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 Earning Salary More than RM 5K, Those below 28, share ur tips here!!

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tishaban
post May 22 2007, 12:03 PM

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QUOTE(darun @ May 22 2007, 09:59 AM)
Guys/gals, if you're in a technical field, being an expat is also another way of earning good money provided you have the necessary skills and experience.  Malaysian Ringgit is weak, so earning foreign currencies can potentially translate to loads of RM.
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If you're earning in USD, the current slide in the greenback is very very very sad. RM 3.80 to ~RM3.30 in about 1 year....

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tishaban
post May 28 2007, 04:44 PM

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QUOTE(pwk1983 @ May 28 2007, 03:10 PM)
what is 'VP'?
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Ever heard of Google? biggrin.gif Try that, it helps a lot.

tishaban
post Jun 24 2007, 06:20 PM

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QUOTE(AsiaPartTime @ Jun 24 2007, 12:12 PM)
Don't you guys think of working from 9-5 will get you rich? I guess the risk of NOT getting rich by working 9-5 job is much higher compare to start your own business with innovative idea.

Please always keep in mind, working 9-5 won't get you rich at all.
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Very untrue. Work smart. Your 9-5 job can get your financially independent, even if you're not rich although there are people who are rich in their 9-5 jobs. Some of these jobs aren't exactly normal eg. my bond trader friend who has an MBA from MIT and loads of money but others are pretty run of the mill eg. my IT analyst friend working at some IT place in Cyberjaya who has a 6-7 figure investment portfolio.

So again, work smart. Don't be dumb.

tishaban
post Jun 26 2007, 08:51 AM

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QUOTE(tinkerbel @ Jun 26 2007, 12:30 AM)
I think u people are a little TOO focused on wanting to earn the big bucks.  Shouldn't the focus be to learn and be exposed... esp now that u are at the beginning of your careers being young and dynamic individuals?! *scratch head*
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Tinky that's easy for you to say now that you're earning your six figure annual salary tongue.gif at a tender age. However you must remember that back in 1997 the starting salary at a large MNC was around RM2000-2400 and it's still about the same today when the cost of living is so much higher. I can understand people wanting to get more money to just survive.

But then again many people are just greedy and lazy laugh.gif

This post has been edited by tishaban: Jun 26 2007, 08:52 AM
tishaban
post Jul 11 2007, 10:11 PM

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QUOTE(XxXhighXxX @ Jul 11 2007, 05:58 PM)
honestly $$ isnt everything,
u can get a really bad shape job work like a dog and earn the 5 figures or the 5k++

but there is no life to it

comparing to a 2.5-3k sallary thats enjoying and makes u want wake up and cant wait to get into office
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Now that really depends I suppose. If you're young with no/minimal commitments what's wrong with spending lots of time working and making money? It is different if you have a family with kids. The problem I see with young adults now is how lazy and uncommitted they are and yet they wonder how to make 5k before they turn 28 biggrin.gif

tishaban
post Sep 4 2007, 02:42 PM

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QUOTE(verone7 @ Sep 4 2007, 01:30 PM)
ooicic...any examples of those??
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Google already.

tishaban
post Sep 4 2007, 04:31 PM

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I think all of you misunderstood. What I meant was Google *is* a multinational corporation (MNC)... biggrin.gif

So is Yahoo but I don't know if that's what tinkerbel was talking about biggrin.gif


This post has been edited by tishaban: Sep 4 2007, 04:32 PM
tishaban
post Sep 4 2007, 07:55 PM

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QUOTE(DarReNz @ Sep 4 2007, 07:00 PM)
so how much is ideal for you ?
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Tinkerbel wants a million ringgit house and a BMW 3-series coupe. tongue.gif

So that means around 20k stable gross income per month to be able to afford the house and car loans alone biggrin.gif I certainly didn't make that much when I was 28.... yeesh. rclxub.gif



tishaban
post Sep 11 2007, 11:25 PM

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QUOTE(rcracer @ Sep 11 2007, 09:23 PM)
Also the ones that really make big money are those who go offshore and are directly involved in the field work, not the support staff in engineering or admin or IT, plus the money is not only from the basic but from the allowance when offshore.
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Mostly true. The people involved in exploration and production (ie. carigali) will get the most money since they are the ones getting the oil, and they are the ones facing the highest risk. A few things to note however, when the price of oil was in the $20-30 per barrel range a few years back, none of these carigali engineers had a job. I don't think the price of oil will ever go down that low but then again, always be prepared.

On the IT side in the oil and gas industry I've heard of people making RM12-15k or more when you have 8+ years of experience. I suppose these are exceptional people but it's not impossible to make a decent salary in IT.

tishaban
post Sep 13 2007, 09:58 AM

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To add some info to this moving around, I know two people very well, the first stayed at the same MNC company for ten years. The second guy moved around 2-3 times in ten years. Both have similar qualifications. Today, both guys have about the same salaries, however what is interesting is that the second guy's salary went up significantly faster. So loyalty and all is nice but jumping ship at the right time can give you a big salary boost.

tishaban
post Sep 24 2007, 10:52 PM

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I looked at the results of a recent Maybank Platinum card contest and saw that more than a few winners were around the age of 30 based on their mykad numbers. I think the minimum for a Platinum Maybank card is RM120k so that makes them pretty high earning young chaps...

tishaban
post Oct 6 2007, 07:01 AM

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Not so on topic, but someone mentioned to me that only 10% of working people in Malaysia actually make more than RM3k per month. Anyone seen this statistic before? Is it true? Is the salary standard in Malaysia really that low?

tishaban
post Oct 23 2007, 04:41 PM

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QUOTE(dzi921 @ Oct 23 2007, 03:57 PM)
Few years back when I was just a programmer age 24 earning RM4k/month. That's it. Cannot earn more cause tied to desk. Income power is limited. So I choose to move out even though my interest is in programming
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Very few companies in Malaysia pay lots of money to even very good technical people but some of them do. I'm signing my colleague's timesheet. He's about 30, single and he makes RM4000-5000 per week. biggrin.gif But he's damn good and very few people can match what he does.

tishaban
post Oct 23 2007, 09:25 PM

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QUOTE(dzi921 @ Oct 23 2007, 09:06 PM)
He has my salute  notworthy.gif  notworthy.gif  notworthy.gif
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Me too biggrin.gif He makes more money than I am biggrin.gif

tishaban
post Dec 5 2007, 08:56 AM

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I'm mentoring a guy, he's 25, very good and already making 6500-7000 gross monthly salary. The problem is, it's getting to be a bit hard for him to break into a typical MNC due to their rather rigid HR and a bit of age discrimination. He's already talked to Shell, HP etc. and they're not exactly willing to offer him much more than he's making now, most of all due to his age.

Anyone who's already making lots of money faced this challenge before?


tishaban
post Dec 5 2007, 02:49 PM

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QUOTE(b00n @ Dec 5 2007, 09:31 AM)
Care to elaborate on the age discrimination....don't really understand that.
The only fact I knew about is when one's salary got higher and higher, eventually it gets harder to jump to another company as the other company partly could not sustain giving out the expected salary afraid of messing up their salary structured (especially when one is at a young age).
But do not really know about O&G industry.
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It's very similar to what you just mentioned. He talked to Shell HR for example who wasn't willing to pay more than RM6500 gross per month even though he's already earning a similar amount. Their excuse was age and a rigid salary structure.

tishaban
post Dec 6 2007, 01:41 PM

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QUOTE(cwtien @ Dec 6 2007, 10:54 AM)
This is not age discrimination (yah, excuse, the HR should not even mention it!  blush.gif ).  Shell is very very careful about any kind of discrimination.

Your colleague probably applied for a job that is in the Job Group 7 payband (engineer position?).  That payband has a maximum ~6.3k.  Anything higher is not justifiable.

If he goes for a technical lead (JG6 ~ 7k) or Manager position (JG5 and above - 10K to unlimited cash  biggrin.gif ) he'll find the payband is very much higher.

Which brings me to another point here - to illustrate an example: no matter how good your Windows technical skills are (i.e. troubleshooting, solving issues, implementation) you'll find it very hard to go above 6k unless you improve yourself with managerial skills.  From a company's point of view, it's not how good your skillset is, it's how rare your skillset is.

Why do you think Unix/Oracle consistently earn more than Windows/SQL people?  Or why SAP has so high pay, or Project Mgmt? But people in helpdesk, one-leg-kick troubleshoot in small companies don't earn that much?  It's because more people can do some jobs than others.
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One more thing I forgot, your colleague will likely not be happy with Shell, because due to their increment structure, since he hit the maximum payband his yearly increment will likely be 1%, no matter how well he performs tongue.gif
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cwtien thanks for the info, but the position is JG6 and is related to Unix/Linux/SAP so know the ceiling and am very unhappy with the results, especially because I probably won't be getting my ERP. biggrin.gif This is not the first time I've had people reject offers recently. I just don't think that Shell HR is particularly flexible or competitive nowadays for Unix or SAP.

tishaban
post Dec 6 2007, 02:59 PM

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QUOTE(tinkerbel @ Dec 6 2007, 02:01 PM)
@tishaban,
I can sure understand your friend's frustrations!  And if you're frustrated, can you imagine how much more frustrations he has? *grins*  smile.gif
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He's not frustrated, his boss is upping his pay but I'm missing out on the referral bonus ;-)


Added on December 6, 2007, 3:01 pm
QUOTE(b00n @ Dec 6 2007, 02:23 PM)
I wouldn't comment on Shell, but generally the ceiling had been set whereby a department or the company as a whole can still maintain their expenses whilst not risking their profit.
That's the hard cruel facts that us as employees to certain corporate had to live by.
I wouldn't call all this as discrimination per say, more incline towards strict company policies that made us feel discriminated.
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b00n I agree that what you say is probably a more accurate way of stating it.


This post has been edited by tishaban: Dec 6 2007, 03:01 PM
tishaban
post Dec 7 2007, 11:21 PM

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QUOTE(tinkerbel @ Dec 7 2007, 10:55 PM)
But what is considered a lot of $ and what is considered young?  biggrin.gif
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You should look in the mirror? tongue.gif



This post has been edited by tishaban: Dec 7 2007, 11:33 PM
tishaban
post Jun 26 2008, 10:50 PM

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QUOTE(yieloon @ Jun 26 2008, 05:07 PM)
Now tell me, are we supposed to pay Malaysia tax if we are working oversea most of the time since we have to fork out for work permit & visa and pay oversea tax while we are working there.
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Malaysian tax laws aren't so draconian, if you've paid taxes somewhere else while you worked there and you have the proof then you don't have to pay taxes in Malaysia.

However if you don't pay taxes overseas and you don't pay taxes in Malaysia then there may be a problem biggrin.gif




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