Top 10 Well Paying Jobs in Singapore in 2013 (That You Might Be Able to Do)

just like in USA, nobody no americans wanna to be an engineer typically..

The Best Paying job is to become Singapore Minister!

The new monthly pay for a Singapore Member of Parliament (who does virtually nothing) is S$192,500 (US$148,306) per year tax free.
In addition to their inflated salaries, the Singapore politicians and elite gets extra pay as appointed company directors!

Singapore (tax free!):
Prime Minister Lee Hsien Loong: US$1,700,000.
Singapore President: US$1,190,000
Singapore cabinet ministers: US$850,000
Singapore members of parliament: US$148,306

(31-03-2013, 01:28 PM)xis Wrote: The Best Paying job is to become Singapore Minister!

The new monthly pay for a Singapore Member of Parliament (who does virtually nothing) is S$192,500 (US$148,306) per year tax free.
In addition to their inflated salaries, the Singapore politicians and elite gets extra pay as appointed company directors!

Singapore (tax free!):
Prime Minister Lee Hsien Loong: US$1,700,000.
Singapore President: US$1,190,000
Singapore cabinet ministers: US$850,000
Singapore members of parliament: US$148,306

I always wonder how true it is. Let's find out

I assume Lee Hsien Loong should be on par in capability with his younger brothers, Lee Hsien Yang. How much does Lee Hsien Yang paid?

IIRC, Lee Hsien Yang's ex-chairmanship of F&N paid S$1 million a year + S$250K chairman fee. It is already S$1.25 million. He also chairman of CAAS, probably another S$250K fee, so total S$1.5 million

Chairman of board is not a full-time job. Lee Hsien Yang's full time job is private investor with his accumulated wealth.

It should be easily concluded that Lee Hsien Yang paid better than Lee Hsien Loong. On top of that, Lee Hsien Yang seems has a much better life, no need to face voters, no need to seek successor, no need to find a better future for Singaporean which is a tough challenge. Lee Hsien Yang not even need to be a full-time employee.

So is PM job a better choice for Lee Hsien Loong in monetary sense? Hmm...

(31-03-2013, 01:28 PM)xis Wrote: The new monthly pay for a Singapore Member of Parliament (who does virtually nothing) is S$192,500 (US$148,306) per year tax free.

It is not true that MPs do virtually nothing. Whether ruling or opposition party MPs, they have a lot to do. As Mr George Yeo (he was more than an MP) said recently:

"Politics is insistent in its claim on your time and in its demands on one's nervous energy. That part, I don't really miss," he admits with a laugh. "Because I have more freedom now, less of that constant pressure."

waiting for the days when depositors' monies are taxed besides the near zero rate.

(31-03-2013, 01:28 PM)xis Wrote: The new monthly pay for a Singapore Member of Parliament (who does virtually nothing) is S$192,500 (US$148,306) per year tax free.

I suppose you must be a RC member since you know that they do nothing.
Care to elaborate more?

IMO, this list is propaganda to urge students towards non-banking or financial sector jobs.

(31-03-2013, 02:20 PM)CityFarmer Wrote: I always wonder how true it is. Let's find out

I assume Lee Hsien Loong should be on par in capability with his younger brothers, Lee Hsien Yang. How much does Lee Hsien Yang paid?

IIRC, Lee Hsien Yang's ex-chairmanship of F&N paid S$1 million a year + S$250K chairman fee. It is already S$1.25 million. He also chairman of CAAS, probably another S$250K fee, so total S$1.5 million

Chairman of board is not a full-time job. Lee Hsien Yang's full time job is private investor with his accumulated wealth.

It should be easily concluded that Lee Hsien Yang paid better than Lee Hsien Loong. On top of that, Lee Hsien Yang seems has a much better life, no need to face voters, no need to seek successor, no need to find a better future for Singaporean which is a tough challenge. Lee Hsien Yang not even need to be a full-time employee.

So is PM job a better choice for Lee Hsien Loong in monetary sense? Hmm...

xis's statement that the PM has a tax free salary is not correct lah.

Anyway, I can think of 2 other persons with potentially more generous salaries and better quality of life.

1. S R Nathan. Should have collected around $30-$40 million over his ten year "appointment" period. Did not have to face any ballot, i.e. not much stress and a lot of sight-seeing and entertainment.

2. Kwa Chong Seng. He is the cousin of Kwa Geok Choo. I have no idea what his actual salary is. He is deputy chairman in Temasek Holdings, and is on the boards of Public Service Commission, DBS, NOL, ST Engineering, etc...

I agree the best senang job is to be a politician relac still got high pay and most important got an army of civil servants to do everything for you.

Anyway this is a more comprehensive list. (by monthly gross wages)

http://www.salary.sg/2012/top-100-jobs-i...pore-2012/

(01-04-2013, 06:13 AM)HitandRun Wrote: xis's statement that the PM has a tax free salary is not correct lah.

Anyway, I can think of 2 other persons with potentially more generous salaries and better quality of life.

1. S R Nathan. Should have collected around $30-$40 million over his ten year "appointment" period. Did not have to face any ballot, i.e. not much stress and a lot of sight-seeing and entertainment.

2. Kwa Chong Seng. He is the cousin of Kwa Geok Choo. I have no idea what his actual salary is. He is deputy chairman in Temasek Holdings, and is on the boards of Public Service Commission, DBS, NOL, ST Engineering, etc...

Let me share an experience. Some years ago, i attended a meeting which involve upper management and CEO advisers. One "Encik" seems the focus of the meeting, and talked a lot. IMO, the talks were nonsense, but all including CEO listened.

Later after the meeting, I found that the "Encik" is an adviser to CEO, and an important person to the company with his social networks and connections.

A person is paid not only on his/her effort, but also the "value" as what he/she is, which has been built-up years back.