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11-05-2016 03:45 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
It does not matter if he is single. Its a high risk, low reward move. You are already drawing 115k total and as long as you stay in your job, it will keep increasing.

Never move to a contract job. You can never convert back to perm. The next jobs you find will all be contracts.

And anyway if you are already working in a bank for so many years, you should already know all of this.

The fact that you still struggle to make a choice does not really speak well of you actually.
Yea I'm a bit surprise TS still struggle for such obvious choice. Also I don't buy the logic that you can just use high base salary in a contract to bulldoze your way to bigger pay. HR is not that stupid actually.

I am doubtful bank's HR will be impress enough to offer high basic pay for a contractor doing essentially junior level biz analytical work... Maybe in 2007 when money is everywhere and not enough people to fill up jobs, but definitely not now in 2016 with so many candidates on contract/unemployed applying for perm roles.
11-05-2016 03:10 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Ahhh..then it makes a difference. Not married, no kid, can take risks. Verdict: 40% jump in base, bonus guaranteed, better brand name, interest (some?) in the job scope. I will take it. If i get laid off later, at least i still have a good name on my CV (quite impt if u've never been in one) n negotiate for future roles based on this new high basic.

All the best mate, congrats and don't forget to help fellow singaporeans here in future when they need advice
It does not matter if he is single. Its a high risk, low reward move. You are already drawing 115k total and as long as you stay in your job, it will keep increasing.

Never move to a contract job. You can never convert back to perm. The next jobs you find will all be contracts.

And anyway if you are already working in a bank for so many years, you should already know all of this.

The fact that you still struggle to make a choice does not really speak well of you actually.
11-05-2016 07:25 AM
Unregistered
caution

Ahhh..then it makes a difference. Not married, no kid, can take risks. Verdict: 40% jump in base, bonus guaranteed, better brand name, interest (some?) in the job scope. I will take it. If i get laid off later, at least i still have a good name on my CV (quite impt if u've never been in one) n negotiate for future roles based on this new high basic.

All the best mate, congrats and don't forget to help fellow singaporeans here in future when they need advice
11-05-2016 12:11 AM
Unregistered
Forgot to mention

Quote:
Originally Posted by Unregistered View Post
Go ahead if u are risk loving. If not better play safe and stick to full time job
Forgot to mention I am 32 and not married
10-05-2016 11:32 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
AML and compliance is still hot this year. Do you think it is still worth jumping?
Go ahead if u are risk loving. If not better play safe and stick to full time job
10-05-2016 11:13 PM
Unregistered
I am in AML

Quote:
Originally Posted by Unregistered View Post
I have to agree with most posters here, unless you have confidence the banking industry will recover within 1 year, better not to take the risk. Generic jobs like business analyst don't have high priority to convert unless there is a bull market.

You should look for jobs that can give you room to grow, going for a lousy and lower level job for the sake of higher pay and high risk of no conversion don't sound smart to me.
AML and compliance is still hot this year. Do you think it is still worth jumping?
10-05-2016 11:12 PM
Unregistered
contract

The bonus is completion bonus and it will be in the contract. The base is about 40+% increase.
10-05-2016 10:45 PM
Unregistered
caution

Hi, i dunno about contract role cos ive never been in one but bonuses are NOT guaranteed in perm roles. I switched to another bank and got zero this year. So whatever number they promise you beforehand, make sure the bonus number is stated in your contract. If not, you should just judge and compare using the basic only. Think long term about what you want to be and be patient.
10-05-2016 10:04 PM
Unregistered I have to agree with most posters here, unless you have confidence the banking industry will recover within 1 year, better not to take the risk. Generic jobs like business analyst don't have high priority to convert unless there is a bull market.

You should look for jobs that can give you room to grow, going for a lousy and lower level job for the sake of higher pay and high risk of no conversion don't sound smart to me.
10-05-2016 03:54 PM
Unregistered when u join contract job, there may be option to convert to perm. why? cos perm is better than contract.

have u heard of a job where u join as perm then they convert u to contract after 1 year? no right?

so dont be stupid
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