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Old 01-07-2008, 10:16 AM   #1
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Default What jobs pay the best and how do I get into them?

Assuming we are talking about entry level jobs, then clearly the areas that pay best are Law, Medicine, Administrative Service with the government, Investment Banking, Management Consulting, Sales. Pay scales for these at entry level range from $3500 to $8000. As for course of study, besides the obvious law and medicine, the rest are looking for basically very clever and driven people. So any course of study is fine, though a good business degree may help for IB or Consulting. Sales, really depends on the personality but sales careers usually pay very well for top performers.

If we are looking at longer term, then actually all fields will have successes and the pay will naturally be good once you are a proven asset.
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Old 01-07-2008, 10:30 PM   #2
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Quote:
Originally Posted by BrightSparksAdmin View Post
Assuming we are talking about entry level jobs, then clearly the areas that pay best are Law, Medicine, Administrative Service with the government, Investment Banking, Management Consulting, Sales. Pay scales for these at entry level range from $3500 to $8000. As for course of study, besides the obvious law and medicine, the rest are looking for basically very clever and driven people. So any course of study is fine, though a good business degree may help for IB or Consulting. Sales, really depends on the personality but sales careers usually pay very well for top performers.

If we are looking at longer term, then actually all fields will have successes and the pay will naturally be good once you are a proven asset.
You left out Dentistry.
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Old 03-08-2008, 09:19 AM   #3
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clearly teaching is better than all those jobs
(ok i'm slightly biased)
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Old 03-23-2008, 09:18 PM   #4
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what about occupational therapy??
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Old 03-29-2008, 02:25 AM   #5
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You left out Dentistry.
Most people still view Dentistry as Medicine rejects (which is still largely true). Even if they do earn almost as much as entry level GPs, there is a prestige problem, if it doesn't bug you.
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Old 03-29-2008, 10:30 PM   #6
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dentists in private practice do earn a LOT. a root canal operation costs a few hundred, a wisdom tooth extraction almost a thousand. not to mention braces.
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Old 03-30-2008, 10:13 AM   #7
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Most people still view Dentistry as Medicine rejects (which is still largely true). Even if they do earn almost as much as entry level GPs, there is a prestige problem, if it doesn't bug you.
If Dentistry has like 250 places as well, and most of the medicine rejects go there, then yeah ill call it a place for medicine rejects. But there are 42 places in Dentistry and over 1500 people who get rejected from medicine every year. Take into account that out of the 42 in dentistry, not everyone there put medicine as first choice, then you have an even smaller no. of medicine rejects. Some people don't mind doing either medicine or dentistry but they are forced to put one as first choice and the other as second choice. Prestige problem? I don't think there will be one because both are equally competitive, both become Drs, both are equally noble, and have the same income earning capacity.
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Old 03-30-2008, 12:27 PM   #8
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Originally Posted by Ashearo View Post
If Dentistry has like 250 places as well, and most of the medicine rejects go there, then yeah ill call it a place for medicine rejects. But there are 42 places in Dentistry and over 1500 people who get rejected from medicine every year. Take into account that out of the 42 in dentistry, not everyone there put medicine as first choice, then you have an even smaller no. of medicine rejects. Some people don't mind doing either medicine or dentistry but they are forced to put one as first choice and the other as second choice. .
The no. of people in dentistry counts for nothing. Logically, even if dentistry has only 10% of the no. of people in medicine, it does not refute that many/most are medicine rejects. Maybe you know a few who did not put medicine as their first choice, but majority of them did. And we all know that for medicine, there are a lot more applicants than places. So the rest who got rejected, out of those who are better would get into one of the 40+ places in dentistry (which they put as their second choice). Another common 2nd choice for Medicine students (both accepted and rejected) is Law.

Majority of dentistry students told me they were medicine rejects, and some of these are graduated dentists in the workforce who told me.

You say some "don't mind" doing both, but since they have to put one as first choice, and the other as second choice, so clearly by their choices, we know which one is their first choice and which is their second. If their first choice was dentistry, and they "don't mind" doing both, they'll put dentistry as their first choice, but not medicine. But I have not heard of anyone who put dentistry as the first choice and medicine as second. Their choices already mean they have spoken. If there're only 40+ places in dentistry and all the people in dentistry want dentistry to be their 1st choice, won't they be more compelled to put that as their first choice? I don't mind being a lot of things. I don't mind being a multi millionaire heir, I don't mind being a political hot shot, I don't mind being a super rich, richest in Singapore businessman. But I SURE DO have my preferences!

Besides the prestige problem, students know that if they end up doing dentistry, they end up as a dentist all their lives, and a dental surgeon at best. The sky's the limit if they get to do medicine and become doctors. They can be any kind of specialty doctors they want. People in society don't even consider dentists to be doctors. Thus the different name. Cardiologists, neurologists, ENT surgeons, aesthetic doctors, oncologists and orthopedic surgeons are known as doctors. But dentists are not referred to be as doctors in anyone's mind, except in salutation only on forms.

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Originally Posted by LockT31W View Post
dentists in private practice do earn a LOT. a root canal operation costs a few hundred, a wisdom tooth extraction almost a thousand. not to mention braces.
I did not say that dentists in private practice earn little. I said it has a prestige problem. (watch "the whole 9 yeards"). Also, dentists may earn close to doctors at entry level, but as they both progress, doctors can earn far more due to more lucrative specialties.

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Prestige problem? I don't think there will be one because both are equally competitive, both become Drs, both are equally noble, and have the same income earning capacity.
LOL vets are Drs too. It is precisely the fact that dentists are also Dr that rolled eyes and comments have happened when someone is revealed to be a dentist instead of a doctor. And do you believe doing root canal surgery and whitening teeth is the same as doing a heart bypass, a liver transplant or removing a brain tumour when it comes to saving lives, as to say that both are equally noble? And the earning capacity of a dental surgeon compared to a specialist doctor is not even close.

Last edited by kukubird; 03-30-2008 at 02:36 PM.
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Old 03-30-2008, 12:50 PM   #9
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Quote:
Originally Posted by BrightSparksAdmin View Post
Assuming we are talking about entry level jobs, then clearly the areas that pay best are Law, Medicine, Administrative Service with the government, Investment Banking, Management Consulting, Sales. Pay scales for these at entry level range from $3500 to $8000. As for course of study, besides the obvious law and medicine, the rest are looking for basically very clever and driven people. So any course of study is fine, though a good business degree may help for IB or Consulting. Sales, really depends on the personality but sales careers usually pay very well for top performers.

If we are looking at longer term, then actually all fields will have successes and the pay will naturally be good once you are a proven asset.
I hate to say this but SAFOS army officer earns more than all listed except for Admin Service (which they are when they pass the interview) and Investment Banking.

A young SAFOS fresh into service in army and fresh out of school at 23, with a 4-years Ivy League bachelor's and master's already earns $4.5K when all the rest of them are still in school getting allowance from parents. (they disrupt from OCS at 19 to study in US/UK)

At 24 when he gets his CPT rank it jumps to $5K+. A 25 yr old SAFOS army officer earns in excess of $5.2k, much more than entry level lawyer, and more than entry level doctor, who do not get to start their careers until they're 26 and 27 respectively because of NS liability that SAFOS don't have, and 4 yr NUS law, 5 yr NUS Med + 1 extra yr for pupilage/housemanship. By 26, SAFOS army officers get their CPT2 rank, which jumps their pay to about $6K+.

By 27- 28 all get their MAJ rank, and get about $8 to 9K and they can hit beyond $10K with a LTC rank by 30.

As they progress, they also earn more typically at the same age comparatively, if you know how much SAFOS COLs and BGs earn (they're all on Scheme C), and they usually become BG by their mid to late 30s.

Also, a SAFOS earns much more than an OMS at the ministry before both of them are inducted into the Admin Service in their late 20s. The difference is about $2k at entry level and difference widens as time passes until they both get into AS, then the OMS catches up.

The amount that each of the specialty in medicine earns was published in Straits Times recently with the story on aesthetic procedures being clamped down, so I'm very sure I have this on good information.

Last edited by kukubird; 03-30-2008 at 01:57 PM.
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Old 03-30-2008, 03:01 PM   #10
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like this thread! Just to add some figures that I know for your reading interests. Also to back up my point that basically it is "hung hung chu zhuang yuan"

1) Specialists - $30 - 100K per month. depends on area of speciaity, Plastic surgeons make the most it seems.

2) Admin Service - $30K -$200K per month. See govt numbers. Yes, SAFOS people are included here.

3) CEOs, CXOs (local listed ) - $20K - $400K per month. Just check listed firm annual reports.

4) Top Sales Staff (insurance, real estate) - 20K - 200K per month.

5) Business owners - really varies, skies the limit here. I know someone in early 30s who earns $1M a year in dividend from his own business and it is not even a large SME. Just about 50 pax company.

6) Traders (commodity, shares etc) - really varies, skies the limit too.

7) Lawyers , Top Accountants - dunno, but you notice the trend here???

Focus on your interest and passion, your pay will be good so long as you are a top performer in your field!

Last edited by dershing; 03-30-2008 at 04:15 PM.
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