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Part of PageGroupwww.michaelpage.com.sg
Singapore Salary Benchmark
2 | Michael Page Singapore Salary Benchmark 2020
AboutThe Michael Page Salary Benchmark is our annual salary report developed to provide hiring managers and candidates with salary references across various industries by job functions, including Finance, Technology, Human Resources, Sales and more.
The report also includes an overview of market trends, hiring demands and job seekers’ sentiments within each industry. This year’s Michael Page Salary Benchmark is available in 13 markets across the Asia Pacific: Australia, Hong Kong, India, Indonesia, Japan, Mainland China, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.
Report methodologyThe Michael Page Salary Benchmark is derived from 10,000 data points in our proprietary data and network in Singapore, which includes job advertisements and placements made between July 2018 and June 2019, incorporating salary projections for 2020. Job Applicant Confidence Index, insights from our business leaders, our recruiters’ interactions with companies and industry professionals, as well as other supplemental information from our various studies were also taken into consideration.
This year, the salary figures are represented by the minimum, maximum and median where median is a representation of the middle-most value in a set of data, arranged in ascending order. This means that, half the people who work in a specific field earns less than the median salary from the minimum, while the other half earns more towards the maximum.
Michael Page Singapore Salary Benchmark 2020 | 3
Job Applicant Confidence Index ������������������������������������������������� 5
Infographic: What is the Singapore workforce thinking? ��������������� 6
Chemicals & Engineering ������������������������������������������������������������ 8
Fast Moving Consumer Goods (FMCG) ������������������������������������� 22
Financial Services & Fintech ������������������������������������������������������ 35
Healthcare & Life Sciences ������������������������������������������������������� 53
Retail ���������������������������������������������������������������������������������������� 65
Services ����������������������������������������������������������������������������������� 76
Technology, Media & Telecommunications �������������������������������� 91
Contracting ����������������������������������������������������������������������������� 105
Contents
4 | Michael Page Singapore Salary Benchmark 2020
Singapore invests in planning and partnership
As we enter a brand new decade, it’s exciting to be presenting another Salary Benchmark for Singapore. This time around we have continued to refine and enhance the look and feel of the report. Aside from our trademark look at indicative salary levels by industry and discipline, we’ve this year taken a dive into the important world of EX, or the Employee Experience.
At the talent end of the market that PageGroup operates in, we continually remind our hiring partners that in areas of hot demand, it is still very much a candidate’s market where hiring is concerned. Many businesses are wisely facing market pressures head on, by investing in crucial skillsets – bringing into their team those who can boost sales, drive digital transformation process, leverage key value data, or sure up their cybersecurity.
Asked what these profiles look for aside from salary, we underline key areas. It’s key to articulate the company’s values, and where they fit into that story. Having a sense of their development plan, and their exposure to tools and problem-solving will be key. And then be ready to move when you’re certain – those who can get to a yes with certainty will often win the race for top talent.
Of course, the best way to hire is always to retain and develop your core team and remain mission-focused. We speak a lot of the importance of a fair and positive culture, and frequently notice the impact that inspiring and empathetic managers have. If times are less certain, good leaders do help you lean towards staying put.
While the macroeconomic outlook is less certain, we retain a cautiously optimistic view for talent, buoyed by a stable outlook, a dynamic region, and the emphasis on forward planning and partnership that stretches into further areas of added value for industry. While spending may be more cautious for a while, there are positive signs in the services sector and business development roles. Plus Singapore is constantly honing its value proposition as a base for regional and global services: and a perfect high-tech, high-end manufacturing hub.
In areas of hot demand, it’s very much a candidate’s market. Many businesses are facing market pressures head on by investing in crucial skillsetsNilay Khandelwal Managing DirectorMichael Page Singapore
Michael Page Singapore Salary Benchmark 2020 | 5
50% ARE INCLINED TO WORK OVERSEAS IN 202062% BELIEVE THEY WILL TAKE LESS THAN THREE MONTHS TO FIND A NEW JOB vs 53% in 2019
55% FORESEE THEMSELVES HAVING BETTER CAREER PROGRESSION IN 2020 vs 51% in 2019
55% ARE POSITIVE ABOUT THE JOB MARKET vs 58% in 2019
A measure of how optimistic job applicants in Singapore are about the job market.
THE MICHAEL PAGE JOB APPLICANT CONFIDENCE INDEX
6 | Michael Page Singapore Salary Benchmark 2020
What is the Singapore workforce thinking?
59%
45%think they have maximum autonomy and highly impactful contributions
OF FEMALES
OF MALES
feel they HAVE THE FREEDOM
to take a work break anytime
36%feel they have NO FREEDOM to take breaks during work hours
75%GEN XMILLENNIALS
PROFESSIONAL DEVELOPMENT
38%respondents feel their potential was not maximised
VS
of entry to middle management says their company neglected their professional coaching and development
OBJECTIVE FOR A LEADERSHIP TEAM
PROFIT AND REVENUE
Having a CLEAR DIRECTION AND VISION
53% 96%
MOST IMPORTANT
LEAST IMPORTANT
VS
40%
of professionals in Singapore reportedly work in a
with the following common traits
Collaborative
Problem solving
Accountability
82%HARMONIOUS WORKPLACE
26% 30%
DO COMPANIES LACK DIGITAL ADAPTATION?
from non-tech industries
from tech industries
AGREE AGREE
Michael Page Singapore Salary Benchmark 2020 | 7
TOP CONSIDERATIONS WHEN ACCEPTING A NEW JOB OFFER
Maximisation of skills and abilities
Work culture and team dynamics
do not consider unsatisfactory monetary benefits as a top decision to leave their job
UNFAIRLY APPRAISED 28% feel they were
SAYING GOODBYE
New challenges and industry exposure
claimed they WOULD GIVE THE MANAGEMENT HEADS UP before their official resignation
86%
94%would give HONEST REASONS for leaving
Here are the top factors:
A better opportunity somewhere else
Unhealthy work culture
Skills and abilities not put to good use
Misaligned leadership style / direction
Unhealthy work culture
A better opportunity somewhere else
MILLENNIALS
GEN X
1
2
3
1
2
3
1
2
3
91%
3
30% of respondents from entry to middle management level say their company do not take the effort to get to know them on a personal level
RETENTIORespondents say they would have stayed in their last company if
and there had been
CONCRETE TRAINING AND DEVELOPMENT PLANS for them
EMPLOYEE ENGAGEMENT WAS STRENGTHENED
Conflict management Communication skills
MILLENNIALS GEN X
123
Conflict management
Building relationships
Building relationships
Change management
MOST IMPORTANT SOFT SKILLS
Top 3 hiring trends
Trending skills
Most active hiring functions
Roles in demand
10-15%Sales Manager
Finance Manager
Sales Executive
Marketing Manager
Accountant
1. Unlike the manufacturing sector, innovation centres and R&D positions are both high-growth areas.
2. Chemical and engineering firms need digitisation and automation talent for both office and site functions.
3. Natural resource-heavy sectors in South East Asia will benefit substantially from the current global trade climate.
Oleochemical product
experience
Application management
Ingredients for animal and
human nutrition
Customer ServiceSales & MarketingCorporate Advisory & Strategy
Application & Technical Solution
average salary increase when switching jobs within similar industries
8 | Michael Page Singapore Salary Benchmark 2020
Chemicals & Engineering
Michael Page Singapore Salary Benchmark 2020 | 9
Chemicals & Engineering Salary Tables
C-Suite with ASEAN responsibilities
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Chief Financial Officer 250 325 400
Chief Operating Officer 300 350 400
Chief Executive Officer 400 500 600
Customer Service
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Customer Service Officer 36 54 68
Customer Service Manager 66 78 81
Customer Service Lead 72 82 96
Call Center Supervisor 42 57 66
Aftersales Manager 72 82 84
Engineering & ManufacturingAutomation, Mechatronics & Robotics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Automation Engineer 65 70 75
Senior Automation Engineer 70 75 80
Automation Manager 117 120 156
Engineering Design, Research & Development (R&D)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Chemist 52 70 91
R&D Engineer 65 70 75
R&D Manager 104 130 156
R&D Director 195 234 260
Application / Technical Services Engineer 52 70 91
Application / Technical Services Manager 91 110 156
10 | Michael Page Singapore Salary Benchmark 2020
Chemicals & Engineering Salary Tables
Environment, Health & Safety (EHS)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
EHS Engineer 60 70 75
EHS Manager 104 117 120
EHS Director 195 220 286
Facilities, Field Services & Maintenance
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Maintenance Engineer 50 53 65
Facilities Engineer 50 53 65
Facilities Manager 90 100 120
Field Service Engineer 50 53 65
Field Service Manager 104 110 120
General & Project Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Project Engineer 58 70 78
Project Manager 84 104 117
Project Director 120 200 260
Plant-based Positions
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Chemical Engineer 58 65 70
Electrical Engineer 58 65 70
Mechanical Engineer 58 65 70
Senior Engineer 71 80 97
Engineering Manager 104 125 156
Michael Page Singapore Salary Benchmark 2020 | 11
Chemicals & Engineering Salary Tables
Process & Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Process Engineer 50 53 65
Process Manager 104 110 120
Operations Manager 104 130 156
Operations Director 195 220 300
Plant Manager 170 195 260
Production & Manufacturing
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Manufacturing Engineer 50 53 65
Manufacturing Manager 104 110 120
Product Stewardship & Regulatory Affairs
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Regional Product Stewardship Manager 110 120 143
Regional Regulatory Affairs Manager 110 120 143
Quality Assurance (QA)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
QA Engineer 50 53 65
QA Manager 104 110 120
QA Director 182 208 260
Test & Application
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Test Engineer 58 62 68
Test Manager 104 123 143
Application Engineer 65 71 91
Application Manager 104 123 143
12 | Michael Page Singapore Salary Benchmark 2020
Chemicals & Engineering Salary Tables
Finance & AccountingAnalytics & Business Partnering
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Finance / Business Analyst 48 66 96
Senior Finance / Business Analyst 66 85 100
Financial Planning & Analysis (FP&A) Manager
95 115 130
Financial Planning & Analysis (FP&A) Director
150 200 230
Business Controller 104 156 210
Pricing Manager 90 100 130
Audit, Risk & Control
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Internal Auditor 54 60 75
Senior Internal Auditor 72 85 100
Internal Audit Manager 91 110 130
Internal Audit Director 168 195 234
Risk Governance and Compliance Manager 91 110 156
Head of Risk Governance and Compliance 182 195 260
Internal Control Manager 84 110 120
Enterprise Risk Management Manager 91 110 169
Michael Page Singapore Salary Benchmark 2020 | 13
Chemicals & Engineering Salary Tables
Finance Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Accounts Administrator 30 33 36
Accounts Executive 36 46 48
Accountant, Accounts Payable / Receivable 42 56 72
Manager, Accounts Payable / Receivable 84 91 120
Credit Control Executive 36 46 60
Credit Control Manager 80 110 135
Payroll Executive 36 48 60
Payroll Manager 84 100 140
Cost Accountant 48 64 84
Costing Manager 91 117 130
Cost Controller 78 104 156
Accountant 48 58 74
Senior Accountant 66 74 84
Finance Manager 85 100 120
Senior Finance Manager 110 125 144
Finance Controller 120 156 180
Finance Director 170 200 250
Head of Finance Operations / Head of Shared Services
169 240 260
Chief Financial Officer 250 325 400
Tax & Treasury
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Tax Analyst 48 70 85
Senior Tax Analyst / Assistant Tax Manager 70 85 100
Tax Manager 80 120 180
Indirect Tax Manager 80 120 156
Transfer Pricing Manager 90 120 156
Head of Tax / Tax Director 180 210 250
Treasury Analyst 48 60 72
Senior Treasury Analyst 60 76 91
Treasury Manager 91 120 156
Head of Treasury / Treasury Director 182 195 260
14 | Michael Page Singapore Salary Benchmark 2020
Chemicals & Engineering Salary Tables
Finance Transformation Corporate Strategy & Advisory
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Systems Finance Manager 90 120 156
Change Management Leader 90 156 195
Finance Transformation Manager 130 180 230
Mergers & Acquisitions (M&A) Analyst 72 80 110
Mergers & Acquisitions (M&A) Manager 104 130 156
Head of Mergers & Acquisitions (M&A) / Mergers & Acquisitions (M&A) Director
182 220 260
Human Resources (HR)Compensation & Benefits (C&B)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
C&B Specialist 60 72 84
Senior C&B Analyst 85 95 100
Assistant C&B Manager 90 100 110
Human Resources Business Partner (HRBP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
HRBP 80 100 120
HRBP Lead 120 135 150
Human Resources (HR) Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
HR Executive 48 60 70
Assistant HR Manager 72 80 85
HR Manager 90 100 120
HR Director 160 200 240
Michael Page Singapore Salary Benchmark 2020 | 15
Chemicals & Engineering Salary Tables
Talent Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Recruiting Coordinator 48 60 70
Talent Acquisition Specialist 48 60 70
Director Talent Development 120 135 150
Senior Training Executive 48 60 70
LegalCompliance
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Compliance Manager 90 100 140
Senior Compliance Manager 130 155 180
Head of Compliance 200 250 300
In-house
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Legal Advisor 91 98 105
Legal Counsel 110 115 120
Senior Legal Counsel 180 212 250
General Counsel 230 280 330
MarketingCommunications
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing Communications Manager 80 105 130
Marketing Communications Director 130 150 164
Corporate Communications Manager 85 97 110
Corporate Communications Director 200 250 295
16 | Michael Page Singapore Salary Benchmark 2020
Chemicals & Engineering Salary Tables
Digital, Online & Social Media
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Engineer 60 70 72
Digital Marketing Manager 72 87 156
Marketing Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing Executive 36 55 75
Marketing Manager 84 100 180
Channel Marketing Manager 100 107 115
Marketing Director 130 190 250
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Marketing Executive 65 70 75
Product Marketing Manager 78 137 169
Senior Product Marketing Manager 127 167 207
Strategy & Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Market Research Analyst 72 96 120
Head of Marketing Insights and Analytics 150 165 180
Assistant Partnerships Manager 60 75 90
Head of Partnerships 150 175 200
Michael Page Singapore Salary Benchmark 2020 | 17
Chemicals & Engineering Salary Tables
Procurement & Supply ChainLogistics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Logistics Executive 58 60 71
Logistics Manager 91 120 140
Regional Logistics Manager 130 143 195
Regional Trade Compliance Manager 117 156 200
Procurement
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Procurement Executive 58 60 71
Commodity Manager 91 100 117
Procurement Manager 91 100 117
Indirect Procurement Manager 91 110 120
Regional Commodity / Sourcing Manager 130 156 195
Head of Commodity / Sourcing 182 234 270
Supply Chain Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Supply / Demand Planner 58 65 71
Regional Supply / Demand Planner 65 71 78
Supply Chain Manager 104 117 130
Regional Supply Chain Manager 117 144 182
Supply Chain Director 195 260 320
Inventory Manager 91 104 110
18 | Michael Page Singapore Salary Benchmark 2020
Chemicals & Engineering Salary Tables
SalesAccount Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Account Manager 60 80 100
Senior Account Manager 100 120 140
Key Account Manager 80 100 120
Key Account Director 140 170 200
Business Development
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Business Development Manager 70 95 120
Regional Business Development Manager 80 110 140
Senior Business Development Manager 100 130 160
Business Development Director 130 175 220
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Manager 96 100 120
Product Lead 150 175 240
Sales Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Inside Sales Executive 50 70 90
Sales Executive 60 75 90
Sales Manager 60 80 100
Regional Sales Manager 80 100 120
Territory Sales Manager 80 100 120
Channel Sales Manager 90 135 180
Sales Operations Manager 100 150 200
Commercial Director 160 220 280
Head of Sales 140 180 220
Sales Director 150 200 250
General Manager Sales 180 240 300
Michael Page Singapore Salary Benchmark 2020 | 19
Chemicals & Engineering Salary Tables
Technical Sales
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Sales Engineer 60 80 100
Senior Sales Engineer 70 95 120
Secretarial & Business Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Junior Sales Support Executive 30 50 58
Administrator 38 54 66
Office Administrator 38 54 66
Office Administration and Human Resources Support
38 60 66
Receptionist 30 48 58
Administration Assistant 38 54 66
Executive Assistant 72 100 134
Personal Assistant 60 72 114
Team Assistant 60 69 78
Technology
Data Management & Business Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Database Administrator 72 94 120
Data Engineer 90 120 150
Data Architect 120 140 180
Data Scientist 90 110 150
Lead Data Scientist 120 155 200
Data Analytics Manager 90 115 150
Business Intelligence (BI) Developer / Analyst
78 86 96
20 | Michael Page Singapore Salary Benchmark 2020
Chemicals & Engineering Salary Tables
Digital Strategy & Transformation
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Transformation Specialist 120 140 250
Head of Digital 180 220 300
General & Project Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Manager 120 140 180
IT Project Manager 85 116 150
IT Manager 90 115 150
IT Business Partner 150 175 200
Technology Lead 180 230 300
Solution Consulting & Architecture
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Solution Delivery Manager 85 110 150
Solution Architect 96 120 150
Solution Architect (Software) 96 120 150
Cloud Architect 90 125 150
Enterprise Architect 120 150 200
Enterprise Resource Planning (ERP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
ERP Specialist 80 112 150
Business Analyst 100 110 120
Head of ERP 120 150 200
Michael Page Singapore Salary Benchmark 2020 | 21
Chemicals & Engineering Salary Tables
Application Development & Web Building
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Software Engineer 48 84 120
Senior Software Engineer 72 120 180
Web Developer 54 70 90
Back End Developer 72 89 108
Full Stack Developer 72 89 108
System Analyst 72 89 108
Service Delivery Manager 120 135 150
IT Systems & Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Support Engineer 36 48 50
Senior IT Support Engineer 48 60 72
Desktop Support Engineer 30 45 60
Application Support Engineer 36 60 84
Network Engineer 48 66 84
System Administrator 48 60 72
IT Security
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Security Analyst 70 90 120
IT Security Manager 144 155 180
IT Auditor 72 94 120
IT Testing
Role
Base salary range for 12 months (SGD'000)
Min Median Max
System Test Engineer 40 52 60
Software Tester 50 67 80
Functional Test Engineer 60 77 90
Top 3 hiring trends
Trending skills
DigitalTechnologySales & Marketing Procurement & Supply Chain
Roles in demand
Demand Planning Manager
E-commerce Manager
Finance Manager
Accountant
Area Manager
1. High demand for talent experienced in disruptive technology and agile business models.
2. Influencer and social media marketing are key skills for marketers, particularly in Return on Investment (ROI) measurement.
3. Business development talent need to adopt an omnichannel approach and work with e-commerce players.
Financial analysis
Supply chain management
E-commerce and online insights
Most active hiring functions
average salary increase when switching jobs within similar industries
10-15%
22 | Michael Page Singapore Salary Benchmark 2020
Fast Moving Consumer Goods (FMCG)
Michael Page Singapore Salary Benchmark 2020 | 23
C-Suite
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Chief Product Officer 250 277 300
Chief Financial Officer 250 325 400
Customer Service
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Customer Service Officer 45 54 68
Customer Service Manager 66 78 81
Customer Service Lead 72 82 96
Call Center Supervisor 42 57 66
Aftersales Manager 72 82 84
Engineering & Manufacturing
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Automation Engineer 65 70 75
Food Technologist 52 65 78
Application Specialist 117 130 200
Engineering Manager 104 125 156
Automation Manager 117 120 156
Environment, Health and Safety (EHS) Manager
104 117 120
Regional Environment, Health and Safety (EHS) Manager
160 180 200
Facilities Manager 90 100 120
Operations Manager 104 130 156
Plant Manager 170 195 260
Regional Operations Manager 195 220 300
Manufacturing Manager 104 110 120
Quality Assurance (QA) Manager 104 110 120
Quality Assurance (QA) Director 182 208 260
Regional Regulatory Affairs (RA) Manager 110 120 143
Fast Moving Consumer Goods(FMCG) Salary Tables
24 | Michael Page Singapore Salary Benchmark 2020
Finance & AccountingAnalytics and Business Partnering
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Finance / Business Analyst 48 66 96
Senior Finance / Business Analyst 66 85 100
Financial Planning & Analysis (FP&A) Manager
95 115 130
Financial Planning & Analysis (FP&A) Director
150 200 230
Business Controller 104 156 210
Pricing Manager 90 100 130
Audit, Risk & Control
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Internal Auditor 54 60 75
Senior Internal Auditor 72 85 100
Internal Audit Manager 91 110 130
Internal Audit Director 168 195 234
Risk Governance and Compliance Manager 91 110 156
Enterprise Risk Management Manager 91 110 169
Head of Risk Governance and Compliance 182 195 260
Internal Control Manager 84 110 120
Fast Moving Consumer Goods(FMCG) Salary Tables
Michael Page Singapore Salary Benchmark 2020 | 25
Finance Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Accounts Administrator 30 33 36
Accounts Executive 36 46 48
Accountant, Accounts Payable / Receivable 42 56 72
Manager, Accounts Payable / Receivable 84 91 120
Credit Control Executive 36 46 60
Credit Control Manager 80 110 135
Payroll Executive 36 48 60
Payroll Manager 84 100 140
Cost Accountant 48 64 84
Costing Manager 91 117 130
Cost Controller 78 104 156
Revenue Accountant 60 105 108
Revenue Manager 91 102 130
Accountant 48 58 74
Senior Accountant 66 74 84
Finance Manager 85 100 120
Senior Finance Manager 110 125 144
Finance Controller 120 156 180
Finance Director 170 200 250
Head of Finance Operations / Head of Shared Services
169 240 260
Chief Financial Officer 250 325 400
Fast Moving Consumer Goods(FMCG) Salary Tables
26 | Michael Page Singapore Salary Benchmark 2020
Tax & Treasury
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Tax Analyst 48 70 85
Senior Tax Analyst / Assistant Tax Manager 70 85 100
Tax Manager 80 120 180
Indirect Tax Manager 80 120 156
Transfer Pricing Manager 90 120 156
Head of Tax / Tax Director 180 210 250
Treasury Analyst 48 60 72
Senior Treasury Analyst 60 76 91
Treasury Manager 91 120 156
Head of Treasury / Treasury Director 182 195 260
Finance Transformation Corporate Strategy & Advisory
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Systems Finance Manager 90 120 156
Change Management Leader 90 156 195
Finance Transformation Manager 130 180 230
Mergers & Acquisitions (M&A) Analyst 72 80 110
Mergers & Acquisitions (M&A) Manager 104 130 156
Head of Mergers & Acquisitions (M&A) / Mergers & Acquisitions (M&A) Director
182 220 260
Fast Moving Consumer Goods(FMCG) Salary Tables
Michael Page Singapore Salary Benchmark 2020 | 27
Human ResourcesCompensation & Benefits (C&B)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
C&B Specialist 60 72 84
Senior C&B Analyst 85 95 100
C&B Manager 100 120 140
Human Resources Business Partner (HRBP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
HRBP 80 100 120
HRBP Lead 120 135 150
Human Resources (HR) Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
HR Executive 48 60 70
Assistant HR Manager 72 80 85
HR Manager 90 100 120
HR Director 160 200 240
Talent Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Recruiting Coordinator 40 55 65
Talent Acquisition Specialist 48 60 70
Senior Training Executive 48 60 70
Director Talent Development 120 135 150
Fast Moving Consumer Goods(FMCG) Salary Tables
28 | Michael Page Singapore Salary Benchmark 2020
LegalCompliance
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Compliance Manager 100 120 140
Senior Compliance Manager 150 165 180
Head of Compliance 220 260 300
In-house
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Legal Advisor 91 98 105
Legal Counsel 110 115 120
Senior Legal Counsel 180 212 250
General Counsel 230 280 330
MarketingBrand Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Brand Executive 42 48 54
Assistant Brand Manager 45 60 75
Brand Manager 60 78 96
Senior Brand Manager 90 111 132
Fast Moving Consumer Goods(FMCG) Salary Tables
Michael Page Singapore Salary Benchmark 2020 | 29
Digital, Online & Social Media
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Marketing Executive 50 60 70
Digital Marketing Specialist 72 105 140
Digital Marketing Manager 108 128 144
Digital Content Manager 112 120 132
Digital Project Manager 72 82 84
E-commerce Data Analyst 50 82 110
Senior E-commerce Executive 65 75 80
E-commerce Manager 78 109 168
Head of E-commerce 150 200 250
Marketing Communications
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Assistant Communications Manager 36 46 48
Marketing Generalists
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior Marketing Executive 42 51 60
Assistant Marketing Manager 48 60 72
Marketing Manager 78 89 108
Head of Marketing 120 156 192
Assistant Channel Marketing Manager 75 87 100
Channel Marketing Manager 80 106 132
Trade Marketing Executive 42 47 54
Assistant Trade Marketing Manager 66 78 91
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Marketing Executive 45 57 65
Product Marketing Manager 60 71 78
Fast Moving Consumer Goods(FMCG) Salary Tables
30 | Michael Page Singapore Salary Benchmark 2020
Procurement & Supply ChainLogistics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Logistics Coordinator 48 55 60
Logistics Executive 30 35 38
Senior Logistics Executive 48 53 54
Assistant Logistics Manager 48 60 72
Logistics Manager 79 94 102
Logistics Director 144 187 220
Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Operations Executive 36 41 48
Operations Manager 84 88 150
Operations Director 180 198 216
Order Management Specialist 36 48 60
Supply Chain Project Executive 42 54 60
Export Specialist 60 67 72
Procurement
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Commodity Specialist 54 61 66
Commodity Manager 96 121 144
Procurement Executive 72 93 120
Senior Procurement Executive 73 96 130
Procurement Analyst 48 53 54
Assistant Procurement Manager 60 70 78
Procurement Manager 78 98 120
Head of Procurement 96 112 140
Director Procurement and Supply Chain 200 250 300
Indirect Procurement Manager 72 80 96
Fast Moving Consumer Goods(FMCG) Salary Tables
Michael Page Singapore Salary Benchmark 2020 | 31
Supply Chain Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Supply Chain Executive 36 41 42
Supply Chain Coordinator 39 44 45
Supply Chain Manager 60 75 91
Vice President Supply Chain and Operations
204 224 240
Supply Chain Planner 48 51 54
Senior Supply Chain Planner 60 65 70
Supply Chain Planning Manager 84 109 132
Inventory Controller 36 46 48
Assistant Supply Planning Manager 72 90 108
Assistant Demand Planning Manager 72 90 108
SalesAccount Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Account Manager 60 75 90
Key Account Executive 36 46 55
Assistant Key Account Manager 42 45 72
Key Account Manager 55 70 85
Business Development
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior Business Development Executive 45 50 60
Assistant Business Development Manager 50 55 70
Business Development Manager 75 90 105
Fast Moving Consumer Goods(FMCG) Salary Tables
32 | Michael Page Singapore Salary Benchmark 2020
Sales Generalists
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Sales Executive 42 48 75
Sales Assistant Manager 60 75 85
Sales Manager 80 94 108
Sales and Marketing Executive 30 45 48
Sales and Marketing Manager 65 77 85
Area Executive 40 44 50
Area Manager 55 70 84
Assistant Export Manager 48 63 90
Export Manager 80 94 108
Trade Sales Executive 45 55 60
Secretarial & Business Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Administration Executive 42 60 66
Junior Executive Assistant 58 72 90
Executive Assistant 60 84 102
Facilities Coordinator 42 58 66
Office Administrator 48 60 72
Sales Administrator 50 62 70
Team Secretary 54 66 79
TechnologyBusiness Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Business Analyst 80 100 120
Business Analytics Manager 130 140 150
Business Intelligence (BI) Analyst 90 110 120
Business Intelligence (BI) and Data Analytics Manager
90 127 150
Fast Moving Consumer Goods(FMCG) Salary Tables
Michael Page Singapore Salary Benchmark 2020 | 33
Data Management & Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Data Analyst 55 107 120
Data Scientist 90 135 180
Development & Architecture
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Cloud Developer 100 105 110
DevOps Engineer 100 125 150
Head of Software Engineering 90 115 144
Software Manager 100 125 150
Digital Strategy & Transformation
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Transformation Specialist 100 122 140
Enterprise Resource Planning (ERP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
ERP Analyst 60 76 90
ERP Manager 100 120 150
ERP Cloud Technical Lead 100 106 120
ERP Business Process Lead 120 120 150
General & Project Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Project Manager 80 95 110
IT Manager 100 110 120
Head of IT 180 240 300
Fast Moving Consumer Goods(FMCG) Salary Tables
34 | Michael Page Singapore Salary Benchmark 2020
Infrastructure & Networks
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior Infrastructure Manager 90 135 180
Infrastructure Director 150 195 240
IT & Systems
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Pre-sales Engineer 39 49 52
System Analyst 90 95 100
Service Delivery Manager 96 108 120
IT Security
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Security Specialist 80 90 100
IT Security Manager 85 102 120
Head of IT Security 120 180 240
IT Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Support Analyst 40 50 60
Network Engineer 48 60 72
System Engineer 48 60 72
Fast Moving Consumer Goods(FMCG) Salary Tables
Top 3 hiring trends
Trending skills
Most active hiring functions
InsuranceFintechFinancial Services Asset Management
Roles in demand
Know Your Customer Analyst
Fund Accountant
Compliance Manager
Digital Marketing
Software Developer
1. Singapore continues to be the city of choice for private equity, venture capital and hedge funds looking to expand in Asia Pacific.
2. Specialist professionals with governance background are in high demand with new regulations kicking in.
3. Expertise in different transaction platforms, digitisation, Artifical Intelligence (AI) and analytics will be in high demand.
Stakeholder management
Tech savvy with functional
expertise
Emerging market exposure
average salary increase when switching jobs within similar industries
10 -15%
Michael Page Singapore Salary Benchmark 2020 | 35
Financial Services & Fintech
36 | Michael Page Singapore Salary Benchmark 2020
Financial Services & Fintech Salary Tables
C-Suite
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Chief Information Officer 190 270 350
Chief Strategy Officer 200 275 350
Chief Risk Officer 250 300 350
Chief Financial Officer 250 325 400
Head of Private Banking 300 375 450
Head of Financial Institutions 300 375 450
Head of Private Equity / Venture Capital 400 510 620
Front OfficeAnalytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Market Analyst 42 52 54
Investment Analyst 48 100 120
Senior Investment Analyst 80 130 200
Quantitative Analyst 60 100 120
Lead Quantitative Analyst 195 227 300
Capital Markets Associate 100 125 150
Venture Capital Associate 145 150 155
Asset & Fund Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Asset Management Associate 70 90 125
Portfolio Management Associate 75 100 140
Senior Manager Private Fund Management 123 128 130
Vice President Asset Management 180 195 210
Chief Fund Manager 206 248 325
Michael Page Singapore Salary Benchmark 2020 | 37
Financial Services & Fintech Salary Tables
Consumer & Private Banking
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Financial Services Consultant 30 48 60
Senior Financial Services Consultant 60 85 120
Senior Banking Officer 36 48 72
Banking Manager 72 95 120
Banking Associate 100 115 130
Banking Director 150 160 170
Personal Banker 42 60 80
Assistant Relationship Manager 48 60 80
Relationship Manager 42 75 110
Relationship Lead 60 90 120
Assistant Vice President Corporate Banking 70 77 120
Vice President Corporate Banking 82 130 220
Premier Client Manager 60 75 90
Premier Offshore Relationship Manager 72 87 120
Assistant Vice President Portfolio Relationship Management
90 110 130
Assistant Vice President Private Banking Relationship Management
96 111 125
Vice President Private Banking Relationship Management
130 155 210
Director Private Banking Relationship Management
200 255 325
Corporate Strategy & Advisory
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Mergers & Acquisitions (M&A) Analyst 60 92 120
Vice President Mergers & Acquisitions (M&A)
200 250 300
Partnership Sales and Relationship Manager
48 88 120
Partnerships Manager 80 85 90
Head of Partnerships 144 164 180
38 | Michael Page Singapore Salary Benchmark 2020
Financial Services & Fintech Salary Tables
Investment Banking
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Investment Banking Analyst 48 60 70
Investment Banking Associate 80 105 148
Assistant Vice President Investment Banking
108 139 180
Vice President Investment Banking 160 225 250
Investment Banking Director 225 290 375
Head of Investment Banking 300 373 450
Research
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Assistant Vice President Equity / Fixed Income (FI) Research
100 147 180
Associate Director Equity / Fixed Income (FI) Research
200 227 300
Director Equity / Fixed Income (FI) Research 250 285 350
Market Research Analayst 60 75 84
Investment Product Specialist 120 150 180
Sales & Trading
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Sales Consultant 42 52 60
Senior Sales Executive 60 75 84
Product Sales Manager 60 86 120
Sales Manager 80 100 120
Sales Director 150 167 180
Head of Sales 275 347 420
Broker 48 58 60
Institutional Dealer 55 66 84
Trader 45 117 215
Michael Page Singapore Salary Benchmark 2020 | 39
Middle OfficeAnalytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Business Planning Analyst 60 75 84
Business Analyst 72 84 120
Senior Business Analyst 120 167 250
Business Intelligence (BI) Analyst 54 59 72
Business Intelligence (BI) Analytics Manager 80 90 96
Senior Business Intelligence (BI) Developer 180 205 230
Trade Operations Analyst 36 48 60
Trade Support Analyst 36 41 42
Settlements Analyst 42 54 60
Settlements Forecasting Team Lead 54 64 66
Derivatives Settlements Analyst 42 52 58
Liquidity Management Analyst 48 55 60
Venture Capital Analyst 75 87 100
Compliance
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Compliance Officer 48 66 78
Compliance Analyst 70 75 85
Assistant Compliance Manager 60 72 102
Compliance Manager 70 110 150
Assistant Vice President Compliance 78 95 108
Vice President Compliance 96 111 204
Compliance Director 200 275 340
Head of Compliance 250 300 350
Managing Director Compliance 300 350 400
Corporate Secretary 48 55 72
Financial Services & Fintech Salary Tables
40 | Michael Page Singapore Salary Benchmark 2020
Financial Services & Fintech Salary Tables
Corporate Strategy & Advisory
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Change Management Associate 60 70 82
Assistant Vice President Change Management
80 110 130
Corporate Access Analyst 48 63 78
Assistant Manager Corporate Development 60 65 70
Corporate Strategy Executive 60 72 84
Associate Director Corporate Strategy 190 200 210
Vice President Strategy and Operations 200 240 280
Credit Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Credit Analyst 33 43 49
Senior Credit Analyst 45 55 64
Credit Risk Analyst 50 70 96
Credit Risk Analytics Manager 72 88 120
Assistant Vice President Credit Risk 65 80 100
Vice President Credit Risk 100 117 150
Director Credit Risk 120 145 156
Head of Specialised Credit 180 220 265
Credit Control Executive 36 43 48
Senior Credit Controller 48 60 72
Senior Credit Operations Analyst 75 85 90
Credit Manager 72 82 96
Credit Risk Modelling Manager 80 90 100
Margin Executive 45 52 60
Michael Page Singapore Salary Benchmark 2020 | 41
Financial Services & Fintech Salary Tables
Customer Service
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Customer Service Associate 27 37 38
Customer Service Consultant 30 31 33
Customer Service Executive 30 40 42
Customer Service Officer 36 39 45
Client Services Officer 30 42 45
Client Services Specialist 36 46 48
Client Services Manager 120 140 160
Vice President Client Services 130 150 180
Client Experience Specialist 30 32 34
Client Processing Specialist 44 54 60
Transfer Agency Associate 36 42 48
Senior Transfer Agency Associate 48 54 60
Know Your Customer (KYC) &Anti Money Laundering (AML)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
KYC Analyst 30 56 72
Senior KYC Analyst 60 72 80
Assistant Vice President AML 60 74 100
Client Onboarding Officer 30 37 42
Client Onboarding Analyst 36 63 96
Client Onboarding Advisor 50 77 120
Vice President Client Onboarding 130 160 180
Legal
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Paralegal 48 67 85
Company Secretary 80 110 260
Legal Counsel 120 170 220
Senior Legal Counsel 150 195 315
Litigation Counsel 120 160 200
General Counsel 260 310 360
42 | Michael Page Singapore Salary Benchmark 2020
Financial Services & Fintech Salary Tables
Operations - Financial Services
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Investment Operations Associate 48 55 60
Loan Operations Associate 48 55 66
Money Market Operations Associate 48 65 80
Capital Markets Operations Team Lead 80 82 85
Futures and Options Operations Associate 48 70 100
Operations - General
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Operations Officer 36 48 60
Operations Associate 48 72 84
Operations Manager 85 95 120
Vice President Operations 110 180 200
Head of Operations 120 200 350
Operations - Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Data Operations Manager 60 72 110
Operations - Trade Support & Settlements
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Trade Operations Executive 39 40 50
Trade Support Associate 42 60 72
Trade Finance Operations Officer 42 60 72
Senior Trade Finance Operations Officer 48 65 84
Trade Operations Manager 90 125 130
Vice President Trade Operations 130 150 180
Michael Page Singapore Salary Benchmark 2020 | 43
Financial Services & Fintech Salary Tables
Product Control and Valuations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Control Associate 60 78 96
Assistant Vice President Product Control 100 110 130
Vice President Product Control 130 160 200
Valuation Manager 100 115 130
Risk Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Risk Associate 36 53 72
Senior Risk Analyst 42 49 54
Assistant Risk Manager 48 60 80
Risk Manager 60 85 132
Assistant Vice President Risk 70 105 120
Vice President Operational Risk Control 90 100 130
Head of Risk Management 120 150 180
Director Risk Management 192 210 230
Technology - Data Management & Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Data Analyst 54 72 96
Data Engineer 54 72 96
Data Engineering Lead 120 144 204
Database Administrator 72 84 108
Data Scientist 84 108 156
Data Architect 108 120 156
Data Integration Manager 108 144 180
Chief Data Scientist 144 156 180
Technology - Development & Architecture
Role
Base salary range for 12 months (SGD'000)
Min Median Max
DevOps Engineer 90 108 132
Enterprise Architect 132 156 360
44 | Michael Page Singapore Salary Benchmark 2020
Financial Services & Fintech Salary Tables
Technology - Digital Strategy & Transformation
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Transformation Manager 114 126 156
Digital Transformation Specialist 144 180 300
Technology - Engineering
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Head of Software Engineering 156 200 360
Technology - Entreprise Resource Planning (ERP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
ERP Specialist 80 90 100
ERP Manager 84 104 120
Technology - General & Project Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Project Manager 72 96 156
IT Manager 108 120 156
IT Program Manager 96 132 180
Technology - Infrastructure & Networks
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Network Engineer 100 102 105
Network Operations Manager 108 120 132
Network Architect 108 120 156
Infrastructure and Operations Manager 108 120 180
Network Design Lead 120 156 180
Michael Page Singapore Salary Benchmark 2020 | 45
Financial Services & Fintech Salary Tables
Technology - IT & Systems
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior IT Analyst 48 54 78
System Analyst 60 90 96
Senior System Engineer 72 84 120
Technical Architect 84 96 120
Technical Project Manager 84 96 156
Technology - IT Security
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Security Specialist 78 90 120
IT Security Manager 90 120 150
Head of IT Security 150 175 200
IT Audit Manager 108 132 200
IT Risk Governance and Compliance Manager
108 120 150
Technology - IT Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Application Support Specialist 78 90 120
Head of Application Support 100 120 200
Technology - Product, Research & Development (R&D)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Manager 108 120 150
Product Director 132 150 180
46 | Michael Page Singapore Salary Benchmark 2020
Financial Services & Fintech Salary Tables
Technology - Software & Application
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Software Engineer 60 84 120
Head of Software Engineering 144 156 200
Application Manager 96 108 156
Application Architect 120 144 180
Technology - Solution Consulting
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Solution Delivery Manager 108 120 144
Solution Architect 108 120 180
Technology - Web Building
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Back End / Front End Developer 60 84 120
Full Stack Developer 78 90 120
Full Stack Architect 120 150 180
User Experience / User Interface (UX / UI) Designer
60 84 108
User Experience / User Interface (UX / UI) Manager
96 108 120
Middle Office & Back Office
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Loan Operations Analyst 36 45 60
Senior Loan Operations Analyst 60 67 72
Lending Operations Analyst 36 51 60
Operations Analyst 36 66 84
Michael Page Singapore Salary Benchmark 2020 | 47
Financial Services & Fintech Salary Tables
Back OfficeFinance & Accounting - Accounting
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Accounts Officer 36 39 42
Accounts Executive 33 41 48
Accountant 42 60 78
Accounting Supervisor 62 75 84
Accounting Manager 90 100 120
Fund Accountant 48 60 75
Senior Fund Accountant 60 70 85
Vice President Fund Accounting 150 165 180
Senior Vice President Fund Accounting 200 210 220
Fraud Accounting Manager 84 100 120
Finance & Accounting - Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Finance Analyst 36 46 75
Senior Finance Analyst 72 84 90
Financial Planning & Analysis (FP&A) Manager
120 140 160
Trade Finance Analyst 36 44 48
Financial Reporting Associate 42 43 45
Finance & Accounting - Audit & Control
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Internal Audit Officer 48 60 90
Assistant Vice President Internal Audit 72 92 100
Vice President Internal Audit 100 151 220
Financial Controller 140 165 200
Fund Controller 160 180 200
48 | Michael Page Singapore Salary Benchmark 2020
Financial Services & Fintech Salary Tables
Finance & Accounting - Cash Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Cash Operations Analyst 36 48 54
Cash Operations Associate 48 55 60
Cash Operations Team Lead 80 100 120
Finance & Accounting - Claims Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Junior Claims Executive 36 38 40
Claims Executive 40 42 48
Senior Claims Executive 50 55 60
Assistant Claims Manager 60 64 84
Finance & Accounting - Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Finance Administrator 36 39 42
Finance Executive 48 48 60
Assistant Finance Manager 72 85 100
Finance Manager 84 112 140
Vice President Finance Operations 144 151 156
Finance Director 150 250 290
Finance & Accounting - Tax
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Tax Advisory Accountant 60 82 96
Assistant Vice President Tax 120 125 130
Finance & Accounting - Treasury
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Treasury Executive 36 41 43
Senior Treasury Analyst 48 55 60
Treasury Director 180 212 260
Michael Page Singapore Salary Benchmark 2020 | 49
Financial Services & Fintech Salary Tables
Human Resources - Compensation & Benefits (C&B)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
C&B Executive 81 105 110
C&B Manager 120 150 180
Human Resources - Human Resources Business Partner (HRBP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Junior HRBP 60 70 80
Senior HBRP 80 100 120
HRBP Manager 120 200 270
Human Resources - Human Resources (HR) Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior HR Operations Officer 42 66 78
Senior HR Executive 64 69 70
Senior HR Consultant 58 74 96
Assistant HR Manager 80 95 100
HR Manager 90 125 144
Senior HR Manager 120 140 160
HR Director 180 245 310
Human Resources - Talent Acquisition
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Talent Acquisition Specialist 50 64 78
Talent Acquisition Manager 80 100 120
Senior Talent Acquisition Manager 120 150 180
Human Resources - Talent Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Learning and Development Executive 54 67 80
Talent Development Manager 90 105 125
Senior Talent Development Manager 125 157 190
50 | Michael Page Singapore Salary Benchmark 2020
Financial Services & Fintech Salary Tables
Marketing - Customer Relationship Management (CRM)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
CRM Manager 72 106 140
Marketing - Digital, Online & Social Media
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Marketing Executive 42 56 70
Assistant User Experience / User Interface (UX / UI) Manager
60 72 85
User Experience / User Interface (UX / UI) Manager
70 82 95
Digital Marketing Manager 66 93 120
Digital Marketing Director 150 200 250
E-commerce Manager 84 117 150
E-commerce Director 175 200 250
Marketing - Event Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Events Manager 66 82 84
Marketing - Graphic Designer
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Graphic Web Designer 54 66 70
Marketing - Marketing Communications
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing and Communications Specialist 54 69 85
Marketing and Communications Manager 72 106 140
Director Marketing and Communications 140 170 200
Corporate Communications Manager 60 63 66
Investor Relations Manager 72 104 120
Copywriter 42 59 69
Michael Page Singapore Salary Benchmark 2020 | 51
Financial Services & Fintech Salary Tables
Marketing - Marketing Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Assistant Marketing Manager 46 53 60
Marketing Manager 66 88 110
Marketing Director 130 145 180
Senior Marketing Director 150 175 200
Head of Marketing 160 185 220
Marketing - Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Specialist 75 82 90
Product Manager 85 102 120
Product Director 130 155 180
Solution Sales Manager 80 100 120
Vice President Solution Sales 120 150 180
Senior Vice President Solution Sales 180 215 250
Operations- Financial Service
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Derivative Operations Manager 90 110 130
Senior Vice President Derivative Operations 150 175 200
Procurement & Supply Chain
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Indirect Procurement Manager 80 96 110
Vice President Procurement 150 185 220
Senior Vice President Procurement 200 242 260
52 | Michael Page Singapore Salary Benchmark 2020
Financial Services & Fintech Salary Tables
Secretarial & Business Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Administrator 45 60 66
Front Desk and Administration Executive 45 60 72
Senior Administration Executive 60 69 78
Administration and Facilities Manager 78 90 108
Administration Manager 84 102 114
Executive Assistant 72 90 120
Senior Executive Assistant 84 102 144
Executive Assistant and Office Manager 84 102 144
Junior Office Admininstrator 45 57 62
Office Administrator 45 60 66
Office Manager 110 132 180
Receptionist 54 60 66
Receptionist and Human Resources Assistant
54 60 69
Receptionist and Office Assistant 54 60 66
Receptionist and Junior Secretary 54 60 69
Senior Secretary 72 81 90
Team Assistant 60 72 78
Top 3 trends
Trending skills
Roles in demand
average salary increase when switching jobs
within similar industries
7-9%Regulatory Affairs
Market Access Managers
Business Development / Channel Sales
Medical Affairs
Manufacturing Engineers / Lead
1. The medical devices industry is expected to grow by 7% in 2019, cementing Singapore’s position in Asia Pacific.
2. Pharmaceutical and biomedical manufacturing sectors are projected to grow by 12% in 2019.
3. Regulatory affairs, medical affairs and senior commercial roles are in high demand within the sector.
Commercial excellence
Digital marketing
Product marketing
Most active hiring industries
Clinical Research Organisation
(CRO)
Medical Devices
Pharmaceutical Life Sciences & Diagnostics
Michael Page Singapore Salary Benchmark 2020 | 53
Healthcare & Life Sciences
Healthcare & Life Sciences Salary Tables
54 | Michael Page Singapore Salary Benchmark 2020
SalesAccount Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Account Manager 50 65 80
Key Account Executive 45 55 65
Senior Key Account Manager 110 125 140
Business Development
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Business Development Manager 90 122 160
Business Development and Marketing Manager
100 125 150
Business Manager 120 150 180
Senior Business Development Manager 130 175 220
Head of Business Development 200 250 300
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Specialist 36 54 75
Senior Product Specialist 60 70 90
Product Manager 75 145 200
Product Director 150 190 250
Sales Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Sales Representative 40 55 70
Area Sales Manager 75 90 105
Sales Manager 95 125 200
General Manager Sales 180 215 250
Sales Director 200 250 300
Sales & Marketing Manager 80 105 140
Director Sales & Marketing 220 260 300
Commercial Manager 120 160 200
Michael Page Singapore Salary Benchmark 2020 | 55
Healthcare & Life Sciences Salary Tables
Marketing & Product ManagementDigital, Online & Social Media
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Assistant Digital Marketing Manager 75 85 100
Digital Marketing Manager 100 115 130
Marketing Communications
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing and Communications Executive 45 60 75
Marketing and Communications Manager 110 140 170
Marketing Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing Manager 100 125 150
Head of Marketing 200 250 300
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Manager 95 115 135
56 | Michael Page Singapore Salary Benchmark 2020
Healthcare & Life Sciences Salary Tables
Medical & Regulatory Affairs (RA)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Medical Affairs Manager 100 130 160
Senior Medical Affairs Manager 180 210 240
Medical Affairs Director 240 320 400
Senior RA Executive 50 60 70
RA Manager 90 152 200
Senior RA Manager 180 225 270
RA Director 270 360 450
Commercial Quality Manager 90 120 150
Pharmacovigilance Manager 80 100 120
Engineering & ManufacturingDesign, Research & Development (R&D)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Chemist 50 55 60
Head of Product Development 150 167 180
Engineering
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Manufacturing Engineer 42 52 65
Maintenance Engineer 60 67 72
Electrical Engineer 60 70 78
Service Engineer 60 75 90
Senior Electrical Engineer 60 80 96
Environment, Health & Safety (EHS)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
EHS Manager 140 162 180
Michael Page Singapore Salary Benchmark 2020 | 57
Healthcare & Life Sciences Salary Tables
Facilities, Field Services & Maintenance
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Facilities Engineer 75 95 110
Field Service Engineer 54 63 72
Maintenance Engineer 50 55 60
General & Project Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Project Manager 80 100 120
Principal Project Manager 140 160 180
Process & Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Process Engineer 75 82 90
Production & Manufacturing
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior Production Engineer 84 100 120
Production Manager 100 112 120
Quality
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Quality Engineer 60 72 84
Senior Quality Manager 100 130 160
Quality Assurance (QA) Associate 36 42 48
Quality Assurance (QA) Manager 70 85 100
Senior Quality Assurance (QA) Manager 120 150 180
Director Quality Assurance (QA) 180 220 260
Test & Application
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Test Engineer 60 75 85
58 | Michael Page Singapore Salary Benchmark 2020
Healthcare & Life Sciences Salary Tables
Research & Development (R&D)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Head of Microbiology Laboratory 100 130 160
Finance
Analytics & Business Partnering
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Finance / Business Analyst 48 66 96
Senior Finance / Business Analyst 66 85 100
Financial Planning & Analysis (FP&A) Manager
95 115 130
Financial Planning & Analysis (FP&A) Director
150 200 230
Business Controller 104 156 210
Pricing Manager 90 100 130
Audit, Risk & Control
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Internal Auditor 54 60 75
Senior Internal Auditor 72 85 100
Internal Audit Manager 91 110 130
Internal Audit Director 168 195 234
Risk Governance and Compliance Manager 91 110 156
Enterprise Risk Management Manager 91 110 169
Head of Risk Governance and Compliance 182 195 260
Internal Control Manager 84 110 120
Michael Page Singapore Salary Benchmark 2020 | 59
Healthcare & Life Sciences Salary Tables
Finance Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Accounts Administrator 30 33 36
Accounts Executive 36 46 48
Accountant, Accounts Payable / Receivable 42 56 72
Manager, Accounts Payable / Receivable 84 91 120
Credit Control Executive 36 46 60
Credit Control Manager 80 110 135
Payroll Executive 36 48 60
Payroll Manager 84 100 140
Cost Accountant 48 64 84
Costing Manager 91 117 130
Cost Controller 78 104 156
Revenue Accountant 60 105 108
Revenue Manager 91 102 130
Accountant 48 58 74
Senior Accountant 66 74 84
Finance Manager 85 100 120
Senior Finance Manager 110 125 144
Finance Controller 120 156 180
Finance Director 170 200 250
Head of Finance Operations / Head of Shared Services
169 240 260
Chief Financial Officer 250 325 400
Tax & Treasury
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Tax Analyst 48 70 85
Senior Tax Analyst / Assistant Tax Manager 70 85 100
Tax Manager 80 120 180
Indirect Tax Manager 80 120 156
Transfer Pricing Manager 90 120 156
Head of Tax / Tax Director 180 210 250
Treasury Analyst 48 60 72
Senior Treasury Analyst 60 76 91
60 | Michael Page Singapore Salary Benchmark 2020
Healthcare & Life Sciences Salary Tables
Treasury Manager 91 120 156
Head of Treasury / Treasury Director 182 195 260
Corporate Strategy & Advisory
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Systems Finance Manager 90 120 156
Change Management Leader 90 156 195
Finance Transformation Manager 130 180 230
Mergers & Acquisitions (M&A) Analyst 72 80 110
Mergers & Acquisitions (M&A) Manager 104 130 156
Head of Mergers & Acquisitions (M&A) / Mergers & Acquisitions (M&A) Director
182 220 260
LegalCompliance
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Compliance Manager 110 130 150
Senior Compliance Manager 180 200 220
Compliance Director 250 290 330
In-house
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Legal Counsel 100 140 180
Senior Legal Counsel 160 185 220
General Counsel 250 300 350
Michael Page Singapore Salary Benchmark 2020 | 61
Healthcare & Life Sciences Salary Tables
Human ResourcesHuman Resources Business Partner (HRBP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
HRBP 100 150 200
Organisational Development Partner 90 120 150
Human Resources (HR) Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Head of HR 180 240 300
Payroll
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Payroll Officer 30 33 36
Talent Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Talent Acquisition Specialist 50 60 70
Head of Talent Acquisition 120 150 180
Talent Development Lead 90 105 120
Senior Talent Development Manager 100 122 144
Procurement & Supply ChainLogistics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Logistics Manager 84 96 108
62 | Michael Page Singapore Salary Benchmark 2020
Healthcare & Life Sciences Salary Tables
Procurement
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Assistant Procurement Manager 70 85 100
Procurement Manager 100 125 150
Indirect Procurement Manager 100 151 160
Procurement Director 150 175 200
Head of Procurement 216 246 276
Supply Chain Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Supply Chain Executive 45 50 55
Supply Chain Analyst 45 50 55
Supply Chain Manager 100 150 200
Supply Planner 60 80 100
Supply Planning Manager 75 100 125
Contract and Supplier Management Analyst 50 60 70
Export Control Assistant Manager 65 75 95
TechnologyData Management & Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Data Engineer 80 90 100
Data Scientist 80 95 120
Data Analyst 80 100 120
Data Analytics Manager 120 132 144
Business Intelligence (BI) Analyst 65 80 95
Senior Business Intelligence (BI) Specialist 75 80 105
Business Intelligence (BI) and Data Analytics Manager
120 160 200
Michael Page Singapore Salary Benchmark 2020 | 63
Healthcare & Life Sciences Salary Tables
Development & Architecture
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Enterprise Architect 100 140 180
Digital Strategy & Transformation
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Transformation Executive 60 70 80
Digital Transformation Specialist 150 167 180
Enterprise Resource Planning (ERP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
ERP Business Analyst 84 91 96
ERP Analyst 90 100 110
ERP Manager 120 135 150
General & Project Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Project Manager 90 120 150
IT Project Director 160 190 220
IT Business Partner 120 135 150
IT & Systems
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Technical Specialist 50 55 60
Technical Architect 90 105 120
Service Delivery Manager 91 106 117
64 | Michael Page Singapore Salary Benchmark 2020
IT Security
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Assistant IT Audit Manager 80 85 90
IT Security Analyst 60 70 80
Senior IT Security Analyst 75 90 105
IT Security Manager 120 135 150
Software & Applications
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Software Engineer 60 70 80
Software Engineer Lead 72 79 84
Solution Consulting
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Solution Architect 90 100 110
Solution Partner / Director 180 190 200
C-Suite
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Chief Operating Officer 250 300 350
Chief Financial Officer 250 325 400
Healthcare & Life Sciences Salary Tables
Top 3 hiring trends
Trending skills
Customer Relationship Manager
(CRM)
Retail SalesDigital Marketing E-commerce
Roles in demand
average salary increase when switching jobs
within similar industries
6-10%Marketing Manager
Business Development Manager
CRM Manager
Financial Analyst
Retail Manager
1. As retail experiences are reinvented, in-store managers with tech-related skills are in high demand simulations to entertain their customers.
2. In view of the e-commerce boom, demand for in-store staff and retail candidates is relatively low.
3. Talent with CRM, data analytics and consumer insights experience are in demand for the retail market.
CRM data analysis skills
Presentation skills
Digital marketing and social media
Most active hiring functions
Michael Page Singapore Salary Benchmark 2020 | 65
Retail
Retail Salary Tables
66 | Michael Page Singapore Salary Benchmark 2020
Customer Service
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Customer Relations Officer 36 45 54
Finance & AccountingAnalytics & Business Partnering
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Finance / Business Analyst 48 66 96
Senior Finance / Business Analyst 66 85 100
Financial Planning & Analysis (FP&A) Manager
95 115 130
Financial Planning & Analysis (FP&A) Director
150 200 230
Business Controller 104 156 210
Pricing Manager 90 100 130
Audit, Risk & Control
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Internal Auditor 54 60 75
Senior Internal Auditor 72 85 100
Internal Audit Manager 91 110 130
Internal Audit Director 168 195 234
Risk Governance and Compliance Manager 91 110 156
Head of Risk Governance and Compliance 182 195 260
Internal Control Manager 84 110 120
Enterprise Risk Management Manager 91 110 169
Michael Page Singapore Salary Benchmark 2020 | 67
Retail Salary Tables
Finance Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Accounts Administrator 30 33 36
Accounts Executive 36 46 48
Accountant, Accounts Payable / Receivable 42 56 72
Manager, Accounts Payable / Receivable 84 91 120
Credit Control Executive 36 46 60
Credit Control Manager 80 110 135
Payroll Executive 36 48 60
Payroll Manager 84 100 140
Cost Accountant 48 64 84
Costing Manager 91 117 130
Cost Controller 78 104 156
Revenue Accountant 60 105 108
Revenue Manager 91 102 130
Accountant 48 58 74
Senior Accountant 66 74 84
Finance Manager 85 100 120
Senior Finance Manager 110 125 144
Finance Controller 120 156 180
Finance Director 170 200 250
Head of Finance Operations / Head of Shared Services
169 240 260
Chief Financial Officer 250 325 400
Tax & Treasury
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Tax Analyst 48 70 85
Senior Tax Analyst / Assistant Tax Manager 70 85 100
Tax Manager 80 120 180
Indirect Tax Manager 80 120 156
Transfer Pricing Manager 90 120 156
Head of Tax / Tax Director 180 210 250
Treasury Analyst 48 60 72
Senior Treasury Analyst 60 76 91
Treasury Manager 91 120 156
Head of Treasury / Treasury Director 182 195 260
68 | Michael Page Singapore Salary Benchmark 2020
Retail Salary Tables
Finance Transformation Corporate Strategy & Advisory
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Systems Finance Manager 90 120 156
Change Management Leader 90 156 195
Finance Transformation Manager 130 180 230
Mergers & Acquisitions (M&A) Analyst 72 80 110
Mergers & Acquisitions (M&A) Manager 104 130 156
Head of Mergers & Acquisitions (M&A) / Mergers & Acquisitions (M&A) Director
182 220 260
Human ResourcesHuman Resources Business Partner (HRBP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Junior HRBP 48 58 60
HRBP 72 84 100
Human Resources (HR) Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
HR Coordinator 48 58 60
Senior HR Executive 54 57 60
HR Manager 90 105 120
General Manager HR 250 275 300
Head of HR 250 275 300
Talent Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Talent Acquisition Manager 90 105 120
Senior Talent Development Manager 100 110 120
Talent Management Manager 96 116 132
Michael Page Singapore Salary Benchmark 2020 | 69
Retail Salary Tables
MarketingBrand Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior Brand Executive 48 58 90
Brand Ambassador 68 90 100
Assistant Brand Manager 54 85 96
Brand Manager 70 90 100
Senior Brand Manager 80 103 132
Brand Director 120 137 144
Marketing and Brand Manager 85 93 96
Marketing and Brand Director 100 122 135
Customer Relationship Management (CRM)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
CRM Manager 90 105 120
Head of CRM 120 160 180
Design
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Graphic Designer 36 39 42
Digital, Online & Social Media
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Marketing Executive 30 46 65
Assistant Digital Marketing Manager 60 62 65
Digital Marketing Manager 80 87 95
Director Digital Marketing 120 144 168
Assistant Vice President Digital Marketing 168 193 216
Digital and Social Media Manager 48 60 66
E-commerce Manager 72 84 96
Assistant Vice President E-commerce 168 193 216
Head of E-commerce 150 200 230
Media Manager 84 96 108
70 | Michael Page Singapore Salary Benchmark 2020
Retail Salary Tables
Marketing Communications
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing and Communications Manager 78 100 132
Head of Marketing and Communications 114 192 250
Marketing and Communications Director 170 210 250
Marketing Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing Executive 55 60 65
Senior Marketing Executive 58 70 82
Assistant Marketing Manager 60 78 85
Marketing Manager 72 90 108
Senior Marketing Manager 90 105 120
Head of Marketing 84 109 130
Marketing Director 120 162 264
Channel Marketing Manager 120 127 132
Product Marketing Manager 86 103 120
Strategy & Analysis
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing Insights and Analytics Manager 78 90 97
Head of Marketing Insights and Analytics 130 176 210
Marketing Insightsand Analytics Lead 180 195 210
Partnerships Manager 60 90 120
Procurement & Supply ChainLogistics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Logistics Manager 54 66 78
Michael Page Singapore Salary Benchmark 2020 | 71
Retail Salary Tables
Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Operations Executive 48 58 60
Operations Analyst 90 100 110
Senior Operations Manager 96 108 120
Operations Director 100 120 144
Procurement
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Procurement Executive 42 47 48
Procurement Specialist 42 49 54
Assistant Procurement Manager 54 61 66
Procurement Manager 56 71 84
Head of Procurement 280 320 360
Sourcing Manager 60 72 84
Supply Chain Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Supply / Demand Planner 45 50 54
Supply / Demand Planning Manager 72 79 84
Supply Chain Manager 48 68 84
Supply Chain Analyst 78 85 90
Head of Supply Chain 114 129 141
Supplier Relationship Manager 80 90 100
Inventory Controller 60 70 72
72 | Michael Page Singapore Salary Benchmark 2020
Retail Salary Tables
Retail StoreMerchandising
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Assistant Merchandiser 40 45 50
Merchandiser 45 50 55
Senior Merchandiser 48 58 85
Head of Merchandising 144 151 156
Visual Merchandiser 30 48 99
Store Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Store Supervisor 30 48 60
Store Manager 48 66 96
Assistant Retail Manager 50 60 85
Retail Operations Manager 60 70 72
Retail Manager 96 121 144
Operations Director 120 150 240
Country Retail Planner 72 82 84
SalesAccount Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Account Manager 52 127 150
Senior Key Account Executive 72 80 90
Key Account Manager 78 88 96
Senior Key Account Manager 72 120 165
Michael Page Singapore Salary Benchmark 2020 | 73
Business Development
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Business Development Executive 36 53 61
Business Development Manager 60 105 144
Senior Business Development Manager 72 100 165
Business Development Director 120 137 270
Business Manager 80 132 160
Franchise Manager 90 95 96
Franchise Director 100 150 200
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Category Manager 75 103 126
Senior Category Manager 120 127 132
Assistant Product Manager 72 85 95
Product Manager 78 106 120
Senior Product Manager 96 120 150
Retail Salary Tables
74 | Michael Page Singapore Salary Benchmark 2020
Retail Salary Tables
Sales Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Sales Advisor 24 36 42
Senior Sales Advisor 30 40 42
Sales Associate 30 42 60
Assistant Sales Manager 45 63 71
Sales Manager 72 130 200
Senior Sales Manager 85 95 120
Head of Sales 90 150 214
Sales Director 96 141 248
General Manager Sales 90 130 170
Sales Operations Manager 100 105 110
Sales and Marketing Manager 108 128 144
Senior Sales and Marketing Manager 120 130 140
Sales and Operations Executive 65 70 75
Commercial Manager 120 135 144
Head of Commercial 126 130 200
Area Sales Manager 54 97 120
Wholesale Manager 66 76 78
Export Sales Manager 84 104 120
Channel Sales Manager 84 100 130
Secretarial & Business Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Office Administrator 54 66 72
Technology
Senior Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Lead 120 135 150
IT Director 150 195 240
IT Business Partner 100 125 150
Michael Page Singapore Salary Benchmark 2020 | 75
Retail Salary Tables
Solution Consulting & Project Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Project Manager 60 84 108
Solution Architect 120 130 150
Infrastructure Architect 120 150 180
Business Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Business Intelligence (BI) Analyst 55 66 78
Business Intelligence (BI) Developer 70 80 90
Business Intelligence (BI) Lead 100 110 120
Infrastructure, Systems & Networks
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Helpdesk / Support / Executive 36 48 60
IT Analyst / Application Support 36 54 72
System Engineer 48 60 72
Network Engineer 48 60 72
Senior IT Support / Executive 54 63 72
IT Manager 60 90 108
Top 3 hiring trends
Trending skills
Roles in demand
average salary increase when switching jobs
within similar industries
12.5%Audit Manager
Executive Assistant
Procurement Manager
Legal Secretary
Finance Manager
1. Slowdown in manufacturing and engineering sectors is also impacting demand in the service sector.
2. Jobs in the services sector will be negatively impacted in early 2020.
3. Localised monetary policy changes are less likely to impact job creation in regional hubs.
Performance marketing
Strategic business
development
Compliance testing
Most active hiring functions
Digital ConsultingManagement Consulting
Risk & Compliance
76 | Michael Page Singapore Salary Benchmark 2020
Services
Michael Page Singapore Salary Benchmark 2020 | 77
Services Salary Tables
C-Suites
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Chief Technology Officer 120 160 200
Chief Operating Officer 200 225 250
Chief Financial Officer 250 325 380
Chief Executive Officer 300 340 400
Customer Service
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Guest Service Officer 36 46 54
Sales Support Executive 42 54 68
Sales Support and Customer Service Executive
42 55 68
Customer Service Specialist 52 62 70
Assistant Customer Service Manager 60 78 90
Senior Customer Support Manager 100 132 186
FinanceAnalytics & Business Partnering
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Finance / Business Analyst 48 66 96
Senior Finance / Business Analyst 66 85 100
Financial Planning & Analysis (FP&A) Manager
95 115 130
Financial Planning & Analysis (FP&A) Director
150 200 230
Business Controller 104 156 210
Pricing Manager 90 100 130
78 | Michael Page Singapore Salary Benchmark 2020
Services Salary Tables
Audit, Risk & Control
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Internal Auditor 54 60 75
Senior Internal Auditor 72 85 100
Internal Audit Manager 91 110 130
Internal Audit Director 168 195 234
Risk Governance and Compliance Manager 91 110 156
Enterprise Risk Management Manager 91 110 169
Head of Risk Governance and Compliance 182 195 260
Internal Control Manager 84 110 120
Finance Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Accounts Administrator 30 33 36
Accounts Executive 36 46 48
Accountant, Accounts Payable / Receivable 42 56 72
Manager, Accounts Payable / Receivable 84 91 120
Credit Control Executive 36 46 60
Credit Control Manager 80 110 135
Payroll Executive 36 48 60
Payroll Manager 84 100 140
Revenue Accountant 60 105 108
Revenue Manager 91 102 130
Accountant 48 58 74
Senior Accountant 66 74 84
Finance Manager 85 100 120
Senior Finance Manager 110 125 144
Finance Controller 120 156 180
Finance Director 170 200 250
Head of Finance Operations / Head of Shared Services
169 240 260
Chief Financial Officer 250 325 400
Michael Page Singapore Salary Benchmark 2020 | 79
Services Salary Tables
Tax & Treasury
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Tax Analyst 48 70 85
Senior Tax Analyst / Assistant Tax Manager 70 85 100
Tax Manager 80 120 180
Indirect Tax Manager 80 120 156
Transfer Pricing Manager 90 120 156
Head of Tax / Tax Director 180 210 250
Treasury Analyst 48 60 72
Senior Treasury Analyst 60 76 91
Treasury Manager 91 120 156
Head of Treasury / Treasury Director 182 195 260
Finance Transformation Corporate Strategy & Advisory
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Systems Finance Manager 90 120 156
Change Management Leader 90 156 195
Finance Transformation Manager 130 180 230
Mergers & Acquisitions (M&A) Analyst 72 80 110
Mergers & Acquisitions (M&A) Manager 104 130 156
Head of Mergers & Acquisitions (M&A) / Mergers & Acquisitions (M&A) Director
182 220 260
Human ResourcesHuman Resources Information System (HRIS)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior HRIS Executive 54 64 66
HRIS Analyst 60 70 72
Senior HRIS Analyst 72 81 90
80 | Michael Page Singapore Salary Benchmark 2020
Compensation & Benefits (C&B)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
C&B Executive 72 78 84
C&B Manager 84 120 150
Senior C&B Manager 150 165 180
Head of C&B 200 250 350
Human Resources Business Partner (HRBP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Junior HRBP 48 58 68
Senior HRBP 70 80 90
HRBP Manager 94 120 144
Human Resources (HR) Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior HR Coordinator 30 36 42
HR Administrator 30 36 42
HR Executive 36 45 54
Senior HR Executive 54 60 70
HR Specialist 55 70 85
HR Manager 72 75 80
Senior HR Manager 90 120 150
HR Director 156 250 325
Services Salary Tables
Michael Page Singapore Salary Benchmark 2020 | 81
Services Salary Tables
Talent Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior Learning and Development Executive 48 54 60
Learning and Development Manager 72 78 85
Talent Development Specialist 64 74 84
Talent Development Trainer 72 84 96
Talent Development Manager 120 144 168
Recruitment Coordinator 36 45 54
Talent Acquisition Specialist 54 65 78
Talent Acquisition Manager 80 96 120
Head of Talent Acquisition 120 150 180
Talent Program Manager 60 72 80
LegalCompliance
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Compliance Manager 103 130 150
Senior Compliance Manager 150 175 200
Contract & Vendor Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Contract Manager 60 80 100
Contract and Supplier Management Manager
84 104 120
82 | Michael Page Singapore Salary Benchmark 2020
Services Salary Tables
In-house
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Paralegal 40 69 84
Legal Executive 72 77 78
Legal Counsel 90 145 200
Senior Legal Counsel 150 195 240
Law Firm
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Associate 60 95 130
Senior Associate 100 175 250
Partner 190 345 500
Secretary
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Legal Secretary 42 58 78
Legal Assistant 52 55 58
Senior Legal Secretary 60 63 66
Assistant Corporate Secretary Manager 84 94 104
Corporate Secretary Manager 120 145 170
MarketingCustomer Relationship Management (CRM)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
CRM Analyst 36 52 65
CRM Specialist 54 55 57
CRM Campaign Data Analyst 60 70 72
Senior CRM Analyst 65 68 70
Senior CRM Data Analyst 72 78 84
CRM Insights Analyst 75 82 90
CRM Manager 84 104 120
Michael Page Singapore Salary Benchmark 2020 | 83
Services Salary Tables
Design
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Graphic Designer 60 75 84
Digital, Online & Social Media
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior Digital Executive 42 52 54
Digital Manager 72 82 90
Digital Marketing Executive 33 35 38
Senior Digital Marketing Executive 37 53 60
Digital Marketing Manager 60 96 132
Senior Digital Marketing Manager 84 126 156
Director Digital Marketing 108 144 180
Seach Engine Marketing (SEM) Specialist 42 45 48
Senior Search Engine Optimisation (SEO) Executive
48 58 60
Digital Marketing Website Project Assistant 48 58 60
Digital Analyst 48 65 78
Media Planning Lead 80 90 100
Digital Content Director 100 132 150
User Experience / User Interface (UX / UI) Manager
96 108 120
E-commerce Director 196 216 265
Growth Marketing Manager 84 96 125
Event Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Events Coordinator 55 60 65
Events Manager 65 77 85
Events Director 120 137 160
Senior Events Director 150 165 200
Conference Manager 65 75 90
Senior Conference and Events Manager 75 85 95
Conference Producer 42 59 75
Senior Conference Producer 70 82 90
84 | Michael Page Singapore Salary Benchmark 2020
Services Salary Tables
Marketing Communications
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Content Manager 36 63 84
Copywriting Manager 54 69 78
Public Relations (PR) Manager 72 88 96
Corporate Communications Manager 96 114 144
Marketing and Communications Manager 96 120 144
Marketing Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing Executive 32 42 48
Marketing Specialist 48 58 60
Assistant Marketing Manager 60 70 72
Marketing Manager 55 80 90
Senior Marketing Manager 84 104 120
Marketing Director 132 144 180
Marketing Operations Analyst 54 57 60
Marketing and Partnerships Manager 108 128 144
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior Product Marketing Executive 48 51 54
Product Marketing Manager 60 70 72
Research
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Market Research Associate 48 60 65
User Experience (UX) Researcher 48 63 72
Research Manager 54 64 75
Senior Research Coordinator 55 67 75
Research Associate 72 87 96
Michael Page Singapore Salary Benchmark 2020 | 85
Services Salary Tables
Strategy & Analysis
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Content and Market Research Analyst 42 64 78
Marketing Insights and Analytics Manager 84 104 120
Head of Marketing Insights and Analytics 156 180 225
Senior Strategy and Analytics Manager 144 176 200
Vice President Strategy and Analytics 225 250 330
Partnerships Manager 72 82 84
Head of Partnerships 84 99 108
Procurement
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Procurement Executive 50 57 65
Procurement Manager 72 93 130
Indirect Procurement Manager 84 101 120
Head of Procurement 120 152 180
Procurement Director 150 195 220
SalesAccount Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Account and Business Development Executive
60 70 72
Account Executive 65 70 75
Account Manager 80 100 132
Key Account Manager 60 71 132
Senior Key Account Manager 72 89 144
86 | Michael Page Singapore Salary Benchmark 2020
Services Salary Tables
Business Development
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Business Acceleration Manager 60 70 72
Business Development and Marketing Executive
55 72 85
Business Development Associate 48 65 78
Business Development Executive 36 50 70
Business Development Manager 55 75 120
Senior Business Development Manager 90 120 156
Business Development Director 96 126 216
Head of Business Development 120 160 220
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Manager 48 66 96
Head of Product 96 144 200
Michael Page Singapore Salary Benchmark 2020 | 87
Services Salary Tables
Sales Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Sales Representative 24 39 48
Sales Consultant 38 52 55
Sales Coordinator 50 60 75
Sales Engineer 55 60 65
Sales Executive 48 60 85
Sales Operations Manager 72 82 84
Sales Manager 52 66 144
Senior Sales Manager 96 104 150
Area Sales Manager 110 122 140
Country Sales Manager 96 120 180
Sales Director 97 125 180
General Manager Sales 144 166 196
Head of Sales 96 156 225
Telesales Officer 42 45 48
Customer Experience Manager 48 52 66
Customer Success Manager 65 80 108
88 | Michael Page Singapore Salary Benchmark 2020
Services Salary Tables
Secretarial & Business Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Junior Administration Assistant 30 36 57
Administration Assistant 45 54 60
Administration and Marketing Assistant 45 54 66
Administrator 45 60 72
Executive Assistant 58 90 144
Office Administrator 42 54 66
Assistant Office Manager 60 96 100
Office Manager 66 84 160
Senior Office Manager 78 120 160
Personal Assistant 60 90 114
Program Coordinator 57 66 74
Project Coordinator 60 66 74
Receptionist 45 57 60
Sales Support 54 57 60
Junior Secretary 57 66 78
Secretary 57 78 114
Service Administration Executive 57 62 72
TechnologyBusiness Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Business Intelligence (BI) Analyst 84 97 120
Head of Business Intelligence (BI) Analytics 120 150 180
Data Management & Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Data Analyst 55 107 120
Data Scientist 90 135 180
Michael Page Singapore Salary Benchmark 2020 | 89
Services Salary Tables
Development & Architecture
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Head of Enterprise Architecture 180 200 216
Vice President IT Strategy and Architecture 150 195 240
General & Project Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Manager 70 110 150
IT Business Partner 180 190 200
Head of IT 180 240 300
IT Project Manager 78 114 150
Infrastructure & Networks
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Infrastructure Engineer 60 78 96
Infrastructure Manager 72 111 150
Cloud Engineer 50 62 75
Network Analyst / Engineer 60 90 120
IT Security
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Security Specialist 80 90 100
IT Security Manager 85 102 120
Head of IT Security 120 180 240
90 | Michael Page Singapore Salary Benchmark 2020
Services Salary Tables
IT & Systems
Role
Base salary range for 12 months (SGD'000)
Min Median Max
IT Officer 36 50 65
IT Specialist 65 75 84
System Administrator 50 62 80
Senior System Administrator 60 72 80
System Engineer 60 90 120
Service Desk Analyst 36 48 60
Vice President Service Delivery 120 150 180
Technical Implementation Specialist 84 104 120
IT Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Application Support Specialist 40 56 72
IT Support Analyst 50 61 72
Desktop Support Analyst 54 63 72
Software & Application
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior Software Engineer 60 75 84
Software Developer Lead 90 120 150
Application Manager 90 116 144
Solution Consulting
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Solution Architect 90 120 150
Pre-Sales Consultant 100 145 200
Top 3 hiring trends
Trending skills
Start-UpsFintechInternet Healthcare & Medical Devices
Roles in demand
IT Project Manager
Software Engineer
Product Manager
Software Developer
Account Manager
1. With companies investing heavily in networks and systems, cybersecurity talent is in high demand.
2. Improving efficiency and customer experience via technology remain key areas for businesses.
3. Data engineering and analytics will become key business functions, especially within sales and marketing.
Software engineering
Business development
Digital marketing
Most active hiring functions
average salary increase when switching jobs within similar industries
12-15%
Michael Page Singapore Salary Benchmark 2020 | 91
Technology, Media & Telecommunications
Technology, Media &Telecommunications Salary Tables
C-Suite
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Chief Information Security Officer 180 240 300
Chief Technology Officer 260 280 300
Chief Product Officer 200 275 350
Chief Information Officer 240 300 360
Chief Financial Officer 250 325 400
Chief Executive Officer 200 500 800
Finance & AccountingAnalytics & Business Partnering
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Finance / Business Analyst 48 66 96
Senior Finance / Business Analyst 66 85 100
Financial Planning & Analysis (FP&A) Manager
95 115 130
Financial Planning & Analysis (FP&A) Director
150 200 230
Business Controller 104 156 210
Pricing Manager 90 100 130
Audit, Risk & Control
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Internal Auditor 54 60 75
Senior Internal Auditor 72 85 100
Internal Audit Manager 91 110 130
Internal Audit Director 168 195 234
Risk Governance and Compliance Manager 91 110 156
Enterprise Risk Management Manager 91 110 169
Head of Risk Governance and Compliance 182 195 260
Internal Control Manager 84 110 120
92 | Michael Page Singapore Salary Benchmark 2020
Technology, Media &Telecommunications Salary Tables
Finance Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Accounts Administrator 30 33 36
Accounts Executive 36 46 48
Accountant, Accounts Payable / Receivable 42 56 72
Manager, Accounts Payable / Receivable 84 91 120
Credit Control Executive 36 46 60
Credit Control Manager 80 110 135
Payroll Executive 36 48 60
Payroll Manager 84 100 140
Cost Accountant 48 64 84
Costing Manager 91 117 130
Cost Controller 78 104 156
Revenue Accountant 60 105 108
Revenue Manager 91 102 130
Accountant 48 58 74
Senior Accountant 66 74 84
Finance Manager 85 100 120
Senior Finance Manager 110 125 144
Finance Controller 120 156 180
Finance Director 170 200 250
Head of Finance Operations / Head of Shared Services
169 240 260
Chief Financial Officer 250 325 400
Michael Page Singapore Salary Benchmark 2020 | 93
Technology, Media &Telecommunications Salary Tables
Tax & Treasury
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Tax Analyst 48 70 85
Senior Tax Analyst / Assistant Tax Manager 70 85 100
Tax Manager 90 120 180
Indirect Tax Manager 80 120 156
Transfer Pricing Manager 90 120 156
Head of Tax / Tax Director 180 210 250
Treasury Analyst 48 60 72
Senior Treasury Analyst 60 76 91
Treasury Manager 91 120 156
Head of Treasury / Treasury Director 182 195 260
Finance Transformation Corporate Strategy & Advisory
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Systems Finance Manager 90 120 156
Change Management Leader 90 156 195
Finance Transformation Manager 130 180 230
Mergers & Acquisitions (M&A) Analyst 72 80 110
Mergers & Acquisitions (M&A) Manager 104 130 156
Head of Mergers & Acquisitions (M&A) / Mergers & Acquisitions (M&A) Director
182 220 260
Human ResourcesCompensation & Benefits (C&B)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
C&B Manager 100 125 150
94 | Michael Page Singapore Salary Benchmark 2020
Technology, Media &Telecommunications Salary Tables
Human Resources Business Partner (HRBP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
HRBP 60 77 99
HRBP Manager 72 79 144
Associate Director HRBP 120 132 144
Director HRBP 180 210 240
Human Resources (HR) Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Senior HR Executive 42 52 54
HR Manager 84 99 105
Senior HR Manager 110 140 180
Head of HR 130 132 135
Talent Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Talent Acquisition Lead 50 67 96
Talent Acquisition Specialist 80 127 155
Talent Acquisition Manager 150 160 170
Head of Talent Acquisition 200 210 220
Talent Development Specialist 120 140 150
Talent Capabilities Director 120 150 160
LegalContract & Vendor Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Contracts Specialist 72 84 96
Contracts Manager 89 100 120
Michael Page Singapore Salary Benchmark 2020 | 95
Technology, Media &Telecommunications Salary Tables
In-house
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Legal Executive 36 39 42
Legal Counsel 85 108 130
Senior Legal Counsel 160 180 200
Associate General Counsel 200 230 260
Data Privacy Counsel 180 215 250
General Counsel 240 285 330
MarketingBrand Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Brand Strategist 60 77 120
Brand Manager 96 138 180
Brand Director 150 175 200
Customer Relationship Management (CRM)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
CRM Director 160 180 200
Digital, Online & Social Media
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Marketing Manager 72 127 144
Associate Director Digital Marketing 108 108 113
Digital Creative Designer 36 51 84
Digital Experience and Operations Specialist
72 82 84
Social Media Manager 60 70 72
96 | Michael Page Singapore Salary Benchmark 2020
Technology, Media &Telecommunications Salary Tables
Marketing Communications
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing and Communications Manager 90 105 115
Head of Marketing and Communications 160 195 300
Content Acquisition Manager 72 82 84
Marketing Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing Executive 36 50 65
Marketing Specialist 48 63 72
Assistant Marketing Manager 55 65 70
Marketing Manager 75 90 100
Head of Marketing 100 150 220
Marketing Director 220 250 270
Head of Channel Marketing 120 135 150
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Marketing Manager 90 105 200
Strategy & Analysis
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Partnerships Specialist 48 58 60
Partnerships Manager 60 77 90
Partnerships Director 120 150 180
Strategic Partnership Director 150 177 204
Innovation and Partnerships Manager 60 77 86
Growth Marketing Manager 84 104 120
Vice President Engagement Intelligence 108 128 144
Director Strategy and Analytics 144 167 200
Head of Marketing Insights and Analytics 140 200 300
Michael Page Singapore Salary Benchmark 2020 | 97
Technology, Media &Telecommunications Salary Tables
Procurement & Supply Chain
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Operations Analyst 50 55 50
Operations Manager 100 110 120
Operations Director 240 270 300
SalesAccount Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Account Executive 48 157 54
Account Manager 57 60 75
Senior Account Manager 60 81 144
Business Development
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Business Development Associate 36 39 42
Business Development Manager 60 120 180
Business Development Director 160 186 220
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Manager 75 80 90
Senior Product Manager 114 129 156
Head of Product 130 151 195
98 | Michael Page Singapore Salary Benchmark 2020
Technology, Media &Telecommunications Salary Tables
Sales Generalist
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Sales Order Processing Administrator 37 40 43
Sales Order Processing Executive 45 50 55
Sales Support Specialist 55 65 70
Sales Executive 34 38 42
Sales Representative 38 50 65
Sales Manager 72 93 120
Senior Sales Manager 100 140 156
Associate Sales Director 120 180 230
Head of Sales 150 200 250
Secretarial & Business Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Administrative Assistant 38 58 66
Executive Assistant 57 90 156
Office Manager 90 132 156
Michael Page Singapore Salary Benchmark 2020 | 99
Technology, Media &Telecommunications Salary Tables
Technology
Digital Transformation
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Digital Transformation Manager 96 108 120
Head of Digital Transformation 144 162 180
Director Digital Transformation 180 192 204
Product Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Product Engineer 60 72 84
Product Manager 84 102 120
Product Architect 96 114 132
Product Director 144 162 180
Solution Consulting
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Solution Consultant 96 108 120
Solution Architect 108 144 180
Pre-Sales Engineer 84 90 96
Pre-Sales Manager 132 156 180
Project Management & Business Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Project Manager 78 114 150
Senior Project Manager 120 150 180
Business Analyst 54 66 78
Senior Business Analyst 120 150 180
100 | Michael Page Singapore Salary Benchmark 2020
Technology, Media &Telecommunications Salary Tables
Data Management & Analytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Data Engineer 54 87 120
Data Analyst 54 66 78
Business Intelligence (BI) Analyst 66 93 120
Lead Business Intelligence (BI) Analyst 108 129 150
Data Analyst Manager 150 165 180
Database Administrator 60 90 120
Database Manager 100 125 150
Data Architect 96 148 200
Data Scientist 96 138 180
Application & Software Building
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Web Developer 36 54 72
Software Engineer / Developer 54 69 84
Senior Software Engineer / Developer 72 96 120
Back End Engineer / Developer 60 72 84
Senior Back End Engineer / Developer 72 96 120
Front End Engineer / Developer 60 78 96
Senior Front End Engineer / Developer 72 96 120
Full Stack Developer 60 90 120
Senior Full Stack Developer 120 144 169
User Experience / User Interface (UX / UI) Designer
48 66 84
User Experience / User Interface (UX / UI) Lead Designer
84 102 120
Head of User Experience / User Interface (UX / UI)
96 123 150
IT Analyst / Application Analyst 36 48 60
System Analyst 48 66 84
Senior / Lead System Analyst 66 87 108
Head of Applications / Software Development
84 162 240
Michael Page Singapore Salary Benchmark 2020 | 101
Technology, Media &Telecommunications Salary Tables
Cloud Technology & Automation
Role
Base salary range for 12 months (SGD'000)
Min Median Max
DevOps Engineer 60 75 90
Senior DevOps Engineer 90 105 120
DevOps Manager 120 160 180
Robotic Process Automation (RPA) Developer
48 78 108
Cloud Engineer 60 75 90
Senior Cloud Engineer 90 105 120
Cloud Architect 108 154 200
IT Security & Cybersecurity
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Security Operations Center (SOC) Analyst / Engineer
54 69 84
IT Security Engineer 66 81 96
IT Security Manager 90 105 120
IT Security Architect 120 150 180
IT Audit Executive 54 63 72
IT Audit Manager 90 105 120
Head of IT Audit 150 175 200
IT Risk and Compliance Analyst 54 63 72
Head of IT Risk and Compliance 144 162 180
102 | Michael Page Singapore Salary Benchmark 2020
Technology, Media &Telecommunications Salary Tables
Infrastructure, System & Network
Role
Base salary range for 12 months (SGD'000)
Min Median Max
System Administrator 48 54 60
System Engineer 60 72 84
Senior System Engineer 72 81 90
Network Operations Centre (NOC) Engineer 36 45 54
Network Engineer 48 54 60
Senior Network Engineer 60 78 96
Network Security Engineer 60 90 120
Network Consultant 72 96 120
Storage Engineer 60 66 72
Senior Storage Engineer 72 84 96
Infrastructure / IT Manager 72 96 120
Infrastructure Architect 120 150 180
Head of Infrastructure 144 162 180
IT Support & Helpdesk
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Service Desk Engineer 36 48 60
Senior Service Desk Engineer 60 72 84
Service Delivery Manager 72 96 120
Service Delivery Lead 120 144 169
Head of Service Delivery 175 189 204
Field Engineer 36 48 60
IT Support Engineer / IT Executive 36 48 60
Senior IT Support Engineer / IT Executive
54 63 72
Desktop Support Engineer 36 48 60
Senior Desktop Support Engineer 54 57 60
Desktop Support Team Lead 60 66 72
Application Support Engineer 36 48 60
Senior Application Support Engineer 36 48 60
Application Support Manager 60 78 96
Data Centre Operator / Technician 30 36 42
Data Centre Engineer 42 51 60
Michael Page Singapore Salary Benchmark 2020 | 103
Senior Data Centre Engineer 54 69 84
Data Centre Operation / Facilities Manager 60 78 96
Head of Data Centre 108 126 144
Cloud Data Centre Specialist 72 96 120
Quality Assurance (QA) & Testing
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Software Validation Engineer 54 66 78
QA Engineer / Software Tester 42 51 60
Senior QA Engineer / Software Tester 60 78 96
Software Testing Lead 84 102 120
Head of Software Testing 108 126 144
Enterpise Resource Planning (ERP)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
ERP Administrator 42 63 84
ERP Consultant 84 132 180
ERP Manager 144 156 168
Head of ERP 180 198 216
Technology, Media &Telecommunications Salary Tables
104 | Michael Page Singapore Salary Benchmark 2020
average salary increase when switching jobs within similar industries
8-10%
Michael Page Singapore Salary Benchmark 2020 | 105
ContractingTop 3 hiring trends
Trending skills
Most active hiring functions
Roles in demand
Developers
Financial Planning & Analysis
Accounts Payable
Compliance Officer
Administrator
1. Companies in Singapore are increasingly involving contract hires in welfare and training programmes.
2. Demand for interim mid-senior level HR and finance professionals is higher now than in 2019.
3. Clients are increasingly using payroll solutions to mitigate frozen headcounts or as an onboarding solution.
AdaptiveProblem solving
Stakeholder management
Human ResourcesFinanceTechnology Office Support
106 | Michael Page Singapore Salary Benchmark 2020
Contracting Salary Tables
Finance & AccountingAnalytics and Business Partnering
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Finance / Business Analyst 48 66 96
Senior Finance / Business Analyst 66 85 100
Financial Planning & Analysis (FP&A) Manager
95 115 130
Financial Planning & Analysis (FP&A) Director
150 200 230
Business Controller 104 156 210
Pricing Manager 90 100 130
Audit, Risk & Control
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Internal Auditor 54 60 75
Senior Internal Auditor 72 85 100
Internal Audit Manager 91 110 130
Internal Audit Director 168 195 234
Risk Governance and Compliance Manager 91 110 156
Enterprise Risk Management Manager 91 110 169
Head of Risk Governance and Compliance 182 195 260
Internal Control Manager 84 110 120
Michael Page Singapore Salary Benchmark 2020 | 107
Contracting Salary Tables
Finance Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Accounts Administrator 30 33 36
Accounts Executive 36 46 48
Accountant, Accounts Payable / Receivable 42 56 72
Manager, Accounts Payable / Receivable 84 91 120
Credit Control Executive 36 46 60
Credit Control Manager 80 110 135
Payroll Executive 36 48 60
Payroll Manager 84 100 140
Cost Accountant 48 64 84
Costing Manager 91 117 130
Cost Controller 78 104 156
Revenue Accountant 60 105 108
Revenue Manager 91 102 130
Accountant 48 58 74
Senior Accountant 66 74 84
Finance Manager 85 100 120
Senior Finance Manager 110 125 144
Finance Controller 120 156 180
Finance Director 170 200 250
Head of Finance Operations / Head of Shared Services
169 240 260
Chief Financial Officer 250 325 400
Tax & Treasury
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Tax Analyst 48 70 85
Senior Tax Analyst / Assistant Tax Manager 70 85 100
Tax Manager 80 120 180
Indirect Tax Manager 80 120 156
Transfer Pricing Manager 90 120 156
Head of Tax / Tax Director 180 210 250
Treasury Analyst 48 60 72
Senior Treasury Analyst 60 76 91
Treasury Manager 91 120 156
Head of Treasury / Treasury Director 182 195 260
108 | Michael Page Singapore Salary Benchmark 2020
Contracting Salary Tables
Financial & Fintech - Front Office
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Assistant Banker 48 60 72
Assistant Relationship Manager 48 60 72
Product Marketing Associate 54 60 72
Project Manager, Regulatory Change 120 150 192
Financial & Fintech - Middle OfficeAnalytics
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Junior Business Analyst 48 60 70
Business Analyst 60 80 120
Trade Operations Analyst 36 51 60
Bank Relations Analyst 42 57 66
Liquidity Management Analyst 48 58 60
Client Entity Management Analyst 60 70 72
Equities Operations Analyst 60 70 72
Assurance, Compliance & Risk Management
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Know Your Customer (KYC) Officer 36 50 60
Know Your Customer (KYC) Analyst 48 63 72
Anti Money Laundering (AML) Analyst 39 66 96
Credit Risk Associate 60 70 72
Credit Risk Analyst 60 92 120
Compliance Associate 48 63 72
Compliance Officer 48 72 96
Risk Associate 42 57 62
Assistant Manager Risk Management 48 72 100
Risk and Compliance Manager 72 87 132
Regulatory Transaction Reporting Analyst 60 70 80
Assistant Regulatory Reporting Manager 70 80 100
Risk Analyst 72 94 108
Michael Page Singapore Salary Benchmark 2020 | 109
Contracting Salary Tables
Corporate Strategy & Advisory
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Corporate Access Analyst 48 63 78
Regulatory Change Manager 72 96 156
Customer Service & Operations
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Transfer Agency Associate 36 46 50
Settlements and Trade Support Specialist 36 45 55
Trade Support Associate 60 70 72
Client Operations Funds 36 41 48
Client Service Associate 48 60 80
Client Services Operations Analyst 36 46 54
Sales Support Officer 54 64 66
Sales Support Manager 60 75 84
Operations Manager 60 72 79
Client Onboarding Officer 36 50 60
Client Onboarding Analyst 48 73 108
Credit Admin Officer 48 58 60
Fund Admin Manager 48 58 60
Senior Loan Administration Specialist 48 63 72
Fund Administrator 60 70 72
Financial & Fintech - Back OfficeSecretarial & Business Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Administration Assistant 24 38 48
Receptionist 33 42 54
Office Administrator 36 60 78
Office Manager 48 58 60
Team Assistant 48 66 78
Executive Assistant 60 78 102
110 | Michael Page Singapore Salary Benchmark 2020
Contracting Salary Tables
Human Resources (HR)
Role
Base salary range for 12 months (SGD'000)
Min Median Max
HR Administrator 33 36 42
HR Executive 42 44 48
HR Generalist 48 58 60
HR Specialist 60 63 72
Senior HR Executive 48 55 60
Senior HR and Administration Executive 48 55 60
HR Business Partner 72 87 96
HR Manager 75 92 110
Recruitment Assistant 36 42 48
Recruiter 48 58 65
Recruitment Coordinator 48 55 60
Senior Recruiter 60 70 84
Talent Acquisition Specialist 48 65 72
Talent Acquisition Partner 60 70 72
Project Manager, Human Resources Information Systems (HRIS)
60 92 120
Human Resources Information Systems (HRIS) Specialist
78 90 96
Learning and Development Executive 36 39 42
Learning and Development Manager 54 64 66
Legal
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Legal Secretary 48 65 78
Senior Legal Secretary 78 88 90
Michael Page Singapore Salary Benchmark 2020 | 111
Contracting Salary Tables
Marketing
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Marketing Assistant 32 34 36
Marketing Executive 36 40 48
Marketing Coordinator 42 45 48
Marketing and Event Coordinator 46 49 60
Senior Marketing Executive 48 60 65
Public Relations (PR) Executive 42 54 60
Research Associate 33 34 36
Researcher 42 48 60
Customer Relationship Management (CRM) Data Anaylst
36 48 54
Writer 120 142 160
Procurement & Supply Chain
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Operations Executive 36 48 54
Sales
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Telesales Executive 36 46 48
Sales Support Specialist 36 51 60
Account Manager 60 75 84
Business Development Specialist 72 75 78
112 | Michael Page Singapore Salary Benchmark 2020
Contracting Salary Tables
Secretarial & Business Support
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Office Manager 66 84 156
Receptionist 30 45 57
Personal Assistant 60 90 114
Administrator 45 60 72
Secretary 57 78 90
Executive Assistant 57 90 132
Technology
Role
Base salary range for 12 months (SGD'000)
Min Median Max
Application Support Analyst 50 70 90
User Experience / User Interface (UX / UI) Designer
72 84 96
Senior Software Engineer 70 95 120
IT / System Analyst 54 75 96
Business Analyst 60 75 90
Application Manager 90 108 126
Data Scientist 60 84 108
Enterprise Resource Planning (ERP) Consultant
66 81 90
Data Centre Engineer 45 60 75
Service Desk Analyst 40 56 72
Infrastructure Specialist 45 58 72
Service Delivery Manager 75 85 96
SINGAPOREOne Raffles Place Office Tower 2, #09-61, Singapore 048616 T +65 6533 2777 | F +65 6533 7227 [email protected]