Singapore tech salaries reddit. 5 days work week, typically 8. The monthly salary at the benchmark level is S$55,000, which comes up to an annual salary of S$1. Visit techinasia. Singapore's junior doctors get up to 13% bump in starting salaries. I don't think that practice was sustainable anyway. Started in (physical) security field at 1. 30am-6. I'll go first: Work as a Senior Software Product Manager in Banking / Finance Work experience about 12 years, graduated in 2009 with an Information Systems Degree. Singapore probably is not a good comparison because of poor work life balance compared to Australia. You win some you lose some i guess. Education - Singapore education standards are high, Dubai has good schools, but as expensive as singapore if you are not qualified to get kids into government schools. 2k (NTU HSS), office job at some SME 277 votes, 172 comments. Posted by u/Suitable_Bed_2676 - 3 votes and 8 comments A lot of regulation in the finance industry reduced salaries especially in the form of bonuses, although to my understanding quant salaries are a bit more resilient and as a bonus you work considerably less than other more typical finance roles. 2 million. but there are also off peak days within the month where you could get by doing nothing. These jobs command a good wage, significantly higher than the overall residents’ median wages. These salaries don’t really exist outside of FAANG companies. 6% of all taxpayers, 200K in the top 8. Mid-level Data Engineer salaries range from $5500 to $10000. Fintech is huge and a gov/investor focus. 1M subscribers in the singapore community. Local law firm salaries require more nuance because of the one year training period before qualification. So on average around 10k people for each 10k salary "slice" (eg 15,000 to 15,999). There is some merit to be considered to the salary ranges provided by the GES since there is a high turnout rate (75%) from the graduands (and it’s not biased lol), but salaries typically vary around the range given. If they switch their education system to be primarily in English, Singapore tech workers will feel the burn within 10 years. The median salary is $8500. The median wages of local tech professionals have also enjoyed steady growth over the years I recently joined a sort of hackathon run by DSTA and got the interact with those doing tech jobs in DSTA, and didn't get a good impression of the work culture there. 9K (FASS FCH, male), civil service 3. That is according to the latest 2022 Graduate Employment Survey (GES), jointly conducted by the National University of Singapore (NUS), Nanyang Technological University (NTU Feb 22, 2022 · SINGAPORE - Competition for tech talent in Singapore will continue to heat up this year, with firms raising salary offers as a bargaining chip. Salary guides (Graduate Employment Survey) from the universities are accurate. So, taking this into consideration, in souther-western countries of Europe, the average salary for a dev with 2-3 yrs of experience could be 30,000€. But what about the other positions, such as Data Engineers, Data Analysts, DevOps and more? Mar 7, 2023 · In 2022, salaries of software engineers in Singapore surged 7. Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that organises initiatives supporting students' academics, career guidance, mental health and holistic development, such as webinars and mentorship programmes. I will give you one above average salary range, that you can ask based on your experience. 2M subscribers in the singapore community. Basic salary. Benefits and bonuses not included. It’s got websites on it that compile salary data from a variety of industries. Feb 20, 2023 · In this guide, we discuss and compare the salaries of fresh graduates from local universities for computer science (and related) courses from NUS, NTU, SMU, SIT and SUTD. 181 votes, 190 comments. Startups might do so though to entice people to jump ship. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The truth of the matter is: the IT sector is wide. New comments cannot be posted and votes cannot be cast. imo a bit tough to get starting salary of 3. Tech is just a profitable industry. 5 million yen Before my current company , was working as an Electrical Engineer for 2. Yes but for IT. According to 2022 ministry of manpower data, the median monthly income for somebody aged 30-35 in SG (incl. I’m in tech, so tech salaries in London are horribly low compared to the US or Singapore. Assuming you’re Uni student, yes, $1500 is the average salary for software engineering interns Probably 5 or 5. SWE in big tech, a few in DSTA, a lot of the EEE GRADS I know are working in STE and other Various other government/GLC roles (myself included) The pay depends on which industry u go into. 5k. 5 years not involving any tech work but during this time was working on personal tech projects to be in touch with tech skills and not completely lose them . Took 18 years to get to this point and would’ve been faster with the proper education. Take home salary based on the 2 points above means you probably take home around the same amount in absolute terms in the US and Singapore. Singapore graduates around 3000 graduates a year. No 13th month. I work at FAANG myself in Singapore. 7k (FASS 2nd upper, male), civil service 5k (NUS comsci 2nd upper), some tech company 3. Some starting salaries I know so far: 3. The median salary is $7250. based on online salary analysis of jobs in Singapore. The day Grab fails and VC confidence drops, the gravy train will stall. But out of the three, the work-life balance is also pretty different. The same stuff is happening in tech with increasing regulatory oversight. Exp 0-3- SDE first level - 100k base/ 140k CTC Exp 3-10 - SDE second level - 135k - 160k base / 220- 270k CTC No doubt SG's tech scene is growing, but the only few companies with a large enough market to pay competitive salaries for product personnel are the likes of e-commerce, fintech, food delivery/ride hailing, SaaS (although not as many product roles). Total YOE - 4 ( However 1. Cost of living - If in moderation, would be nearly comparable. sg income comparison tool (latest year is 2021, no age breakdown given) — 100K would put you at top 25. 1 million. The mentors even strongly advised against joining DSTA if you have want the archetypal "tech culture" since everything is so rigid and top-down. In 2022, salaries of software engineers in Singapore surged 7. 3k (gross allowances mean all bonuses or allowances but no employee cpf yet) Jun 9, 2022 · According to our 2021/2022 Tech Salary Report with Quest Ventures, salaries for software engineers have increased by 22 per cent to as much as 32 per cent in the last year. So I thought it would be great to also have a similar topic that is more Singapore-focused. SINGAPORE: Singapore's Ministry of Health (MOH) has raised the starting pay for public sector junior doctors and will introduce a new allowance for doing weekend rounds in hospitals. These salaries are really only found at large tech companies - even in the Bay Area, a mid-level SWE at a startup might make $150k plus worthless equity vs. The fixed component is S$715,000 and the rest is variable. Just get a good GPA u cannot go wrong( salary wise) with EEE unless u really hate the subject. Using the salary ratio, the Prime Minister receives a total annual salary package that is twice the benchmark level of an MR4 minister, or S$2. 4k. Title: GovTech addresses online claims about hiring, salaries of former Indeed staff SINGAPORE: Singapore's Government Technology Agency (GovTech) on Monday (Sep 25) confirmed that it hired about 60 former employees of Indeed after the internet job portal shut its local office earlier this year. Archived post. . If you're just talking about the average tech job salaries outside of the bay, they have still been steadily increasing (mine is around 4-5% raise per year). Considering singapore is the most expensive place to live in the world, (moreso than SF/silicon valley itself, it just sad. Next destination for Indian techies - Dubai! Compare those numbers to tech salaries in most of the western world, you will find that they are not that insane. Send a pretty smart idea to me. The median salary is $5500. Senior Data Engineer salaries range from $6750 to $12500. My current salary is 6. SWE pay ranges from 5500$ to 9000$ depending on skill level and expectations. For my experience with a company that did a salary reduction during covid, the salary was returned to normal within 18 months. Explore our tools to help you get paid more! Aug 5, 2024 · The estimated total pay for a Tech is $7,334 per month in the Singapore area, with an average salary of $3,200 per month. 1. The problem with the tech sector is that people like you (the royal you not to mean the actual you) are trying to do anything to get into IT jobs thinking that you get paid instant high salary. Around the start of the pandemic, Singapore planned to add 65, 000 tech jobs in the next 3 years. employer CPF) is $5,792 I also tossed some numbers into the salary. 190k to 240k sgd is considered top tier talent pay here. I picked S$10,000 because it's a round 5 figure a month and it is Percentage of tax per salary package is higher than in Singapore. com and look out for top 50 funded companies in Singapore, typically series C and above. Percentage of tax per salary package is higher than in Singapore. But Singapore has more access to lower cost food due to hawker centres. Jumped to tech company in the same field, getting ~200k now. Search 300k+ salaries for different companies, job titles, career levels, and locations. 6 per cent to an all-time high, according to an annual tech salary report released on Tuesday. Top dollar would still be in tech, trading firms etc. The demand for tech manpower has benefited local workers [Figure 11], with locals accounting for more than 70% of tech jobs in Singapore. The WITCH firms, NCS, Avensys and many other glorified staffing firms helmed by thick-accented recruiters. I thought I'd create a space for us to share more realistic starting salaries people are getting on the ground. Wages are still low in Tel Aviv compared to other (somewhat similarly high cost of loving) cities like New York or Singapore. but this information needs to be used in a postive manner. Crazy good pay, but dividing it by the hour . at a large multinational company they can make $300k and up. i use it to benchmark how much the coy is willing to pay, how the company views my contribution and future career progression, and also to understand the industry better to plan my next career move. Those websites do it way better than a few anecdotal comments on reddit ever could. Even the tech devs from FAANG Singapore with similar or higher YoE don't make as much, so I am very interested to know if anyone can shed any light as to what justifies such pay. I am not sure what is the current market rate for the TC allowance now but my exp from a few years ago from one of the big 4 is as such (when training is still only 6 months): No, most tech jobs in Singapore don't come with stock options, especially those in large MNCs. 12 votes, 13 comments. 5k - $5k depending on your grades, technical proficiency and company of course Highschool dropout (~Sec 3). Another way is to attend networking events in co-working spaces, startup events. Note: I'm assuming tech jobs here means IT roles regardless of industry, as opposed to jobs in tech companies per se. In the north of Europe this could jump to 60-70, reaching salaries similar to US in the case of some big cities like London. 2 | Source code | Contribute These numbers look off for the simple fact that based on salary sg, the 50 percentile of people have around monthly gross income of 4. importantly, knowing the industry I'm considering going to Singapore for college, but I'm not sure if after college, the salary of the jobs would be even close to countries like the USA, Canda, etc. Here's my salary expectations for fresh grads based on what I've seen, what I'm earning and what I know my peers are earning. doesn’t amount to a whole lot. Finance and m&a people work a lot more than tech. SWE compensation is on the rise in Singapore but mileage really varies by industry. 0. Google the article about the two tiers of tech to know what i mean 339 votes, 210 comments. Most big tech companies have a hub here (Google runs Google pay out of Singapore, all the core engineering happens Salaries of 55k+ AED (No tax!) per month in Dubai for even non-CS jobs! I thought bay area in US had some of the highest paying tech jobs. I work in fintech & m&a tech. Is there another side to this? Singapore: $65,000 average salary with a 8% (ish) tax rate = $59800 I hold a MD title, small European firm, small team around ~15 SG direct, ~20 in HK indirect, with approximately the same base as your offer. - have pre MBA work ex as well. 5 YOE in tech/IT ) Total Years in Japan - 4 Would like to know the average salary for those aged 25-30 and how much monthly income would it take to live a reasonable and comfortable live here without any worries. Employer CPF included. for accounting work there is a cycle every month due to monthly closing of books. From the job I listed in 1-4 pays a lot but high stress. This is especially given the big hoo-ha after the GOVTECH's Indeed saga, where (based on salary. Cost of living in Sydney and SFO is similar, but tech salaries in Sydney is half that of SFO 238 votes, 262 comments. Singapore has home grown engineering enterprises such as ST Engineering, Sembcorp industries, Keppel, Creative Technology, and SIA Engineering. Lawyers in Singapore big 4 Data Science/Data Analyst Roles in unicorns Software engineers in banks Doctors Dentist Oil and Gas Tier 1 Management Associate programmes (Shell, Unilever, Restaurant Brands International, Jardines) And well, I think it goes beyond the pay of the job and what car or house you can afford. Welcome to /r/singapore: The place for anything Singapore. Tech salaries will then stagnate or plummet depending on how the FB and Google adjust their local comp. All parties (finance, m&a, and tech) get paid a good amount. 5% of all taxpayers To answer some of my own questions, there wasn't a negotiation process, they've removed bonuses in lieu of higher base salary, and the salary I was offered was in the $8‐10k range. I practically worked for and with them, and they are the bad tier of tech in Singapore for a good reason. The other factor that’s super relevant is tech stock inflation. Median base salaries were $5,000 for junior engineers, $8,000 for senior engineers and $13,750 for engineering managers, according to the report by tech talent platform NodeFlair and Recruitment agencies expect firms to ramp up tech hiring in the next one to two years, with pay jumps of between 15 per cent and 30 per cent, up from 10 per cent to 15 per cent. In the past, we have had home brands in the manufacture of air-conditioning systems, and other household appliances. I got an offer as an inhouse consultant at F500 in Singapore with this annual pay in SGD: Base: 97,500 (13 months salary) + pension 14,000 approx Bonus: 15-18% Additional Medical allowance upto 3000, Mobile/ electricity upto 1000 What you should be asking from Reddit is the range of bonuses for civil (14-16 months annual comp) vs private (13-14 months annual comp), and the prevalence of OT in particular industries to calculate pay per hour worked (pay per hour worked on average is worse in medicine and law compared to tech despite the former having higher absolute always ask around and benchmark ur salary against everyone else within and outside of the coy as well. It means if you take home 4k SGD, you maybe also take home 4k USD. Better to check with the company I have seen around $3. Also smh at ‘tech sales’, this is nowhere near specific enough to get a good picture of what’s going on salary-wise in whatever industry you’re actually in. My role is not engineering, but tech mgmt, sales, etc. Although, i want to mention that it depends on your salary negotiation. sg and Reddit) even they're not earning as much. Annual increment on the other hand is common everywhere. Your friend should try cold emailing HR in some of the highly funded tech companies in Singapore. I'm shitty tech DE talent in silicon valley and still make 190k, and that's lagging a promotion/pay bump too. Reading this is just sad. 30pm. 820K subscribers in the singapore community. While in my experience tech pay is better in Singapore, the projects are not as good and I’m further from the decisions makers and have minimal chance to influence them because I’m not physically meeting them day to day. But I wonder why tech salaries are so less as compared to salaries in US. I would suggest looking beyond just pure banking. Tax : No tax in Dubai. I took a pay cut when I moved Jun 9, 2022 · Data Engineer salaries in Singapore for the different seniority are as such: Junior Data Engineer salaries range from $3150 to $8500. Yes, they will be graduates and many of those new jobs will require experience, but I have never met a Singaporean in Tech that had struggled to find work Consultant at T2 for 2 years post MBA in Asia. Also, at the salary increase, each slice has less people in it (eg 19k people between 13,000 and 13,999 and 17k between 14,000 and 14,999), so it realistic to think that between 20,000 and 29,999 there are way more than half of the total. In terms of benefits, relocation allowance is provided but quite small, think a one way flight, shipping some belongings, and a few nights in a hotel in Singapore. cvotp wvoa ukp fcmagys nguk tji cifiei otsgig zqhnqfts eglrqg