Singapore remains one of Asia’s most attractive job markets, offering competitive salaries across sectors. Pay levels, however, vary widely depending on industry, role seniority, and skill demand.
This salary guide provides a detailed look at average monthly and annual pay across major industries in Singapore, along with insights into what drives wage growth and how jobseekers can benchmark their expectations.
Contents
Key Factors Shaping Salaries in Singapore
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Industry Growth – Expanding sectors like technology, healthcare, and green energy pay a premium to secure talent.
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Skills Demand – Professionals with specialised skills (AI, cybersecurity, ESG, compliance) earn higher salaries.
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Global Competition – As a regional hub, Singapore benchmarks salaries against international talent markets.
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Policy & Work Pass Requirements – Rising salary thresholds for Employment Passes and S Passes influence wage levels for foreign professionals.
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Hybrid Work & Benefits – Beyond base pay, many companies offer flexible work, learning budgets, and wellness benefits.
Average Pay by Industry in Singapore
1. Technology & Digital
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Software Engineers: S$6,000 – S$12,000 monthly
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Cloud & DevOps Engineers: S$7,000 – S$13,000
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AI / Data Scientists: S$7,500 – S$15,000
Insight: Salaries in tech are rising fastest due to talent shortages and high demand in AI and cloud.
2. Cybersecurity
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Cybersecurity Analysts: S$5,000 – S$8,000
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Security Engineers / Architects: S$8,000 – S$15,000
Insight: Demand outpaces supply; certifications like CISSP or OSCP drive premium pay.
3. Healthcare & Life Sciences
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Registered Nurses: S$3,800 – S$6,500
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Allied Health Professionals: S$4,000 – S$7,000
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Medical Specialists & Researchers: S$9,000 – S$18,000+
Insight: Healthcare remains stable with incremental increases, especially in specialist roles.
4. Finance & Banking
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Financial Analysts: S$5,000 – S$9,000
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Risk & Compliance Managers: S$7,000 – S$14,000
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Investment Banking / Wealth Managers: S$10,000 – S$20,000+
Insight: Finance offers some of the highest pay, especially in wealth management and fintech.
5. Green & Sustainability
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Sustainability Managers: S$6,000 – S$12,000
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Renewable Energy Engineers: S$7,000 – S$13,000
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Carbon Consultants / ESG Analysts: S$6,500 – S$11,000
Insight: Still an emerging sector, but salaries are climbing as companies compete for rare expertise.
6. Supply Chain & Logistics
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Operations Executives: S$3,500 – S$5,500
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Supply Chain Managers: S$7,000 – S$12,000
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E-commerce Logistics Specialists: S$5,000 – S$8,000
Insight: Logistics roles have steady demand, with e-commerce driving higher pay for digital supply chain roles.
7. Engineering & Advanced Manufacturing
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Process Engineers (Semiconductors): S$6,000 – S$10,000
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Automation Engineers: S$6,500 – S$11,000
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Quality Engineers: S$5,000 – S$8,500
Insight: Advanced manufacturing pay is boosted by semiconductor and biomedical investments.
8. Marketing & Sales
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Digital Marketing Managers: S$5,000 – S$9,000
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Sales Managers: S$6,000 – S$11,000 (excluding commission)
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E-commerce Marketing Leads: S$6,500 – S$12,000
Insight: Marketing pay varies widely, with digital and performance marketing roles commanding higher ranges.
Salary Trends in Singapore
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Tech Premiums: AI, data, and cybersecurity professionals earn above-market pay.
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Healthcare Stability: Consistent growth, with more demand in specialist and leadership roles.
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Green Growth: ESG and sustainability jobs are offering rising packages as companies push net-zero targets.
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Finance Competition: Banking and fintech continue to pay top-tier salaries to attract global talent.
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E-commerce Boost: Logistics and marketing roles tied to e-commerce see better pay than traditional equivalents.
Tips for Jobseekers
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Benchmark with Ranges: Always check salary guides before negotiating.
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Highlight Certifications: Credentials in cloud, finance, or ESG can increase salary offers.
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Negotiate Benefits: Hybrid work, training allowances, and performance bonuses add significant value.
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Show Impact: Employers pay more when candidates can demonstrate measurable results.
FAQs
Which industry pays the highest salaries in Singapore?
Finance, banking, and technology offer the highest overall packages, especially for senior roles.
Are salaries rising in Singapore?
Yes, but unevenly. Tech, finance, and sustainability show the fastest growth; other industries are more stable.
How much does a software engineer earn in Singapore?
On average S$6,000 – S$12,000 monthly, depending on experience and company size.
Do foreign professionals get paid more?
Not necessarily. Salaries depend on role and sector, but qualifying thresholds for work passes ensure a competitive wage.
Which skills bring the best salary increase?
AI, machine learning, cybersecurity, risk management, ESG, and cloud computing are top-paying skill areas.