How much are you earning per annum?

hi Guest

what are more like the real salaries in SG at various stages ?

Originally Posted by Russel

hi Guest

what are more like the real salaries in SG at various stages ?

Which sector are you looking at and in terms of what experience? Besides banking and maybe oil-related sectors, salaries in SG is relatively low compared to the housing and other developed cities.

Originally Posted by Really?

Right. First you mentioned it's common to have 100K USD Basic to START WITH (which is definitely not true) and when it's convenient you picked a third year salary. By the way the article describes the pay in the U.S. You can't project it to Singapore otherwise every analyst in the world will want to come to Singapore for income tax arbitrage (30 to 40 percent difference). Income tax (state and federal) and various city taxes (for those who live in NY city) will easily reach between 40 to 50 % of your salary + bonus.

Also why should someone here be paid as high as the ones over in the U.S.? There is no such thing as Institutional Investors ranking or what have you here in Singapore (and even if there is, it's far from prestigious, and those people who are paid pretty highly by their third year should at least be in the running by then for II spots).

By the way I work at a top buy side firm so I think I know what the standard pay and work is for the industry.

Dear Guest (11:13 AM 24/5/10)

I have a very close friend whose internship renumeration package, stress INTERNSHIP (i.e. 3rd year local university student, thus NO bonus. Just basic pay.), is worth S$9,000 (9k) per month in Private Wealth Management. I cannot and will not say which bank, but it's one of the Bulge Bracket Banks, if you know what I mean. As a matter of fact, it is true that it seems ridiculous to non-bankers, BUT it is not abnormal in the highly lucrative front-office investment banking&private banking.

In my case, I'm not paid as well as my friend despite being a graduate. However, I will get bonuses, and that will make my first year's package to be worth at least S$100,000 (100k) at the end of the first 12-months cycle, and this is the norm in this industry. Thus, S$250k for 3 years' worth of experience is perfectly credible too.

i am not kidding. I am a 32 yr old semicon. Basic only $3k! but plus OT i can earn 50+k per annum the most!

currently i am taking a masters in finance. i hope to do a career switch by next year. if anyone has job opportunity, please recommend me. i dont mind rewarding you with my 1 month salary

[email protected]

Originally Posted by Fresh Entry Analyst

Dear Guest (11:13 AM 24/5/10)

I have a very close friend whose internship renumeration package, stress INTERNSHIP (i.e. 3rd year local university student, thus NO bonus. Just basic pay.), is worth S$9,000 (9k) per month in Private Wealth Management. I cannot and will not say which bank, but it's one of the Bulge Bracket Banks, if you know what I mean. As a matter of fact, it is true that it seems ridiculous to non-bankers, BUT it is not abnormal in the highly lucrative front-office investment banking&private banking.

In my case, I'm not paid as well as my friend despite being a graduate. However, I will get bonuses, and that will make my first year's package to be worth at least S$100,000 (100k) at the end of the first 12-months cycle, and this is the norm in this industry. Thus, S$250k for 3 years' worth of experience is perfectly credible too.

I run a check with two local universities, but none has such internship. Do prove me wrong. Or whatever you are smoking, you got to stop...

Originally Posted by Unregistered

I run a check with two local universities, but none has such internship. Do prove me wrong. Or whatever you are smoking, you got to stop...

I'm in HR with a German MNC. One of our interns just rejected our offer for a permanent job because she got into GS IBD. Her starting pay is 8k/mth not counting bonus yet.

Originally Posted by Unregistered

I'm in HR with a German MNC. One of our interns just rejected our offer for a permanent job because she got into GS IBD. Her starting pay is 8k/mth not counting bonus yet.

You must be an idiot to pay so much for an intern. I know all German MNC in SG, and if you are in the HR, I will probably find out who you are easily.

Originally Posted by Unregistered

Risk manager, F 30y/o
3 yrs (doing something not related to risk previously)
S$150k

To the Risk Managers who have mentioned their salary.

What qualification/certifications should one have to enter the risk management field in sg?

Originally Posted by Unregistered

You must be an idiot to pay so much for an intern. I know all German MNC in SG, and if you are in the HR, I will probably find out who you are easily.

You can't even read properly. I did not say how much we paid for the intern.

Originally Posted by Unregistered

I run a check with two local universities, but none has such internship. Do prove me wrong. Or whatever you are smoking, you got to stop...

Oh well...
Nobody is forcing you to accept this fact. After all, only 2 students from the whole of Singapore are offered this much pay as interns, as far as I know. I am just offering my truthful statement to the thread 'how much are you earning per annum?' And I simply mentioned what my friend, or rather my junior, is getting. (She's an outstandingly excellent student by the way, both academic and extra-curricular)

So, you were right. It is a rare occurrence but it's existent. As I mentioned, I thought it was ridiculous to pay interns extraordinarily well, but that's how top banks retain their talents.

Regards.