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> Let's Talk Salary v8, Sharing Thread

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hksgmy
post Jul 8 2020, 10:22 PM

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QUOTE(Xenopher @ Jul 8 2020, 09:03 PM)
There's no specific salary range. It depends on the industry and the company. Usually each company has certain salary ceiling for each position, so the further away your salary is from the ceiling price, the higher increment you'll possibly get when promoted.
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The other thing is, the designation “officer” and “senior officer” is so nebulous and vague, it’s kinda hard for a coherent and meaningful answer to be given, no offense TS.
MasterConfucion
post Jul 9 2020, 09:14 AM

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WTF everyone here is like just graduated and earning millions per year..

Im so shameful compared to the new generations sweat.gif

This post has been edited by MasterConfucion: Jul 9 2020, 09:14 AM
Xenopher
post Jul 9 2020, 10:38 AM

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QUOTE(MasterConfucion @ Jul 9 2020, 09:14 AM)
WTF everyone here is like just graduated and earning millions per year..

Im so shameful compared to the new generations sweat.gif
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The only one I see here earning millions a year is a medical consultant in Singapore who is closed to 50 years old.
MasterConfucion
post Jul 9 2020, 10:41 AM

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QUOTE(Xenopher @ Jul 9 2020, 10:38 AM)
The only one I see here earning millions a year is a medical consultant in Singapore who is closed to 50 years old.
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millions I exaggerate la.. but looking few post back these guys haven't even reach age 30 already earn 10-20k..
hksgmy
post Jul 9 2020, 10:55 AM

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QUOTE(Xenopher @ Jul 9 2020, 10:38 AM)
The only one I see here earning millions a year is a medical consultant in Singapore who is closed to 50 years old.
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Your relative is making the same amount - just that he's not on this sub forum hahaha.

Don't forget the insurance agent - he listed his bonus as 2.4 million a year.
Xenopher
post Jul 9 2020, 10:59 AM

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QUOTE(hksgmy @ Jul 9 2020, 10:55 AM)
Your relative is making the same amount - just that he's not on this sub forum hahaha.

Don't forget the insurance agent - he listed his bonus as 2.4 million a year.
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I believes the '2.4m' means '2.4 months' not '2.4 millions' lol.

That relative of mine is closed to 70 years old and earning less than 30% of yours. So you're still doing relatively way better.
hksgmy
post Jul 9 2020, 11:04 AM

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QUOTE(Xenopher @ Jul 9 2020, 10:59 AM)
I believes the '2.4m' means '2.4 months' not '2.4 millions' lol.

That relative of mine is closed to 70 years old and earning less than 30% of yours. So you're still doing relatively way better.
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Thank you for the kind words, but I've stated for the record and I'll reiterate here: this helpful sharing thread is not a competition smile.gif - what I make is about par for the course as far as a doctor of my seniority, standing and expertise would be able to make fairly in Singapore, give or take 30% either way. I can't even begin to compare to some of the top tier (I'm no where near those giants) such as Dato Dr KC Tan (who is also a Malaysian!) who pioneered liver transplant surgery in Singapore. Those would easily be raking home upward of $10 million a year, easy! All he would need is for royalty to visit him, and he wouldn't need to work for the rest of the year.

Like I said, 一山比一山高 - there's always a bigger fish in the ocean.
Xenopher
post Jul 9 2020, 11:04 AM

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QUOTE(MasterConfucion @ Jul 9 2020, 10:41 AM)
millions I exaggerate la.. but looking few post back these guys haven't even reach age 30 already earn 10-20k..
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Getting 10k+ before age 30 is not the norm but not unusual. I know a few friends/relatives who achieved this.
howyoulikethat P
post Jul 9 2020, 11:08 AM

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Don't mind me, just booking a spot here in case I forgot this section ~~~~
Xenopher
post Jul 9 2020, 11:09 AM

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QUOTE(hksgmy @ Jul 9 2020, 11:04 AM)
Like I said, 一山比一山高 - there's always a bigger fish in the ocean.
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Ya totally agree. Not hard to find in KLSE for directors earning multiple millions in director fees alone.

coolguy99
post Jul 9 2020, 05:58 PM

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QUOTE(Xenopher @ Jul 9 2020, 11:04 AM)
Getting 10k+ before age 30 is not the norm but not unusual. I know a few friends/relatives who achieved this.
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It's pretty normal I would say. With the right skillset + luck, you can get that kind of salary by 30.
Xenopher
post Jul 9 2020, 08:53 PM

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QUOTE(coolguy99 @ Jul 9 2020, 05:58 PM)
It's pretty normal I would say. With the right skillset + luck, you can get that kind of salary by 30.
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I would say depends on how you define normal. In my circle it's around 1 out of 20 ppl maybe.
hksgmy
post Jul 9 2020, 09:00 PM

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QUOTE(Xenopher @ Jul 9 2020, 08:53 PM)
I would say depends on how you define normal. In my circle it's around 1 out of 20 ppl maybe.
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Heh. If you ever hang around /kopitiam... apparently everyone there’s pulling big smackeroos
TSDoomCognition
post Today, 06:38 PM

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QUOTE(Euler @ Jun 30 2020, 01:57 PM)
QUOTE(Euler @ Apr 2 2019, 11:22 PM)

Job Title : Actuarial Manager
Job Description : Life Insurance Valuation
Age : 28
Years spent in company : around 4.5 Years
Company : Local Insurance Company
Industry : Insurance
Employment Level : Manager (but more like AM, one level after senior exec)
Experience before joining : 1 year
Highest paper qualification/ education background : Fellowship
Salary : 13.7k
Bonus : 3 months

Feel like quite underpaid in my current company.
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Got a low increment in 2020, feel triggered, unappreciated and resigned.

New job
Job Title : Consultant
Job Description : Life Insurance
Age : 29
Years spent in company : starting in Aug 2020
Company : Consulting firm
Industry : Insurance
Employment Level : Consultant
Experience before joining : N/A
Highest paper qualification/ education background : Fellowship
Salary : 16k
Bonus : 2.4m

This is actually the lowest offer I got (~5% on annual basis), however I have other plan in mind with this particular firm.

Highest offer I have is ~25% on annual basis, however I feel limited future growth there.
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The first one posted a year ago looks legit, though on the high side since you have spent 4.5y in the company. I expected ~15% lower. I remember there was a time when having a Fellow in an actuarial society would command easily 50k per month.... seems like market is getting saturated.

 

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