Best Paying Jobs And Sectors For Graduates In Singapore

Want to know the average salary for your position in Singapore? Here is the latest list of up-to-date, quality salary surveys according to salary levels and employment trends. Some of the best paying careers in Singapore are in the sectors such as medicine, management, finance, administrative, law, engineering and shipping sector.
To secure a senior executive position, candidates should ideally possess an postgraduate qualification from an internationally accredited universities, An MBA in Singapore or an Executive Master of Science program will be highly desirable to ensure excellent career options. Most established business schools in Singapore including INSEAD, Chicago and Baruch college, The City University of New York also offer excellent executive and career placement programs where major MNCs and agencies are invited to their networking sessions.
A brief list of best paying careers along with indicative monthly salaries is given below:
Doctors and Physician:
While specialized surgeons and neurosurgeons are the highest paid, general physicians and surgeons are paid less.
Specialized surgeon - $ 30,755
General Surgeon - $ 17,872
General Physician - $ 6,173
Managerial Posts:
The list below is indicative that may vary with experience and responsibility of job. A management qualification or MBA is desirable or compulsory for most positions.
Managing Director - $24,472
General Manager - $16,667
Company Director - $15,513
Operations Manager (Finance) - $9,808
Computer and Information System Manager - $8,930
Personnel/ Human Resource Manager - $8,420
Business Development Manager - $ 8,290
Marketing Manager - $8000
Advertising and Public Relations Manager - $7,533
Sales Manager - $7,100
Finance:
This was the most lucrative sector to work as per data released on 2008. Recession may have taken a hit but still it remains most lucrative sector to build a career.
Commodities and Futures Broker - $17,464
Foreign Exchange Dealer and Broker - $11,095
Fund Manager - $8,125
Budgeting and Financial Accounting Manager - $8,000
Personal Banker - $ 6,250
Financial Analyst - $6,000
Securities Dealer and Broker - $5,750
Actuary - $5,100
Credit Analyst - $4,631
Law:
Legal Service Manager - $12,318
Legal Officer - $9,790
Lawyer (Except advocate and solicitor) - $7,400
Engineering:
Engineers are not highly paid in Singapore. As a result, some shift to other career options with MBA and some go for sales.
Power Generation and Distribution Engineer - $7,848
Chemical Engineer (Petrochemical) - $7,547
Automation Engineer - $6,680
Instrumentation Engineer - $6,616
Marine Superintendent Engineer - $6,340
Aeronautical Engineer - $5,242
Production Engineer - $5,091
Civil Engineer - $4,746
Electrical Engineer - $ 4,665
Electronics Engineer - $4615
Shipping:
Career in shipping sector is well paid.
Ship-master - $8,671
Shipping Manager - $5,721
Naval Architect - $5,480
Ship rigger - $4,933
Others:
Producer/ Director of Commercials - $5,150
Market Research Analyst - $5,174
Sales Representative (Medical and pharmaceutical products) - $4,801
Flight Operations Officer - $4,801
The list above is prepared as per data provided by MoM (Ministry of Manpower) Government of Singapore in 2008. To generate the indicative monthly salary, the third-quartile monthly gross wages has been taken into account. Performance bonuses, profit sharing and stock options are not included in the indicative average monthly salary.
Top executives in MNC, accountants, lawyers, bankers took home more than $4 million (Iras year of Assessment 2007). Median income for top 8 earners in MNCs was $4.86 million per annum, for lawyers (mainly advocates and solicitors) it was $4.65m followed by bankers ($4.40m) and accountants ($4.40m).
While top doctors and architects make a lot of money, engineers continue to be underpaid with a mere $0.75/annum. As per survey by Singapore Medical Association, median monthly income for a doctor is $13,758. Average of top 4th and 5th earners is taken to calculate meridian income.

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Five Affordable High Paying Online Engineering Degree Programs

Engineering students can expect to work in one of the highest paying careers for a new graduate. An affordable online engineering degree program is a way to start cashing in on the higher salary faster than if the degree was obtained through a more expensive traditional campus based university. Of the 17 engineering specialties, the five engineering degree programs that are expected to have a good outlook for employment in the future are chemical engineering, civil engineering, mechanical engineering, environmental engineering and industrial engineering.

Job growth for environmental engineers is expected to increase by 25% over the next decade according to the US Bureau of Labor. Increasing environmental regulations and proactive concern for the environment are influencing the expected growth in this field. The pay range for this specialty ranges from a low of $43,000 to a high of $106,000 with a median salary of $69,000. Schools such as Worcester Polytechnic Institute offer online masters of engineering programs in this field.

Industrial engineering positions are expected to increase by 20% over the next decade. Industrial engineers study the most effective way to affect production through the use of resources; people, material, and processes. Salaries range from a low of $44,000 to a high of $100,00, with the median being $68,000. Penn Foster College is an online college that offers this degree.

Civil engineering is another specialty that is expected to grow faster than average at a growth of 18% over the next decade. Civil engineers are needed to keep up with the demand of an increasing population in developing infrastructure. The salary range is a low of $44,000 to a high of $104,00, with the median being $68,000. Penn Foster College and Norwich University offer online civil engineering programs.

Chemical engineering positions are expected to grow at an average rate of 8%. Pharmaceutical companies are the most likely to need engineers. Also companies involved in biotechnology and nanotechnology. The salary range is a low of $50.000 to a high of $118,000 with the median being $78,000.

Job growth for mechanical engineers is expected to increase only 4%, but mechanical engineers will be able to enter other specialty areas because of their more broad background. Areas of nanotechnology, materials science, and biotechnology are areas where mechanical engineers can fill the bill. The salary range is a low of $45,000 to a high of $104,000 with the median being $69,000. The University of Delaware offers an online masters program in mechanical engineering.

The overall outlook for engineers of any specialty is good with an expected growth of 11%. Currently there are 1.5 million engineers working in a wide variety of specialties. Civil, mechanical, industrial, and electrical engineers hold the four top positions number of engineers employed.

Many schools such as Ashford, Drexel, University of Toledo, Polytechnic, Eastern Kentucky, Norwich, University of Delaware and Penn Foster College offer online engineering programs.

An online college and university website can provide information about the various programs, colleges and universities, costs, and financial aid. Advisors are available to answer questions, and you can send for information to read at your leisure.

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