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The 10 Highest Paying Jobs in Singapore Will Make You Cry (or Switch Careers)

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Jeff Cuellar

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Are you happy with your salary? Rhetorical question I know – well, it is at least for more than 80% of Singaporeans according to a recent survey on the matter.

One thing that jumped out about the survey that we covered in a recent article is that most Singaporeans involved in the survey said that they would be happy with a salary of $6,000 a month.

But only about 20% of Singapore employed residents earn $6,000 or more a month! The funny thing is that the top 10 highest paying jobs in Singapore make that number look like the minimum wage (oh, forgot that we don’t have that in Singapore).

One thing is for sure – you’re definitely A LOT happier with your salary (can’t say the same about the work/life balance) if you’re lucky (depending on your perspective) enough to have one of the 10 highest paying jobs in Singapore:

 

#1 Managing Director/Chief Executive Officer (CEO)

Can you tell which one is the CEO?
Can you tell which one is the CEO?

Median Gross Monthly Salary: $31,800

 

#2 Specialist Medical Practitioner (Medical)

Medical school eventually pays off... and quite handsomely.
Medical school eventually pays off… and quite handsomely.

Median Gross Monthly Salary: $30,250

 

#3 Specialist Medical Practitioner (Surgical)

With great responsibility, comes a great pay check.
With great responsibility, comes a great pay check.

Median Gross Monthly Salary: $26,516

 

#4 Trade Broker (Including Oil/Bunker Traders)

Hmmm... I wonder why Oil Trade Brokers make so much. Let's ask this oil tanker shall we?
Hmmm… I wonder why Oil Trade Brokers make so much. Let’s ask this oil tanker shall we?

Median Gross Monthly Salary: $21,667

 

#5 Foreign Exchange Dealer/Broker

Now here's a business that's always in demand. Singapore is a financial/banking hub after all.
Now here’s a business that’s always in demand. Singapore is a financial/banking hub after all.

Median Gross Monthly Salary: $19,083

 

#6 Chief Operating Officer (COO)/General Manager (GM)

Take a guess which one's the COO? (Here's a clue, the unhappy one is the CFO)
Take a guess which one’s the COO? (Here’s a clue, the unhappy one is the CFO)

Median Gross Monthly Salary: $17,087

 

#7 Company Director

The salary is not inclusive of any fancy gifts given by workers looking to curry favour.
The salary is not inclusive of any fancy gifts given by workers looking to curry favour.

Median Gross Monthly Salary: $17,050

 

#8 Ship Broker

No real natural resources in Singapore = big business for ship brokers who negotiate transport deals.
No real natural resources in Singapore = big business for ship brokers who negotiate transport deals.

Median Gross Monthly Salary: $17,000

 

#9 General Practitioner/Physician

There's always a need for good General Practitioners  in Singapore (especially during flu season).
There’s always a need for good General Practitioners in Singapore (especially during flu season).

Median Gross Monthly Salary: $16,354

 

#10 Commodities Derivatives Broker

I think you get the picture...
I think you get the picture…

Median Gross Monthly Salary: $15,000

 

Note: Salary statistics taken from Salary.sg’s list of the top 100 highest paying jobs in Singapore according to the Ministry of Manpower’s (MOM) occupational wage tables.

 

Final Note: It’s not that hard to make $6,000 a month – it just takes a combination of backbreaking work, Game of Thrones-like workplace scheming/backstabbing and sheer luck to hit that mark.

You’ll also need to pray that inflation remains ridiculously low, your yearly wage increment is 10% or more each year and you’ll need to find a way to earn some income on the side – preferably from activities that won’t get you thrown in Changi Prison.

Not that hard at all…

 

 

What do you think about the top 10 highest paying jobs in Singapore? Share your thoughts with us on Facebook! For even more useful information on everything personal finance, visit MoneySmart today!

Images: wikipedia (image one), wikipedia (image two), onlinedegrees.org, Cliff, epSos.de, SVA Svenska Cellulosa Aktiebolajet, Bart Everson, pete, Steven DepoloRay Mahoney 马汉年

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Jeff Cuellar

I'm known by many titles: copywriter, published author, literary connoisseur, ex- U.S. Army intelligence analyst, and Champion of Capua.

  • Ora Aurora

    in life u have to make choices, yes those jobs pay well, but those people have no life at all, they just work, I rather win less, but Singapore really needs a minimum wage of a 1500SGD for the lowest jobs at least, modern slavery has to be fought.