Think accounting is only for boring people? Just remember that those drab-looking accountant OLs who visit your office once a year are probably earning more than you.
Chief Financial Officer: $20,000 to $25,000
Finance Director: $15,000 to $20,000
Finance Controller: $8,500 to $15,000
Senior Manager/Manager (Treasury): $8,000 to $14,000
Banking & Finance
Obviously, banking is a high paying industry in Singapore, as it is everywhere else. Why else do you think the CBD has so many overpriced gyms and eateries?
Chief Financial Officer: $15,000 to $25,000
Finance Director: $15,000 to $20,000
Regional Director (Ops): $14,000 to $19,000
Head of Compliance: $12,000 to $18,000
Vice President (Risk): $12,000 to $16,000
Senior Manager/Manager (Risk): $5,000 to $13,200
Vice President (Trading): $11,000 to $13,000
Manager/Assistant Manager (Ops): $8,000 to $13,000
Senior Manager/Manager (Trading): $5,000 to $12,000
Engineering & Construction
Unfortunately for NTU EEE grads who were told that engineering is a good field to work in, the salaries of engineers in Singapore are pathetically low. In fact, a construction project manager can earn way more than a senior engineer.
Project Manager (Construction): $7,000 to $12,000
Deputy Manager, Commercial (Real Estate/Property Developer): $5,200 to $13,000
It turns out that human resources is a pretty high-paying profession. Who knew that handling other people’s payroll paid so much?
Regional HR Director: $10,000 to $18,000
HR Director/Assistant Director: $8,500 to $15,000
Senior Employee Relations Consultant: $7,000 to $12,000
HR Business Partner: $7,000 to $12,000
We’ve heard enough horror stories of Singaporeans whose minds and bodies were broken by the legal profession, and yet the prospect of earning $27,000 a month (someday!) is enough to lure countless youngsters into the gaping maws of law school. Just remember that your working hours are probably double that of a normal person’s.
Senior Legal Counsel/Legal Counsel: $10,000 to $27,000
Apart from free breakfast cereal and a dress code of hoodies and jeans, the other great perk of working in tech is the pay. It’s second only to banking & finance in the number of high paying jobs available.
Chief Technology Officer: $13,000 to $21,000
IT Director: $12,000 to $15,000
IT Pre-sales/ Sales Manager: $7,000 to $15,000
IT Senior Manager: $10,000 to $12,000
IT Security Manager: $9,000 to $12,000
Project Manager: $8,100 to $12,000
Fintech Strategist: $7,100 to $12,000
Senior App Developer/App Developer: $6,500 to $12,000
App Architect: $8,000 to $11,000
No one ever tells their children to study hard so that they can become a marketer when they grow up, but marketing is actually a relatively high-paying field in Singapore. Specialising in digital marketing is a big plus.
Regional Marketing Director: $13,000 to $18,000
Director of Corporate Communications: $11,000 to $15,000
Creative Director: $10,000 to $12,000
Regional Marketing Manager: $8,000 to $12,000
Senior Marketing Manager: $8,000 to $12,000
Digital Marketing Manager: $6,000 to $11,000
You know that section in the Straits Times’ Sunday edition where they feature some wealthy person who’s made in big in life and now owns 3 houses and 5 cars? It’s always inevitably a property or insurance agent. So it’s no surprise that some of the highest paying jobs in Singapore are found in sales.
General Manager/Head of Sales/Business Development Head: $15,000 to $20,000
Regional Sales/Business Development Director: $12,000 to $20,000
Sales/Business Development Director: $10,000 to $18,000
5 highest paying early career jobs (~5 years experience)
Salaries in Singapore are often commensurate with the numbers of years of experience you have – but it’s not always the case. In some industries, you needn’t wait till you’re 50 to get a high salary. The following jobs are ones where you have a chance of earning more with less working experience. (For this table, we’re looking only at the lower end of the average monthly salary.)
Law — Senior Legal Counsel/Legal Counsel: $10,000 to $27,000
Marketing — Creative Director: $10,000 to $12,000
Accounting — Senior Manager/Manager (Treasury): $8,000 to $14,000
Tech — IT Pre-sales/Sales Manager: $7,000 to $15,000
Tech — Fintech Strategist: $7,100 to $12,000
5 highest paying jobs for diploma holders
As you’d expect in qualifications-obsessed Singapore, most of the highest paying jobs here are for degree holders. However, there are a few jobs in which diploma holders might get paid better.
Marketing — Senior Marketing Manager: $8,000 to $12,000
Tech — IT Pre-Sales/Sales Manager: $7,000 to $15,000
Construction — Project Manager: $7,000 to $12,000
Engineering — Technical Services Manager: $6,500 to $9,500
Healthcare — Sales Manager (Pharmaceutical/Medical Devices): $5,500 to $8,000
(A version of this article first appeared on MoneySmart.Sg, Singapore’s leading personal finance portal that helps you to maximize your money.)