Actuarial side they get very, very good increments for each paper completed. The more advanced the higher the increment. I believe it can be as much as RM8k for a full qualified actuary in terms of increments. Add to that regular promotions (3 in 8 years) and the figure is pretty achievable. The studying however is not easy, nor are the stress levels. Basically you get paid extra for more papers completed.

Although my career is not the best among the member here, I will still post my employment history with salary for those who wish to start their career in Singapore especially as IT professional.

Company A (Software QA - Oil And Gas Industry)
24 yo, Apr 2014, SGD2500 (Contract)
24 yo, Jun 2014, SGD2700 (Convert to permanent, 13th bonus + variable bonus)
25 yo, Jan 2015, SGD2980 (Increment + Management Remove 13th bonus - Due to bad oil price)
27 yo, Nov 2017, SGD2980 (Finally resigned because no salary increment, bonus and career progression in 2016 & 2017)

Company B (Software QA - IT service Industry)
27 yo, Dec 2017, SGD3400 (Permanent, 13th bonus + variable bonus)
28 yo, Apr 2018, SGD3600 (Passed Probation)
28 yo, Jun 2018, SGD4500 (Got other job offer, but company counter offer)
29 yo, Feb 2019, SGD4500 (Resigned)

Company C (Software QA - Gaming Industry)
29yo, Mar 2019, SGD5300 (Contract, no bonus)
30yo, Mar 2020, SGD5300 (Resigned)

Company D (Software QA - Automotive Industry)
30yo, Apr 2020, SGD7000 + 800 (Contract, variable bonus + monthly allowance SGD800)

From my experience in Singapore, jump ship is the best way to increase salary.
For those who want to come Singapore, remember open a Linkedin account, most of the recruiter search candidates from Linkedin. If you are IT professional, especially related to software development (Software engineer, QA, architect, Devops, Tech Consultant)

how to get into actuary  ?
Im engineering background .

only started hearing insurance/bank actuary after working.

Do you know how much paper increment will be paid to a fresh grad who has completed 13 out of the 15 exams through exemptions?

IFOA? I have heard some top insurer willing to pay 5k to fresh graduates with this many exemption.

Yes, IFOA. Is 5k the total salary (including basic salary) or the increment for the papers passed?

Including total salary. Sound rugi because you didn't get the full increment, but I think your annual increment will be higher than others to make up for the gap.

I think can start taking SOA preliminary exam first to get the actuarial knowledge.
But personally think no worth to switch after working in another industry, the opportunity cost too high and fresh grad supply is oversaturated...you could have spent the time doing other productive works instead of studying for exam which does not guarantee a job.

i;m not planning to switch job,
i'm already 40 dead horse .
allthough i'm in IC design (Integrated circuit) , working in company like Intel/AMD/Infineon design chip  .
salary not bad , but it;s always nice to explore others .
at least for children future.
*my old man was school teacher, he told us siblings not join teaching . Now my turn to tell my children not to join engineering .

Job Title : Design Engineer
Job Desciption : Circuit Designer
Age : 30
Years spent in company : 6 yrs
Company :
Industry : IT
Tenure :
Employment Level : Senior
Experience before joining (years) : 0
Highest paper qualification/ education background : Masters in Engineering
Location : Penang
Average Working Hours Per Week (incl lunch hours): 40 hours

Monetary Payout
Basic Salary + Fixed Allowance : RM 14000
Contractual Bonus (months): N/A
Performance, Variable Bonus & Commissions (months) : 1 month

Benefits (where relevant) :
Health Benefits : Insurance Claim
Transport Benefits : N/A
Mobile / Internet / Gadget Benefits : N/A
Flexi Working Hours : WFH
Other Benefits : N/A

Job Title : Design Engineer
Job Desciption : Circuit Designer
Age : 30
Years spent in company : 6 yrs
Company :
Industry : IT
Tenure :
Employment Level : Senior
Experience before joining (years) : 0
Highest paper qualification/ education background : Masters in Engineering
Location : Penang
Average Working Hours Per Week (incl lunch hours): 40 hours

Monetary Payout
Basic Salary + Fixed Allowance : RM 14000
Contractual Bonus (months): N/A
Performance, Variable Bonus & Commissions (months) : 1 month

Benefits (where relevant) :
Health Benefits : Insurance Claim
Transport Benefits : N/A
Mobile / Internet / Gadget Benefits : N/A
Flexi Working Hours : WFH
Other Benefits : N/A

New account just for this post?

Job Title : Manager
Job Description : Financial Planner
Age : 39

Industry : Financial Planning & Mortgage Services
Tenure : 10
Employment Level : Managerial
Experience before joining (years) : 6.5
Highest paper qualification/ education background: bachelor degree
Location : KL/ Selangor
Average Working Hours Per Week (incl lunch hours): 20 hours (MCO reduced to weekly 15 hours +/-)

Monetary Payout
Basic Salary : RM 40,000  per month (not counting additional payouts)
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) : 1

Benefits (where relevant) : -
Health Benefits : -
Flexi Working Hours : yes

Job Title : Process Analyst
Job Description : Consultant @ O&G industry
Age : 27

Industry : IT
Tenure : 3
Employment Level : Mid-level
Experience before joining (years) : 0
Highest paper qualification/ education background: bachelor degree
Location : KL/ Selangor
Average Working Hours Per Week (incl lunch hours): 45 hours

Monetary Payout
Basic Salary : RM 7,000 per month (not counting additional payouts)
Contractual Bonus (months): 1-2
Performance, Variable Bonus & Commissions (months) :

Benefits (where relevant) : -
Health Benefits : yes
Flexi Working Hours : no

That high? What industry? What degree?
Analyse what process?

Well give him some benefit of doubt.
What's the practical level one can expect at 30 though?

https://www.paylab.com/my/salaries-in-country..
But 14k by 30yo is not unbelievable..there are a lot of people making around there or more than that by 30.

https://www.paylab.com/my/salaries-in-country..
But 14k by 30yo is not unbelievable..there are a lot of people making around there or more than that by 30.

ya... i draw roughly that figure by 30