Age: early 30's
Years spent in company : 3
Total working experience: 10
Company : International
Location:KL
Industry : Construction/Project management
Tenure : Permanent HQ based
Position Level : Senior Exec
Salary : approx RM 14K
Benefits: car allowance, fuel, hp, laptop, share allocation, full medical cover for family up to RM 90K per pax per annum
Increments : approx 10% per annum
Bonus: approx 2 months per annum

Hows my salary package? Any views?

One thing i will tell u is that your results have little bearing in your working life. You can have a 1st class honors degree but that will not guarantee you a good working career. Its all about how well u impress in the interview and how you manage your professional working life.

The degree you get is only to grant you permission to work.

He is in CONSULTANCY not CONSTRUCTION. Consultancy pay is low. Construction pay is not.

Construction line pays well. It all depends on how high u wanna reach and your drive. But ure not in construction. U are in consultancy. Big difference. You get paid less since u enjoy the aircon and 5 day work week. Construction is tougher and you must be preared to sweat. BUt after a few years, ull reap the benefits when you climb the corporate ladder.

Earning 3K per month in your 3rd year is considered ok for your line of work. I know friends of mine who are only earning RM7K after 11 yrs of working. So dont complain. Focus on improvig yourself and getting the neccessary working experiences and in time u will reap the rewards. If u want an easy life early on in your career while expecting high pay, then ure in for a hard time later.

I started off with a RM1500 salary working 6 days a week. But i worked hard and didnt complain much. In 5 yrs i was already earning RM 25-28K (tax free) as an expat in Indonesia.

Why do a currency conversion? You are working in NZ, earning in NZ and spending in NZ so everything should be compared using NZ dollar not converting it to RM. You only convert to RM if ure a tourist or when u bring back your NZD to Malaysia. But for comparison of salaries the currency doesnt matter. Always compare apple to apple.

Your over RM 300K per annum salary is equivalent to over NZD$ 122K which adds up to about NZD$10K per month. This is the same as earning RM10K per month in Malaysia which is normal for a person with 9 yrs experience. Plus u dont get yearly bonuses which is a minus. Your benefits are about the same as any Malaysian company here. MAny MNC companies in Malaysia actually offer better benefits.

Is this located in KL or elsewhere?

Just passed the RM15-16K plus barrier for 2012.

At your age, whats important is experience not salary. If u want an easy job so early in life and expect to be paid well too, then im afraid 10 yrs down the line, u might find your self behind others. I started with only a RM1,500 salary working on a project site and i moved around in the first 5 yrs getting alot of experience. Didnt bother much bout salary then as i knew experience was what counted. After 5 yrs i went overseas for 2yrs and started earning a 5 figure salary (tax free). Ive never dropped below a 5 figure salary since then and now after 11 yrs experience, im doing quite well and earning a decent income.

So my advice is you need to have a career plan. Dont just jump from 1 company to another without a definite purpose. At your age, your only purpose should be to get experience. Always ask yourself where you wanna be in 10 years time because what happens in 10 yrs time is decided by the decisions you make now. The salary will come with experience so dont worry bout that so much now. Many of my friends choose the easy life when they graduated and now, all of them in Malaysia are earning less than me.

Choose established companies always and improve your communication & writing skills. This will take you a long way in addition to technical expertise.

This post has been edited by cybermaster98: Jan 16 2012, 05:32 PM

After conversion. But that was a few years ago. Now im based locally.

Your friend obviously doesnt know how to manage his finances. There are many ppl out there who earn high salaries but at the end of the month are still broke. Its not about how much u earn. Its about how much you spend and save. Your expenses should not rise according to your salary. Alot of ppl make the mistake of spending more when their salary increases. So no matter how much they earn, they are gonna be broke at the end of the month. But if your expenses increase because you have invested in property then its ok. But not for lifestyle upgrades.

I too used to earn RM300K per annum at one stage but i still drove a 5 yr old car and wore RM80 jeans and ate at mamak shops.

This post has been edited by cybermaster98: Jan 17 2012, 10:05 AM

Its a good package. Stay there and get more experience.

Number of years of experience is only a rough indicator. Its the quality of the experience that counts.

Ure 33 yrs old but only 6 yrs experience? How come u started working so late? Well, 4K+ salary isnt that bad for someone with 6yrs experience.

Sorry but could you rephrase? I cant understand what u are trying to say.

I think the question here would be: Why do you think ure underpaid? What are your benchmarks?

Friend, ure working in a small chinaman company. This is how it is with these types of companies. Nothing new. The advantage of working with chinaman companies is that u are made to do a wide variety of work thus giving you experience. Take that experience and then aim for multi national companies. But dont leave your current company till you have reached a certain level of technical excellance. Uve only worked for 4 years so its alright. With the right experience ull climb up the salary scales quite fast. But you also need the right attitude and communication skills to progress.

For once i agree with you.

Bro, common sense would tell you that those salaries are ANNUAL not MONTHLY.

Actuaries are well compensated. Experienced fellows have the potential to earn from $150,000 to $250,000 annually, and many actuaries earn more than that.

http://www.beanactuary.org/why/?fa=salary

http://www.bls.gov/ooh/Math/Actuaries.htm

Yes your friend earned RM 10K per month or SGD 4,100. U cant simply convert to ringgit. U have to consider the base salary in the home currency if u wanna compare salaries. If u do a reverse calculation, a Malaysian engineer earning RM 5K per month here will earn about 4K pounds in UK as well. He won't be getting 1,000 pounds would he?

And using 1 person as a benchmark wont give you a realistic assessment.

This post has been edited by cybermaster98: Jun 12 2012, 04:13 PM

5 digits for what? Annual salary? There is no 5 digit monthly salary for fresh grads in Actuarial Science in Malaysia or any other country for that matter. Leave out the currency conversion if ure comparing base salaries between countries.

If u wanna do comparisons, i had fresh grad friends who went over to Singapore to work as electronics technicians and they brought home a salary of approx SGD 3K per month (RM 7,200). The minimum qualification to be a technician is only a diploma. So is earning RM2,800 more really a big deal for a degree holder in Actuarial Science?

This post has been edited by cybermaster98: Jun 12 2012, 04:54 PM

Fresh doctors (medical officers) only get about RM2,200. Ive got doctor friends with about 10 years experience in Gov hospitals earning only about RM7K per month (including allowances).