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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 acc …
Private tutor Phang Yu Hon who gives Physics tuition earned a whopping $520,000 last year. He paid over $85k in taxes.In a video interview with ST, he said he will be earning even more this year:“My income has been going up exponentially. So, I think this year it’s going to be even higher. Ka-ching.” (Sound ...
Chanced upon a local magazine called Executive.The current issue of Executive talks about the best paid jobs in Singapore. Well, a glance at the article reveals that most of the information comes from the Kelly Services Salary Guide, which was mentioned here previously in Pay rise in high-growth sectors.Again, I think the numbers (the salaries) seem a little inflated. I …
The 3,758 companies in our Financial sector collectively earned $17.5 billion dollars in tax-assessable income last year, trumping the second-placed Wholesale & Retail Trade sector ($15.1b) which has more than three times the number of companies.In third place is the Manufacturing sector with $10.8b. There are 2,995 companies in this sector.Of course, the Financial ...
We have updated our ever-popular income benchmarking tool to use Iras’ latest data.Our income comparison tool needs no introduction. If you have not heard of it, see last year’s edition. The past 4 editions of this tool has attracted more than 230 comments in total.To use it, just type in your annual income (assessable income) ...
In its steepest decline since its inception in 1975, the URA property price index plunged a hefty 14.1% in Q1 this year.The URA property index tracks private home prices in Singapore.The apparent recovery triggered by the strong sales of Alexis and Caspian condominiums in February was just a mirage.As predicted by Salary.sg in October ...
I know of many engineers who regretted not getting the right career advice when they were in school.Envious of the high income that an investment banker can fetch, some of these engineers decided to take up courses or certifications that hopefully will give them a chance to enter the lucrative finance sector.Their options include:Getting CFA charter. This can be done through …
Just months ago, Bear Stearns, Lehman Brothers and Merrill Lynch were considered to be among the top 5 investment banks. They were the so-called bulge bracket firms - the premiere league players, the Ferraris, the LVs…They are now all gone.Bear was acquired by JP Morgan Chase for just US$10 a share in May 2008.Merrill ...
Ministry of Education has announced a new scheme of service that more strongly emphasizes the link between pay and performance.With this new scheme, teachers will be rewarded with performance-based increments and bonuses. The existing salary scheme apparently does not incentivize good performance with its fixed annual increments.While transiting to the new scheme, a …
The mainstream media is apparently telling us that business degrees are no longer in demand. Instead, we are told a law degree can command a salary as high as $8,500 while arts and science courses are getting popular now.On the front page of yesterday’s Business Times printed edition:“Trainee lawyer bags $8,500 monthly payForeign law ...
If you are a male citizen who has served NS (or is still serving), the SAF Group Term Life Insurance by Aviva is perhaps the cheapest term insurance you can get.Term insurance is also known as “pure protection” insurance. It does not include any investment component, unlike ILPs and other investment-linked life policies. The term ...
Haven’t you noticed? Whenever interviewed by the media, they almost always talk up the property market, saying things like prices have stabilized and now is the best time to get into property.Yes, according to them, NOW is always the best time to buy property.Recent case in point: in today’s Sunday Times, among the 10 ...
Hong Kong’s largest electricity producer, CLP Power, is reducing electrical tariff by 3%, as reported by Hong Kong news media such as this article in The Standard.Yes, reducing, not increasing.However, people in HK are complaining. They were expecting a bigger cut.“The Democratic Party’s Fred Li Wah-ming said he was disappointed by the low rate ...
NUS recently started placing full-page ads in Straits Times.I’m not aware of any official graduate employment survey from NUS this year (see SMU graduate employment), but the NUS ads say that the top 20% of NUS Business School with BBA Honours are getting an average starting pay of $5,046, with the “top salary hitting $11,500 before bonuses.” Another …
It’s common knowledge that there is a salary ceiling of $4,500 for both employer and employee CPF contributions.If you earn more than $4,500, you only need to contribute $900 (=20% x $4,500) to your CPF. Even if you make $20k a month, you still contribute $900. Your employer contributes $652.50 (=14.5% x $4,500). The rates ...
SMU has launched a course in commodities trading for its students, reported the Business Times today.Students get to learn about things like agri-commodities, oil and energy products, transhipment of commodities, financing, and management of credit and operational risks.I think it’s a good start.As mentioned previously in the top 100 jobs in Singapore, the …
CNet Networks has been advertising its IT Salary Benchmark Survey throughout the web.Friends tell me that the free report that you will receive after taking the survey is quite accurate in terms of the salaries IT professionals are getting.If you are working in the IT industry, why not take the survey, get the free report, and benchmark yourself against the rest.Benchmarking …
Which industry sector pays the most bonus?You may want to consider bonus payouts in your next career move, as bonuses in some industries account for a large part of your annual remuneration.Based on a chart on the front page of last Saturday’s Straits Times, the following sectors are expected to pay good bonuses. Starting ...
We’ve updated our popular income comparison calculator.The data points come from Ministry of Manpower’s Report on Labour Force in Singapore 2008 released early this year.Take your annual income (including bonus) and divide by 12 to derive your “gross monthly income” when using this income benchmarking tool:Last year’s version of the tool is here. …
The HDB Income Ceiling will be raised to $10,000 for BTO flats and $12,000 for ECs (executive condominiums). Previously, the respective ceilings were $8,000 and $10,000. This was just announced by PM Lee Hsien Loong in his 2011 National Day Rally Speech. PM Lee acknowledged that due to the revision of the income ceilings, demand ...
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