Top Paid Jobs in Singapore 2023

Top Paid Jobs in Singapore 2023 - Most people agree that salary is the most important factor to consider in applying for a job. People want high income, they would most likely and happily accept higher income offers as well. Most people also assume that stable income can guarantee financial security. What does the combination of high and stable income mean? Perfection.

To achieve financial security is the main goal here. People would want to choose a career where they can work for a long term in order to have a stable income. Having stable income is one if not most of the ways to achieve financial security. It is everyone’s dream life, to at least survive this life well and that’s reality.

Singapore is known as a competitive country. The thing is that Singaporeans are also competitive on an individual level. Most Singaporeans think the same about wanting a long-term career that also pays them well. It means that if you want to have a stable career with promising salary in Singapore, you will have to join the competition.

Generally, stable income can be achieved through determination, perseverance, and the will to develop their skills through the time. That is like the qualities you need to embody in order to succeed in pursuing a career. But there’s a way to figure out how to make it happen, top paid jobs in Singapore.

This article will provide you information about Singapore’s top paid jobs in 2022 according to Money Smart. The list is categorized by sectors and further with requirements information and benefits the employees usually receive other than basic salary.

1. Accounting

Accounting and money are inseparable. People whose career is dealing with money on a daily basis usually are trusted people. With time and experience, they will not only offer skills including accounting, leadership, problem-solving, team building and communication skills. They also offer credibility and integrity that can only be proven with time and this is a valuable long-term career.

This sector is among other sectors needed in most industries and making the demand to hire people for this role high. The benchmark can be quite various but it is possible to start your career in small business then step up anytime due to high demand nature of this role.

Other than basic income, you receive benefits that can give you extra benefits such as health security. The benefits companies give to this role is also decent. Accounting roles receive basic benefits such as pensions, healthcare, holiday, and many more.

The common qualification is to get a four year degree course in Accounting or related major. You also need to acquire skills in CA/CPA/ACCA, CFA or MBA. Then you need to have knowledge of AI and BI tools such as Tableau, SQL, Power BI, Oracle, ACL and Qlik Sense. Lastly, acquiring specific skills and certification in accounting can lead you to have better opportunities.

Below is the salary list of the accounting sector.

CFO / VP Finance : $250,000
Finance Director: $180,000
Internal Audit Director

$160,000

Tax Director

$160,000

Treasury Director / Treasurer

$160,000

Financial Controller

$150,000

Financial Planning and Analysis Director / Business Controller

$140,000

Corporate Finance Manager / Director

$120,000

Financial Planning and Analysis Manager

$100,000

2. Banking and finance

Banking and finance sector is widely known for giving the employees generous salaries even for entry-level positions. Developing a career in this sector can definitely give you financial security. The benefits you receive from this job is equal to your responsibilities and contributions.

Many banks offer job opportunities for fresh graduates and for all majors. Since everyone from any background major is welcomed, it can raise the competitiveness between potential employees. But once you get hired, you can focus better in developing your skills instead of worrying about getting hired for this role.

While this role welcomes all majors, certain majors are preferred. If you major in Economics, Business, Management or other similar majors, you have a better chance to get hired and work for a strategic position. The benefits are also likely to be greater.

The benefits of working in the banking and finance sector are abundant. Foremost, basic income is already higher compared to other industries. Working in a bank can give you transferable skills and capabilities. It means if you decide to switch careers, you can join any other organization related to finance such as financial analyst, advisor and business analyst.

Below is the salary list of the banking and finance sector.

Managing Director (Investment Banking)

$500,000

Managing Director (Private Equity)

$500,000

Director (Investment Banking)

$400,000

Management Director (Private Banking)

$400,000

Director (Private Equity)

$350,000

Executive Director (Private Banking)

$280,000

VP (Investment Banking)

$275,000

VP (Private Equity)

$275,000

Associate (Investment Banking)

$180,000

VP / Director (Private Banking)

$180,000

Associate (Private Equity)

$150,000

COO / Head of Operations

$120,000

Analyst (Investment Banking)

$120,000

AVP / Associate Director (Private Banking)

$120,000

3. Human resources

Here is another vital sector and needed in all industries. One of the most strategic steps to start this career is by pursuing a bachelor degree in Human Resource Management major or any other related field. Human resources can be considered as one of the promising careers which is possible for you to work in this field as long as you wish, grow and develop your skills, in order to receive stable income.

That’s not the only advantage of working in this role. Your decision in employment will be vital for the sake of the company. Poor decisions in managing the employees can cause catastrophe in the company affairs and of course nobody wants that. Since you’re dealing with employees and the potential ones, you have the chance to change lives which is a huge honor for human resources roles.

Below is the salary list of the human resources sector.

HR Director / Head of HR

$160,000

Head of C&B

$150,000

Head of L&D

$132,000

HR Business Partner

$120,000

C&B Manager

$120,000

HR Associate Director

$108,000

Head of Talent Acquisition

$100,000

4. Information and technology

Working age in this era know very well how important the information and technology sector is and also put this sector as a promising career in the long term. Companies are definitely ready to give high salaries for strategic roles related to this sector. If this interests you already, you will need to pursue degrees in majors related to information and technology.

Other than basic income and usual benefits, you may have the pride for being part of a big evolution in technology. Your work focuses on building innovation and exploring new ways of doing daily tasks.

Currently, the growth of this sector is flourishing. Companies also tend to prefer you if you have specific skills that others don’t have but somehow you have them. In fact, there are various skills needed in a company. The in demand skills can lead you to have a better salary.

So below is the salary list information and technology sector. If you aim to get a job that pays you well, pay attention to the nominal of the salary because that’s what you want and deserve to receive.

a. Cyber security, governance and audit in IT

Cyber Presales (Figures inclusive of OTE)

$100,000-$250,000

Technology Risk & Governance

$100,000-$160,000

IT Audit

$100,000-$160,000

IT Security

$100,000-$160,000

Security Project / Program Manager

$100,000-$160,000

Cyber Security Operation

$90,000-$120,000

Cyber Security Engineering

$90,000-$120,000

Cyber Threat Intelligence

$90,000-$120,000

Cyber Security Analytics

$90,000-$120,000

DevSecOps

$90,000-$150,000

b. Sales, pre-sales fintech and telecommunications

Solution Architect / Pre Sales (Figures inclusive of OTE)

$150,000-$250,000

Business Development (Figures inclusive of OTE)

$120,000-$250,000

PreSales (Fintech) (Figures inclusive of OTE)

$150,000-$180,000

Inside Sales (Figures inclusive of OTE)

$120,000-$180,000

Channel Sales (Figures inclusive of OTE)

$120,000-$180,000

Direct Sales (Figures inclusive of OTE)

$100,000-$250,000

Account Management (Figures inclusive of OTE)

$90,000-$200,000

c. Infrastructure in technology, telecommunications and fintech

Cloud

$80,000-$130,000

DevOps

$80,000-$130,000

Network (Data/Voice/Firewall)

$80,000-$120,000

Project Management

$80,000-$120,000

Servers (Unix/Linus/Wintel)

$80,000-$120,000

Storage

$80,000-$120,000

Data Centre

$80,000-$100,000

Database

$80,000-$100,000

End-User Computing (Desktop/Messaging/Collaboration)

$80,000-$100,000

d. Infrastructure in banking and financial services

End-User computing (Desktop/Messaging/Collaboration)

$80,000-$120,000

Network (Data/Voice/Firewall)

$80,000-$120,000

Storage

$80,000-$120,000

Database

$80,000-$120,000

Middleware

$80,000-$120,000

Servers (Unix/Linux/Wintel)

$80,000-$120,000

Data Centre

$80,000-$120,000

Cloud Engineer/Architect

$100,000-$120,000

Infrastructure Project Management

$100,000-$120,000

Technical Infrastructure Architecture

$100,000-$120,000

DevOps

$80,000-$130,000

ITIL Process Owner (Incident/Problem/Change/etc)

$80,000-$100,000

e. Application support in banking and financial services

Trader Support (FO) (Application)

$75,000-$100,000

Head of Application Support (FO)

$75,000-$100,000

Level 3 Technical Support

$70,000-$100,000

5. Marketing

Singapore is the country where all kinds of business and industries are available. Marketing is one of the main sectors needed in industries. This sector is the face of the company. The main purpose is to coordinate and produce all materials representing the business. You can pursue a career in the marketing sector and sure can give you a strategic path if you have bachelor degree in Marketing, Business, Economy, or any other related majors.

Marketing sector can guarantee you high pay and stable income because of how important the role of this sector is for the company. If you are a driven person that welcomes challenges positively, you should consider this career as well. The reason is because you will have to deal with the changing work environment and era through the time. It includes your ability to adapt with the increased use of technology for research and customer interaction service such as social media.

Below is a list of the salaries for the marketing sector.

Vice-President/President/CxO (Technology)

$300,000

Marketing Director/Senior Director (Pharmaceutical & Medical Devices)

$220,000

Marketing Director / Senior Director (Consumer Goods)

$200,000

Regional Head of Marketing/Director/Executive Director (Banking & Financial Services)

$180,000

Associate Director/Director (Technology)

$180,000

E-Commerce VP/Director (Digital Marketing)

$180,000

Digital Marketing Director (Digital Marketing)

$160,000

Associate Marketing Director (Consumer Goods)

$160,000

Associate Marketing Director (Pharmaceutical & Medical Devices)

$160,000

Head of Marketing/VP/SVP (Banking & Financial Services)

$120,000

Head of Marketing/Communications (Technology)

$120,000

SEO Director/Lead (Digital Marketing)

$120,000

Head of Content/Director (Digital Marketing)

$120,000

Marketing Manager (Consumer Goods)

$120,000

Trade Marketing Director (Consumer Goods)

$120,000

6. Supply chain and procurement

This sector is not visible to most people but their role is as significant as the sector in information and technology. Quite similarly, you can apply for jobs in this sector if you have at least bachelor degree in Finance, Business, Engineering, Supply Chain Management, and many others.

As a top regional hub for global players, Singapore is the right location for major logistic firms such as DHL and Schenker. It also means that academic organizations in Singapore that provide degrees and courses for the supply chain sector are credible and give the students the best education.

Since this job is not that visible for most people, the competition to grab this job is rather lesser compared to other sectors. Speaking about probability, anyone has a better chance if they focus on aiming for this job.

Below is a list of the salary for supplying the chain sector.

Procurement/Purchasing Director

$120,000

Supply Chain Director

$120,000

7. Sales

Only people who welcome challenges positively have high interest working in this sector. The job itself is challenging but not really with the chance of competing with other people compared to other sectors. Most people tend to shrink as soon as they hear 'sales' to many people, this job is intimidating.

The other benefit you’ll receive if you work in this sector is bonus. When your day is good, the bonus can be higher than your salary. It can happen. Now that you might be interested in this role, you can start with pursuing a bachelor degree in Business, Marketing or Communication.

Below is a list of the salary for the sales sector.

Director/Managing Director

$200,000

Account Director (Regional/Global)

$200,000

Head of Strategic Partnerships

$150,000

Category Director

$150,000

Country General Manager/Commercial Director

$140,000

Head of Sales/Business Development Director

$140,000

Business Manager/Business Unit Head

$120,000

Business Development Manager

$100,000

National Sales Manager

$100,000

8. Business management

Singapore has various types of industries and it varies from small to enormous business scale. You definitely can start low and climb the stairs through time as you gain more experience and achievement. You can pursue this career with a bachelor degree in Administration, Accounting, Finance or Marketing. If you have certification such as a CPA license, the company might consider hiring you better.

To work and secure working in business management, you really have to hustle hard. Not only is the competition nature high, but you will need many skills and certificates to prove that you’re actually skilled for the role. Those factors will help you to secure this job better.

Programme Manager

$150,000

Business Transformation

$150,000

Agile Coach

$120,000

Lean Six Sigma/Operational Excellence Expert

$120,000

Business Process Improvement Manager

$120,000

Senior Business Analyst

$100,000

Process Analyst

$100,000

Digital Project Management

$100,000

Change Manager

$100,000

The eight sectors mentioned above are Singapore’s top paid jobs in 2022. One of the main reasons those jobs deserve a high salary is because of how important and vital their role for the company. Thus companies are willing and more than ready to give high salary and other benefits.

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