Comments on: Financial Services Pay Highest

By: admin

admin — Wed, 21 Nov 2007 15:08:39 +0000

kris, are you very sure the figures are skewed only by the sales people?

By: kris

kris — Mon, 19 Nov 2007 13:00:30 +0000

I’ve always felt that the statistical figures for financial services sector were grossly misrepresented, simply because I presume that the main contributory factor in elevating the wage figues in finance sector came from sales of financial products, which in my opinion, should be classified under a different category as opposed to finance. Just like the wages of an accountant/FX dealer in a construction/commodities firm do not fall under the categories of construction and manufacturing sectors, sales of investment products should not be classified under the financial sector. No offence to the ‘front office’ personnel since they’re the ones bringing in the ‘dough’, but such misrepresentation does not truly reflect the situation in the finance industry for those engaged in real financial work, not sales.

By: admin

admin — Fri, 09 Nov 2007 08:52:55 +0000

ugene, yes bonuses are taken into account. The “nominal earnings” are taken from CPF data and include bonuses.

By: ugene

ugene — Fri, 09 Nov 2007 06:12:34 +0000

Does this take into account bonuses?

By: admin

admin — Tue, 06 Nov 2007 10:53:47 +0000

at82, I haven’t come across such data. But my guess is that the median is usually lower than the average (which is often skewed by stratospheric outliers).

By: at82

at82 — Tue, 06 Nov 2007 07:19:19 +0000

Any idea what is the median wage for each industry?