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 Let's Talk Salary v8, Sharing Thread

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gundamsp01
post Aug 12 2020, 11:35 PM

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Just for reference, not sure if my pay fits my role

Job Title : Project Manager
Job Description : Manage internal projects for APAC region, mainly China/HK
Age : 33
Years spent in company : 1+ years, with 2+ years of experience as external consultant to the company.
Company : Bank
Industry : Financial
Tenure : Permanent
Employment Level : -
Experience before joining (years) : 5 years of project management, 4 years of developer
Highest paper qualification/ education background : Degree with PMP
Location : Selangor
Average Working Hours Per Week (incl lunch hours): 40

Monetary Payout
Basic Salary + Fixed Allowance : RM9700
Contractual Bonus (months): NA
Performance, Variable Bonus & Commissions (months) : 1-3 months, subject to performance

Benefits (where relevant) :
Health Benefits : medicard, dental, optical
Other Benefits : 3 days work from home per week

This post has been edited by gundamsp01: Aug 12 2020, 11:35 PM
gundamsp01
post Aug 12 2020, 11:51 PM

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QUOTE(coolguy99 @ Aug 12 2020, 11:44 PM)
The work from home is a good benefit. The pay is quite competitive. I assume your work is not really impacted by Covid then, given the nature of the job itself.
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work itself is not affected, but if there is an impact to company's income...well, budget cut, resource cut, it affects everyone.
gundamsp01
post Aug 13 2020, 08:11 AM

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QUOTE(hksgmy @ Aug 13 2020, 02:25 AM)
I hear you, bro. As evidenced in my updated post, this pandemic has affected great swathes of people across all industries in almost every country.
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this situation is out of everyone's control, can only wish for the best and income source is not affected.
gundamsp01
post Sep 13 2020, 07:26 PM

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QUOTE(year2020 @ Sep 13 2020, 06:22 AM)
Cheers up guys. I'm 33 and not even 4K yet. Worked for 10 years already with few different companies but without any clear career direction. I was aware of this thread and read some of the post few years ago but didn't motivate me to do anything.

But come this year, I start to realise that I've pretty much work most of that 10 years for nothing (in terms of experience/work knowledge). I notice that a lot of high earner here are pretty focus or perhaps they know what they want from the start of their career. Asked for some opinions on this thread and got meaningful advices. And I started working on areas that I can improve.

My advice, don't compare what the others earn but maybe you can get some helps/tips. Maybe share your current situation and ask what improvement can be done.
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in my opinion, it is related to the field you are in. Some fields do reward highly while some will reach ceiling price of just merely 10k/month very fast.
gundamsp01
post Oct 24 2020, 06:50 PM

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QUOTE(hksgmy @ Oct 23 2020, 08:35 AM)
I’m not from the IT field but I’ve been based in Singapore for the past 30 years, so I can offer a local perspective on the job environment at the moment: and it’s bad. Officially, tens of thousands of locals have been let go, and 3 times the number of foreigners. Unofficially, who knows.

It might be hard to for a fresh grad to look for a job as employees are pressured to hire locals.

Just to let you know so you can make a balanced decision. Good luck!
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ah, thanks for your input on this as well, seems like my plan to search for overseas job has to delay for another year
gundamsp01
post Mar 14 2021, 06:40 PM

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QUOTE(coolguy99 @ Mar 14 2021, 07:48 AM)
Impossible to get this kind of pay working as a salary man in malaysia at that age in my opinion..
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if this new acc's name is "tengku" as he claimed he is, most likely it is possible, we already have an example of such, a CEO banker turns cabinet member.
gundamsp01
post Apr 20 2021, 04:11 PM

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QUOTE(Shinka @ Apr 19 2021, 08:05 PM)
Hi all, would RM16K be considered just average or above average pay for a 35 year old? Professional services line
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funny question to ask if you are able to get 16k, and it has nothing to do with your age. It depends on:-
Industry
Location
Your experience and qualification
Your hiring company background and position being offered
salary/benefit package

gundamsp01
post Sep 6 2021, 07:57 AM

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QUOTE(flying_manatee @ Sep 3 2021, 01:41 PM)
Just changed jobs so update:

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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May i know what career route to take to be a consulting manager? I am a project/program manager role for more than 8 years now, but it seems like it is hard for me to go into consulting role due to my experience is somewhat an executor rather than a strategic planner.
gundamsp01
post Sep 6 2021, 07:18 PM

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QUOTE(k town shit @ Sep 6 2021, 07:02 PM)
What kind of Consulting? Enterprise solutions like ERP systems, or IT systems?
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i am more into the operation/process/business side consulting. However, most of the time, tech advice would be needed smile.gif
gundamsp01
post Nov 7 2021, 08:16 PM

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QUOTE(DoomCognition @ Nov 7 2021, 05:17 PM)
i remember u make decent money with ur current role right? why decide to switch to consulting?
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decent as generalist project manager, but not a specialist, just need to secure my future value in the career market.
gundamsp01
post Nov 7 2021, 08:18 PM

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QUOTE(DoomCognition @ Nov 7 2021, 08:16 PM)
Wat industry u working in now? IT?
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banking, delivering wide range of projects as per business needs, typical project management stuff. Hence, not specialize in anything other than project management.
gundamsp01
post Nov 7 2021, 08:32 PM

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QUOTE(DoomCognition @ Nov 7 2021, 08:26 PM)
Wat u making now? I think some of the PM (senior ones),  seems to be making decent money, like 15k or more.
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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.

This post has been edited by gundamsp01: Nov 7 2021, 08:33 PM
gundamsp01
post Nov 7 2021, 08:49 PM

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QUOTE(DoomCognition @ Nov 7 2021, 08:42 PM)
Who do you report to? Head of PMO?

Honestly, ur pay is considered on the mid-senior level already. In big banks, probably higher end of mid but in smaller banks, considered senior. Ur rank may not be, and that is likely a product of ur performance and ur boss takes a liking to u.

If I remember, u are also young right? Can take time to switch laterally, but likely need to stagnate at current level for a bit
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we have an entire dept (transformation team) of project manager/business analyst. Technically speaking, my rank should be around AVP for easier understanding.
I am not young ar...around 35 soon, hence needs to find a way out to grow myself into a specialist, someone with product knowledge and can provide advice and suggestion.
At my current environment, we aren't empowered to do that, other than just deliver whatever is required and complete all documentations, just like PMO.
gundamsp01
post Nov 7 2021, 08:49 PM

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QUOTE(DoomCognition @ Nov 7 2021, 08:48 PM)
Found ur previous post, u just changed job?
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nope, got promoted, and increment 3 times inclusive of the promotion adjustment. Hence my current pay.

This post has been edited by gundamsp01: Nov 7 2021, 08:50 PM
gundamsp01
post Nov 7 2021, 09:02 PM

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QUOTE(DoomCognition @ Nov 7 2021, 08:56 PM)
35 is still young, not even half way into ur career.

Ur pay is definitely not AVP pay (I have seen AVP with close to ur pay before, but those have been stuck at AVP for a long time, and I don't think u want to compare to them), more like VP pay (what most banks call VP anyway). Trust me, some of the directors also around ur pay only.

Also, this is the first I heard, pay increased 3 times in a year? How does that work?
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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
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
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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
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.
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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
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
gundamsp01
post Mar 1 2022, 10:44 AM

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QUOTE(gundamsp01 @ Aug 12 2020, 11:35 PM)
Just for reference, not sure if my pay fits my role

Job Title : Project Manager
Job Description : Manage internal projects for APAC region, mainly China/HK
Age : 33
Years spent in company : 1+ years, with 2+ years of experience as external consultant to the company.
Company : Bank
Industry : Financial
Tenure : Permanent
Employment Level : -
Experience before joining (years) : 5 years of project management, 4 years of developer
Highest paper qualification/ education background : Degree with PMP
Location : Selangor
Average Working Hours Per Week (incl lunch hours): 40

Monetary Payout
Basic Salary + Fixed Allowance : RM9700
Contractual Bonus (months): NA
Performance, Variable Bonus & Commissions (months) : 1-3 months, subject to performance

Benefits (where relevant) :
Health Benefits : medicard, dental, optical
Other Benefits : 3 days work from home per week
*
Finally got a new job offer, hopefully a good working culture and environment

Job Title : IT Project Manager
Job Description : Manage internal projects
Age : 35
Years spent in company : 0
Company : Bank
Industry : Financial
Tenure : Permanent
Employment Level : -
Experience before joining (years) : 11 years
Highest paper qualification/ education background : Degree
Location : KL
Average Working Hours Per Week (incl lunch hours): 40

Monetary Payout
Basic Salary + Fixed Allowance : RM17,000
Contractual Bonus (months): NA
Performance, Variable Bonus & Commissions (months) : unkown

Benefits (where relevant) :
Typical bank benefits

This post has been edited by gundamsp01: Mar 1 2022, 10:57 AM
gundamsp01
post Mar 1 2022, 04:51 PM

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QUOTE(coolguy99 @ Mar 1 2022, 03:50 PM)
Wow that is a very nice offer you got there. Mind to share if it is a local bank?
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yes smile.gif

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