all else equal, should i make a "jump" if:
30% increment in base salary but overall package net net zero or slight negative.
curious if the bump in base salary is worth it.
Let's Talk Salary v8, Sharing Thread
Let's Talk Salary v8, Sharing Thread
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Sep 29 2021, 12:38 PM
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Probation
9 posts Joined: Sep 2021 |
all else equal, should i make a "jump" if:
30% increment in base salary but overall package net net zero or slight negative. curious if the bump in base salary is worth it. |
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Sep 29 2021, 05:36 PM
Show posts by this member only | IPv6 | Post
#3682
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Junior Member
878 posts Joined: Mar 2020 |
QUOTE(flying_manatee @ Sep 3 2021, 01:41 PM) Just changed jobs so update: Hi is this BIG 4 consulting firm or more prestigious? If not mistaken big 4 don't pay manager RM19k, Malaysia office.Job Title : Consulting Manager Job Description : Make Powerpoint slides Age : 34 Years spent in company : 1st year Company : MNC Industry : Consulting Employment Level : Manager Experience before joining (years) : 11 Yrs Highest paper qualification/ education background : Degree Location : KL Average Working Hours Per Week (incl lunch hours): estimate 50-60 hours Monetary Payout Basic Salary + Fixed Allowance : RM 19k Contractual Bonus (months): - Performance, Variable Bonus & Commissions (months) : No idea yet Benefits (where relevant) : Medical, Optical, Dental, etc. Health Benefits : Medical card Transport Benefits : Mobile / Internet / Gadget Benefits : Flexi Working Hours : Other Benefits : Got but can't remember |
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Sep 29 2021, 05:52 PM
Show posts by this member only | IPv6 | Post
#3683
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Junior Member
210 posts Joined: Mar 2014 |
QUOTE(Oklahoma @ Sep 29 2021, 05:36 PM) Hi is this BIG 4 consulting firm or more prestigious? If not mistaken big 4 don't pay manager RM19k, Malaysia office. Not big 4 but same tier. Having said that I've heard of big 4 consulting paying managers that range though, although it would be on the high end of the bracket. Big 4 audit then no way (but you reach manager much faster in audit) |
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Sep 29 2021, 06:58 PM
Show posts by this member only | IPv6 | Post
#3684
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Junior Member
878 posts Joined: Mar 2020 |
QUOTE(flying_manatee @ Sep 29 2021, 05:52 PM) Not big 4 but same tier. Having said that I've heard of big 4 consulting paying managers that range though, although it would be on the high end of the bracket. Big 4 audit then no way (but you reach manager much faster in audit) Hmm I'm assuming you're from like capco, at Kearney, Accenture?They do, but must be external hire into big 4. No way if you started our fresh in big 4 you can climb to reach RM19k for manager(age 28-35)..senior manager perhaps.. This post has been edited by Oklahoma: Sep 29 2021, 06:58 PM |
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Sep 29 2021, 09:03 PM
Show posts by this member only | IPv6 | Post
#3685
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Junior Member
210 posts Joined: Mar 2014 |
QUOTE(Oklahoma @ Sep 29 2021, 06:58 PM) Hmm I'm assuming you're from like capco, at Kearney, Accenture? Haha ya something like that... yea maybe you're right on the external hire into big 4 part. Having said that what's the range for big 4 consulting for M / SM? I've heard of managers in big 4 consulting drawing 15k but I've also heard of senior consultants (one rank below) drawing over 20k so it's really peculiar...They do, but must be external hire into big 4. No way if you started our fresh in big 4 you can climb to reach RM19k for manager(age 28-35)..senior manager perhaps.. |
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Sep 29 2021, 09:09 PM
Show posts by this member only | IPv6 | Post
#3686
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Junior Member
878 posts Joined: Mar 2020 |
QUOTE(flying_manatee @ Sep 29 2021, 09:03 PM) Haha ya something like that... yea maybe you're right on the external hire into big 4 part. Having said that what's the range for big 4 consulting for M / SM? I've heard of managers in big 4 consulting drawing 15k but I've also heard of senior consultants (one rank below) drawing over 20k so it's really peculiar... M - RM9k startingSM - RM13k starting M with 15k is probably on the high range. Hm senior con with 20k? Probably external hire. I have no idea. But the only logical explanation is they are all external hire. No way a M can get RM15k or Senior con with RM20k with internal promotions This post has been edited by Oklahoma: Sep 29 2021, 09:09 PM |
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Sep 29 2021, 09:21 PM
Show posts by this member only | IPv6 | Post
#3687
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Junior Member
210 posts Joined: Mar 2014 |
QUOTE(Oklahoma @ Sep 29 2021, 09:09 PM) M - RM9k starting Eh gosh that's really lower than I thought. I think your external hire theory is correct probably.SM - RM13k starting M with 15k is probably on the high range. Hm senior con with 20k? Probably external hire. I have no idea. But the only logical explanation is they are all external hire. No way a M can get RM15k or Senior con with RM20k with internal promotions Having said that the 15k M was Deloitte consulting and I think maybe the reason is that Deloitte goes Analyst - Consultant - Senior Consultant - Manager - SM, while the others might go A - C - M - SM, so the M in Deloitte might be higher than the M in the other 3. Not sure if this makes sense or not. |
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Sep 29 2021, 09:37 PM
Show posts by this member only | IPv6 | Post
#3688
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Junior Member
878 posts Joined: Mar 2020 |
QUOTE(flying_manatee @ Sep 29 2021, 09:21 PM) Eh gosh that's really lower than I thought. I think your external hire theory is correct probably. Could be true. Also consulting generally pays more than audit.Having said that the 15k M was Deloitte consulting and I think maybe the reason is that Deloitte goes Analyst - Consultant - Senior Consultant - Manager - SM, while the others might go A - C - M - SM, so the M in Deloitte might be higher than the M in the other 3. Not sure if this makes sense or not. |
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Sep 29 2021, 09:40 PM
Show posts by this member only | IPv6 | Post
#3689
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Junior Member
210 posts Joined: Mar 2014 |
QUOTE(Oklahoma @ Sep 29 2021, 09:37 PM) yea thats true. M - RM9k starting SM - RM13k starting this is for consulting or audit then actually? I was under the impression that consulting was a bit higher than that and audit was a bit lower than that so can't be sure... |
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Sep 29 2021, 09:41 PM
Show posts by this member only | IPv6 | Post
#3690
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Junior Member
878 posts Joined: Mar 2020 |
QUOTE(flying_manatee @ Sep 29 2021, 09:40 PM) yea thats true. I got it from online. Audit I think. M - RM9k starting SM - RM13k starting this is for consulting or audit then actually? I was under the impression that consulting was a bit higher than that and audit was a bit lower than that so can't be sure... Yes consulting definitely higher. I am in consulting too. |
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Sep 29 2021, 09:45 PM
Show posts by this member only | IPv6 | Post
#3691
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Junior Member
210 posts Joined: Mar 2014 |
QUOTE(Oklahoma @ Sep 29 2021, 09:41 PM) Ah yea could be audit then if you found it online. I've been trying to find their consulting salary ranges but it's really tough to do so online because it's mixed up with the audit salaries...If you're in a specialized consulting firm it must pay pretty well then. Kudos mate! |
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Sep 30 2021, 12:34 AM
Show posts by this member only | IPv6 | Post
#3692
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Senior Member
743 posts Joined: Sep 2011 |
QUOTE(jyll92 @ Sep 24 2021, 04:38 PM) Job Title : Assistant Manager (Contract) QS 😂😂 are u in main con? Need work 7day/week or not hahaJob Desciption : Construction Age : 29 Years spent in company : 0 year Company : Local Industry : Construction Tenure : Employment Level : Assistant Manager Experience before joining (years) : 6 years Highest paper qualification/ education background : Bachelor Degree - Quantity Surveying Location : Selangor Average Working Hours Per Week (incl lunch hours): 44Hr Monetary Payout Basic Salary + Fixed Allowance : RM 6000+300 Contractual Bonus (months): depend on perofmance Performance, Variable Bonus & Commissions (months) : Benefits (where relevant) - chinaman Health Benefits : Medical, Dental Transport Benefits : - Mobile / Internet / Gadget Benefits : N.A Flexi Working Hours : N.A Other Benefits : Wa this forum can trust 1 ah. everyone 10k above. shud ask to attach with payslip otherwise no point |
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Sep 30 2021, 12:43 AM
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Probation
11 posts Joined: Sep 2021 |
Job Title : Business Analyst
Job Desciption : Typical IT Business Analyst Job Scope Age : 22 Years spent in company : 0 year Company : Startup Industry : Consulting Tenure : Permanant Employment Level : Junior Experience before joining (years) : 9 Months Highest paper qualification/ education background : Bachelor Degree Location : Selangor Average Working Hours Per Week (incl lunch hours): 44Hr Monetary Payout Basic Salary : RM 4000 Contractual Bonus (months): 13 month bonus Performance, Variable Bonus & Commissions (months) : Benefits (where relevant) - chinaman Health Benefits : N.A Transport Benefits : - Mobile / Internet / Gadget Benefits : N.A Flexi Working Hours : N.A Other Benefits : |
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Sep 30 2021, 12:44 AM
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Probation
11 posts Joined: Sep 2021 |
Job Title : Business Analyst
Job Desciption : Typical IT Business Analyst Job Scope Age : 22 Years spent in company : 0 year Company : Startup Industry : Consulting Tenure : Permanant Employment Level : Junior Experience before joining (years) : 9 Months Highest paper qualification/ education background : Bachelor Degree Location : Selangor Average Working Hours Per Week (incl lunch hours): 44Hr Monetary Payout Basic Salary : RM 4000 Contractual Bonus (months): 13 month bonus Performance, Variable Bonus & Commissions (months) : Benefits (where relevant) - chinaman Health Benefits : N.A Transport Benefits : - Mobile / Internet / Gadget Benefits : N.A Flexi Working Hours : N.A Other Benefits : |
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Sep 30 2021, 09:33 AM
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Junior Member
202 posts Joined: Nov 2015 |
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Sep 30 2021, 12:13 PM
Show posts by this member only | IPv6 | Post
#3696
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Probation
6 posts Joined: Sep 2021 |
QUOTE(Quang1819 @ Sep 28 2021, 07:14 PM) pretty well paid or least above average when you were a fresh grad As I am working with an employer outside of Malaysia, I will have to pay for my own EPF and taxes. With a total monthly payment of 7k, my gross is really just ~RM6150.25 and getting 7k is beyond 99% of 25 years old Malaysians ady lol Despite feeling low balled, I believe the experience and one foot into SG will be worth it in the long run |
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Sep 30 2021, 05:27 PM
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Senior Member
2,983 posts Joined: Nov 2011 |
QUOTE(D-Frog @ Jan 26 2021, 09:11 PM) Job Title :Â Product Owner New job recentlyJob Description : Product Roadmap and managing timeline expectation from C-suite and manager. Age : 24 Years spent in company : 0months Company : MNC Industry : Fintech Tenure : Permanent Employment Level : Executive Experience before joining (years) : 10months Highest paper qualification/ education background : Degree in Computer Science Location : Selangor Average Working Hours Per Week (incl lunch hours): 30-40 Monetary Payout Basic Salary + Fixed Allowance : RM 6000 Benefits (where relevant) : Health Benefits : Panel clinic New update, same company. Job Title :Â Product Owner Job Description : Product Roadmap and managing timeline expectation from C-suite and manager. Age : 25 Years spent in company : 7months Company : MNC Industry : Fintech Tenure : Permanent Employment Level : Executive Experience before joining (years) : 10months Highest paper qualification/ education background : Degree in Computer Science Location : Selangor Average Working Hours Per Week (incl lunch hours): 30-40 Monetary Payout Basic Salary + Fixed Allowance : RM 6600 Job Title : Product Manager Job Description: product management . Age : 25 Years spent in company : 2 month Company : MNC Industry : Fintech Tenure : Permanent Employment Level : Executive Experience before joining (years) : 2.5 years average Highest paper qualification/ education background : Degree in Computer Science Location : Selangor Average Working Hours Per Week (incl lunch hours): 30-40 Monetary Payout Basic Salary + Fixed Allowance : RM 9800 This post has been edited by D-Frog: Sep 30 2021, 05:28 PM |
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Oct 1 2021, 10:33 AM
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Elite
4,424 posts Joined: Jan 2003 From: Singapore |
QUOTE(rotogistics @ Sep 19 2021, 10:18 AM) Flexi Working Hours: Yes You have the right thought there, it's unlikely they'll be willing to move you to SG in the future to do the same job (if not why are they hiring in Malaysia right now?)Would love to get your opinion on this career jump. I asked my future employer whether there are chances of moving over to SG once the pandemic subsides, and they said it is something they look forward to, subject to employment pass approvals. My compensation package also changes accordingly. I feel a bit confused here because they are outsourcing dev work and saving significantly (the offer is 50% of a fresh grad's rate in SG). Does it make sense for them to double my salary when I eventually do make the move to SG? Also, this offer represents a 40% increment from my previous job, although I can't help but feel like I got lowballed because I told them my current salary. Regardless, this is a good offer and I do feel bad for complaining. What you should aim is to do well in your current role, then apply for an internal role which is currently based in SG. This is usually how internal transfers work (location transfer with the same role usually only goes from high to low cost locations) |
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Oct 4 2021, 05:23 PM
Show posts by this member only | IPv6 | Post
#3699
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Probation
6 posts Joined: Sep 2021 |
QUOTE(KilJim @ Oct 1 2021, 10:33 AM) You have the right thought there, it's unlikely they'll be willing to move you to SG in the future to do the same job (if not why are they hiring in Malaysia right now?) I guess you are right. Not only are they hiring in Malaysia, but also in other third world countries such as Vietnam, India for the dev team. When you mention of an internal role, do you mean to say a position above what I'm currently doing within the same company? For example, transitioning from a software engineer to a product manager? What you should aim is to do well in your current role, then apply for an internal role which is currently based in SG. This is usually how internal transfers work (location transfer with the same role usually only goes from high to low cost locations) If you mean to look for internal roles in SG outside of the company, it would be quite hard since I am fully remote and do not really have an employment pass to work with |
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Oct 5 2021, 09:26 AM
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Elite
4,424 posts Joined: Jan 2003 From: Singapore |
QUOTE(rotogistics @ Oct 4 2021, 05:23 PM) I guess you are right. Not only are they hiring in Malaysia, but also in other third world countries such as Vietnam, India for the dev team. When you mention of an internal role, do you mean to say a position above what I'm currently doing within the same company? For example, transitioning from a software engineer to a product manager? Yeah I'm referring to internal roles within the same company which is still based in SingaporeIf you mean to look for internal roles in SG outside of the company, it would be quite hard since I am fully remote and do not really have an employment pass to work with Once you get a foot into Singapore the rest will be much easier This post has been edited by KilJim: Oct 5 2021, 09:36 AM ceo684 liked this post
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