How much are you earning per annum?

#**11521** (**permalink**) 26-11-2018, 08:37 AM

I am single and own a condo in rest of central region.

Does it mean I am top 20% percent?

#**11522** (**permalink**) 27-11-2018, 02:10 PM

Quote:

Originally Posted by Unregistered

I am single and own a condo in rest of central region.

Does it mean I am top 20% percent?

Yes. What is your income and net worth? How old are you?

#**11523** (**permalink**) 28-11-2018, 08:27 AM

25 , Single , 60k per annum, own a MM 1 bedder condo in suburb part of SG.

#**11524** (**permalink**) 28-11-2018, 01:31 PM

Quote:

Originally Posted by Unregistered

25 , Single , 60k per annum, own a MM 1 bedder condo in suburb part of SG.

You earn quite a high income for your age.
Not many 25 year olds earn $60k pa.
Which sector are you working at?

#**11525** (**permalink**) 28-11-2018, 01:39 PM

Quote:

Originally Posted by Unregistered

You earn quite a high income for your age.
Not many 25 year olds earn $60k pa.
Which sector are you working at?

how is that high? fresh grad salary for jp morgan chase (technology) is already paying 60k p.a

#**11526** (**permalink**) 28-11-2018, 01:55 PM

Quote:

Originally Posted by Unregistered

how is that high? fresh grad salary for jp morgan chase (technology) is already paying 60k p.a

Anything below 500,000 pa is mediocre!

#**11527** (**permalink**) 28-11-2018, 03:13 PM

Quote:

Originally Posted by Unregistered

You earn quite a high income for your age.
Not many 25 year olds earn $60k pa.
Which sector are you working at?

Im just a Dip holder, work in stat board straight after NS. Just lucky to land a job in stat board despite having a local Diploma.

#**11528** (**permalink**) 28-11-2018, 06:41 PM

Quote:

Originally Posted by Unregistered

Yes. What is your income and net worth? How old are you?

105k pa.
30 years old
Insurance surrender value and cash about 30k.

No other debts or loans

My condo is worth 900k.

#**11529** (**permalink**) 28-11-2018, 10:46 PM

Wholesale banking.
Salary: 300k.
Bonus: 100k.
Age: 39

#**11530** (**permalink**) 28-11-2018, 11:27 PM

Quote:

Originally Posted by Unregistered

You earn quite a high income for your age.
Not many 25 year olds earn $60k pa.
Which sector are you working at?

You are right that it is not common that a 25 yo earns $60k pa but it is not unheard of either.

1st class engineering fresh grads (male with ns & from local uni) are already commanding such salaries with some stat boards, civil service departments and the uniform groups.

At $5k monthly salary and a 3 months performance bonus (average), they are looking at the first year income of $80k (=5k x (12 months + 13th month + 3 months bonus)), ie $5k x 16 months total.

And engineering grads are not among the highest starting salaries professions. So $60k pa salaries for 25 yo, though not common, is not entirely surprising either.