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 Lets Talk Salary! v3

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chabalang
post Jan 9 2010, 10:11 AM

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QUOTE(4evernelson @ Jan 8 2010, 11:25 PM)
All of u are so good, I'm fresh grad, working for 1 yr now, but my paid still below RM2.1K , it's not fair~

How come others have at least 2.5 -3 K ~
*
To: 4evernelson:

My apologies if I hit your "sore spot". I was merely trying my best to provide some information to help ZeroWings. Remember a Chinese quote - "Ren bi ren, chi si ren" (If you compare yourself with others, you may become vain and bitter). I can empathize with you because once in a blue moon, I do compare with my good friends who are earning 7-figure annually - I do feel slightly inferior but my high-income buddies envy me instead (because I am currently doing something I enjoy and have financial freedom). With higher pay comes more RESPONSIBILITY and pressure. I do believe everyone has an equilibrium or "comfort zone" for work/life - for me, even if I have skills/brains for a 7-figure job, I CANNOT "tahan" the pressure for long.

You are still YOUNG, bitterness and jealousy can be a stumbling block in life. If you pay is slightly below par, ask and motivate yourself to earn more. Remember to gain relevant experience and network. The -+2.5k quote is a common pay range for M'sian banks/FIs. As zydoce correctly pointed out, many factors are in play. As I grow older, I realize some things in life can be explained but a lot of things CANNOT be. I am not a HR specialist but I do know the employment market is NOT a perfect market.

You may wish to read the following article:
http://www.themalaysianinsider.com/index.p...n-hiring-spree-
(even for entry-level banking jobs can range from S$2,600 to S$8,000. I personally know young graduates can earn more than S$10,000 in bulge-bracket IBs. Remember the high-paying ones are only a handful, thousands are earning around S$2,500 and thousands are STILL looking for a JOB!).

Pls cheer up...
ZeroWings
post Jan 9 2010, 09:04 PM

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QUOTE(chabalang @ Jan 8 2010, 10:29 PM)
First of all, your question is NOT silly.

As a fresh graduate, your gross pay in M'sia will not be much: probably around RM2500-3000 (btw, financial controllers are EXPERIENCED position, not for fresh grad.) If your degree is from LSE (is it an external programme?), getting a decent job in the finance sector is not too difficult, subject to the economic/sector situation. First few years, do not expect to earn too much. The JUMP comes after you get a few years (3 to 5) of experience and effective networking. Some guys who are more "gung-ho"and capable can earn more than 10k after that (but that's minority). Generally, more than 5k after 5 years.

Pay in Singapore is definitely MUCH better than M'sia but the competition is stiffer as well. There are plenty of M'sians in Singapore finance sector.

To get an indication of pay:
http://hubpages.com/hub/singapore-salary-guide
http://www.kellyservices.com.my/web/my/ser...alaryguide.html

Please bear in mind some of the survey data may be skewed and some are on the high side (Michael Page and Robert Walters are executive "head-hunters"). Generally, the pay in Singapore is much better than M'sia (1S$:2.4 ringgit and much lower personal tax rate). Wondering how come I know? - I have worked more than 15 years in the financial industry in S'pore, Msia and etc...now semi-retired - relatively free enough to offer some help in LYN.

Sorry for being naggy (that's the problem of growing old). Do get experience, LEARN, have a GOOD attitude to work. Find something you really like and $$$ will come along (interest + hard work are impt factors for success).

Since you need to take care of your younger siblings, $$$  is impt but pls do not overlook your long-term development plans and interest as well. Cheers... smile.gif
*
not silly? biggrin.gif

hmm, i had expected gross ard 2k-2.5k though, i did a tiny research on salary in this line for fresh grads b4.

so if financial controller is for experienced ppl, what can i actually apply upon graduating?

yes LSE is external, i cant afford to go to the LSE in UK though, tat's way too expensive. Cost wise, this external programme is just the thing i want.

i asked some frens in this line b4, normally 5 years is needed, tat's why im thinking to take CFA in the first 5 years, as CFA required 4 years to receive the charter. btw, wat's gung-ho? my dialects not well LOL. of coz i do aim for the minority but wil not pin too high hopes. 5k+ after 5 years looks fine to me as my parents (50+ and 40+) is earning sum of 10k monthly.

izit hard to go into SG's finance sector? graduated frens encourage to go to SG, as the pay and other benefits is better than MY.

its not naggy, im here bcoz i wanna infos and advice, talk more = more info which is good for me. tongue.gif

anyway, thx for the infos. goodluck and happy new year
fletcherwind
post Jan 9 2010, 09:57 PM

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CFA designation can only be used if you have worked in a relevant industry for a certain number of years.

If your finance industry is on banking, then the fresh grad pay is close to 3k or more. But if you are talking about back office finance, that's a different story.

I might have stated somewhere about front office and back office before. You should really have a very clear understanding about this before applying for any job positions. The reason why im doubting you is because you're talking about CFA and Finance controller job as if they are similar in nature.

This post has been edited by fletcherwind: Jan 9 2010, 10:00 PM
4evernelson
post Jan 9 2010, 10:44 PM

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thx for ur comment chabalang
Ken
post Jan 10 2010, 07:42 PM

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QUOTE(4evernelson @ Jan 8 2010, 11:25 PM)
All of u are so good, I'm fresh grad, working for 1 yr now, but my paid still below RM2.1K , it's not fair~

How come others have at least 2.5 -3 K ~
*
you really still have a fresh graduate mind ...

ask yourself ... do you do anything to improve your salary ? whistling.gif

world is never fair ... shall we complain we are not Mr. Lim family members ? rolleyes.gif

p/s : my first job in 2004 only RM1.4k salary, it is so damn low ... i immediately change job and look for the field that can give me higher paid ... and now my paid is near to 6K ...
Double_Ace
post Jan 10 2010, 08:15 PM

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Hello any brother or sister here took mass com or culinary arts,mine sharing what are you doing now and how much is your salary brows.gif
4evernelson
post Jan 10 2010, 11:44 PM

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make sense~ thx for comment bro~
Lineage
post Jan 11 2010, 12:40 AM

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Hi all..wanted to ask..normally how much a normal laptop software technician's salary? with 1 year+ experience and got a Diploma in IT..
richie86
post Jan 11 2010, 03:10 AM

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Job Title : Programmer
Location : Penang
Job Desciption : Programming in PHP, .NET
Years spent in company : 8 months
Company : Software House
Industry : IT
Tenure : Contractual
Employment Level : Junior Executive?
Experience before joining : Fresh graduate
Salary When Join: RM 1800
Current Salary: RM 2200

Sent to HK once on 2nd month for 1 month with daily allowance RM 150.

Was actively looking for new job because I'm feel I'm underpaid for what I'm doing, was planned to join MNC but heard the annual increment is < 10% usually? Any comment or suggestion? Much Appreciated!
love.beginner
post Jan 11 2010, 03:23 AM

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QUOTE(richie86 @ Jan 11 2010, 03:10 AM)
Job Title : Programmer
Location : Penang
Job Desciption : Programming in PHP, .NET
Years spent in company : 8 months
Company : Software House
Industry : IT
Tenure : Contractual
Employment Level : Junior Executive?
Experience before joining : Fresh graduate
Salary When Join: RM 1800
Current Salary: RM 2200

Sent to HK once on 2nd month for 1 month with daily allowance RM 150.

Was actively looking for new job because I'm feel I'm underpaid for what I'm doing, was planned to join MNC but heard the annual increment is < 10% usually? Any comment or suggestion? Much Appreciated!
*
400 increment after working just 8 months is not underpaid..work for at least 1yr if you really want to leave, 8months experience will do no good in your resume.
Ken
post Jan 11 2010, 08:37 AM

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QUOTE(richie86 @ Jan 11 2010, 03:10 AM)
Job Title : Programmer
Location : Penang
Job Desciption : Programming in PHP, .NET
Years spent in company : 8 months
Company : Software House
Industry : IT
Tenure : Contractual
Employment Level : Junior Executive?
Experience before joining : Fresh graduate
Salary When Join: RM 1800
Current Salary: RM 2200

Sent to HK once on 2nd month for 1 month with daily allowance RM 150.

Was actively looking for new job because I'm feel I'm underpaid for what I'm doing, was planned to join MNC but heard the annual increment is < 10% usually? Any comment or suggestion? Much Appreciated!
*
MNC has less increment but they do have contractual bonus which most local company can't provide especially those cina man company ...

so you need count by annual salary ...
richie86
post Jan 11 2010, 09:20 AM

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QUOTE(love.beginner @ Jan 11 2010, 03:23 AM)
400 increment after working just 8 months is not underpaid..work for at least 1yr if you really want to leave, 8months experience will do no good in your resume.
*
Actually I receive the letter for increment, it's suppose to be on February. But after I told my manager that I'm leaving soon (after finishing the HK project), then she trying to hold me by talking to HR manager to increase it on december.
She told me after her maternity leave (somewhere end of february) and will try to increase to 2500 again.
Yes I do know at least 1 year experience is important, I will leave it either end of my contractual period or 1~2 month later.
But somehow I think.. 2500 it's like too few to me for after working for 1 year. A little bit regret because last year before I start working, I got offered 2500 from head hunter to work in Intel but I refused (heard a lot of bad news like headhunter rarely increase your salary)

QUOTE(Ken @ Jan 11 2010, 08:37 AM)
MNC has less increment but they do have contractual bonus which most local company can't provide especially those cina man company ...
so you need count by annual salary ...
*
Yes annual salary, that's my main point of leaving because once MNC do provide bonus if you are permanent.
and also I planned to move to a job that are more to software security area which will be my main interest (but it's rarely to find these job, especially in penang)

I have a question
- If I have an offer from head hunter while they provide salary that I want with bonus, do you think I should go for it (Might have a chance to get converted to permanent or there might be a risk that sometime the job I got offered will never have permanent)

Comments are appreciated.
Grimm
post Jan 11 2010, 02:29 PM

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If you were REALLY headhunted, you have bargaining power. I'm sceptical if you really know what the term means.
richie86
post Jan 11 2010, 03:14 PM

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I heard from rumour that, headhunter get paid for senior post while they hire junior to earn your salary per month. or else the MNC pay them a lum sum for slotting people in. btw.. Headhunter = job agencies right? or there is different in between them?
ZeroWings
post Jan 11 2010, 09:24 PM

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QUOTE(fletcherwind @ Jan 9 2010, 09:57 PM)
CFA designation can only be used if you have worked in a relevant industry for a certain number of years.

If your finance industry is on banking, then the fresh grad pay is close to 3k or more. But if you are talking about back office finance, that's a different story.

I might have stated somewhere about front office and back office before. You should really have a very clear understanding about this before applying for any job positions. The reason why im doubting you is because you're talking about CFA and Finance controller job as if they are similar in nature.
*
pls do advise on the front and back office and the difference in nature of CFA and Finance controller. for wat i know, CFA = financial analyst. as the the nature in deep, yes im not very clear bout it. ur comments is much appreciated

Added on January 11, 2010, 9:26 pm
QUOTE(richie86 @ Jan 11 2010, 03:14 PM)
I heard from rumour that, headhunter get paid for senior post while they hire junior to earn your salary per month. or else the MNC pay them a lum sum for slotting people in. btw.. Headhunter = job agencies right? or there is different in between them?
*
from wat i know, headhunters and job agencies are different. if headhunted, its really very very good in all aspects

This post has been edited by ZeroWings: Jan 11 2010, 09:26 PM
georgelimsk
post Jan 11 2010, 09:56 PM

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Joined: Sep 2008
Job Title : Sales Engineer
Location : Penang
Job Desciption : sales
Years spent in company : 2.5 yrs
Company : Japanese
Industry : Recycling
Tenure : Permanent
Employment Level : Fresh Grad
Education; Science Degree
Salary When Joined: RM 1800
Salary when Left: RM 2000

Job Title : Sales Exec
Location : Penang
Job Desciption : Channel sales
Years spent in company : 0.5 yrs
Company : Sony
Industry : Sony products
Tenure : Permanent
Employment Level : executive
Education; Science Degree
Salary When Joined n Left: RM 2200
richie86
post Jan 11 2010, 10:12 PM

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QUOTE(ZeroWings @ Jan 11 2010, 09:24 PM)
from wat i know, headhunters and job agencies are different. if headhunted, its really very very good in all aspects
*
Thank you so much for your comment.. I guess I will continue my decision to finding job now.
Palermo
post Jan 11 2010, 10:48 PM

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Job Title : Software Engineer
Job Desciption : write web-based application / system in PHP, but lately been doing SA stuff.
Years spent in company : 1 year
Company : Local software house
Industry : IT
Tenure : Permanent
Employment Level : Dont know
Experience before joining : Nil
salary : RM 2600

Average I guess..
debbieyss
post Jan 12 2010, 01:07 AM

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QUOTE(Ken @ Jan 10 2010, 07:42 PM)
you really still have a fresh graduate mind ...

ask yourself ... do you do anything to improve your salary ? whistling.gif

world is never fair ... shall we complain we are not Mr. Lim family members ? rolleyes.gif

p/s : my first job in 2004 only RM1.4k salary, it is so damn low ... i immediately change job and look for the field that can give me higher paid ... and now my paid is near to 6K ...
*
What he is tring to say has nothing to do with his qualification and educatio level.

He is merely pointing out the justification of salary range for fresh grads. Assume that he has the same education level and qualification with his peers yet he has only less than RM2.1k.

Improving his skills or not is one case, the existing bias and dissimilarity of salary range among the same qualifications is another case.
moyl_finuda
post Jan 12 2010, 11:21 AM

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dun really see ppl in my line except for the first post, lol, here goes, mine:

Job Title : Video editing
Job Desciption : Post production video editing
Years spent in company : 3rd month
Company : Postmotion Studio(mutiara damansara)
Industry : IT
Tenure : Probation
Employment Level : junior editor i guess
Experience before joining : Nil
salary : RM 1800

ps : this will b my last month of probation, so hopefully to get salary increase tongue.gif, company very small nia, got 4 ppl include me xD
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