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For the past four years, LinkedIn, now owned by Microsoft, has used its vast trove of data to produce meaningful labour market research and publish its findings annually.

In this ranking, the company presents a list of 15 large companies offering the best career growth opportunities in Singapore, following a fairly strict methodology, based on eight pillars that it has identified as leading to career progression:

  1. Ability to advance – tracking employee promotions within a company.
  2. Skills growth – skills that employees gain during their time in the company.
  3. Company stability – a blend of attrition rates (companies which shed more than 10 per cent of the workforce in a given year are automatically disqualified) and employee retention of 3 years or more.
  4. External opportunity – tracking recruiter outreach to employees from the ranked companies.
  5. Company affinity – how closely workers bond with each other and how supportive the business is of its teams.
  6. Gender diversity – gender parity in the company and its subsidiaries.
  7. Educational background – looking at the variety of educational attainment among its employees, signalling openness to hiring people with diverse backgrounds.
  8. Employee presence in the country – the number of employees in the country relative to competing businesses.

In addition, the companies must have employed at least 500 people in Singapore as of Dec. 31, 2023.

All staffing companies, educational institutions and government are excluded from the ranking, as are both LinkedIn and its parent, Microsoft, to avoid accusations of bias.

Top Companies for 2024 according to LinkedIn

RankCompanyIndustryDetails
1DBSBankingMost notable skills: Commercial Banking, Criminal Law, Intellectual Property
Most common job titles: Business Development Officer, Wealth Manager, Software Engineer
Largest job functions: Finance, Engineering, Business Development
2Schneider ElectricAutomation Machinery ManufacturingMost notable skills: Power Systems, Electronic Control Systems, Utilities, Instrumentation
Most common job titles: Account Manager, Project Manager
Largest job functions: Engineering, Sales, Operations
3Standard CharteredBankingMost notable skills: Commercial Banking, Capital Markets, Software Development Life Cycle (SDLC)
Most common job titles: Business Analyst, Business Development Officer, Product Team Manager
Largest job functions: Finance, Business Development, Information Technology
4American ExpressFinancial ServicesMost notable skills: Travel Management, Commercial Banking, Sales Leads
Most common job titles: Relationship Manager, Data Science Manager, Director
Largest job functions: Sales, Business Development, Finance
5OCBC BankBankingMost notable skills: Commercial Banking, Insurance, Investment Banking
Most common job titles: Business Development Officer, Financial Advisor, Financial Planner
Largest job functions: Finance, Business Development, Sales
* Remote job availability: 19.64% Hybrid
6SinglifeInsuranceMost notable skills: Insurance, FinTech
Most common job titles: Relationship Consultant, Application Developer, Claims Specialist
Largest job functions: Business Development, Information Technology, Operations and Claims
7Procter & GambleManufacturingMost notable skills: Inorganic Chemistry, Cosmetology, Retail Packaging
Most common job titles: Brand Manager, Director of Business Development, Brand Director
Largest job functions: Operations, Research, Marketing
8BDMedical Equipment ManufacturingMost notable skills: Biomedical Engineering, Pharmaceutical Manufacturing, Product Testing
Most common job titles: Manufacturing Engineer, Technical Support Specialist
Largest job functions: Operations, Engineering, Information Technology
9AbbottHospitals and Health CareMost notable skills: Biomedical Engineering, Pharmaceutics, Product Testing
Most common job titles: Assistant, Salesperson, Marketing Manager
Largest job functions: Operations, Sales, Marketing
10MastercardIT Services and IT ConsultingMost notable skills: Growth Strategies,  Competitive Strategies, Management Accounting
Most common job titles: Product Manager
Largest job functions: Business Development, Product Management, Sales
* Remote job availability: 98.36% Hybrid
11TakedaPharmaceutical ManufacturingMost notable skills: Oncology, Pharmaceutics, Medicine
Most common job titles: Biotechnologist, Manufacturing Supervisor, Process Engineer
Largest job functions: Research, Operations, Quality Assurance
12RocheBiotechnology ResearchMost notable skills: Pathology, Physiology, Genetic Engineering
Most common job titles: Quality Assurance Specialist
Largest job functions: Research, Operations, Quality Assurance
13S&P GlobalFinancial ServicesMost notable skills: Journalism, Competitive Strategies, Capital Markets
Most common job titles: Editor
Largest job functions: Business Development, Media and Communication, Sales
14Alphabet Inc.TechnologyMost notable skills: Competitive Strategies, Partner Development, Politics
Most common job titles: Software Engineer, Program Manager, Account Manager
Largest job functions: Business Development, Engineering, Marketing
* Remote job availability: 70.37% Remote
15HSBCBankingMost notable skills: Commercial Banking, Investment Banking, Capital Markets
Most common job titles: Client Manager, Business Development Officer, Financial Planner
Largest job functions: Finance, Sales, Business Development
* Remote job availability: 31.48% Hybrid

Financial hub

As you can see, despite Singapore attracting innovative tech companies, the ranking remains dominated by the old guard from the financial sector.

It doesn’t seem that it is likely to change anytime soon since every major business needs money to operate, so it’s only natural for a business hub to become a financial one as well.

The process is only accelerated by Hong Kong’s slow demise following the rather abrupt end to the liberties it enjoyed not so long ago. Intensifying competition between China and the West, prompting forecasts of inevitable decoupling and diversification, will draw billions of dollars away from the PRC and HK, with Singapore in a prime position to benefit from it.

But beyond finance, excellent employers are found in several branches of science and technology—healthcare, pharmaceuticals, machinery, biotech, or IT.

If you happen to be graduating in a STEM field you shouldn’t be starved of career opportunities — as well as future prospects in any of the listed companies.

Even though the job market is changing quickly, it is still possible to have a long, successful career in one place. According to LinkedIn’s data, these companies appear to stand out in 2024.

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