Savings of an Engineer in Singapore VS India | Cost of Living, income, Tax, Expenses & Savings
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- Опубліковано 5 лип 2024
- How different is software engineering in India with respect to that of Singapore? What kind of companies are present and what is the trend of those companies to hire from India? What is the cost of living in Singapore and ultimately how much more will you be able to save?
Is Singapore a safe bet for us to go, work and live?
With the recent salary boom that India has witnessed, Do you feel is it worth it to go there?
If you had these questions or are curios to know about it! then this is the perfect video for you! ❤️
Here, I have discussed the following :
📌 The different types of companies in Singapore
📌 Immigration opportunities and process
📌 The Cost of living breakdown
📌 The salary earned with respect to India(Both FAANG as well as non FAANG company)
📌 The Net savings
📌 Is it worth it? For whom ?
To connect with me:
Instagram: / dynamic_coder_18
LinkedIn: / soumyajit-bhattacharya...
Telegram: @sdeinterviewpreperation
Tech Company Review: • Tech company review
Timestamp
0:00 Intro
1:24 Top companies hiring in Singapore
3:38 Expenses breakdown
11:53 Salary and Net Savings comparison
13:32 is it worth it?
Tags & hashtags:
#singapore #softwareEngineer #costofliving #costofLivingSingapore #netSavings #hustlehard #google #rippling #Rubrik #usa #uk #germany #europe #abroad #bloomberg #Uber #Microsoft #google #low #level #design #lowleveldesign #soumyajit #bhattacharyay #bhattacharya #system #design #faang #facebook #code #interviewExperience #London #SoftwareInterview #SDE #SDE2 #DS #dataStructure #interviews #microsoft #techsalary #IndiaSalary #booking.com #salary #atlassian #yugabyte #microsoftEngineer #googleEngineer #googleindia #agoda #cohesity #compass #twilio #tekio #gojek #tokopedia #stripe #snowflake #nutanix #confluent #uber
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I have worked in Singapore I have visited other countries but the ease of living , the planning , savings everything being so close to India and also almost indian things available in India it is. the best country to work for sure
The information you have provided is damn accurate. Keep up the good work!! Big fan of your videos.
Thanks for the video. Its very helpful. Another super helpful video would be the 'Top 10 comapines hiring in Singapore' like you did for UK.
Absolutely!
Thanks for valuable info. good work.
really love it when you break done and give detailed stats.
The salary average seems to be overestimated even if you earn 30 lpa in india they offer only 96k sgd
I am seeing some of the job posts in Singapore, for a person with 5-9 YOE they are offering 8-10kSGD. So I think it's fair.
Absolutely !! Indians are not paid on par with other expats here as they are considered as cheap labour who work for peanuts which is something we Indians should change by not accepting low paying jobs
Pure quality content. All the best
Hi Soumyajith, Is it ok to move from India if we get a salary around SGD 6000/month for non-IT(Insurance Operations) office jobs. Also can we try different other organizations once we are in the country ?
NB: Say we are earning around 60 to 70k/month in India.
Hi Soumyajit, can you share more on the avg salary numbers you have taken?? Are they for 5-9 yrs of exp employee or can be for 9-12 yrs of exp candidate as well ?
Anywat, many thanks for sharing in such crisp format about the expenses !
Thanks a lot for making such videos. It was really helpful
Really insightful video! Please make a similar video for Netherlands and Australia
What about the medical expenses ? How much is being covered by the employer insurance?
I live in Singapore and the cost estimates for Singapore in this video are fairly accurate. I can't comment on the salary estimates since I am not a software engineer. Good video
Are you working in finance sector?
Hi Soumyajit, I am living in India and my husband is working in Singapore with an IT company. I am also planning to move to Singapore. I need your help with the job openings for MS dynamics CRM Functional consultant. Currently, I am working as functional consultant with an e learning company. I am planning for a transition from e learning to ms dynamics CRM. Could you please help how I can do transition ? And openings for MS dynamics functional consultant
Great content as always! Waiting for the podcast! Also if you could make similar video on Ireland and Germany, really appreciate it!
Yes will make them as well.
Misleading information about salaries /savings etc
Salary Mentioned for FAANG and or other Jobs for Singapore market as per video is applicable for managers and or senior managerial levels only ,
to get such a high salary in Singapore, a solid track record of minimum 15+ years would be needed,
such positions are much rear and obscure in number in Singapore and lots of hindrance for foreigners for all those as well,
Expenses details mentioned are most likely applicable only for single person alone and not that of a family since it is most likely that with 15+ of job experience person definitely would be having family with him as well
Some instances for illustration only
1. An average 3 star restaurant now cost $50-70/person in Singapore (this is just one instance to highlight and or hint level of money needed for a better life in Singapore )
2. average family house rental would cost $3500+ /month or higher only
3. school fee for kids on average will range $500+/month/kid for primary schools and $1000 +/month /kid for secondary schools
4. international schools charge fees on average $2000 +/month for primary and $3500+/month for secondary classes
5. and like this keep on adding on only
life would be reasonable ins Singapore only if both the spouses are earning on average $8000+/month in Singapore (means Singapore requires a monthly bare minimum salary of $16000 for a better life for a family, and that on average is really quite difficult to get in Singapore on average)
more details about salaries can be verified from glassdoor's and about numbers of opening in this segment (FAANG etc) from various job portals (those too describe a bit about salaries, there ranges etc)
Interesting facts always! So we can make better decisions whenever this time comes :P
Most definitely!
@sour Are wife and mother allowed to stay with us as dependent’s in Singapore?
Awesome and fair explanation. Can you do one for Germany as well ?
Singapore seems like a country to live life as a sprint. 👀
Insightful. 💸
If you expect to live a nice , good healthy life without much adjustment moving from India and saving a very good amount of money Singapore ie heaven so apart from within the country there are so many places nearby which you can go travel and so many companies making Singapore as their preferred choice
Please make a video on how an Non -It guy get a job in softwware engineering in singapore please also discuss the companies and where and how we can find these companies. Thanks a lot keep up the good work.
Hi. Thanks for the video.
Have one more doubt.
Could you please make video on Top 10 countries with Work Life balance for SDEs in FAANG-M level companies?
Plzz continue this series I learned lot of things of other countries... Thanks🙏
Yes this will definitely continue and as part of software engineer without borders playlist a lot of other things will start to come as well
Please make More videos like this😁....
Apart from income tax is there any other deductions from salary income?
Yes we need more videos about singapore and japan
Amazing and unique content sir...
Absolutely 🙂
What salary package an Embedded Software Developer with Masters degree in Engineering and 5.2yrs of Automotive industry experience currently working in India should expect in Singapore?
Yes, we want a podcast. And also make a video on the ways of getting offers in Australia.
Absolutely.
Thanks a lot for the video sir, much awaited one
One more request sir... In one of your video, you mentioned that the only country that is somewhat comparable to US in terms of salary is Switzerland. Can you please make a similar video for that too and also mentioning the famous tech companies out there offering the best salaries?
Yes that is correct. Surely will do. Plus the income tax is also quite less in Switzerland.
@@SoumyajitBhattacharyay waiting 🔥🔥
@@SoumyajitBhattacharyay usa r sathe compare kore o ekta banao
@@aryanilroy782 banano ache already. US, UK and Singapore.
Can you compare singapore with hong kong and dubai…which is the best city to move to
Welcome to Hyderabad bro! Awesome video 👍 and waiting for the podcast!
Thanks a ton
Does the salary include stocks?
Please make a video about which company is better to migrate for pharma people who has the experience of 15 years
Sir fresher can also apply for IT company as a web developer
Can you please done one for Amazon Spain (Barcelona) vs amazon India as well. How much savings can be done
yes...we want sir.
Thanks for the excellent video. Could you pls make one for Malaysia also.
No nonsense and very informative video. Thank you for this. May I know what would be the negotiation range for Senior Software Engineer in an above average company in Singapore so that it'd help to negotiate on the same?
50 lacs CTC in India OR 100K SGD in Singapore , which one sounds good ?
Hi. Can you please let us know about the cyber security future in Singapore and the average salary.
Hey.... Do u have any idea about the salary and details for cloud engineer😊
thanks a lot for the info. Could you please comment on how many days of annual leave does expat get in SG for vacation?
Yes podcast will definitely help. Please if you can tell us how you can take your parents with you in abroad
Absolutely will tell that as well. But yes different countries have different mechanisms
@@SoumyajitBhattacharyay since I have a single parent and it become tricky to make her travel to and fro. Is thr way we can add them as dependents and made stay with us. What happens in MAANG companies do they entertain such requests
bhaiya how to apply,search and land a job in foreign countries?
plz make a video on this
Hiii Soumyajit! We would love you to make a video on how a fresher can get a job as a Fullstack developer in singapore
Can you pls advice, what would the monthly tax on $6500 SGD PM
Hey first of all I am happy that you moved to the Pay org because I am also in that org only and now you've moved to Hyderabad??!! Can't wait to meet you in the office!!😁
Can we go to singapore only for crypto trading
It will be great to have similar videos for London and Vancouver/Torronto for FAANG level comp compared to same in India.
I already have it for London. This is the third in the series
May i know the tax on software jobs in Singapore
Is okay to move to to Singapore as a full stack developer of 5 years experience with 7000 SED
Sir i have done my bca.. Can i come to Singapore?
Can you make a video on savings in USA vs India?
Please make a comparison for India and Netherlands
Hi, thanks a lot for the Valuable Info.
Indian techies (from middle class families in India) living in Singapore with family, usually stay in Condos or HBDs?
Couldn't find much info online.
Yaaar it depends. There are people staying in HBDs as well as condos. Condos are definitely better purely from housing and amenities standpoint. Having said that, HBDs are not bad either.
@@SoumyajitBhattacharyay thanks 😊
Could you do this with switzerland as well?
Hi Soumyajit, what about CPF for expats? Is it applicable? If yes, then what's the methodology? Thank You
Expatriates are not required to contribute towards CPF. It’s only applicable for Singapore citizens and permanent residents.
Hi Soumyajit,
Could you please make similar video for Dubai?
Please compare with USA savings. As contract job . Its difficult to save on average 3lakh per month as bachelor. Per annum 36 lakhs.
Great topic 👍
Thanks! 🙂
@@SoumyajitBhattacharyay bro is gap matter in college Placement??
After 12th 2year gap then I join Nit .
In
Long term gap matters??
Can you clarify ...avg savings that you are saying 66lakh a year in faang and 34 lakh in avg company are Singapore dollar number or converted INR ?
It is INR. Everything is converted to inr
Yeah it would be great to see the list of companies actively hiring in Singapore 🇸🇬 just as you did for UK 🇬🇧!
Surely will make one.
Very informative
Will I be able to study engineering after passing 10th
Bro can you also make such video on Amsterdam as well ?
Amazing video bhaiya ❤️ Please make one for Toronto and Vancouver wrt India ❤️
Sureee. Will do so.
@@SoumyajitBhattacharyay lekin bhaiya ye sb country me job ke liye apply kaise kare
Dhruv are in USA right now??
@@saunaknandi1814 I'm in India
I am looking forward to move Singapore. Please guide on how to land a job there.
How can I move to Singapore for a role in product management or management consulting? I have both engineering and MBA degrees from Jadavpur University and IIFT Delhi respectively. Is it possible to move without any degree from Singapore?
If you get in plZ share with me also
@@vedantchapale1262 sure mate
Please make same video on Canada I'm requesting about this video from few months please 😔😔
Adult Monthly Travel Card is avaialble for locals & PR only.
What about medical expenses ?
Where can i contact with you ? I really want to work in Singapore 😢
Hi thanks for your video very helpful, please let me know the intro background song thanks
need 'Top 10 comapines hiring in Singapore' like you did for UK.
Please do a similar video on Canada.
Yeah please make that video
Yes do that podcast and please make video on companies hiring in singapore
Or Switzerland pe bhi bnao please wo bhi tax heaven hai
Yes absolutely ☺️
@@SoumyajitBhattacharyay how to apply on this foreign countries 🙂
Is 7300sgd/mth is enough to survive in SG
Can you please do the same comparison with Germany too? Pleaseee
Please make video on new zealand job opportunities from india
Make a video on companies in Singapore
Detailed explanation. I wanted to know what is a good salary for 6+ years experience senior developer in Singapore?
5kgross + 1k PF... For Indians then you shud get 6k. Again depends on company and ur skill
@@bsp236 Bro, in video it is mentioned 110k SGD average salary and u r saying 5k which means 60 k , how can it be possible
@@rajeshkumarjha1536 In the video it is not exaggerated but does not hold good. I am in Singapore for 1.5yrs now. 110k is probably for managers not for consultants. who just come in. To get EP your basic salary would range from 5.5 to 7k (exp 4 to 7) with 1k EPF that will be credited into your account. For those coming from India, unless the firm is too greedy or I have niche skill, they won't offer *more* than 7-8 if u are 7yrs exp guy and not a very hot skill in the market. You will get 1 month early bonus say it will be 100k. Perks like mobile,wifi bill etc can be additional, a mere amount but not all firms provide that.Those who are in Finance and banking get much more than avg IT guy's earning. The avg monthly expenses for a common room for single person today is 3k+ if you are not a drinker and dnt do unnecessary spending. For family of 2 it would be 4.5k with avg spending... Majority going in rentals.
Bhai by any chance can u make video for Saudia Arabia vs India
Dear sir,
I am an engineer 2012 pass out, I am working in a govt job since 2013... Profile is IT based but from last 5-6 years in the same job, I am working on administrative related stuff so i am not actually having any connection to IT profile from many years....... But now I want to switch to private sector, in IT sector....I will have to learn things from zero....i can study and learn....i am a very quick learner as well as I am the one who can work hard....... What do you suggest? Which course should I start with...? How long will it take me to get into job.?... I really want to get in Such big companies with good salaries.
I don't understand why you want to come to private sector. People working in private are desperate for a government job.
make video on Google salary in Singapore
Bhiya make video in India vs Dublin faang level company and average company.
Sir i have got Singapore job offer letter so I need some information about yourself "apextech engineering pvt ltd" please some share about that's company related information
in which city in India where the top IT companies are there rent in a decently good apartment is 18000? that too the maintenance cost in only decent societies due to major cities having water from tankers itself can be around 3000-4000
Yes assuming you are staying in 3 bhk apartment
I pay 11k including maintenance and water for my rent. Just FYI.
@@SoumyajitBhattacharyay you are considering single but with family 2 BHK the costs are definitely far more just for rent and then maintenance even in Singapore as Single you share the cost and it is far less than S$2000.
@@baa7948 obviously, and similarly it will also increase in Singapore as well
@@SoumyajitBhattacharyay in SGD 2000 to find a place to stay with family is very much possible and if single on shared it can be easily between 800 to 1000 SGD only. But, overall as you stated correctly considering the current scenario in India and my previous exp in Singapore you can save a lot more there in SG . There are 100s of other benefits no worry of water pumps their electricity charges, no worry of paying for maintaining inverters, generators, no worry of keeping 2 broadband connections if you do important work from home, so much lesser taxes on items that you consume on daily basis , no worry of water purifiers or their cost, no worry of expensive taxies as AC buses and metro cover most everything not like India where at many times you are blocked on cars, uber, ola's , several benefits of healthier life my stay the cost on general doctor visits is so less there is huge list of several other benefits you get and so many less worries, less taxes and np advance taxes,no complex rules just you get an amount to pay that too you get few months, greatly efficient just amazes with no land to grow ,with older population with no major water sources , no major reserves they are operating a country so efficiently, there are another several benefits
Thanks.
What about data science ?
Is 8k SGD per month good salary to live with family of 3 people (including the kid).TIA
Yes, it is. If you manage your finances properly you'll be able to save 4k sgd or more very easily
This is one of the best videos!
But my question is that:
if I make money from signapure and I work remotely living india, do I need to pay taxes? if so, what is the tax percent?
190,000 or 115,000 singapore dollars per anum?
Please do a video in uae dubai software Engineer savings
Is it US dollars or SGD u made calculations on ?
SGD
Please make course review videos
In salary comparison, is it ctc vs ctc or base vs base?
It is yearly salary VS yearly salary
@@SoumyajitBhattacharyay
Thank You 😊
Just one more thing to clarify : is this "with" stock option for both cases, or "without"?
How is khatabook Bangalore?
Pls make that video
rent on avg is around 1100 SGD only, 2000 is if you want to live luxuriously
Avg 2000 SGD is price of a decent condo in the City.
Luxurious - goes above 4 k. 🙂