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How much are you earning per annum?

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  #11791 (permalink)  
Old 12-10-2019, 04:36 PM
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So explain to us how does the political party of Singapore prevent a mnc like Deutsche bank (to whom we all know is facing structural issues) from making people redundant?


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Originally Posted by Unregistered View Post
Guess who she voted for and who she will continue voting for?
Stupidity is is doing the same thing over and over again and expecting a different result.

s://.businesstimes.com.sg/brunch/no-more-laughing-their-way-to-the-bank

SAT, OCT 12, 2019 - 5:50 AM

When Lim Cheng Kee, 49, was laid off from her risk and compliance job at Deutsche Bank in August 2018 after more than 10 years in the industry, it was a blow that she did not see coming. Hers was one of the more than 7,000 roles that the German lender had cut worldwide. "Hiring and firing seems quite common in the banking world but I just didn't expect it to happen to me so fast," she tells The Business Times. "I knew that roles like operations, back office and IT jobs are being outsourced to lower-cost countries, but I didn't think that risk and compliance would be on the chopping block."

She was part of the global team and looked after the Asia Pacific region, talking to internal stakeholders and conducting records risk assessments to evaluate if they meet regulatory requirements, as well as implementing a risk and compliance framework.

Describing her previous role as particularly niche, she believes that is partly why she has not managed to secure a job since then. It is not a case of being picky: "I am open to all industries and have applied for risk and compliance roles, including financial compliance," she says.

More than one year on, Ms Lim is still taking on temp jobs such as book keeping - she is a trained accountant - and being a receptionist to keep busy.



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  #11792 (permalink)  
Old 12-10-2019, 09:20 PM
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Exactly right on the spot!

Stupidity is is doing the same thing over and over again and expecting a different result.

You like to blame the current political party on whatever issue over and over again.

That reflect how stupid are you and expecting a different result if it is another political party.

Do you mean another political party can prevent DB from restructuring?


Quote:
Originally Posted by Unregistered View Post
Guess who she voted for and who she will continue voting for?
Stupidity is is doing the same thing over and over again and expecting a different result.

s://.businesstimes.com.sg/brunch/no-more-laughing-their-way-to-the-bank

SAT, OCT 12, 2019 - 5:50 AM

When Lim Cheng Kee, 49, was laid off from her risk and compliance job at Deutsche Bank in August 2018 after more than 10 years in the industry, it was a blow that she did not see coming. Hers was one of the more than 7,000 roles that the German lender had cut worldwide. "Hiring and firing seems quite common in the banking world but I just didn't expect it to happen to me so fast," she tells The Business Times. "I knew that roles like operations, back office and IT jobs are being outsourced to lower-cost countries, but I didn't think that risk and compliance would be on the chopping block."

She was part of the global team and looked after the Asia Pacific region, talking to internal stakeholders and conducting records risk assessments to evaluate if they meet regulatory requirements, as well as implementing a risk and compliance framework.

Describing her previous role as particularly niche, she believes that is partly why she has not managed to secure a job since then. It is not a case of being picky: "I am open to all industries and have applied for risk and compliance roles, including financial compliance," she says.

More than one year on, Ms Lim is still taking on temp jobs such as book keeping - she is a trained accountant - and being a receptionist to keep busy.


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  #11793 (permalink)  
Old 14-10-2019, 07:52 AM
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Default Lets get back to talking salary again

This forum was started in Feb 2010 by Avatar to share and discuss annual incomes. Lets see how our incomes have changed over the 9+ years.

In 2010, my annual income was $127,000. Last year (2018) it went up to $256,000. A combination of pay adjustments against inflation and promotions. New (good class honors) graduates joining my company used to get $3,000 per month, now new graduates are getting $5,000 per month.

At the end of the day, how much you earn is only 1 aspect, another important aspect is how much you can save from what you earn. In 2010, I was saving about 25% of my annual salary, now with both my kids having completed their uni studies, home loan paid off, no car loan, no maid, I was able to save 75% of my 2018 income.

If you are able to save 100% of your salary, you have reached financial independence!

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  #11794 (permalink)  
Old 14-10-2019, 11:00 AM
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Well done!

I guess you are referring that you are able to save 75% income due to lower expenses and your passive income is covering 75% of your expenses.

So if your passive income can cover the remaining 25%, you would be reaching FI!



Quote:
Originally Posted by Unregistered View Post
This forum was started in Feb 2010 by Avatar to share and discuss annual incomes. Lets see how our incomes have changed over the 9+ years.

In 2010, my annual income was $127,000. Last year (2018) it went up to $256,000. A combination of pay adjustments against inflation and promotions. New (good class honors) graduates joining my company used to get $3,000 per month, now new graduates are getting $5,000 per month.

At the end of the day, how much you earn is only 1 aspect, another important aspect is how much you can save from what you earn. In 2010, I was saving about 25% of my annual salary, now with both my kids having completed their uni studies, home loan paid off, no car loan, no maid, I was able to save 75% of my 2018 income.

If you are able to save 100% of your salary, you have reached financial independence!
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  #11795 (permalink)  
Old 22-10-2019, 09:41 PM
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Originally Posted by unregistered View Post
if you meen "newtech programming & consulting", i think i'm your guy. I worked there as an it engineer and i have nothing but good reviews. Is a great place if your looking for working in the latest advances of programing in general, and when it comes to payment, i can tell you is better than other average companies. 100% recomended
hey i hear about the new tech company, i went to an interview, and i really like everything they tell me about it, i recommend it
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  #11796 (permalink)  
Old 25-10-2019, 06:29 PM
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Originally Posted by Unregistered View Post
Well done!

I guess you are referring that you are able to save 75% income due to lower expenses and your passive income is covering 75% of your expenses.

So if your passive income can cover the remaining 25%, you would be reaching FI!
This doesn't make much sense and is what's hindering people from aiming for financial independence. Being able to save 75% of income means he only needs 25% of his income. If his passive income is 25% of his active income he can retire.
Banks and financial institutions like to benchmark retirement $ needs against our last drawn income. That's BS. Keep your expenses low and you will be financially independent. A consumption mindset and lifestyle doesn't givve ppl fulfillment, we are too influenced by marketing.

"The way to be rich is not to spend money. Those who spend like they are rich are likely not rich at all"
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  #11797 (permalink)  
Old 28-10-2019, 09:25 PM
FS PROFIT PTE. LTD
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Originally Posted by David_Olesh View Post
Hi! Im interested in applying for the programmer position i this company called "NewTech", and i wanted to know if any of you guys knows or have worked in this company. I would like to know how is it, payment or any info you could give me. Apreciate any help
I'm in the tecnology world, I've heard of that company and as far as I know, is really good for a new company. I can also recommend you the company I'm working right now, its called " FS PROFIT PTE. LTD". We specialize in business consulting, AI, IT programming and its has a really good department on new tecnologies.
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  #11798 (permalink)  
Old 30-10-2019, 12:37 PM
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Quote:
Originally Posted by Unregistered View Post
This forum was started in Feb 2010 by Avatar to share and discuss annual incomes. Lets see how our incomes have changed over the 9+ years.

In 2010, my annual income was $127,000. Last year (2018) it went up to $256,000. A combination of pay adjustments against inflation and promotions. New (good class honors) graduates joining my company used to get $3,000 per month, now new graduates are getting $5,000 per month.

At the end of the day, how much you earn is only 1 aspect, another important aspect is how much you can save from what you earn. In 2010, I was saving about 25% of my annual salary, now with both my kids having completed their uni studies, home loan paid off, no car loan, no maid, I was able to save 75% of my 2018 income.

If you are able to save 100% of your salary, you have reached financial independence!

On average, you would enjoy almost 10% salary increase compounded every year. That is very rare for most people.
My average over 6 years was a meagre 2% increase to adjust for inflation.
I have to move to another firm to get the jump I needed (not to expectation).
You are a lucky man.
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  #11799 (permalink)  
Old 30-10-2019, 10:52 PM
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quick summary of my background.
acct & finance grad from UK
10 years work exp. started in finance. then to consulting. currently in tech.
base comp. 480k
bonus. 100-200k
equity options. 1.5m - 2m depending on share price.
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  #11800 (permalink)  
Old 03-11-2019, 11:45 AM
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just crossed 2.5yrs in banking (risk function).
currently at base of 70k with avg bonus of 13-15k.
trying to reach base of 96k (8k monthly) by 5yr mark...long ways to go!
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