Benchmark your pay by age group - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Benchmark your pay by age group

Reply
 
Thread Tools
  #1 (permalink)  
Old 20-08-2007, 01:27 PM
Salary.sg
Guest
 
Posts: n/a
Default Benchmark your pay by age group

Comparing your income with all tax payers may not be ideal. Wouldn't it be nice if you can benchmark your monthly salary against people in your age group? Aha, here's the tool to do it:



Again, I took some data from MOM, this time from Report on Labour Force in Singapore 2006 which was released in January 2007.

What's good about the aforementioned MOM report is that is that wage data is available in 2 dimensions - age group and wage level. What's not so good is perhaps the wage data is compiled by a survey - the type which requires respondents to answer questionnaires (as opposed to just getting data from highly trusted sources like CPF and IRAS).

Here's the graph of gross monthly income against percentile for each age group:



http://www.salary.sg/2007/benchmark-...-by-age-group/

Reply With Quote
  #2 (permalink)  
Old 02-09-2007, 11:46 PM
Sarah Tan---
Guest
 
Posts: n/a
Default 375

I like this benchmarking tool. It's interesting to see that my salary will drop by 20 percentile if I move into the next age group, so I guess I need to buck up and earn more.

Reply With Quote
  #3 (permalink)  
Old 24-09-2007, 10:05 AM
Jan Goh---
Guest
 
Posts: n/a
Default 413

Not sure if they considered the difference in education level in this survey. Blue collar worker and managers, for example, would have different expectation of pay.

There should be two sets of data - executives & non-executives.

Reply With Quote
  #4 (permalink)  
Old 24-09-2007, 10:40 AM
Anthony Tay---
Guest
 
Posts: n/a
Default 414

Engineers in MNC are paid more than Managers in local companies. Anyway, I normally ignore comparison with the top 10% as they are the income non-limiting professions, such as traders and brokers.
Reply With Quote
  #5 (permalink)  
Old 11-01-2008, 01:15 AM
Tan---
Guest
 
Posts: n/a
Default 732

Hi, I think this graph is really great!!Appreciate the effort there!

Would it be possible if we can have a 2008 version of this? Given the recent salary hikes, would be good if we can have an up-to-date comparison. Hope you're acceed to the request. Many thanks again for your time!
Reply With Quote
  #6 (permalink)  
Old 03-02-2008, 10:17 PM
Keito---
Guest
 
Posts: n/a
Default 811

Not too sure how accurate this benchmark is but most of the people i know or worked with are already way up in the top 5% income earners going by this survey. Somehow i feel that in reality the income level should be higher. If not, how can there be so many people buying up all the private properties despite current price levels??
Reply With Quote

  #7 (permalink)  
Old 04-02-2008, 10:10 PM
admin---
Guest
 
Posts: n/a
Default 819

Keito, funny that some people are commenting these official surveys are painting too rosy a picture (see: http://www.salary.sg/2008/degree-holder-is-your-income-above-the-median/#comments ), and yet some like yourself are saying the reported numbers seem low!
Well, to try to answer your question, maybe the people buying properties are wealthy foreigners, rich expats, or high-income couples earning >$10,000/mth who borrowed heavily (a loan of $1m repayable over 30 years at 5% pa requires a monthly installment of $5,400 which is not beyond their reach).
Reply With Quote
  #8 (permalink)  
Old 10-02-2008, 11:26 PM
Kelvin---
Guest
 
Posts: n/a
Default 834

useful tool. thanks.
Reply With Quote
  #9 (permalink)  
Old 25-02-2008, 09:16 PM
winston---
Guest
 
Posts: n/a
Default 943

hi,

im 28 tis year, in media advertising as media director, earning $8,000 / month BASIC.

so in what projectile am i , admin? thks for replying..
Reply With Quote
  #10 (permalink)  
Old 26-02-2008, 10:12 PM
admin---
Guest
 
Posts: n/a
Default 952

winston, you can use the calculator above, or the latest one here:
http://www.salary.sg/2008/compare-your-income-by-age-gender/
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
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 16 23-09-2023 10:41 PM
IT salary benchmark Salary.sg Income and Jobs 1 25-09-2021 07:25 PM
Median income by age group Salary.sg Income and Jobs 1 25-09-2021 07:24 PM
Salary benchmark for ministers Salary.sg Income and Jobs 2 25-09-2008 03:55 PM

» 30 Recent Threads
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,736 Replies, 1,003,437 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
14,613 Replies, 4,827,492 Views
DBS tech seed programme ( 1 2 3... Last Page)
3,739 Replies, 1,464,876 Views
Jobs with travel opportunities
6 Replies, 3,457 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,264 Replies, 733,779 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,720 Replies, 1,335,018 Views
Singapore Airlines ( 1 2)
16 Replies, 8,880 Views
Compare civil service salary ( 1 2 3... Last Page)
16,235 Replies, 12,257,429 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
618 Replies, 314,203 Views
Enterprise Singapore hiriing... ( 1 2 3... Last Page)
180 Replies, 221,393 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,066 Replies, 3,662,125 Views
ITE (lecturer) ( 1 2 3... Last Page)
275 Replies, 377,000 Views
GovTech ( 1 2 3... Last Page)
4,955 Replies, 2,081,471 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,983 Replies, 4,494,476 Views
Anyone work in JPM/GS/Morgan... ( 1 2 3... Last Page)
413 Replies, 154,802 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,052 Replies, 2,230,664 Views
ST Electronics ( 1 2 3... Last Page)
3,638 Replies, 1,486,153 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,770 Replies, 4,560,806 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,160 Replies, 3,306,853 Views
Lawyer Salary ( 1 2 3... Last Page)
20,862 Replies, 10,150,384 Views
Salary ranges in Big Tech in...
0 Replies, 224 Views
Micron starting pay ( 1 2 3... Last Page)
701 Replies, 383,762 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
203 Replies, 125,702 Views
Career as Teacher ( 1 2 3... Last Page)
10,204 Replies, 6,353,482 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
746 Replies, 382,301 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,020 Replies, 421,390 Views
DBS ACE Programme ( 1 2 3... Last Page)
105 Replies, 71,906 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,238 Replies, 584,493 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,491 Replies, 1,901,419 Views
Deutsche Corporate Bank Graduate... ( 1 2)
13 Replies, 8,820 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:18 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2