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-   -   Industries with Highest Proportion Earning 5-Figure Monthly Income (https://forums.salary.sg/income-jobs/628-industries-highest-proportion-earning-5-figure-monthly-income.html)

Unregistered 12-03-2011 06:09 PM

actually to put the discussion into perspective, it is the type of job you are in that determines what salary you are getting now.

The risk, the knowledge involved and the career lifespan, I would say are the 3 key factors.

Risk - if the job is risky, say working in the refinery, there will be a premium in the salary associated with this.

Knowledge involved - if the job requires an intrinsic knowledge that you possess, there again is another premium tagged to your salary

Career lifespan - if this job only lasts 10 years, take for example a footballer, there has to have a premium to encourage someone to take this career path.

Not sure if everyone agrees?

Whatever 01-08-2011 06:10 PM

Quote:

Originally Posted by Unregistered (Post 10160)
actually to put the discussion into perspective, it is the type of job you are in that determines what salary you are getting now.

The risk, the knowledge involved and the career lifespan, I would say are the 3 key factors.

Risk - if the job is risky, say working in the refinery, there will be a premium in the salary associated with this.

Knowledge involved - if the job requires an intrinsic knowledge that you possess, there again is another premium tagged to your salary

Career lifespan - if this job only lasts 10 years, take for example a footballer, there has to have a premium to encourage someone to take this career path.

Not sure if everyone agrees?

You're probably right but I believe there's another factor missed out:
Value of your output - Private banker earns more than a personal banker could be due to more knowledge required but could also be due to higher revenue the private banker earns for the bank than a personal banker can earn for the bank.

Unregistered 09-10-2011 03:29 PM

may i add in oil/gas industry as well. I am pretty sure that they are generous paymasters...especially with the huge profits they earn annually..

Unregistered 17-04-2013 07:05 PM

I'm surprised that Information & Communications is #3. I've been in the industry for almost 10 years and I think the upside of the industry is limited!

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

Unregistered 18-04-2013 12:02 PM

Quote:

Originally Posted by Unregistered (Post 10160)
actually to put the discussion into perspective, it is the type of job you are in that determines what salary you are getting now.

The risk, the knowledge involved and the career lifespan, I would say are the 3 key factors.

Risk - if the job is risky, say working in the refinery, there will be a premium in the salary associated with this.

Knowledge involved - if the job requires an intrinsic knowledge that you possess, there again is another premium tagged to your salary

Career lifespan - if this job only lasts 10 years, take for example a footballer, there has to have a premium to encourage someone to take this career path.

Not sure if everyone agrees?

I am sure this is the general rule...

But I totally do not agree for the electronics engineering sector.

"if the job requires an intrinsic knowledge that you possess" :
you are most likely NOT going to get a premium because, if you know that knowledge you probably duno many others, your boss knows no one/very few will hire you for that specific knowledge and your pay will be crapped.

"Career lifespan - if this job only lasts 10 years, " : Coding skills are skills that have an expiry date, but yet coders are paid peanuts. A 40years old programmer with 20years coding in BASIC is no better than an ITE student when it comes to coding java.

Consider all factors and make your choice wisely...

Unregistered 18-04-2013 01:54 PM

Quote:

Originally Posted by Unregistered (Post 35900)
I am sure this is the general rule...

But I totally do not agree for the electronics engineering sector.

"if the job requires an intrinsic knowledge that you possess" :
you are most likely NOT going to get a premium because, if you know that knowledge you probably duno many others, your boss knows no one/very few will hire you for that specific knowledge and your pay will be crapped.

"Career lifespan - if this job only lasts 10 years, " : Coding skills are skills that have an expiry date, but yet coders are paid peanuts. A 40years old programmer with 20years coding in BASIC is no better than an ITE student when it comes to coding java.

Consider all factors and make your choice wisely...

Yeah, best jobs are those where supply is artificially limited like doctors and lawyers where even the average performers are very well paid. The rest feel the effects of globalisation much more

Unregistered 30-04-2014 01:12 PM

Quote:

Originally Posted by Unregistered (Post 35902)
Yeah, best jobs are those where supply is artificially limited like doctors and lawyers where even the average performers are very well paid. The rest feel the effects of globalisation much more

Bump. 10 chars.

Unregistered 30-04-2014 03:46 PM

tertiary acad staff (in mid 40s) should have no problem hitting $150kpa (all in). Not say excellent, but not too bad.

Unregistered 02-05-2014 01:41 AM

Quote:

Originally Posted by David Seah--- (Post 1109)
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.

Not true at all - they don't bring home high 6 figures annual packages.

Unregistered 05-08-2014 04:58 PM

Quote:

Originally Posted by Unregistered (Post 51044)
Not true at all - they don't bring home high 6 figures annual packages.

I agree. Both my brothers are pilots, 1 with SIA Cargo and another with SIA passenger.

If you are a senior pilot, then yes $20k/month possible. but to earn that amount you already have 1 foot in the grave.

A mid 30's commercial airline pilot will earn $280k/year including bonuses.

Same commercial pilot in 50's will be getting $420k/year including bonuses.

Nowhere near high 6 figure salary.

Hedge fund managers, private equity financial consultants, oil traders, oil brokers, are all in the high 6 / low 7 club.


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