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27-07-2017, 08:22 PM
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You can be securing a perm role 3 ish
Or a contract role, able to keep switching every few months.
Each switch is probably higher than the previous co.
Ultimately land into a Ang moh bank, get converted to perm.
the latter course you be drawing close to mid 5 given how generous the angmoh bank are. Then jump to Asian bank to secure base with high bonus
In the former route which I took, I only get small increments that are nothing to shout about. And once your first pay is low, there's nothing much you can do when negotiating with those fk HRs
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27-07-2017, 09:47 PM
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Are contractors entitled to OT pay?
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31-07-2017, 08:23 AM
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I am also taking up a contract position, but in a hospital. The salary I am offered is only a 1.6% (yes, one point six percent) increment of my previous salary. Is this normal? Or am I getting shortchanged?
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01-08-2017, 10:52 PM
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Quote:
Originally Posted by Unregistered
You can be securing a perm role 3 ish
Or a contract role, able to keep switching every few months.
Each switch is probably higher than the previous co.
Ultimately land into a Ang moh bank, get converted to perm.
the latter course you be drawing close to mid 5 given how generous the angmoh bank are. Then jump to Asian bank to secure base with high bonus
In the former route which I took, I only get small increments that are nothing to shout about. And once your first pay is low, there's nothing much you can do when negotiating with those fk HRs
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What would be the best way to increase your base in a perm role? Switch banks every 1-2 years? Would perm positions be more easily obtainable for experienced hires?
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25-09-2017, 02:10 AM
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Regarding Contract Role in AML Investigation
Hi, I'm working as a AML Investigation contract executive currently at a bulge bracket bank. I am interested in risk management and investment management. May I have any advises from you guys about the career path progression possibility? Is it possible for me to leverage this experience in my CV? Thank you.
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26-03-2019, 11:24 PM
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Verified Member
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Join Date: Nov 2014
Location: Singapore
Posts: 28
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contract role vs perm role in a local bank
Hi,
I interviewed in a local bank for a perm role. Now the bank is turning around and telling me that they can offer me a direct contract but not a regular role. They have constraints on budget, headcount, etc. They can get approvals for a direct contract but not a perm role.
Is this true? Perm role or contract, they still need budget approval and headcount approval. Who are they kidding?
Or is there something I am missing?
Thanks,
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11-10-2019, 08:07 PM
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Hi, i am currently on my 2nd contract job doing AML, salary is in mid 4s. If i apply for a perm job, will they base my salary on my contract pay?(Have no bonus).
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11-10-2019, 11:09 PM
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It should be based on your last drawn pay. But still depends on what perm role you are applying to, or whether that perm role is worth your last drawn pay.
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