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Product manager Salary??

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Need 2 Know..

Product manager Salary??

Postby Need 2 Know.. » Wed, 02 Feb 2005 6:36 pm

Hi ,

I Have been offered a job in Singapore with an MNC as a Product Manager. The salary offered is about S$ 85K. Out of this 30K is towards House & utilty charges.

Is this a decent salary package for a family of two..?

Appreciate some advice.

MovingfromSydneySingapore
Member
Member
Posts: 20
Joined: Tue, 25 Jan 2005

Found this calculation in another website.. may be ofuse 2u

Postby MovingfromSydneySingapore » Wed, 02 Feb 2005 8:38 pm

Total annual package: SGD 81 K

Basic monthly: 51K+75% Housing (only for the first year of contract) +Airpassage for my family+Settling in Allowance +Dental+Flexi benfits+Bonus=Total $81K




In Singapore, the Annual income

=12 months * Monthly income + AWS



Where AWS (Annual Wages Supplement)

=1 * Monthly Income * (no of months in service/12)

AWS is on pro-rated basis, & it's normally given at the end of the year, Dec.



if you join the company from Apr, then your AWS

=(12-3)/12 * Monthly income

=75% of Monthly income



Assuming you are joining on Jan2005

So 51k/13 ~3.9k/month



3.9k/month should be good enough for a Single person.

It greatly depend your & your families' lifestyle to judge whether it's enough.

I'm afraid you have to stay in HDB and take public transport.

Need 2 Know..

Is $ 85K pa. a reasonable salary

Postby Need 2 Know.. » Thu, 03 Feb 2005 6:27 pm

Hi,

Thanx for you reply.

I wil be getting S$ 54,000 in hand per year.

In addition to this the company will be reimbursing my house rent + maid (twice a week) + electricity + water + gas + cable tv + internet, Subject to a max total of S$ 31,000pa.

Full medical coverage for both my wife and I. One return trip home country once a year.

Does this sound ok by Singapore standards.

MovingfromSydneySingapore
Member
Member
Posts: 20
Joined: Tue, 25 Jan 2005

More than Enough

Postby MovingfromSydneySingapore » Thu, 03 Feb 2005 6:57 pm

More than Enough.


If you live by Singaporean Standards.

If you are smart you can save atleast 40 thousand Dollars Perannum.

Since all your running expenses is taken care. You just have to manage food.

Man Awesome package.

Need 2 Know..

Thanx

Postby Need 2 Know.. » Fri, 04 Feb 2005 1:01 pm

Hi,

Thank you very much for your reply 'MovingfromSydneySingapore"..

Guess I'll be moving to Singapore very soon..


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