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Top 12 Highest Paying Jobs in Singapore in 2024

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25th Apr, 2024
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    Top 12 Highest Paying Jobs in Singapore in 2024

    Singapore is a developing nation with a growing economy and many job opportunities. The country has opportunities for various job profiles. Also, if a better salary is what you are looking for, then there are many of the highest paying jobs in Singapore. The jobs offer both full-time and part-time roles and are open to foreign candidates as well.

    For instance, if you are living in India and want a job in the cybersecurity domain in Singapore, it’s not that difficult to get. All you would need is the right skills and a work permit. You can also upskill in this domain to qualify for the job by attending Cyber Security Training Programs online. Curious about high-paying industries in Singapore and other details? Then enhance your knowledge on this topic by diving further into the article.

    List of Top 12 Highest Paying Jobs in Singapore

    There are some job profiles that pay well in Singapore. Below is a list of 12 of the highest paying jobs in Singapore: 

    1. Business Development – Strategic Sourcing & Procurement

    Business Development is a role that involves identifying and developing new business opportunities for a company. 

    Pay scale 

    SGD 50,000 to SGD 110,000 per year 

    Responsibilities 

    • Identify and pursue new business opportunities. 
    • Maintain and grow the existing relationship with clients. 
    • Conduct market research 

    2. Regional Category Manager

    A Regional Category Manager is a senior-level position that is responsible for developing and implementing sales and marketing strategies for a specific product category or group of products within a particular region. 

    Pay scale

    SGD 60,000 to SGD 120,000 per year 

    Responsibilities

    • Manage a team of sales and marketing professionals. 
    • Oversee the budget for their product category. 
    • Analyze market trends and identify new business opportunities. 
    • Develop and implement promotional campaigns to drive sales. 

    3. Software Engineer

    A software engineer is a professional who designs, develops, tests, and maintains software and systems.

    Pay scale 

    SGD 48,000 to SGD 96,000 per year 

    Responsibilities 

    • Analyse user requirements and determine the feasibility of design within time and cost constraints. 
    • Create and maintain software documentation.
    • Design, develop, test, and maintain software and systems. 
    • Troubleshoot and debug existing systems. 

    4. Market Research Analyst

    A Market Research Analyst is a professional who uses data and analytical techniques to study market conditions, consumer behavior, and other factors that affect a company's sales and revenue.

    Pay scale 

    SGD 50,000 to SGD 90,000 per year 

    Responsibilities 

    • Organize and analyze data related to consumers, competitors, and market conditions. 
    • Interpret data and make recommendations to company management.
    • Develop and implement market research projects.
    • Present findings and recommendations to management and other stakeholders.

    5. IT Cyber Security Manager/Specialist

    An IT Cyber Security Manager is responsible for protecting an organization's information systems and technology infrastructure from cyber threats.

    Pay scale 

    SGD 90,000 to SGD 150,000 per year 

    Responsibilities 

    • Develop and implement security policies, procedures, and protocols for protection from cyber threats. 
    • Monitor and respond to security incidents, identify and contain security breaches and restore normal operations. 
    • Conduct risk assessments to identify vulnerabilities and potential threats. 
    • Manage and mentor security staff.

    6. Project Manager

    A Project Manager is responsible for planning, executing, and closing projects according to strict deadlines and within budget. You can also go for some Training courses for Project Managers to increase your chances of getting the job.

    Pay scale 

    SGD 90,000 to SGD 150,000 per year

    Responsibilities 

    • Defining project scope, goals, and deliverables in collaboration with senior management and stakeholders 
    • Developing detailed project plans, schedules, budgets, and objectives 
    • Coordinating the project team's efforts, which may include internal staff, contractors, and external partners. 
    • Managing project resources, including personnel, equipment, and materials 

    7. DevOps

    A DevOps Engineer is a professional who works to bridge the gap between software development and IT operations. There are many Courses on DevOps online that you can consider taking up to have the required skillset needed to apply for this job role. 

    Pay scale 

    SGD 80,000 to SGD 150,000 per year 

    Responsibilities 

    • Automating software build, test, and deployment using tools such as Jenkins, Ansible, and Puppet 
    • Collaborating with development teams to design and implement infrastructure and software that can be easily deployed and scaled. 
    • Managing and monitoring the performance of production systems to identify and address issues quickly. 
    • Supporting development teams with the tools and resources to build, test, and deploy software. 

    8. Quality Manager/Lean Six Sigma Specialist

    A Quality Manager is responsible for planning, implementing, and maintaining quality standards for an organization's products and services. This includes developing and implementing quality control systems, conducting audits and inspections, and identifying areas for improvement.

    Pay scale 

    SGD 50,000 to SGD 100,000 per year 

    Responsibilities 

    • Reviewing customer complaints and determining root causes 
    • Investigating and implementing corrective actions 
    • Analyzing data to identify areas for improvement. 
    • Implementing quality management systems (QMS) 
    • Communicating with customers, suppliers, and regulatory bodies 
    • Reviewing and approving supplier quality 

    9. Head of Global Sourcing

    Head of Global Sourcing is a senior-level position, and the person in this role will have a significant impact on the company's bottom line. They are mainly responsible for maintain the relationship between suppliers and vendors required by companies.

    Pay scale 

    SGD 150,000 to SGD 250,000 per year 

    Responsibilities 

    • Maintain relationships with key vendors and suppliers to ensure they meet the company’s needs. 
    • Negotiate contracts and agreements with suppliers and vendors. 
    • Monitor market trends and identify new suppliers and material sources. 
    • Develop and manage risk management strategies and supplier performance management system. 

    10. Regional Marketing Manager (Consumer Goods, e-commerce)

    A Regional Marketing Manager is responsible for developing and implementing marketing strategies for a specific geographic region

    Pay scale 

    SGD 65,000 to SGD 130,000 per year 

    Responsibilities 

    • Meeting or exceeding performance goals and targets 
    • Maintaining accurate and up-to-date records and reports 
    • Communicating effectively with colleagues, supervisors, and customers 
    • Providing exceptional customer service 
    • Managing and leading teams 

    11. Head of Marketing

    The Head of Marketing is a senior management position responsible for leading and directing a company's marketing efforts. 

    Pay scale 

    SGD 150,000 to SGD 250,000 per year per 

    Responsibilities 

    • Developing and implementing marketing strategies to increase brand awareness and drive sales 
    • Managing a marketing budget and allocating resources effectively 
    • Collaborating with other departments, such as sales and product development, to ensure that marketing efforts align with overall business objectives. 
    • Identifying and targeting new market segments and customers 

    12. Data Engineer/Network Engineer

    A Data Engineer is responsible for designing, building, and maintaining the infrastructure and systems that support the collection, storage, and processing of large data sets. 

    Pay scale 

    SGD 65,000 to SGD 130,000 per year 

    Responsibilities 

    • Meeting or exceeding performance goals and targets 
    • Maintaining accurate and up-to-date records and reports 
    • Communicating effectively with colleagues, supervisors, and customers 
    • Providing exceptional customer service 
    • Managing and leading teams 

    These were some of the jobs that are paid well in Singapore.  

    Which Degree Pays the Most in Singapore?

    To get a job in a high-paying industry, a degree also plays an important factor. Below are some degrees that pay well in Singapore. There are many highest paying jobs for fresh graduates in Singapore that can be taken up soon after completing the degree.  

    1. Bachelor of Computing (Computer Science)

    The program is designed to provide students with a strong foundation in computer science, including programming, algorithms, data structures, computer systems, and software development. The curriculum may include courses in related fields such as mathematics, physics, and electrical engineering.

    Course Duration 

    4 years 

    Job Opportunities 

    Software Developer/Engineer, Systems Analyst, Database Administrator, Network Administrator, Web Developer, Cybersecurity Specialist, And Artificial Intelligence/Machine Learning Engineer 

    Average Salary 

    Around SGD 72,000 per year. 

    2. Bachelor of Science (Business Analytics) 

    A Bachelor of Science in Business Analytics (BSBA) is a four-year degree program that focuses on the application of data and analytical tools to assist organizations in making informed decisions. Students will be trained to use data-driven software to analyze large volumes of data and develop strategies to help organizations maximize their performance. 

    Course Duration 

    3-4 years 

    Job Opportunities 

    Analyst of Data, Business and Market Research 

    Average Salary 

    Around SGD 60,000 per year 

    3. Bachelor of Computing (Information Security)

    A Bachelor of Computing (Information Security) degree provides students with a thorough understanding of information security's fundamentals and technical aspects. Students will learn about the principles and practices of cybersecurity, artificial intelligence, cryptography, network security, and malware analysis.

    Course Duration 

    4 years 

    Job Opportunities 

    Security Analyst, Security Engineer, and Information Security Consultant 

    Average Salary 

    Around SGD 72,000 per year. 

    3. Bachelor of Computing (Information Systems)

    A Bachelor of Computing (Information Systems) degree is a program that develops a student's knowledge of information architecture, computer networks, software engineering, and other related technologies.

    Course Duration 

    4 years 

    Job Opportunities 

    Systems Analyst, Software Engineer, Database Administrator, or Network Engineer. 

    Average Salary 

    Around SGD 80,000 per year. 

    4. Bachelor of Engineering (Computer Engineering)

    A Bachelor of Engineering (Computer Engineering) program is designed to equip individuals with the technical and theoretical skills necessary to design, build, test, and maintain complex computer systems, as well as to develop software applications and analyze data. The curriculum covers programming, operating systems, embedded systems, computer architecture, networks, artificial intelligence, and robotics.

    Course Duration 

    4 years 

    Job Opportunities 

    Computer Engineer, Software Engineer, System Engineer, and IT Consultant. 

    Average Salary 

    Approximately SGD 70,000 per year. 

    5. Bachelor of Engineering (Engineering Science)

    A Bachelor of Engineering (Engineering Science) provides a comprehensive background in the theories and practices of engineering. It focuses on engineering fundamentals and problem-solving, teaching students the skills necessary to become professional engineers.

    Course Duration 

    4-5 years 

    Job Opportunities 

    Mechanical Engineer, Electrical Engineer, Computer Engineer, Civil Engineer, Research and Development Engineer, Systems Engineer, Project Engineer, Manufacturing Engineer, and Quality Control Engineer

    Average Salary 

    Around SGD 70,000 per year. 

    6. Bachelor of Science (Data Science & Analytics)

    A Bachelor of Science (Data Science & Analytics) focuses on developing the skills needed to collect and analyze large amounts of data, develop algorithmic solutions for analysis, and leverage insights to make better decisions. The program covers data engineering, mining, machine learning, artificial intelligence, and cybersecurity.

    Course Duration 

    4 years 

    Job Opportunities 

    Data Analyst, Business Intelligence Analyst, Data Engineer and Scientist

    Average Salary 

    Around S$70,000 

    These were some of the degrees that pay well. If a good salary job in Singapore is your target, you can refer to pursue any of these degrees.

    Highest Paying Industries in Singapore

    There are many industries in which one can choose to work. These industries can be differentiated via various factors, income being one of them. Below are some of the industries where an individual can get high salary jobs in Singapore:

    • Accounting: Accounting is an in-demand profession in Singapore and is among the country's best-paying industries. The role of the accountant includes handling day-to-day financial transactions and documents. They advise organizations on how to manage their finances and investments.
    • Banking: The banking and finance sector is another lucrative industry in Singapore. Bankers, financial advisors, and analysts earn reasonable compensation in the country. They provide advice and manage finances for companies and individuals.
    • Information & Technology: It is another well-paid job sector in Singapore. IT jobs that pay well in Singapore include designing and creating software, managing databases and networks, and providing technical support and advice.
    • Legal: This sector is another attractive career option in Singapore. Lawyers, judges, and paralegals are never out of demand and can earn high salaries. They help clients and companies with legal advice and represent clients in court.
    • Sales:  Another exciting and one of the highest paying jobs in Singapore. The job role includes marketing and selling the products. Also, excellent interpersonal skills and an understanding of the business are required to work in the sales industry.
    • Education: It is one of the most significant industries to work in. Teachers, professors, and administrators are essential in educating the youth of the country and, thus, are in demand. Their task is to provide quality education to students in the country.
    • Healthcare: The healthcare industry has some of the best paying jobs in Singapore. Doctors, nurses, pharmacists, and other healthcare professionals are necessary to ensure the health and wellness of the citizens.

    There were some high-paying industries in Singapore. These industries also offer high-paying part-time jobs in Singapore. So, it’s up to you whether you want to take a full-time or part-time jobs in any of these industries.

    Source: blog.y-axis

    High Paying Jobs Without Degree

    There are numerous top highest paying jobs in Singapore, and some of these do not require a degree. If you don’t have a degree or are in the process of getting a degree, then you can work in these industries. Below are some of them:

    • Customer Service Executives: Customer Service Executives provide customer service by answering inquiries, resolving complaints, and providing information. They interact with customers over the phone, email, or face-to-face. They should possess strong communication and problem-solving skills.
    • Data Entry Clerk: Data Entry Clerks are responsible for collecting, organizing, and entering data into computers. They should have excellent attention to detail and must be comfortable with using various computer programs.
    • Receptionists: Receptionists provide administrative and customer service support in an office setting. They are responsible for answering phones, greeting visitors and providing information about the organization.
    • Secretaries: Secretaries create and maintain filing systems, handle correspondence and maintain internal communication. They need to have organizational and communication skills and be familiar with office procedures.
    • Property Agents: Property agents are responsible for selling, renting and managing properties. They should have excellent communication and negotiation skills, as well as an in-depth knowledge of local real estate regulations.
    • Automotive Mechanics: Automotive mechanics inspect, diagnose, and repair cars and other motor vehicles. They should understand automotive electronics, mechanical systems, and repair techniques.
    • Head Chefs: Head chefs are responsible for leading a team of chefs in preparing and presenting meals in restaurants. They need to have excellent culinary skills, as well as leadership and managerial skills.
    • Recruitment Agents: Recruitment agents are responsible for sourcing and recruiting suitable candidates for job openings. They must be good with interpersonal and communication skills and have an understanding of the job market and employer needs.

    Eligibility Criteria for Getting a Job in Singapore

    To be eligible for the highest paying jobs in Singapore for foreigners, applicants must meet specific criteria established by the government and employer. One major requirement is a valid work permit or employment pass for foreign nationals who want to work in the country. The type of work permit required depends on the applicant's qualifications, work experience, and salary.

    Additionally, employers must conduct a fair and non-discriminatory hiring process and ensure that the applicant can perform the job safely and competently. Some particular sectors, like healthcare, financial services, and security, have eligibility criteria and license requirements. Singapore's Ministry of Manpower also has a set of guidelines that employers must follow when hiring foreign workers. Overall, Singapore strongly focuses on merit-based hiring, and applicants are encouraged to have relevant qualifications and experience to increase their chances of being hired.

    Top States with More Job Opportunities in Singapore

    Singapore is known for its stable and diversified economy, which provides job opportunities in various industries. Even if you are a fresher, there are some of the highest paying jobs for fresh graduates in Singapore. Some of the top states with the most job opportunities in Singapore include:

    • Central Singapore: This part of Singapore is home to the Central Business District and is considered the economic and financial hub of the country. It is home to many multinational companies, banks, and financial institutions, making it a popular destination for job seekers in the finance and banking sector.
    • North-East Region: This part of the country has many industrial estates, such as chemical and electronics, as well as Seletar Aerospace Park, which is a hub for aerospace and engineering companies. This makes it an attractive destination for job seekers in the manufacturing, engineering, and aerospace sectors.
    • West Region: It has been a growing land for many manufacturing companies and Jurong Island, an important energy and chemical industry center. This makes the destination quite popular among job seekers in the manufacturing and energy sectors.
    • East Region: This region is home to many businesses process outsourcing and IT companies, as well as the Changi Business Park, a hub for logistics and supply chain companies. This makes it an attractive destination for job seekers in the IT, BPO, and logistics sectors.

    More specifically, the following cities offer the most lucrative jobs in Singapore.

    JOBSAVERAGE SALARYCITIES OFFERING JOBS

    C-Suite Executive Jobs (Eg CEO, CFO, COO) 

    SGD350,000 – SGD650,000 

    Changi Village, Queenstown Estate, Geylang Serai, Novena 

    IT Jobs 

    SGD360,000 

    Marina Bay Area, Bukit Batok, Serangoon, Queenstown, Yishun 

    Banking and Finance Jobs 

    SGD375,000-SGD450,000 

    Queenstown, Marina Bay Area, Pasir Ris, Yishun 

    HR Jobs 

    SGD240,000-$310,000 

    Bukit Batok, Marina Bay Area, Central Singapore 

    Lawyer/Counsel Jobs 

    SGD350,000 

    Central Singapore, Bukit Batok, Queenstown Estate 

    General Management Jobs 

    SGD250,000-SGD300,000 

    Changi Village, Geylang Serai, Queenstown, Marina Bay 

    Medical Practitioners 

    SGD250,000-SGD300,000 

    Central Singapore, Geylang Serai, Bukit Batok, Marina Bay Area 

    Overall, Singapore's job market is diverse and constantly evolving. Job seekers can find opportunities in many different sectors and regions. 

    Certifications to Increase the Pay Scale in Singapore

    In Singapore, certifications can significantly increase one's pay scale and career advancement opportunities. These can help you get the highest salary in Singapore. Some of the most highly valued certifications in the country include: 

    • Professional certifications in finance and accounting, such as the Chartered Financial Analyst (CFA) and the Certified Public Accountant (CPA), can significantly increase pay scale and career advancement opportunities in finance and accounting.
    • In the IT sector, certifications such as the Certified Information Systems Security Professional (CISSP) and the Certified Information Systems Auditor (CISA) can be highly valued by employers. They can lead to higher pay and more job opportunities.
    • In healthcare, certifications such as the Medical Doctor (MD) and the Doctor of Dental Surgery (DDS) are highly valued.
    • In engineering, certifications such as Professional Engineer (PE) and Project Management Professional (PMP) can be valuable for career advancement and higher pay.
    • In Supply Chain and Logistics, certifications such as the Certified in the Governance of Enterprise IT (CGEIT) and Certified in the Supply Chain (CSCP) can be valuable for career advancement and higher pay.

    Not all certifications are created equal; some may be more widely recognized and valued than others. But certification can benefit job seekers as it demonstrates to potential employers that they have the required skills and knowledge to perform well in the role. 

    Conclusion

    Singapore is counted among other well-developing countries with ample amount of opportunities in different fields. There are many career options, with some industries that have the highest demand for jobs in Singapore. Freshers or experienced both have a chance to get their hands on many top paying jobs in Singapore. Also, students can take up certificate courses and other online courses to upskill and increase their chances of getting a job. In all, if you are looking for a job in your industry that also pays you well, then you must consider Singapore. Singapore is counted among other well-developing countries with ample amount of opportunities in different fields. There are many career options with some industries that have highest demand jobs in Singapore. Freshers or experienced both have a chance to get their hands on many high paying jobs. Also, students can take up certificate courses and other online courses to upskill and increase their chances of getting the job. In all if you are looking for a job in your industry that also pays you well then you must consider Singapore.

    Frequently Asked Questions (FAQs)

    1Is Singapore easy to get a job?

    Singapore is one of the world's most prosperous and successful countries, and it is a great place to pursue a career. The country has a growing economy and plenty of top-paying jobs in Singapore. There is a big scope for employment for those with the right skills and qualifications. However, getting a job in Singapore is challenging and requires long-term commitment and dedication.

    Candidates must have an excellent educational background, relevant work experience, and a strong command of the English language, as this is the official language of the country. Prospective employees must also be prepared to undergo a rigorous job application process, including several interviews. Despite being a competitive environment, Singapore is a great place to pursue a career, and those with the right qualifications should have no problem finding a job. 

    2What is a good salary in Singapore?

    Singapore has emerged as one of the best places for people to work, offering many high-paying jobs to people from across the globe. The average monthly pay in Singapore as of January 2023 is S$5,783. The median gross monthly income from work for Singaporeans who work full-time, including employer CPF payments, is S$4,563. 

    3How much salary is required to obtain a work permit in Singapore?

    The minimum salary requirement to obtain a work permit in Singapore is usually S$3,600 per month. However, this rule has certain exemptions based on the type of job and the hiring company. For example, the salary requirement may be lowered for certain degree holders, newly-graduated students, and even certain international professionals.

    In such cases, the salary requirement may be reduced to S$2,200 monthly. The employer may also request additional documents such as educational qualifications, proof of skilled employment, and even a medical certificate from the employee. 

    4Why is income so high in Singapore?

    Singapore is a global finance, business, and transport hub with a high-income economy, low tax rates, and a highly educated workforce, all of which contribute to its high income. Singapore also offers many government subsidies and incentives to businesses. It strongly focuses on Technology and innovation, further boosting its economic competitiveness.

    Additionally, Singapore's government actively promotes entrepreneurship and economic growth, which helps to create more jobs and fuel higher incomes. These factors combine to make Singapore an attractive destination for people seeking higher incomes. 

    Profile

    Abhresh Sugandhi

    Author

    Abhresh is specialized as a corporate trainer, He has a decade of experience in technical training blended with virtual webinars and instructor-led session created courses, tutorials, and articles for organizations. He is also the founder of Nikasio.com, which offers multiple services in technical training, project consulting, content development, etc.

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