Salary.sg – Your Salary in Singapore

Fresh lawyers are at the top of the salary ranking table yet again, but this time SMU holds the top two spots, beating NUS by a hair’s breadth. (See our GES ranking for last year.)

Those with medical-related degrees are the next best earners, followed quite closely by those with business-related degrees.

Computing-related degrees fare quite well too.

At the bottom of the table are: Music, Art Design & Media, Chinese Medicine and Nursing.

Data used in this article are based on the 2012 Graduate Employment Survey Results consolidated and released by MOE in early 2013.

Without further ado, we present this year’s ranking:

By Average Gross Monthly Salaries (in brackets are the 75th-percentile salaries)

1. SMU Law (4-years programme) Cum Laude and above – $5,082 ($5,450)
2. SMU Law (4-years programme) – $4,975 ($5,250)
3. NUS Bachelor of Laws (LLB) (Hons) – $4,963 ($5,200)
4. NUS Bachelor of Medicine and Bachelor of Surgery – $4,799 ($5,300)
5. NUS Bachelor of Dental Surgery – $4,250 ($4,400)
6. SMU Economics (4-years programme) Cum Laude and above – $4,053 ($4,314)
7. NUS Bachelor of Business Administration (Hons) – $3,976 ($4,000)
8. SMU Information Systems Management (4-years programme) Cum Laude and above – $3,946 ($4,100)
9. SMU Business Management (4-years programme) Cum Laude and above – $3,854 ($4,167)
10. SMU Economics (4-years programme) – $3,768 ($4,075)
11. SMU Accountancy (4-years programme) Cum Laude and above – $3,765 ($4,192)
12. NUS Bachelor of Arts (Architecture) – $3,717 ($4,000)
13. NUS Bachelor of Computing (Computer Science) – $3,683 ($4,000)
14. NTU Business and Computing – $3,651 ($4,000)
15. NUS Bachelor of Computing (Computer Engineering) – $3,630 ($3,942)
16. NTU Aerospace Engineering – $3,578 ($3,809)
17. NUS Bachelor of Science (Pharmacy) (Hons) – $3,560 ($3,800)
18. SMU Social Sciences (4-years programme) Cum Laude and above – $3,496 ($4,013)
19. NTU Accountancy and Business – $3,464 ($3,750)
20. NUS Bachelor of Engineering (Industrial and Systems Engineering) – $3,442 ($3,815)
21. NTU Arts (with Education) – $3,430 ($3,500)
22. NTU Science (with Education) – $3,428 ($3,600)
23. NUS Bachelor of Business Administration (Accountancy) (Hons) – $3,423 ($3,475)
24. NUS Bachelor of Engineering (Computer Engineering) – $3,403 ($3,450)
25. SMU Information Systems Management (4-years programme) – $3,383 ($3,800)
26. NTU Computer Science – $3,371 ($3,700)
27. NTU Mathematical Science – $3,364 ($3,600)
28. NTU Electrical And Electronic Engineering – $3,359 ($3,500)
29. NUS Bachelor of Engineering (Mechanical Engineering) – $3,357 ($3,500)
30. SMU Business Management (4-years programme) – $3,348 ($3,500)
31. NUS Bachelor of Arts (Hons) – $3,344 ($3,580)
32. NTU Computer Engineering – $3,336 ($3,500)
33. NTU Maritime Studies – $3,336 ($3,670)
34. NUS Bachelor of Engineering (Chemical Engineering) – $3,335 ($3,510)
35. NTU Chemical And Biomolecular Engineering – $3,314 ($3,709)
36. NUS Bachelor of Engineering (Electrical Engineering) – $3,301 ($3,500)
37. NUS Bachelor of Social Sciences – $3,290 ($3,600)
38. NUS Bachelor of Computing (Electronic Commerce) – $3,289 ($3,500)
39. SMU Social Sciences (4-years programme) – $3,289 ($3,705)
40. NTU Physics / Applied Physics – $3,284 ($3,703)
41. NTU Mechanical Engineering – $3,272 ($3,500)
42. NTU Civil Engineering – $3,270 ($3,400)
43. SMU Accountancy (4-years programme) – $3,268 ($3,500)
44. NTU Business (3-yr direct Honours Programme) – $3,268 ($3,500)
45. NUS Bachelor of Business Administration – $3,238 ($3,225)
46. NUS Bachelor of Engineering (Engineering Science) – $3,232 ($3,613)
47. NUS Bachelor of Engineering (Environmental Engineering) – $3,206 ($3,409)
48. NTU Materials Engineering – $3,206 ($3,400)
49. NTU Economics – $3,190 ($3,534)
50. NUS Bachelor of Science (Hons) – $3,190 ($3,410)
51. NTU Mathematics & Economics – $3,180 ($3,500)
52. NTU English – $3,179 ($3,500)
53. NTU Environmental Engineering – $3,176 ($3,375)
54. NUS Bachelor of Computing (Information Systems) – $3,169 ($3,500)
55. NTU Sociology – $3,162 ($3,588)
56. NTU Chinese – $3,157 ($3,450)
57. NUS Bachelor of Arts – $3,157 ($3,200)
58. NUS Bachelor of Engineering (Materials Science and Engineering) – $3,139 ($3,500)
59. NTU Chemistry & Biological Chemistry – $3,127 ($3,450)
60. NUS Bachelor of Engineering (Civil Engineering) – $3,101 ($3,200)
61. NUS Bachelor of Applied Science (Hons) – $3,079 ($3,300)
62. NTU Linguistics And Multilingual Studies – $3,066 ($3,300)
63. NUS Bachelor of Computing (Communications and Media) – $3,060 ($3,340)
64. NTU Biological Sciences – $3,055 ($3,260)
65. NUS Bachelor of Science (Project and Facilities Management) – $3,046 ($3,200)
66. NTU Bioengineering – $3,044 ($3,375)
67. NUS Bachelor of Science (Real Estate) – $3,042 ($3,260)
68. NTU Information Engineering And Media – $2,974 ($3,319)
69. NUS Bachelor of Engineering (Bioengineering) – $2,971 ($3,320)
70. NTU Accountancy (3-yr direct Honours Programme) – $2,969 ($3,000)
71. NTU Psychology – $2,953 ($3,302)
72. NTU Communication Studies – $2,941 ($3,200)
73. NUS Bachelor of Science – $2,920 ($3,104)
74. NUS Bachelor of Arts (Industrial Design) – $2,886 ($3,063)
75. NUS Bachelor of Business Administration (Accountancy) – $2,882 ($2,800)
76. NUS Bachelor of Science (Nursing) – $2,866 ($3,000)
77. NTU Biomedical Sciences—Traditional Chinese Medicine – $2,830 ($3,228)
78. NTU Art, Design & Media – $2,783 ($3,025)
79. NUS Bachelor of Music – $2,397 ($3,000)

By Permanent Employment Rate (in brackets are the median salaries)

1. SMU Law (4-years programme) Cum Laude and above – 100.0% ($5,000)
2. NUS Bachelor of Medicine and Bachelor of Surgery – 100.0% ($4,900)
3. NUS Bachelor of Dental Surgery – 100.0% ($4,005)
4. NTU Arts (with Education) – 100.0% ($3,467)
5. NTU Science (with Education) – 100.0% ($3,467)
6. NTU Civil Engineering – 100.0% ($3,180)
7. NUS Bachelor of Science (Pharmacy) (Hons) – 98.5% ($3,525)
8. NUS Bachelor of Laws (LLB) (Hons) – 98.1% ($5,000)
9. NUS Bachelor of Science (Nursing) – 98.0% ($2,950)
10. SMU Law (4-years programme) – 97.2% ($5,000)
11. SMU Accountancy (4-years programme) Cum Laude and above – 97.0% ($3,261)
12. NUS Bachelor of Engineering (Civil Engineering) – 96.9% ($3,000)
13. NTU Biomedical Sciences—Traditional Chinese Medicine – 96.7% ($3,000)
14. NUS Bachelor of Business Administration (Accountancy) – 96.6% ($2,750)
15. NTU Accountancy (3-yr direct Honours Programme) – 96.5% ($2,720)
16. NUS Bachelor of Business Administration (Accountancy) (Hons) – 96.2% ($3,000)
17. NTU Accountancy and Business – 95.9% ($3,380)
18. NTU Business and Computing – 95.2% ($3,450)
19. NUS Bachelor of Arts (Architecture) – 95.1% ($3,800)
20. NTU Computer Engineering – 95.0% ($3,200)
21. NUS Bachelor of Computing (Information Systems) – 94.1% ($3,100)
22. SMU Business Management (4-years programme) Cum Laude and above – 93.8% ($3,500)
23. NTU Maritime Studies – 93.6% ($3,000)
24. NUS Bachelor of Applied Science (Hons) – 93.1% ($3,100)
25. SMU Accountancy (4-years programme) – 93.0% ($2,800)
26. NUS Bachelor of Engineering (Materials Science and Engineering) – 92.9% ($3,000)
27. NUS Bachelor of Computing (Computer Science) – 92.5% ($3,300)
28. NUS Bachelor of Science (Project and Facilities Management) – 91.8% ($3,000)
29. NUS Bachelor of Engineering (Mechanical Engineering) – 91.4% ($3,250)
30. NUS Bachelor of Computing (Electronic Commerce) – 91.4% ($3,010)
31. NTU Computer Science – 91.1% ($3,192)
32. NTU Chinese – 90.9% ($3,180)
33. NTU Chemical And Biomolecular Engineering – 90.7% ($3,275)
34. NTU Business (3-yr direct Honours Programme) – 90.5% ($3,100)
35. NUS Bachelor of Engineering (Chemical Engineering) – 90.3% ($3,250)
36. NUS Bachelor of Engineering (Industrial and Systems Engineering) – 90.0% ($3,375)
37. NUS Bachelor of Computing (Computer Engineering) – 90.0% ($3,200)
38. NUS Bachelor of Engineering (Computer Engineering) – 90.0% ($3,100)
39. NUS Bachelor of Science (Real Estate) – 89.8% ($3,000)
40. NUS Bachelor of Business Administration (Hons) – 88.3% ($3,200)
41. NTU Mechanical Engineering – 88.1% ($3,100)
42. NUS Bachelor of Computing (Communications and Media) – 88.0% ($3,000)
43. NTU Information Engineering And Media – 87.9% ($3,000)
44. NTU Electrical And Electronic Engineering – 87.6% ($3,000)
45. NUS Bachelor of Engineering (Electrical Engineering) – 87.3% ($3,100)
46. NTU Aerospace Engineering – 87.1% ($3,500)
47. SMU Social Sciences (4-years programme) Cum Laude and above – 86.7% ($3,260)
48. SMU Information Systems Management (4-years programme) – 86.5% ($3,150)
49. SMU Business Management (4-years programme) – 85.6% ($3,000)
50. NUS Bachelor of Social Sciences – 84.3% ($3,200)
51. SMU Information Systems Management (4-years programme) Cum Laude and above – 84.2% ($3,831)
52. SMU Economics (4-years programme) Cum Laude and above – 84.2% ($3,500)
53. NUS Bachelor of Business Administration – 84.2% ($2,830)
54. NUS Bachelor of Engineering (Environmental Engineering) – 83.7% ($3,125)
55. NTU Communication Studies – 83.6% ($2,900)
56. NTU Mathematical Science – 83.3% ($3,200)
57. SMU Economics (4-years programme) – 82.7% ($3,500)
58. NTU Mathematics & Economics – 82.1% ($3,125)
59. NTU Materials Engineering – 81.3% ($3,032)
60. NTU Economics – 81.1% ($3,000)
61. NUS Bachelor of Arts (Hons) – 80.4% ($3,200)
62. SMU Social Sciences (4-years programme) – 79.5% ($3,000)
63. NUS Bachelor of Engineering (Bioengineering) – 79.5% ($3,000)
64. NTU Chemistry & Biological Chemistry – 79.2% ($3,100)
65. NTU Sociology – 77.1% ($3,200)
66. NUS Bachelor of Engineering (Engineering Science) – 76.9% ($3,200)
67. NTU Physics / Applied Physics – 76.5% ($3,200)
68. NUS Bachelor of Science (Hons) – 76.1% ($3,135)
69. NUS Bachelor of Arts – 74.8% ($2,825)
70. NTU Biological Sciences – 74.3% ($3,000)
71. NTU Bioengineering – 72.7% ($3,000)
72. NTU Psychology – 72.0% ($2,800)
73. NUS Bachelor of Science – 71.9% ($2,800)
74. NTU English – 70.5% ($3,250)
75. NTU Environmental Engineering – 69.7% ($3,099)
76. NTU Linguistics And Multilingual Studies – 66.7% ($3,100)
77. NUS Bachelor of Music – 65.0% ($2,500)
78. NTU Art, Design & Media – 61.9% ($2,700)
79. NUS Bachelor of Arts (Industrial Design) – 59.4% ($2,950)

The average monthly income of households living in condos is $19,026. For those families living in landed properties, the figure is $25,419. This is according to the Key Household Income Trends 2012 report published by the Singapore Department of Statistics.

The median monthly household income is now $7,570, up from $7,040 last year. If you and your spouse make a combined income of more than $7,570, your family is better off than half the households here.

Those at the upper echelons make much more. The families in the top 10% (“top decile”) make an average of $30,379, which is disproportionately high. The households in the next decile make just half of that, and the figures for the next few deciles go down linearly:

To benchmark your household income, enter your monthly household income (including employer’s CPF contributions):

Among the 263 SGX-listed companies analysed by Hay Group, the highest total remuneration received by a CEO is S$11.7 million.

The ranking of median income for CEOs in various industry sectors is as follows:

• Finance – $2.9 million
• Properties – $2.3 million
• Hotels/Restaurants – $1.6 million
• Construction – $1.4 million
• Multi-Industry – $1.1 million
• Commerce – $940k
• Transport/Storage/Communications – $800k
• Manufacturing – $780k
• Others – $625k

Also, according to the Hay Group report, deputy CEOs and COOs are the second-highest paid with a median total remuneration of S$481k, followed by CEOs of subsidiary companies and divisional/regional operation heads (both at a median of S$375k).

Comparing among key functional executives across all industry sectors, we have the following ranking of median total remuneration:

• Executive Chairman/CEO – $875k
• Deputy CEO/COO – $481k
• CEO of subsidiary company – $375k
• Divisional/Regional operation head – $375k
• Top Technology/Design/Product Development executive – $338k
• Top Finance executive – $324k
• Top Human Resource/Administration/Corporate Service executive – $324k
• Top Marketing/Sales/Business Development executive – $324k
• Others – $250k

On the other hand, if we compare the industry sectors, the ranking for median total remuneration of key executives is:

• Finance – $958k
• Properties – $552k
• Multi-Industry – $525k
• Transport/Storage/Communications – $383k
• Commerce – $375k
• Manufacturing – $375k
• Others – $375k
• Construction – $372k
• Hotels/Restaurants – $312k

Reference: Hay Group’s Singapore Top Executive Remuneration Report 2013 (media release)

All civil servants will get a total of 1.7 months of bonus at this year end, according to the PSD press release. This bonus consists of the standard one-month NPAA (also known as the 13th month bonus) and 0.7 month of AVC. This 1.7 months bonus is slightly less than the 1.75 months given out [...]

This is the 2012 edition of our ever-popular list of 100 best-paying jobs in Singapore. The Ministry of Manpower has just released Report on Wages in Singapore 2011 (released 29 June 2012). We use the wage data in this report to generate our Top 100 Jobs ranking table. The MOM wage data exclude bonuses and profit sharing. [...]

If you were a shareholder of Golden Agri Resources Ltd during the global financial crisis, you would have been given its eW120723 warrants. The conversion ratio of this warrant is 1:1. This means that if you exercise 1 warrant and pay the strike price of $0.54, you will receive 1 share. These are the steps to [...]

All civil servants will get a 0.3 month bonus this mid-year. The “Mid-Year Annual Variable Component” bonus will be paid out in July, according to the PSD press release. In addition, all Division III and Division IV civil servants will respectively receive salary increments of $30 and $60 on top of their normal annual increments. [...]

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We have yet again released the latest version of our most popular income benchmarking tool. It uses the latest available data from Iras. Simply enter your Iras assessable income below and see how you stack up against all resident taxpayers in Singapore: Interestingly, a $100k income will put you at the 79.3 percentile, compared to [...]

The law graduates from NUS Faculty of Law are once again at the top of the ranking table. This year, they make an average of $5,037 in gross monthly starting pay. (See our GES ranking for last year.) Graduates from SMU ISM and NUS Medicine are at a distant second and third with gross starting [...]