Let’s face it, no matter how passionate you are about a particular job, salary always matters. While some are privileged enough to pursue their passion while drawing a decent monthly salary, you might meet others who have given up their passions for money and vice versa.
Who’s to say what’s right? In an ideal world, everyone will be working their dream jobs while being able to sustain their lifestyle. But the harsh reality is that some jobs just don’t pay as much as others. Whether it’s due to the high barriers to entry, specialised skills or the demanding nature of certain roles, the salary range across industries greatly varies.
If you’re reading this article now, and it’s making you feel worse about your pay, remember that each industry has its own salary benchmarks. There are other factors that play a part in your career satisfaction, such as gaining new skills, work-life balance, or a supportive family-friendly company culture.
Which sectors make up Singapore’s economy?
According to a SkillsFuture report adapted from TODAY, there seems to be a surge in the number of job opportunities for roles in the digital, green and care economies. They highlight that they will continue to be in demand over the next three years, as well as the skillsets needed for such roles.
On top of that, MOM also released a report stating that outward-oriented sectors like Information & Communications and Financial Services saw steady growth from 4Q 2021 to 1Q 2022, due to a rise in demand for IT and digital services, as well as security dealing and payments processing. On the contrary, sectors like Food & Beverages Services, Retail Trade and Accomodation faced a decline in employment rate following the fourth quarter.
Though such results aren’t indicative of future performance, we can expect to see most of these industries boom and Singapore finally takes a step forward in our COVID-19 journey.
Top paying jobs in Singapore
|Job Position / Industry||Monthly Gross Median Salary|
|In-house legal counsel||S$14,167|
|Securities and finance broker/dealer||S$13,750|
|Chief Information Officer/Chief Technology Officer/Chief Security Officer||S$13,241|
|Specialist Medical Practitioner (Medical)||S$12,591|
|Chief Operating Officer/General Manager||S$12,159|