Benchmark your pay by age group - Forums Forums  

Go Back Forums > The Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries

Benchmark your pay by age group

Thread Tools
  #1 (permalink)  
Old 20-08-2007, 01:27 PM
Posts: n/a
Default Benchmark your pay by age group

Comparing your income with all tax payers may not be ideal. Wouldn't it be nice if you can benchmark your monthly salary against people in your age group? Aha, here's the tool to do it:

Again, I took some data from MOM, this time from Report on Labour Force in Singapore 2006 which was released in January 2007.

What's good about the aforementioned MOM report is that is that wage data is available in 2 dimensions - age group and wage level. What's not so good is perhaps the wage data is compiled by a survey - the type which requires respondents to answer questionnaires (as opposed to just getting data from highly trusted sources like CPF and IRAS).

Here's the graph of gross monthly income against percentile for each age group:

Reply With Quote
  #2 (permalink)  
Old 02-09-2007, 11:46 PM
Sarah Tan---
Posts: n/a
Default 375

I like this benchmarking tool. It's interesting to see that my salary will drop by 20 percentile if I move into the next age group, so I guess I need to buck up and earn more.

Reply With Quote
  #3 (permalink)  
Old 24-09-2007, 10:05 AM
Jan Goh---
Posts: n/a
Default 413

Not sure if they considered the difference in education level in this survey. Blue collar worker and managers, for example, would have different expectation of pay.

There should be two sets of data - executives & non-executives.

Reply With Quote
  #4 (permalink)  
Old 24-09-2007, 10:40 AM
Anthony Tay---
Posts: n/a
Default 414

Engineers in MNC are paid more than Managers in local companies. Anyway, I normally ignore comparison with the top 10% as they are the income non-limiting professions, such as traders and brokers.
Reply With Quote
  #5 (permalink)  
Old 11-01-2008, 12:15 AM
Posts: n/a
Default 732

Hi, I think this graph is really great!!Appreciate the effort there!

Would it be possible if we can have a 2008 version of this? Given the recent salary hikes, would be good if we can have an up-to-date comparison. Hope you're acceed to the request. Many thanks again for your time!
Reply With Quote
  #6 (permalink)  
Old 03-02-2008, 09:17 PM
Posts: n/a
Default 811

Not too sure how accurate this benchmark is but most of the people i know or worked with are already way up in the top 5% income earners going by this survey. Somehow i feel that in reality the income level should be higher. If not, how can there be so many people buying up all the private properties despite current price levels??
Reply With Quote

  #7 (permalink)  
Old 04-02-2008, 09:10 PM
Posts: n/a
Default 819

Keito, funny that some people are commenting these official surveys are painting too rosy a picture (see: ), and yet some like yourself are saying the reported numbers seem low!
Well, to try to answer your question, maybe the people buying properties are wealthy foreigners, rich expats, or high-income couples earning >$10,000/mth who borrowed heavily (a loan of $1m repayable over 30 years at 5% pa requires a monthly installment of $5,400 which is not beyond their reach).
Reply With Quote
  #8 (permalink)  
Old 10-02-2008, 10:26 PM
Posts: n/a
Default 834

useful tool. thanks.
Reply With Quote
  #9 (permalink)  
Old 25-02-2008, 08:16 PM
Posts: n/a
Default 943


im 28 tis year, in media advertising as media director, earning $8,000 / month BASIC.

so in what projectile am i , admin? thks for replying..

SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android

SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go

SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #10 (permalink)  
Old 26-02-2008, 09:12 PM
Posts: n/a
Default 952

winston, you can use the calculator above, or the latest one here:
Reply With Quote


« Previous Thread | Next Thread »

Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate Net Worth and Benchmark It Investments and Net Worth 15 20-06-2013 02:58 PM
Salary benchmark for ministers Income and Jobs 2 25-09-2008 03:55 PM
Median income by age group Income and Jobs 0 14-08-2007 12:54 PM
IT salary benchmark Income and Jobs 0 09-05-2007 03:39 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
2,873 Replies, 909,222 Views
Shell TDP ( 1 2 3... Last Page)
80 Replies, 14,406 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
48 Replies, 26,222 Views
Working in a bank ( 1 2 3... Last Page)
503 Replies, 250,371 Views
Should I pursue a Masters in...
0 Replies, 15 Views
Mid-Year Civil Servant Bonus 2018
1 Replies, 256 Views
Secondary School Ranking 2017
2 Replies, 4,941 Views
What makes Investment-Linked...
5 Replies, 5,561 Views
teaching English as a career
1 Replies, 300 Views
List of Management Associate... ( 1 2 3... Last Page)
174 Replies, 81,234 Views
Job Application with MOE... ( 1 2 3... Last Page)
159 Replies, 115,585 Views
How rich/poor am I compared to... ( 1 2 3... Last Page)
41 Replies, 21,365 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
161 Replies, 108,530 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
928 Replies, 642,542 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,201 Replies, 322,354 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
968 Replies, 407,292 Views
IRAS salary?
1 Replies, 428 Views
Really that bad for engineers? ( 1 2 3... Last Page)
1,212 Replies, 739,385 Views
Cambridge Associates ( 1 2 3... Last Page)
37 Replies, 16,072 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,297 Replies, 252,162 Views
Advice needed for a 30 yo male... ( 1 2 3... Last Page)
41 Replies, 7,037 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
38 Replies, 24,392 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
1,875 Replies, 1,109,178 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
1,736 Replies, 564,854 Views
Compare civil service salary ( 1 2 3... Last Page)
6,995 Replies, 3,702,465 Views
Career as Teacher ( 1 2 3... Last Page)
1,041 Replies, 742,966 Views
Anyone worked in singhealth/nhg? ( 1 2 3... Last Page)
43 Replies, 45,127 Views
How is life as a doctor in... ( 1 2 3... Last Page)
275 Replies, 489,908 Views
Powered by vBadvanced CMPS v3.2.2

All times are GMT +8. The time now is 10:36 PM.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2