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| Income and Jobs Discuss jobs, career options and of course salaries |
Topic Review (Newest First)
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| 24-03-2014 03:20 PM | ||
| Unregistered |
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Working overseas as a non-expat is not necessarily a good deal. Ask urself these cold hard qns: Is rental covered? If not, how much do u need to pay for rental? How much r u earning after taxation? How long will u be there? 1-2yr or long term? 50% tax is not a joke. Some schegen countries have a pension system which requires u to 'clock a number of years' before you qualify. Tax makes no sense to you if u don't have a family (education, medical) here or u dun purchase properties that are tax deductible. Do you speak dutch or the language there? Do you intend to learn? English alone severely limits you in EU countries. You'll know if you've been there. Are you an outgoing person? The ang moh culture is much more outspoken than asian ones. All these being said, it is a good experience to work and experience a different country. Netherlands is a good country to travel around EU from. Is this important to you? Personally, I would say that it is generally quite lonely if u r overseas. Working overseas makes most sense if u r on a good package and when u r young. Or if you want to emigrate. |
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| 24-03-2014 11:37 AM | ||
| Unregistered |
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| 22-03-2014 11:44 PM | ||
| Unregistered |
alright i shall offer some advice to a junior topic starter over here. i was a NUS chem eng graduate, but i have moved into the banking sector right after graduation. to cut things short and make things simple, i shall not mention much about my history. just some words of advice to this mis-conceived fresh undergraduate: yes chem eng doesnt let you have a paycheck as good as those working in the finance sector, but that doesnt mean that being in the finance sector is much easier or rosier than in an oil company. its true chem eng education is much much harder than finance. Pros of chem eng: -i can assure you the training you get is a solid one, in terms of your thinking. with that kind of training you get (all the CN mods design project or whatver), you will be ready enough to handle a master in finance or whatever masters you want in future. Facts about banking sector: - yes you can get a better pay check but it comes with alot of sacrifices. - its not as glam as it seems outside. - the probability of office politics is much much higher. - you can lose your job anytime i.e higher salary compensate for instability I can see clearly your motivation is about money. if you have plans to setup your own business, i guess you may be much better off being an engineer or banker. Some final word of advice: Please start avoid the thinking that right after graduation, the jobs will come to you or if money start pouring to you cos you are entitled to just becos you studied engine finance or whatever courses. In short, "You need more than what a degree provides you" Get through university first. once you start working, you may realize your thinking would have changed. |
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| 21-03-2014 09:08 PM | ||
| Unregistered | Hi. I have a stat board scholarship. I have an offer from Shell, to start in the Netherlands (Amsterdam) on a local contract (non-expat). Any advice? | |
| 12-03-2014 08:05 PM | ||
| Unregistered |
If you are good, you make big bucks wherever you go. Doesn't matter if it's chemical engineering or accountancy. If you aren't good, you won't make big bucks anywhere you go. It's as simple as that. So choose something that you like. There's a higher chance that you will do better in that course. Remember, the degree is only the key to open up your career. It doesn't really matter after that. Everything after that is dependent on your performance. I'm a chemical engineering grad myself, all I've to say is that it's definitely not an easy course. Everyone in chemical engineering has straight A's for their A level. So if you are someone who struggled to ace your A level, then you will just be part of the statistics in the course. Bell curve is a very cruel thing. |
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| 12-03-2014 07:19 PM | ||
| Unregistered |
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what you hear/read are about people who are at the two extremes of the normal distribution - either they make big buck or they don't (top 5% and bottom 5%) These are cases that are mostly highlighted in newspapers - it is all business to the media as people like to read such stories. Media does not publish stories of average guys - chemical engineering -as many many many make the average salary. There is nothing selling or appealling about it to the masses. Both of the above are normal distribution but the population mean of chemical engineer salary is higher than that of the accountant. |
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| 12-03-2014 02:39 PM | ||
| Unregistered |
Like what several posters have indicated, if you're in for the money, please go and study other majors which are finance related. Note that out of 1000, maybe only 1 will earn big bucks (more than 25kpm) in the finance industry. However, if you're a good chem engineer, chances are you will be promoted and emplaced onto management track. By then, you'll be easily drawing 15k - 25k pm, depending on your roles and responsibilities. Having said that, there is a limit as to how much a chem engineer can earn even if he's on management track. Vis a vis a talent in the finance industry, the sky's the limit for their salary. Word of advice, you have not even smell what chem engineering nor accountany nor finance related course are like. Don't assume it'll be a bed of roses and that things will go your way, you'll get FCH and land a good job. Find a course that interests you. Chances are you'll score better than studying a course with a "good" future but does not interest you. And oh, you'll need excellent grades, fantastic network, and good internship experience if you wish to land onto your dream job in finance. Even then, it's not a foul-proof method. |
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| 12-03-2014 01:57 PM | ||
| Unregistered |
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| 12-03-2014 01:06 PM | ||
| Unregistered | If you're good and your company recognizes your effort, you can be earning more than $10k a month when you're just in your thirties as a chemical engineer. But of course, this depends on the scale of the company. | |
| 12-03-2014 12:20 PM | ||
| Unregistered | Just for your info, most chemical engineers don't remain chemical engineers for life. There's this thing called progression in case you are not aware. Most engineers move on to management positions and their pay is likely not classified under the 'chemical engineer' group. | |
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