How much are you earning per annum?

Originally Posted by Big Cannon Fairy

So unlike you, I cannot share too much about how statistics are collected lar.. My bad.

But hor,

1. Self employed are not part of the statistics. This is employees' salary minus employer contribution. Which means, people like Kopi-Tiam CEO don't get to participate lor. Again, no wonder very so slewed and low.

2. Statistics are actually grouped into establishment with 25 to 199 employees and those above 200. Of course not accurate lar. I got 24 employee and make billions and pays my employee millions but we all not in the statistics leh.

3. Inflation of titles - Aiyah, like prices like that right? I understand... But hor, I don't how lecturers can be mislabeled or how come so few MD/CEO leh. Also hor, the estimated standard deviation from the median, 25 and 75 percentile don't seem that wide spread leh. Why har? Cher always give me D for maths, so I can't understand...

are you a maths lecturer in one of the polys?

Originally Posted by Unregistered

dun be silly, nobody is here to discuss things seriously

most peeps here are just jobless bums, lobo jr civil servant or school kids here to talk c.ock sing song lah

Agree, most are here to pass time only. Once in a while some people like him will try to answer seriously, but they will in the end flooded by more trolling.

Just come here to chill, relax take a cup of kopi and enjoy the show troll around a bit. Life is short no need to be serious.

Originally Posted by Pencil

You have a fundamental misunderstanding of the govenrment's information discernation process. Whether it is by percentile or by average is not the crux of the issue here, neither is income data integrity the main problem here. The government has good income and pay numbers I assume by virtue of their extensive database.

The weak link comes from the categorisation of people's income based on self-reporting. If you participated in a DOS or MOM survey before, you will realise they basically just ask you to declare your job title with little diligence to find out just what exactly is your job about.

To take the example of your CEO/MD cateogrisation, any entrepreuner of a company no matter how small it is, is technically not wrong to state that he is MD. Most start ups and small local company MDs do not pay themselves >$10k. These huge number of data points will invariably drag down the whole sample set, it doesn't matter if it is by percentile or by average.

There is also another tricky problem here, which is the wide spread inflation of job titles. When people talk about CEO, most of the time it is obvious they are referring to head honchos of large companies. Yet the title itself is so ambiguous and subject to self-interpretation that many Country Managers, GMs, Start up Boss refer to themselves as CEO.

This creates an incongruence between what sits in the back of people's mind when they speak of "CEO" and the namecard interpretation of "CEO". This same problem will appear in almost all other jobs. For e.g. a wife assisting her husband in accounting for a small start up is technically not wrong to call herself CFO, but that will eventually get captured under CFO/Finance Director as well.

To be fair to government agencies, it is not realistic to expect them to conduct detailed deligence to scope out each and every sample as providing salary data is not their main function, this is the job of HR Mangement consultancies. What it does bring to us is that we have to understand their methodology and interpret any conclusions with these short comings in mind.

sorli hor we all peasant not understand your feli fele england. if u donch knoe anything abt pay donch talk so much from ur arse, place very smelly hor. want to act elite go & be gharment scolar

Don't discourage good-hearted people like him lah. It's good to have more information too.

Typical eg. of idiot try to act old bird, nobody interest in your grumble.

Spend time to look for a proper job instead of trying to smart alex online please

Originally Posted by Unregistered

It's about the desire to understand things deeper and in more detailed and professional level.

I have tried to engage you seriously by elaborating on the government's methodolgy and its resulting limitations in presenting pay data. You on the other hand seem more interested in making juvenile cynical and sarcastic remarks without addressing much.

No matter, I hope it will benefit many lurkers and readers out there who are reading but might not have posted anything.

It's about the desire to understand things deeper and in more detailed and professional level.

I have tried to engage you seriously by elaborating on the government's methodolgy and its resulting limitations in presenting pay data. You on the other hand seem more interested in making juvenile cynical and sarcastic remarks without addressing much.

No matter, I hope it will benefit many lurkers and readers out there who are reading but might not have posted anything.

You sound like a FC jerk trying to act high & mighty. Get lost plz.

Investment professional, buyside. 28yo, 170k base, 8m bonus.

Originally Posted by Unregistered

Investment professional, buyside. 28yo, 170k base, 8m bonus.

How did you get the job?

Originally Posted by Unregistered

How did you get the job?

Sry typo, sellbackside* not buyside

Banking professional, sell side. 29yo, 220k base, 7m bonus.