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 Let's Talk Salary v9, Sharing Thread

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polarzbearz
post Apr 28 2024, 08:46 PM

Gracie
*******
Senior Member
4,816 posts

Joined: Apr 2007


QUOTE(Consultant92 @ Apr 25 2024, 09:07 PM)
I hope to shine light on a fairly secretive industry... and hope to inspire more M'sians to explore... I am also happy to answer any questions...
Caveat:
- Where I live, income tax etc. is close to 50%, and cost of living is insane too, so I actually do not feel rich...

Job Title : Private Equity Associate
Job Desciption : Investment
Age : 30
Years spent in company : 2
Company : XXX
Industry : Private Equity
Tenure : 6
Employment Level : Junior
Experience before joining (years) : 4
Highest paper qualification/ education background : Undergrad
Location : US / UK
Average Working Hours Per Week (incl lunch hours): 80

Monetary Payout (total yearly converted to RM)
Basic Salary: RM1,200,000 (before tax)
Performance, Variable Bonus & Commissions (carried interest): RM1,200,000 - 1,600,000 (based on last 2 years' bonus, this is uncapped and based on the fund's performance)

Work Flexibility (where relevant) :
Work From Home Availability: No one really cares as long as you get the job done...
Annual Leaves: 25 days
Flexi Working Hours : No

Benefits (where relevant) :
Health Benefits : Yes
Transport Benefits : Taxi home
Mobile / Internet / Gadget Benefits : Yes
Other Benefits : All meals covered during weekdays

Future Prospects (personal outlook) :
Current salary against peers in industry : Underpaid for a large cap fund... I have peers getting paid 2x vs. mine in the same region...
Growth prospects : Very good corporate prospects, with unlimited cap for salaries within the industry...
Where I will go from here : I don't think I will stay in the corporate world for long...
*
Congratulations and very well done at your age! Number may look crazyyyyy if converted to MYR but yeah, after reverse conversion back to USD / GBP it really is not much considering the taxation and cost of living (especially rental) on that part of the world.

Do you intend to naturalise there over the long term, or eventually return to Malaysia after grinding enough moolah?
polarzbearz
post Apr 29 2024, 09:24 AM

Gracie
*******
Senior Member
4,816 posts

Joined: Apr 2007


QUOTE(hksgmy @ Apr 29 2024, 08:30 AM)
I asked the same question of him, when he posted his profile under the "what's your net worth" thread, and he (like many others in his shoes, myself included) indicated that it would be hard for him to return to Malaysia unless it's for retirement, given that the role he plays isn't readily available in Malaysia.
*
I see. Makes sense actually, Malaysia have plenty of talents but the country itself isn't economically/politically/matured enough to absorb the talents hence the brain drain. But for retirement, definitely one of the better options here given the low cost of living but pretty high living standards compared to advanced economies.

 

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