How much are you earning per annum? - Page 92 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How much are you earning per annum?

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #911 (permalink)  
Old 08-11-2011, 12:30 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
That's your perception. Many live humbly.
There is no need to live humbly if one has the means. Money after all is meant to be spent within this lifetime and not carried to the grave.

Why must bankers be perceived to live beyond their means?

Could they be living within their means, but beyond the means of the perceivers?

Reply With Quote
  #912 (permalink)  
Old 08-11-2011, 02:32 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
There is no need to live humbly if one has the means. Money after all is meant to be spent within this lifetime and not carried to the grave.

Why must bankers be perceived to live beyond their means?

Could they be living within their means, but beyond the means of the perceivers?
Fully agree.

But they are still over paid for the work that they do. All the talented but greedy people are attracted to finance, causing great shortage of talent in other industries.

Reply With Quote
  #913 (permalink)  
Old 08-11-2011, 03:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Fully agree.

But they are still over paid for the work that they do. All the talented but greedy people are attracted to finance, causing great shortage of talent in other industries.
I think everyone is obliged to try their best to earn as much as is possible in order to be in the best position to provide for their families and loved ones. Nothing greedy about that.

In reality it's the people that stay contentedly in low paying jobs because of "love of the work" or "passion" who are the most selfish.

What I'm saying above is not politically correct, but is real talk.

Reply With Quote
  #914 (permalink)  
Old 08-11-2011, 07:47 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
That's your perception. Many live humbly.
Yes I can vouch for that. I'm a banker drawing $300k in my early 30s. I live in a suburban hdb and drive a second hand entry level jap car. and first hand I can tell u that I'm not unique. I know couples which are drawing $700k in aggregate and live the same way as I do.

The banker caricature we read about are much overblown.
Reply With Quote
  #915 (permalink)  
Old 08-11-2011, 08:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Depends if urs is a local or offshore bank.

If offshore, also depends if bulge bracket or mid tier.
Offshore, BB. It is not a good year so I am not expecting much.

I think the talk goes that keeping your job is a bonus. Although I heard that the firm would rather fire than cut compensation.

Either they keep you.. or fire you. Pay cut maybe more harder to stomach.

As I said, I am not expecting. Just want to know a benchmark since I am first year in the job (first year in IB, but not new to banking. I'm hired at the associate level). My department is still making a decent profit although on a whole the firm is not making money.

Noone wants to talk about compensation now.. in such a climate. But I was hoping for 2 months bonus (~ $20k?).
Reply With Quote
  #916 (permalink)  
Old 08-11-2011, 08:21 PM
Unregistered
Guest
 
Posts: n/a
Default

Why noone complains about business owners who make millions? I totally agree with the comment below. We work because we need the money for the other imporant things in life. Who doesn't want to earn more money to get a bigger house, better car and better lifestyle for him/herself + family/loved ones? All these unhappiness against bankers is just society finding an outlet for unhappiness. Arent we also unhappy with politicians and the amounts that they are being paid? If technicians are paid 6 figure annual salaries I think they will receive the same amount of flak. Face it, we are just unhappy when others earn more than ourselves.

Quote:
Originally Posted by Unregistered View Post
I think everyone is obliged to try their best to earn as much as is possible in order to be in the best position to provide for their families and loved ones. Nothing greedy about that.

In reality it's the people that stay contentedly in low paying jobs because of "love of the work" or "passion" who are the most selfish.

What I'm saying above is not politically correct, but is real talk.
Reply With Quote

  #917 (permalink)  
Old 09-11-2011, 08:05 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
The bankers do earn a lot, but most of them spend just as much.
Without their jobs, most can't last longer than 6 months.
i disagree.... i used to be a banker. now, i'm 45 yrs old and retired.
I've retired 5 years ago and i'm still living comfortably, very comfortably. i have a beautiful wife but unfortunately, my kids are still young because i married late.

Just because we earn more, we're not bloodsuckers. i do my fair share of charity work. I donate my time, effort and money to charity.

In the end, we end up 6 feet underground, waiting for our name to be called up. So, be nice.

Cheers.
Reply With Quote
  #918 (permalink)  
Old 09-11-2011, 09:37 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
i disagree.... i used to be a banker. now, i'm 45 yrs old and retired.
I've retired 5 years ago and i'm still living comfortably, very comfortably. i have a beautiful wife but unfortunately, my kids are still young because i married late.

Just because we earn more, we're not bloodsuckers. i do my fair share of charity work. I donate my time, effort and money to charity.

In the end, we end up 6 feet underground, waiting for our name to be called up. So, be nice.

Cheers.
since you've been an actual banker, maybe you can do some good here by giving good advice on how to get into the banking industry and quickly make enough to retire at 40?

thanks in advance and appreciate your kind advice.
Reply With Quote
  #919 (permalink)  
Old 09-11-2011, 09:48 AM
Unregistered
Guest
 
Posts: n/a
Default

You are lucky to have been a banker in the good old days. Hearing stories just like yours, I had joined banking as well. Was from one of the top JCs in SG, got a place to study law at NUS but switched to finance, thinking that I can make alot of money and retire early to do "meaningful" things with my life.

Now, I'm stucked doing 14 hour days at a BB. Reading news that the bank is going to cut XXXX staff.

Base pay is still decent but gone are the days of the 6 figure bonuses. I am silently upset with my seniors who joined the bank 3-4 years before me. At least they had a taste of the "glory" days.

Now, no more 13 months bonus but rather 13th month. The **** thing is that whenever we have classmate gatherings, people still think that bankers earn alot of money!

How times have changed! Definitely won;t be able to retire by 45 at the rate I'm going.

Quote:
Originally Posted by Unregistered View Post
since you've been an actual banker, maybe you can do some good here by giving good advice on how to get into the banking industry and quickly make enough to retire at 40?

thanks in advance and appreciate your kind advice.
Reply With Quote
  #920 (permalink)  
Old 09-11-2011, 10:22 AM
Unregistered
Guest
 
Posts: n/a
Default

but you're still making > 100k right? so what are you complaining about?


Quote:
Originally Posted by Unregistered View Post
You are lucky to have been a banker in the good old days. Hearing stories just like yours, I had joined banking as well. Was from one of the top JCs in SG, got a place to study law at NUS but switched to finance, thinking that I can make alot of money and retire early to do "meaningful" things with my life.

Now, I'm stucked doing 14 hour days at a BB. Reading news that the bank is going to cut XXXX staff.

Base pay is still decent but gone are the days of the 6 figure bonuses. I am silently upset with my seniors who joined the bank 3-4 years before me. At least they had a taste of the "glory" days.

Now, no more 13 months bonus but rather 13th month. The **** thing is that whenever we have classmate gatherings, people still think that bankers earn alot of money!

How times have changed! Definitely won;t be able to retire by 45 at the rate I'm going.
Reply With Quote
Reply

Bookmarks

Tags
bond, bond breaking, income pa, lawyer, saf

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Industries with Highest Proportion Earning 5-Figure Monthly Income Salary.sg Income and Jobs 23 06-08-2017 05:46 PM
Lawyer earning $25k/mth forged $65k payslip to get job Salary.sg Income and Jobs 2 30-12-2011 02:42 PM

» 30 Recent Threads
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,941 Replies, 1,100,619 Views
Citibank Technology Analyst Program
8 Replies, 3,892 Views
High Finance Thread ( 1 2 3... Last Page)
101 Replies, 18,171 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
102 Replies, 33,115 Views
Compare civil service salary ( 1 2 3... Last Page)
10,317 Replies, 5,661,705 Views
How To Find Rich & Elite In...
1 Replies, 73 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,948 Replies, 3,755,106 Views
Career as Teacher ( 1 2 3... Last Page)
2,723 Replies, 1,641,698 Views
Lawyer Salary ( 1 2 3... Last Page)
8,141 Replies, 2,725,784 Views
Advantages
1 Replies, 830 Views
Pay grade at CSA ( 1 2 3... Last Page)
108 Replies, 28,343 Views
Private Banking Salaries ( 1 2 3... Last Page)
77 Replies, 101,298 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,275 Replies, 1,001,292 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,344 Replies, 1,933,127 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
605 Replies, 461,455 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2 3... Last Page)
1,654 Replies, 790,221 Views
anyone working at NCS ? ( 1 2 3... Last Page)
405 Replies, 294,430 Views
Ntu sociology degree ( 1 2 3... Last Page)
57 Replies, 47,522 Views
Corporate Banking Analyst
7 Replies, 641 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,821 Replies, 281,927 Views
Retiring in Taiwan
3 Replies, 150 Views
How much do you need to retire...
6 Replies, 274 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,117 Replies, 510,944 Views
Job offer from Apple ( 1 2 3... Last Page)
469 Replies, 91,215 Views
need some info on CNB ( 1 2)
15 Replies, 1,153 Views
Whats your net worth ( 1 2 3... Last Page)
2,740 Replies, 805,172 Views
Getting funded for university
0 Replies, 105 Views
Unilever UFLP 2018 ( 1 2 3)
23 Replies, 7,892 Views
I need honest advice. Jump to... ( 1 2)
17 Replies, 1,913 Views
Advice for "Research Coordinator"...
7 Replies, 4,692 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:03 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2