Talent & Tech Asia Summit 2024
Singapore salary guide 2024: HR, banking & finance, IT, and more

Singapore salary guide 2024: HR, banking & finance, IT, and more

Singapore anticipates a more stable trajectory towards recovery in 2024, coinciding with an expected rise in salaries.

In the face of economic uncertainty, job markets in the Asia Pacific region experienced a slowdown in 2023 as a whole. 

While the job markets in Southeast Asia and especially Singapore, remained buoyant in 2023, they still didn’t manage to reach the demand observed in 2022. However, Singapore anticipates a more stable trajectory towards recovery in 2024, coinciding with an expected rise in salaries, according to latest data by Links International.

According to a Singapore Business Federation survey cited, 67% of employers have plans to increase salaries, averaging a 6% increment. Of the remaining, 32% intend to maintain current salary levels, while 1% were considering salary cuts.

In that vein, the 2024 Salary Guide by Links International provides insights into the state of the present job market, predictions on what to watch out for and salary ranges in the coming year — with data for sectors in Singapore as follows.

*All currencies hereon out are in SGD, with the data reflecting estimated annual salaries.

Human resources, administration & business support

RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
HR Director150,000190,000290,000
Human Resources Business Partner/
HR Manager
Talent acquisition/recruitment50,000100,000170,000
Compensation & benefits/Payroll50,000120,000170,000
HR Executive50,00070,00090,000
Legal Secretary60,00070,00090,000

Banking, finance & accounting


RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
Chief Financial Officer290,000380,000480,000
Finance director240,000270,000300,000
Financial controller160,000200,000230,000
Senior accountant70,00090,00090,000
Senior financial analyst90,000100,000110,000

Corporate banking, private banking & wealth management

RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
Head of Compliance250,000350,000450,000
Quality Assurance/Testing - VP/Director160,000250,000350,000

Operational risk

RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
Chief Risk Officer240,000360,000480,000

Internal audit

RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
Corporate Banking - VP/Director150,000220,000300,000
Investment Banking & Wealth/
Fund Management - VP/Director

Investment banking/capital markets

RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
Head of Compliance250,000350,000450,000

Information & technology

RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
Analyst programmer60,00070,000100,000
System analyst80,00090,000100,000
System engineer50,00070,000120,000
Head of IT
IT manager110,000130,000150,000

Sales & marketing

RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
Marketing Director120,0001160,000230,000
Marketing Manager80,000100,000190,000
Digital Marketing Director130,000180,000260,000

Business development

RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
Commercial Director (sales & marketing)210,000290,000410,000

Life science and healthcare

Medical / technical / commercial

RoleEntry (Tier 1)Senior (Tier 2)Veteran (Tier 3)
General Manager230,000350,000490,000
Business Unit Lead/Business Unit Director170,000220,000320,000
Head of Sales/Sales Director140,000180,000230,000
Head of Marketing/Marketing Director130,000170,000230,000
Sales Manager (+10 years)100,000 + comms120,000 + comms130,000 + comms
R&D Director120,000170,000250,000

Lead image / 123rf.com

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