Page 5 of 14 FirstFirst ... 3456710 ... LastLast
Results 81 to 100 of 273

Thread: Engineers making $0.62 million!!!

  1. #81
    vince123123
    Guests

    Default Re: Engineers making $0.62 million!!!

    Yes, and also note that "median" is not the same as "average".
    Quote Originally Posted by Hoky View Post
    It says Median salaries of Top 8 earners (as in professions)...
    Not the top 8 earners of Singapore.

    Note the word median.

  2. #82
    Member/Tangshooter
    Join Date
    May 2006
    Location
    ClubSNAP Community
    Posts
    3,118

    Default Re: Engineers making $0.62 million!!!

    everytime i read articles on GST increase..about growing economy..i get illusions, and it reads "grow my pockets"..
    This is an electronic post which requires no signature.

  3. #83

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by nuxnewbie View Post
    The $0.62 million is not the average for the engineers.

    It represents the median income of the top earners in the engineering profession.
    But then again... the median value derived is crazy..
    Even the top 5 percent of all the engineering fields (combined together) don't earn even near that much.

    Then again, maybe they use only 1 top guy (perhaps who's affilated w/ our garment like engineering minister or something) to represent the whole pool of top engineers... Statistical data will show his salary as median, mean, top 10 percentile, bottom 10... etc...

  4. #84
    Senior Member
    Join Date
    Sep 2005
    Location
    Raffles Place
    Posts
    1,808

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by blazer_workz View Post
    everytime i read articles on GST increase..about growing economy..i get illusions, and it reads "grow my pockets"..
    income gap is widening.... expect social problems to rise.

  5. #85

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by Michael View Post
    regret... then you cannot complain....
    why cannot complain? complaining is our national passtime along with TCSS.

  6. #86

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by sunfish View Post
    yeah, you are right. They are referring to maybe directors in engineering firms


    Now, this is more realistic...

    http://myjobstreet.jobstreet.com/premium/basicSalaryReport.asp?param=Engineer|000|sg||sg
    Even my VP (in the States) don't earn that much after converting 1.52x to SGD.

    How come our garment always post higher figures?
    http://www.contactsingapore.org.sg/o...salaries.shtml

  7. #87
    Senior Member
    Join Date
    Sep 2005
    Location
    Raffles Place
    Posts
    1,808

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by deckard View Post
    why cannot complain? complaining is our national passtime along with TCSS.
    complain is an old word... the preferred word is " Feedback ".

  8. #88

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by Hoky View Post
    It says Median salaries of Top 8 earners (as in professions)...
    Not the top 8 earners of Singapore.

    Note the word median.
    Quote Originally Posted by vince123123 View Post
    Yes, and also note that "median" is not the same as "average".
    "Median salary of Top 8 earners in each profession" then means the "Top 4 earners" earn at least that amount. Still a very top-ish kind of earnings. Far far too high for us hoi polloi.

  9. #89

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by raincool2005 View Post
    complain is an old word... the preferred word is " Feedback ".
    yah.....then bounce back....

  10. #90
    Member/Tangshooter
    Join Date
    May 2006
    Location
    ClubSNAP Community
    Posts
    3,118

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by Hoky View Post
    Even my VP (in the States) don't earn that much after converting 1.52x to SGD.

    How come our garment always post higher figures?
    http://www.contactsingapore.org.sg/o...salaries.shtml
    maybe can get FT to be ministers too..cut cost mahz..
    This is an electronic post which requires no signature.

  11. #91
    Senior Member Virgo's Avatar
    Join Date
    Dec 2003
    Location
    West of Singapore
    Posts
    4,816

    Default Re: Engineers making $0.62 million!!!

    Why don't they compare to Accountants, who are in high demand now. Where did they get the figures from?

    Accountants in SG only earning an average of S$3901 per month! Singapore has indeed becoming a place for cheap labour in the working class, and the people on top still want to increase their salary? Why don't they compare with the ministers from all the advance countries and get a median?

    Quote Originally Posted by Hoky View Post
    Even my VP (in the States) don't earn that much after converting 1.52x to SGD.

    How come our garment always post higher figures?
    http://www.contactsingapore.org.sg/o...salaries.shtml

  12. #92
    Member
    Join Date
    Jul 2004
    Location
    end of there
    Posts
    230

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by blazer_workz View Post
    everytime i read articles on GST increase..about growing economy..i get illusions, and it reads "grow my pockets"..
    Hmm... Thinking aloud here..

    Assume that standard inflation is 3% year-on-year..
    Then add 2% GST increase later this year.. Ballpark the amount to 5% total..
    So if I get less than 5% pay-rise, does that mean I'm getting effective pay-cut??

    Hmm...

  13. #93

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by blazer_workz View Post
    maybe can get FT to be ministers too..cut cost mahz..
    that's a good one... i like it

  14. #94

    Default Re: Engineers making $0.62 million!!!

    Fyi, median is just a TYPE of average.

    Come , let's go back to secondary school, average got 3 types,

    Mode, Median and Mean. The average we are most commonly used to is Mean.
    But it's nothing wrong to say that Median is average hor, got statistics means got room for definition discrepancies lor.

    Note that the term engineer is very widespread though.. I wonder if management posts with Engineering degrees in say, companies are considered as engineers.

  15. #95

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by Hoky View Post
    It says Median salaries of Top 8 earners (as in professions)...
    Not the top 8 earners of Singapore.

    Note the word median.
    erm............yar. that's what i said. "Top 8 earners in each field."

    and it is useless about the median vs mean argument in here. there are only 8 elements in each set they are comparing. in this case, median and mean would be very close, unless the 4th and 5th earners differ to a great extent(read: few hundred thousand dollars difference), which is extremely unlikely since you are comparing the top 8 (which is a mere zero point something percent)

  16. #96

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by Michael View Post
    is that not a bit harsh... in certain fields you just dont have the homegrown talents... hence there is a need to bring in foreigners... this does not only apply to singapore, it applies to every country and is practised in every country...
    i dont think FT bring only stress and competition... one can learn as well...
    of course.i didnt mention the good side of things only mah.

    so you are FT for sure.

  17. #97
    Senior Member Sion's Avatar
    Join Date
    Jan 2004
    Location
    新天地
    Posts
    4,768

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by blazer_workz View Post
    then wat? join WP?
    Sorry lah. Me no Singapore people lah.

    This WP is Women Party right?

  18. #98

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by vince123123 View Post
    Yes, and also note that "median" is not the same as "average".
    For everyone's info:
    A median is obtained by arranging all the figures (engineers payscale in this case) from lowest value to highest value and picking the middle one.

    So it means the top engineer earner can be earning #$%^#@^&@^% loads of money...
    *Freak*
    Last edited by Hoky; 23rd March 2007 at 04:56 PM.

  19. #99

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by night86mare View Post

    Note that the term engineer is very widespread though.. I wonder if management posts with Engineering degrees in say, companies are considered as engineers.
    there is this category call the "Professional Engineer", aka PE..whereby one stamp on one diagram mean $300 to $1k...

  20. #100

    Default Re: Engineers making $0.62 million!!!

    Quote Originally Posted by Sion View Post
    Sorry lah. Me no Singapore people lah.

    This WP is Women Party right?
    Only Women Party then you join ar.. =D

Page 5 of 14 FirstFirst ... 3456710 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •