Ultimate Salary Guide For S’poreans in 2017: Are You Getting the Average Pay?

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About Singapore Salaries (as of the year 2017)

  • The average salary in Singapore is $4,056 per month. This adds up to $48,672 per annum, inclusive of employer’s CPF contribution.
  • The latest result indicates that Singaporeans work an average of 45.2 paid hours per week.
  • Singapore’s nominal wage increases by 4.5% from the year 2011 to 2016.
  • The top few paying industries are accounting, banking & finance, healthcare & life sciences and information technology.

Key Takeaway:

Before we move on to a list of occupations and their monthly salary, here are how this information can be helpful to you:

  • For those looking to further their studies, the below information can help one better decide if the cost of a higher study is worth it.
  • The salary range can help one manage his expectation when he goes for his job interview.
  • Knowing some of the specific jobs in the industry and how they pay can help one work towards his dream job better.

Read more: Median wage according to industriesAccounting

  • Accountancy professionals to increase by 15% to 21,000 by the year 2020
  • 60% of graduates join a Big Four accounting firm
  • The most popular accounting qualifications for finance professionals in Singapore is the Association of Chartered Certified Accountants (ACCA). This is followed by CPA and CA Singapore.
  • The monthly wage range for accounting industry:

Banking & Finance

  • Banking & financial services industry has seen major disruption from the Financial Technology (FinTech) sector which gives it a negative outlook.
  • Projected salary growth for banking & finance sector is at 3%
  • The monthly wage range for banking & finance industry:

Engineering

  • Manufacturing is a key pillar of Singapore’s economy.
  • Manufacturing sector’s contribution to Singapore’s GDP has been growing steadily.
  • The monthly wage range for engineering industry:

Healthcare & Life Sciences

  • Ministry of Health to expand and improve existing polyclinics and family medicine clinics. There are also plans to increase the number of hospitals, nursing homes and senior care centres.
  • 30,000 healthcare workers will be needed in the year 2020.
  • The monthly wage range for Healthcare & Life Sciences industry:

Information Technology

  • Steady hiring outlook for the Information Technology Industry
  • Singapore to expect about 15,000 jobs to be created, mainly focusing on development, network and infrastructure, cybersecurity and data analytics.
  • The monthly wage range for Information Technology industry:

Supply Chain & Logistics

  • 20 of the top 25 global logistics companies operate in Singapore
  • Singapore’s major Supply Chain and Logistics sectors include Aerospace, Chemicals, Electronics, Healthcare and Cold Chain Logistics
  • The monthly wage range for Information Technology industry:


Take Action now!

Thankfully when you live in Singapore, you can start looking for your next opportunity to improve yourself today. For both the salary or and the scope of work.

Here are some of the platforms which we recommend:

  • 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 jobsite in Singapore
  • Glassdoor: To read reviews from previous employees on the current job role and company

Sources: Kelly Services and Adecco

Since you’re here, why not watch a video about a guy who lodged a Police report here in Singapore because he was friendzoned? Seriously. Here, watch it and do remember to share it (and also subscribe to Goody Feed YouTube channel)!

Featured Image: Olena Hromova / Shutterstock.com