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 Lets talk salary v7

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lohr313
post Jun 21 2016, 08:47 AM

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QUOTE(rd33 @ Jun 20 2016, 07:28 PM)
Bro may i know which railway company are u working with? Can pm me the company name? Im interested in joining railway industry. Thx.
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PMed thumbup.gif
jovialguy
post Jun 22 2016, 02:20 PM

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QUOTE(Igloo0000 @ Jun 18 2016, 04:17 AM)
Job Title : Vice President
Job Desciption : Actuarial – P&C
Years spent in company : Just started
Company : Insurance company
Industry : Insurance
Employment Level : Vice President
Experience before joining : More than 10 years
Highest paper qualification/ education background : Master’s + Fellow
salary : USD 200k + 30-50% bonus + stocks & options
Location: Lower Manhattan

Actually this is not the best offer I received. Another insurance company in Boston offers me more, but I turned them down because money is not my main concern. The scopes and responsibilities of the position are more important, the potential for future opportunities in NYC is way better.

Something I find interesting in this post is that some people here say they are Executive/Sr. Executive level, and I start wondering do we have a different definition of what Executive means. Executive level in my understanding is people above me, probably earning millions a year, with at least an Executive VP title. And I don’t make this up, if you go to global recruiters hiring Executive level people, they are looking for at least USD 300-500k base plus all sort of bonuses/stocks which can stack up to million.
*
wow
you are the envy of many guys here
how old r u
ms749
post Jun 22 2016, 02:33 PM

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QUOTE(Igloo0000 @ Jun 18 2016, 04:17 AM)
Job Title : Vice President
Job Desciption : Actuarial – P&C
Years spent in company : Just started
Company : Insurance company
Industry : Insurance
Employment Level : Vice President
Experience before joining : More than 10 years
Highest paper qualification/ education background : Master’s + Fellow
salary : USD 200k + 30-50% bonus + stocks & options
Location: Lower Manhattan

Actually this is not the best offer I received. Another insurance company in Boston offers me more, but I turned them down because money is not my main concern. The scopes and responsibilities of the position are more important, the potential for future opportunities in NYC is way better.

Something I find interesting in this post is that some people here say they are Executive/Sr. Executive level, and I start wondering do we have a different definition of what Executive means. Executive level in my understanding is people above me, probably earning millions a year, with at least an Executive VP title. And I don’t make this up, if you go to global recruiters hiring Executive level people, they are looking for at least USD 300-500k base plus all sort of bonuses/stocks which can stack up to million.
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May I knoww whether you started in Malaysia or has it always been overseas for you? Correct me if I'm wrong but I believe Actuarial in Malaysia is not so competitive, but are the long term opportunities worthwhile?

eunhyuk9090
post Jun 22 2016, 05:11 PM

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hey everyone

i'm a fresh engineering grad and i'm about to sign a contract at this co. when i applied, i put low expected salary but after comparing with my peers, i believe that i should get higher. can negotiate?

(already got the offer, not yet sign. also, dont worry about the type/reputation/size of company, i'm just asking about the situation) thks
ms749
post Jun 22 2016, 05:17 PM

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QUOTE(eunhyuk9090 @ Jun 22 2016, 05:11 PM)
hey everyone

i'm a fresh engineering grad and i'm about to sign a contract at this co. when i applied, i put low expected salary but after comparing with my peers, i believe that i should get higher. can negotiate?

(already got the offer, not yet sign. also, dont worry about the type/reputation/size of company, i'm just asking about the situation) thks
*
Fresh grads would find it hard to negotiate, especially in your case when everything has been finalised.
eunhyuk9090
post Jun 22 2016, 05:28 PM

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QUOTE(ms749 @ Jun 22 2016, 05:17 PM)
Fresh grads would find it hard to negotiate, especially in your case when everything has been finalised.
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thanks. not demanding but after comparing i genuinely think/know i deserve it. think it'll be harder if i request for increment after i join right?
do you have any suggestion.....
ms749
post Jun 22 2016, 06:33 PM

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QUOTE(eunhyuk9090 @ Jun 22 2016, 05:28 PM)
thanks. not demanding but after comparing i genuinely think/know i deserve it. think it'll be harder if i request for increment after i join right?
do you have any suggestion.....
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Yes, I agree with you. To depend on increment would take ages. The best would be negotiating on your starting pay. However, I'm just saying that for your case specifically, would be quite hard to negotiate since it's all finalised. But then again, you can try and if you manage to convince them, you might get it. Otherwise, just stay there for quite a bit, and jump ship afterwards, better than rely on your increment.
party
post Jun 23 2016, 03:08 AM

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QUOTE(eunhyuk9090 @ Jun 22 2016, 05:11 PM)
hey everyone

i'm a fresh engineering grad and i'm about to sign a contract at this co. when i applied, i put low expected salary but after comparing with my peers, i believe that i should get higher. can negotiate?

(already got the offer, not yet sign. also, dont worry about the type/reputation/size of company, i'm just asking about the situation) thks
*
If you believe then you deserve to put how much you actually. The sky is the limit. Whether the company going to offer you or accept you is a different matter...
Belphegor
post Jun 23 2016, 08:29 AM

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Joined: Aug 2007
From: PJ | Tokyo


QUOTE(eunhyuk9090 @ Jun 22 2016, 05:11 PM)
hey everyone

i'm a fresh engineering grad and i'm about to sign a contract at this co. when i applied, i put low expected salary but after comparing with my peers, i believe that i should get higher. can negotiate?

(already got the offer, not yet sign. also, dont worry about the type/reputation/size of company, i'm just asking about the situation) thks
*
Mistakes is from you first as you requested lower salary. Since you have not sign yet, maybe you can try to nego with the HR and see if they can give you a guarantee confirmation salary increment when you are a confirmed staff? Don't expect that there will be increment once you are confirmed as many company especially cinapek company don't practice that. Black and white is your best friend in working world. Without black and white, there's no point you arguing.
R4yMoNd
post Jun 23 2016, 03:03 PM

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QUOTE(Igloo0000 @ Jun 18 2016, 04:17 AM)
Job Title : Vice President
Job Desciption : Actuarial – P&C
Years spent in company : Just started
Company : Insurance company
Industry : Insurance
Employment Level : Vice President
Experience before joining : More than 10 years
Highest paper qualification/ education background : Master’s + Fellow
salary : USD 200k + 30-50% bonus + stocks & options
Location: Lower Manhattan

Actually this is not the best offer I received. Another insurance company in Boston offers me more, but I turned them down because money is not my main concern. The scopes and responsibilities of the position are more important, the potential for future opportunities in NYC is way better.

Something I find interesting in this post is that some people here say they are Executive/Sr. Executive level, and I start wondering do we have a different definition of what Executive means. Executive level in my understanding is people above me, probably earning millions a year, with at least an Executive VP title. And I don’t make this up, if you go to global recruiters hiring Executive level people, they are looking for at least USD 300-500k base plus all sort of bonuses/stocks which can stack up to million.
*
This is annual or monthly salary? any other allowance such as house, car, etc?
anonymous-x
post Jun 23 2016, 03:09 PM

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QUOTE(lohr313 @ Jun 21 2016, 08:47 AM)
PMed  thumbup.gif
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PM me tooo! drool.gif rclxms.gif rclxms.gif drool.gif
ksrh
post Jun 23 2016, 09:30 PM

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QUOTE(_azam13 @ Jun 4 2016, 11:52 PM)
if you're really serious, get CFA certification (level 1 at least) and cold call every investment banks you can think of (cimb, kenanga, KAF, maybank, midf, to name a few). they usually take in people who are passionate about the market. i've seen people with law, geology(wtf), and many other backgrounds which are not even remotely related to finance in this industry. impress your interviewers with your knowledge about the stock/bond market. seriously, the working hours can get really crazy in certain seasons, so pls dont come here if you just want to 'try'. the common disease in this industry is hypertension, especially during bad market where your portfolio's loss can be in the millions or even billions (if you're a portfolio manager). if you can stomach that, give it a go smile.gif other than that, you can become a research analyst, or an economist(this one they usually take ppl with economics background), or be in sales positions, or others in middle or back office. depends on what you want to do.
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with my law backgroud, would i be qualified to take CFA?
ms749
post Jun 24 2016, 02:03 AM

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QUOTE(ksrh @ Jun 23 2016, 09:30 PM)
with my law backgroud, would i be qualified to take CFA?
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That's the beauty of CFA. Any Dick, Tom and Harry can take it.
party
post Jun 24 2016, 02:20 AM

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Joined: May 2013


QUOTE(ms749 @ Jun 24 2016, 02:03 AM)
That's the beauty of CFA. Any Dick, Tom and Harry can take it.
*
and the number of Tom Dick and Harry who pass all three papers?
ms749
post Jun 24 2016, 03:10 AM

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QUOTE(party @ Jun 24 2016, 02:20 AM)
and the number of Tom Dick and Harry who pass all three papers?
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The question was not about passing, but about the eligibility to sit for it. Of course passing is not easy, otherwise would defeat the purpose of the credibility in taking that that exam.
Belphegor
post Jun 24 2016, 09:47 AM

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Joined: Aug 2007
From: PJ | Tokyo


QUOTE(Igloo0000 @ Jun 18 2016, 04:17 AM)
Job Title : Vice President
Job Desciption : Actuarial – P&C
Years spent in company : Just started
Company : Insurance company
Industry : Insurance
Employment Level : Vice President
Experience before joining : More than 10 years
Highest paper qualification/ education background : Master’s + Fellow
salary : USD 200k + 30-50% bonus + stocks & options
Location: Lower Manhattan

Actually this is not the best offer I received. Another insurance company in Boston offers me more, but I turned them down because money is not my main concern. The scopes and responsibilities of the position are more important, the potential for future opportunities in NYC is way better.

Something I find interesting in this post is that some people here say they are Executive/Sr. Executive level, and I start wondering do we have a different definition of what Executive means. Executive level in my understanding is people above me, probably earning millions a year, with at least an Executive VP title. And I don’t make this up, if you go to global recruiters hiring Executive level people, they are looking for at least USD 300-500k base plus all sort of bonuses/stocks which can stack up to million.
*
Most of the time people just to fabricate title so that it makes them look nicer. These title does not necessarily reflect on what they do. In Malaysia the executive level is total different from US, UK. Yes Executive level in overseas are usually above manager level. But yeah, that's Malaysia culture; making things look nice but nothing inside. Literally hanging title but do nothing. tongue.gif
ksrh
post Jun 25 2016, 02:35 AM

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QUOTE(ms749 @ Jun 24 2016, 02:03 AM)
That's the beauty of CFA. Any Dick, Tom and Harry can take it.
*
thank you for your encouragement..

3layertea
post Jun 27 2016, 07:38 PM

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format:

Job Title : Writer
Job Desciption : write online articles, social media post. Mostly writing stuff. Might need to go out for seminars sometimes
Years spent in company : Just started today lol
Company : some online company for education
Industry : education/online edu
Tenure : perrmanet
Employment Level : exec I guess
Experience before joining : 1 1/2 years
Highest paper qualification/ education background : Diploma in marketing communication
salary : RM 3300
Location: kota damansara
Age: 28

Am I underpaid?? I asked for 3.5k. They asked for minimum, I said 3.3k coz somehow I feel this company no money haha. Their ofc also like super budget.
keatjiun88
post Jun 27 2016, 09:15 PM

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QUOTE(nexona88 @ Nov 3 2015, 10:36 PM)
Previous version:
Lets talk salary
Lets Talk Salary v2
Lets Talk Salary v3
Lets talk salary v4
Lets talk salary v5
Lets talk salary v6

Post format:

Job Title :
Job Desciption :
Years spent in company :
Company :
Industry :
Tenure :
Employment Level :
Experience before joining :
Highest paper qualification/ education background :
salary : RM
Location:
*
shermanzheye
post Jun 27 2016, 11:53 PM

New Member
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Newbie
2 posts

Joined: Jun 2012
Job Title : procurement executive
Job Desciption : purchasing, handle contract planning
Years spent in company : 0
Company : education company
Industry :education
Employment Level : fresh graduate
Experience before joining : 0
Highest paper qualification/ education background : degree in accouting
salary : RM 2300
Location: shah alam

did rm2300 consider low?

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