The highest paying sectors in Singapore this year

Despite the continuously evolving Singapore market, the overall level of activity in the local hiring market has been fairly static.

According to the latest salary guide released by Morgan McKinley, while the overall salaries have not changed dramatically, there are a few areas with particularly high demand such as in the digital, healthcare and private banking sectors.

"Any headline figure on salary growth is rather misleading in the current economic climate," commented Andrew Evans, COO Morgan McKinley South Asia.

"Jobseekers at early or mid-career level are strongly advised to think more in terms of career progression.

"It’s also worth noting that the contracting market is seeing more and more traction as employers (and job seekers) appreciate the benefits of flexible working," he added.

ALSO READ: HR directors in Singapore can earn up to S$25,000 per month in 2016

Permanent roles with the highest salaries (per annum in SGD) in Singapore:

Human resourcesRegional chief human resources officer (15 years+ experience): $315k+Regional head of compensation & benefits (15 years+ experience): $235k+Head of shared services (10-15 years experience): $120k - $180kCountry HR director (10-15 years experience): $125k - $175k

Banking & financial servicesDirector/senior director of technical accounting: $250k - $400kSVP/director of fund/trust accounting: $200k - 260kFront office - investment banking /M&A /equity capital markets MD (upper brand): $750kFront office - investment banking /M&A /equity capital markets MD (lower brand): $500k

Finance & accountingCFO/ VP finance (15 years+ experience): $330k - $500k+Finance Director (15 years+ experience): $240k - $350kCFO/ VP finance (11-15 years experience): $280k - $350k+Finance Director (11-15 years experience): $200k - $260k

ITHead of application support (FO) (Senior director / MD ): $350k - $500kProgram manager (Senior director / MD ): $350k - $500kHead of infrastructure (Senior director / MD ): $390k - $450kHead of development (Senior director / MD ): $350k - $450kSenior director / MD  of aplication support vendor management:$300k - $450k

Sales & marketingRegional head of marketing - executive director (20+ years) in banking & financial services (marketing): $350k - $600kDigital marketing director (> 15 years) in banking & financial services (digital marketing): $250k - $350kHead of strategy /panning (15+ years) in an advertising agency: $200k - $380kGeneral manager/ associate director/ managing director/ senior director (10+ years) in retail & consumer sales: $180k - $350k +

Supply chain management & procurementLogistics director (15 years+ experience): $180k - $250kSupply chain director (15 years+ experience): $200k - $240kPlanning & S&OP director (11-15 years experience): $190k - $230kSupply chain director (11-15 years experience): $180k - $220k

Project managementSenior programme manager: $180k - $300kProgramme manager: $150k - $250kSenior project manager: $130k - $200kChange manager: $100k - $180k

GovernanceIn-house financial services general counsel: $320k - $450k+In-house financial services senior counsel (10 years+ experience): $220k - 380kDirector/senior director of control room / research: $300k+Director/senior director of compliance advisory: $280k+

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