With 5 years exp in financial industry, how much can I expect in Singapore? I'm looking into investment analyst vacancies. I tried to search for the salary survey report in those recruitment firm, but the range quoted quite big...

So if I put the amount I get here in Malaysia and change the sign to SGD, is it fair?

Thanks for your feedback.

I am just wondering if anyone is working in banking, who might be able to offer some advice. Cause i was made to understand banking industry is quite protected as the government wants to conserve the quota to the citizens. My resume had in the past been submitted to the HR directly, but was told that as foreigner it will be only be considered AFTER the citizens and PRs.

My cousin is in consumer banking line, so very different from what i am doing.

Please correct me if i understood wrongly, or misinformed.

Thanks robert. if you dont mind, i would like to find out more from you personally.

What position you're looking for? I've a contact of an agent whom has many job opening for banking & financial sector.

There are so many job openings of RM in banking sector!! Still ask for contacts? Lol

PS: Teh C peng not my favorite as I prefer milo dinosaur, the wanton mee in Sg sucks.

Hahahha..

I have rejected the Singapore offer  
I feel so relieved. One less option to consider. But I construct the e-mail with a very heavyheart.
Opportunity don't knock my the same door twice, if i give up the opportunity I got in M'sia, I might not get it again.
Same thing with Sg tho. But I do not want to compromise my happiness.

I am happy with my Swift so won't be changing.

Hey guys, anyone here working in recruitment firm? Hows the job market there for Malaysian? Depends on the hiring manager. If the hiring manager is of a certain nationality, he will give preference to his own nationality since both are foreigners. But generally most companies with local hiring managers prefer to hire Singaporeans and Malaysians.And is it true that SIngapore bank normally won't take foreigners? Not true. I have been looking for job in SG for a month, some of you may thought that it's still not long but im getting more concern as i have sent almost 50 applications and none of them call back for at least a phone interview? I'm wondering is it my problem or what The job market is challenging in SG right now..I have two years experiences in trade finance with a global bank in Malaysia, i wouldn't say that my profile and resume are very impressive but i believe should be no problem for at least maybe secure an interview? This is a huge knock on my confidence No. Too many junior bankers in the SG market esp foreigners.I am now still in Malaysia, due to financial problem it's not wise for me to simply go down and stay without interview. With Malaysia address and numbers in resume, could these affect the employer when they are short-listing? Yes. This is the another main reason why you do not get phone calls. Further, there are many people who are already in SG looking for a job and employers will find it easier for them to attend an interview.Thanks in advance guys

As one of the hiring committee for my department, I have never ever put nationality or race into any weightage. One, I won't risk my job for some country man I don't even know. How they pass through audit check with bias selection I don't know. Two, I need some one with competent skill, not some one who have common home story so I can gossip with him during office hour. Three, most of us are here because of the unfair competition in our home country, so I won't practice that so others will suffer like us. I specifically told my HR not to select candidate based on nationality for my interview round. If most places practice like what you said, SG will be similar to MY in terms of development.

Like what kind of "other than that"?

hmm.. is that the reason u relocating back ?

fresh graduate. zero exp .

Lets say if salary rm2.5k compare with 1.5k sgd . no car , no commitment , no rental in MY .

which one will be better? in dilemma 

Because they don't pay SG level salaries in Kampung Kemaluan Kechil where you selamba types live.

So its MYR3.7 vs MYR7.25 (converted at 2.5x). That's almost 2x (approx. 95% upside) on your current salary after conversion.  I think it's acceptable esp. if your role has the potential to grow in the future.

In a related news, a bank recently offered someone SGD4.3k for a role. That same person currently earns MYR8k++ here. Talk about low-balling.

Similarly, some idiot recruiter told me that my "realistic" salary in SGD is XXX which is equal to 15% upside of my MYR pay ....after conversion to SGD. So if I earned MYR10k, he was thinking that SGD4.6k (MYR10k/2.5 + 15%) is a fair price for my labour. I promptly told him off.

After the above 2 real-life scenarios, I'm seriously wondering about the ethical and mental (short) comings of our southern recruiters. I guess they are looking to recruit monkeys with their peanut level pay.

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.

Robert, what you said it totally fair. Which is why I've not applied to roles that require the candidate to bring their customers along. Nevertheless, I've seen many front-line positions that do not require such - merely to take care of their existing portfolio.

In all honesty, I'm not really keen on a front office relationship management role in Sg. I know I'm at a distinct disadvantage there - so I rather play on my strength than spend effort and energy shoring up my weakness because it's a game I'm set to lose.

My specialty is in credit risk assessment. I like the fact that numbers don't lie and macro and micro economic conditions don't lie. I'm pretty good at understanding and digesting both financial and non-financial information quickly to come up with a business decision. The fact that I like to read alot about everything - from art, culture and languages to business and science, helps in my line of work.

Anyways, I'm sorry if my posts have become a blog - totally not my intention. Was here to rant about 2 unrealistic recruiters and I have. So case closed.

I'm here because I find the thread informative and credible (1 caveat tho - almost everyone here claims to be a blue collar worker earning basic wage) hence a dependable-ish source on the Sg employment arena.

Thanks again for your feedback and constructive comments as always.

anybody had any exp interview with Goldman Sach?
I want to know how long their interview process would take.
I have 1 interview next Friday. On the other hand, I have RBS
ready to wrap up a remuneration for me, so I am wondering if
I could manage to get Goldman Sach offer before I make any decision.

My employer in singapore has just submit the work permit application to mom , now waiting for status .

normaly how was the approval rate on this work permit yah , i am quite worry about this , due to i fail all my subject during SPM .

my offer salary is bout 4k sgd , if this work permit is approve , which category will i fold in to  ( wp , sp or ep )

The firm that i am joining has 9-7pm average according to the hiring manager, and he says that is pretty much the average in the industry. I think for goldman sachs they have a longer working hours compared to the other firms, and research on the internet also confirmed this. But they do pay alot more.

This will be the first time i am joining a european company, i think their working culture is good, from what i learned during the interview. The manager even asked me to hang out this weekend for some drinks n sheesha to casually meet my future team and casually discuss about my future challenge jumping from engineering to banking.

Btw i have been in sg for 2years, just not really active here recently

Nobody is ever underpaid. Everybody is always paid exactly the value they can put on the table and what kind of value they manage to take away from the other guy... like a poker game. Like a negotiation.

You're not being paid less than others because you are Malaysian. You are being paid less because you have less stuff to negotiate with. You are a foreigner, they have to get a work permit for you, you have no Singapore experience, in fact you have no experience at all, it's harder to interview you because you're not in the country, if they give you a job, you have to deal with living in a new country, living away from home, finding a place to live, making new friends, learning to take care of yourself... on top of performing satisfactorily in a new job. They hire a local... they have no such issues.

And you are still surprised why they won't offer you the same as a local?

NB... in my experience, Malaysians are paid not one cent less if they can bring the same chips to the poker table as Singaporeans.