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Yesterday 01:54 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
its more like in the early days singapore leapfrogged but now others have leapfrogged over us.
people are too comfortable to want to work the extra mile to leapfrog anymore
Yesterday 01:52 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
How many of you feel that Singapore has declined significantly over the last decade? Stagnant pay not keeping up with inflation (except for politicians), rising GST tax and threat of future income taxes raises, rising hdb prices, cecas threatening to take our professional jobs, murderous crazy teens running amok in our midst, and such.

If you ask me ten years ago if I could see Singapore in such a sad state, I would have laughed in your face. Or do we just pop a xanax and see everything through rose-tinted glasses as we were taught in schools to do?
its more like in the early days singapore leapfrogged but now others have leapfrogged over us.
30-07-2021 10:15 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I feel blessed

Job: Staff Software Engineer at a tech company
TC: 240K (mostly due to stock appreciation)
My tax is gonna blow up next year.
I often see staff engineer title.
Is this rank higher than senior engineer?
Like principle engineer?

I am just senior engineer
Earning only 116kpa after bonuses
Feel stagnant already.
29-07-2021 12:55 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
How many of you feel that Singapore has declined significantly over the last decade? Stagnant pay not keeping up with inflation (except for politicians), rising GST tax and threat of future income taxes raises, rising hdb prices, cecas threatening to take our professional jobs, murderous crazy teens running amok in our midst, and such.

If you ask me ten years ago if I could see Singapore in such a sad state, I would have laughed in your face. Or do we just pop a xanax and see everything through rose-tinted glasses as we were taught in schools to do?
I agree to a certain extent. This is a bottomless pit. Only with more manpower then our gdp can keep going up. So more and more people competing for jobs.

In term of happiness, i am happier than the past though as I managed to grab the opportunity that comes with the recent performance by our economy (pre covid). I am now semi retired at 40. Majority of the time are spend on sending kids to school, exercise, do what i like.
29-07-2021 11:59 AM
Unregistered How many of you feel that Singapore has declined significantly over the last decade? Stagnant pay not keeping up with inflation (except for politicians), rising GST tax and threat of future income taxes raises, rising hdb prices, cecas threatening to take our professional jobs, murderous crazy teens running amok in our midst, and such.

If you ask me ten years ago if I could see Singapore in such a sad state, I would have laughed in your face. Or do we just pop a xanax and see everything through rose-tinted glasses as we were taught in schools to do?
20-07-2021 05:21 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
60k to 160k in 5 years is impressive. Can you share more on your progression as it doesnít look like you started in front office? Do you also mind sharing the specific role as portfolio management, research, strategy, etc all fall under the fund management umbrella?
27-29: Mezzanine Financing at an international Bank. Left earning exactly 73k.

29 - 32: Investment Analyst at the current fund. Got very fortunate jump to 100k when i first joined. Promoted at 30 to Senior Assoc. Promoted at 32 to portfolio manager, which included a pay adjustment up to 160k.
Maybe just a quick footnote here: i am the beneficiary of my current portfolio manager going back to her home country, and her putting in a recommendation for me to take her role.

Started at 27 because I undertook my MFE over at CMU right after local undergrad here in SG. But don't think this has any bearing on promotion trajectory
20-07-2021 04:45 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
definitely did not start out this way. my first salary at 27 was $60k/annum.
i've been giving parental allowance of >$1k since the start.
Plus I had my education loan to repay when i first started ($28k) +($40k for masters to family members).

But i take your point. Need to earn more to catch up then.
60k to 160k in 5 years is impressive. Can you share more on your progression as it doesnít look like you started in front office? Do you also mind sharing the specific role as portfolio management, research, strategy, etc all fall under the fund management umbrella?
20-07-2021 03:45 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
45% bonus in 2020? Isnít this on the low side considering funds performance last year? May I know whatís your fund AUM?
My organisation manages a few Trillion USD in total. Only a few manage at this magnitude so you'll easily guess which.

As for funds performance - I suppose you might not be in the fund management industry if not you'll know about hurdle rates and watermarks. The absolute return matters much less than the relative return to benchmark. The HYC FI fund i'm part of hit just a few bps above benchmark, net fees.

But if you're talking about the IB space where IPOs have had a stellar year, then i'd agree its on the low side.
17-07-2021 09:46 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
8 YOE
TC: 300K
Non SWE in Tech
Non SWE? are you in sales role or PM?
17-07-2021 03:30 PM
Unregistered 8 YOE
TC: 300K
Non SWE in Tech
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