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How much are you earning per annum?

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  #1421 (permalink)  
Old 08-04-2012, 11:17 AM
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Your package is typical of 3rd year associate level in ib these days. Used to be bonus is >1 year, but now times are bad so your bonus is quite okay.
Last time, receiving this level of bonus is implictly telling you to leave before the axe falls upon you....
A 3rd year engineer earns less than one-third of that. Engineering is a sh1thole.

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  #1422 (permalink)  
Old 08-04-2012, 12:44 PM
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Originally Posted by Unregistered View Post
Your package is typical of 3rd year associate level in ib these days. Used to be bonus is >1 year, but now times are bad so your bonus is quite okay.
Last time, receiving this level of bonus is implictly telling you to leave before the axe falls upon you....
as a 3rd year engineer, I only getting 55k per annum....

AND by the time I retired as an engineer at age 64/65, I dunno I can hit even 130K/annum??

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  #1423 (permalink)  
Old 08-04-2012, 03:14 PM
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as a 3rd year engineer, I only getting 55k per annum....

AND by the time I retired as an engineer at age 64/65, I dunno I can hit even 130K/annum??
You still got chance, my engineering manager hits 120k, but he is aleady in 50s, and handles 40 staff...

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  #1424 (permalink)  
Old 08-04-2012, 05:50 PM
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as a 3rd year engineer, I only getting 55k per annum....

AND by the time I retired as an engineer at age 64/65, I dunno I can hit even 130K/annum??
You will be driving a taxi in your 40s. Yes, your FT passenger can hit 130k.
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  #1425 (permalink)  
Old 08-04-2012, 08:44 PM
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You still got chance, my engineering manager hits 120k, but he is aleady in 50s, and handles 40 staff...
Most sales people half his age, including credit card peddlers and even bank telemarketers, already earn more than 120k.

Give up on being technical lah. It's the sales and finance (requiring only simple maths) that make the most money.
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  #1426 (permalink)  
Old 09-04-2012, 08:47 AM
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which engineering job pay the least, i always wondered..

civil? heard the exxon chemical ones do quite well..
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  #1427 (permalink)  
Old 10-04-2012, 11:08 AM
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The higher starting salary in oil and gas is to compensate you for the increased health risk you might suffer(eg: cancer, deformed childbirth ) ... Everyday you work on jurong island inhaling the polluted air dosed with hydrocarbon particles.. Especially if you're working in the process plants.. everyday you're exposed to work hazards such as risk of explosion and fire ... Tough life... Definitely have to pay a bit more to make people wake up at 6am to go into Jurong island to subject themselves to these things....

But hey.. People working comfortably in the CBD, shirt iron until straight straight, spray perfume until smell nice nice.. Earning the same if not more... so what's the point of subjecting yourself to the enviromental risks/possible health hazards of engineering??

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Originally Posted by CrimeCity View Post
which engineering job pay the least, i always wondered..

civil? heard the exxon chemical ones do quite well..
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  #1428 (permalink)  
Old 10-04-2012, 11:49 AM
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I wonder how many people claiming to be IB are really from IB?

Anyways, let me add to the numbers. Up to you to decide if its true or not.

Equity Research. 28yrs old

$125k base.

Bonus this year hopefully is my job.

Reality check.
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  #1429 (permalink)  
Old 10-04-2012, 12:08 PM
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Originally Posted by Unregistered View Post
I wonder how many people claiming to be IB are really from IB?

Anyways, let me add to the numbers. Up to you to decide if its true or not.

Equity Research. 28yrs old

$125k base.

Bonus this year hopefully is my job.

Reality check.
How many hours do you guy work per week?
125k base = abt 10k basic per month

do you mean doesnt get "ask to leave" = bonus??
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  #1430 (permalink)  
Old 10-04-2012, 12:23 PM
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Quote:
Originally Posted by Unregistered View Post
I wonder how many people claiming to be IB are really from IB?

Anyways, let me add to the numbers. Up to you to decide if its true or not.

Equity Research. 28yrs old

$125k base.

Bonus this year hopefully is my job.

Reality check.
Unfortunately, due to weak markets, most ib are not making much in equities and are downsizing. Equity research is usually 1st to get the axe as being non revenue generating
Look at rbs, they are selling off equities business to cimb.

Only bright spot in equities is prime brokerage.

Other business is still okay like fx, rates and commodities - bonus is still decent but not 2-3yrs of base in pre financial crisis
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