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Fair Salary?

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

canuckmtl
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Fair Salary?

Postby canuckmtl » Mon, 12 Dec 2011 11:48 am

I need your advice on a job offer I received from a Singapore financial institution.

I've been offered 7000 SGD per month for a project manager position.

My background:
-Bachelor in Business from a top Canadian university (major in MIS)
-Master degree in Finance
-10+ years of experience in project management/business analysis in major financial institutions in Canada and Asia
-PMP Certification

Do you think I could ask for more?

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sundaymorningstaple
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Postby sundaymorningstaple » Mon, 12 Dec 2011 1:04 pm

Sure. But that's not saying you will get it. Look at it this way, if you don't ask for it, you've got no chance in hell of getting it. If you do ask for it, you probably still won't get it, but, there is the slight chance you can and will.

However, there are several other things that could also happen.....

a) The interviewer could laugh you out of the interview. (doubtful)
b) They can just say no, take it or leave it.
c) They can possibly make another counter offer somewhere in the middle. Ideal as they give up a little and you give up a little so both get some of what they want.

It's up to you how confident you feel. As for median incomes in your field? I don't have a clue. You should already have done you homework there.

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nutnut
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Re: Fair Salary?

Postby nutnut » Mon, 12 Dec 2011 1:50 pm

canuckmtl wrote:I need your advice on a job offer I received from a Singapore financial institution.

I've been offered 7000 SGD per month for a project manager position.

My background:
-Bachelor in Business from a top Canadian university (major in MIS)
-Master degree in Finance
-10+ years of experience in project management/business analysis in major financial institutions in Canada and Asia
-PMP Certification

Do you think I could ask for more?


That's very low end if your credentials are as you state. It depends on a lot of factors, length of project, scope, budget etc etc etc , but, they will be expecting you to ask for more I imagine! $10K+ is around the median, but as SMS said, you should know this already.

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ringo100100
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Low

Postby ringo100100 » Tue, 13 Dec 2011 10:51 pm

Sounds low to me too. But depends on the project and whether they need you specifically, or just someone similar to you.

Also, it does matter where you are from. People from certain countries are seen as cheap labour. If you are from others, they pay a premium. Sad, but true.

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nutnut
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Re: Low

Postby nutnut » Wed, 14 Dec 2011 9:13 am

ringo100100 wrote:Sounds low to me too. But depends on the project and whether they need you specifically, or just someone similar to you.

Also, it does matter where you are from. People from certain countries are seen as cheap labour. If you are from others, they pay a premium. Sad, but true.


The Op's from Canada, if the op is English speaking, should be in the top 'race' band in a higher band than the other nations who would probably get paid less, as ringo says, it's sad but true.

Although it seems the op is a one post then run..... That's gratitude for you huh?
nutnut

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JR8
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Postby JR8 » Wed, 14 Dec 2011 9:43 am

I earned more as a base salary alone 18 years ago, and I have no recognised qualifications of any notable kind at all, never mind all the bachelors and masters stuff.

With rent and the usual extras I was probably on double that, back when double that was quite a lot of money.

Is the economy so bad that over-qualified people are now willing to migrate to earn half what they might have almost 20 years ago?

Or is it that just everyone is over-qualified these days (aka spent too long prevaricating at college rather than productively working)

:?

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nakatago
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Postby nakatago » Wed, 14 Dec 2011 10:08 am

JR8 wrote:Is the economy so bad that over-qualified people are now willing to migrate to earn half what they might have almost 20 years ago?

Or is it that just everyone is over-qualified these days (aka spent too long prevaricating at college rather than productively working)

:?


A little bit from column A, a little bit from column B.

:(

R.Vidya
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What is the salary range for a SME RM & Assistant. RM?

Postby R.Vidya » Wed, 18 Jan 2012 5:44 pm

Hello folks. I need some advice. What is average basic pay for a SME corporate banking RM? Is S$3.5k too low? Also how much does a Relationship Executive (without sales quota) makes a month? Appreciate the inputs.
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imeanit
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Postby imeanit » Sat, 28 Jan 2012 3:32 pm

I think you should ask for more, but it really depends on what type of company you are working with. For MNC, it should be quite positive, but for the local, chance is slim


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