Tag: 2018

What high paying career should I choose in Singapore?

By on March 3, 2016 in All 2017

Some people say that Singapore is one of the most stable global economies in the world. Many people also say that many US & European MNCs like to base their regional headquarters in Singapore due to the ease of doing business in general.

However, it’s not all rainbows and butterflies in sunny Singapore (unless of course you count the moth invasion in 2014).

One issue many expats (& locals) have with working in Singapore is the cost of living.

To give you a general idea of what I’m talking about:

  • A new family car can easily cost more than a 100,000 USD (and you have to scrap it after 10 years or pay another XX,000 USD to keep it another 10 years).
  • What about a new, less than 400cc motorcycle? More than 15,000 USD.
  • Purchasing A 5 room public housing apartment can easily cost half a million USD.
  • A simple meal can cost about 5 USD if you find yourself in some canteen in an industrial park.
  • Parking charges in some CBD areas can go in excess of 4 USD per hour.

Taking the above into consideration, obviously, salary packages in Singapore have to get really high to attract top tier talents into the country.

But before you leave your current job to jump to Singapore, lets look at five jobs in Singapore that pay really well.

5 High Paying Jobs In Singapore:

1.) Specialist Medical Practitioner

In Singapore a specialist medical practitioner or surgeon in even a small private hospital can average a monthly salary of about S$20,000 or more. As you gain the years of experience, this number can increase exponentially. Becoming a specialist will require an extensive amount of education and training (both time and cost) but can be well worth it when you are making over S$240,000 a year.

Like most things in Singapore, the medical practice industry is highly regulated. You will need to convince the authorities that you are indeed fit, knowledgeable and well qualified enough to administer life saving medicines.

Foreign degrees in medicine can be recognized, but you may want to check with the Singapore Medical Council first before applying for such jobs in Singapore.

2.) An Advocate Or Solicitor

Lawyers in Singapore can make some big bucks. The average monthly salary for criminal lawyers is close to S$18,000 which averages to about S$200,000 a year. Like in most countries, keeping people out of jail is big business. Singapore’s judiciary system metes out punishments ranging from fines, jail terms and death by hanging for various offenses, and there is always some idiot out there who followed through on a bad idea and got caught. In fact, you should be able to find a fair share of such idiots.

With corruption being nearly unheard of in Singapore, the only chance some criminals have at staying out of jail or not finding themselves hanging off the business end of several yards of rope – is to throw everything in their bank accounts at some skillful lawyer who just might be able to put up a convincing argument in Court to secure a more lenient sentence. I would not bet or bank on this though.

Aside from criminal law, Marine law & Contract law are popular niches in Singapore.

With all that being said, freshly minted lawyers may find it hard to get a good paying placement in law firms at the beginning of their careers and may have to start off working for meager allowances, but like most things in life – persistence pays off.

3.) CEO Or Managing Director

If you are looking for somewhere to relocate and you have experience as a CEO you may want to search out some job positions in Singapore. The average monthly income for CEO’s in Singapore is often over S$15,000 a month. Each company will have a different structure and system in place to dictate the specific jobs duties of the CEO and the size of the company will have an effect on the amount you can expect to get paid. But, even small companies can sometimes offer up to S$180,000 in yearly income if you include all bonuses and stock options.

They say it’s lonely at the top though.

4.) University Lecturer

Becoming a University Lecturer will require you obtaining a master’s degree in your chosen field of specialty. University lecturers with high academic qualifications can make close to S$120,000 a year. Even university lecturers with limited work experience can make a handsome income by teaching part-time courses in private schools.

To get started, you would generally have to design your curriculum and do some self promotion to convince people that they should pay you to learn from you.

However, do note that teaching comes with all the “benefits” of having to deal with children and their children problems and marking their homework over weekends.

5.) Financial/Insurance advisor

Depending on your level of persistence and salesmanship, a population dense country like Singapore is an ideal place to get involved in financial advisory services. Distance between clients is short and it is easy to get referrals once you do a good job with a bunch. There are even cold calling services you can hire to quickly expand your client base. Licensing requirements are clearly defined by the Monetary Authority in Singapore.

Some insurance companies even include a monthly salary package for the first year or two of apprenticeship!

On the flip side, most Singaporeans in general have already been approached countless times by countless advisors to “review their current plans”. Some advisors can get pretty unscrupulous and dish out manipulative advise to churn sales. Some of them can get pretty persistent too. So you can expect less than fantastic returns on cold calling efforts and will need to find some other way to drive referrals.

Obviously there are other lucrative career options in sunny Singapore. You could always fly over and start a business. But labor laws in Singapore are pretty intense and the employment (including self employment) of foreigners must be done with an appropriate work permit. So before you make any hasty decisions – check out Singapore’s Ministry of Manpower website to understand the permits required before you start anything business activities in Singapore.

Exploring the Decision Making Process

By on February 8, 2016 in All 2017

Interestingly, the human mind has certain predictable tendencies when involved in a decision making process. So of course – somewhere, in some big college dealing with some “science” like sociology or psychology, some professor has put together a curriculum teaching the “sciences” behind decision making.

Apparently – the whole process of making a decision, whether a small or a big decision revolves around the following features.

Satisfiers vs. Maximizers

Satisfiers are people who engage in the decision making process once they “acquire a certain criteria”. So in people-speak, this means that they decide once they see an option that meets their expectations. Despite seemingly high criterion, satisfiers make instant decisions once they find what they are looking for. For example, if you are looking for a certain type of house and your agents shows numerous houses, and you turn them down. However, once you get the particular house you are looking for, you settle for that, and you have no need for checking out the remaining houses, you are as satisfier.

Maximizers, on the other hand, have to try everything out before making a decision. When looking for a house, they have to go through all the available houses that are for sale so that they can know that they have made the best option. Ultimately, maximizers tend to spend more energy during a decision-making process, and they are usually less happy than the satisfiers are.

So although they are maximizers, they have not maximized their happiness.

Explaining How Less Can Be More

Psychologists argue that we have the capacity to make snap decisions founded on limited information. I too argue the same thing.

Nevertheless, apparently we do not apply that, we tend to look for additional information and try to capture as much as we can and then end up getting confused. The decision making process is more challenging because of the Internet. Can you imagine simple life was, before the inception of Google? Neither can I (actually I can, because I am old enough to have existed when Google was just an upstart challenging the mighty Yahoo!). However, to be honest, the Internet has made everything more complicated, because we have to Google search the history of a car manufacturer, before deciding to buy something from it. Essentially, psychologists maintain that only the crucial information is necessary when making a decision, for instance, is the efficiency of the car. That also explains why psychologists chose to major in Psychology – they too made snap decisions based on whatever they happened to know at the time.

Types of Intuitions

There are three types of intuitions. The ordinary feeling or gut instinct is the common intuition when you know that it will pour later in the day. It is a vague intuition. Expert intuition is instant reflex, for instance when tennis pro knows the direction of the tennis ball based on the arc of the opponent. It is a swift intuition that works only in familiar situations. Strategic intuition is a clear thought that works in new situations, and it is always slow. Once your brain gets used to making certain decisions, you can make the subsequent decisions easily, unlike the first  decision-making process. Very often, the keenest sense of strategic intuition comes only just after the fact, or just as about something is going to go wrong. This is often confused with hindsight.

So what kind of decision maker are you? Will changing your decision making style ensure a better outcome? This is unlikely because regardless of how much you know – you cannot predict the future and there are about a gazillion ways for things to not go according to plan. So why are psychologists studying this shit and writing academic papers – justifying their existence in universities ? Why are people paying to learn this bull-shit and taking tests to test their understanding of these hocus-pocus theories? Why did you read this article in the first place? I am not a psychologist. In fact you likely have no idea who I am and I sure as hell know that I didn’t give you any useful data. If you were even slightly intelligent, you too would have known about half way through the article that I wasn’t planning on giving you anything useful.

In fact, the only real takeaway from this entire article is that you really need to make more careful choices about where and how you decide to spend your time.

Steps Followed in the Decision Making Process

By on February 8, 2016 in All 2017

In life, we are all faced with a variety of decisions. If fact it runs into several hundred decisions on a daily basis. Bet you didn’t realize that. Go ahead and count it through. I’ll wait.

In case you didn’t realize it, taking that second to decide whether or not you were going to count it was a decision you just made.

Although most decisions may seem easy to make when compared to the occasional life changer, a decision making process will help you view each decision as important and, therefore, handle it with the right level of seriousness. It is usually important to have a given decision making process to follow to make sure that each of the decisions we consider important is handled correctly. Unless of course you have absolute believe in faith and fate, then the rest of this article is irrelevant to you. So you can go ahead and move on to something else. Unless you believe it was fate that led you here, then you’d probably want to stay on. I personally still think you need a good decision making process to decide what to do, otherwise you would not have made the bad decision to read this article this far.

A good process ensures that you do not leave out important considerations in arriving at the final course of action. duh.

Below we will look at the different steps of the decision making process.

The first step in the decision making process is to take the time to identify the exact decision that needs to be made. I say this because many people are morons; they don’t listen when their employers give instructions or their wives give commands, or when their husbands make humble requests. People tend to often execute their thoughts without thinking about what they are doing and what they want to actually achieve. For example, a person may simply create a website with a random decision making application, not really knowing what the hell he might want out of it, then spend a bucket load of time maintaining it, still not knowing why he’s doing it. This same person may decide to write mindless drivel for posts, still not really knowing where he wants to go with it.

So it is important to define why you are doing what you are doing before you start doing it.

This involves taking the time to define the specific nature of the decision to be made. This is an important step as it charts out the exact problem to be addressed.

Once the decision is identified, you should take the time to collect information about the decision. Making an informed decision almost guarantees a better outcome as you will understand the problem to be addressed and how it can be addressed.

As you research about the decision to be made, you will identify some of the ways you can address the decision/problem. This step in the decision making process helps you come up with a list of alternatives that can get the required end result although in different ways.

Making a decision based on the different alternatives identified above may involve different consequences and processes. It is, therefore, better to first simulate outcomes based on each of the alternatives before choosing the most favorable one. This step helps come up with a prioritized list of decision alternatives.

Of course, the step above obviously assumes you have a boat load of time and very little else to fill it with.

Now that you have a list of prioritized alternatives, the next step in the decision making process is to choose the best course of action. It is important to note that this step can be as easy as just picking out the first alternative highlighted in the above step; alternatively it can include combining two or more of the alternatives above. On a side note – keep a look out for when I write an article about why you need a decision making process to end your decision making process.

At this point, all you need is to take action. You have already dealt with the hard part of the process and have enough information to have made a sober and informed decision that is bound to get you the intended results. Unless your decision was to take over the World, get a Degree, get married or something like that. If that’s the case – then the hard part is just beginning.

The last step in the decision making process is to review the consequences of the decision taken. This step is aimed at helping you; the decision maker gauges the effectiveness and reliability of the process. Note that it is okay to repeat some of the steps above in a bid to ensure that any mistakes made are corrected for a better end result.

Yeah, so it’s all a vicious cycle. Given that Murphy’s law is real and chances are shit is going to hit the fan at some point of time – it is very possible that all the time you spent making that decision was for nothing. Plus, to top it off there is ALWAYS going to be that 1 person who is going to tell you that you “should have known better, if it had been me, I would have…”.

A Guide for Your Decision Making Process

By on February 8, 2016 in All 2017

If you’re about to make a big life changing decision and you are trying to seek help to guide you; you have landed on the right page. This page is full of vague and generic guidelines that sound intelligent but are probably not useful. It is the kind of information you are expected to nod your head to but forget as soon as the conversation is over.But you seem kind of desperate so let’s move on.

It is very understandable that making a decision is very difficult for many individuals. After all, most big decisions require taking risks, and not many are willing to take those risks and face the consequences of their decisions. It is important to remember though, that taking risks and making smart decisions can eventually lead you to make great changes not only in your life but in others as well. These could be great and epic decisions that change your life for the better or the worse.

If you are in a decision making process of something as simple as what you are going to wear or eat today, don’t overthink too much. Generally, covering your private areas and not eating poison is a good way to move forward.

When it comes to clothes, the best attitude is to take into consideration what Harvey Specter said in the series Suits: “Your appearance is just as important as your talent.” Do not overdress but don’t under dress either. You don’t know who you will be meeting or who you might need to impress today, and this can either make or break you. But of course if you work in a construction site under the hot sun you might not want to put on a suit, lest you get a heat stroke and end up in hospital where you just might meet the man or woman of your dreams; in which case you’d want to be in a suit, which coincidentally is the reason you are in hospital in the first place. Life is often a vicious irony.

For your food, just think of the future. Will daily intake of super oily bacon on huge burgers have a good effect on your health in the long run? Do you think you’d still be as strong as you are today compared to your body ten years from now? You are what you eat so you might as well consider that as well. No jokes here, because this is serious.

For riskier choices and bigger things that you need to decide on, a more complicated yet still quite simple decision making process is involved. These decisions could be anything like whether it’s time to quit your low-paying but stable job and apply for a new one without a guarantee of stability or whether you should purchase your dream car when you already have a simple sedan that still functions well or begin applying for a mortgage so that you can finally live in your own home. Here’s a simple step-by-step guide that you can take into consideration. Please note that I would personally not follow these generic guides, but whether you want to do so or not is a choice that you will have to make:

  1. Set a time limit or a deadline for you to finally make a decision. Without doing so, you might make instant decisions later on without really thinking about it.
  2. Determine whether something is a “need” or just a simple “want”. Especially if this involves your finances such as buying a new gadget that you don’t really need, take time to question yourself whether it’s something you can afford. Sometimes you may feel like you need to reward yourself because you deserve it but then, do you really need this now? You can reward yourself with something even better later on anyway.
  3. Seek advice from someone you trust like your parents, your reliable best friend, your boss or a mentor. It is better if you get a “second opinion” from a trusted person who you believe has made very good decisions in the past. But of course, their decisions would probably have been made in completely different circumstances. So make it a point to listen to their inputs, but do not take their inputs as commands.
  4. Write down pros and cons. This may sound like it would take too much effort but writing down will help you a lot in the decision making process. Weigh your options and decide from there if it’s worth the risk.

So as promised, we end this article leaving you in no better position to make any decision, simple or otherwise. The fact, is that nobody can help to to predict the future and the World is round, so gravitational forces aside – it could technically roll in any direction. The most updated information that you use to make a critical decision today, could become obsolete information tomorrow. In fact, it will become obsolete information at some point of time. It could already be obsolete when you used that information to make your decision. There is almost no such thing as “evergreen” information. Even established theories in science are being proven to not hold true in every circumstance.

So good luck to you, my friend.

But while you are here, please give our random decision maker application a try. The link to the application ought to be easy enough to find.