100 Best Jobs in Singapore

is this for real? wow.. i should ask for a raise then

The figures are supposed to exclude “performance bonuses & profit sharing”. However, most of the finance sales positions seem to have included them. Eg. Personal bankers, forex/futures brokers who get commission but may have no annual bonuses, just like top property/financial planners. On the other hand, managing directors, fund managers, research analysts may get bulk of salary from their annual bonuses which are not included in the figures above.

Yes I think commissions are included in those jobs that are sales related. I would think an MD of an international re-insurance firm will also get commissions. But as the above poster said, take note that some positions are not commissions-based but receive a big part of their comp in bonuses. (Their gross salaries are already quite high relative to the rest, so just imagine if bonuses are included!)

bottomline..revenue generator are highly paid..
cost generators are lower paid..
manual work are lowly paid..

so tell the young kids to study hard and get a degree to prevent fallin into poverty trap..

that’s why if you want to be rich, or if you don’t want to lose out, never be an engineer or techie or operator. if you’re smart, get into banking front office. if you’re not smart, do business or do sales - property, insurance, whatever.
if you insist on being an engineer, don’t stay in Singapore.
it took me half a lifetime to learn this the hard way.

In this recession, most companies or alot of them are taking this opportunity to downsize our salary and also reduce the starting salaries for new candidates entering their companies

I presume you mean book-smart?
"if you’re not smart, do business or do sales - property, insurance, whatever."

Not very smart for a nick "tech sales" to smash your feet on your own rock.. not smart at all i agree

[JoeBlack]

The financial industry list has:
30. Software engineer - $8,309

but this does not state the years of experience. Any idea what years of expr this is for?

Originally Posted by JoeBlack

The financial industry list has:
30. Software engineer - $8,309

but this does not state the years of experience. Any idea what years of expr this is for?

It's the "75th percentile" pay. It means if you line up 100 random software engineers in the financial industry from the best paid to the worst paid, the guy at the 75th position should be making around $8,309 or so.

It says nothing about the experience. But obviously, if you're a noob, you can't expect to hit this pay range immediately.

If this is based on actual CPF data then I presume it doesn't include foreigners here on an Employment Pass? If not then it won't include the majority of expats - even those paid in SGD.

I think the numbers for finance sector look pretty accurate based on my experience. Software engineers in Investment Banks can be very highly paid - esp those closely aligned to the business...good software is often what makes the difference between competitors (and that translates to a lot of $$$). The pressure these guys work under is immense though - they get paid well for a reason.

As someone mentioned earlier expats are likely to be paid more but a) 'true' expats on a fixed assignment will usually be paid in their home country and b) much of their total income is from allowances (housing, school etc.) so wouldn't be included here anyway. Given the recent financial crisis the number of people on these lucrative deals are much fewer - far more foreigners are here on local packages with few extras..the gap between local and expat is closing.