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Disclaimer: Unless otherwise stated any opinions belong to the author.

British recruitment corporation, Michael Page, has released its annual salary guide for 2024, this time with even more detailed methodology comprising 280,000 data points from its own sources.

In total, the company has listed over 500 roles across 15 different professions, with their respective, average salaries—from the receptionist to the CEO—providing a comprehensive review of the employment situation in Singapore as of this year.

Disclaimer from Michael Page: “The data presented in this guide pertains to the full year of 2023 and specifically focuses on roles based in Singapore, incorporating salary projections for 2024. The limitations of this survey should be acknowledged. As we primarily utilise our own data, the reported salaries may be more reflective of our clientele than the broader market.”

Executive roles

We won’t be covering top executive roles in detail here, since they all fall in the same brackets across all industries, which start around S$200,000 per year for lower directorial and C-Level roles, up to around S$400,000 for CEOs and Presidents.

Besides that, if you’re in contention for the top positions in business, you’re probably not reading this right now anyway.

Our focus is on all the roles that most Singaporeans could aspire to which cross the attractive, round level of S$10,000 in monthly pay—or about 2x the national median.

For all other jobs, which fall below or considerably above (i.e. executive) this figure, you may head over to read the full Michael Page report, which is free to download.

So, how much can you make if you’re not a company head, director, or a C-Level officer? Let’s take a look below, starting with one of the larger category of jobs: finance, accounting and banking.

Accounting & Finance

RoleAverage Base Monthly Salary
Finance ManagerS$10,000
Finance Transformation ManagerS$10,000
Group Finance ManagerS$10,000
Enterprise Risk Management / Risk and Compliance ManagerS$10,000
Internal Audit ManagerS$10,000
Internal Control ManagerS$10,000
Corporate Finance ManagerS$10,000
Financial Planning & Analysis (FP&A) ManagerS$10,000
Transfer Pricing ManagerS$10,000
Treasury ManagerS$10,833
Finance Business PartnerS$10,833
M&A ManagerS$10,833
Tax ManagerS$10,833
Plant ControllerS$12,500
Project ControllerS$12,500
Business ControllerS$13,750
Financial ControllerS$15,000

Banking & Financial Services

RoleAverage Base Monthly Salary
Private Equity AnalystS$10,000
Back Office ManagerS$10,000
Middle Office AdministratorS$10,667
Claims ManagerS$10,750
UnderwriterS$11,083
Fund AdministratorS$11,250
Banking Project ManagerS$11,667
Investigations ManagerS$11,917
Consolidations LeadS$12,250
Credit AnalystS$12,500
Equity Sales AssociateS$12,500
Investment Banking Mergers & Acquisitions (M&A)
Experienced Analyst
S$12,500
Anti Money Laundering (AML) ManagerS$12,500
Middle Office ManagerS$12,500
Wealth PlannerS$12,583
Financial AdvisorS$13,000
Buy-side, Investment AssociateS$13,333
Operational Risk ManagerS$13,333
Private Banking Client AdvisorS$15,833
Fund ManagerS$16,667
ActuaryS$17,417
Investment Banking Mergers & Acquisitions (M&A)
Experienced Associate
S$18,333

Digital

RoleAverage Base Monthly Salary
Product DesignerS$10,000
User Experience / User Interface (UX / UI) DesignerS$10,667
Digital Marketing ManagerS$11,417
Ecommerce ManagerS$11,417
Product ManagerS$12,000
Senior User Experience / User Interface (UX / UI) DesignerS$12,333
Head of User Experience / User Interface (UX / UI)S$12,500
Search Engine Optimisation (SEO) ManagerS$12,667
Head of Media BuyingS$13,167
Customer Relationship Management (CRM) ManagerS$13,500
Head of Search Engine Optimisation (SEO)S$14,333
Digital Project ManagerS$14,500
Director of User OperationsS$15,000
Senior Product ManagerS$15,000

Engineering & Manufacturing

RoleAverage Base Monthly Salary
Engineering Project ManagerS$10,000
Maintenance ManagerS$10,000
Senior HSE ManagerS$10,000
Continuous Improvement ManagerS$10,000
Workshop ManagerS$10,000
Production ManagerS$10,000
Innovation ManagerS$10,000
Research & Development ManagerS$10,000
Manufacturing ManagerS$10,833
Quality ManagerS$11,667
Plant ManagerS$15,000
Energy TraderS$20,833

Healthcare & Life Sciences

RoleAverage Base Monthly Salary
Manufacturing ManagerS$10,000
Operations ManagerS$10,000
Senior ScientistS$10,000
Senior Key Account ManagerS$11,000
Product ManagerS$12,083
Market Access ManagerS$12,417
Senior Quality ManagerS$12,500
Regulatory Affairs ManagerS$14,083
Commercial HeadS$15,000
Medical Affairs ManagerS$15,000
Country ManagerS$20,833
Plant ManagerS$20,833

Human Resources

RoleAverage Base Monthly Salary
Recruitment SpecialistS$10,000
Reward & Benefits AnalystS$12,000
HR Business PartnerS$12,333
Learning and Development ManagerS$12,500
Recruitment ManagerS$12,500
HR ConsultantS$12,583
HR ManagerS$13,750
Senior HR ManagerS$13,750
Organisational Design ManagerS$15,000
Reward & Benefits ManagerS$15,000
Senior HR Business PartnerS$16,667
Senior HR ConsultantS$16,667

Legal

RoleAverage Base Monthly Salary
Risk AnalystS$10,000
Compliance ManagerS$11,000
Financial Crime AnalystS$11,000
Risk ManagerS$12,000
Legal CounselS$13,333
LawyerS$13,583
Regulatory LawyerS$15,083
Employment LawyerS$15,167
Compliance LawyerS$15,833
Senior Legal CounselS$16,500
Banking LawyerS$16,667
Senior LawyerS$16,667
Intellectual Property LawyerS$17,833

Marketing

Somewhat surprisingly, perhaps, roles in marketing are some of the least well paid, with only three roles below the executive level crossing our S$10,000 level. Everybody else, sadly, falls below that.

RoleAverage Base Monthly Salary
Corporate Communications ManagerS$10,000
Marketing ManagerS$10,000
Communications ManagerS$10,833

Procurement & Supply Chain

RoleAverage Base Monthly Salary
Operations ManagerS$10,000
Planning ManagerS$10,000
Sales & Operations Planning (S&OP) ManagerS$10,000
Commodity / Sourcing ManagerS$10,000
Costing ManagerS$10,000
Procurement ManagerS$10,000
Supply Chain E-commerce ManagerS$10,000
Compliance ManagerS$10,000
Import / Export ManagerS$10,000
Logistics ManagerS$10,000
Planning AnalystS$10,833
Supply Chain Program ManagerS$11,667
Head of LogisticsS$12,500
Logistics Project ManagerS$13,083
Supplier Relationship ManagementS$15,000
Senior Compliance ManagerS$15,000

Property & Construction

RoleAverage Base Monthly Salary
Contracts ManagerS$10,000
Development ManagerS$10,000
Property ManagerS$10,000
Technical ManagerS$10,000
ArchitectS$10,000
Building Information Modelling (BIM) ManagerS$10,000
Design ManagerS$10,000
Interior DesignerS$10,000
Project ManagerS$10,000
Senior Site ManagerS$10,000
Data Centre Facility ManagerS$12,000
Facilities ManagerS$12,000
Senior Project ManagerS$12,000

Sales

RoleAverage Base Monthly Salary
Business Development ManagerS$10,000
Customer Success ManagerS$10,000
Senior Key Account ManagerS$10,000
Sales Project ManagerS$11,417
Commercial ManagerS$12,000
Sales ManagerS$13,250
Senior Business Development ManagerS$15,000

Secretarial & Business Support

It’s no secret that secretarial roles are not exactly the best paid and it finds confirmation here, with only one role qualifying under our criteria, and even it is here only because its area of focus is law.

RoleAverage Base Monthly Salary
Legal Services AdministratorS$15,000

Sustainability & ESG

Sustainability roles, however well regarded by modern corporations, do not exactly provide many opportunities to climb the ladder financially.

RoleAverage Base Monthly Salary
ESG / Sustainability ManagerS$10,000
ESG Consulting ManagerS$15,833

Technology

Finally, and unsurprisingly, the biggest standalone category of all: technology, where qualified talent can still find good pay.

Singapore, being the small and surprisingly restrictive labour market, is probably faring better than most other countries where waves of layoffs have released thousands of people looking for new employment at the same time, leading to a demonstrable glut and shortage of offers.

RoleAverage Base Monthly Salary
IT AuditorS$10,000
IT Security ConsultantS$10,000
Salesforce ConsultantS$10,000
Power BI DeveloperS$10,250
Technical WriterS$10,250
Front-end DeveloperS$10,500
Web DeveloperS$10,500
Technical Business AnalystS$10,583
Software DeveloperS$10,833
Software EngineerS$10,833
SAP ConsultantS$10,833
Data AnalystS$10,917
.NET DeveloperS$11,083
IT Support AnalystS$11,167
Full-stack DeveloperS$11,250
Python DeveloperS$11,417
Android DeveloperS$11,583
Robotic Process Automation (RPA) DeveloperS$11,750
Master Data ManagerS$11,833
IT Audit ManagerS$11,917
Application Support AnalystS$11,917
ProgrammerS$12,083
Data EngineerS$12,250
Business Intelligence (BI) AnalystS$12,417
Data Governance EngineerS$12,500
Java DeveloperS$12,500
IT ManagerS$12,500
Business Intelligence (BI) DeveloperS$12,583
DevOps EngineerS$12,583
Implementation ManagerS$12,583
Network EngineerS$12,583
Scrum MasterS$12,750
Hardware EngineerS$12,833
IT Project ManagerS$12,833
Test LeadS$12,917
Database AdministratorS$13,000
Senior Software DeveloperS$13,083
IT Security ManagerS$13,167
Business AnalystS$13,167
Service Delivery ManagerS$13,667
IT ConsultantS$13,833
Senior .Net DeveloperS$13,833
Infrastructure EngineerS$13,833
Back-end DeveloperS$13,917
C++ DeveloperS$14,167
Data Science ConsultantS$14,333
Business Analytics ManagerS$14,417
Solution ArchitectS$14,667
Data ScientistS$15,000
Senior Java DeveloperS$15,000
Enterprise ArchitectS$15,333
Infrastructure ArchitectS$16,333
Game DeveloperS$16,417
Data Science ManagerS$16,500
Data ArchitectS$17,500

While the above figures are more specific to Michael Page rather than the entire market, they provide a good benchmark for those in the corporate world and are a useful reference for other companies (bearing in mind that pay in smaller businesses may be a bit worse).

Nevertheless, given the breadth of a total of 500+ different roles and 280,000 data points that the company cites, it should be more accurate than a typical survey, giving you a general idea of whether you fall below or above average—and what you can hope for going forward.

Good luck!

Featured Image Credit: Shutterstock

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Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)

Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)

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Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)