Author: Salary.sg - Your Salary in Singapore

Median Household Income is $7,870 Per Month

In a recent Singstat’s press release, it is stated that Singapore households earn a median monthly income of $7,870. This is a 4% increase from last year. Note that this is the median of households that have at least one person employed. We understand that some households have three or more members who are employed and earning an income. We will analyse the full report and post more information in a couple of...

Read More

Personal Finance App – An Interview with the Developer of “Clara”

by Mark Schreiber, Salary.sg guest contributor Salary.sg is pleased to interview the software developer of a new mobile personal finance app. Meiwin Fu is a software engineer with 10 years of experience under his belt. Currently working at a small startup in Singapore, he builds software products for enterprises. The name of Meiwin’s personal finance app is “Clara”. It is designed to help the user perform money management tasks “easily and effortlessly”. Download the Clara iOS app today (click this link to install from App Store). Interview Salary.sg: You’re an entrepreneur here in Singapore who has published several personal finance apps,...

Read More

Chinese New Year Ang Bao Market Rate

As the lunar new year is coming, those who are involved in it in one way or another have to be prepared to give out the customary red packets aka “Ang Baos”. We saw the following “market rates” in social media and it was attributed to PerfectWeddings.sg: High Income – Combined income of $150k and above annually Parents $88 – $200 In Laws $88 – $200 Own Children $20 – $80 Nephews and Nieces $20 – $50 Children of Friends and Colleagues $20 – $50 Grandchildren $20 – $50 Middle Income – Combined income of $30k – $150k annually Parents $48...

Read More

Air Stewardess Salary

Air stewardesses make an average of S$3,500 to S$6,000 per month. This is based on info posted in a blog post we came across and specifically for Singapore Airlines. Also known as “flight attendants”, “flight hostesses” and “cabin crew”, these ladies attending to your needs in the sky also enjoy a host of allowances, including overnight allowance, turnaround allowance, laundry allowance and long haul flight allowance. Degree holders earn a little more than non-degree holders. Requirements for Singapore Airlines: * Singapore Citizens and Malaysian * Minimum age of 18 years old * Females who are at least 1.58m; males who...

Read More

2 Books on Achieving Financial Freedom

Salary.sg recommends these 2 books to help you achieve financial freedom. Think and Grow Rich: Your Key to Financial Wealth and Power, by Napolean Hill is a secular bible of the self-help movement. First published in 1937, it is more about succeeding in life in general than simply earning money. Hill was a pioneer of the motivational movement, focusing on the power of the the mind to overcome all obstacles. His philosophy, based on interviews with Andrew Carnegie and other business titans, was the opposite of Buddhism, for whereas Buddhism strives to extinguish desire, Hill urged his readers to...

Read More

Compare Your Annual Income 2013

This is our latest 2013 version of the most popular income benchmarking tool on Salary.sg. It uses the latest data from IRAS, fresh from their just-released Annual Report 2012/2013. To benchmark / compare your annual income – including all commissions, bonuses, part-time salaries – simply enter your IRAS assessable income below and see how well you stack up against all resident taxpayers in Singapore: A $100k per-annum income will now place you at the 78.2th percentile, compared to 79.3th in the previous version of this tool (which uses last year’s IRAS data). This is a drop of almost 1 percentile....

Read More

Civil Service Bonus Mid-2013

The Public Service Division has just announced that the civil service mid-year bonus payments will be 0.4 month. This mid-year annual variable component (AVC) will be paid out in July. Besides this, Division III and IV officers will receive wage increments of $40 and $70 per month respectively. The mid-year bonus for 2012 was 0.3 month and the corresponding increments for Div III and IV officers were $30 and $60. The 2012 year-end bonus was 1.7 months. This means the total bonus for 2012 was 2...

Read More

Graduate Employment Survey 2012 (Published 2013)

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...

Read More

Benchmark Your Household Income 2013

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...

Read More

CEO Remuneration

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...

Read More

Civil Service Bonus End-2012

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 at end of last year. Taking into account the 0.3 month already given out in mid-2012, civil servants are set to receive a total of 2 months bonus for the whole of 2012, which is less than last year’s total of 2.25 months +...

Read More

Top 100 Jobs In Singapore (2012)

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. You may also wish to note that “(t)he wages for certain occupations, especially those where performance-based bonuses constitute a significant portion of total wage, would be lower than expected. Examples of such occupations are brokers, dealers and senior management staff.” Without further ado, we...

Read More

Like us on Facebook

Follow us on Twitter