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Today 05:44 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
According to .drwealth.com/top-10-highest-paid-ceos-in-sgx-listed-companies-2021/ who analyzed the financial reports of SGX-listed companies.



As for Doctors, from idealmedhealth.com/best-salary-of-doctors-in-singapore/ :



So, that is 675 listed companies, which being listed, means that they are typically of reasonable size. Granted that there are large companies and foreign companies that are listed elsewhere or privately owned, I think it should give a sensing of what are the realistic salary ranges of top earners in Singapore.

Also, noted that these are probably the top 1000 or so earners in Singapore and not just the top 10% of income tax payers in Singapore.

There are definitely people who earns more than $200K per annum or even $5M. It's just how many of them exists in Singapore, and how many of them are actually around in this forum.
Doctors don't make so little, especially those in private practice. Your data also miss a whole lot of high earners in the financial sector.

Government data don't lie. Go to Iras and dig out the YA2021 numbers:

There were 6,527 resident taxpayers making more than $1M in assessable income, Mdm Halimah one of them.

And there were 21,858 making between $500K and $1M.

Your "probably" top 1000 is definitely way off the mark.
Today 05:19 PM
Unregistered According to .drwealth.com/top-10-highest-paid-ceos-in-sgx-listed-companies-2021/ who analyzed the financial reports of SGX-listed companies.

Quote:
emunerations for CEO / Key Director of SGX-listed companies in 2021

Of the 675 SGX-listed companies I analysed, 106 did not make the cut because they either did not publish a report in 2021 or did not provide enough wage information about their key executives for me to make a reasonable guess.

Here are the stats:

5 CEOs or key directors had remunerations of more than $10M.
16 CEOs or key directors had remunerations between $5M and $10M.
165 CEOs or key directors had remunerations between $1M and $5M.
215 CEOs or key directors had remunerations between $500,000 to $999,999.
128 CEOs or key directors had remunerations between $250,000 to $499,999.
40 CEOs or key directors had remunerations of less than $250,000.
As for Doctors, from idealmedhealth.com/best-salary-of-doctors-in-singapore/ :
Quote:

House officer $3,600-5000
Medical officer $4500-9,000
Registrar $7000-12,000
Consultant $15000-20,000
Emeritus consultant $10,000-20,000

Cardiologist $12,000-20,000
Dermatologist $8,000-15,000
Allergist $8,000-15,000
Clinical Psychologist $12,000-18,000
Forensic Pathologist $12,000-20,000
Neurologist $8,000-18,000
General Medical Practitioner $8,000-18,000
Obstetrician / Gynecologist $5,000-12,000
Ophthalmologist $5,000-12,000
Pediatrician $5,000-15,000
Anesthesiology $5,000-12,000
Gastroenterology $5,000-15,000
Orthopedics $8000-18,000
ENT $5000-15,000

So, that is 675 listed companies, which being listed, means that they are typically of reasonable size. Granted that there are large companies and foreign companies that are listed elsewhere or privately owned, I think it should give a sensing of what are the realistic salary ranges of top earners in Singapore.

Also, noted that these are probably the top 1000 or so earners in Singapore and not just the top 10% of income tax payers in Singapore.

There are definitely people who earns more than $200K per annum or even $5M. It's just how many of them exists in Singapore, and how many of them are actually around in this forum.
Yesterday 10:44 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
$350K is lower than A LOT of individual contributors like lawyers, hedge fund traders, investment bankers and even software engineers (those in Meta and Google).

There was an eye surgeon MP who said:

"If the annual salary of the Minister of Information, Communication and Arts is only $500,000, it may pose some problems when he discuss policies with media CEOs who earn millions of dollars because they need not listen to the minister's ideas and proposals. Hence, a reasonable payout will help to maintain a bit of dignity."

So the CEO you cited doesn't have much dignity.
Both have a point.. If you look at SGX listed companies' annual report, you can see a lot of C-suite in local listed companies earning $350-500k with the top guy earning $750l-1m.
Next are the GLCs whose C-suite are around $1-2m range with the top guy in the $4-5m range.
Of course this is in general because there are local banks on a another level and those family-owned companies (eg Genting) that pays their Chairman a shitload of money.

You cannot compare this to lawyers, hedge fund traders, investment bankers and even software engineers... heck, even the top property agent can earn $1m in comms in a year.

The difference is longevity in the job.. can you maintain the high stress level and endless targets until you are 67?
Yesterday 12:44 AM
Unregistered This thread is all bullshit.

A lot of dreamers probably doing grabfood or taxi uncles.

Cringe
Yesterday 12:37 AM
Unregistered Glad that the top 5% income earners are always in this thread giving valuable advice
16-08-2022 07:22 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I know for a fact that one MMC pays their C-suite about $350K per annum.

So I guess there are either lots of C-suite or o Big Cannon Fairies around.
$350K is lower than A LOT of individual contributors like lawyers, hedge fund traders, investment bankers and even software engineers (those in Meta and Google).

There was an eye surgeon MP who said:

"If the annual salary of the Minister of Information, Communication and Arts is only $500,000, it may pose some problems when he discuss policies with media CEOs who earn millions of dollars because they need not listen to the minister's ideas and proposals. Hence, a reasonable payout will help to maintain a bit of dignity."

So the CEO you cited doesn't have much dignity.
16-08-2022 01:33 PM
Unregistered Me & wife both age 51, with 2 children local uni
Last year filed income tax $700k

Owns 2 private property
Paid up $1.5mil
50% mortgaged $2.5mil

Total CPF $2mil
Total stocks- cash & SRS $1.3mil

Target to retire at 55
15-08-2022 09:18 PM
Unregistered According to PSD, ministers salary is pegged to the top 1000 earners in the private sectors :

Quote:
The top 1,000 Singapore citizen income earners would include the following:

Senior management positions including Chief Executive Officers, Chief Operating Officers, Chief Financial Officers, Chief Information Officers, Presidents, Chairmen, Directors, General Managers from a range of industries;
Representatives from the financial services including bankers, asset managers, traders, Managing Directors, Senior Vice Presidents; and
Professionals including lawyers, accountants, doctors, engineers
Quote:
A Minister may start at the lower end of the MR4 range with a monthly salary of $46,750. This works out to an annual salary of $935,000, of which $607,750 is fixed and the rest is variable.
Since MR4 payscale is pegged at 60% of the top 1000 earners, that means those folks are earning about $1.5M a year.

In Civil Service, the next level below the Minister, i.e. the Perm Sec usually holds the role equivalent to a CEO of a large corporation. I know for a fact that one MMC pays their C-suite about $350K per annum.

So I guess there are either lots of C-suite or o Big Cannon Fairies around.
[Quote]
Source:
s://.psd.gov.sg/faq#:~:text=The%20fixed%20salary%20is%20%24715%2C0 00,socio%2Deconomic%20outcomes%20of%20Singaporeans .
s://.nas.gov.sg/archivesonline/data/pdfdoc/2000062907.htm
[Quote]
15-08-2022 12:25 PM
Unregistered 40 (me) 180k pa
35 (spouse) 200k pa

1 5rm hdb, 1 4rm condo.
1 car
3 kids

Cpf max out SA already.
cash and investment > 300k

Not sure if can retire at 60..
15-08-2022 12:47 AM
Unregistered 25 yo

Software / Data Engineer

Total Comp ~80k+

0 YOE
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