earning, salary, salaries

Industries that saw salary increases in 2021 include computer/IT, manufacturing, banking & finance, and public services among others.

According to JobStreet's Salary Report 2022, released on Wednesday (23 February 2022), 49.9% of jobs in Singapore saw an increment in their salaries in Q1-Q3 2021, compared to the same period in 2020.

For example, 51% of admin/HR jobs saw an increase in salaries in that period, while 11% saw no change, and 38% saw a decrease. Looking at pay cuts, the data was similar — with 51% noting a pay cut, 11% noting no change, and 38% noting a decrease in pay cuts.

Among markets surveyed in Southeast Asia — Malaysia, Indonesia, the Philippines, Thailand, and Hong Kong, Singapore emerged top with the most salary increases in job ads. These industries with salary increases include computer/IT, manufacturing, banking & finance, and even the public services and transportation industries that had large volumes of job ads, in Q1-Q3 2021.

The average salary growth by industry with positive salary change stood at 9.4%.

The report further detailed the following:

Top salary growth in Singapore by industry and position level (2021 vs 2020, median)

While entry-level (less than one year of experience) to senior-executive roles in healthcare observed salary growth in 2021, those in the managerial level saw a 0% growth, and senior managerial level saw a 5.6% decrease in salary growth from 2020.

   Entry level (S$) Junior executive (S$) Senior executive (S$) Manager (S$) Senior manager (S$)
Education +6% +31.7% +20% 10.5% +6.3%
Telecoms +4.4% +16.3% +17% +7.7% +25%
Marketing & advertising +3.7% +8.3% 0% +15% +17.9%
Banking & finance 0% +2.9% +14.6% +10% +7.4%
Retail & trade +4.7% +3.6% +5.3% +11.4% +18.8%
Hospitality +5.1% +5.7% +7.1% 0% 0%
Consumer goods 0% +3.3% +6.3% +3% 0%
Public service +2.1% +7.3% +3.9% +2.3% +0.5%
Transportation +4.7% +3.5% +2.4% +4.4% 0%
Healthcare +4.4% +4.6% +4.7% 0% -5.6%

 *Junior executive: one to four years of experience.

Top 10 salaries in Singapore by specialisation and position level (median)

The computer/IT specialisation has seen the highest median salaries earned among all specialisations analysed, with entry-level workers earning S$3,150 and senior managers earning S$10,750.

On the other hand, the admin/HR specialisation comes in eighth, with entry-level roles earning S$2,300 monthly, and senior managers earning S$9,500.

   Entry level (S$) Junior executive (S$) Senior executive (S$) Manager (S$) Senior manager (S$)
Computer/IT  3,150 4,250 6,000 7,300 10,750
Accounting/finance 3,000 3,200 4,500 7,000 10,800
Engineering 2,500 3,600 5,000 6,500 9,250
Sciences 2,500 4,000 5,050 6,500 8,450
Building/construction 3,000 3,500 4,500 6,250 9,000
Sales/marketing 2,750 3,250 4,200 5,880 9,000
Healthcare 2,500 3,450 4,500 6,000 8,500
Admin/HR 2,300 2,850 4,200 6,000 9,500
Manufacturing 2,250 3,000 4,250 6,000 9,000
Services 2,250 2,850 4,000 6,000 9,100

Top 10 salaries in Singapore by industry and position level (median)

 Here, senior managers in telecommunications typically earn a media salary of S$11,250 per month, higher than those in banking/finance (S$10,850), computer/IT (S$9,500), and seven other industries.

   Entry level (S$) Junior executive (S$) Senior executive (S$) Manager (S$) Senior manager (S$)
Telecommunications 2,400 3,750 5,850 7,000 11,250
Banking/finance 3,100 3,500 5,500 7,150 10,850
Computer/IT 2,850 3,750 5,750 6,750 9,500
Public service 2,400 3,700 5,350 6,550 9,750
Consulting 2,850 3,250 5,250 6,250 9,250
Entertainment 2,650 3,250 4,775 6,000 10,050
Oil & gas 2,400 3,300 4,700 6,725 9,500
Industrial machinery & equipment 2,600 3,000 4,500 6,000 10,500
Consumer goods 2,300 3,150 4,250 6,000 10,500
Electrical/electronics 2,500 3,400 5,000 6,500 8,750

Salary breakdown by industry, specialisation, and position level

Finance

Junior executives specialising in computer/IT in this industry are paid S$4,500, same as their counterparts in oil & gas and science & technology. They are the highest-paid junior executives of all industries, according to the report.

   Entry level (S$) Junior executive (S$) Senior executive (S$) Manager (S$) Senior manager (S$)
Overall 3,100 3,500 5,500 7,200 10,900
Accounting/finance 3,500 3,550 5,100 7,150 10,900
Admin/HR 2,200 2,640 4,400 6,250 11,000
Computer/IT 3,250 4,500 6,200 7,700 10,900
Hotel/restaurant 2,000 2,0050 2,675 - -
Sales/marketing 3,500 3,500 4,750 6,400 9,750
Services 2,600 2,900 4,325 5,750 10,800
Consumer goods 2,300 3,150 4,250 6,000 10,500
Electrical/electronics 2,500 3,400 5,000 6,500 8,750

Chemicals

Senior executives specialising in Services had the highest salary increment in the industry at +18.1% (S$650).

   Entry level (S$) Junior executive (S$) Senior executive (S$) Manager (S$) Senior manager (S$)
Overall 2,400 3,150 4,400 6,000 9,000
Accounting/finance - 3,250 4,600 6,104 -
Engineering 2,675 3,300 4,750 5,500 -
Manufacturing 2,250 2,950 4,400 - -
Sales/marketing - 3,300 4,000 5,500 -
Sciences 2,400 2,750 4,250 - -
Services 2,450 3,350 4,250 6,500 -

Computer/IT

 All position levels specialising in computer/IT are paid the most compared to other specialisations in the industry, except for senior managers.

  Entry level (S$) Junior executive (S$) Senior executive (S$) Manager (S$) Senior manager (S$)
 Overall 2,850 3,750 5,750 6,750 9,500
Accounting/finance 2,600 3,135 5,000 7,113 10,000
Admin/HR 2,350 3,150 4,300 5,700 9,000
Computer/IT 3,250 4,200 6,000 7,200 9,500
Engineering 2,750 3,500 5,400 6,000 -
Manufacturing - 3,250 4,900 5,900 -
Sales/marketing 3,000 3,500 4,600 6,000 9,000
Services 2,400 2,700 4,175 5,780  

Construction/building

Managers specialising in accounting/finance had the highest salary increment in the industry at +14.3% (S$750).

 Entry level (S$) 

Junior executive (S$) 

Senior executive (S$) 

Manager (S$) 

Senior manager (S$) 

Overall 

2,600

3,300

4,400

6,250

9,000

Accounting/finance 

2,250

2,850

4,250

6,000

-

Admin/HR 

2,100

2,600

3,750

5,700

-

Building/construction 

3,100

3,550

4,500

6,500

8,500

Computer/IT 

3,000

3,750

5,500

7,500

-

Engineering 

2,600

3,500 

4,500

6,000

9,000

Manufacturing 

2,250

3,000

4,000

5,750

-

Sales/marketing 2,850 3,200 4,000 5,300 8,900
Services 2,250 2,700 4,500 6,250 -

Consulting

Senior managers specialising in accounting/finance have the highest salaries compared to senior managers in other industries and specialisations at S$13,000.

 Entry level (S$) 

Junior executive (S$) 

Senior executive (S$) 

Manager (S$) 

Senior manager (S$) 

Overall 

2,850

3,250

5,250

6,250

9,250

Accounting/finance 

3,000

3,000

4,200

6,000

13,000

Admin/HR 

2,400

2,850

4,250

5,800

-

Building/construction 

3,450

3,500

4,850

-

-

Computer/IT 

3,200

4,000

6,000

7,500

9,500

Engineering 

2,500

3,355

5,000

6,000

-

Manufacturing 

2,150

2,900

3,925

4,750

-

Sales/marketing 3,175 3,250 4,425 5,750 7,625
Services 2,500 3,250 4,250 6,000  

Telecommunications

Senior executives specialising in computer/IT are paid S$6,250, the highest among all industries, the same as their counterparts in the entertainment industry.

 Entry level (S$) 

Junior executive (S$) 

Senior executive (S$) 

Manager (S$) 

Senior manager (S$) 

Overall 

2,425

3,750

5,850

7,000

11,250

Accounting/finance 

2,500

3,550

4,800

6,975

10,000

Admin/HR 

-

3,275

4,800

6,750

-

Computer/IT 

3,060

4,250

6,250

7,250

11,500

Engineering 

2,700

3,750

5,250

7,250 

-

Sales/marketing 

3,750

3,250

4,700

6,500

9,050

Services 

2,250

2,600

4,050

6,600

-


Healthcare

Managers in this industry, specialising in engineering, had the highest monthly income at S$10,250 in 2021, compared to their counterparts in other industries.

 Entry level (S$)

Junior executive (S$)

Senior executive (S$)

Manager (S$)

Senior manager (S$)

Overall

2,400

3,400

4,450

6,000

8,500

Accounting/finance

2,575

3,100

4,200

6,000

9,000

Admin/HR

2,250 

3,300

4,100

5,800

7,750

Arts/media/communications 

-

3,700

4,000

6,250

-

Building/construction

-

4,000

4,500

5,980

-

Computer/IT

3,875

3.975

4,800

6,350

10,000

Engineering 

2,650

3,500

5,150

10,250

-

Healthcare 2,500 3,400 4,500 6,000 8,250
Manufacturing 2,050 3,276 5,000 6,275 -
Sales/marketing 3,000 3,600 4,250 6,000 9,000
Sciences 2,550 3,700 4,500 5,850 9,000
Services 2,200 3,000 4,150 5,825 -

Public service

Entry Level workers specialising in engineering in this industry had the highest jump in salary at +23.4% (S$550).

 Entry level (S$) 

Junior executive (S$) 

Senior executive (S$) 

Manager (S$) 

Senior manager (S$) 

Overall 

2,400

3,700

5,350

6,500

9,900

Accounting/finance 

2,250

3,250

4,500

6,950

10,000

Admin/HR 

2,250

3,150

4,350

6,100 

10,400

Building/construction 

-

3,700

4,700

6,750

-

Computer/IT 

2,700

4,350

6,150

7,400

10,525

Education/training 

-

3,200

4,250

5,800

-

Sales/marketing

-

3,150

4,600

6,050

9,050

Sciences 2,900 3,800 5,150 6,400 10,550
Services 2,150 2,975 4,500 5,650 -

 


The full breakdown for more industries such as advertising & marketing, oil & gas, real estate, and more, can be found here

The Salary Report 2022, Singapore edition, was developed by JobStreet Singapore, and compiled from JobStreet’s latest salary data between Q1 -Q3 2021 and the same period in 2020. All salary data is extracted from salary requirements from JobStreet employer’s job ads in the internal database.


Photos / 123rf.com

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