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 Let's Talk Salary v8, Sharing Thread

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tehoice
post Feb 14 2018, 10:28 AM

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QUOTE(chengcheekaan @ Feb 14 2018, 09:55 AM)
Job Title : Assistant Project Manager
Job Desciption : Execute contract (project)
Age : 30
Years spent in company : 6years 6months
Company :
Industry : Water Industry (M&E)
Tenure : Permanent
Employment Level : Manager
Experience before joining (years) : 0
Highest paper qualification/ education background : Degree
Location : Shah Alam
Average Working Hours Per Week (incl lunch hours): Office is 8 hours, Site is indefinite

Monetary Payout
Basic Salary + Fixed Allowance : RM8300
Contractual Bonus (months): 7mths (2017)
Performance, Variable Bonus & Commissions (months) : none

Benefits (where relevant) :
Health Benefits : Medical Card
Transport Benefits : Company Car (Honda CRV)
Mobile / Internet / Gadget Benefits : Phone Bill by company
Flexi Working Hours : None
Other Benefits : Boss is quite nice to me
*
very good perks you have there i'd say.
tehoice
post Feb 15 2018, 10:43 AM

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QUOTE(Zootopia @ Feb 14 2018, 03:34 PM)
Job Title : System Engineer
Job Desciption : IT support in house users and system administration
Age : 25
Years spent in company : 2 weeks
Company :
Industry : Internet
Tenure : Permanent
Employment Level : Executive
Experience before joining (years) : 2y+
Highest paper qualification/ education background : Degree
Location : SG
Average Working Hours Per Week (incl lunch hours): normal 8 hours

Monetary Payout
Basic Salary + Fixed Allowance : RM 3800SGD
Contractual Bonus (months):
Performance, Variable Bonus & Commissions (months) : 1M, 1M worth of company shares

Benefits (where relevant) :
Health Benefits : medical card
Transport Benefits : Claims
Mobile / Internet / Gadget Benefits :
Flexi Working Hours :
Other Benefits : free dinner, snacks and drinks in the office
*
on the bolded, 1month, 1 million worth of company shares?
tehoice
post Jun 6 2018, 12:29 PM

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QUOTE(hanhanhan @ Jun 1 2018, 06:24 PM)
Job Title : lawyer
Job Description : lawyer
Age : 29
Years spent in company : 5 years
Company : -
Tenure : permanent

Experience before joining (years) : none, straight join for chambering after getting qualification
Highest paper qualification/ education background : LLB , CLP
Location : KL
Average Working Hours Per Week (incl lunch hours): 40 hours
Monetary Payout
Basic Salary  : RM 5,300 (started with RM3.3k salary)
Bonus : 3 months

Benefits (where relevant)
Health Benefits : up to rm300 a year in 'special medical needs' including dental etc. no medical card but all doctor fees claim from company
Transport Benefits : rm450 transport allowance
Mobile / Internet / Gadget Benefits : none
Flexi Working Hours : as long work is done, can leave at 6pm. need to work weekends but able to claim reimbursement.
Holiday: 17 day AL, 14 day MC

not sure what's the 'market rate' for salaried lawyer nowadays.
*
your salary will only get better. hang in there.
tehoice
post Jul 17 2018, 03:04 PM

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QUOTE(zhou.xingxing @ Jul 17 2018, 10:40 AM)
Age: 27
Job Title : Senior Tax Associate
Job Desciption : Tax related matters
Years spent in company :5++ years
Company : Big4
Industry : Tax
Tenure : Permanent
Experience before joining : 0 years (excluding internships)
Salary : Basic Salary RM 4900 including fixed monthly allowances
Qualification: Degree (pursuing ACCA)
*
you will see significant improvement after completing your ACCA for sure.
tehoice
post Jul 17 2018, 03:05 PM

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QUOTE(AntiScam @ Jul 13 2018, 02:33 PM)
How much we can get maximum in business administration field?
*
maximum? Sky is the limit.

it depends on how good you are.
tehoice
post Jan 16 2019, 05:04 PM

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QUOTE(Spacase @ Jan 9 2019, 08:45 AM)
Job Title : Investment Analyst
Job Desciption : Due diligence, financial modelling
Age : 25
Years spent in company : <1 year
Industry : Private Equity
Employment Level : Exec
Experience before joining (years) : 2
Highest paper qualification/ education background : Bachelor's Degree
Location : KL
Average Working Hours Per Week (incl lunch hours): 45+

Monetary Payout
Basic Salary + Fixed Allowance : RM 4000

Benefits (where relevant) :
Health Benefits : unlimited
Transport Benefits : parking
Mobile / Internet / Gadget Benefits : phone/mobile data
Flexi Working Hours : no
Other Benefits : Dental 400, EPF 15%
*
Stay there, you will see a huge bump after say 4-5 years.
tehoice
post Jan 22 2019, 09:18 AM

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QUOTE(Spacase @ Jan 22 2019, 12:07 AM)
Haha i hope so too, are u from this field? Do u think an mba would be necessary later on?
*
Nope, i'm not from PE, i'm from IB.

my friends in PE did very well.
tehoice
post Feb 14 2019, 12:38 PM

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Food for thought, will employer's EPF contribution be a deciding factor for you too? when accepting a job, a new job, etc.

For example, if you work in a bank, you're likely gonna get 16% epf contribution by your bank as opposed to working in a small company where they just pay the statutory 12% epf contribution to your account.

Is this benefits important to you?
tehoice
post Feb 18 2019, 02:40 PM

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QUOTE(joshgm_119 @ Feb 14 2019, 01:04 PM)
Interesting, but very subjective to individuals situations when job hunting.

In a situation where I am browsing for the next jump, my expected salary would take into account the difference in the monthly contribution if the new company is not matching the rate that I am currently receiving.

Whereas if it was a situation where I needed a job badly, it would not matter all that much anymore.

Cheers!
*
yeah, i guess my case is clear. haha... thanks!

QUOTE(HAoCHa @ Feb 14 2019, 01:19 PM)
Not for me, won't make much different anyway. Higher salary amount is better, cause it's important factor for next salary rise.
*
i think it would be an important factor too, why do you say the difference is not much, i think it's pretty much differ by a couple of hundred each month for me (sole from the difference alone), so i think it is important to compound with the 8th wonder of the world. you will see a hugggeeee difference when you retire...


QUOTE(jitshiong @ Feb 14 2019, 02:02 PM)
Yes, I would consider this when there are similar offer. This is definitely a plus factor when comparing job offers. Cumulative interest gained for the additional 5% in the EPF will make a difference in the long run.
*
yes, definitely, agree with you mate.

QUOTE(ayamxxx @ Feb 14 2019, 02:40 PM)
Important if you gonna stay long there. But if the other offers is too big, then I suggest take that offer.
*
yup, for me the case is pretty clear, moving into 16% with a higher bump in my basic salary. so a win-win for me.
but losing is the hours...

QUOTE(blitzbullet @ Feb 14 2019, 03:09 PM)
Very important for me as I plan to be financially free by the time I retire. Usually I'll limit the total contribution to 25%. I'll adjust my own % contribution to meet the target. It totally depends on your target.
*
Yes, noted with thanks! very important to me too. try to get as much as we can when we're young and let the 8th wonder of the world to do its job.

tehoice
post Mar 6 2019, 04:05 PM

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Typically the first to reveal the number losses.

Also, in my experience, normally employers have the upper hand over candidates.

If you refuse to cooperate, they will just skip you and go to the next candidate, unless you are the one that they truly want to hire or at least the hiring manager wants to hire.
tehoice
post Aug 18 2020, 09:42 AM

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anyone here works in McKinsey?
tehoice
post Aug 18 2020, 02:26 PM

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QUOTE(1wildcat1 @ Aug 18 2020, 01:52 PM)
Why do you ask?
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my ex junior is there
tehoice
post Aug 19 2020, 09:55 AM

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QUOTE(daidzz @ Aug 19 2020, 12:35 AM)
Used to; not anymore. Whats up?
*
money is good, what was the reason for your exit? if you don't mind sharing.
tehoice
post Aug 19 2020, 09:57 AM

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QUOTE(Zenph @ Aug 19 2020, 02:16 AM)
Time for me to share mine.

Job Title : Business Founder
Job Desciption : As the only founder, I handle and monitor the main operation of the company as well as finding more clients to expand the company
Age : 24
Years spent in company : 2 and half years
Company : SME
Company : MNC
Industry : Digital Marketing
Tenure: Permanent
Average Working Hours Per Week (incl lunch hours): Sometimes 80 hours in a week. Sometimes 40.

Monetary Payout
Business net profit : Recorded of RM90,000 in July 2020 and estimated of RM95k - RM100k in August 2020

I’m sharing this when I finally hit my milestone of hitting 100k net profit. I’m going to reach the millionaire club in just a few months. I’m totally grateful in all the luck I gotten so far  smile.gif and I hope I can continue the momentum.
*
congratz and good for you~!
Keep it up mate icon_rolleyes.gif
tehoice
post Aug 19 2020, 10:21 AM

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QUOTE(daidzz @ Aug 19 2020, 09:59 AM)
Most people leave after 2-3 years actually; for me, got promoted then moved on to greener (read: more reasonable lifestyle) pastures.
Money can actually be better elsewhere; I got a pay bump when I left for another company. Was a great experience but never planned to stay in consulting forever.
*
alright got your point there and certainly sure that it would be a good move for you.
tehoice
post Nov 6 2020, 02:26 PM

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QUOTE(masterelr @ Nov 1 2020, 02:18 AM)
When including my salary in my CV, do I include the word "(Negotiable)" beside the salary or is it like an unspoken rule where all expected salaries are negotiable unless stated?
*
Typically, when you say negotiable, it means that they will be able to nego your salary downward, only one way and typically not the other way. never put negotiable, they would ask you if your salary is negotiable instead.

other forumers have stated their valid points which i agree very much too. Just to add another one, an example below.

1. let's say if you put your expected salary RM8k (negotiable).
2. and let's say you went for the interview and find that you can fit into the role (based on your cv and experience and your interview performance).
3. However, their range of salary is from RM10k to RM15k for that position.
4. they'd more than happy to offer you the RM8k you ask for without having to go through the negotiation process.

So in this case, you're the one who actually lose out because you could potentially land the job with much higher than RM8k salary.
yes i also noted that typically the employer will also make reference to your last drawn salary (which i think is not a very applicable context in our country), i dont think this should happen.

so your call if you wanna leave your expected salary in your CV.
tehoice
post Nov 19 2020, 10:55 AM

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QUOTE(tipsfedora @ Nov 14 2020, 08:47 PM)
For those that started their career earning in the 2k - 2.5k range, how long did it take for you to reach 10k salary milestone?
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7 years for me.
2 rounds of promotion with 1 time in a chinaman co, so the increment wasn't that great.
couple with multiple jumps to get there.

This post has been edited by tehoice: Nov 19 2020, 10:57 AM
tehoice
post Nov 19 2020, 10:56 AM

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QUOTE(party @ Nov 16 2020, 08:17 PM)
6 years with luck and good boss.

2014 2.3k join 1 week HR said big boss realligned min salary to 2.6k follow inflation so yay for me.
2015 2.8k
Mid-2015 promoted 3.9k
2016 4.5k
2017 4.7k
2018 5k
2018 jun promoted 6k
2018 new co aug 7.5k (i use 5k as base to nego)
2019 7.7k
2020 8.1k
2020 nov 9.8k base (+ allowance reach 10k+)
*
you did very well there, congratz....
tehoice
post Nov 20 2020, 05:02 PM

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QUOTE(MyRedz @ Nov 20 2020, 04:58 PM)
Can I know what industry are you in?
That's nice, what degree are you  in.?

How long do you wait until you jump?do you finish gather some experience before you jump
*
there's no fixed formula, everyone has their own different path.
i did not specifically wait for promotion. but both times i jumped not too long after got promoted, so yeah. maybe lucky me when the offer came along that time.
tehoice
post Feb 14 2022, 05:49 PM

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QUOTE(cruelfacex @ Feb 5 2022, 02:56 AM)
Just got a new job offer, will sign the offer letter next monday.

old job

Job Title : Hospital Pharmacist
Job Desciption : ask people take drug
Age : 30
Years spent in company : 5
Industry : hospital
Employment Level : Executive
Experience before joining (years) : 0
Highest paper qualification/ education background : bachelor
Location : KL
Average Working Hours Per Week (incl lunch hours): 40

Monetary Payout
Basic Salary + Fixed Allowance : RM 6200
Contractual Bonus (months): nil
Performance, Variable Bonus & Commissions (months) : 4 months

Benefits (where relevant) :
Health Benefits : medical

New job

Job Title : Hospital Pharmacist
Job Desciption : Force people take drug
Age : 30
Years spent in company : 0 (New)
Industry : Hospital
Employment Level : Senior executive
Experience before joining (years) : 5
Highest paper qualification/ education background : Bachelor
Location : KL
Average Working Hours Per Week (incl lunch hours): 42

Monetary Payout
Basic Salary + Fixed Allowance : RM 8000
Contractual Bonus (months): to be updated
Performance, Variable Bonus & Commissions (months) : to be updated

still did not manage to achieve my target salary of 10k by 30y/o.
*
probably by 32 you will hit, no worries.

now, move on to your next target 15k by 35 and 20k by 40!

I also missed my first milestone by some 2 years, but manage to hit 2nd milestone, thereabouts.
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