Can you suggest what should be pay package of a 4 years experience Chartered Acountant from India in Compliance role in Bank at Singapore.
Can I suggest you charter your accounts over to the first post in this very thread? _________________ Vaguely heretical thoughts on travel technology at Gyrovague
Posted: Sun Dec 17, 2006 10:53 pm Post subject: Re: salary and all
dinki di wrote:
Hi
I am from Australia and have found that in my profession, we get paid much better here than in Australia but only when you get to the senior ranks. Plus the tax rates here are so much friendlier! So by moving here with my job, I have almost doubled my take-home pay - taking into account taxes and forex exposure.
Cars cost a fair bit here though ... even taking out a long term lease on one is quite onerous. Eating out is expensive here as well - apart from hawker fare.
Also it may be worthwile to seek to hedge your forex exposure as well.
Oh yeh mate! For sure its a tax heaven. In Aus if u earn 50k a year (which is easily achievable) you'd be paying tax through the roof! And thats a position which isnt that of a senior rank. Plus dont forget your super. AS far as eating out, despite going to a somewhat fancy restaurant, its still considerably cheaper than in Aus (well in Melb anyways). The amount of tax that i'd pay in Singapore is peanuts compared to what i pay in Aus.
I sure will miss the cheap cars u get in Aus though, being a motorsport junkie.
Posted: Sat Feb 24, 2007 1:40 am Post subject: Expat package? Which year are we in?
Most caucasians in Singapore tend to refer to themselves as expats. However, 99.9% of them are on local salaries.
There is hardly any caucasian here still on the expat package, which would include housing, kids' school fees, first class tickets to their country of origin for the entire family annually etc. So please, please, please stop referring to yourselves as expats. It is "inward/reverse racism". I feel really sad for you.
Would that then make the foreign domestic helpers and construction workers expats also? Going by the definition used here, it would seem that they are.
Our government opened up the doors to you as "foreign talents(?)" to make us more competitive, many of you have not been expatriated by the companies that you work for from your country of origin; you came here looking for a job.
Not every caucasian is an expat; and not every expat is caucasian (there are many Japanese and Indian nationals who are expats, earning far more than any local or caucasian in Singapore). To all you "foreign talents", stop all these "expat" thing already, thank you.
I am earning over $120,000 annually (after tax and after my portion of the CPF deduction) working in the advertising industry, earning far more than double what my "foreign talent" partner earns. That should give most of you an indication as to whether your pay package is good enough for you to want to be in Singapore.
Posted: Mon Feb 26, 2007 11:57 am Post subject: Re: Expat package? Which year are we in?
Hesione wrote:
Most caucasians in Singapore tend to refer to themselves as expats. However, 99.9% of them are on local salaries.
There is hardly any caucasian here still on the expat package, which would include housing, kids' school fees, first class tickets to their country of origin for the entire family annually etc. So please, please, please stop referring to yourselves as expats. It is "inward/reverse racism". I feel really sad for you.
Sorry to say but you are actually wrong here. Maybe there are not as many as there use to be but there are still a significant numbers of caucasians on "expat terms" out here. Contracts with terms similar to local contracts are however more and more comon. Besides that, an expat is actually just someone who lives/settled down in a foreign country so yes maid, workers and so on are also expats just not on "expat terms" as you describe them.
Quote:
Our government opened up the doors to you as "foreign talents(?)" to make us more competitive, many of you have not been expatriated by the companies that you work for from your country of origin; you came here looking for a job.
99.9% of all caucasians I know have been sent here by their company in their respective home countries on time limited contracts. Maybe that does not go for some of the people using this message board but guess thats why they are using this board in the first place...
Quote:
I am earning over $120,000 annually (after tax and after my portion of the CPF deduction) working in the advertising industry, earning far more than double what my "foreign talent" partner earns. That should give most of you an indication as to whether your pay package is good enough for you to want to be in Singapore.
Too true the term 'expatriate' comes from the Latin 'ex ' meaning 'out of' and the Greek and Latin 'patria' meaning country. literally out of your country of upbringing and or legal residence. Expatriates differ from 'immigrants' because they do not intend to remain permanently in their new host country. of course some who started out as expatriates end up staying permanently and then the choice on whether to be seen as (or behave as) 'expats' or i'mmigrants' should be theirs. whether you are deemed an 'expat' or not shouldnt be dependant on what you are earning (if you go by the definition it doesnt have anything to do with money) so lower income workers who are here to earn money and send it home could correctly be called expats too. Of course terms like 'expat' do get hijacked and over time become recognised as meaning something different from what they were originally intended!
correct me if I'm wrong. I think there are still alot of expats coming over here. Most are of better than local package, hence refer to as the "expat" package.
However, they are not all as fantastic as they used to be. No huge salary with all expenses paid for.
Posted: Sun Apr 08, 2007 1:58 pm Post subject: Re: Expat package? Which year are we in?
I don't see why Hesione is getting so excited about the term "expat"
I am sure not many caucasians are here still on the expat package, which would include fantastic housing, kids' school fees, first class tickets etc....but I am sure it has at least some basic housing allowance. You don't want to see yourself moving to a foreign country without housing allowance do you?
I think the people at this forum are not sure about wages in Singapore and they want to find out more if what they are getting is enough. Hey.....most foreigners know nothing about Singapore.
What does your foreign partnern do? He really does not seem to earn a lot really....Most foreigners on expat pay here (at least those I know) earn about $300 000 annually, not inclusive of housing and other allowances. And they are not even at the top ranking positions.....
Posted: Mon May 14, 2007 8:45 pm Post subject: depends on company you work for
I'm not sure about Masters but I am a local grad who is with a MNC now. I only have a bachelor, been 2 years working till now. Not yet 30 though.
I am unfortunately not an expat, hence no housing allowance, just that my role covers regional sutff, so get claims on mobile and travel and car.
My gross basic is S$160k, excludes other allowances apart from car as well as commission. Is that a good enough package? I think it's ok because in Singapore things are relatively cheaper than say, Europe or America except for our cars.
I'm not sure if you'll be getting something like this, i guess it depends on the company you work for.
I am an IT contractor living in Uk earning around £500 GBP and was offered a 2 year contract (which has now turned out to be permanent role) in Singapore but tha salary seemed really low at SD$120,000
Would anyone be able to advise....they offered business class flight and 1 mth apartment and 20-50% bonus .
I am an IT contractor living in Uk earning around £500 GBP and was offered a 2 year contract (which has now turned out to be permanent role) in Singapore but tha salary seemed really low at SD$120,000
That's a very good salary by most Singaporean standards. Why do you think it's "really low"? Is it less than you're earning now? _________________ Vaguely heretical thoughts on travel technology at Gyrovague
Thanks for the reply. Well at the moment i am a contractor so earn a daily rate of £500 GBP so if i worked a year in UK i would earn £120,000 GBP but as a contractor you cant look at it like that.
As i have a house in UK and they are not offering a re-location package i was wondering if that is a good salary to live on.
Thanks for the reply. Well at the moment i am a contractor so earn a daily rate of £500 GBP so if i worked a year in UK i would earn £120,000 GBP but as a contractor you cant look at it like that.
Using the "charge double your salary" rule, that would be roughly equivalent to a salary of £60,000, or around SGD 180,000. So in that case yes, you're right, it's not a very good deal for you. (Do bear in mind, though, that Sing taxation is quite a bit lighter than in the UK, although cars and education cost more.)
Quote:
As i have a house in UK and they are not offering a re-location package i was wondering if that is a good salary to live on.
You'd probably want to look into renting out your UK house and renting one in Sing yourself; property prices are insane here at the moment. _________________ Vaguely heretical thoughts on travel technology at Gyrovague
My UK company will be sending me over to Singapore soon, for a number of years, and would like to know which of the following are considered "standard" in a expat deals and which are "you'd be lucky to get it".
(1) Flights home - business class and how many return trips per year?
if you have a family how are they covered?
(2) Salary - paid in UK or in Singapore? My company can do either, it seems whatever they do they will try to keep me on the same net income as I receive in the UK. So if my UK net income is, say, 1000 pounds a month, they will make it so that my Singapore net income is also 1000 pounds a month (about $3000) - is this practice common?
(3) Housing allowance - currently they are offering it, but have not seen how much it is. Rent prices are skyrocketting at the moment - what should they offer to a single person? $3000 pm? $5000 ? (and how much if there is a family too, say 2 kids)
(4) Family considerations - if you have kids - should they pay for private schools? After all would I want my kids to go to any school other than one that follows the British curriculum? Should I be expected to cover the school fees myself ? Are there state schools in Singapore and could they (my company) potentially ask me to send kids to state schools? So far I have only identified one school I would not mind sending my kids to.
(5) Any other bits which I am forgetting, please comment
My UK company will be sending me over to Singapore soon, for a number of years, and would like to know which of the following are considered "standard" in a expat deals and which are "you'd be lucky to get it".
1) One home leave trip per year is standard, in economy unless you're enough of a hotshot that the company flies you around in biz for work too. Family may or may not be covered.
2) It's still the same amount of money innit? Most people find it more convenient to be paid in Singapore, and it also eliminates the risk of currency fluctuations.
3) Housing allowance is and should be considered a part of your salary, there's no standard rate.
4) Full expat packages include private schooling for kids. There are state schools, but most expats only resort to them out of financial necessity. _________________ Vaguely heretical thoughts on travel technology at Gyrovague
Posted: Mon Jul 02, 2007 2:19 am Post subject: salary
I am getting an offer for approx Sing $280,000 per annum gross. Is this good , not so good?? Can one live comfortably with a house (resonably close..15-20 mins drive from orchard), car etc with enough savings?? How much can one expect to save? (I know this is a subjective q, but assume average living)
I am getting an offer for approx Sing $280,000 per annum gross. Is this good , not so good?? Can one live comfortably with a house (resonably close..15-20 mins drive from orchard), car etc with enough savings?? How much can one expect to save? (I know this is a subjective q, but assume average living)
Please do a little homework instead of expecting us to do it for you... _________________ Vaguely heretical thoughts on travel technology at Gyrovague
Posted: Sun Jul 08, 2007 2:19 pm Post subject: SAP Consultants get paid handsomely
An experienced SAP Consultant earns anything between $500 per day to $1000 per day. Freshers(Certified ) who opt for initial SAP experience of about 1 or 2 years will have to be content with a salary range of 2K to 5K per month. Ofcourse, the picture gets very clear once the fresher tag is removed. _________________ Muhammad Shaamel email : shaamel@genovate.com
so I'm guessing an offer for salary of S$88,000 is not enough to live comfortable in Singapore. I have read how much the rents are going up and was just wondering if this is a good enough salary or not, I wont be getting housing allowance either.
Posted: Fri Aug 10, 2007 12:55 am Post subject: Re: Expat package? Which year are we in?
Hesione wrote:
I am earning over $120,000 annually (after tax and after my portion of the CPF deduction) working in the advertising industry, earning far more than double what my "foreign talent" partner earns. That should give most of you an indication as to whether your pay package is good enough for you to want to be in Singapore.
lucky you, you would hire me then? i'm in advertising industry as well
First, thank you all for contributing to this forum and this topic, it has been most interesting to read.
So ironic, I am an expert in salaries myself but only for the China market. I am an executive recruitment consultant for the banking industry based in Shanghai.
I have Singaporean/Malaysian Chinese roots and grew up in Holland, a Dutch citizen. Currently in Shanghai on a yearly package of 340K RMB (net), which is around 68K S$ (local + package, meaning salary plus housing).
I have been contacted by a recruitment firm in Singapore and we will enter salary negotiations quickly.
My problem? I do not have a clue of what to ask for. I was thinking of 100K S$ (net), but I am not sure whether this is acceptable.
My first question, anyone here in this industry?
Second question, what do you think about my salary expectations?
Thanks.
Posted: Sun Aug 19, 2007 1:42 pm Post subject: Re: Ave Salaries
smithy wrote:
Quote:
Due to the laws of supply and demand, perceived prestige and, yes, racism, Caucasians tend to get paid comparatively more, while Indians and Filipinos tend to get paid comparatively less.
This is not racism. Its more like laws of physics. By caucasian, you mean people who come from countries like the US, England or Holland, etc. The salaries in these countries are higher than salaries from countries like China, Phillipines and Vietnam. They won't be working in Singapore if they did not get an attractive renumeration package in Singapore. Similarly, the employer would not pay that money unless they think this person has something to offer the establishment. Thus, the caucasians that come here are usually the fairly talented ones. Usually.
On the other hand, the average Phillipino, for example, would find most jobs in Singapore attractive. Naturally, that means you will find more phillipinos in lower-end jobs.
It does not mean talented Phillipinos get less money than their counterparts from England or the US though. I know of two such cases. Both were Indonesians. One works for a well-known financial institution and the other is an old guy who is a lecturer at a university here, among other things. Both are filthy rich.
Hi,
My name is Narayanan and i am a lecturer from India. Since you know of a lecturer who is working in an University there, can you tell me what is the average salary of a lecturer there in singapore
The top 24 according to the U.S. Department of Labor:
20. Computer and Information Systems Manager: $100,110
21. Marketing Manager: $100,020
23. Sales Manager: $96,950
No offense, but this list is completely useless.
A sales manager of high end IT services could earn more than three times the salary of a retail sales person. If not ten times more.
Same for the marketing manager.
Taylormade wrote:
My problem? I do not have a clue of what to ask for. I was thinking of 100K S$ (net), but I am not sure whether this is acceptable.
My first question, anyone here in this industry?
Second question, what do you think about my salary expectations?
Thanks.
I'd say it all depends in what level of recruitment you will be?
A headhunter for executive level will earn quite a bit more than the 100K, whereas a recruitment consultant at Kelly's, Manpower or any "commodity" recruitment firm will probably get no more than 50K.
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Veri high salary leh...Monthly about :S$8400..
When can I earn that much??Be a sportman to represent singapore team...S$1 MILLION for GOLD... 
