Job Title: E-Comm Product Owner, Treasury
Job Description: Working closely with traders and sales team (Treasury) to offer products (FX/IRS/SI) to internal / external clients
Age: 32
Years spent in the company: 3 years
Company: Banking
Industry: IT
Tenure: Full-time permanent
Employment Level: senior level
Experience (years): 10 years
Highest paper qualification/ education background: Degree
Location: Singapore
Average Working Hours Per Week (incl lunch hours): 40

Monetary payout - SGD13.5K

Previously working in MY for about RM20K. I am super glad that i took the number cut and come to SG.

I can rent a nice 2 bedder condo, eat decent food, and still save 20k myr a month (around 6k sgd).

This post has been edited by macaionly: Jan 22 2025, 11:11 AM

Yep, getting 10k in sgd is like getting 15k in my.

Its not super hard but not too easy to reach either.

I also applied for years. But my lucky break is because i was internally transferred over to sg. In fact most of my friends who came over are internally transferred.

The big 4 do hire people who are not physically in sg. I have a couple friends in sg there, but their salary is around 6-7k range. A bit low for a senior position. They are in audit, not advisory.

MY 20k nets me around 14k.
Condo was around 3.2k
Car was around 1.5k. (3 series second hand)
Other stuff comes in around 5-8k.
Every month i was saving 2-3k myr

SG 13.5k nets me around 12.5k (no cpf for ep holders)
Condo was 4.3k
No car, take mrt
Other expenses comes in at around 2k
Splurge on food comes in around 1k a month
I currently save about 3-5k a month (10-17k myr)

The only thing that really changes is that you gotta take the mrt.
Which i am ok with.

This post has been edited by macaionly: Apr 15 2025, 02:45 PM

In MY my condo is a mortgage, which is a 2 bedder. I currently rent a 2 bedder here for 4.3k, which is close to the city and its much nicer condo than where i was living in MY.

Things here in SG is around 30% more than the price in MY. A whole roasted chicken in cold storage is $8.50, food around 8-12, if go hawker its 5-6 bucks.
Electric around 80, phone bill is 17 bucks. All these little things add up to quite a significant amount of savings.

To compare, in MY lunch is around rm15, zhapfan rm10-12, phone bill rm90. The only thing is really the car, i do miss driving around. Grab here is quite expensive, almost 1 to 1 price with kl

This post has been edited by macaionly: Apr 15 2025, 04:40 PM

I save a certain amount to my epf by manual transfer via i-acct app.

And no, i pay income tax to iras, not lhdn.