Depends on the sector. If you're talking about the banking sector then 4% is considered very low. Usually without promotion should be around 8%. With promotion usually around 10% - 20%.

I thought banking sector is usually quite low

my friend in RHB IT department got like no more than 2% increment, but they have one adjustment (to cater inflation) and one increment (based on performance) every year

wow if like dat banking sector is like a gold mine?

cos always oso hear they got like 10 months or more bonus every yr and icnrement also 10%...

thinking shud i start switch to banking sector i dun mind even if get freshie position cos it eventually better prospect than my current job

That is a good idea. I also will consider it.

10% increment is pretty normal in other sectors as well. Quite a number of my telco engineering friends get that much. It all depends on you. No matter what sector you are in you will be able to excel provided you work hard.

Any not all departments in a bank get 10 month bonus. The banking sector and a banking organisation is very huge. Different department different entity in a bank will have different pay scale etc.

Some sectors less increment but more bonus.
Some sectors more increment but less/no bonus.

But usually most of the sectors less increment less bonus

This post has been edited by ldhong: Jan 24 2013, 10:38 PM

Any job juz butter and bread of daily life. This is salary topic, there is not max salary you will get for you job,either improve yourself,aim for promotion else jump ship for better one salary if the current boss not a able justify for you.

Aim lah, the increment more then FD rate. If every year onli increase rm 100, but the food and other thing increase so much.


How to manage your financial pls visit Personal Financial Management

Everything increase so much definely i encourage go for more paid.

Bank IT is enduser, becoz not much changes for mature company then not much they can give you higher except Merging/Change system require specilize skill.

From what I've seen/heard, RHB's increment is kinda crappy so I don't think it's a good benchmark. U must always remember PhakFuhZai, increment, bonus etc. are pretty subjective.

if you are young, aim to jump jobs, learn maximus..

then after 35, when it is statistically proven that jumps won't get you 30% anymore, stay in an organization with amazing benefits, and a good work life balance...

profit

For me, if the company only can give < 5% increment every years.. I will definitely looks for elsewhere..

I am in my early forty, only drawing monthly 7-8k sal. In a very unique specialist energy cost consultancy line , working life is great coz MNC but bosses remote manage from different time zone, so gets a lot of space n time. Dunno if pay is pathetic or not but hard to compare when I am in unique line / profession

Can i know what a financial analysis did? I'm still study finance and investment,not accounting,is it related?

Is anyone working in investment firm? how is the payment? and what is the job scope?

You receive this offer from which firm? A financial analyst position is not easy to get as i know. How much is the paid? I'm actually still studying and plan to enter investment firm or any finance related job after graduated. Any firm can recommend?

But ur time is very flexible. U can get 2nd job

Try whatever firms.try to get higher luck.
What i am doing like competitors analysis, business strategic, market analysis, statistics, research, interviews,etc. Indeed u will be a good observant if u ever studied sociology

can i know what investment bank you go for?