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  #191 (permalink)  
Old 23-04-2021, 06:55 PM
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I have owned a car since my first working year when my starting salary was only ~$3000 per month.
Now $8416 per month is more than sufficient for me to continuing owning a car.

Of course, I choose to stay in a HDB 5-room which I think is already sufficient. I do not see the necessity to stay in a condo.
I am making 230k and I dont have a car. Car is a bad investment in Singapore, I would rather retire 5 years sooner.

I save 85% of my earnings now. If my investment is doing well, I should be able to retire before 40.



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  #192 (permalink)  
Old 23-04-2021, 08:15 PM
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thanks for both the reply ^

and can i ask making the switch to finance say commodity analyst/trader is possible after a few years as a process eng?
As a chemical engineer in one of the biggest company in the energy sector, I would advice anybody who is considering this career path to think twice before going down this route.

Unless you are the garang type (likes to OT, not much social life), there are better financial
pursuits elsewhere in other industries. Yes, chemical engineers can pay well, but it also involves much more sweat than say the financial sector.

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  #193 (permalink)  
Old 23-04-2021, 08:21 PM
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Yup. Same here, private sector engineering is like this. My starting basic $3k, now $3.2k Every year just wait for $50 to $100 AI. Maybe someday will reach $4k.
I would have thought that civil engineering had a higher pay..last i checked they had the highest starting pay for engineering. But from friends who are in the sector, the work is mundane and hard work. Good luck anyone who is in there.

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  #194 (permalink)  
Old 23-04-2021, 10:09 PM
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Same, second year engineer making almost 95k.
Do you like your job?


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  #195 (permalink)  
Old 24-04-2021, 12:21 PM
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Do you like your job?
as a third year engineer working in a statboard, earning approx 90k a year. Nope I donít like my job but it pays the bills.
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  #196 (permalink)  
Old 24-04-2021, 02:18 PM
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Same, second year engineer making almost 95k.
what industry and what engineer role?
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  #197 (permalink)  
Old 24-04-2021, 09:35 PM
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Same, second year engineer making almost 95k.
It is really decent income. At your age group, you should be top 10%.
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  #198 (permalink)  
Old 24-04-2021, 11:12 PM
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Not to burst anyone's bubble, but I'm an engineer in my 2nd year at a statboard making close to 90K per annum including AWS and bonuses. My work is not fulfilling as I don't do real engineering, but I'm scared to venture outside given statistics like this.
sound like from DSTA or DSO
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  #199 (permalink)  
Old 24-04-2021, 11:15 PM
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I am making 230k and I dont have a car. Car is a bad investment in Singapore, I would rather retire 5 years sooner.

I save 85% of my earnings now. If my investment is doing well, I should be able to retire before 40.
how to earn 230k as an engineer and yet before 40age?
which engineering industry
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  #200 (permalink)  
Old 25-04-2021, 12:49 PM
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Anyone knows what are the high paying jobs for EEE grad? Or is it best for engineer to work for govt?
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