High earners have engineering degrees - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Education and Personal Growth

Education and Personal Growth Schools, further studies, getting ready for employment, and motivation stuff




High earners have engineering degrees

Reply
 
Thread Tools
  #1 (permalink)  
Old 23-07-2007, 01:04 PM
Salary.sg
Guest
 
Posts: n/a
Default High earners have engineering degrees

Yes, it's not finance degrees. Most highly-paid senior executives actually did engineering for their first degrees, so said Business Times.

Among the best-paid executives in Straits Times Index companies, whose income ranges from $250k to $9m per year, 31% graduated with engineering degrees. The next largest group - at 22% - hold science degrees.

Notable engineers include:

- Keppel Corp executive chairman Lim Chee Onn. He holds a doctorate in engineering and made more than $7 million last year. (His first degree is a science degree.)
- Venture Corp chairman and CEO Wong Ngit Liong. He achieved first class honours in electrical engineering in University of Malaya. His income was more than $4 million for last year.
- Venture Corp executive directors Soo Eng Hiong and Tan Choon Huat, with engineering degrees from UK.
- SembCorp Marine group president and CEO Tan Kwi Kin.
- ST Engineering CEO Tan Pheng Hock.
- CapitaLand president and CEO Liew Mun Leong.
- Fraser & Neave chairman Michael Fam.
- Singapore Airlines CEO Chew Choon Seng.
- Genting International executive chairman Lim Kok Thay, with a degree in civil engineering from University of London.
- Keppel Land managing director Kevin Wong, with a civil engineering first class honours from the Imperial College.
- Singapore Press Holdings CEO Alan Chan.

I suppose investment bankers, lawyers and doctors don't feature prominently in the list simply due to the nature of their professions and career paths.

For lawyers and doctors, they run private practices or set up partnerships. Bankers rise up to be well paid SVPs or set up boutique firms with partners. They still make millions. No need to be top brass in listed companies.

Moreover, we still need to consider the "success rate" of a typical engineering graduate, his median pay packet, and so on.

We have already seen that top engineers make far less than their counterparts in other professions.

For every successful engineer like Lim Chee Onn (who is now in business management rather than engineering), how many others continue to slog for a less-than-stellar pay? And compare this ratio with graduates of other disciplines.

Only then can we get a clearer picture.

http://www.salary.sg/2007/high-earne...ering-degrees/



SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS 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
  #2 (permalink)  
Old 20-01-2008, 01:11 PM
chem. eng. undergrad---
Guest
 
Posts: n/a
Default 758

well said. normal engineers career path is limited to principal engineer with the very good ones rising to department managers.
take note most company only got 1 or 2 engineering department managers.

of course if your performance is not that good you might see yourself stuck at senior engineer(approx $5000-$8000 for MNCs)

another way is go to technical consulting field.set up own firm be engineering consultant. This is more for chemical/civil engineering.Such consultants require immense experience = u should be having some white hair already? =)


conclusion being engineers (in MNCs) can provide a reasonable comfortable lifestyle, however do not expect salary of more than $10000/mth.(u want go investment banking.)
if u aim to be ceo then its a different story.

Reply With Quote
  #3 (permalink)  
Old 20-06-2009, 10:33 AM
Senior Member
 
Join Date: Jun 2009
Posts: 40
bjhchong is on a distinguished road
Default

Correct me if i am wrong:

From the list i see, can i conclude that these engineers eventually moved out of engineering into administration & business management?

Should us engineers be picking up business admin/management skillsets if we were to aspire to be like them?

Reply With Quote
  #4 (permalink)  
Old 20-06-2009, 11:24 AM
Verified Member
 
Join Date: Jun 2009
Posts: 12
davidtan is on a distinguished road
Default

You are right. To get ahead, you have to do business, or invest wisely.

On wise investments, it's not hard to do better than average given that the general population usually get trapped by things like unit trusts, structured products, and even timeshare schemes and MLM. But to do much better than average, you need good acumen and of course some luck.

Quote:
Originally Posted by bjhchong View Post
Correct me if i am wrong:

From the list i see, can i conclude that these engineers eventually moved out of engineering into administration & business management?

Should us engineers be picking up business admin/management skillsets if we were to aspire to be like them?
Reply With Quote
  #5 (permalink)  
Old 20-06-2009, 08:28 PM
Senior Member
 
Join Date: Jun 2009
Posts: 40
bjhchong is on a distinguished road
Default

David: What about real estate & rental? I believe it's sounder isn't it? Any tips on how to "fast track" on that?

btw, I believe you are the guru on investments in this forum
Reply With Quote
  #6 (permalink)  
Old 21-06-2009, 06:10 PM
Verified Member
 
Join Date: Jun 2009
Posts: 12
davidtan is on a distinguished road
Default

Quote:
Originally Posted by bjhchong View Post
David: What about real estate & rental? I believe it's sounder isn't it? Any tips on how to "fast track" on that?

btw, I believe you are the guru on investments in this forum
I prefer to trade shares. It's easier and quite exciting when markets are volatile like past 2 months and mid last year. I do have some investment properties, but they are quite boring as I only buy during property lulls, rent out, and sell when property becomes hot. Boring compared to stock trading.
Reply With Quote

  #7 (permalink)  
Old 21-06-2009, 06:54 PM
Senior Member
 
Join Date: Jun 2009
Posts: 40
bjhchong is on a distinguished road
Default

Grand Master Tan,

You Good lah, you... I'll burn backside trading shares...
Reply With Quote
  #8 (permalink)  
Old 22-06-2009, 09:52 AM
Senior Member
 
Join Date: Jun 2009
Posts: 67
quek is on a distinguished road
Default

Quote:
Originally Posted by bjhchong View Post
Grand Master Tan,

You Good lah, you... I'll burn backside trading shares...
Trading shares is not for the faint hearted. I believe many of us got burnt before. But I now believe in "trading" in a bigger cycle - buy at (or near) market lows and sell when you feel there's heat all around. Check out the "Market Cycle Investing" article:
Market Cycle Investing | Salary.sg - Your Salary in Singapore
Reply With Quote
  #9 (permalink)  
Old 23-06-2009, 06:08 PM
Verified Member
 
Join Date: Jun 2009
Posts: 12
davidtan is on a distinguished road
Default

He said it. Trading shares for the short term has its risks. For me, it's just a hobby to keep myself busy. I'm lucky to be profitable so far.
Reply With Quote
  #10 (permalink)  
Old 24-06-2009, 10:48 AM
Senior Member
 
Join Date: Jun 2009
Posts: 67
quek is on a distinguished road
Default

Quote:
Originally Posted by davidtan View Post
He said it. Trading shares for the short term has its risks. For me, it's just a hobby to keep myself busy. I'm lucky to be profitable so far.
Do you really have to be lucky in order to be profitable? I read something along that line in the book "Random Walk Down Wall Street", which suggests that people should buy and hold for medium term instead of buying and selling too frequently.
Reply With Quote
Reply

Bookmarks

« 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
Engineering and Technology Careers are Not Valued - Singapore is "High Cost Low Tech" Salary.sg Education and Personal Growth 204 25-05-2015 07:16 PM
Business Degrees Not In Demand Anymore Salary.sg Education and Personal Growth 26 14-05-2009 10:27 AM
High Earners In Civil Service Salary.sg Income and Jobs 29 28-04-2009 10:29 AM
High-income earners should donate 0.5% Salary.sg Income and Jobs 0 12-02-2007 09:22 PM

» 30 Recent Threads
ST Electronics ( 1 2 3... Last Page)
1,512 Replies, 356,057 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,766 Replies, 1,098,484 Views
Compare civil service salary ( 1 2 3... Last Page)
11,365 Replies, 6,386,005 Views
Lawyer Salary ( 1 2 3... Last Page)
10,224 Replies, 3,493,545 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
184 Replies, 53,129 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,185 Replies, 904,600 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
4,499 Replies, 1,446,288 Views
lazada/shopee fresh grad starting... ( 1 2)
10 Replies, 777 Views
Capgemini tester trainee ( 1 2 3... Last Page)
30 Replies, 1,361 Views
DBS tech seed programme ( 1 2 3... Last Page)
270 Replies, 54,008 Views
Career as Teacher ( 1 2 3... Last Page)
3,100 Replies, 1,960,839 Views
Hospital (Private or Public)... ( 1 2)
15 Replies, 8,026 Views
Programming and consullting
7 Replies, 1,310 Views
Cybersecurity Salaries in... ( 1 2)
11 Replies, 4,059 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
159 Replies, 36,621 Views
Work culture in IHiS ( 1 2 3... Last Page)
89 Replies, 95,045 Views
GovTech career grade ( 1 2 3... Last Page)
224 Replies, 202,455 Views
Job Application with MOE... ( 1 2 3... Last Page)
291 Replies, 250,657 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,772 Replies, 1,473,525 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
791 Replies, 410,860 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
614 Replies, 171,676 Views
JP Morgan ( 1 2 3... Last Page)
52 Replies, 30,040 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,892 Replies, 1,293,924 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,855 Replies, 330,823 Views
Pay for digital marketing agencies ( 1 2)
12 Replies, 4,307 Views
26 no degree is all hope lost?...
3 Replies, 286 Views
26 no degree is all hope lost?... ( 1 2 3... Last Page)
47 Replies, 1,789 Views
How to start a small business ( 1 2)
14 Replies, 3,974 Views
Dillema: University of Melbourne... ( 1 2 3... Last Page)
56 Replies, 2,134 Views
anyone working at NCS ? ( 1 2 3... Last Page)
485 Replies, 351,420 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:48 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2