About Singapore Salaries
The perfect job is one that matches your passion, challenges you to grow, and gives you opportunities for individual growth and constant learning.
While having all of that is great, a good job must be able to put food on the table too.
As Singapore’s cost of living is one of the highest in the world, it is important that we get the salary we deserve for all the hard work we put in.
What is the Average Salary in Singapore? Guide to SG Salary Across Industries | 2021
As of January 2021, the average salary in Singapore is $5,877 per month, inclusive of the employer’s CPF contribution.
On average, candidates moving jobs expect a salary increment of 10% to 15%.
In Singapore, the Median Gross Monthly Income from work, inclusive of CPF contributions of full-time employed residents is at $4,534 (based on the year 2020). This is a nominal annualised change of 4.2% per annum, from the year 2010 to 2020.
Your gross monthly salary, or gross monthly income, refers to your monthly wage or salary before deduction of employee CPF contributions and personal income tax.
Your gross income includes allowances that you’re entitled to under a contract of service such as
- Basic wages
- Overtime pay
- Commissions
- Tips
- Other allowances
- 13th-month bonus
In exchange, Singaporeans are also working an average of 44 paid hours per week to earn this keep.
Key Takeaways When Reading A Salary Guide
Before we move on to a list of occupations and their respective monthly salaries, here’s how this salary guide can be helpful to you:
- If you are contemplating if you should further your studies, a salary guide can help you better decide if the cost of a higher study is worth it.
- If you are a job seeker, the salary range will help you manage your expectation.
- If you are thinking of finding that dream job, this salary guide can help you make smarter career decisions.
Singapore’s Median Wage According to Industries
Please select the industry that you are in:
- Finance and Accounting
- Financial Services
- Information and Technology
- Healthcare and Life Sciences
- Sales and Marketing
- Human Resources, Business and Office Support
- Sourcing, Supply Chain and Manufacturing
Sources: RobertHalf and Links International
Salaries of Positions in the Finance and Accounting Sector
- Some of the in-demand qualifications for the finance and accounting sector in Singapore are CA/CPA/ACCA, CFA or MBA.
- With companies and organisations going through digital transformation, some of the in-demand tech skills are knowledge of AI and BI tools such as Tableau, SQL, Power BI, Oracle BI, ACL and Qlik Sense.
- The industry is constantly looking to hire for roles in Corporate Finance, Treasury, Tax, Controllership, Financial Analysis.
- Fintech will also continue to grow in Singapore with tech giants such as Alibaba and Tencent setting up its regional hub locally.
The yearly wage range for careers in the Finance and Accounting sector is as such:
| Role | Annual Base Salary | ||
|---|---|---|---|
| Minimum | Median | Maximum | |
| Accounting/Finance Management | |||
| Accountant | $50,000 | $60,000 | $75,000 |
| Senior Accountant | $70,000 | $80,000 | $95,000 |
| Manager | $90,000 | $110,000 | $140,000 |
| Finance Controller | $150,000 | $160,000 | $180,000 |
| Finance Director | $200,000 | $220,000 | $280,000 |
| Accounts Payable/ Receivable | |||
| Specialist/ Executive | $36,000 | $42,000 | $54,000 |
| Accountant | $55,000 | $60,000 | $75,000 |
| Manager | $80,000 | $95,000 | $130,000 |
| Corporate Finance/ Mergers and Acquisitions | |||
| Analyst/ Senior Analyst | $70,000 | $85,000 | $110,000 |
| Manager | $120,000 | $130,000 | $150,000 |
| Director | $160,000 | $185,000 | $250,000 |
| Cost Accounting | |||
| Accountant/ Analyst | $50,000 | $60,000 | $80,000 |
| Manager | $90,000 | $110,000 | $135,000 |
| Credit | |||
| Analyst/ Senior Analyst | $60,000 | $70,000 | $85,000 |
| Controller | $90,000 | $105,000 | $130,000 |
| Manager | $120,000 | $135,000 | $170,000 |
| Financial Planning and Analysis/ Business Analyst | |||
| Analyst | $65,000 | $70,000 | $80,000 |
| Senior Analyst | $90,000 | $95,000 | $110,000 |
| Manager | $120,000 | $140,000 | $180,000 |
| Director | $220,000 | $240,000 | $300,000 |
| Internal Audit | |||
| Auditor/ Senior Auditor | $72,000 | $90,000 | $110,000 |
| Manager/ Senior Manager | $120,000 | $150,000 | $200,000 |
| Director | $200,000 | $240,000 | $280,000 |
| Risk/ Compliance | |||
| Manager/ Senior Manager | $110,000 | $130,000 | $180,000 |
| Director | $180,000 | $200,000 | $250,000 |
| Tax | |||
| Analyst/ Senior Analyst | $75,000 | $90,000 | $110,000 |
| Manager/ Senior Manager | $120,000 | $130,000 | $180,000 |
| Tax Director | $200,000 | $250,000 | $350,000 |
| Treasury | |||
| Accountant/ Analyst | $70,000 | $80,000 | $100,000 |
| Manager | $120,000 | $150,000 | $190,000 |
| Director | $200,000 | $230,000 | $300,000 |
Salaries of Positions in the Financial Services Sector
- The rise of digital banking will also ensure the demand of various skillsets in the financial services sector. Four organisations were awarded a digital bank licenses in the year 2020.
- The industry will be looking to hire roles in Risk management, Internal Audit and Regulatory Compliance.
- Qualifications such as CA, CMFAS, CAMS and CAIA will be of value adding too.
The yearly wage range for careers in the Financial Services sector is as such:
| Role | Annual Base Salary | ||
|---|---|---|---|
| Minimum | Median | Maximum | |
| Regulatory Compliance/ Financial Crime Compliance | |||
| Analyst | $50,000 | $60,000 | $80,000 |
| Associate/Manager/AVP | $80,000 | $100,000 | $130,000 |
| VP/SVP | $135,000 | $160,000 | $230,000 |
| Director/ED/MD | $260,000 | $300,000 | $450,000 |
| Credit Risk | |||
| Analyst | $60,000 | $65,000 | $85,000 |
| Associate/Manager/AVP | $80,000 | $110,000 | $150,000 |
| VP/SVP | $145,000 | $180,000 | $250,000 |
| Director/ED/MD | $250,000 | $300,000 | $450,000 |
| Market Risk | |||
| Analyst | $50,000 | $60,000 | $80,000 |
| Associate/Manager/AVP | $80,000 | $100,000 | $130,000 |
| VP/SVP | $135,000 | $170,000 | $230,000 |
| Director/ED/MD | $230,000 | $300,000 | $450,000 |
| Operational Risk | |||
| Analyst | $55,000 | $65,000 | $85,000 |
| Associate/Manager/AVP | $85,000 | $105,000 | $135,000 |
| VP/SVP | $140,000 | $165,000 | $235,000 |
| Director/ED/MD | $230,000 | $300,000 | $450,000 |
| Financial Control | |||
| Analyst | $50,000 | $60,000 | $80,000 |
| Associate/Manager/AVP | $80,000 | $100,000 | $130,000 |
| VP/SVP | $145,000 | $160,000 | $230,000 |
| Director/ED/MD | $230,000 | $300,000 | $400,000 |
| Fund Accounting | |||
| Accountant/Senior Accountant | $50,000 | $60,000 | $80,000 |
| Associate Manager/AVP | $80,000 | $100,000 | $130,000 |
| VP/SVP | $145,000 | $160,000 | $230,000 |
| Director/ED/MD | $230,000 | $300,000 | $400,000 |
| Internal Audit | |||
| Analyst | $50,000 | $60,000 | $80,000 |
| Associate/Manager/AVP | $80,000 | $100,000 | $130,000 |
| VP/SVP | $145,000 | $160,000 | $230,000 |
| Director/ED/MD | $230,000 | $300,000 | $400,000 |
| Management Reporting | |||
| Analyst | $50,000 | $60,000 | $80,000 |
| Associate/Manager/AVP | $80,000 | $100,000 | $130,000 |
| VP/SVP | $145,000 | $160,000 | $230,000 |
| Product Control | |||
| Analyst | $42,000 | $55,000 | $75,000 |
| Associate/Manager/AVP | $75,000 | $90,000 | $120,000 |
| VP/SVP | $120,000 | $140,000 | $160,000 |
| Regulatory Reporting | |||
| Analyst | $50,000 | $60,000 | $80,000 |
| Associate/Manager/AVP | $80,000 | $100,000 | $130,000 |
| VP/SVP | $145,000 | $160,000 | $230,000 |
| Tax | |||
| Analyst | $60,000 | $65,000 | $85,000 |
| Associate/Manager/AVP | $80,000 | $110,000 | $150,000 |
| VP/SVP | $145,000 | $180,000 | $250,000 |
| Director/ED/MD | $250,000 | $300,000 | $450,000 |
| Treasury | |||
| Analyst | $50,000 | $60,000 | $80,000 |
| Associate/Manager/AVP | $80,000 | $100,000 | $130,000 |
| VP/SVP | $120,000 | $160,000 | $230,000 |
| Director/ED/MD | $230,000 | $300,000 | $450,000 |
| Client Services/Marketing Support | |||
| Analyst | $40,000 | $50,000 | $65,000 |
| Associate/Manager/AVP | $60,000 | $80,000 | $110,000 |
| VP/SVP | $110,000 | $130,000 | $170,000 |
| Director/ED/MD | $180,000 | $230,000 | $350,000 |
| Corporate Actions | |||
| Analyst | $40,000 | $50,000 | $65,000 |
| Associate/Manager/AVP | $60,000 | $80,000 | $110,000 |
| VP/SVP | $110,000 | $130,000 | $170,000 |
| Director/ED/MD | $180,000 | $230,000 | $350,000 |
| Documentation Specialist | |||
| Analyst | $40,000 | $50,000 | $65,000 |
| Associate/Manager/AVP | $60,000 | $80,000 | $110,000 |
| VP/SVP | $110,000 | $130,000 | $170,000 |
| Director/ED/MD | $180,000 | $230,000 | $350,000 |
| Equity Settlements/Fixed Income Settlements | |||
| Analyst | $40,000 | $50,000 | $65,000 |
| Associate/Manager/AVP | $60,000 | $80,000 | $110,000 |
| VP/SVP | $110,000 | $130,000 | $170,000 |
| Director/ED/MD | $180,000 | $230,000 | $350,000 |
| Loans Administrations/Documentations | |||
| Analyst | $40,000 | $50,000 | $65,000 |
| Associate/Manager/AVP | $60,000 | $80,000 | $110,000 |
| VP/SVP | $110,000 | $130,000 | $170,000 |
| Director/ED/MD | $180,000 | $230,000 | $350,000 |
| Middle Office/Trade Support (All Products) | |||
| Analyst | $40,000 | $50,000 | $65,000 |
| Associate/Manager/AVP | $60,000 | $80,000 | $110,000 |
| VP/SVP | $110,000 | $130,000 | $170,000 |
| Director/ED/MD | $180,000 | $230,000 | $350,000 |
| Pricing Analyst | |||
| Analyst | $40,000 | $50,000 | $65,000 |
| Associate/Manager/AVP | $60,000 | $80,000 | $110,000 |
| VP/SVP | $110,000 | $130,000 | $170,000 |
| Director/ED/MD | $180,000 | $230,000 | $350,000 |
| Treasury Operations | |||
| Analyst | $40,000 | $50,000 | $65,000 |
| Associate/Manager/AVP | $60,000 | $80,000 | $110,000 |
| VP/SVP | $110,000 | $130,000 | $170,000 |
| Director/ED/MD | $180,000 | $230,000 | $350,000 |
| Investor Relations | |||
| Analyst | $60,000 | $80,000 | $110,000 |
| Associate/Assistant Manager/Manager | $90,000 | $120,000 | $160,000 |
| AVP/VP | $150,000 | $170,000 | $200,000 |
| Director | $190,000 | $240,000 | $350,000 |
| Investment Banking | |||
| Analyst | $60,000 | $70,000 | $100,000 |
| Associate/Manager/AVP | $70,000 | $80,000 | $120,000 |
| VP/SVP | $110,000 | $130,000 | $210,000 |
| Director/ED | $200,000 | $230,000 | $350,000 |
| Portfolio Management | |||
| Analyst | $70,000 | $80,000 | $110,000 |
| Associate/Manager/AVP | $80,000 | $90,000 | $130,000 |
| VP/SVP | $120,000 | $140,000 | $220,000 |
| Director/ED | $250,000 | $280,000 | $380,000 |
Salaries of Positions in the Information and Technology Sector
- With the COVID-19 pandemic, Information Technology (IT) has proved its importance to help with the various economic challenges that consumers and companies faced.
- Businesses will look to continue and strengthen their tech solutions into their operations moving forward.
- DevOps Engineer, Cyber-Security Consultant and Infrastructure Engineers will be the top priority
The yearly wage range for careers in the Information and Technology sector is as such:
| Role | Annual Base Salary | ||
|---|---|---|---|
| Minimum | Median | Maximum | |
| Head of IT | $145,200 | $186,000 | $258,000 |
| Technology - Financial Services | |||
| Applications Architect | $120,000 | $135,000 | $200,000 |
| Business Analyst | $80,000 | $110,000 | $180,000 |
| Change Manager | $120,000 | $150,000 | $250,000 |
| Chief Information Officer (CIO) | $250,000 | $300,000 | $500,000 |
| Chief Information Security Officer (CISO) | $250,000 | $300,000 | $500,000 |
| Cloud Architect | $120,000 | $150,000 | $220,000 |
| Cloud Engineer | $80,000 | $110,000 | $180,000 |
| Cyber-Security Manager | $120,000 | $150,000 | $200,000 |
| Data Analyst | $72,000 | $95,000 | $168,000 |
| Data Architect | $120,000 | $135,000 | $200,000 |
| Data Engineer | $80,000 | $110,000 | $180,000 |
| Data Scientist | $90,000 | $120,000 | $200,000 |
| Database Administrator | $110,000 | $130,000 | $180,000 |
| Database Engineer | $80,000 | $110,000 | $180,000 |
| Developer | $90,000 | $120,000 | $180,000 |
| DevOps Engineer | $100,000 | $120,000 | $200,000 |
| Enterprise Architect | $180,000 | $220,000 | $300,000 |
| Helpdesk Support Analyst | $54,000 | $75,000 | $110,000 |
| Infrastructure Architect | $120,000 | $135,000 | $200,000 |
| IT Auditor | $80,000 | $100,000 | $180,000 |
| IT Auditor/IT Risk | $84,000 | $120,000 | $240,000 |
| IT Business Partner | $120,000 | $140,000 | $200,000 |
| IT Director | $185,000 | $210,000 | $280,000 |
| IT Manager | $125,000 | $150,000 | $200,000 |
| IT Risk & Governance | $90,000 | $120,000 | $200,000 |
| IT Security Analyst/Consultant | $90,000 | $120,000 | $200,000 |
| IT/Systems Engineer | $80,000 | $98,000 | $125,000 |
| Network Architect | $120,000 | $135,000 | $200,000 |
| Network Engineer | $80,000 | $100,000 | $150,000 |
| Network/Infrastructure Manager | $90,000 | $110,000 | $150,000 |
| PMO | $90,000 | $120,000 | $250,000 |
| Product Owner/Manager | $120,000 | $150,000 | $250,000 |
| Program Manager | $200,000 | $250,000 | $350,000 |
| Project Manager | $120,000 | $150,000 | $250,000 |
| SAP Consultant | $84,000 | $110,000 | $145,000 |
| Service Delivery Manager | $110,000 | $130,000 | $200,000 |
| Solutions Architect | $120,000 | $135,000 | $200,000 |
| Scrum Master | $90,000 | $115,000 | $150,000 |
| Systems Administrator | $72,000 | $90,000 | $130,000 |
| Systems Analyst | $72,000 | $84,000 | $150,000 |
| Technology - Commerce and Industry | |||
| Applications Architect | $120,000 | $135,000 | $200,000 |
| Business Analyst | $84,000 | $108,000 | $132,000 |
| Chief Information Officer (CIO) | $200,000 | $220,000 | $300,000 |
| Chief Information Security Officer (CISO) | $250,000 | $300,000 | $500,000 |
| Cloud Architect | $120,000 | $135,000 | $200,000 |
| Cloud Engineer | $80,000 | $110,000 | $180,000 |
| Cyber-Security Manager | $120,000 | $150,000 | $200,000 |
| Data Analyst | $72,000 | $95,000 | $168,000 |
| Data Architect | $120,000 | $135,000 | $200,000 |
| Data Engineer | $80,000 | $110,000 | $180,000 |
| Data Scientist | $90,000 | $120,000 | $200,000 |
| Database Administrator | $110,000 | $130,000 | $180,000 |
| Database Engineer | $80,000 | $110,000 | $180,000 |
| Developer | $90,000 | $120,000 | $180,000 |
| DevOps Engineer | $100,000 | $120,000 | $200,000 |
| Enterprise Architect | $180,000 | $220,000 | $300,000 |
| ERP Project/Delivery Manager | $100,000 | $120,000 | $180,000 |
| Helpdesk Support Analyst | $54,000 | $75,000 | $110,000 |
| Infrastructure Architect | $120,000 | $135,000 | $200,000 |
| IT Audit/IT Risk | $84,000 | $120,000 | $240,000 |
| IT Auditor | $80,000 | $100,000 | $180,000 |
| IT Business Partner | $120,000 | $140,000 | $200,000 |
| IT Director | $185,000 | $210,000 | $280,000 |
| IT Manager | $125,000 | $150,000 | $200,000 |
| IT Risk & Governance | $90,000 | $120,000 | $200,000 |
| IT Security Analyst/Consultant | $90,000 | $120,000 | $200,000 |
| IT/Systems Engineer | $80,000 | $98,000 | $125,000 |
| Network Architect | $120,000 | $135,000 | $200,000 |
| Network Engineer | $72,000 | $90,000 | $145,000 |
| Network/Infrastructure Manager | $90,000 | $110,000 | $150,000 |
| Presales Consultant | $84,000 | $100,000 | $150,000 |
| Product Owner/Manager | $120,000 | $150,000 | $250,000 |
| Project Manager | $120,000 | $150,000 | $250,000 |
| SAP Consultant | $84,000 | $110,000 | $145,000 |
| Service Delivery Manager | $110,000 | $130,000 | $200,000 |
| Solutions Architect | $120,000 | $135,000 | $200,000 |
| Systems Administrator | $72,000 | $90,000 | $130,000 |
| Systems Analyst | $72,000 | $84,000 | $150,000 |
| Technical Sales Engineer | $75,000 | $95,000 | $130,000 |
Salaries of Positions in the Healthcare and Life Sciences Sector
- With the uncertainty surrounding the COVID-19 pandemic, we will expect an increase in demand in healthcare professionals.
- Singapore is also an ideal place for adopting health tech with our centralised healthcare data system and infrastructure in place. This will potentially attract more tech-savvy health companies and professionals to set up their research and development here.
- Jobs in demand for 2020 include staff nurse, social worker, regulatory affairs managers and product managers
The yearly wage range for careers in the Healthcare and Life Sciences sector is as such:
| Role | Annual Base Salary | ||
|---|---|---|---|
| Minimum | Median | Maximum | |
| Marketing | $72,000 | $96,000 | $120,000 |
| Sales | $48,000 | $72,000 | $96,000 |
| Business Development | $96,000 | $144,000 | $192,000 |
| Strategic Planning | $72,000 | $108,000 | $144,000 |
| Production and Quality | |||
| Quality Assurance | $72,000 | $96,000 | $120,000 |
| Quality Control | $72,000 | $96,000 | $120,000 |
| Production | $48,000 | $72,000 | $96,000 |
| Clinical Development | |||
| Clinical Operation | $57,600 | $88,800 | $120,000 |
| Clinical Research Physician/ Medical Affairs | $96,000 | $120,000 | $144,000 |
| Clinical Statistics | $72,000 | $96,000 | $120,000 |
| Regulatory affairs | $72,000 | $96,000 | $120,000 |
| Market Access and Corporate Affairs | |||
| Market Access | $72,000 | $96,000 | $120,000 |
| HEOR | $96,000 | $120,000 | $144,000 |
Salaries of Positions in the Sales and Marketing Sector
- Due to the boom of e-commerce, online marketing and eCommerce are growing at an extraordinary rate in Singapore.
- As more companies look to adopt e-commerce and online marketing solutions for their businesses, online marketing specialists will continue to be in demand.
- In comparison, traditional marketing roles will look to struggle and become increasingly marginalised.
- Digital marketing and social media skill is also a must as retail look drive results through online marketing efforts.
- Jobs in demand for 2021 include CRM Manager, Business Development Manager, Digital Marketing Specialist and Marketing Manager
The yearly wage range for careers in the Retail sector is as such:
| Role | Annual Base Salary | ||
|---|---|---|---|
| Minimum | Median | Maximum | |
| Marketing Director | $102,000 | $144,000 | $204,000 |
| Marketing Manager | $60,000 | $90,000 | $132,000 |
| Digital Marketing Director | $115,200 | $156,000 | $230,400 |
| Content Marketing | $40,800 | $66,000 | $110,400 |
| SEO/SEM/Social Media/ CRM specialist | $45,600 | $90,000 | $160,800 |
| Public Relations | $40,800 | $80,400 | $156,000 |
| Art Director/ Graphic Design | $40,800 | $66,000 | $110,400 |
| Ecommerce | $48,000 | $85,200 | $156,000 |
| Business Development Manager | $50,400 | $85,200 | $156,000 |
| Account Manager | $50,400 | $90,000 | $150,000 |
| Sales team lead | $85,200 | $132,000 | $156,000 |
| Channel Manager | $50,400 | $90,000 | $180,000 |
| Commercial Director (Sales & Marketing) | $180,000 | $252,000 | $360,000 |
Salaries of Positions in the Human Resources, Business and Office Support Sector
- With companies moving towards a “new normal”, the role of the HR team will also be redefined. With working from home being the new default, the HR team will also be focusing a lot on supporting the employee’s health and mental wellbeing.
- Talent acquisition will not be the same too, with most interviews being carried out online.
- Companies will be looking for solutions to provide their employees easier access to HR related solutions. The need to integrate clud-based HR systems into business operations will also be a crucial strategy.
The yearly wage range for careers in the Human Resources, Business and Office Support sector is as such:
| Role | Annual Base Salary | ||
|---|---|---|---|
| Minimum | Median | Maximum | |
| Payroll | |||
| Specialist/Executive | $42,000 | $48,000 | $60,000 |
| Manager/Senior Manager | $72,000 | $84,000 | $108,000 |
| Human Resources | |||
| HR Executive/Generalist | $36,000 | $42,000 | $54,000 |
| HR Assistant Manager | $60,000 | $66,000 | $78,000 |
| HR Manager | $72,000 | $84,000 | $108,000 |
| HR Business Partner | $72,000 | $84,000 | $108,000 |
| HR Director/Head of HR | $144,000 | $180,000 | $264,000 |
| Talent Acquisition Specialist | $48,000 | $60,000 | $78,000 |
| Talent Acquisition Lead/Manager | $72,000 | $84,000 | $108,000 |
| Compensation and Benefits Specialist | $48,000 | $55,000 | $80,000 |
| Compensation and Benefits Manager | $96,000 | $108,000 | $132,000 |
| Learning and Development Specialist | $48,000 | $55,000 | $80,000 |
| Learning and Development Manager | $96,000 | $108,000 | $132,000 |
| Administrative Assistance | |||
| Receptionist | $33,000 | $39,000 | $60,000 |
| Administrative Assistant | $33,000 | $39,000 | $60,000 |
| Office Manager | $55,000 | $66,000 | $96,000 |
Salaries of Positions in the Sourcing, Supply Chain and Manufacturing Sector
- With the COVID-19 pandemic, Singapore’s Sourcing, Supply Chain and manufacturing sector has taken a great impact. The uncertainty in number of cases across countries has impacted Singapore’s output.
- We will expect a digital transformation of companies where they take this opportunity to upgrade their operations infrastructure. Some of these transformation includes implementing automation and redesigning the supply chain process.
The yearly wage range for careers in the Sourcing, Supply Chain and Manufacturing sector is as such:
| Role | Annual Base Salary | ||
|---|---|---|---|
| Minimum | Median | Maximum | |
| Supply Chain planning/Analyst | $43,200 | $60,000 | $69,600 |
| Supply Chain Manager | $79,200 | $96,000 | $139,200 |
| Procurement Manager | $79,200 | $109,200 | $139,200 |
| Sourcing/Merchandising Manager | $63,600 | $86,400 | $132,000 |
| Quality Manager | $75,600 | $97,200 | $144,000 |
| Technical Specialist | $54,000 | $68,400 | $81,600 |
| Technical Manager | $74,400 | $86,400 | $132,000 |
| Engineering Manager | $74,400 | $86,400 | $146,400 |
| Engineering Director | $132,000 | $168,000 | $214,800 |
| Testing Manager | $57,600 | $74,400 | $99,600 |
| Quality improvement Manager | $82,800 | $109,200 | $128,400 |
| Designer | $38,400 | $64,800 | $74,400 |
| Design Manager | $82,800 | $97,200 | $144,000 |
| Operation Improvement Manager | $74,400 | $99,600 | $144,000 |
The Cons of Salary Guides
While salary guides are a good gauge for your income as you progress through the various stages of your career.
There are some limitations of over-relying on salary guides.
Depending on the recruitment firm that compiles the guide, most of these salary guides can be skewered towards experienced hires.
Therefore, fresh graduates should take the guides with a healthy pinch of salt.
On top of that, candidates have a tendency of overstating their take-home salary in the hopes of getting a higher salary for their next job.
So again, if you’re a fresh grad, you really should take the average amount as a very loose guide.
Ultimately, choosing a job you love and having the best personal finance habits is the key to a happier life.
And all it takes is small and simple steps like crediting your salary into a high-interest savings account instead of just earning a paltry 0.05% in a regular savings account.
This way, you can maximise your salary and get a headstart on achieving financial independence (and freedom!).
Take Action now!
Thankfully when you live in Singapore, you can start looking for your next opportunity to improve yourself today. For both salary or even the scope of your work.
Here are some of the platforms which Seedly recommends:
- SeedlyCommunity on career: Let more experienced community members guide you on your career path
- SkillsFuture: Use the $500 credit that the government has credited to your account (beyond age 25)
- TechInAsia Jobs: A new and effective platform to find jobs in tech (IT, design, marketing, finance, related)
- Glints Jobs: A career discovery and development platform to help you up-skill
- Startup Jobs Asia: A slightly more mature platform to find jobs in tech (new companies)
- JobStreet: The No 1 job site in Singapore
- Glassdoor: To read reviews from previous employees on the current job role and company
- Nodeflair: To research on salaries of tech positions locally
Another great thing is that in Singapore we have initiatives such as the CDC vouchers scheme to help offset a part of the high cost of living, find out how to redeem yours now!
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About Ming Feng
A stint in Bloomberg gifted me with a beer belly, which only grew larger when I moved on to become a Professional Trader. Now I turn caffeine into digestible finance-related content.
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