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TOP 20 HIGHEST PAYING JOBS IN SINGAPORE

The Ultimate Guide to find Highesr Paying Jobs in Singapore. Find the Top 20
Highest Paying Jobs in Singapore and start applying today!
 * Valentin Berard
 * Job Search



With a per capita GDP of S$89,550, Singapore is among the most successful
countries in the world. The economic freedom score of Singapore is 89.4, making
it the world’s freest economy. The socio-political environment and the economy
are strong enough that it attracts job-seekers from all over the world.

The upper 10% of taxpayers in Singapore earn about S$274,600 per year making
jobs in this bracket some of the best paid jobs in Singapore. You do not have to
run a business to have a six-figure yearly income. You can work a job and still
earn this much in Singapore. If you decide to work here, you will find some of
the world’s highest paying jobs in Singapore.

Let us take a look at the average salaries of the highest paying industries in
Singapore.

 * The average monthly salary for someone with a C-Suite job is about S$61,790.
 * If you work in the field of Accounting and Finance, you can earn an average
   salary of S$37,070 per month in Singapore.
 * The average salary for a specialist medical practitioner in Singapore is
   about S$30,210, whereas the average salary for a general practitioner is
   about S$26,090 per month.
 * The average monthly salary for lawyers is about S$34,330.
 * Security or finance dealers earn about S$23,340 per month.
 * The average monthly salary for university lecturers is about S$21,970.
 * A foreign exchange dealer can earn up to S$28,830 monthly.

Now you might ask, “What is the #1 highest paid position?” Our answer to that is
any job with C-Suite roles will be at the top of the list of highest paying jobs
in Singapore




1. C-SUITE EXECUTIVES

The highest paying jobs in Singapore are c-suite roles, as they come with the
most responsibility. Chief Executive Officers, Chief Financial Officers, and
Chief Operating Officers have an annual income of S$350,000 to S$650,000 in
Singapore.

The salary varies from industry to industry, but the average annual salary stays
in six figures. Due to its strong economy, Singapore is home to many companies
with complex operations that are supervised by c-suite professionals, who in
turn earn big paychecks. C-suite roles are considered among the best paid jobs
in Singapore.


2. RESEARCH & DEVELOPMENT DIRECTOR

Industries like technology, healthcare, life sciences, and engineering are all
growing rapidly in Singapore. Research and development is a major part of these
industries and proper research can attract large investments.

So, if you are somebody who is working as a research and development director in
Singapore, you can bag an annual salary of S$260,000.


3. HR DIRECTOR

The field of human resources is growing and changing at the same time. It went
from a support service to a business partner as more and more companies realize
the importance of a good HR strategy for employee engagement.

Depending on the industry and company, HR Directors in Singapore make anywhere
between S$240,000 to S$310,000 per year.


4. GENERAL COUNSEL (IN-HOUSE LAWYER)

Every company needs a legal team for its legal matters. Some companies decide to
keep an in-house legal team.

Working as an in-house General Counsel Lawyer in Singapore, you can earn up to
S$350,000 per year.


5. HEAD OF IT

Everything these days is becoming automated and with this comes the need of
having a capable IT department in every industry.

IT professionals are in high demand these days and someone who works as the Head
of IT department can make up to S$360,000 per year in Singapore.




6. INVESTMENT BANKING DIRECTOR

There is a lot of cash in the field of investment banking and this is expressed
in wages across the industry. For someone working at the level of a director in
this field, salaries are more than enough.

You could make S$375,000 to S$450,000 per year in Singapore working as an
investment banking director.


7. HEAD OF SALES

People working in the sales industry have always commanded high pay at least for
those who are good at what they do. The sales department is directly related to
generating revenue, the wages are also good in this sector.

Someone working as head of sales can earn up to S$420,000. Even though the sales
department is undergoing huge changes as automation takes hold and everything
goes online, human skills will remain a key part of this industry.


8. HEAD OF COMPLIANCE

As we progress towards a globalized economy, this role gains more and more
importance in big firms and industries.

Somebody who has a vast knowledge of compliance rules about the neighboring
countries in the region could work as the head of compliance and earn up to
S$350,000.


9. DIGITAL TRANSFORMATION SPECIALIST

Technology is taking over the world and companies are realizing that they can no
longer put off the process of digital transformation if they are to compete with
anyone.

A digital transformation specialist can earn up to S$300,000 in Singapore, as
they can add a lot of value to the business.


10. REGIONAL MARKETING DIRECTOR

Marketing has a huge impact on the success and failure of a company or product.
Marketing strategies are the difference between a company staying in business or
going bankrupt.

If you have the proper qualifications and get to the position of a regional
marketing director in Singapore, you can earn up to S$250,000 yearly.




11. GENERAL MANAGER

The position of a general manager is significant, and it requires supervising
almost all the functions of a company or firm. The general manager acts as the
day-to-day director of an organization.

Working as a General Manager in Singapore you can make up to S$250,000-S$300,000
depending on the industry you are working in.


12. SPECIALIST MEDICAL PRACTITIONER

A specialist medical practitioner working in Singapore can make up to S$300,000-
S$350,000.

It is their knowledge, expertise, and qualifications that provide them with this
rewarding salary. Becoming a medical specialist is not at all easy. This
includes at least five years of medical school and one year of hospital
residency. As Singapore is renowned because of its advanced medical health care
infrastructure for providing some of the best hospitals in the world, it is no
wonder doctors are highly compensated.


13. GENERAL PRACTITIONER / PHYSICIAN

In recent years, Singapore has turned towards preventive and community treatment
to meet the requirements of a rapidly aging population. General practitioners
are the first line of defense and there has been an increased focus on training
good general practitioners in Singapore.

You can earn up to S$ 220,000-S$250,000 working as a general practitioner in
Singapore.


14. TRADE & SHIP BROKER

Shipbrokers work as middlemen and they facilitate those with cargo to find
transport and carry their goods. They also sell and buy ships for their clients.
Smart communication skills are required, as a lot of client interaction is seen
in the work. Due to the numerous time zones and fast turnaround time, this role
can also have long and erratic working hours.

Somebody working as a ship broker in Singapore can make up to S$200,000.


15. FOREIGN EXCHANGE DEALER

Singapore has a strong economy and plans on staying ahead in the economical
race. You will find at least 1 finance related role in the 5 best paid jobs in
Singapore. Singapore has an immense foreign currency reserve and is of great
value to Singapore’s national economy. The Singaporean dollar is also gaining
more and more recognition.

By working as a foreign exchange dealer, you can make up to S$180,000 in
Singapore.




16. UNIVERSITY LECTURER

The education sector of Singapore is also blooming and the main reason for that
is the hiring of highly capable staff. University lecturers are selected based
on their knowledge and experience.

Somebody working as a university lecturer in Singapore can make up to S$180,000
annually.


17. FINANCE DEALER / BROKER

The job of a finance dealer or broker is to buy and sell stocks on behalf of
their client.

Finance dealers / brokers in Singapore can expect to make anywhere between
S$120,000 per year.


18. TREASURY MANAGER

A Treasury manager is someone who is in charge of an organization’s financial
assets. They keep an eye on the corporate liquidity, finances, and risk
management of their company, ensuring that it stays financially solvent.

Someone working as a treasury manager can bag up to S$120,000 in Singapore.


19. FINANCIAL & INSURANCE SERVICES MANAGER

Financial managers are paid by banks or insurance firms. They allow executives
to make decisions about their finances. They must be rational, objective, and
have excellent communication skills. They must provide the pros and cons of
every decision an executive is going to make.

Their yearly salary is about S$110,000 in Singapore.


20. RISK ANALYST

Risk analysts track internal, external, and emerging risk factors related to the
various business segments of their organizations. Strong analytical skills,
research skills, and a keen eye for detail are required for this role.

You can make up to S$100,00 working as a risk analyst in Singapore.






TOP 5 HIGHEST PAYING INDUSTRIES IN SINGAPORE

Now let us discuss some of the highest paying industries in Singapore.


1. ACCOUNTING

Although it may seem dull to work with numbers, these experts cash out more
money than you even know. Accounting is one of the highest paying industries in
Singapore.

 * Somebody working as Chief Financial Officer can take home up to S$25,000 per
   month.
 * Finance Directors working in the field of accounting can earn up to S$20,000
   monthly.
 * Somebody working as a finance controller can earn up to S$18,000 as a monthly
   salary.

👉   Browse Accounting Jobs on GrabJobs


2. BANKING & FINANCE

The professionals in this field may not be the top earners in some countries,
but that is not the case in Singapore. And there is a reason for this: With many
businesses choosing to list in the country, Singapore has a robust liquid and
capital market.

 * Working as a Chief Financial Officer, you can make S$25,000 per month.
 * Finance directors in the banking sector can make up to S$20,000 monthly.
 * Regional directors regularly earn up to S$19,000 per month.

👉   Browse Banking & Finance Jobs on GrabJobs


3. INFORMATION TECHNOLOGY

The field of information technology is one of the highest paid industries in
Singapore. The world is racing towards automation. Countries are paying tech
professionals lucrative salaries to keep them working for themselves. The Tech
industry is booming in Singapore and tech experts working here are earning more
than you can imagine.

 * Chief Technology Officer can earn up to S$20,000 per month.
 * IT directors in Singapore earn S$15,000 monthly.
 * Working as an IT senior manager, you can earn up to S$13,000 in Singapore.

👉   Browse IT Jobs on GrabJobs


4. LEGAL

The regional role of Singapore as a major commercial and financial zone with a
strong rule of law fuels its goal of becoming a global negotiation hub. Lawyers
earn worth boasting salaries in Singapore.

 * A General Counsel can earn up to S$20,000.
 * Someone working as a legal counsel can earn up to S$16,000.

👉   Browse Legal Jobs on GrabJobs


5. SALES

The sales industry has the most important role in generating revenue. These jobs
are among the highest paying jobs in Singapore.

 * A General Manager in the sales industry can earn up to S$20,000 a month.
 * Business development directors in the field make S$15,000 monthly.
 * Business development managers can earn up to S$13,000 per month in Singapore.

👉   Browse Sales Jobs on GrabJobs






TOP 5 HIGHEST PAYING JOBS IN SINGAPORE FOR NEW GRADUATES

Let’s take a look at the highest paying jobs in Singapore for fresh graduates
that do not require decades of work experience.


1. COMPUTER & IT

The field of IT is at the top of the highest paying jobs in Singapore for fresh
graduates. An entry level computer and IT executive earned an average of S$4,425
per month in 2019, according to the latest JobStreet salary report, which is an
increase of 13 percent compared to 2018. The field of IT is the best to start
earning high for new graduates.

You need a bachelor’s degree in an IT related discipline and a strong command of
a computer language to find a job in this field.

👉   Browse IT Jobs on GrabJobs


2. HEALTHCARE

Healthcare workers are one of the top three highest paid entry level
specializations, with an average of S$4,125 per month, deserving of all credit
recognition, especially during these difficult times.

A Bachelor’s Degree in Nursing, a passion for helping others in need, and
impeccable organizational abilities are all you need to kickstart your career in
healthcare.

👉   Browse Healthcare Jobs on GrabJobs


3. ACCOUNTING & FINANCE

Accounting and finance positions continue to see an upward trend for recent
graduates, with a monthly average salary of S$4,090 in 2019, a 12 percent rise
compared to 2018.

In addition to getting a degree in Accountancy / Finance / Business, this sector
is for you if you have a great capacity to multitask and excel under pressure.

👉   Browse Accounting & Finance Jobs on GrabJobs


4. EDUCATION & TRAINING

Fresh graduates working in the field of Education and Training can expect
salaries up to S$3,430. As the Singaporean government plans to increase its
expenditure in the education sector, many golden opportunities are expected come
your way.

You will start earning in the field of education and training if you are
passionate about educating children and have outstanding interpersonal and
communication skills and have an early childhood education certificate. We know
that this is a lot to ask but if you are the perfect fit for this requirement
then you will be the one to lead the future generation to their goals and
dreams.

👉   Browse Education & Training Jobs on GrabJobs


5. ENGINEERING

Engineers are vital as they play important roles in many fields ranging from
technology to construction, and from biotechnology to industrial machinery.
Engineers usually are the leaders in innovating new technologies. New graduates
in the field of engineering can start their career with a lucrative pay of about
S$3,710 per month.

Apart from choosing an Engineering degree just based on its potential salary, if
you are highly organized and pay attention to details then this field is the
right one for you to explore.

👉   Browse Engineering Jobs on GrabJobs






WHAT DEGREE PAYS THE MOST?

We have gone through the highest paying jobs in Singapore for new graduates. Now
let us take a look at the table below to determine what degree pays the most.

DEGREE TYPE

POTENTIAL MONTHLY SALARY

Bachelor of Social Sciences

S$4,805

Bachelor of Dental Surgery

S$5,766

Bachelor of Engineering (Chemical Engineering)

S$5,080

Bachelor of Engineering (Civil Engineering)

S$4,085

Bachelor of Engineering (Electrical Engineering)

S$5,200

Bachelor of Laws

S$6,870

Bachelor of Science

S$4,150

Bachelor of Science (Pharmacy)

S$4,950

Bachelor of Business Administration

S$5,500

Bachelor of Computing (Computer Science)

S$6,870

Bachelor of Arts (Architecture)

S$5,630

Bachelor of Medicine and Bachelor of Surgery

S$6,315

Bachelor of Environmental Studies

S$4,530





CONCLUSION

The job market for new graduates is promising for people with the right mindset
and the right skills. As for the professionals looking to change industries, the
list provided in the article is filled with lots of potential options for high
earnings. It is never to late to make a change.

As for the professionals who already work in one of these sought-after
industries, after reading this article, you now know how valuable your skills
are in Singapore.






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VALENTIN BERARD

COO at GrabJobs. Valentin leads strategic and operational activities regionally.
Background in Business Development and Recruitment. Passionate about social
innovation, he constantly strives to find solutions to real-world problems
through harnessing smart technology. Read more:
https://www.linkedin.com/in/valeberard/



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