Highest paying jobs
 

You can find in today's Straits Times a list of the top 5% highest paying jobs. The list, which is based on a Manpower Ministry's report, is not very different from what I posted in my last year's top 100 jobs post.

Here's the list (the figures are median monthly gross wages*):
* The wages consist of only basic and gross monthly wages, and exclude bonuses and profit sharing.

Report on Wages in Singapore 2006

http://www.salary.sg/2007/highest-paying-jobs/

328
 

Many are claiming their income higher than the real thing? What is the standard deviation of the mean?

329
 

Masindi, the figures were extracted from CPF. I do not have any info on s.d., but I think it can be calculated. I should do that one day.

1520
 

This list is crazy - missed out so many other jobs

4692
 

This list has missed out jobs like Pilots,Teachers and so many other high paying jobs.... this is misleading for foreigners.

salary
 

how about car sales man :D

Alamak! My job's pay moved from "Securities dealer and broker" to become "Technical manager" due to Lehmann crisis... Arghhh...

5% highest paying jobs? How come Scholar's superscale SR9 not inside? Hmm... maybe they are (immortal) out of the (mortal) bell curve...

This survey is not accurate at all. Occupation like pilots, management consultants, investment bankers, are not in the list. I am quite sure that there are alot of surgeons, lawyers, bankers and traders that make much more than just $12750. Else how can they afford those expensive cars like lamborghini, ferrari, porsche, maserati, BMW and merz with just $12750.

A good example will be this private banker, I don't think even with a monthly salary of $20k can afford a lamborghini, Porsche Carrera and BMW M5.

The fast and the modest?



Rubbish!

not very accurate
 

i am IT consultant & drawing same pay as a managing director.... how can it be?

Well, the average income in Singapore is about 3k. How is it possible that people can afford to buy cars, LVs and condos? That's because 3k is the average. At one end of the spectrum, you have people living in extreme poverty. At the other end, you have the super rich who buy lamborghs.

Similarly, the list above is just a list of professions that are sampled by the ministry. And the quoted earnings are median earnings. In case you've forgotten your maths, "median" means "in the middle". If you line up 100 specialised surgeons by their pay, the middle one will earn that $12,750 quoted. The best one may earn 1 mio or more, like those plastic surgeons and heart surgeons. And they are the ones who drive the lamborghs.

When you don't know what you're talking about, anything is rubbish to you.

IT people should be logical people good in maths, stats and such. I shudder to read statements like the quoted coming from an "IT consultant".

So, if I'm a freelancer making the same pay as a doctor - is it possible? Of course it's possible, because I may be a top earning freelancer and the doctor is just an average doctor. And serious, lots of freelancers make more than me.

Similarly, above-average engineers, consultants and even teachers can earn what an average / median "managing director" earns.

Btw, is it true that consultants "con" and insult? If I know of one consultant who broke the law and went to jail, does it mean all consultants are criminals? :)

why not?

But i don't think you deserve the pay as you are stupid.

Don't like that lah... our Minister for National Development holds a master in Engineering but also can't count for nuts. Always saying there are enough flats and they are afforable... :D

er... but he's making many millions more than us!

You are right. This list only shows the average. Top lawyers with 15 years and above experience (whether litigation, corporate, real estate, etc) make anything between S$60k to 150k per month. I am discounting those top 100 or so Singapore lawyers who make upwards of S$200k per month. Same with top accountants. Bankers? Even more! Top surgeons and other specialists can easily make S$200k to S$1m a month. But you're talking here about the top 3-5% of each profession.

And you're right. No one can afford a Ferrari or Lamborghini (even second or third hand ones) with S$20k per month. You're looking at at least S$100k per month before you even think about exoticars. Unless, of course, you choose to own and stay in one small cheap condo and spend all your money on the car! These cars are not cheap to maintain (service, petrol, insurance, road tax, etc) and you need at least another car because you don't really drive these cars to work (although I know of a few who do). And you don't want one of your cars to be a Lambo and the other to be an Altis right? So, a Lambo/Ferrari plus a Cayenne/Range Rover Sport/M3/M5/C63AMG/7-series/S-class, etc. Go calculate the maintenance on the cars alone! And you don't want to be staying in Sengkang with your Ferrari/7-series right? So, que the condo in Ardmore/Orchard/Sentosa Cove/Marina Bay area, the bungalow in Bukit Timah, etc? And you cannot be wearing your Seiko driving your Aston right? So, in comes the AP Royal Oak Offshore, Pateks, Lange, etc. And so on and so on ...

Of course, you can just be a motor head and plonk all your money on a used Ferrari/Lambo. In which case, you probably still need to earn at least S$30-40k month!

I don't even need to check the charts to know bankers and traders are still the best paid ;).

Maybe if he graduated 10 years ago ;). IT has long replaced Arts & Social as dumping ground.