My friend story. He went to SG for 12 years and earning about SGD 6k. It is decent money after convert to MYR. However he said if given a choice again he will not go SG and will stay in Msia. Due to high earning he bought a 800k house in Msia, 2 cars for family members and high insurance premium. He did save money however parents and siblings knew he earn more and keep asking support from him. Until today he still remain as single. His life in SG for these 12 years mostly office and room. He rarely go shopping during weekend as his intention is to earn and save money. He went overseas trip once or twice a year with friends as a reward to his hard work.
But now at age over 40 he afraid he might lose his job as senior account executive due to high pay low level. Company may anytime retrench him and replaced with cheaper junior executive. He did tried to apply Msia job and seeking RM 8k salary but none of the company can offer him more than RM 6k. He said if he were stay in Msia at his age now he should at least a teamlead or manager with earning around or above RM 8k. If not due to high currency rate he will not commit to expensive property and will not commit to buy 2 cars for family members.
There are many people will say please go or stay in SG purely because of high currency rate instead of career prospect. I have around 10 friends (Malaysian) working in SG with degree or some got MBA, none of them position in manager until today. A common problem of people who work in SG is over commitment that cause them extremely hard to come back to Msia.
RM9K or SGD5K salary?
Aug 5 2022, 10:44 AM
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