Professionals and Managers - Is Your Pay above the Median?

middleclass and puzzled, no worries, no offence taken.

I did say that i only know two who are earning that amount, which includes bonuses monthly. One studied in Columbia, an Ivy League college and the other studied in MIT. Both are Singaporean male. Hope that helps. They make more money than any doctor or lawyer in Singapore.

I am considered a super low income earner farmer compared to them. Sigh.

puzzled, entry level consultant pay of $10k monthly salary includes bonuses. In simpler words, it means their annual package is $120k, they take that figure and divide by 12 and tell you their monthly salary is $10k.

From what I was told by consultants, $100k pa is a more accurate figure.

The salary of the 27 year old people I know is also using this same calculation.

One way to make more money is to stop comparing with people who makes less than you. Compare and make good friends with those people making $20k, $50k, $100k or more per month. After some time, even if you don’t hit such figures, you will still find yourself making much more then you used too.

I find that by comparing with people who are skewed at one end of the bell curve favourably, I will feel bad about myself so I’d rather not. My friends are not consultants or investment banker.

I believe that entry level consultant pay is S$5k a month.

wonder why condos are so expensive. it appears everyone are buying one when they can barely afford it.

Hi pleased, so what do your 2 frens who make 10k/mth work as? Both are management consultants?

He has already answered in #23 and #26 that they’re not consultants.

Consultants’ entry pay before reaching principal is about $5k+ before bonus addition, and with bonus about S$80k a year, though some of them probably love to tell you otherwise and embellish their annual packages.

I am on the look out for high earners to hook up and marry.

Traders make a lot of $$..I find it funny when consultants think they’re in the same earning league as traders and Admin Officers.

traders get fired all the time. i suggest u hook up with AOs. they make millions, never get fired and bring u to le cordon bleu.

pleased: thanks for sharing.
I think it’s probably safe to say that these numbers from MOM reports are quite accurate for the masses.
However we know that there will always be exceptions.
I will not be surprised if there are some people in their 30’s or below earning $10k or even much more.
For me that’s the wonderful thing about internet that we can share such interesting information on how they made it.
However it’ll be pointless to try comparing yourself to these cases.
Some people are just in the right places, met the right people at the right time.
Others may just come with superior qualifications or job skills.

yea consultants make peanuts as compared to traders and AO. I am consultant too and I hooked up with a banker, and I dare say it’s barely enough to sustain our lifestyle.