Found this interesting website, Average Salary Survey 2011/2012 where visitors from all over the world can enter their salary information. And later can be viewed and compared with others.
A salary survey by countries
Based on the website, I would like to fly to Switzerland or Australia and work there for a couple of years. And then come back to Malaysia for a mini-retirement before going to another country.
As of today (4 Apr 2012), Malaysia is ranked 71 out of 187 countries. Not bad but can be further improved. Of course, we always wish for improvement, right?
Based on the website, with 1,000 entries from Malaysia, the average salary is USD15,300 per year, which is about MYR50,000 or MYR4,166 per month. I think Malaysians who entered their salary information on this website must be from above the middle-income group.
Because I know most of the people I know are earning between MYR2,000 to MYR5,000 per month. Of course varies between different industries, years of experience and the company they are working with.
There are also those from higher managerial levels with more than MYR5,000, but not many. Anyway, that’s just a figure and it also depends on the 1,000 entries received as of 4 Apr 2012.
I have friends working in Singapore and the United Kingdom, and family working in Taiwan, Brunei and Australia. I think the information is quite true. A friend who works in Singapore is earning 2.5 times what she’s earning in Malaysia.
For example, in Malaysia, she’s paid MYR2,500. In Singapore, she’s paid S$2,500. No wonder she’s not planning to come back to Malaysia.
Another friend who works in Taiwan is earning about NTD80,000 per month. But, needless to say, the living expenses for both my friend in Singapore and Taiwan is also very high especially for their room rental or housing loan.
The thing I envy them is that they have higher purchasing power and better quality of life.
Final thoughts
Well, we look forward to a better pay scheme for everyone.
