With the Covid-19 outbreak dimming the outlook for the job market in Singapore in the year ahead, many fresh graduates and current students are apprehensive about what job sectors to enter that provide decent pay and offer some stability. This article will shed light on a few of the highest-paying jobs in Singapore to simplify all the details on the internet and help you get a head start in the arduous job-hunting process. These rankings are based on median salary because we believe that it gives you a better representation of your salary. After all, it is not skewed by higher or lower wages and, therefore less affected by variation.
On a side note, we also exempt Financial Advisors from different representation and property agents as the pay range can vary depending on the individual’s capacity.
Lawyer
With an average salary of S$5400 a month following graduation, the law surpasses all other careers when it comes to collecting the big bucks fresh from college. In fact, with 93 percent of freshly trained lawyers obtaining full-time permanent jobs within six months of graduation, law professionals remain a highly stable occupation. Rajah and Tan, Drew and Napier, and Baker and McKenzie are among the most popular locations in which lawyers are hired.
Doctor
The average salary of doctors fresh from NUS is a whopping S$5218 per month, making this one of Singapore’s highest-paid professions. Intriguingly, your median wage as an NTU graduate is S$5700 a month, which is nearly 10 percent higher than your NUS counterparts. With 100 percent of students obtaining permanent full-time jobs within six months if they graduate, this is the occupation for you if you value job security and stability over any other consideration. Some of Singapore’s largest hospitals include National University Hospital, General Hospital Singapore, and Mount Elizabeth Hospital.
Software Engineer
The median salary of professionals employed in this industry is S$5000 a month. While this may seem less than the salary of lawyers and doctors, keep in mind that getting a job at big tech companies like Google, Amazon, or Facebook could boost your paycheck to up to S$9000 per month, depending on your skillset. Therefore, the upsides to following this career path are enormous, especially given the rapid advance in technology and automation that the world has witnessed and will inevitably see the job prospects of this position rising upward. The most influential recruiters for this job are Microsoft, Google, GovTech, Autodesk, Facebook, and even major banks like JP Morgan.
Data Scientists
The median salary for professionals working in this industry is S$5000 a month. While this may seem less than the salary of lawyers and doctors, keep in mind that landing a job at big tech firms like Google, Facebook or Amazon might increase your paycheck to up to S$9000 per month, depending on your skillset. Therefore, the upsides to pursuing this career path are immense, particularly given the rapid advance in technology and automation that the world has witnessed and will eventually see the job prospects of this role growing upwards.
Management and Business Consultant
With a decent median wage of approximately S$4,800 a month for fresh grades, management, and business consultants provide a stable source of income for those who choose to pursue careers outside of engineering, law, or medicine. For global players like McKinsey, BCG, and Bain and a corporation for offices in Singapore, this could be a lucrative profession open to people from diverse backgrounds such as engineering, industry, and social sciences.
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