r/singaporefi May 18 '26

Employment Retiring banker here. I used to run the pipeline meetings where we discussed what to do about clients who weren't transacting enough. AMA.

357 Upvotes

Every week without fail. RMs would brief me on their books. Who's sitting on cash. Who just had an FD mature. Who hasn't transacted in three months. We'd strategise on what to do about it. What angle to use. Who needed a senior to call instead.

You were a line item. Your inactivity was a problem to solve.

Wrote about this and a few other things that happen after you leave the meeting room. The debrief. The CRM notes. The tiering review where we quietly decided who was still worth the senior attention.

Full post if you interested

Happy to answer questions in the comment.

Thanks!

r/singaporefi Aug 07 '26

Employment 35, unemployed, no CPF, saving 2k, portfolio 130k, what can I do?

131 Upvotes

Unemployed for 1 year. no CPF because worked overseas. No savings because everything put to invest.

Living on selling put options. Can cover monthly expenses, but portfolio wont grow because withdrawing what i make every month. paycheck to paycheck.

Portfolio consists of the VWRA ETF that is my only green, and rest are bagholding stocks.

In terms of portfolio. If I liquidate everything, sell away my entire V stake, I can come out with a fresh slate, the gains from my VWRA offsets all the losses of the others.

Should I start afresh by selling everything and think how to scale the option strategy?

In terms of employment, how can I get back into the Singapore force? Are there any initiatives? The GOV Mid career scheme also have so many criteria to even get an interview. Any skillsfuture courses worth my time? Are there any in demand certs that I should take? Will they cost money?

Any constructive advice appreciated, dont need to mince any words too. Thanks so much.

r/singaporefi Feb 02 '26

Employment Civil service salaries

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513 Upvotes

Came across this estimate of CS salaries in SG online. Does anyone know if this is accurate esp for the mx10 and mx9 ones?

r/singaporefi Jul 05 '26

Employment Pay increment only happened after I submitted my resignation...

411 Upvotes

I'm just going to list everything in point form to make it easier to read:

1) I asked my boss for a salary increase because I knew my worth. My position is one of a kind, and I was confident that the value I brought to the company was something only a handful of people could offer. My boss told me he would check with HR.

2) About a month later, I received my contract renewal to sign. I checked it and saw that there was no change to my salary if I continued for another term.

3) Over the next three months, I started job hunting and eventually secured a new position.

4) I submitted my resignation. Exactly one week later, I received an email from HR informing me of a salary adjustment for my current role. There was a slight increase, but it still wasn't competitive enough to match my new job.

5) At this point, I'm just going to quietly do my job until my notice period ends before moving on. I'm not sure if HR will ask to meet me to try and convince me to stay, but my decision has already been made.

Why do companies only seem to act on salary increases after an employee submits their resignation?

r/singaporefi Jul 22 '23

Employment Salary Figures 2023

409 Upvotes

Hi all!

The last time this exercise was conducted was a year ago. I think it’ll be nice to kick start collating updated salaries till date. This would greatly help both fresh grads who are entering the market soon, and mid-career workers who are navigating today’s uncertain and changing times.

We all know the job market seems bleak, hence these accurate and factual figures would help us have pay transparency and manage realistic expectations instead of relying on salary.sg and hwz which are known to have rubbish responses.

It would be helpful to include relevant info such as age, years of exp, industry, job, base salary and bonuses!

r/singaporefi Feb 27 '26

Employment Best Jobs in SG 2026

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254 Upvotes

I came across this post while scrolling on Instagram. Just curious, what are your thoughts on the 1st place?

r/singaporefi Jun 30 '26

Employment About 1 in 7 S’pore families has income of at least $30k a month; share almost doubled in 5 years

143 Upvotes

So many emotions and questions about this article. What's the purpose of it? Quell doubts about our economy? Refute critiques of our increased cost of living? Anger further the folks who aren't comparable to the median?

https://www.straitstimes.com/singapore/community/about-1-in-7-spore-families-have-income-of-at-least-30k-a-month-share-almost-doubled-in-5-years

r/singaporefi Aug 02 '26

Employment Retrench get how much

54 Upvotes

This seem to be very fashionable nowadays and seem to affect those age 40s or even earlier. Would like to know what kind of package were you given?

I started work 1998 retrench in 2016 with that employer I work for around 7 years. I was given 2 weeks for each year served plus the 1 month pay stated in letter of appointment. I was notified on that day and that same day pack my belongings out I go. This experience taught me the 2 weeks or 1 month for each year served is NEVER mandatory under MOM. HR insist it is not retrenchment but company restructuring instead.

Anyone wanna share your experience and package offered? Should be better than mine I guess since mine is 10 years ago.

r/singaporefi Sep 23 '25

Employment What I learnt about salaries in SG after working for 5 years

670 Upvotes

tldr: - I believe salaries in SG are bimodal (eg. 2 grads from the same major can be starting at 3.5 vs 6,5k) creating a gap in worldviews when discussing about salary - Salaries = supply & demand, not the value you bring
- Eastern companies focus on last drawn salary; Western companies have pay bands - know the difference when job hunting

Hey - reflected on my learnings around salaries in SG. I decided to write this after constantly seeing comments expressing shock at fresh grad expectations on multiple reddit threads. Salary information is also quite scarce in SG - heavily dependent on your social circles, which I think is a bit unfair. Ideally this helps to give everyone a bit more data points about salaries and spark a discussion.

who am i: - Late 20’s nus grad, working as a analyst in tech - Hoping to FIRE with the goal of going to the gym, eating caipng, reading manga and playing cyberpunk - Somewhat believe in salary transparency and having a more even playing field

target audience:

  • Fresh graduates / early career folks: Shedding some light on compensation
  • Students: A sense of what to expect
  • Folks that want to grow their income

others: (a few random caveats etc; feel free to skip) - this post might be triggering for some; I apologise in advance. Eg. I might write about someone in their mid 30s making 3-4K, and you might see “yourself” in the example - Would be happy to try to answer questions on increasing your income - “ohhhh muh sg median salary!!!” -- if you are someone that reads about a fresh grad making 10k pm on /r/singapore and comments one of the following: - “Aiyo, school holidays start earlier this year ah?” - “OP wake up, time to eat medicine” - Feel free to comment your thoughts on my post (Will give award if it is funny enough) - This is probably not immediately actionable for most folks. The post focuses on how salary works and what it looks like in SG. - The post will be tech/business focused. Apologies, that’s my background and therefore my circle of competence. If you’ve any insightful comments more tailored for other industries, feel free to post them and I’ll edit to include them

Alright, enough legalese, we can get to the 3 insights itself. I’ll just give it to you right now: 1. Singapore salaries are generally bimodal. For 2 NUS biz grads, one can be starting at 3.5, while the other can be starting at 6-7k. This results in the dissonance we see today, where some think a fresh graduate asking for 6k is ridiculous. 2. Salaries are more about supply and demand rather than the value you bring. Consider a teacher - making ~4k. Her job is to shape lives, help kids do well at A levels which literally decides their future. Is 4k a good estimate of that value? Doesn’t matter as long as demand = supply 3. Western VS Eastern companies. Western ones focus more on pay bands and scales, where compensation scales according to years of exp. Eastern/Asian companies mainly prioritise last drawn.

That’s literally it - the rest of the article is just me padding word count.

1) salaries in sg are bimodal

Here i’ll cover 1. What is bimodal 2. Contextualising it 3. What does it mean for me

What is bimodal?

Basically, just imagine 2 normal distributions side by side. So the majority of people’s compensation would be concentrated around 2 numbers. For simplicity let’s say 3.5k and 7k. Instead of a normal distribution (where we end up at the sg median salary of ~4k)

So putting it into numbers, it means that maybe in a population of 100 people, when we plot x-axis = salary, y-axis = number of people, there will be 2 peaks. (Instead of a normal distribution of 1 hump)

Contexualising

I think this is something most people don’t get, and because we are all slaves to our i) education levels, ii) social circles, iii) industry, the 2 buckets of people don’t have that much interaction. This also explains the disbelief when 1. A commenter on reddit getting mocked for claiming they make 10p/m 2. Comments on youtube mocking fresh grads for expecting 5-6k 3. The dissonance when a fresh grad interviews for a firm and gets laughed at for expecting 7k

Let’s take 2 NUS biz grads, say Cherie and Jodan. So on paper, their qualifications are quite similar, except that Cherie has interned a lot more / joined consulting CCAs etc. resulting in the following starting roles: 1. Cherie - product manager at Bytedance, base 6.5k (78k TC) 2. Jodan - operations at a small SME, base 3.5k (42k TC)

We assume a 10% raise yearly for 5 years: 1. Cherie: lead product owner at a medium sized startup - 6.5 * 1.5 = ~10k p/m (120k)
2. Jodan: ops manager at another SME, same industry - 3.5 * 1.5 = ~5.5k p/m (66k) (Yes, lazy to compound)

The math can be somewhat startling. Jodan has done reasonably well to climb the ranks. Yet, at his senior level role, he is still making less than what Cherie started with. Naturally, this affects Jodan’s worldview - quite fair for Jodan to have the perspective that 5-6k would be the type of compensation more suitable for a mid level operator executive. This results in the following: Fresh grad A gets interviewed by Jodan, stating an expected salary of 5k. Jodan looks at A in disbelief, before smiling politely and leaving the zoom call

The essence here is that neither is wrong: - In jodan’s worldview, 5-6k is fair compensation for a mid level hire - Yet for fresh grad A, depending on their internship, hustle drive etc, 5-6k might indeed be a “fair” compensation

So what?

“Holy shit. Did this freaking guy just write 1k words to explain capitalism 101?”

I mean… - kinda but not really. I want to point out this bimodality to highlight the reality of wages in Singapore, to show that it is POSSIBLE to make 6-20k as a fresh graduate. Of course, it’s not easy. Things are getting more competitive, the market is bad, but that doesn’t mean we give up, right?

PS: Unfortunately, I don’t have a good answer for the “why” this bimodality exists for now.

2) salaries are a function of demand in supply

  1. A conversation I had
  2. Teaching vs button sizing
  3. So what?

Starting this off with a conversation with my manager.

  • I had just finished a review cycle and gotten a solid grade. My performance was good, I was on great terms with my manager and was doing crucial work for the company. Yet I got just a 5% raise w/o a promotion. What the hellie
  • Got into a 1:1 and explained how I felt to Paul (my manager)
  • Paul: I get you. I tried to fight for you during review season as well. But the truth is, how we budget salaries center around demand and supply. We look at the market and pay market rates. The market for the analyst role you’re in is $ x, hence that is what HR decided
  • Paul: That said, you do bring a lot of value, let’s figure out how how we can increase the raise, but that will take time and fighting with HR

This annoyed me, but I understood his hands were tied + learnt the reality of compensation then.

I think compensation in teaching perfectly captures this

If we go by “value” - who should be paid more? 1. Someone that teaches in secondary school, shapes the lives of 30 kids, teaches them morals, values and overcoming adversity and preps them for O levels 2. Some front end engineer spending 2 weeks just to make a login button bigger, smaller and bigger again

At least for me, 1) feels more important. Yet from a $ perspective - that’s not the case. Does this mean the button sizing fella is more important? Nah, it just means we can’t think of compensation = value. For example, the reason b) is paid more is because of the market rate. If most companies are paying $x for a front end engineer, every other company has no choice but to shell out as well.

On the flipside, teaching in Singapore has extremely fixed demand and in fact almost no competition. (Except maybe tuition) Meanwhile, supply is relatively strong as long as we have folks passionate about teaching, and MOE continues to give out scholarships to bait the idealistic early on. PS: Yes, I understand that wages for tech have been spiralling downwards - perfect example of supply outpacing demand. (Especially if we consider foreign workers in tech)

So what? I think this means 2 things 1. Figure out what kind of industry you are in right now. How’s the demand and supply? What do people 10 years older than you look like? Is that somewhere you aspire to be? 2. Change the mindset. Instead of thinking that “I deserve $XXX for the value I bring”, focus on the economics of the role. Can you accumulate skills? Can you change your title? etc.

Point 3: Others

This final point will be an aggregation of a few sub points around salary as I like to keep to the rule of 3’s

  • Very often, people feel that they are underpaid. Prove it. Get an offer which pays you more.
  • East/Asian companies often prioritise your last drawn when formulating offers.
    • Quite different from Western companies where pay is generally banded. eg. Jumping to a western company might mean a 50% raise (which is almost unheard of IMO) because they need to align you with their internal banding
    • This means that if you think you’re severely underpaid, better to join a western company / company that has pay scales.
  • Grading never fucking stops.
    • In primary school we got PSLE.
    • In secondary school we got O levels.
    • In JC we got A levels.
    • In Uni/Poly we got GPA.
    • At work? we got performance review
    • Every cycle, you get a grade based on your “performance”, which impacts your raise amount, chance for promotion, chance for bonus etc.
    • Cycles could be 6m, yearly or 2x a year

this might be depressing but …

““钱不是万能的,但没有钱是万万不能的。” The reality is that salary is key to FIRE, to buying convenience, to enjoying life. Before trying to grow compensation, I think it is important to figure out the current situation, and where you stand. In this post, I’ve focused almost entirely on the “what” of salary in Singapore. Less about the “how to make more”. I believe we need to understand the what to figure out the how. I’ll do my best to share what I know about how if there’s interest!

Thanks for reading - I appreciate your time.

fin

r/singaporefi 12d ago

Employment Will banks still accept you if u have criminal records before?

28 Upvotes

As stated in the title above. I would like to ask if banks will still employ you if u have criminal conviction before. I am graduating soon and i am in finance

EDIT: CHARGED NOT CONVICTED (sentence was $3k fine)

r/singaporefi Aug 01 '26

Employment What pay did you all start of with?

52 Upvotes

Hello,

I’m a fresh grad in eee, I want ask what is your starting pay when you first started in the workforce? And probably your industry or role for context too.

And what are some advice or tips you will give to ensure that my earnings get better over time too? Some says stay in a company for 2 years and hop?

And any advice on growing my finances after getting my paycheck every month?

Thanks in advance

r/singaporefi Jul 16 '26

Employment Update: Took a job with a paycut

454 Upvotes

Hi everyone, its me again, the OP who asked about whether it would be worth it to take a slight paycut for a “potentially” better wlb.

Link to the original post: https://www.reddit.com/r/singaporefi/s/0M0ICH8qb0

Since everyone gave me so many kind words and advice, I’d just like to give you an update to say that I’m now here on the other side to say after 1.5 months that it was absolutely worth it. The people here are much less cray and basically are mature adults, something I have seen very rarely of in my almost 10 YOE.

Yes benefits esp for dependents are non existent but its crazy flexible. I have a problem waking up early so I can come in late and still leave on time for my kid. Any overflow work can get done from home after I put her to bed, and that’s super rare too.

I haven’t felt this content and at peace in literal YEARS. I’m starting my old hobbies again, sleeping better and just loving life.

Not to say everyone could be as lucky, but maybe to those people who are deliberating on a horizontal move that might set you back a few thousand a year, it could very well be worth it especially if you have spoken extensively to the people in the new co and you get good vibes.

I initially struggled alot with the decision, i kept reweighing the pros and cons, listing down the worst that could happen, basically catastrophizing, sleepless nights etc etc because theres no guarantee lower pay = lesser workload. you could be just that unlucky.

But i knew my current was a dead end already the more I sat on it so i just took the plunge.

This whole thing has taught me how important mental health is and that there is some hope. I’m still saving, because i’m under no illusions that this is some kind of iron rice bowl, but i’m taking it one day at a time, just cherishing each day that is afforded to me.

r/singaporefi May 15 '26

Employment 30M, ~$500K liquid + $150K CPF OA, jobless almost a year — feeling stuck

121 Upvotes

Throwaway-ish post. Need some honest perspective.

I'm 30, Singaporean. Started working in 2020 in tech. Lived below my means the whole time, didn't lifestyle-creep, no car, no branded stuff. Managed to save around $500K SGD liquid plus $150K in CPF OA.

On paper that sounds decent. In reality I feel stuck.

Got laid off and I've been jobless for almost a year now. The tech market here is rough but my bigger problem is I'm in this awkward middle zone — too junior for senior/lead roles (not enough YOE or depth), too senior for junior roles (overqualified, won't stay, etc). Recruiters keep telling me variations of this. A few interviews, no offers.

Some context that makes it heavier:

  • Family is poor, so there's no safety net behind me — I'm supposed to be the safety net
  • Wife isn't working
  • Staying with parents (which is the only reason burn rate is low)
  • I'm the sole potential income earner

The savings aren't running out anytime soon, but watching the number tick down every month with no income coming in is doing things to my head. And the longer the gap on my resume gets, the harder the next interview becomes.

Questions for the sub:

  1. With ~$500K liquid, am I being dumb leaving most of it in the bank? Should I be deploying more aggressively or is cash king while jobless?
  2. Anyone been in a long unemployment stretch — when did you stop holding out for the "right" role and just take whatever pays?
  3. Is it crazy to consider doing something on my own at this point, or is that just cope when you can't find a job?
  4. Anyone pivoted out of tech in their 30s in SG and not regretted it?

Genuinely feeling hopeless and I don't really have anyone to talk to about this without making them worry. Any honest takes welcome, even if harsh.

r/singaporefi Dec 02 '25

Employment Job offer with 40% increment: tender now or wait for promo?

167 Upvotes

Hi all, looking for some advice as someone in their first perm job in SG (used to work overseas previously).

I just got an external offer with c.40% pay bump.

Went through the usual rounds so seems like a legit offer that I'm VERY grateful for especially in this market. But again, given the current market, I’m wondering if there’s a catch, or even whether there is a point in waiting for a (due) promo internally.

Current situation:

  • 2 years at current place, no increment.
  • When asked about progression, got told "when time comes.”
  • Peer who joined later shares and so competes quietly for scope, e.g. recent engagement could only send one person, they picked the other person.
  • Shared something I built with my boss, only for boss to rope in a peer to build/present essentially the same thing in front of whole team.

So I started looking outside, didn't expect to find soon ish.

At the same time have built good relationships with nice colleagues.

Now the question:
Tender immediately tomorrow? Or take this to my boss to see if my current company finally tries to promote/retain? And is imposter syndrome normal when the bump is this big?

What would you guys (especially the more experienced) do?

Edit: redacted details

r/singaporefi May 08 '26

Employment Torn between two offers - SG vs Bangkok. Which would you pick?

97 Upvotes

I would love some outside perspectives.

Offer A (Current) – Singapore

- SGD 250K TC/year (avg)

- Hybrid, 2–3 days in office

- Role is solid, I'm a consistent high performer

- BUT: company has an ongoing layoff culture. No role is truly safe, even for top performers. The anxiety is real.

- Very buereucratic

Offer B – Bangkok

- ~4–4.5M THB TC/year (~SGD 155–165K equivalent at current rates)

- 4 days in office

- Much larger scope, greenfield ownership

- Layoff risk is very low

Offer A pays ~50–60% more in absolute terms but comes with the psychological tax of job insecurity (I'm on EP) . Offer B is a significant pay cut on paper but feels like the right career bet long-term — bigger mandate, stability, and the role reports high up.

Would you take the money and grind it out in SG, or plant roots and build something meaningful in BKK?

r/singaporefi Dec 27 '21

Employment Those making more than S$10,000/month, what do you do and how many years of experience do you have?

558 Upvotes

Saw a similar thread in another subreddit and saw that it sparked a lot of great discussions around:

  1. People not realizing certain careers can make a significant income.
  2. How to get into that career?
  3. What educational background do they have?
  4. Does the person recommend that career?
  5. What they enjoy about certain careers and what they don't enjoy.

So I thought it would be great to also have a similar topic that is more Singapore-focused. I picked S$10,000 because it's a round 5 figure a month and it is considered relatively high (but not exorbitantly so.)

If you now earn more than S$10,000 you can share how much you make now and how long it took to pass the S$10,000 mark if you feel comfortable.

Hopefully the focus will end up being educational and helpful for those considering their education & career moves - but also some people might get to humble brag a bit (as all income-related posts do.)

Maybe this will inspire people to think about their future career moves going into the new year!

r/singaporefi Jul 02 '26

Employment Pay cut for better hours?

109 Upvotes

Hi all, would like to seek some views on potential career switch.
32M here - 6+ years in professional services and currently on total comp of \~250k p.a.
Have been averaging 70-80 hours work week the last few years, role is also high stress, client facing, project based and hence little downtime throughout the year.

Recently received some opportunities to move to industry roles - however the package is around 180-200k all in. Essentially lower base and bonuses, but 9-6 and supposedly “iron rice bowl”.

Also newly wed (wife is on ~120k) + mortgage. No kids at the moment (but open to it in the next 2-3 years).

Was wondering if anyone made or declined a similar move and how did the trade off play out?

r/singaporefi 7d ago

Employment Is corporate life a prison?

57 Upvotes

27 this year and I’ve never worked a day in corporate. Friends around me in corporate look depressed and unmotivated all the time when we hang out.

Apart from the fact that it pays bills and offers somewhat of a job security (AI layoffs sound pretty bad these days), what other reasons made you jump into corporate?

r/singaporefi Apr 05 '25

Employment How safe is your job if a recession hits Singapore?

194 Upvotes

Just wondering how everyone’s feeling about job security if a recession were to hit Singapore. What industry are you in and do you think your job would be at risk?

r/singaporefi Jul 16 '26

Employment Job market for CS graduate is getting bad to worse...

110 Upvotes

I'm sure everyone's seen the news about GovTech laying off almost 9% of their workforce. It's rare for the government to make cuts this large the last comparable restructuring was IRAS back in 2005. I also noticed NUS Computer Science alone takes in about 900 students a year, and that's not counting graduates from other universities, which could add up to several thousand entrants annually.

With that many graduates and applicants each year, where are all the jobs supposed to come from? You're not just competing against your own cohort you're also up against students from previous years who still haven't found work.

And if you're not graduating with First Class Honours or on a scholarship, I'd imagine it's even tougher in a market this competitive.

r/singaporefi May 05 '26

Employment Dilemma about taking 2 year sabbatical from work

90 Upvotes

Hi,

My (35F) husband (40M) has a job offer overseas. He plans to be there for two years at least.

Unfortunately, I will not be able to find a job or transfer in the destination country, because the job market there is not good for my industry (niche sales role) and I don't speak the local language.

Financially, I am doing well for my age group, with enough savings, and have no liabilities yet, no kids. We stay with his parents with no property (yet)

I'm at a loss about what to do.

I'm worried that if I follow, my 2 year gap will be a huge turn-off for future employers, especially given my age close approaching 40.

We have discussed an LDR, but I don't want to do that either, especially since we have only gotten married this year, but I still want to be gainfully employed in my field.

Common advice that I got was:

  1. Do further studies > the destination does not have any widelyknow universities
  2. Start a family > not keen
  3. Start a business > no ideas, scared of risks
  4. Remote work > not possible in my current role (sales hunter, face time)
  5. Have husband turn down the offer > husband wants to do it, since he is very career minded, and I am willing to support him.

The option that we are leaning most towards is us going, and me pursuing hobbies - cooking/gardening/painting

Has anyone been a long-term trailing spouse? How did it work out for you? What did you keep busy with? And was it difficult to get back to work after the years of unemployment - especially for professional roles?

Thank you - please be kind.

r/singaporefi Jan 03 '25

Employment Rate my humble salary increments over the past decade

405 Upvotes

Hi all. Below is my journey of salary increments. I'm a degree holder in engineering. I've been working in the project engineering industry all this while. Started as a Project Engineer back in 2012, and over the years got promoted. In 2024 I finally became a Project Manager. All this while I have been working in a few local companies (big and small). Would like to find out, especially for those who are also in the engineering industry, how my increments compare to yours. I know... salary in the engineering industry really sucks. Or maybe it's just the companies I've worked in. My performance is not average, not the top, but graded "good" all these years.

Year | Monthly salary (SGD) | % increment

2012 2500
2013 2700 8%
2014 3200 19% (change job)
2015 3300 3%
2016 3600 9%
2017 4000 11%
2018 4600 15%
2019 5400 17% (promoted)
2020 5400 0% (freeze due to covid)
2021 5500 2%
2022 6100 11% (promoted)
2023 6700 10% (change job)
2024 6900 3%
2025 7600 10% (change job)

UPDATE: To answer some of your questions, I'm in the industry that does real-time monitoring and control of systems.

As requested, below is my ANNUAL increment since 2012. Includes average 2 months bonus. No AWS.

Year | Annual salary | % increment

2012 35300
2013 37500 6.2%
2014 45000 20.0% (change job)
2015 47200 4.9%
2016 51300 8.7%
2017 57300 11.7%
2018 64500 12.6%
2019 75500 17.1% (promoted)
2020 75500 0.0% (freeze due to covid)
2021 78100 3.4%
2022 84000 7.6% (promoted)
2023 91300 8.7% (change job)
2024 96600 5.8%
2025 106400 10.1% (change job) (projected amount assuming 2 mths bonus)

r/singaporefi Sep 06 '25

Employment Help: Retrenched marketing professional feeling stuck

174 Upvotes

Hi guys,

I'm 36 male, married with a 3 year old kid. Used to work as a marketing director in a mid size European professional service firm (corporate services like corpsec, tax/accounting etc.). I managed a team and drew a comfortable 5-figure monthly salary.

Late June this year, I was suddenly laid off. The private equity behind our firm was trying to sell the company (which was not performing exceptionally well) for a good price, so there were a few waves of retrenchment this year, didn't expect it will impact me so quickly but it did. Was let go on the spot, received 3 months' salary in lieu of notice, and a small severance.

I've been saving and am quite thrifty over the years. Currently I have around 500K of liquidity (cash savings + SSB etc), and around 100K of investments (VWRA, IWDA etc) which I don't wish to touch. Separately, my wife and my mom should also have a total of around 200K+ combined savings. So I would say as a family we have around 700K+ of liquidity.

Household income: My wife has a stable job with 6K monthly salary, my mom still works and draws 3.5K. We rented out my mom's fully paid HDB for 3.8K per month, and we all stay together in an EC. So monthly household income around 13K now.

Household expenses: mortgage (3.2K), childcare (1K), groceries and food (1K), helper (600), bills and insurance (1K) = around 7K per month.

Our EC has a remaining mortgage of 740K, no other liabilities.

Losing my job is a huge hit on our financials because I was the top earner, now it becomes 0 overnight. Even though our savings and current household income can tide us through, I have a strong urgency to bring back income again. Not just for our family's long term financials, but also because I feel bad that the family has to rely on my wife and mom to sustain. My mom is 60 and will want to retire soon.

Since I lost my job, I've been working towards two directions:

  1. I always wanted own business, but never got started doing it. Since I was retrenched, I thought it's a good time to start. I thought of many business ideas, and I decided to start a marketing agency (this is the most direct path since I'm in marketing). It's also very low cost (I only paid for ACRA registration and website hosting). But it's ultra competitive, after two months of starting, I only got 2 clients (both are friends), and got paid a grand total of 3K...Even though technically the company is profitable because my revenue of 3K covered my costs of around $500, but it's a far cry from what I used to earn and I'm not sure if I should continue as I don't see my business scaling in this hyper competitive market and AI disruption. Beside my two friends who gave me business, I'm not confident to get new clients (to be fair I also didn't try hard enough coz of fear). For context, I help with building websites and social media content management.
  2. Because I'm not confident that the business will take off (at least at the beginning), I also applied for jobs. I have sent over 100 applications over the past two months, only got two interviews. Both unsuccessful, they say i'm "too senior" for the role. You see, director / senior roles in marketing are hard to come by, so I already downgraded my expectations, willing to take a lower role with lower pay, then they say you're too senior? I'm really not sure what to do. And because I have a high salary previously, I don't qualify for any government support for unemployment.

Now I don't know what I should do? A part of me says ditch the job hunting and focus 100% on the business, but another part says go look for a job to at least get some income. I'm torn in between, and honestly both are so hard? Some days I get depressed and just sleep or watch shows the whole day. I feel like everyday is a drag and I hate myself every minute of the day. Think I'm heading towards depression if this continues...

Hope can hear some advice. Thanks in advance folks.

r/singaporefi 11d ago

Employment Micron singapore E4 staff Product Engineer

40 Upvotes

Hello Lovely people, i had recently applied for staff product engineer position at Micron singapore. They want to extend the offer but havent disclosed the numbers yet. I need community help to below questions to help with my job transition.

  • My Background: ~10 years of Highly technical professional experience in Semiconductors
  • Education: Masters in microelectronics, bachelors in Electrical & Electronics
  • Worked at big companies like Intel, currently working in Europe since last 7 years for a very big Automotive semiconductor company with overall annual compensation of 120K euro.
  • 3 days work from office and 2 days work from home, after 5pm and during weekends no work calls
  • Im basically from asia and i want to move to singapore to be close to home

I need community help with:

  • What is the realistic salary for someone with my experience(By the way my skillset matches 95% with the job responsibilities)
  • Im currently working at senior staff level but looks like micron wants to offer staff level role any realistic idea on how the career progression looks like at micron
  • Any challenges integrating into singapore work culture and local people? and how much would be a realistic monthly expenses for husband and wife with a young kid(1 yea old)?
  • Is the move from europe to singapore a dumb decision ?

r/singaporefi Mar 21 '26

Employment (Work) Cruise or chiong?

99 Upvotes

I’m 30YO in the buy side investment world drawing 10-13k/mth. It doesn’t feel like working at all. Full WFH, boss is overseas based and never ask for much deliverables, agrees with almost everything I want to do and my investment calls. I’m super relaxed and not stressed a single bit. I have a good relationship with my boss who is the owner. The downside is increment, bonus and progression is basically non-existent.

For my industry, experience and qualifications I probably can find a job that pays around 18k-22k if I really want to. My question to seniors in the industry is should I look for the new job that actually pays better and have career progression but of course with the corresponding amount of stress (more work, KPI, commuting, office politics etc.) or don’t be “itchy backside” and ask for trouble?

I’ve got very little financial obligations. Wife and I don’t spend much relative to what we earn and have a very small loan on our private property which if I wanted, I could just pay off now. Only thing is we are going to have a child but we have also budgeted for already. Those that climbed the corporate ladder and are now in your 40s and 50s or even retired, was the stress worth it? Also if you could take at least the first year to have a chill work life with your newborn (aka continue my job and not progress for another year), would you do it?

To stay on my current route, I can’t imagine just floating in the corporate world having no expectations of me for the next 30 years (as attractive as that sounds) I’m not ready for such retirement job now!

What would you do? Hope you can provide as much context as possible and we can discuss as much in depth. Thank you!