Industries with Highest Proportion Earning 5-Figure Monthly Income

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/

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

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

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

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

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

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 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]

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.

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.