List of Jobs Position in Singapore That Pay Well
List of Jobs in Singapore That Pay Well - Before diving into what jobs in Singapore that can pay the employees well, define the meaning of a well-paid job first. It’s necessary because people must know what their job can give them in return and make sure that it’s a fair trade. Working is not merely about contributing your time and energy for the company you work for. It should be more than that.
To some people, they consider a job to pay them well if they can pay their bills with no problem. There are people who consider having the ability to take a modest international trip vacation once a year is a sign that their job pays them well. Of course there are people who consider being able to eat out whenever they want as a benefit. It’s not rare as well for people wanting three of them or even more.
There are several qualities you need to consider so you end up working for a job that pays you well. First, check the median salary. Salary is one of the main factors that you need to consider in choosing your job, in case you are not aware already.
The best way to start it is by visiting sites that provide this purpose. You can check the salary for every job title on salary calculator sites. So you input the keywords and the site will do their job. As for the keywords you can input job title, career field, location, experience, education, and special skills. Using the right keywords and making it more specific can help you to filter your search. It should help you find what you look for effectively.
In Singapore, there are several sites you can use as salary calculator:
- Hays Singapore
- Indeed Singapore
- Payscale Singapore
- Glassdoor Singapore
- Salary Comparison Calculator by Singapore Minister of Manpower
- Workfare
- Salary Expert
- Jobstreet Salary Calculator
A little fun fact. If you use Payscale, you have College Return on Investment (ROI) Report option. This feature can help you to find out the range of salary of degrees from different colleges that can affect your salary. It means that education background can affect the salary offer and you can explore more with these salary calculator sites.
However, the median monthly salary from work in Singapore was $4,680 in 2021. This number has been included with the employer's CPF contribution. The median monthly salary excluding the employer’s CPF Contribution in Singapore is $4,000 with no change from 2020. Meanwhile the one with employer’s CPF contribution has increased by 3% compared to 2020.
It is important to be aware of the median salary and how much you should be paid for your job. That your salary is at least close to the median salary in Singapore or even better, above the average. However, it’s not always that simple either.
There are many reasons that make a salary differ from one job and another. Age, gender, education, and race are few of the many factors that can define salary.
Let’s take an example in Singapore. There are many opportunities for men and women in Singapore but the gender pay gap is still visible. While the reasons may be contentious, the gap is still there regardless. The gender factor resulted with men’s median monthly salary in 2021 is $4,875 and $4,437 for women. It means by gender factor, women receive less salary than men.
By age, usually older age groups receive higher salaries but it only happens until 44. Making them tend to receive less salary after hitting 45. Another newfound that can be learnt from the Labor Force in Singapore 2021 report is that younger women tend to receive higher salary than men of the same age group. However as the age group gets older, the number switches and shows that men tend to receive higher salaries.
The second quality to consider if your job pays you well is by calculating your household income. The formula is:
|
monthly household income per household member |
= |
monthly household |
|
number of people in the household |
If the result of your calculation is above $4,680, it means that you’re doing well financially.
Third, on how you spend your money. According to the Department of Statistics Singapore, 24.4% Singaporeans spend money on food, 15.9% on transportation, and 14.4% on housing. The full chart of this is called how Singaporeans spend their money. Here is the full chart to give an idea what Singaporeans usually spend their money for.
Source: Department of Statistics Singapore
Hopefully the three qualities to consider before choosing a job elaborated above can help you to give a better direction on which career to consider. Especially if you are a fresh graduate who still has no work experience and wants guidance on how to start it all.
Onto the next thing, let’s find jobs in Singapore that can pay you well while considering those three qualities at the same time.
Finance and accounting are one of the most in-demand sectors because their roles are highly needed in almost if not all industries. In Singapore where many financial technologies (fintech) established and proved being able to grow significantly, these sectors always flourish. That means there are more jobs available and so is the possibility of being employed with a fair salary. To name a few, there are Alibaba, Tencent, InvoiceInterchange, Ripple Singapore, and many more.
In order to be employed by those companies, you need to fulfill their requirements. Commonly you need CA/CPA/ACCA, CFA or MBA. Then you need to have the AI and BI tools such as Tableau, SQL, Power BI, Oracle, ACL and Qlik Sense. You can find detailed qualifications if you know which job in the finance and accounting sector you should consider.
Most important part, you may want to know the annual salary for jobs in the finance and accounting sector for the 50th percentile in 2023.
a. Accounting/finance management
|
Finance Management Accountant |
$61,000 |
|
Senior Accountant |
$81,000 |
|
Accounting/Finance Manager |
$112,000 |
|
Finance Controller |
$162,000 |
|
Finance Director |
$223,000 |
b. Accounts payable/receivable
|
Specialist/Executive |
$42,000 |
|
Accountant |
$61,000 |
|
Manager |
$97,000 |
c. Corporate finance/mergers and acquisitions
|
Analyst/Senior Analyst |
$86,000 |
|
Manager |
$132,000 |
|
Director |
$187,000 |
d. Cost accounting
|
Accountant/Analyst |
$61,000 |
|
Manager |
$111,000 |
e. Credit
|
Analyst/Senior Analyst |
$71,000 |
|
Controller |
$106,000 |
|
Manager |
$137,000 |
f. Financial planning and analysis/business analyst
|
Analyst |
$71,000 |
|
Senior Analyst |
$96,000 |
|
Manager |
$142,000 |
|
Director |
$243,000 |
g. Internal audit
|
Auditor/Senior Auditor |
$91,000 |
|
Manager/Senior Manager |
$152,000 |
|
Director |
$243,000 |
h. Risk/compliance
|
Manager/Senior Manager |
$142,000 |
|
Director |
$202,000 |
i. Tax
|
Analyst/Senior Analyst |
$91,000 |
|
Manager/Senior Manager |
$132,000 |
|
Tax Director |
$253,000 |
j. Treasury
|
Accountant/Analyst |
$81,000 |
|
Manager |
$152,000 |
|
Director |
$233,000 |
The demand of hiring people qualified for the financial services sector is rising due to the growth with digital banking. Just like any other finance job, you will need advanced degrees in business, math, economics, and statistics. As for the qualifications, you need to be able to use CA, CMFAS, CAMS and CAIA.
If you intend to have a long and prosperous career in this sector, you also need to provide a means of continuing professional development. It means you need to have the will to keep up-to-date with industry changes. By doing so, it also means that you are willing to go the extra mile in order to move your career in the right direction which is a positive quality to have if you want to grow in this sector.
Here's a list of annual salaries for jobs in the financial services sector in 2022.
a. Risk and compliance
|
Regulatory Compliance/Financial Crime Compliance – Analyst/Associate |
$72,000 |
|
Regulatory Compliance/Financial Crime Compliance – Manager/AVP |
$100,000 |
|
Regulatory Compliance/Financial Crime Compliance –VP/SVP |
$180,000 |
|
Regulatory Compliance/Financial Crime Compliance – Director/ED/MD |
$360,000 |
|
Credit Risk Analyst/Associate |
$65,000 |
|
Credit Risk Manager/AVP |
$110,000 |
|
Credit Risk VP/SVP |
$180,000 |
|
Credit Risk Director/ED/MD |
$300,000 |
|
Market Risk Analyst/Associate |
$60,000 |
|
Market Risk Manager/AVP |
$100,000 |
|
Market Risk VP/SVP |
$170,000 |
|
Market Risk Director/ED/MD |
$300,000 |
|
Operational Risk Analyst/Associate |
$70,000 |
|
Operational Risk Manager/AVP |
$105,000 |
|
Operational Risk VP/SVP |
$180,000 |
|
Operational Risk Director/Ed/Md |
$360,000 |
b. Finance and accounting/control
|
Financial Control Analyst/Associate |
$65,000 |
|
Financial Control Manager/AVP |
$96,000 |
|
Financial Control VP/SVP |
$180,000 |
|
Financial Control Director/ED/MD |
$300,000 |
|
Fund Accounting Analyst/Associate |
$72,000 |
|
Fund Accounting Manager/AVP |
$120,000 |
|
Fund Accounting VP/SVP |
$180,000 |
|
Fund Accounting Director/ED/MD |
$300,000 |
|
Internal Audit Analyst/ Associate |
$65,000 |
|
Internal Audit Manager/ AVP |
$110,000 |
|
Internal Audit VP/SVP |
$180,000 |
|
Internal Audit Director/ED/MD |
$300,000 |
|
Management Reporting Analyst/Associate |
$60,000 |
|
Management Reporting Manager/AVP |
$100,000 |
|
Management Reporting VP/SVP |
$160,000 |
|
Product Control Analyst/Associate |
$66,000 |
|
Product Control Manager/AVP |
$102,000 |
|
Product Control VP/SVP |
$160,000 |
|
Regulatory Reporting Analyst/Associate |
$66,000 |
|
Regulatory Reporting Manager/AVP |
$102,000 |
|
Regulatory Reporting VP/SVP |
$160,000 |
|
Tax Analyst/Associate |
$72,000 |
|
Tax Manager/AVP |
$120,000 |
|
Tax VP/SVP |
$180,000 |
|
Tax Director/ED/MD |
$300,000 |
|
Treasury Analyst/Associate |
$72,000 |
|
Treasury Manager/AVP |
$120,000 |
|
Treasury VP/SVP |
$180,000 |
|
Treasury Director/ED/MD |
$300,000 |
c. Operations
|
Corporate Actions Analyst/Associate |
$55,000 |
|
Corporate Actions Manager/AVP |
$85,000 |
|
Corporate Actions VP/SVP |
$130,000 |
|
Loans Administration/ Documentation Analyst/Associate |
$55,000 |
|
Loans Administration/ Documentation Manager/AVP |
$85,000 |
|
Loans Administration/ Documentation VP/SVP |
$130,000 |
|
Middle Office/Trade Support Analyst/Associate |
$60,000 |
|
Middle Office/Trade Support Manager/AVP |
$85,000 |
|
Middle Office/Trade Support VP/SVP |
$130,000 |
|
Middle Office/Trade Support Director/ED/MD |
$230,000 |
|
KYC/Client Onboarding Analyst/Associate |
$65,000 |
|
KYC/Client Onboarding Manager/AVP |
$96,000 |
|
KYC/Client Onboarding VP/SVP |
$130,000 |
|
KYC/Client Onboarding Director/ED/MD |
$230,000 |
|
Treasury Operations Analyst/Associate |
$55,000 |
|
Treasury Operations Manager/AVP |
$85,000 |
|
Treasury Operations VP/SVP |
$130,000 |
d. Front office
|
Investor Relations Analyst/Associate |
$80,000 |
|
Investor Relations Manager/AVP |
$120,000 |
|
Investor Relations VP/SVP |
$200,000 |
|
Investor Relations Director/ED/MD |
$360,000 |
If digital banking is rising, so does this sector. Information and technology is like the backbone of most of the digital industries. As a result, there’s high demand in hiring people qualified for this role that are ready to pay the employees highly.
Few jobs in information and technology that offer high salary are DevOps engineers, cyber-security consultants and infrastructure engineers. What else? Below is the list.
a. Financial services
|
Applications Architect, Financial Services |
$137,000 |
|
Business Analyst, Financial Services |
$111,000 |
|
Change Manager, Financial Services |
$152,000 |
|
CIO, Financial Services |
$304,000 |
|
CISO, Financial Services |
$304,000 |
|
CTO, Financial Services |
$304,000 |
|
Cloud Architect, Financial Services |
$152,000 |
|
Cloud Engineer, Financial Services |
$111,000 |
|
Cyber-Security Manager, Financial Services |
$152,000 |
|
Data Analyst, Financial Services |
$96,000 |
|
Data Architect, Financial Services |
$137,000 |
|
Data Engineer, Financial Services |
$111,000 |
|
Data Scientist, Financial Services |
$121,000 |
|
Database Administrator, Financial Services |
$132,000 |
|
Database Engineer, Financial Services |
$111,000 |
|
DevOps Engineer, Financial Services |
$121,000 |
|
Enterprise Architect, Financial Services |
$223,000 |
|
Helpdesk Support Analyst, Financial Services |
$76,000 |
|
Infrastructure Architect, Financial Services |
$137,000 |
|
IT Auditor, Financial Services |
$101,000 |
|
IT Auditor/IT Risk, Financial Services |
$121,000 |
|
IT Business Partner, Financial Services |
$142,000 |
|
IT Director, Financial Services |
$213,000 |
|
IT Manager, Financial Services |
$152,000 |
|
IT Risk & Governance, Financial Services |
$121,000 |
|
IT Security Analyst/Consultant, Financial Services |
$121,000 |
|
IT/Systems Engineer, Financial Services |
$99,000 |
|
Mobile Developer, Financial Services |
$121,500 |
|
Network Architect, Financial Services |
$137,000 |
|
Network Engineer, Financial Services |
$101,000 |
|
Network/Infrastructure Manager, Financial Services |
$111,000 |
|
PMO, Financial Services |
$121,000 |
|
Product Owner/Manager, Financial Services |
$152,000 |
|
Program Manager, Financial Services |
$253,000 |
|
Project Manager, Financial Services |
$152,000 |
|
SAP Consultant, Financial Services |
$111,000 |
|
Service Delivery Manager, Financial Services |
$132,000 |
|
Software Engineer, Financial Services |
$146,000 |
|
Solutions Architect, Financial Services |
$137,000 |
|
Scrum Master, Financial Services |
$116,000 |
|
Systems Administrator, Financial Services |
$91,000 |
|
Systems Analyst, Financial Services |
$85,000 |
b. Commerce and industry
|
Applications Architect, Commerce & Industry |
$137,000 |
|
Business Analyst, Commerce & Industry |
$109,000 |
|
CIO, Commerce & Industry |
$223,000 |
|
CISO, Commerce & Industry |
$304,000 |
|
CTO, Commerce & Industry |
$304,000 |
|
Cloud Architect, Commerce & Industry |
$137,000 |
|
Cloud Engineer, Commerce & Industry |
$111,000 |
|
Cyber-Security Manager, Commerce & Industry |
$152,000 |
|
Data Analyst, Commerce & Industry |
$96,000 |
|
Data Architect, Commerce & Industry |
$137,000 |
|
Data Engineer, Commerce & Industry |
$111,000 |
|
Data Scientist, Commerce & Industry |
$121,000 |
|
Database Administrator, Commerce & Industry |
$132,000 |
|
Database Engineer, Commerce & Industry |
$111,000 |
|
DevOps Engineer, Commerce & Industry |
$121,000 |
|
Enterprise Architect, Commerce & Industry |
$223,000 |
|
ERP Project/Delivery Manager, Commerce & Industry |
$121,000 |
|
Helpdesk Support Analyst, Commerce & Industry |
$76,000 |
|
Infrastructure Architect, Commerce & Industry |
$137,000 |
|
IT Audit/IT Risk, Commerce & Industry |
$121,000 |
|
IT Auditor, Commerce & Industry |
$101,000 |
|
IT Business Partner, Commerce & Industry |
$142,000 |
|
IT Director, Commerce & Industry |
$213,000 |
|
IT Manager, Commerce & Industry |
$152,000 |
|
IT Risk & Governance, Commerce & Industry |
$121,000 |
|
IT Security Analyst/Consultant, Commerce & Industry |
$121,000 |
|
IT/Systems Engineer, Commerce & Industry |
$99,000 |
|
Mobile Developer, Commerce & Industry |
$121,500 |
|
Network Architect, Commerce & Industry |
$137,000 |
|
Network Engineer, Commerce & Industry |
$91,000 |
|
Network/Infrastructure Manager, Commerce & Industry |
$111,000 |
|
Presales Consultant, Commerce & Industry |
$101,000 |
|
Product Owner/Manager, Commerce & Industry |
$152,000 |
|
Project Manager, Commerce & Industry |
$152,000 |
|
SAP Consultant, Commerce & Industry |
$111,000 |
|
Service Delivery Manager, Commerce & Industry |
$132,000 |
|
Software Engineer, Commerce & Industry |
$97,000 |
|
Solutions Architect, Commerce & Industry |
$137,000 |
|
Systems Administrator, Commerce & Industry |
$91,000 |
|
Systems Analyst, Commerce & Industry |
$85,000 |
|
Technical Sales Engineer, Commerce & Industry |
$96,000 |
Ever since COVID-19 outbreak, there’s no denying that every working healthcare facility demands to hire more employees in order to keep the flow right. In such situations, lack of employees can cause a downfall in the workplace, or worse, the whole country.
While the current situation is slightly better and more things are controllable, there seems to be worries that things can get tough anytime. This causes healthcare and life sciences to become a sector with high demand from both the employers and potential employees.
However, here is the salary list for 2022.
a. Commercial
|
Marketing |
$98,400 |
|
Sales |
$74,400 |
|
Business Development |
$147,600 |
|
Strategic Planning |
$110,400 |
b. Production and quality
|
Quality Assurance |
$98,400 |
|
Quality Control |
$98,400 |
|
Production |
$74,400 |
c. Clinical development
|
Clinical Operation |
$91,200 |
|
Clinical Research Physician/ Medical Affairs |
$123,600 |
|
Clinical Statistics |
$98,400 |
|
Regulatory affairs |
$98,400 |
d. Market access and corporate affairs
|
Market Access |
$98,400 |
|
HEOR |
$123,600 |
E-commerce and online marketing is big in this era. There seems to be no sign of this sector to slow down. The accessibilities also plays a big role in raising this sector. Since the more it’s accessible to a wide range of people, the higher the demand. As a result, the demand to hire people specialized in this job is also high.
The fact that conventional companies also join with the e-commerce ecosystem in order to survive. Through this sector, it can help them to expand their business efficiently as well.
However, among the jobs in demand include CRM Managers, Business Development Managers, Digital Marketing Specialists and Marketing Managers.
Below list salary for jobs in sales and marketing sector in 2022.
a. Marketing
|
Marketing Director |
$147,600 |
|
Marketing Manager |
$92,400 |
|
Digital Marketing Director |
$159,600 |
|
Content Marketing |
$68,400 |
b. SEO/SEM/social media/CRM
|
SEO/SEM/Social Media/ CRM specialist |
$92,400 |
|
Public Relations |
$82,800 |
|
Art Director/ Graphic Design |
$68,400 |
|
Ecommerce |
$87,600 |
c. Business development
|
Business Development Manager |
$87,600 |
|
Account Manager |
$92,400 |
|
Sales team lead |
$135,600 |
|
Channel Manager |
$92,400 |
|
Commercial Director (Sales & Marketing) |
$258,000 |
Finally, those are jobs in Singapore that pay well categorized by five sectors such as finance and accounting, financial services, information and technology, healthcare and life sciences, sales and marketing. The five sectors include jobs that pay the employees well due to in demand and ensure to give you a deserved salary.