I think the folks here would find it tough to share because it also depends on your coding experience, where have you worked before and what have you worked on.

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.

Sounds like you work for HSBC

It is in his last paragraph.

You don't need the technical ability to be able to go into his line of work which is as a consultant to help deploy SaaS to his clients. He has the skill of what his employer is seeking, the experience of having used the product first hand. As a user as well as someone in the industry (F&B), he would have the knowledge of the intricacies that folks in technology would have. This is why consulting companies do hire folks from within the industry verticals in order to gain those experiences because it helps with the implementation portion of the project as well as even selling the software to new prospective clients. I bet he doesn't have to be too technical aside from understanding the logic of the system, how it is coupled together but rather he has the first-hand knowledge of what benefits that the system can bring to clients.

Absolutely respect to you, I know how difficult it is as well to experience that sort of learning curve as I had to go through the same as a guy who once worked at a factory and suddenly be put on SAP BASIS support.

Also depends on the company that is hiring as well. For example, in my previous company, the max increment that we can offer to a candidate is only 15%. Anything more, we needed to seek for an exception and get approval all the way up to the CEO. Quite difficult to hire good candidates

For promotion there isn't really a fixed % because it depends on the level, department as well as job function.

Usually, there is a band for each level (e.g. manager 9k-15k) and it depends on how your promotion is negotiated and based on your performance, peers as well as market average as well. For example, if you were a full stack developer who got promoted to a manager band. In this example, I use the market average out there is say RM15k, there is a higher chance you get to RM15k salary especially if you also perform at a level higher than your manager peers. Again it isn't a sure thing and it is always a case-by-case basis.

This post has been edited by Mavik: Jan 1 2022, 09:02 AM

I guess it depends, I know that in one of the previous banks that I have worked at, 40k and above is usually at the GM level regardless of whether you are in the profit centre or support role (e.g. compliance, risk, finance, etc..etc..).

No, they aren't C-Suite. Most of them report to Heads of Departments who then report to the C-Suites. Each GM basically manage a function below them whilst the Heads of Departments manage the GMs.

Oh i am not guessing, I know for a fact that their pay is between RM40k-RM50k. HOD's tend to get about 60-100k whilst C-Levels compensation is in the millions depending on their function which is a mix of equity as well. C-Levels all have 2-4 year contracts.

It was the case in the two local banks that I have been in. The salary guide is an average of sorts and serves as a guide. 60k to 100k is pretty normal for these high positions especially HOD whose revenues are in the hundreds of millions.

Yup, most of the public listed companies CEO's are public knowledge as the company has to publish it to Bursa.

https://www.theedgemarkets.com/article/cove...-take-home-2020

Check the article above to see what they earn. Of course total compensation covers equity (stock options), bonuses and other stuff as well.

Yes of course, as the topic was related towards banking, I was sharing about the compensation within the FSI industry.

Actually, these are the ones we know of as their pay is publicly available information. There are tonnes of others who earn a lot more especially owners of private companies and their families.

No wonder there is such a high turnaround for IT especially within the banking industry. My ex-colleagues who were mid level managers already with a VP title were already earning 20k onwards. Some of them had no direct reports and just individual contributors.

No, they were under the support function (non-revenue generating) within the Chief Strategy Officer's purview of teams focusing on digital initiatives.

I am surprised as well as I was recently hiring a full stack engineer and most of them were already commanding RM18k salary and their expectation was at least RM20k and my budget at the time was only RM15k

I ended up hiring a contractor instead for RM15k a month as it is cheaper for the company as we don't need to cover medical, EPF, etc..etc..

Edit: sharing some job postings online that offered up to RM20k for full stack and data engineers
https://my.hiredly.com/jobs/jobs-malaysia-h...b-data-engineer
https://my.hiredly.com/jobs/jobs-malaysia-t...stack-developer

This post has been edited by Mavik: Jan 6 2022, 10:26 AM

Which i think is the issue and why many are jumping ship and joining tech companies and startups who offer higher salaries. I definitely do see HoDs in the couple of banks that I have been on the higher scale of salary but these are long term vested bankers, been in the firm for >20 years type. There are also exceptions where the HODs were hired from overseas and I knew one who made about RM3mil per annum (because needed to top what the person made overseas with the exchange rate and all).

At the end of the day it would be based on the hiring company and how the candidate has negotiated with the hiring company. I know someone who left the firm on the 31st of Dec which mean he wouldn't get his bonus which paid out on the 1st of Jan but has managed to negotiate a sign-on bonus which is 3x his expected bonus instead.

Nothing as exciting at IT, mostly corporate development and digital.

Recently saw some opportunities in the UIUX space with a healthy salary range

Senior Product Designer with a Global Design Software Platform; Salary up to RM 20,000

https://m.hays.com.my/Job/Detail/senior-pro...aign=Basic-free text-MY Oct 2018&CD4=cmVxdWVzdHR5cGU9ZXNob3QmZG9tYWluaWQ9MzMmdXNlcnR5cGU9Q2FuZGlkYXRlJnVuc3Vic2NyaWJpdGlvbmlkPTI4MjYzMDImZXNob3RpZD0yNjY0MDEmY29uc3VsdGFudFJlZj0xNzM3OA==

Senior UX/UI Designer with a Reputable Ed-Tech Provider; Salary up to RM 12,000


Senior UX/UI Designer with an Oil & Gas Company; Salary up to RM 20,000


Head of UX with an Oil & Gas Company; Salary up to RM 25,000


Head of User Experience Design (UED) with a Reputable FinTech; Salary up to RM 24,000

Use the first URL above to search for the rest within Hay's website

This post has been edited by Mavik: Jan 8 2022, 03:26 PM

What is life without any risk? If the jump is >30%, try to see if you can get a counter offer from your current company. Otherwise why not take the jump.