How much are you earning per annum?

Originally Posted by Unregistered

getting into top banks are the best right now, just graduated and already will be paid 5.2k pm, cant wait to start work soon..

Yup.. You can't wait to start work... and then get retrench next month.. Just you wait.... Muwhahahah...

Originally Posted by Unregistered

Yup.. You can't wait to start work... and then get retrench next month.. Just you wait.... Muwhahahah...

People who earn that much are usually in the MA program or some sort of high flier, I highly doubt they would be the first choice to get retrenched lol.

5.7k too low to get chop. Unlikely to get chop. But then you never know the politics. Sometimes you get chop for being in the wrong camp, wrong nationality, etc. It used to be that Singaporeans get chop first. Now anti-FT, so some companies chop FT first. Sometimes getting chop is also luck or bad luck. I know two persons got hired and then fired by Lehman before even joining them and then get a 1-yr retrenchment pay without working a single day. One found a job very soon after and another jobless for a year. Pray hard.

Originally Posted by Unregistered

5.7k too low to get chop. Unlikely to get chop. But then you never know the politics. Sometimes you get chop for being in the wrong camp, wrong nationality, etc. It used to be that Singaporeans get chop first. Now anti-FT, so some companies chop FT first. Sometimes getting chop is also luck or bad luck. I know two persons got hired and then fired by Lehman before even joining them and then get a 1-yr retrenchment pay without working a single day. One found a job very soon after and another jobless for a year. Pray hard.

Luck is everything.

[Bean]

Originally Posted by Unregistered

5.7k too low to get chop. Unlikely to get chop. But then you never know the politics. Sometimes you get chop for being in the wrong camp, wrong nationality, etc. It used to be that Singaporeans get chop first. Now anti-FT, so some companies chop FT first. Sometimes getting chop is also luck or bad luck. I know two persons got hired and then fired by Lehman before even joining them and then get a 1-yr retrenchment pay without working a single day. One found a job very soon after and another jobless for a year. Pray hard.

i already been working 4 years as an engineer(now is senior engineer) since grad from university.

I estimate I need 10 more years (with 2 more promotion needed) to hit 5.7K if I am supposed to continue serving this company!!!!

5.7k after 14 years as an engineer.....well pay sux

Originally Posted by Bean

i already been working 4 years as an engineer(now is senior engineer) since grad from university.

I estimate I need 10 more years (with 2 more promotion needed) to hit 5.7K if I am supposed to continue serving this company!!!!

5.7k after 14 years as an engineer.....well pay sux

Wait a minute. That can't be right. But if it so, I'm sorry to hear that. The future for engineers could be quite uncertain as Singapore is increasing pricing itself out to places such as China. A number of my engineering classmates are permanently out of job after more than 10 years of working. Luckily I made the switch to finance. Keep evolving and make yourself more valuable.

Im 32 and working in IT for 8 years getting a miserably 3k in a sme, starting when I was fresh was only 1.5. Looking at the fact that most at this age are getting 8 to 15k per mth really slaps myself into reality. Never did I expect IT can fegtch so much money with the influx of FT in the IT industry. I know I'm underpaid but never expect it to be this much

5.2k pm is a very weird number. MA programs are between 3.5-4.5k.

Investment bank grad programs are between 8-10k.

5.2k is weird, what role is that? Maybe treasury role..

Originally Posted by Unregistered

People who earn that much are usually in the MA program or some sort of high flier, I highly doubt they would be the first choice to get retrenched lol.

I have a business deg, and in a manufacturing company, doing procurement
Avg 6.5 gross p.m

Am worried if I will be able to command similiar or higher if I hop to another co.
thinking of moving to chemicals/aviation co where the bonus should be higher.

Any advice on procurement functions doing well in what fields?

Originally Posted by Unregistered

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?

Totally agree.