MOM releases wage knowledge for 570 professions, 36 pay over S$10K

Disclaimer: Until in any other case acknowledged, opinions expressed under belong solely to the writer. Information comes from the most recent annual report on Occupational Wages printed by the Singapore Ministry of Manpower.

Singapore’s Ministry of Manpower has simply launched its annual replace on median salaries, protecting 570 professions throughout 9 classes:

1. Managers
2. Professionals
3. Affiliate Professionals and Technicians
4. Clerical Assist Employees
5. Service & Gross sales Employees
6. Agricultural & Fishery Employees
7. Craftsmen & Associated Commerce Employees
8. Plant & Machine Operators and Assemblers
9. Cleaners, Labourers & Associated Employees

The primary three fall below the PMET group (Professionals, Managers, Executives & Technicians), whereas the remaining are categorized as non-PMET—and that is how we’re going to checklist them under. Please be aware, nevertheless, that whereas the publication is current, the info is from 2024, as MOM compiles these detailed figures just for the earlier yr.

However, not as a lot has modified since then, so let’s begin by looking on the best-paid occupations within the nation, which supply a median gross month-to-month wage of over S$10,000.

Greatest-paying jobs in Singapore

This yr, 36 professions have made this checklist, solely from the 2 high classes: Managers and Professionals.

Curiously, it’s not the managers who take advantage of, although, as the highest two spots go to flying instructors and overseas change brokers. C-Suite administrators are available in solely in sixth, and CEOs are down in twelfth, although it probably displays the truth that there are extra of them (since even smaller corporations want a chief govt), which makes their pool bigger and general median decrease.

That is value taking into account as you look by way of the numbers, as totally different occupations might have far fewer or way more knowledge factors.

As you’ll be able to see, it’s a extremely numerous combine consisting of managerial, technical, authorized and even inventive positions, from top-ranking managers and monetary merchants, by way of IT personnel and college lecturers, to movie administrators or information editors.

There’s a five-figure month-to-month job for nearly everybody—and there are well-paying ones in lots of different occupations, too. Have a look.

Singapore wage figures by job class

Right here’s the checklist of all 570 entries throughout 9 classes supplied by MOM, so you’ll be able to see how your revenue ranks towards the median in your job. Wages listed are for full-time employed residents solely.

PMET

Managers

Whereas managers are likely to take advantage of cash, being a supervisor doesn’t essentially assure excessive pay. In some instances, it’s doable to fall below the nationwide median of S$5,500 if working in retail, meals, sports activities or arts. A job title doesn’t essentially include a giant wage if the corporate itself isn’t bringing in a lot cash.

Professionals

That is the biggest group by the variety of totally different occupations that fall below it. Once more, regardless of being within the PMET class, it doesn’t assure nice pay. Flying instructors could also be pulling in a median of S$20,000, whereas counsellors can’t even make it to S$3,000.

Affiliate Professionals & Technicians

Whereas we’re climbing down the monetary ladder, lower-ranking professionals and technicians needn’t really feel resigned to a decrease wage, as some earn over S$8,000 and even S$9,000 per 30 days. All of it is dependent upon the mix of worth, abilities and expertise, even with out the badge of a giant MNC director.

Non-PMET

With a median wage of simply S$3,000, these falling exterior of the PMET class are paid a lot lower than PMETs, half of whom earn S$7,300 or extra. Nevertheless, even in case you’re one of many clerical, gross sales or manufacturing staff, there are jobs obtainable that pay significantly above the common figures.

Moreover the same old foremen and supervisors, who could make nicely over S$7,000, senior stewards or certified gear installers aren’t far behind, and in case you’re good with locks, you’ll be able to apparently make nearly S$10,000 as a locksmith!

Clerical Assist Employees

Service & Gross sales

Agricultural & Fishery

Craftsmen & Associated Trades

Plant & Machine Operators and Assemblers

Cleaners, Labourers & Associated

Abilities and duty pay

The checklist largely confirms what all of us nicely know—that your pay will increase both with talent or duty. Normally, the latter follows the previous, and as you’re getting higher on the essence of your job, you’re given extra duty, climbing as much as supervisory or managerial roles.

That is true for non-PMET positions as nicely, the place senior personnel can see earnings strategy their degree-bearing friends within the white-collar company world.

And it would turn into a broader pattern sooner or later, if AI begins to threaten essentially the most profitable jobs, that are extra simply automated with software program, as noticed by this Belgian recruitment firm two years in the past:

It’s going to be attention-grabbing to observe and examine MOM’s future releases for indicators of it taking place in Singapore within the coming years.

• Learn different articles we’ve written on Singapore’s present affairs right here.

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