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 Let's Talk Salary v8, Sharing Thread

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TSDoomCognition
post Nov 7 2021, 09:37 PM

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QUOTE(gundamsp01 @ Nov 7 2021, 09:02 PM)
yearly increment, promotion adjustment, and another special increment based on performance (only given out due to covid situation)

i am just afraid of my marketable value as I don't feel my skill or knowledge is unique enough to say "if u never learn this, u will never know how to do it" type. Which make me very easily replaceable due to what i have now is general skillset that any tom dick harry can do
*
Yes and no.

After going around for a bit, I realised that not everything can be learnt easily, even generic skills like stakeholder management or project management. Of course, it is easier to learn those than technical skills like IT or Portfolio Management or Treasury or Risk, but it is still a skill that not many has.

U can look around u, how many Project Owners or HoD has good stakeholder management or timeline management skill? In project implementation, it is possible to do away with the PMO role, but how many Project Directors are capable of dual-hatting as PMO as well? Probably 1 or 2 out of 10? And those are usually outstanding HoDs themselves as well.

So I think ur situation is not as dire as u made it out of, but I wouldn't say that u don't have a point.

Edit: forgot to mention, process knowledge is also a skill which despite being easy to learn, still takes time

This post has been edited by DoomCognition: Nov 7 2021, 09:39 PM
gundamsp01
post Nov 7 2021, 09:48 PM

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QUOTE(DoomCognition @ Nov 7 2021, 09:37 PM)
Yes and no.

After going around for a bit, I realised that not everything can be learnt easily, even generic skills like stakeholder management or project management.  Of course, it is easier to learn those than technical skills like IT or Portfolio Management or Treasury or Risk, but it is still a skill that not many has.

U can look around u, how many Project Owners or HoD has good stakeholder management or timeline management skill? In project implementation, it is possible to do away with the PMO role, but how many Project Directors are capable of dual-hatting as PMO as well? Probably 1 or 2 out of 10? And those are usually outstanding HoDs themselves as well.

So I think ur situation is not as dire as u made it out of, but I wouldn't say that u don't have a point.

Edit: forgot to mention, process knowledge is also a skill which despite being easy to learn, still takes time
*
that's for ur sharing smile.gif
well, just hope that I can succeed an interview soon, and someone appreciate my value

This post has been edited by gundamsp01: Nov 7 2021, 10:54 PM
flying_manatee
post Nov 7 2021, 10:11 PM

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QUOTE(DoomCognition @ Nov 7 2021, 05:23 PM)
quite good money for a CM. who is ur boss? the partner itself? and how many people reporting to u?

i saw ur other thread, thought you are interested to venture into Finance. IT is the hot deal now, better stay in IT while the ride is good.
*
Oh it's sorta ok right now but I'm afraid I may not have the IT chops to become a CTO or CIO so I'm not sure if lateraling into Finance might be a good option down the line (my degree was in Finance)... sigh not sure where the path leads

Ah idk yet how many people are gonna directly reporting to me cos i just joined not long ago hahaa. we go on project basis

This post has been edited by flying_manatee: Nov 7 2021, 10:12 PM
Suislearning P
post Nov 7 2021, 11:40 PM

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QUOTE(thesoothsayer @ Nov 7 2021, 08:56 PM)
Ringgit. Spot bonuses are in USD before being converted. Used to have some other bonuses denominated in USD as well. Hoping will see a big rise in 22/23 due to some coming positive changes. Hanging on for a while more. Might try to push for promotion next year.
*
Dayum, hopefully I can reach that amount of salary one day.

Any advice or maybe you could share any lesson learned for us.
TSDoomCognition
post Nov 8 2021, 12:12 AM

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QUOTE(gundamsp01 @ Nov 7 2021, 09:48 PM)
that's for ur sharing smile.gif
well, just hope that I can succeed an interview soon, and someone appreciate my value
*
one more thing, since u were recently promoted, why are u looking out so soon? i know ur anxiety, but i think there is still some room to grow in terms of salary.
TSDoomCognition
post Nov 8 2021, 12:33 AM

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QUOTE(Pugface @ Jul 15 2021, 03:43 PM)
when i created account at 2014, i saw this thread and had a vision to just 14th floor

7 years later i came back with better achievement and see ppl significantly younger than me earning even higher

there is no winning this thread

edited: spelling
*
QUOTE(pinksapphire @ Aug 14 2021, 01:03 PM)
Lol, too funny cuz it's true. I dropped by here after so many years, and I felt more pathetic than before, haha
*
Those who post here are those who are either (1) Lying or (2) those who care about their career more than average.

That's why u see a higher than average trend here. Those who don't care about their career won't bother to come here.
gundamsp01
post Nov 8 2021, 12:51 AM

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QUOTE(DoomCognition @ Nov 8 2021, 12:12 AM)
one more thing, since u were recently promoted, why are u looking out so soon? i know ur anxiety, but i think there is still some room to grow in terms of salary.
*
In terms of salary, i think I reached the limit for my rank after promotion for any significant increase, yearly increment is what I can see for now (next level will be my manager's rank, which most only get this in their 40s and being extremely high profile and high visibility in the bank)

i have been looking out since 1 year+ ago. Several reasons to be frank,
- messy management issue. (major factor)
- more of an executor (PMO) which is what i dislike.
- things became mundane, only repeated redundant documentation and typical people issue in projects.
- leaving the country (personal reason, though for now, i think switching job in the country is what i can aim for short term).

This post has been edited by gundamsp01: Nov 8 2021, 01:00 AM
thesoothsayer
post Nov 8 2021, 01:25 AM

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QUOTE(Suislearning @ Nov 7 2021, 11:40 PM)
Dayum, hopefully I can reach that amount of salary one day.

Any advice or maybe you could share any lesson learned for us.
*
Determination , hard-work, and working on things that interest me, and a large dose of luck to get an opportunity.

For example, my degree was in electronics but I liked networking and programming and spent most of my time doing that. I worked on Linux at a time when it didn't work right out of the box. First thing you did was make sure the modem worked, then you tried to get the graphic drivers to compile, and then the sound card drivers. Sometimes it took a week just to bring up the computer to a fully working state with GUI and sound after classes, but I learned a lot of debugging and that is extremely useful in my work. I guess time and effort I put in at that stage didn't seem useful, but looking back, it probably got me to be able to debug problems much better than my peers.


For my current job, there was also a slice of luck involved. They wanted to hire my friend, but he didn't want to move to KL. He recommended me but I was happily teaching at that time and rejected it. 6-7 months later, a recruiter called from that company. I was unhappy with some things at work, and decided to speak to the director. He started talking about optimisation of hybrid and multicore architectures, which I was working on as well. He liked me and referred me to the hiring manager in US. I requested for 15k after the interview, he offered almost 20k with very generous RSUs and annual bonus. Guess it was the right place at the right time. However, I was also prepared for it because I spent extra time after my normal classes teaching interested undergrads programming, which kept me sharp, I worked on consultancy projects for companies, and I spent time reading and doing hands-on work in cutting edge things.



coolguy99
post Nov 8 2021, 08:10 AM

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QUOTE(gundamsp01 @ Nov 8 2021, 12:51 AM)
In terms of salary, i think I reached the limit for my rank after promotion for any significant increase, yearly increment is what I can see for now (next level will be my manager's rank, which most only get this in their 40s and being extremely high profile and high visibility in the bank)

i have been looking out since 1 year+ ago. Several reasons to be frank,
- messy management issue. (major factor)
- more of an executor (PMO) which is what i dislike.
- things became mundane, only repeated redundant documentation and typical people issue in projects.
- leaving the country (personal reason, though for now, i think switching job in the country is what i can aim for short term).
*
Why not try internal job posting? You mentioned that you currently work in a bank doing projects, if you have done projects for other countries before, I am sure it will be easier to look for a job in another country internally as you have the network rather than looking externally.
gundamsp01
post Nov 8 2021, 08:16 AM

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QUOTE(coolguy99 @ Nov 8 2021, 08:10 AM)
Why not try internal job posting? You mentioned that you currently work in a bank doing projects, if you have done projects for other countries before, I am sure it will be easier to look for a job in another country internally as you have the network rather than looking externally.
*
Anyway, it still doesn't resolve the old style management issue that i was talking about, as the problem came from the global management side.

This post has been edited by gundamsp01: Nov 8 2021, 08:18 AM
fattyghost
post Nov 8 2021, 10:58 AM

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Joined: May 2008
Job Title : Project Executive
Job Desciption : Reporting
Age : 31
Years spent in company : 1
Company : MNC (China State Own)
Industry : Construction
Tenure : Contract
Employment Level : Executive
Experience before joining (years) : 3yr+
Highest paper qualification/ education background : Mech Eng Degree
Location : KL/Sel
Average Working Hours Per Week (incl lunch hours): 40

Monetary Payout
Basic Salary + Fixed Allowance : RM4500
Contractual Bonus (months): Nil
Performance, Variable Bonus & Commissions (months) : Nil

Benefits (where relevant) : Nil
Health Benefits : Nil
Transport Benefits : Nil
Mobile / Internet / Gadget Benefits : RM100 on mobile fee
Flexi Working Hours : Nil
Other Benefits : Nil

After seeing posts in this topic, I believe my pay is kind of low.

I previously was a project engineer for M&E services in construction. However, being a project engineer has very long working hours with no OT pay. That's why I changed into current job, which I only follow office hours. However, I don't feel like I learning anything or improving myself throughout the year, my job are simple, collect report from the projects team then report to HQ in China. Also I don't see any better opportunity in this field (construction project engineer), most of them offer sub 5k salary and request working follow site schedule with no OT pay (construction site mostly work 7 days a week)

I recently considering transition into Data Scientist/Engineering. I have understanding in programming in statistic, I will take a bootcamp soon, and then try to apply jobs in this field. I hope I can at least get my current salary/slightly lower, not sure is it possible. Any sifu here can give me more guidance here? Thank you very much.
kobehua
post Nov 8 2021, 02:37 PM

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Job Title : Senior M&E Engineer
Job Desciption : managing site work and development project
Age : 33
Years spent in company : 2
Company : P&C
Industry : construction
Tenure : permanent
Employment Level : manager
Experience before joining (years) : 7
Highest paper qualification/ education background : degree
Location : KL
Average Working Hours Per Week (incl lunch hours): 54

Monetary Payout
Basic Salary + Fixed Allowance : RM8000
Contractual Bonus (months): 1 mths
Performance, Variable Bonus & Commissions (months) : +- 2 mths

Benefits (where relevant) :
Health Benefits : insurance
Transport Benefits : mileage claim
Mobile / Internet / Gadget Benefits : only rm70
Flexi Working Hours : no
Other Benefits : no

im not sure if im underpaid but certainly now I'm doing managing role with multiple projects. my company doing both contractor work and also developer. boss are ok with my performance (i wont put satisfy) and willing to explore if ever better offer

This post has been edited by kobehua: Nov 8 2021, 03:13 PM
Mavik
post Nov 8 2021, 09:54 PM

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QUOTE(gundamsp01 @ Nov 7 2021, 08:32 PM)
around 14k, i am not senior though. But giving me the anxiety that I do not have room to grow and specialize in nothing.
At my current bank, i move from project to project very quickly (sometimes may even be different line of business, example: from credit card to call centre, etc).
Just focus on delivery and stakeholders management, product knowledge is secondary for my current role. 

I had been rated highly at my current bank for my project management and stakeholders management skill.
However, I had been attending a few interviews, and the interviewer expressed that I am being paid highly yet not a subject matter expect in any product, which is the source of my fear for my career.
*
Don't worry too much about it as I have seen generalist PM earn up to RM40k a month without much focus on a subject matter. In actual fact, your experience with your bank itself and being a PM does make it a subject matter.
Suislearning P
post Nov 8 2021, 10:30 PM

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QUOTE(thesoothsayer @ Nov 8 2021, 01:25 AM)
Determination , hard-work, and working on things that interest me, and a large dose of luck to get an opportunity.

For example, my degree was in electronics but I liked networking and programming and spent most of my time doing that. I worked on Linux at a time when it didn't work right out of the box. First thing you did was make sure the modem worked, then you tried to get the graphic drivers to compile, and then the sound card drivers. Sometimes it took a week just to bring up the computer to a fully working state with GUI and sound after classes, but I learned a lot of debugging and that is extremely useful in my work. I guess time and effort I put in at that stage didn't seem useful, but looking back, it probably got me to be able to debug problems much better than my peers.
For my current job, there was also a slice of luck involved. They wanted to hire my friend, but he didn't want to move to KL. He recommended me but I was happily teaching at that time and rejected it. 6-7 months later, a recruiter called from that company. I was unhappy with some things at work, and decided to speak to the director. He started talking about optimisation of hybrid and multicore architectures, which I was working on as well. He liked me and referred me to the hiring manager in US. I requested for 15k after the interview, he offered almost 20k with very generous RSUs and annual bonus. Guess it was the right place at the right time. However, I was also prepared for it because I spent extra time after my normal classes teaching interested undergrads programming, which kept me sharp, I worked on consultancy projects for companies, and I spent time reading and doing hands-on work in cutting edge things.
*
Successful people never stop learning and improving. thumbsup.gif

Your area of expertise is not common and you are working at US MNC, but still, from teaching to receiving 20k offer. rclxms.gif

Thank you for sharing and hope to see more updates from you.
wayne5491
post Nov 10 2021, 12:44 AM

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Joined: Jul 2011


Job Title : civil structural engineer
Job Desciption : design building structures
Age : 30
Years spent in company : 4
Company : MNC
Industry : Construction
Employment Level : Junior exec?
Experience before joining (years) : 1
Highest paper qualification/ education background : Master
Location : KL/PG
Average Working Hours Per Week (incl lunch hours):45-55

Monetary Payout
Basic Salary + Fixed Allowance : RM4.8k
Contractual Bonus (months): 1 month, stopped since covid
Performance, Variable Bonus & Commissions (months) : -

Benefits (where relevant) : medical, dental
Health Benefits : -
Transport Benefits : -
Mobile / Internet / Gadget Benefits : -
Flexi Working Hours : -
Other Benefits : wfh most of the time since covid

Looking for next avenue but am wondering how much more I can demand, as the average pay in construction industry (for consultants especially) is quite low?
kobehua
post Nov 10 2021, 05:44 PM

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Joined: Jun 2008


QUOTE(fattyghost @ Nov 8 2021, 10:58 AM)
Job Title : Project Executive
Job Desciption : Reporting
Age : 31
Years spent in company : 1
Company : MNC (China State Own)
Industry : Construction
Tenure : Contract
Employment Level : Executive
Experience before joining (years) : 3yr+
Highest paper qualification/ education background : Mech Eng Degree
Location : KL/Sel
Average Working Hours Per Week (incl lunch hours): 40

Monetary Payout
Basic Salary + Fixed Allowance : RM4500
Contractual Bonus (months): Nil
Performance, Variable Bonus & Commissions (months) : Nil

Benefits (where relevant) : Nil
Health Benefits : Nil
Transport Benefits : Nil
Mobile / Internet / Gadget Benefits : RM100 on mobile fee
Flexi Working Hours : Nil
Other Benefits : Nil

After seeing posts in this topic, I believe my pay is kind of low.

I previously was a project engineer for M&E services in construction. However, being a project engineer has very long working hours with no OT pay. That's why I changed into current job, which I only follow office hours. However, I don't feel like I learning anything or improving myself throughout the year, my job are simple, collect report from the projects team then report to HQ in China. Also I don't see any better opportunity in this field (construction project engineer), most of them offer sub 5k salary and request working follow site schedule with no OT pay (construction site mostly work 7 days a week)

I recently considering transition into Data Scientist/Engineering. I have understanding in programming in statistic, I will take a bootcamp soon, and then try to apply jobs in this field. I hope I can at least get my current salary/slightly lower, not sure is it possible. Any sifu here can give me more guidance here? Thank you very much.
*
not high not low just average, construction industry is dead
zenzablade P
post Nov 11 2021, 03:02 PM

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Dear everyone. I'm kinda new here and i believe found a suitable platform to ask this.
[SIZE=7]

Job Title : Data Analytics Engineer
Job Description : Optimize production process
Age : 27
Years spent in company : 1 month
Company: MNC based in Europe
Industry : Gas chemical
Tenure : Permanent
Employment Level : Exec/ Senior Exec
Experience before joining (years) : 3
Highest paper qualification/ education background : MEng Chem Eng
Location : KL
Average Working Hours Per Week (incl lunch hours): 45 hours

Monetary Payout
Basic Salary + Fixed Allowance : RM 5120
Contractual Bonus (months): Minimum 20% from total annual salary
Performance, Variable Bonus & Commissions (months) : Varies but standard.
Benefits (where relevant) : Standard.


Am I in the good salary range given those my previous experience year and industry background.
Thanks for your time. Really appreciate all sifus' insight.
[SIZE=7]
Mavik
post Nov 11 2021, 03:31 PM

Patience is a virtue
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QUOTE(gundamsp01 @ Nov 8 2021, 08:16 AM)
Anyway, it still doesn't resolve the old style management issue that i was talking about, as the problem came from the global management side.
*
Sounds like you work for HSBC
Dembeee P
post Nov 16 2021, 09:25 AM

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QUOTE(Dembeee @ Sep 17 2019, 02:47 PM)
Job Title : System Developer
Job Desciption : Maintain/enhance system based on client's requirements
Age : 24
Years spent in company : 1y +
Company : Local Company
Industry : IT
Tenure : Permanent
Experience before joining (years) : 0
Highest paper qualification/ education background : degree
Location : KL/PJ
Average Working Hours Per Week (incl lunch hours): 42.5

Monetary Payout
Basic Salary + Fixed Allowance :
Fresh  RM2800 + 300
After 6 months  RM3000 + 300
After 1 year joining got increment RM3400 + 300

Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) : -

Benefits (where relevant) :
Health Benefits : If not mistaken RM220 per month, can accumulate till year end. + Medical insurance up to 40k/year. Maternity/Labour cover up to RM2k
Transport Benefits :
Mobile / Internet / Gadget Benefits : -
Flexi Working Hours : -
Other Benefits :
*
My update after 2 years

Job Title : System Developer
Job Desciption : Maintain/enhance system based on client's requirements
Age : 26
Years spent in company : 3.5 Years
Company : Local Company
Industry : IT
Tenure : Permanent
Experience before joining (years) : 0
Highest paper qualification/ education background : degree
Location : KL/PJ
Average Working Hours Per Week (incl lunch hours): 42.5

Monetary Payout
Basic Salary + Fixed Allowance : RM5600
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) : -

Benefits (where relevant) :
Health Benefits : RM 2000/Year Medical/dental . Insurance RM40k/year
Transport Benefits :
Mobile / Internet / Gadget Benefits : -
Flexi Working Hours : -
Other Benefits :
TSDoomCognition
post Nov 16 2021, 10:09 AM

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Joined: Nov 2010


QUOTE(Dembeee @ Nov 16 2021, 09:25 AM)
My update after 2 years

Job Title : System Developer
Job Desciption : Maintain/enhance system based on client's requirements
Age : 26
Years spent in company : 3.5 Years
Company : Local Company
Industry : IT
Tenure : Permanent
Experience before joining (years) : 0
Highest paper qualification/ education background : degree
Location : KL/PJ
Average Working Hours Per Week (incl lunch hours): 42.5

Monetary Payout
Basic Salary + Fixed Allowance :  RM5600
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) : -

Benefits (where relevant) :
Health Benefits : RM 2000/Year Medical/dental . Insurance RM40k/year
Transport Benefits :
Mobile / Internet / Gadget Benefits : -
Flexi Working Hours : -
Other Benefits :
*
Pretty good increment in 2y. What language do you code in?

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