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30-08-2020, 11:14 AM
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Quote:
Originally Posted by Unregistered
Not completely unrelated, but I just hope it’s not too far off track ...
Stating my background just to be in line with the topic:
I’m 33. Started working in 2012. Finance, but my grades (local U) were below average and hence did not qualify for any Management Associate or IB routes.
Started at S$40k pa and now around S$110k pa after 8.5 years of working exp. My savings barely top S$150k even though I lead a modest lifestyle and don’t own a car.
I wonder if people nowadays, especially my generation, find and feel that money has gotten a lot harder to make?
For people born 10 years older than me, they had the good old days of being able to buy multiple properties with 5% cash, flipping them several times and making bundles in the process.
Not to mention the good old days of the stock market.... these days, our local SGX is so dead. Most people who subscribed to the “buy & hold” mentality are still hoping to break even. Even the likes of “blue chips” like SembCorp, SPH, Guocoland, Keppel, etc etc are hardly yielding any profit these days. ETFs or Unit Trusts, despite the Global exposure, don’t do much better.
Scrolling back to the older posts, I see many of them who, despite modest or slightly-above-average salaries, managed to amass a decent amount of wealth by the time they were in their mid or late 30s. They could very well be troll posts, but it’s certainly worth having something to aim or work for (without sacrificing health and family).
Could anyone share their thoughts if they feel the same way too, or am I just being pessimistic?
Thanks in advance.
*I swear the figures are 100% truthful. And that this is not a troll post. |
What did you spend on these years bro? I'm 33, 121k per annum. 120k cash savings + a 3 bedder new launch EC downpayment paid.
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30-08-2020, 02:16 PM
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Industry: tech
Title: Junior software engineer
Age: 26 male
Annual basic: 78k
Annual bonus: dont know yet, first year
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30-08-2020, 04:30 PM
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Glad that u got a kick out of your imagination 
Quote:
Originally Posted by Unregistered
37 year Singaporean male(did NS).
Industry: Tech (FAANG)
Title: Software Engineer
2020 Annual Basic: SGD$150K
2020 Annual Bonus: SGD$250k to SGD$300k (includes RSU Stock appreciation)
2019 Total Comp: SGD$350k
2020 Expected Total Comp: SGD$400k - SGD$450k per annum
Other income: rent out my condo for SGD$6k/month to expats.
My spouse is a doctor in Singapore I earn 2x of her annual total comp.
COVID has been good for my industry. FAANG stock price has never been higher.
Recession? What recession? |
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30-08-2020, 09:12 PM
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Quote:
Originally Posted by Unregistered
Glad that u got a kick out of your imagination |
Not sure why you think it's fake? It's real and a very common salary among FAANG engineers.
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31-08-2020, 12:51 AM
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38 years old, 13 years in software engineering, reached senior principal level. (One level lower than director of engineering) Non FAANG company, 190k all in.
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31-08-2020, 01:28 AM
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contact me
contact me
[email protected]
6643 6479 / 6354 4078
Block 858 Yishun Avenue 4
#05-95 Singapore 760858
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31-08-2020, 01:58 PM
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Amazed with the high amount of salary that lots of people are drawing here. It seems the whole recession news is fake.
34 SG male (Served NS) - Finance Industry doing digital product management
Base - 167K/annum (underpaid as people in same grade are getting 250 - 300k. Previous job is only paying me 84k)
Bonus - about 55k (in 2019)
Stock option - 25k USD on yearly basis (vested for 3 years)
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01-09-2020, 04:15 PM
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Occupation: Ops Engineer
Company: FAANG
Mid Thirties, 36, with 11 years of experience
First year in company, total compensation as follows:
Basic: 120k
RSU: 300k (vested over 4 years)
Bonus: 10%
2020 annual compensation: ~ 205k
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02-09-2020, 12:29 PM
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So many high income earners. Definitelty not all industries affected.
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03-09-2020, 02:24 AM
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Based in SG or US?
Quote:
Originally Posted by Unregistered
37 year Singaporean male(did NS).
Industry: Tech (FAANG)
Title: Software Engineer
2020 Annual Basic: SGD$150K
2020 Annual Bonus: SGD$250k to SGD$300k (includes RSU Stock appreciation)
2019 Total Comp: SGD$350k
2020 Expected Total Comp: SGD$400k - SGD$450k per annum
Other income: rent out my condo for SGD$6k/month to expats.
My spouse is a doctor in Singapore I earn 2x of her annual total comp.
COVID has been good for my industry. FAANG stock price has never been higher.
Recession? What recession? |
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