Sep 12 2013, 01:07 PM
QUOTE(Quasi-Suave @ Sep 12 2013, 11:42 AM)
Gents, thank you for your thoughts.
For the first scenario, the available roles are at varying levels of seniority. I didn't imagine that they will offer what I think to be the most junior role + pay. As I understand it, it's only slightly better than a SG fresh grad's pay and a ballpark to a SG GT's remuneration. Additionally, the HR person actually backpedaled when the recipient paused for a few seconds upon hearing the amount offered. The HR person almost immediately said "yeah so low...I will check if the amount can be adjusted". The thing is - the HR person knew that the offer is totally off as it does not fit the profile of the candidate but went ahead and asked anyway. Simply because the candidate is a Malaysian. WTF?
In my case, I have been in the banking front line (CIB) for over 10 years. I've paid my dues and have rose thru the ranks. I've done pretty much everything from selling, buying and recovering (defaulted) loans. While I'm pretty sure that there are better, more rounded CIB guys out there - I'm not so bad myself. I have wined and dined CEOs and bang tables/kicked chairs with the best of them (and their lawyers). I've even told CDRC (for those who know who they are) to stick it where the sun don't shine and stood my ground against foreign creditors who want to liquidate clients because I disagree with their assessment to slash and burn (damn those hedge funds).
I totally agree with the "look for the right role and you will get the right pay" maxim and remain hopeful. There will be some of you who will say "complain so much for what, at the end of the day you still have to beg for a job in Sg". My interest in Sg is more because I wanted to grow and take up a regional role. I'm already in a top-ten international bank but I'm bored because the work is all...local. I'm often underwhelmed by the apparent "complexity" of my work that I surf /k all day and still get things done and still leave on time (never after 7pm). So much so that my boss complains that I make him look bad resulting in him piling up more work for me which I clear anyway.
HK/NY/London is all nice and good but I've gotta be realistic too. I'm no IvyLeaguer/Oxbridge dude so competition is tough but it doesn't mean I have to settle do I?
Just that it's annoying when a recruiter with a grand total of 3 years experience (including 1 year in recruiting) calls you up and starts throwing numbers that are not grounded in reality. (lack of logic aside and to his credit - he did demonstrate an ability to do divisions and multiplications).
Anyways - end of rant. Thanks for reading.
I don't know which bank and what position you applied to in SG and your current position in MY. Coming from banking industry here, I found that the pay here is on par dollar to dollar compared to Malaysia when I ask my ex-classmate her pay in Malaysia. We both are in very similar job scope, albeit different bank and title. From her rough gauge, for my position in Malaysia, the dollar to dollar I getting in SG actually bigger.For the first scenario, the available roles are at varying levels of seniority. I didn't imagine that they will offer what I think to be the most junior role + pay. As I understand it, it's only slightly better than a SG fresh grad's pay and a ballpark to a SG GT's remuneration. Additionally, the HR person actually backpedaled when the recipient paused for a few seconds upon hearing the amount offered. The HR person almost immediately said "yeah so low...I will check if the amount can be adjusted". The thing is - the HR person knew that the offer is totally off as it does not fit the profile of the candidate but went ahead and asked anyway. Simply because the candidate is a Malaysian. WTF?
In my case, I have been in the banking front line (CIB) for over 10 years. I've paid my dues and have rose thru the ranks. I've done pretty much everything from selling, buying and recovering (defaulted) loans. While I'm pretty sure that there are better, more rounded CIB guys out there - I'm not so bad myself. I have wined and dined CEOs and bang tables/kicked chairs with the best of them (and their lawyers). I've even told CDRC (for those who know who they are) to stick it where the sun don't shine and stood my ground against foreign creditors who want to liquidate clients because I disagree with their assessment to slash and burn (damn those hedge funds).
I totally agree with the "look for the right role and you will get the right pay" maxim and remain hopeful. There will be some of you who will say "complain so much for what, at the end of the day you still have to beg for a job in Sg". My interest in Sg is more because I wanted to grow and take up a regional role. I'm already in a top-ten international bank but I'm bored because the work is all...local. I'm often underwhelmed by the apparent "complexity" of my work that I surf /k all day and still get things done and still leave on time (never after 7pm). So much so that my boss complains that I make him look bad resulting in him piling up more work for me which I clear anyway.
HK/NY/London is all nice and good but I've gotta be realistic too. I'm no IvyLeaguer/Oxbridge dude so competition is tough but it doesn't mean I have to settle do I?
Just that it's annoying when a recruiter with a grand total of 3 years experience (including 1 year in recruiting) calls you up and starts throwing numbers that are not grounded in reality. (lack of logic aside and to his credit - he did demonstrate an ability to do divisions and multiplications).
Anyways - end of rant. Thanks for reading.
I seldom heard bank undercut people after certain position, most of my colleague that come here from Malaysia actually got a raise compared to their MY salary. I was one of the person doing the interview so I know.
They usually follow a pay scale according to your level, and not your nationality. At certain level, network is more important than your abilities. If you restart in SG and the bank wants you to deal in the local context, then you may be worse of than a local fresh grad. Local experience too.When you are so high up, you should deal with hunters not recruiters. Sorry but when you think your pay is low because of this Simply because the candidate is a Malaysian., I would think you still have to long way to go. Good luck though.
P.S. How to do the show spoiler thing so the quote text won't be shown?
This post has been edited by Fiona Chin: Sep 12 2013, 01:08 PM
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Endure until the free NDP fireworks and F1 then move back to old place after renovation. Prefer trees than concrete jungle. For the tree people! 
... and after they make the purchase, they still can't pay the monthly installments needed of $8k 
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