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How much are you earning per annum?

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  #641 (permalink)  
Old 15-06-2011, 06:15 PM
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My career (total incl bonus):
23yrs old: finished U with graduate degree overseas
24yrs old: IT S$76K at Global IT Firm overseas
30yrs old: IT S$100K at Global Financial Firm overseas
31yrs old: IT S$110K Lecturer at Local University
35yrs old: Banking S$170K at Global Financial Firm
38yrs old: Banking S$476K at Global Bank #1
41yrs old: Banking S$900K at Global Bank #2
48yrs old: Banking S$400K at Global Financial Firm
50yrs old: Banking S$500K at Local Financial Firm

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  #642 (permalink)  
Old 16-06-2011, 12:33 PM
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My career (total incl bonus):
23yrs old: finished U with graduate degree overseas
24yrs old: IT S$76K at Global IT Firm overseas
30yrs old: IT S$100K at Global Financial Firm overseas
31yrs old: IT S$110K Lecturer at Local University
35yrs old: Banking S$170K at Global Financial Firm
38yrs old: Banking S$476K at Global Bank #1
41yrs old: Banking S$900K at Global Bank #2
48yrs old: Banking S$400K at Global Financial Firm
50yrs old: Banking S$500K at Local Financial Firm
Do you have any advice to give to fresh grads wanting to replicate your great success? Thanks for sharing.

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  #643 (permalink)  
Old 16-06-2011, 03:53 PM
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As you can see, I languished for many years in IT before earning much more as a banker. The key transition was my stint as a lecturer, where I gained a lot of confidence in public speaking. That helped my banking career. For the better jobs, you need EQ, not just IQ.

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  #644 (permalink)  
Old 16-06-2011, 03:59 PM
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As you can see, I languished for many years in IT before earning much more as a banker. The key transition was my stint as a lecturer, where I gained a lot of confidence in public speaking. That helped my banking career. For the better jobs, you need EQ, not just IQ.
looks like u earn 900k per annum, how come switch job and willing to reduce ur pay? is it because previous job need to hit target?
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  #645 (permalink)  
Old 16-06-2011, 04:08 PM
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laguna is on a distinguished road
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Quote:
Originally Posted by Unregistered View Post
My career (total incl bonus):
23yrs old: finished U with graduate degree overseas
24yrs old: IT S$76K at Global IT Firm overseas
30yrs old: IT S$100K at Global Financial Firm overseas
31yrs old: IT S$110K Lecturer at Local University
35yrs old: Banking S$170K at Global Financial Firm
38yrs old: Banking S$476K at Global Bank #1
41yrs old: Banking S$900K at Global Bank #2
48yrs old: Banking S$400K at Global Financial Firm
50yrs old: Banking S$500K at Local Financial Firm
It is not just a question of how much u can earn, that is your IQ and EQ. But also how fast and how much u can grow u wealth, that is your FQ
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  #646 (permalink)  
Old 16-06-2011, 06:42 PM
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Originally Posted by Unregistered View Post
My career (total incl bonus):
23yrs old: finished U with graduate degree overseas
24yrs old: IT S$76K at Global IT Firm overseas
30yrs old: IT S$100K at Global Financial Firm overseas
31yrs old: IT S$110K Lecturer at Local University
35yrs old: Banking S$170K at Global Financial Firm
38yrs old: Banking S$476K at Global Bank #1
41yrs old: Banking S$900K at Global Bank #2
48yrs old: Banking S$400K at Global Financial Firm
50yrs old: Banking S$500K at Local Financial Firm
@ your age of 24, which suggest its in year of 1985
for someone who earn $76k, you must have earn really REALLY ALOT.. Too much to be believable.

I believe in current economy, fresh grad may be able to earn this much if he is a high flyer with a very KILAT degree, perhaps a Master in some field, IT/Aviation, but not @ 1985
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  #647 (permalink)  
Old 16-06-2011, 11:00 PM
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@ your age of 24, which suggest its in year of 1985
for someone who earn $76k, you must have earn really REALLY ALOT.. Too much to be believable.

I believe in current economy, fresh grad may be able to earn this much if he is a high flyer with a very KILAT degree, perhaps a Master in some field, IT/Aviation, but not @ 1985
Maybe he accounted for inflation. Haha. But yeah, $76k as starting salary in today's market for IT (specifically) is already a stretch; in 1985, that would have put him in the top bracket of earners fresh out of school. Not impossible, but extremely doubtful. He could have paid for a HDB flat in full within a year of graduation.
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  #648 (permalink)  
Old 16-06-2011, 11:09 PM
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Maybe he accounted for inflation. Haha. But yeah, $76k as starting salary in today's market for IT (specifically) is already a stretch; in 1985, that would have put him in the top bracket of earners fresh out of school. Not impossible, but extremely doubtful. He could have paid for a HDB flat in full within a year of graduation.
I may be mistaken but it seems he was working overseas? and might have used the conversion rate during that point in time?
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  #649 (permalink)  
Old 17-06-2011, 09:00 AM
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looks like u earn 900k per annum, how come switch job and willing to reduce ur pay? is it because previous job need to hit target?
No, was retrenched. After that I decided to do a different job that required less travel.
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Old 17-06-2011, 09:08 AM
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I may be mistaken but it seems he was working overseas? and might have used the conversion rate during that point in time?
Yes. Exactly right. I used the SGD conversion rate at that time, which was a lot higher than now. My salary was considered good at the time, but not extraordinary for an IT job at one of the largest tech firms in the world. In fact, my starting salary was only slightly better than when I was a summer intern there. Other Singaporeans who went into banking had higher starting salary than me. What I did discover is that in tech firms, your salary doesn't rise very quickly no matter how well you do.
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