Top paying industry


While looking at the data in the recently released MOM Report on Wages in Singapore 2006, I compared the gross wages of managers and professionals across “major occupational groups”.

As defined by MOM, these 12 major groups or otherwise called “industries” are: manufacturing, construction, wholesale & retail trade, transport & storage, hotels & restaurants, information & communications (infocomm), financial services, real estate & leasing services, professional services, administrative & support services, education health & social services, and arts entertainment recreation & other services.

The survey took into account the wage data of more than 30,000 managers and more than 25,000 professionals. However, the wage data do not include performance bonuses, profit sharing and stock options.

Here are my findings:

For each industry, the average gross wage is always higher than the median gross wage.

This reflects the uneven spread – the people higher up make much more money. In other words, the wage gaps widen more as you move higher up the corporate ladder.

So I’ll use the average gross wage data to compare the industries.

According to my findings, the top industry for managers is, not surprisingly, financial services. The following are the industries ranked by average gross wage for managers (highest shown first):

  1. Financial services – $9,682
  2. Professional services – $8,870
  3. Information & communications (infocomm) – $8,699
  4. Education health & social services – $7,258
  5. Transport & storage – $7,162
  6. Manufacturing – $7,141
  7. Wholesale & retail trade – $7,004
  8. Real estate & leasing services – $6,504
  9. Construction – $5,496
  10. Administrative & support services – $5,398
  11. Arts entertainment recreation & other services – $5,186
  12. Hotels & restaurants – $3,971

As for professionals (who earn much less than managers), the top industry is education, health & social services, with financial services following closely at 2nd spot. The following is the ranking table for average gross wage for professionals:

  1. Education health & social services – $6,508
  2. Financial services – $5,343
  3. Transport & storage – $5,085
  4. Professional services – $4,492
  5. Information & communications (infocomm) – $4,417
  6. Wholesale & retail trade – $4,351
  7. Manufacturing – $4,153
  8. Real estate & leasing services – $3,753
  9. Arts entertainment recreation & other services – $3,548
  10. Administrative & support services – $3,489
  11. Hotels & restaurants – $3,322
  12. Construction – $3,237

So, maybe a good strategy is to start as a professional in the financial services industry, and then move up to become a manager.

Another good industry is perhaps education, health & social services, but it’s not clear exactly which of education, health or social service pays the best.

I say, stick to financial services. If you have a choice.


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  2. Sir/Madam,

    Sub: Looking for scholarship/sponsorship for Higher Education.

    With due respect, I am appealing you for guiding me to achieve my aim of education. As I am sure that you will help me with your soft-hearted mind, I am giving a little introduction of myself as below.

    This year I have finished Madhyamik Examination(Standard X) from West Bengal Board of Secondary Education( which is one of the most valuable boards of India) carrying 90% marks(overall) and 97% marks in Science group(ranking within 25 out of 1 million students in West Bengal) Also this year I have completed graduation in Fine Arts( Painting ). Also complited many computer education, And also continuing diploma in software engineering under Jadavpur University as well as Higher secondary education Class XI under WBSE
    I am interested to study duel Engineering (Diploma in Aerospace Engineering/ Computer Engineering )and (B.E in Electronics/ Aerospace Engineering) from Singapore (from April 2010 after completion of class XI) . Then also I want to study M.E after completion of those duel Engineering from any university of U.K/Singapore.

    At present I am looking for any sponsorship/scholarship to fulfill my aim in life. Therefore I am requesting you to help me with your kind heart. Hope you will be happy after going through my resume.

    ( N.B-My resume are is attached file)

    Thanking You,

    Yours truly,

    Ishani Mondal


    NAME : Ishani Mondal

    FATHER’S NAME : Debangshu Mondal


    MAILING ADDRESS : 4/3k/340,Sarsuna Satellite Township

    DATE OF BIRTH : 25TH of September , 1992

    SEX : Female.

    NATIONALITY : Indian.

    RELIGION : Hindu


    Sl,no Board/university Particulars Year of passing Percentage of marks Subjects
    1 West Bengal Board of Secondary Education Madhyamik
    (Standard X) 2009 90% Bengali, English, Mathematics, Ph.Science( Physics & Chemistry), Life Science(Biology), History & Geography.
    2 West Bengal Board of Secondary Education H.S Part-I
    (Standard-XI) Continuing Physics, Chemistry, Mathematics, Computer Science, English, Bengali.
    3. Jadavpur University (through Brainware Academy) Diploma in Computer Programming (2years) Continuing C, C++, Java, and other software programming


    Sl no University/Institute Particulars Year of passing Percentage of marks Subjects
    1. Nikhil Bharat Sangeet Samity
    (Recognized by Indian International Rural Culture Centre, New Delhi) Senior Diploma in Fine Arts( Two Years) 2006
    88% Painting
    2. Nikhil Bharat Sangeet Samity
    (Recognized by Indian International Rural Culture Centre, New Delhi) Graduation in Fine Arts
    (Three Years) 2009 Waiting for result. Painting
    3. Brainware Academy Certificate course in Computer programming languages 2009 Waiting for result. Languages like C,C++
    4. Brainware Academy Certificate course in IT Smart 2009 83% Multimedia-
    Adobe Photoshop, Animation,
    Sound Editing in Audacity, Introduction to
    Internet facilities.


    Can Read Can Speak Can Write

    English, Hindi, Bengali
    English, Hindi, Bengali English, Hindi, Bengali

    Date : Signature

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