i see.. thats probably the reason why they offer you fresh grad pay.
your previous exp is consider as pre graduate exp..

my friend join a SB as diploma grad and study part time.. after completion, be it change to another SB or stay in same company, he was only offered a fresh grad pay

should allowance be included in monthly gross as it is an additional fixed amt you receive every month?

Maybe, it is MSF that is why

Private sector opens up more pathways. You gain years of experience, can jump to other private firms with pay bumps unmatched by CS. Even if you get retrenched, you can ultimately have CS to fall back on.

This i dont deny is true for private sector. But would need to add on to your final sentence "... have CS to fall back on with pay cuts". Private do pay much better without doubt and crossing over to CS would entail pay cut + likely lower appointment compared to when one is in private.

But isnt it better to start earning more from private sector in your younger days, due to compounding effect from your invesments and cpf over time. Then settle for moderate but stable pay in cs when older? Well this prob doesnt apply to scholars haha

i was the earlier poster from SME to MNC to GLC to SB to Local bank.

actually not so straight for private cross over to CS and visa versa. it is actually quite different.
so i wouldnt say either one can be the fallback of the other.

paywise, CS compensate by bonus.. if you perform, your annual package can definitely match what you can get in private..
+ point for CS is less likely to be retrench
+ point for private is higher monthly salary (no matter what its always better to take money first than to wait for the uncertain bonus & s significant amount of performance usually tie to whether you are given a chance to perform or whether your management likes you)

I disagree that private is higher monthly salary. There are all kinds of private firms out there, including those that use low monthly, high bonus wage model. Don't forget the many commission-based roles in private as well, financial advisor, insurance agent, real estate agent, basically most sales roles and air stewardess/pilot with their flight allowance as well. All these people have alot of uncertainty even in their monthly pay, when they do well they earn alot, but when times are bad or they perform poorly, they suffer alot as well.

Will CS/SB hire people who want to do mid-career switch now? Or are they prioritizing people who are unemployed /fresh grad? I have 10 years of exp in pte sector. Have been applying for more than a year but not shortlisted. Currently have job but my company not doing well so quite worried.
Graduated from local uni.

Well choosing the right industries in the private sector is impt as well. Sales roles in banking/aviation sector might not be doing too well currently, but sales roles in pharmaceuticals are probably generating fat stacks right now :D