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 BEST PAYING JOBS IN SINGAPORE
Broker (S$10,000 monthly income)
A commodity derivative broker deals with assets like shares and bonds and usually works in investment banks and real estate sellers. Their potential employers may be financial clearing houses, investment banks, and international stock exchanges. With high salary, they may deem lucky, but the stress and expectations of their bosses with always be with them.
Company Director (S$11,000 monthly income)
They are the ones voted or chosen by the board of directors in a company to design and execution of the company’s corporate policy. They can have a position in two or even three boards, which could mean more salary. And they do not have to be an old employee of the company.
Physician (S$12,500 monthly income)
A general practitioner has to finish five years of undergrad studies and be affiliated with relevant institutions. Each visit from a patient means a pay check, especially from those who need medical slips to excuse them from work.
Chief Operating Officer (COO) and General Manager (S$13,000 monthly income)
the COO oversees daily operations and most of the company’s marketing and sales while a General Manager handles the profits and costs of the company. These positions require vast experience, leadership skills, and ability to make a creative decisions.
University Professor (S$14,000 monthly income)
University professors are usually interested with academic research, but there are still those who also like to do lectures. Lectures may vary and comes in any form, depending on the professor’s teaching technique and lessons. A Masters is usally required, but a Bachelor’s degree may be enough to some institutions.
Chief Executive Officer (CEO) (S$18,000 monthly income)
The responsibilities depend on the board of the company, and generally he does the overall decision making. A Master’s dergee in business is a great advantage, but Master’s in related field can also be accepted. the salary will of course depend on the company. High level of leadership, foresight, and communication skills is needed.
Lawyer Advocate (S$18,800 monthly income)
Advocates and solicitors bring home more than ordinary lawyer does. Advocates speak in place of the client to present their case while the solicitor is especially trained in all areas of law.
Specialist Medical Practitioner (S$23,000 monthly income)
They spend around 7-9 years and a lot of money to be in a special field and even usually needs residency under a chosen field to be a registered specialist in Singapore. With all the effort and cash spent to get this profession, they get it back with fine paychecks.
Minister (S$91,666 monthly salary)
The ministers are usually from a military service either air force, army or navy. They handle important departments in the government as part of the cabinet.
Prime Minister (S$183,000 monthly salary)
He is considered as the highest paid politician worldwide. With the responsibility to take care of the whole Singapore, the Prime Minister needs to work the hardest and do the most import and decision making in the country.
While these are the highest paid jobs in Singapore, some residents unfortunately settle with low paying jobs just to afford their needs.
MOST IN-DEMAND JOBS IN SINGAPORE
- Administrative Assistants
- Office Support
- Skilled Trades
- Sales Representatives
- Accounting & Finance
- IT Staff
TOP 5 LEAST PAID JOBS
F&B Industry – Service Crew
Keeping a restaurant tidy and going smoothly is no joke especially if the shop is understaffed. A service crew basically earns $8 to $9, or a full-time salary ranging from $1,300 to $2,000. 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
With billions of tourist visiting Singapore each year, most of them are demanding, and there a fewer servers to attend to them. Room attendants earn about $1,200 a month while receptionists earn $1,800. 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
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, to $1,500+ for full-time. They vacuum, sweep, mop, dust and clean comfort rooms. Most Singaporeans would rather let the foreigners take the job.
Construction Industry – Construction Worker
It is no fun to work under the scorching heat of sunrays, 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 moneylending companies in Singapore. Flexi loans have flexible payment arrangements offered to those with annual net income not higher than S$20,000. This is especially 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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