What Is A Good Starting Salary In Singapore Updated 9 September 2023 What constitutes a good income varies greatly based on your education level professional experience chosen industry and geographic region Knowing what decent pay is might help you enhance your employment chances and choose a professional path
Whether you re happy with your wage or looking for an increase the good news is that salaries have risen in Singapore for experienced workers and recent graduates A survey of 11 200 graduates found the median gross monthly salary for full time permanent jobs had increased from 3 600 in 2019 to 3 800 in 2021 According to recent data Singapore s median salary for full time work in Singapore is S 5 170 monthly in 2023 including the employer s CPF contributions But are you underpaid What should be the market salary for your role We ve put together this Ultimate Singapore Average Salary Guide to help you out
What Is A Good Starting Salary In Singapore
What Is A Good Starting Salary In Singapore
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The most popular occupations in Singapore are Marketing Executive Software Engineer and Senior Software Engineer which pay between S 35 376 and S 68 236 per year The most popular industries in Singapore are Information Technology IT Services Banking and Education Top 5 most popular occupations S and expected pay scale range Let s get started The average salary in Singapore The average monthly salary in Singapore depends on an employee s experience level the field of work job title and education level It also varies drastically across sectors like IT Information Technology healthcare banking and work type full time or part time
Updated 9 November 2022 During the interview process hiring managers often ask what your desired pay is Providing a guide like a salary range that matches the position you re applying for can show the hiring manager you ve done your research and improve your chances of being compensated fairly What is a good fresh graduate salary in Singapore Despite tighter and more competitive marketplaces fresh university graduates continue to earn roughly the same amount of money as they did in previous years While there are exceptions the average salary for a fresh graduate often starts around 30 000
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Listed below are 10 of the country s most popular jobs complete with a breakdown of that position s expected salary range in Singapore 1 Accountant Expected Salary Range 41K to 61K per year Top Companies Hiring for Accountants in Singapore MatchMove Pay Cazaja Resources Engie Energy Marketing Singapore Without employer CPF contributions the average median income is 4 500 month or 54 000 year Singapore s median income has grown 45 7 since 2012 to 2022 an annualised increase of 3 8 At age 40 to 44 is when salaries should peak In general males earn more than females
The average salary in Singapore is S 58k Trends in wages decreased by 100 0 percent in Q3 2023 The cost of living in Singapore is NaN percent lower than the national average 1 Technology 2 Financial Services 3 Business Sales 4 Engineering 5 Healthcare 1 Technology The Information Technology and Computer sector is one of the highest paying industries for fresh graduates and could be one of the best to start if you are going after a high paying job
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What Is A Good Starting Salary In Singapore - Median Salary In Singapore By Age Group According to MOM the median gross monthly income from work excluding employer CPF is 4 500 for full time employed residents This figure includes employee CPF and is what most of us see as our gross monthly salary Including employer CPF contributions the nominal median income of full time employed