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How much are you earning per annum?

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  #12211 (permalink)  
Old 23-04-2021, 06:25 PM
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Originally Posted by Journete View Post
Wow! What are you working as?
Software engineer at FAANG

But these jobs are the outliers. Avg C/S grad probably take in 4-6k/month.

I know some of my friends even higher pay than me + sign on bonus + vested stocks + AWS, can go past 100k as a fresh grad

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  #12212 (permalink)  
Old 23-04-2021, 06:26 PM
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Banking degree at SIM UOL.

Currently working as Grab driver for $5 per hour. Am trying to break into the banking industry (have a conditional offer for PA to a graduate associate at a local bank).

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  #12213 (permalink)  
Old 23-04-2021, 06:59 PM
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Software engineer at FAANG

But these jobs are the outliers. Avg C/S grad probably take in 4-6k/month.

I know some of my friends even higher pay than me + sign on bonus + vested stocks + AWS, can go past 100k as a fresh grad
Is 8k your base or including RSUs? Was under the impression that faang would pay higher than that actually.

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  #12214 (permalink)  
Old 23-04-2021, 08:18 PM
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Is 8k your base or including RSUs? Was under the impression that faang would pay higher than that actually.
8k is base. I was not offered RSU right off the bat. Will probably have to 'prove' myself in the first performance appraisal within a year to be able to negotiate for RSU. Or wait till promotion

I do get additional AWS of 1 month for every 12months of staying in coy. Bonus is 20% of yearly salary and but can be lower or higher from appraisal
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  #12215 (permalink)  
Old 23-04-2021, 09:23 PM
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8k is base. I was not offered RSU right off the bat. Will probably have to 'prove' myself in the first performance appraisal within a year to be able to negotiate for RSU. Or wait till promotion

I do get additional AWS of 1 month for every 12months of staying in coy. Bonus is 20% of yearly salary and but can be lower or higher from appraisal
Interesting...never knew faang extended offers without RSU. Did you try to negotiate?
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  #12216 (permalink)  
Old 24-04-2021, 09:42 AM
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I am in my fifties. I am motivated to retire before I reach 65 yo. How much savings do we need to retire before 65? Any advice? Thanks
We all have CPF Life to take care of our old age so no need to worry. We will get at least $2000 pm if you choose the ERS. What you need to have is cash savings to sustain you and your spouse from now until you both reach 65.

If you need $3k pm or $36k pa, then a $400k cash savings would suffice. This assumes you have no debt and your home is paid up.
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  #12217 (permalink)  
Old 24-04-2021, 09:42 AM
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8k is base. I was not offered RSU right off the bat. Will probably have to 'prove' myself in the first performance appraisal within a year to be able to negotiate for RSU. Or wait till promotion

I do get additional AWS of 1 month for every 12months of staying in coy. Bonus is 20% of yearly salary and but can be lower or higher from appraisal
Sounds like Google
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  #12218 (permalink)  
Old 24-04-2021, 09:50 AM
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Sounds like Google
No, google gives RSU for sure. Sounds like bytedance to me not FANG.
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  #12219 (permalink)  
Old 24-04-2021, 06:34 PM
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Job: Software Engineer, 6 YOE for both my wife and I
Total compensation: 600k/year (salary + bonus + stock vesting)

We just hit our 30s, no kids. Total assets and cash just surpassed 1mil. Although we bought a couple of condos and a car in SG, we are planning to emigrate once the pandemic is over. Although we can afford it, Singapore is too expensive for the lifestyle we desire. We'll save up a couple more million dollars and will probably move to Japan before reaching our mid 30s.
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  #12220 (permalink)  
Old 24-04-2021, 08:02 PM
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Getting over a little over 450k per annum basic. 3 months bonus and AWS, no stock options. 35yr old, married with two kids. In high tech high volume manufacturing sector.
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