Updated 5 May 2017
UK-based news site, Independent, named Singapore as the costliest city to live in worldwide. According to its Worldwide Cost of Living Survey, Singapore surpassed of more than 130 countries based on basic grocery commodities to the cost of transportation fares.
A basic lunch menu with drinks can cause S$12, while an 8km taxi trip can cause S$11. Renting a 45m2 apartment can cause S$1,983 a month and the utilities can average to S$122 monthly.
Living in Singapore may mean that you can enjoy a life in a first world country with benefits of world-class transportation and living areas, however, you have to get a good job with stable pay to survive.
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10 Highest Paying Jobs in Singapore 2017
Salary Range per Month: $5,000 – $8,300
As a Settlement Manager in banking and finance industry, you will be required to facilitate treasury settlements, ensure accurate and reliable cash flow, as well as pool price forecast. To do this, you have to responsible for managing staff in a fast paced, detail oriented environment with strict deadlines.
Salary Ranger per Month: $4,000 – $8,000
Legal Secretaries perform secretarial tasks in law offices. They are expected to write legal documents such as summons, subpoenas, motions, and such. They also do standard secretarial duties such as answering calls or emails, greeting clients and transcribing data.
Salary Ranger per Month: $5,500 – $9,000
Your tasks may range from interpreting cash flows to providing future expenditure plans. Yes, you need to predict the future trends through data analysis. As a financial adviser for the company, you need to always be updated, farsighted, driven to expand the business.
Finance Compliance Manager
Salary Range per Month: $8,000 – $10,000 per month
You must be always up to date in all changing laws that could affect your company. Then, you need to ensure that every staff complies with the new law through proper training and seminars. Training have to be met annually because no company wants to unknowingly cross the laws.
Digital Marketing Manager
Salary Ranger per Month: $6,000 – $10,000
You are expected to manage various campaigns using various digital marketing techniques such as paid SEO, social media, and well-designed websites. Make sure that the company’s target clients are aware of the brand (and its products/services) by always bringing relevant marketing developments.
Quality Lead or Manager
Salary Ranger per Month: $6,000 – $10,000
Are you a meticulous type of person? Quality managers ensure that the company meets customer expectations. The product or service provided is consistent and meets every laid out requirement. To do this, you have to set up as well as maintain control and documentary procedures.
IT Security Consultant
Salary Ranger per Month: $7,000 – $10,000
Are you enticed with the cyber war against hackers? Being an IT Security Consultant or Specialist, you have to focus on understanding the risks to your company’s data. You need to analyze possible security breaches and strengthen the system.
Scientific and Regulatory Affairs Specialist or Manager
Salary Ranger per Month: $4,000 – $12,000
Being a Scientific and Regulatory Affairs Specialist, you are expected to have vast knowledge on scientific, legal and business issues. This is to ensure that any product developed, manufactured or distributed by your company do not go beyond the bounds of the law.
Salary Range per Month: $7,500 – $12,000
You will need to design and develop financial application tools that will help individuals manage their finances in a breeze. As a financial tech developer, you have to foresee ways to make digital financial transactions easy and secured.
Salary Ranger per Month: $8,000 – $15,000
As the Finance Controller, you will be responsible for banking and finance activities, insurance recommendations and related purchases, proper reporting and payment to all taxing authorities, and corporate documentation. Simply, you need to ensure that proper accounting is done and your company is profitable.
MOST IN-DEMAND JOBS IN SINGAPORE 2017
2017 was welcomed with high demands on:
- Service and Sales Workers
- Associate Professionals and Technicians
- Cleaners, Labourers and Related Workers
- Managers and Administrators
- Clerical Support Workers
- Plant and Machine Operators and Assemblers
- Craftsmen and Related Trades Workers
According to Ministry of Manpower, the Services Industry has the most vacant jobs. A total of 83.5% of job vacancies is needed to be filled up. This includes accommodation, personal, and Food & Beverage Services.
With these number of vacant jobs, most Singaporeans would rather not take them up. Why?
MOM shared these top reasons:
- Find Pay Unattractive
- Prefer Shorter Workweek
- Find The Job Physically Strenuous
- Prefer Not To Do Shift Work
- Find The Working Environment Not Conducive
- Find The Image Of The Sector Poor
TOP 5 LEAST PAID JOBS
Food and Beverage Industry – Service Crew/ Waiter
Salary Range per Month: $1,000 – $1,835
Keeping a restaurant tidy and going smoothly is no joke especially if the shop is understaffed. A service crew takes and serves orders, cleans and sets tables, and even does cashiering. There are no requirements, however, there are also no holidays due to under-staffing.
Hospitality Industry – Room Attendant/Receptionist
Salary Range per Month: $1,304 – $1,797
With billions of tourist visiting Singapore each year, most of them are demanding, and there fewer servers to attend to them. There are usually no requirements but some hotels require certificates. Some attendants and receptionists do jobs that are in other departments due to under-staffing.
Service Industry – Cleaner
Salary Range per Month: $1,025 – $1,347
Most Singaporeans will not take this job, it pays less and the job itself if dirty. On average the income is $700 for half-days. They vacuum, sweep, mop, dust, and clean comfort rooms. Most Singaporeans would rather let the foreigners take the job.
Construction Industry – Construction Worker
Salary Range per Month: $450 to $1500
It is no fun to work under the scorching heat of sun rays, especially if the pay is low. It is a manual labor that requires physical strength. A construction worker earns $450 to $1500 depending on the skill and experience.
Beauty Industry – Nail Technician
They earn $1,200+ to $1,800+ a month for taking care of hands and feet massage while building good customer relationship despite some clients being irate.
Even if you got a job you may still end up in sticky situations and if you need a quick fix for dry months, you can always apply for a flexi-loan offered by legitimate money lending companies in Singapore. Flexi loans have flexible payment arrangements offered to those with annual net income not higher than S$20,000. This is specially created to help those with very low salary.
Whichever job you are able to get, remember that with dedication and hard work everything will surely pay off.
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