pay for contract jobs

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

Are contractors entitled to OT pay?

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?

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

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?

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.

[samantha_wong]

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,

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).

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.