Are you considering a move to Singapore for work? One crucial factor to think about is the average salary for expats in Singapore. Singapore is famous for its strong economy and high living standards, making it a top choice for expatriates worldwide.
In this blog, we’ll explore what you can expect regarding the average salary of expats in Singapore, giving you a clear picture before you decide. Expatriates, or expats, are people who move from their home country to live and work abroad. Singapore attracts many expats due to its thriving job market, modern infrastructure, and diverse cultural mix.
Whether you’re thinking about transferring jobs or starting afresh in Singapore, understanding the average salary in Singapore for expat roles is crucial. Salaries for expats in Singapore can vary based on factors like industry, job role, and experience level. Typically, expats here enjoy competitive pay packages that often include benefits like housing allowances, educational support, and healthcare coverage.
These additional perks enhance the overall compensation package, making Singapore an attractive place to work. By learning about the salary landscape for expatriates, you can better plan your move and confidently explore the opportunities Singapore has to offer.
Are you thinking about moving to Singapore for work? One important thing to consider is how much expats typically earn there. Singapore is known for its strong economy and high standard of living, making it a popular choice for people from around the world.
Singapore has plenty of job opportunities in different industries. Key sectors include finance, technology, healthcare, logistics, and hospitality.
The city is famous for being supportive to businesses, having modern infrastructure, and being strategically located in Asia.
This attracts both big international companies and new startups. Expats often find good job opportunities in Singapore, whether they’re aiming for management positions, technical jobs, or specialized fields like biomedical sciences and fintech.
Expats who are professionals and experts in their respective fields can expect competitive pay. In 2021, salaries and benefits for expats in Singapore went up by 4%. The average salary for a middle manager was approximately SGD 100,000 – 120,000 per year. Even though Singapore dropped to the 22nd most expensive place for expats, their pay still increased. This information comes from the MyExpatriate Market Pay Survey by ECA International, a top provider of data for managing employees globally.
When companies think about how much it costs to hire expats, they look at three main things: the cash salary, benefits (like housing, international schools, or cars), and tax.
But often, expats receive more than just salary – benefits in expatriate packages can add up to around SGD 216,000. Salaries can vary a lot depending on the job you have, how senior you are, and what industry you work in.
In Singapore, different industries pay varying salaries based on the roles and responsibilities within each sector. Here are the average expat salary according in different industries.
Finance and accounting jobs in Singapore offer some of the highest salaries. Entry-level roles like Financial Analysts can earn up to SGD 86,890 per year. As you move up, positions such as Finance Manager, Performance Analyst, and Valuation Control can pay around SGD 120,000 annually. Senior roles like Finance Directors and CFOs earn even more, ranging from SGD 220,000 to SGD 350,000 per year.
Human resources professionals are in demand across Singapore's industries. An HR Business Partner typically earns around SGD 144,000 per year, while senior roles like HR Director or Head of HR can earn about SGD 180,000 annually.
Banking roles also provide good pay in Singapore. Starting positions in KYC Operations or Client Services can earn up to SGD 130,000 per year. With experience, moving into management roles can boost your salary to about SGD 270,000 annually.
Professionals in procurement and supply chain management are crucial for business operations. Roles like Planning Managers or Project Managers in this field can expect salaries around SGD 140,000 per year. At higher levels, Supply Chain Directors earn about SGD 160,000 annually.
Marketing is essential in Singapore's businesses, with well-compensated roles. Senior positions like Regional Heads can earn up to SGD 275,000 per year, while Vice Presidents or Presidents in marketing may make as much as SGD 400,000 annually.
Legal professionals also earn good salaries in Singapore. A paralegal clerk earns about SGD 48,000 annually, while lawyers can take home around SGD 80,000 per year.
Tech professionals are highly valued in Singapore, with competitive salaries. Data Analysts earn around SGD 60,000 annually, while Front-end or Back-end Developers typically earn between SGD 60,000 to SGD 72,000 per year.
While salaries vary based on the job role and experience, expats can expect to earn competitive wages and enjoy extra benefits like housing, education, and healthcare. Understanding these salary trends can help you plan better and make a smooth transition to living and working in Singapore. With its strong economy and high living standards, Singapore is a great place for expats to grow their careers and enjoy a vibrant life.
In conclusion, knowing the average salary for expats in Singapore is very important if you are thinking about moving there for work. Singapore offers many good job opportunities with high pay across different industries like finance, banking, human resources, marketing, supply chain management, IT, and legal.
Let’s help you setup! Find the perfect pieces for your home!
read next
