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Professionals and Managers - Is Your Pay above the Median?

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  #1 (permalink)  
Old 19-09-2009, 01:34 PM
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Default Professionals and Managers - Is Your Pay above the Median?

If you’re a working professional in your late thirties, the median gross salary in your age group is $5,048/mth.

Managers in the same age group make a median pay of $6,500.

This is according to the Ministry of Manpower’s Report on Wages 2008 (released middle of this year).

Here are the stats for the various age groups:

1. 25-29 age group: Managers $3,860, Professionals $3,416
2. 30-34 age group: Managers $5,225, Professionals $4,269
3. 35-39 age group: Managers $6,500, Professionals $5,048
4. 40-44 age group: Managers $7,150, Professionals $5,536
5. 45-49 age group: Managers $7,480, Professionals $5,800

Is your pay above the median?

And here are the top 22 managerial and professional jobs ranked by their median gross wages in the late-thirties age group:

1. Specialised surgeon - $26,250
2. Advocate and solicitor - $12,243
3. Managing director - $12,000
4. Fund manager - $11,854
5. General manager - $11,459
6. Company director - $10,515
7. Business management consultant - $9,619
8. Legal officer - $8,725
9. Treasury manager - $8,500
10. Risk management manager - $8,209
11. General physician - $8,176
12. Legal service manager - $8,015
13. Chemical engineer (Petroleum) - $7,854
14. Operations manager (Finance) - $7,800
15. Computer operations and network manager - $7,107
16. Budgeting and financial accounting manager - $7,021
17. Research and development manager - $7,000
18. Computer and information systems manager - $6,779
19. Creative director (Advertising) - $6,625
20. Business development manager - $6,500
21. Information technology security specialist - $6,498
22. Marketing manager - $6,495

Also deserving of mention are: Corporate Planning Manager and Training Manager (each >$8,500 in the early-forties age group), and University Lecturer (>$7,500 in the late-forties age group).

See also my list of the 100 best-paying jobs.

http://www.salary.sg/2009/profession...ve-the-median/



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  #2 (permalink)  
Old 19-09-2009, 08:08 PM
pleased
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This is accurate right? How did you manage to compile the stats? Yes my pay is above the median for both manager and professional, so happy. S$4K monthly before bonuses and CPF contribution, 29 years old.

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Old 19-09-2009, 08:08 PM
displeased
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i am not happy. getting 7.5k, 30 years old. But i know there are tons of people around my age getting alot higher. Damn…..

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Old 19-09-2009, 08:08 PM
pleased
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displeased: yeah its true. Dunno whether the figures above are artificially deflated, they seem detached from reality. I know lots of people drawing $10K at only 27 years old.
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Old 19-09-2009, 08:09 PM
ronaldo’s croonee
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wow i am only getting 2.7k a month, 31. sad.
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Old 19-09-2009, 08:10 PM
Kevin
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I think all of you should read this to interpret the meaning of median. CancerGuide: The Median Isn't the Message

Also, note that this is a sample statistics and not population statistics (right?).
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Old 19-09-2009, 08:10 PM
still
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Still, the numbers should be indicative right? If everyone around me is making 10k, then the numbers must be wrong… (but my friends aren’t making 10k )sti
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Old 19-09-2009, 08:10 PM
ronaldo’s croonee
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oh so it’s not average? what’s the average then?
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Old 19-09-2009, 08:11 PM
ronaldo’s croonee
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Wow Librarians make a lot of $$$!

Librarian 45 5,228
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  #10 (permalink)  
Old 19-09-2009, 08:11 PM
pleased
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still, i don’t know the pay of everyone around me..only a select few..only 2 who are in the same job earning $10K a month..the rest are about within the median bracket highlighted above. I only rather narrowly exceeded the median by $400 for my age bracket.

What pique my interest is that, the manager pay is higher than professional pay for the same age. This means that a manager in a so called non-professional field eg F&B manager earns less than a professional eg engineer, lawyer?
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