Top 20 Highest Paying Jobs in Singapore
Top 20 Highest Paying Jobs in Singapore - Job seekers in Singapore are often on the lookout for high-paying positions. After all, who wouldn't want to earn a salary that allows for a comfortable lifestyle? While there are many factors to consider when searching for a job, salary is often one of the most important.
With that in mind, we compiled a list of the 20 highest-paying jobs in Singapore. From bankers to lawyers, these are the positions that offer the highest salaries. So, if you're looking to make a good income, consider pursuing one of these jobs. Who knows, you might just end up landing your dream job.
Singapore is a small island country located in Southeast Asia. Despite its size, it is one of the world's wealthiest countries, with a per capita GDP of over $65,233. The country is also home to a number of large multinational corporations, making it an attractive destination for prospective employees. So what are the highest paying jobs in Singapore? Here are 20 of the best-paid positions:
1. C-Suite Executives
C-suite executives are some of the highest-paid professionals in Singapore. They are responsible for the overall operation of their respective companies and earn an average annual salary of SG$350,000 to $650,000.
As the head of a company, a Chief Executive Officer has many responsibilities. He or she needs to be the face of the business and make sure that it is running smoothly and efficiently. A CEO also needs to have a clear vision for the company and be able to articulate this to the team.
A Chief Operating Officer is responsible for the day-to-day operations of a company. He or she needs to make sure that all the different departments within the company are running smoothly and efficiently.
If you are looking for a challenging and rewarding career, then a c-suite role may be the right choice for you.
2. Head of Sales
It is a high paying job as the sales department is directly related to generating revenue. The responsibilities include managing and leading a team of salespeople, developing sales strategies, setting targets and goals, and ensuring that these are met.
The skills required for this role include excellent communication and interpersonal skills, strong negotiation skills, commercial awareness, and the ability to think strategically.
If you are good at what you do, you can earn up to SG$420,000 per year. If you have these skills and are looking for a challenging and rewarding role, then a career in sales could be for you.
3. In House Legal Counsel
As an in-house legal counsel in Singapore, you will be expected to have a wide range of responsibilities. This may include providing advice on corporate transactions, commercial agreements, regulatory compliance and other legal matters.
You will also be required to draft and negotiate contracts, as well as provide support on litigation matters. In addition, you will be expected to keep abreast of changes in the law and provide updates to the company on these changes.
The role of an in-house legal counsel is highly demanding and therefore, it is unsurprising that lawyers who take up this position are very well remunerated.
In Singapore, the median monthly salary for an in-house legal counsel is SG$14,167. This is significantly higher than the median monthly salary for all other occupations, which stands at SG$3,652.
4. Specialist Medical Practitioner
Medical specialists in Singapore are some of the highest-paid professionals in the country. This is due to the high demand for their services and the advanced medical infrastructure in the country.
As a specialist medical practitioner in Singapore, you can expect to earn a very competitive salary, with many doctors earning well over SG$300,000 per year.
The responsibilities of a specialist medical practitioner can vary depending on your area of specialization, but generally speaking, you will be responsible for diagnosing and treating patients with various medical conditions.
You will also be required to keep up to date with the latest developments in your field and to provide expert advice and guidance to other healthcare professionals.
They often work long hours and must be on call at all times in case of an emergency. However, their work is highly rewarding, both financially and emotionally.
5. Foreign Exchange Dealer
A foreign exchange dealer is responsible for the buying and selling of different currencies on the foreign exchange market. They work in banks or other financial institutions and are tasked with making sure that transactions are processed smoothly and accurately.
Foreign exchange dealers can make up to SG$180,000 per year in Singapore. This is because the role is highly specialized and requires a great deal of experience and knowledge in the field. Furthermore, foreign exchange dealers are also responsible for managing risk and ensuring that their clients are able to make profitable trades.
Overall, foreign exchange dealers play a vital role in the economy of Singapore and are compensated handsomely for their services. If you are considering a career in finance, then working as a foreign exchange dealer is an excellent option.
6. Investment Banking Director
Investment bankers in Singapore earn high salaries due to the scope of their work. They are responsible for providing financial and legal advice to clients, as well as managing the clients' investment portfolios.
The responsibilities of an investment banker can be divided into two main categories: front office and back office. The front office is responsible for generating revenue for the firm, while the back office provides support services such as compliance, human resources, and technology.
The salaries of investment bankers are based on their experience and expertise. In general, the more experienced investment bankers can make SG$375,000 to SG$450,000 per year in Singapore.
7. Chief Technology Officer
CTOs are paid very well in Singapore because they are in high demand. Companies are willing to pay top dollar to attract and retain the best talent. CTOs play a vital role in ensuring that the company remains competitive in the ever-changing world of technology.
As the head of the company's technology department, the CTO is responsible for all aspects of the company's technology infrastructure. This includes developing and implementing technology plans, overseeing the development of new products and services, and managing the day-to-day operations of the department. The median total compensation for a CTO in Singapore is over $20,000 per year.
8. Trade and Ship Broker
As a ship broker in Singapore, you will be responsible for finding transport and carrying goods for clients. You will also need to sell and buy ships for clients.
Good communication skills are essential for this job, as you will be dealing with clients regularly. Due to the different time zones and the need for quick turnaround times, you may have to work long and irregular hours.
Ship brokers in Singapore can earn up to SG$200,000 per year. This makes it a highly paid profession. However, it is also a demanding job with responsibilities that can include working long hours and dealing with clients from all over the world.
9. Chief Financial Officer
When it comes to high-paying jobs in Singapore, the role of chief financial officer (CFO) is often at the top of the list. After all, CFOs are responsible for the financial health of their organizations and play a key role in making sure that businesses are compliant with all relevant regulations.
But being a CFO is not just about crunching numbers – it requires strategic thinking and an understanding of the big picture. CFOs need to be able to see beyond the numbers and find creative solutions to financial challenges.
The CFOs role is important in ensuring that the company remains financially stable and compliant with all relevant regulations.
Working as a Chief Financial Officer, you can expect to earn a monthly salary of SG$25,000. This is a high salary compared to other professions, making this an attractive option for many people.
However, it is important to note that the responsibilities of a CFO are also very demanding, so you should only pursue this career if you are confident in your ability to handle the challenges involved.
10. Treasury Manager
As a treasury manager, you will be responsible for the financial well-being of your company. Your duties will include managing corporate liquidity, finances, and risk management.
This is a highly important role within any organization, and as such, treasury managers are often very well- compensated for their work. In Singapore, treasury managers can earn up to SG$120,000 per year.
The role of a treasury manager is both challenging and rewarding. If you are looking for a career in which you can make a real difference to your organization, then treasury management could be the perfect choice for you.
11. Human Resources Director
A Human Resources Director is responsible for the overall management of an organization's human resources department. They develop and implement HR strategies in line with the company's business objectives.
Apart from being responsible for the day-to-day operations of the HR department, they also play a strategic role in developing policies and programs that will attract, retain and engage employees. They work closely with senior managers to ensure that the company's human capital is aligned with its business goals.
HR Directors in Singapore are some of the highest-paid professionals in the country, due to the importance of their role in ensuring a company's success. The average salary of an HR director is anywhere between SG$240,000 to SG$310,000 per year.
12. Head of Compliance
The head of compliance is responsible for ensuring that a company or organization complies with all applicable laws and regulations. They develop and implement policies and procedures to ensure compliance with laws and regulations, and they monitor the organization's compliance with those policies and procedures.
The head of compliance also investigates potential violations of law or regulation, and they report their findings to senior management. The head of compliance is a highly paid position earns up to SG$350,000.
This position requires someone who has a deep understanding of the compliance rules in neighboring countries, as well as an ability to develop and implement policies and procedures to ensure compliance with those rules.
13. Regional Marketing Director
As a regional marketing director, you would be in charge of the marketing strategy for your company within your region. This would include creating and implementing campaigns, working with the sales team to ensure targets are met, and analytics to track progress and adjust strategies as needed.
Your responsibilities also include managing a budget and ensuring that ROI is achieved. The average salary for a regional marketing director in Singapore is SG$250,000 per year. This high salary is due to the importance of the role in ensuring the success of a company or product.
Marketing directors need to have a deep understanding of both marketing and business in order to be successful. They also need to be able to think creatively to come up with innovative solutions to problems.
14. General Manager
In Singapore, a General Manager is responsible for the day-to-day operations of a company. He or she needs to have excellent leadership and management skills to lead the team efficiently.
This job also requires good communication and interpersonal skills to deal with different stakeholders effectively. This is a high paying job ranging from SG$250,000 to SG$300,000 per year.
As a General Manager, you will need to have a strategic vision for the company and be able to make decisions that will benefit the company in the long run. You will also be responsible for setting goals and targets for the team, and ensuring that they are achieved.
15. University Lecturer
Choosing to work as a university lecturer in Singapore can be a very rewarding profession, both financially and in terms of job satisfaction. University lecturers are very highly paid in Singapore, with salaries typically ranging from SG$180,000 up to SG$250,000 per year.
As a university lecturer, you will be responsible for teaching students at a tertiary level, conducting research and publishing your findings, and contributing to the development of new courses and curricula.
The job satisfaction that comes with being a university lecturer is also extremely high, as you will have the opportunity to shape the minds of young people and help them prepare for their future careers.
If you are passionate about your subject matter and enjoy working with students, then working as a university lecturer in Singapore is certainly a career worth considering.
16. Risk Analyst
With the ever-changing landscape of business and technology, organizations are increasingly reliant on risk analysts to help identify potential risks and develop solutions to mitigate those risks.
As such, demand for qualified risk analysts is high, making it a highly paid profession in Singapore. If you have the skills and qualifications, a career as a risk analyst can be very rewarding.
You can make up to SG$100,00 working as a risk analyst in Singapore. The scope of responsibilities for a risk analyst can vary depending on the organization, but generally includes conducting research, analyzing data, developing risk mitigation strategies, and reporting findings to senior management.
17. Research and Development Director
Research and development directors play a vital role in the growth of industries like technology, life sciences, healthcare, and engineering in Singapore.
They are responsible for leading and managing research teams to develop new products, processes, or services. Additionally, they also identify new areas of research that could lead to investments from companies or funding organizations.
Due to the importance of their work, research and development directors are among the highest-paid professionals in Singapore. The average annual salary for this profession is SG$260,000. However, salaries can vary depending on factors such as experience, skillset, and industry.
18. Property Agent
Property agents are paid very well in Singapore because they play an important role in the property market. They help to ensure that transactions are smooth and efficient, and that buyers and sellers are able to find the best possible deal.
If you become a property agent, you can expect to earn a very good salary. The average base salary for this position is SG$104,482 per year. However, top earners can make much more than this. In addition to your salary, you may also be eligible for commissions and bonuses.
Becoming a property agent is a great way to earn a good income in Singapore. If you are interested in this career, you should contact a local real estate broker to learn more about the requirements and how to get started.
19. Head of Procurement
As the world progresses, the role of the head of procurement becomes more and more important. This is due to the fact that a company's efficiency depends on having the right supplies and services.
A large part of a procurement department's responsibility is to manage both costs and resources, as well as negotiate supplier contracts. In addition, they need to be up-to-date with best practices surrounding corporate social responsibility.
With all of these factors in play, it's no wonder that heads of procurement are in high demand and can command salaries ranging from SG$112,000 to SG$320,000 per year.
The role of the head of procurement is both complex and important. If you have the skills and qualifications needed for the job, it can be a very rewarding profession both financially and in terms of job satisfaction.
20. Supply Chain Operations Director
The scope of this profession is to ensure the smooth operation of the company's supply chain. This involves coordinating all aspects of the supply chain, from sourcing to delivery and disposal.
In addition, they must evaluate supply chain strategies, recommend improvements, develop business relationships, and train staff members.
As a result, this profession is highly paid in Singapore due to the high level of responsibility involved. Supply chain operations directors in Singapore earn an average base salary of SG$5,247 per month.
Moreover, those in this profession often possess strong problem-solving and leadership skills, which are essential in overseeing the smooth running of supply chain operations.
According to the most recent report, the top 10% of households in Singapore earn an average of $13,400 per month. This is a significant increase from the $12,386 average monthly household income reported in 2019. While the average household income fell by 1.2% in 2020, the top 10% saw a significant increase.
This is likely due to the fact that high-income earners were less affected by the economic downturn than low-income earners. As a result, they were able to maintain their standard of living while many others saw their incomes decrease. The top 10% play an important role in the economy and their continued success is essential for the overall health of Singapore.
There is no easy answer when it comes to choosing the best job for the future in Singapore. The city is constantly changing, and new industries are always emerging. However, there are a few jobs that tend to be in demand regardless of the economic climate.
For example, jobs in healthcare, technology, and finance are always in demand. Additionally, any job that requires a high level of skill and training is likely to be in demand in the future.
Therefore, it is important to choose a job that you are passionate about and that will challenge you. With a little research, you can find a job that is both fulfilling and has good long-term prospects.
In conclusion, the demand for high-paying jobs in Singapore is expected to continue to grow in the coming years. While there are many different factors that contribute to salaries, the skills, and experience of the individual are still the most important determinant of earnings.
As such, individuals who are looking to maximize their earnings potential should focus on developing their skillset and gaining relevant work experience. With a strong foundation in place, they will be well-positioned to take advantage of high-paying job opportunities as they arise.Read More Articles - Motivational First Day at Work Quotes - Best Companies to Work in Singapore - Minimum Age For Working in Singapore - Work From Home Quotes - Undestanding Working Hours in Singapore - How To Write Resignation Letter - Most in Demand Jobs in Singapore
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