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Eugene Soo, only 26 years old, makes $20,000 a month as a financial adviser (sometimes called “insurance agent”). The Nanyang Polytechnic and NTU alumnus already made it to the “Million Dollar Round Table” in his first year of work, making $8,000 to $10,000 at that time. Now, he saves $16,000 each month. See today’s Sunday [...]
Bernard Siew works for a cosmetic dentistry chain and collects a pay check of at least $13,000. An Australian working in Singapore, he revealed in the Sunday Times Me & My Money column that he tries to save “as much as half my income”. The other half is for expenses that include rental, food and [...]
And he’s only 28 years old. This puts him in the top 90% top 10% in his age group, according to Salary.sg’s benchmarking tool. But Mr Dharambir the security guard is in the news for a different reason. While having a drink with his friends, he boasted about his $4,000-a-month salary, and later got hit [...]
Read the full article at Security Guard Makes 4kWhich are the industries that pay the highest monthly salaries? In this post, we’ll look specifically at the industries that has the highest proportion of employees making $10k or more in monthly income. The results are derived from recently released data from MOM. At number 1, we have “Financial & Insurance Services”. A whopping 17.3% [...]
Read the full article at Industries with Highest Proportion Earning 5-Figure Monthly IncomeIn the news recently is a 31-year-old trader who singlehandedly lost about $10 billion for his company. Yes, you heard it right – it’s ten billion dollars. That is: 1 followed by 10 zeros. His name is Jerome Kerviel, and he works as a junior trader for the French bank Societe Generale. What is interesting [...]
Read the full article at Junior Trader Makes $200kSome of the top lawyers in Singapore will get up to 9 months bonus payout this year. The Straits Times reported that Drew & Napier and Rajah & Tann are giving fat bonuses across the board. Harry Elias Partnership and KhatterWong are also giving big bonuses of 5.5 to 8 months to their staff. The [...]
Read the full article at 9 Months Bonus for LawyersMinistry 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 [...]
Read the full article at More Pay and Bonuses for TeachersA 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 [...]
Read the full article at From Lawyer Insider: Life is Glamorous but UnsatisfyingIt’s no secret that one easy way to “promote” yourself and to give yourself a salary raise is to job hop. While it’s been frowned upon in the past, it’s now part and parcel of career progression. A tool of the trade. Saying no to job hopping is unwise – loyalty is an overrated attribute. [...]
Read the full article at Time to Job Hop, Happy New YearThe 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 [...]
Read the full article at 4 Highly Paid Professions
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