Income for IT Professionals

[sudoku]

Dear Members,

Could you please share your experience about the average salary of experienced IT professionals in Singapore. What should a person with below experience get in Singapore ?

Degree- Engineering (IT)
Experience - 6.8 Years


Thanks

Tough to answer without knowing the responsibilities.

[sudoku]

Thanks for the reply. By profession, I'm an Oracle Database Administrator working in a MNC. My job is to administrator and manage databases and make sure they are available 24*7 a year. I'm also certified in Oracle 9i and 10g.

Please reply. Let me know if more information is required.

If you're in a technology MNC company, such experience should have a base salary range of 6-7k and that should exclude your after hours allowance.

[boongaylim]

Originally Posted by Unregistered

If you're in a technology MNC company, such experience should have a base salary range of 6-7k and that should exclude your after hours allowance.

No single person can execute the responsibilities you mention. There must be a team. If you become the team-lead, your salary will jump to 10k SGD per month, plus bonus.

1 year experience as IT support in a US conglomerate.
- 3000 basic
- take home 2400
- 13th month pay

Business analyst 7200$/month

Senior VP in Banking Technology

$280K on average, 15 years experience

Originally Posted by Unregistered

Senior VP in Banking Technology

$280K on average, 15 years experience

That is very good. Congrats on your achievement. I suppose you are around 40 years old, or thereabout.

Do you think your annual compensation will continue to go up in the same trajectory to, say, $500k in another 10 years and to $800k by age 60? Or do you think you are already near the so called "plateau"?

Thanks for sharing.

Originally Posted by Unregistered

That is very good. Congrats on your achievement. I suppose you are around 40 years old, or thereabout.

Do you think your annual compensation will continue to go up in the same trajectory to, say, $500k in another 10 years and to $800k by age 60? Or do you think you are already near the so called "plateau"?

Thanks for sharing.

Yes, i will turn 40 in a year's time. $350K is probably the plateau, which i am fine with. If i continue to save and invest, it is sufficient to build up a decent retirement fund. our net worth is currently $2.8M, with continued savings and investment returns for the next 15 years, we should be able to reach $5.5M when i am 53.