Wednesday, March 26, 2014

Top paying jobs in Singapore - CIO/CTO Wages


The info might give a wrong info as this is almost 2-3 years old. The report was based on MOM Occupational Wages table. The MOM table was released in June 2013, but the data is based on info from 2012.

Anyway based on the "new info" the top dollar is obviously paid to Financial professionals, and Specialists (e.g. Surgeon, Lawyers etc). One thing caught my eye is the supposedly low compensation to CTO/CIO. The position is @ 19th rank with a third quartile pay of $10,648. By the way this is gross wage.

Either the number is skewed by too many "false" designations in small companies or the 'value' offered is too low compared to a Trader or Sales manager or Marketing manager.

If I compare the CTO pay with average/median worker pay in other countries,

* USA median salary is USD 195,450 (Source - Payscale)
* USA median salary is USD 310, 200 (Source - Glassdoor)
* Australia median salary is AUD 280,700 (Source - Glassdoor)
* HongKong median salary is HKD 1,500,000 (Soruce - Michalpage)

So I guess my assumption is correct and the 'designation hype' is causing the number to skew to lower ranges.

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