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This is the 2007 edition of my annual list of 100 best-paying jobs in Singapore. It is compiled based on data from MOM Occupational Wages Survey, which is published as part of the Report on Wages in Singapore 2006.The 2006 edition this post.The survey covered more than 180,000 individuals, and their wage information is ...
Household incomes practically decreased across the board in 2009, according to a recently released publication on income statistics from the Singapore Department of Statistics.The average monthly household income of all households decreased to $7,549 in 2009 from $7,752 in 2008.The corresponding median income also decreased to $5,398 from $5,475.If you split the households …
The average household has a net wealth of $710,400, says an interesting article in New Paper on Sunday.“Total Assets: $859,970 Currency & Deposits $157,930Shares & Securit …
It’s official. Singapore is in recession, or “technical recession” to be precise.After 2 consecutive quarters - i.e. Q2 2008 and Q3 2008- of economic contraction, our economy is now in what economists call a technical recession. For the past 2 quarters, we achieved negative growth.As with all recessions, expect to witness more retrenchments, business ...
The Public Service Division has announced that the monthly starting salaries of fresh graduates employed under its civil service schemes will go up. The announcement is made in a press released dated yesterday, and reported in the media today.I took a look at the press release.The biggest increase is found in the engineering profession ...
Since the Wee Shu Min’s “get out of my elite uncaring face” debacle, the topic of elitism has been a rather hot discussion topic.Today, the Straits Times publishes a report on elitism. The report is based on a survey conducted by Singapore Press Holdings’ research department on students aged 15 to 24.At first glance, the ...
There are salary surveys that you can use to assess whether what you’re getting is competitive.Bear in mind that some of these salary reports give figures that are perceived to be on the high side.For example, more than 50% of readers here voted that the figures in Hays Salary Survey and Guide 2009 are ...
A lawyer posted a comment that gives us a more balanced perspective of the law profession.I quote him/her:“While the upside is that lawyers have good job security and enjoy a glamourous image, this does not make up for the very unsatisfying nature of our work.”As for benchmarking to lawyers’ salaries, “insider” has this to ...
It costs about one million dollars to raise 2 children in Singapore.Don’t be too alarmed. Let’s take it positively – you may treat your children as “assets” …
The gaps have narrowed for 4 of the 6 professions/sectors used in benchmarking ministerial and Civil Service salaries.Top executives in MNC, lawyers, bankers and accountants each took home more than $4 million last year (Iras Year of Assessment 2007).Specifically, the median income of the top 8 earners in MNCs made $4.86 million. To calculate ...
Following some NUS ads, the NUS Business School now places a full-page ad in Straits Times today.The ad featured 3 guys, all from the bulge bracket investment bank Goldman Sachs. They are fresh graduate Joshua Huang joining as an Analyst, Kee Poir-Mok who is an MD, and Yap Kian Pin who is an ED.Kee lets on that NUS Business School submits a list of about two dozen candidates …
There are more and more wealthy people in Singapore.The number of High Net Worth Individuals (HNWIs) increased by 32.7% to 81,600 according to the latest Asia-Pacific Wealth Report 2010 by …
Ever wondered which jobs give the highest “growth” in their wages? In this post, I produce (yet another) ranking table for 30 jobs with the highest increments.Some background first.I analysed the wage data from the Report on Wages in Singapore 2006 and found that specialised surgeons, risk management managers and advertising copywriters get the ...
Our very popular income comparison calculator has been updated with the latest data from Ministry of Manpower’s Report on Labour Force in Singapore 2010 (released in 2011). This simple tool lets you compare your gross monthly income against other Singapore residents in your age group and gender group. You may also compare with all age ...
In the insurance industry, an actuary is a technical specialist whose job is to analyse the likelihood that policy holders make claims against their insurance policies. Actuaries use mathe …
In the graduate employment survey conducted by Salary.sg, 45% of the respondents indicated that they are without jobs.In this jobless group, 60% are actively looking for a job, while the remaining are not.The poll was conducted over about 10 days with a better-than-expected 439 responses.As for the 55% (or so) with jobs, the median ...
The resident unemployment rate stood at 3.3% last September, according to MOM’s press release.With 65,400 residents unemployed, the jobless rate is the highest since the 3.8% registered in March last year.It seems MOM is still compiling the statistics for the fourth quarter - why is it taking so long when Hong Kong and Australia ...
Once again, we are ranked near the top of the table. But this time, it’s for raising electrical tariffs!HK electricity producer CLP Power released a media statement last month that included a table of 21 major cities ranked by how much electricity tariffs they have raised since 2005.Thanks to our formidable Singapore Power, we ...
It’s good to have babies - enjoying the cute little ones, having family life, experiencing unconditional love, passing down your genes…In Singapore, you even get financially rewarded for having babies. As the country is facing a dearth of babies, the government encourages procreation by giving baby bonuses and parenthood tax rebates.If you have 1 baby, …
115,900 jobs were created last year, but it’s not clear how many of these jobs were taken up by citizens.As I mentioned previously, it is baffling when we see the term “locals” whenever job and salary statistics are released by the government.Let me clear the air again: The term “locals” refer to BOTH citizens and ...
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