Industries with Highest Proportion Earning 5-Figure Monthly Income

#1 (**permalink**) 13-02-2008, 08:47 PM

Which are the industries that pay the highest monthly salaries?

In this post, we'll look specifically at the industries that has the highest proportion of employees making $10k or more in monthly income.

The results are derived from recently released data from MOM.

At number 1, we have "Financial & Insurance Services". A whopping 17.3% of employed residents working in this industry are making $10,000 & over in gross monthly income. The income includes all bonuses.

In contrast, the proportion of such high earners across all industries is only 4.7%.

At number 2, we have "Professional, Scientific & Technical Services". But only 10.4% here are making 5-figure salaries a month.

Coming in close at number 3 is "Information & Communications", with 10.0% making $10k+ per month.

There you have it. The top 3 industries.

Does it mean that if you're in these industries, you'll have a higher chance of making $10k+? You think so? ...

See also my post on top paying industry half a year ago.

Reference: Statistical Table 58, Report on Labour Force in Singapore 2007, Ministry of Manpower (link)

http://www.salary.sg/2008/industries...onthly-income/

#2 (**permalink**) 18-02-2008, 09:55 PM

Hi, could you elaborate further on "Professional, Scientific & Technical Services"? Any examples?

#3 (**permalink**) 18-02-2008, 11:11 PM

little, these are my examples: accountant, HR consultant, and research analyst.
See the following for more examples:
http://www.singstat.gov.sg/statsres/...c/sect%20N.pdf
On SingStat's SSIC2005 classification:
http://www.singstat.gov.sg/statsres/ssc/ssic2005.html

#4 (**permalink**) 18-02-2008, 11:28 PM

Thanks. That was a pretty quick reply! By the way if you don't mind me asking, what job & industry are you in?

#5 (**permalink**) 19-02-2008, 06:26 PM

To admin: IT engineer belongs to "Information & Communications" industry.

#6 (**permalink**) 19-02-2008, 10:02 PM

IT, yes, you are right.
little, let's just say I'm in the 3rd industry.
Thanks for your support.

#7 (**permalink**) 25-03-2008, 11:37 AM

I bet the Admin forgotten our local aviation industry as well.

RSAF and Airline pilots also rack in 5 figures salaries as well. With their company bonuses, They bring home high 6 figures annual packages as well.

#8 (**permalink**) 21-06-2008, 03:37 AM

Not forgetting that those pilots with the high salary get to travel around the world at the company expenses.... However, it is a high risk job so... what can we say...

chnrxn · #9 (**permalink**) 12-03-2011, 10:16 AM

Quote:

Originally Posted by Elia---

Not forgetting that those pilots with the high salary get to travel around the world at the company expenses.... However, it is a high risk job so... what can we say...

Haha ... they will tell you flying is statistically much lower risk than driving a vehicle on land!

I would say it is high responsibility.

Where else do you get two "drivers" (pilots) and have auto-pilot once you are up in the air? AND get pretty girls serving drinks to you. haha.

#10 (**permalink**) 12-03-2011, 05:02 PM

Quote:

Originally Posted by chnrxn

Haha ... they will tell you flying is statistically much lower risk than driving a vehicle on land!

I would say it is high responsibility.

Where else do you get two "drivers" (pilots) and have auto-pilot once you are up in the air? AND get pretty girls serving drinks to you. haha.

Oh yeah, and not forgetting those private 'induction programmes' for young nubile stewardesses.