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 Lets talk salary v7

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tehoice
post Nov 3 2015, 10:42 PM

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Moderator please unpin v6 and pin this instead. thanks.
tehoice
post May 4 2016, 05:57 PM

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QUOTE(glozz @ May 3 2016, 07:15 PM)
When I left Malaysia; I was @RM12k (which was actually very low for my area of expertise) or so and was 33. After 3 years; i'm earning (in conversion) of almost 2x (on average) more. Apart from rental (which is a bomb here) though, my expenses are actually less than when I was in Malaysia. In IT field, doing support somemore... Probably helps that I love my job.
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singapore?
tehoice
post May 4 2016, 11:45 PM

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QUOTE(glozz @ May 4 2016, 06:28 PM)
Europe; not the glamorous countries though; but it's still a very nice place.
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wonderful, how did you secure such employment opportunity?
tehoice
post May 5 2016, 02:04 PM

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QUOTE(glozz @ May 5 2016, 01:43 PM)
To be honest; because I had a great boss (or ex-boss now). It was an internal transfer and he made sure I got a much better package than what I had in Malaysia. He transferred me because he didn't want me to kill myself from overload of work (I was working 12-16 hours daily due to timezones). Before moving; I had 2 promotions in 4 years, no mean feat considering I work in support.

Proves you can do reasonably well without having to jump ship. But I've been very blessed generally in the past 8 years or so. And I'm rather close to the business customers, so they flatter me a lot of times with kind words to my bosses.
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that's because you had a great boss... that's utmost important. depending on which industry you're in. i generally work 12-16 hours also. nothing to do with timezones. so it really depends....
tehoice
post May 5 2016, 03:37 PM

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QUOTE(glozz @ May 5 2016, 02:49 PM)
Well; together with the great boss, I also had bad/mediocre/no comments bosses during those initial 4 years before Europe. So; it's not all smooth sailing. But I also prospered (reasonably) under those circumstances. And trust me, timezones matter. I used to do permanent night shifts for 2 years in a row, not fun. I still work average 12-hour days easy now in EU, it's just that working at 8AM-8PM (or even 12AM) is very much different from working 1PM - 3/4/5AM (as i used to do in Malaysia).

And no; it's not industry-dependent. I work in IT support, which many regard (and not always wrongly) as the dead-end of any IT career. Which is funny because the people whom were my seniors in consulting/PM departments when I joined; are same level or junior to me now. So; at the end of the day, all that matters is what you do.

Also, bosses do matter; but not as much as thought. It's actually your customers whom matter the most because no matter what your bosses say; if your customers back/support you, your boss can't do much also. For example, no matter how bad your boss is (and I've had some bad ones); if your customer says "I won't give you any business unless you do this for xyz (you)", what can your boss say?

That has pretty much been the sum of how I have worked; do your best for your customers. Not trying to brag (I don't think I'm anything special honestly); just sharing my experience, for what it's worth.
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thanks for sharing. inspiring. rclxms.gif
tehoice
post Aug 19 2016, 10:32 AM

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QUOTE(cuttieeMM @ Aug 18 2016, 10:11 AM)
JobTitle : Marketing coordinator
Years spent in company : 2years
Industry : IT manufacturing solutions (small Japanese MNC)
Tenure : Permanent
Employment Level : executive
Experience before joining : 1 year + part time admin
Highest paper qualification/ education : degree in business management
salary : RM 2650
Location: KL
Benefits: 18 days AL, MC, Insurance, parking, trip, small gratuity payment

soon will resign change to bank and insurance industry at a agency MNC (Japanese) ,
job title: bancassurance executive
Location: KL
starting RM 2900
benefit same as above.

am my pay reasonable or underpay?
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when you just first started, look at the prospect, rather than focusing on money. monetary remuneration will follow after you have acquire certain kind of skills achieved certain levels.
tehoice
post Aug 7 2017, 03:09 PM

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QUOTE(party @ Nov 22 2015, 11:10 PM)
Job Title : AM
Years spent in company : 1 year 8mths
Company : MNC
Industry : Financial
Employment Level : AM
Experience before joining : 0
Age: 28
Highest paper qualification/ education background :Master Degree in Finance
Monthly Salary : RM3.9k
Location: KL

Took some time following my own passions in studying..when finished dun felt like becoming lecturer so apply work in current company.
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work less than 4 years and secure 130% increment in the past 2 years to reach 9k. Great job there mate.

This post has been edited by tehoice: Aug 7 2017, 03:11 PM
tehoice
post Aug 7 2017, 04:27 PM

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exactly..... how do you to tell if one is under/overpaid? with just few lines of descriptions.
tehoice
post Aug 17 2017, 03:40 PM

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QUOTE(hustlerism @ Aug 15 2017, 01:37 PM)
His 4 years of experience (MYR 7000)  vs my 1 year of experience (MYR 4000)

How am i doing?
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i think experience will be more important. if you have niche skills or very sought after skillset, or in a niche industry doing specialised stuff. experience first, money will come later. just like in our industry. low pay at first. but you can be easily making 20k - 30k mark when you made it to the team leader positions.

many of my friends who make so much more than me during their first few years are now behind me, not by much, diff of only 2-3k at most, but the gap will be bigger in the next couple of years. my first 4 years only make less than 5k (also, because I started at the wrong place). now fast forward, making so much more. Accelerated triple digits in percentage growth in the past 3 years.


tehoice
post Aug 17 2017, 05:05 PM

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QUOTE(hustlerism @ Aug 17 2017, 03:58 PM)
I see

So, in which industry do you work?
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corporate finance. whereas my peers arent doing CF, they do others like corporate banking, wholesale banking, etc.
tehoice
post Aug 17 2017, 11:58 PM

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QUOTE(PoPoBear @ Aug 17 2017, 08:27 PM)
i guess the pay range for people who work in IB (Corporate Finance) is really high as per what you mention bro.
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ya.... it's pretty good and decent, considering the stress level that we have to take at times.
tehoice
post Nov 29 2017, 11:47 AM

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QUOTE(Nickie6817 @ Nov 28 2017, 10:07 AM)
I beg to differ. It is not. We have this period called "off-peak" when there are not many engagements available but too many idle staff. It is better for the company to let you clear your leaves during such period, rather than allowing you to go off during the peak.

Plus in my opinion, my life don't just revolve around my career. I want sufficient time to slow down and see the world. We had been working consistently through the nights, at times even until 3-4am (and I'm not exaggerating), I think we deserve the long break.

But of course, things are different when you slowly climb up the ladder until when you're an audit manager - which it is more difficult to get a long leave due to clients commitment.
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on clearing leaves, no problem. i know you all always have the so-called "peak" period, it all depends on your client's fye, it can be peak all year round. so there's no peak to me, only when is your report is due.

okay, 3-4am is not really a thing to shout about.

but kudos on your progress. thumbup.gif
fast tracked career, 4th year can become AM with more than 5k salary, 6th year can become Manager already.
tehoice
post Nov 29 2017, 11:48 AM

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QUOTE(Belphegor @ Nov 29 2017, 12:19 AM)
Job Title : Event & Marketing
Job Desciption : Mostly office bound work. Design, seek approval, deal with multiple department like legal, finance, etc.
Years spent in company : 1 Year+
Age : 30
Industry : Retail
Tenure : Permanent
Employment Level : Executive
Experience before joining : 3 years
Highest paper qualification/ education background : degree in Psychology / Mass Comm
salary : Close to RM4000 with 1 month bonus
Location: Selangor

I am currently looking out, to seek for higher position, AM or M for my next job. But it is quite hard to find the position I wanted as I think many people still waiting for their bonus before moving to next job. hmm.gif

What are my options? Want to try to request 20% raise on my current paycheck from my current. Any comment? hmm.gif
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about 4 years + experience in total. started working around 25+ or 26?

what did you do before that? study till 25?
tehoice
post Nov 29 2017, 12:14 PM

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QUOTE(Belphegor @ Nov 29 2017, 12:07 PM)
late bloomer. didn't really find the importance of studies that time.
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indeed, at least a couple of years late. at the age of 30 or early 30s, many have already break into the middle management level already with salary breaching 5 figures or should be close already.

but it's never too late. however, on your asking salary, no one can judge whether 20% is fair or not, only the potential employers and yourself. so it's up to you. if you think you're good, you can even ask for more.... like 30-40%?
tehoice
post Nov 29 2017, 03:05 PM

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QUOTE(Belphegor @ Nov 29 2017, 12:20 PM)
Yeah, thinking of taking up some courses to brush up my resume to add more value to my skillsets. Thinking to pick up languages since that's the easiest and cheapest alternative options compare to digital marketing and stuff. hmm.gif
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no doubt, you can do it.

but the E stuff will take over the world in the future.
tehoice
post Nov 29 2017, 03:46 PM

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QUOTE(Belphegor @ Nov 29 2017, 03:28 PM)
Yes trying to find courses to take but E-marketing is so darn expensive! doh.gif Can't really afford it. cry.gif
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just gotta save it if you wanna pursue. otherwise can go for alternative.
tehoice
post Dec 4 2017, 10:15 AM

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QUOTE(ic no 851025071234 @ Dec 2 2017, 10:42 PM)
So at worst age 35 need to be manager and earn rm10k for normal ppl?
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there's no rule of thumb. but generally that's what normal people's progression like.

i know of a guy who heads a department in an investment bank at the age of 35 leading a team of 20 people. there are people who became CEO, C level in their 30's too. there are young business owners in their 20s.

what i was saying is, many have progressed to managerial level or mid management level by early 30s already.

however, there are still people at executive level in their 30s. plenty of them.

only yourself can decide how far you want to go and how hard you want to push.
tehoice
post Dec 4 2017, 10:19 AM

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QUOTE(djvixx @ Dec 3 2017, 12:48 PM)
What is the right percentage of salary increment that would make us jump the ship ??
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there's no general rule, some might settle for as small as 10% or lower if he/she is desperate to move.

some might be happy with 20% or so. some may not even want to move even if he/she gets 30% (maybe current prospects are good/comfortable/etc)

some can get 40-50% too.

QUOTE(NowLat.yet @ Dec 3 2017, 11:09 PM)
If you're confident with your market value. It shouldn't even be percentage based.

Just let your future employer name the first number and negotiate from there.

And if it turns out to be something you don't want, you can always say no.
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this is easier to be said than done. it works, if you are in the states or etc.

but in malaysia? hardly, unless you have very niche skillsets or well sought after, otherwise, not as easy as you mentioned.
tehoice
post Dec 20 2017, 11:33 AM

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QUOTE(petirbuas @ Dec 16 2017, 07:10 PM)
Why bother with 35%? Break free from that HR crap. Ask for what you want. Try, lets say 8k

- They already know you can do the task
- They know they can trust you
- Hiring process is tedious and sucks for company. It cost money, time and morale. 1/10 not reccommended

Stop thinking company behave like you and me. 2k for us is better car and house. 2k for company is that 1 time your director eat out at upscale restaurant. Or that new state-of-the-art coffee machine that nobody know how to use.

1. "But I don't want to be an opportunist. They're my friend"
You're gambling your future in new company. Why bother joining if its not worth it. If they made it, bravo, but you're unlikely to get anything fat. If they don't make it, you're farked too.

2. "But that salary is too much for my age. I'll be doing the same thing as now"
How do you think people got 20k salary? Wait for latuk generous offer? No, they asked for it.
As for the type of work, I think there misconception. I'm paid quite decent amount now, doing the same thing I'm doing when I was paid 2k/month. Lots of others can resonate too.

Take a chance. Overconfident is bad. But not knowing your self worth is even worse.

I hope you've read this http://www.kalzumeus.com/2012/01/23/salary-negotiation
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agreed with you. but that's likely not in malaysian context.

for us, it is the companies are with upper hand, most of the time.


tehoice
post Jan 17 2018, 03:18 PM

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QUOTE(haru20 @ Jan 16 2018, 11:15 AM)
Dear all,

May i know what's the asking rate for an Investment banker, AM role in local malaysia bank.

Having 6-7 years working exp.
Role: Corporate finance.
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6-7 years also CF? if yes, which outfit? all these can help guage your asking and to substantiate.

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