Job Salaries In Singapore: This Survey By Robert Walters Reveals If You’re Underpaid!
Bonus season is here again- and while more money is always great, the other question mark will be- what increment can you expect to get? And even with an increment, are you being paid what you should be, and what are your peers in your industry making? All questions that you’re dying to know the answer to, yet not exactly easy to answer.. except that specialist professional recruitment firm Robert Walters have just announced their 20th edition of their annual salary survey for 2019, sharing insights on key recruitment opportunities and challenges faced by industries! If you’re wondering which are the jobs most in demand by employers in 2019, it’s apparently roles for: Data Scientist; Cyber Security Specialist; UX designer; Head of Digital!
And, of course, how much moolah you should be making. Here’s some salary data from their report that we found interesting:
If you’re working in tech..
“In 2018, we saw active recruitment for tech professionals across all sectors. Government investment in technology and the local start-up ecosystem continued to fuel the growth of start-ups which, in turn, encouraged established firms and organisations to accelerate their digital transformation programs. Companies are exploring emerging technologies such as artificial intelligence and machine learning, and are looking for data scientists and architects to help manage their data. There is a shortage of skilled domestic talent and employers may have to look overseas to secure the talent they need. ”
And salary wise? (All numbers in SGD per annum)
Chief Information Officer: 3-600k
IT Director: 150-300k
Program Manager: 180-280k
Infrastructure Project Manager: 80-200k
Applications Project Manager: 80-200k
Service Delivery Manager: 100-170k
Business Analyst: 65-150k
Head of Infrastructure: 150-200k
IT Manager: 96-180k
Technical Lead: 90-170k
Systems Admin: 65-150k
Chief Technology Officer: 180-450k
Developer: 80-160k
Cyber Security Officer/Head of Cycer Security: 190-350k
IT Risk Manager: 120-180k
Data Architect: 100-240k
Data Engineer 100-250k
Data Scientist: 72-250k
Data Analyst 60-96k
If you’re working in accounting and finance..
“Staffing levels for the junior to mid-level market were buoyant in 2018. In particular, companies sought to hire commercial analysts, financial change management professionals in specialist markets such as tax compliance and advisory.
The growth in the mergers and acquisitions sector also drove demand for candidates with strong corporate finance experience both within advisory and in-house corporate finance functions. Senior-level hiring, however, remained relatively modest as companies continued to restructure, streamline and outsource accounting functions. Regional offices were reorganised to become leaner, with greater emphasis on local and group operations, resulting in fewer senior-level jobs. We expect these trends to continue in
2019. The shortage of talent will mean that professionals with tax compliance and change management expertise
will remain sought after. For junior and mid-level roles, candidates can anticipate 10-15% pay rises when moving jobs. Salaries are expected to rise minimally for senior-level roles due to increased competition and fewer opportunities. Candidates should exercise flexibility in their expectations, and consider the opportunity to up-skill or gain exposure in other industries.”
And salary wise? (All numbers in SGD per annum)
Chief Financial Officer: 300-450k
Finance Director: 250-300k
Financial Controller: 140-180k
Corporate Finance Manager 150-220k
Internal Audit Director: 200-250k
Internal Audit Manager: 120-180k
Senior Auditor/Auditor: 75-110K
Tax Director: 220-300k
Accounts Executive: 45-55k
Treasury Director: 200-250k
Consumer/Retail Banking/ Tech. Corporate/Transaction Internal Audit: 45-75k
If you’re working in sales and marketing..
Recruitment levels remained healthy across the fast-moving consumer goods (FMCG), healthcare, industrial, professional services, retail and travel sectors in 2018.
Digital marketing professionals were in high demand across all sectors, with new roles created due to changing consumer habits. As companies continue their digitalisation efforts in 2019, there will be increasing demand for sales and marketing professionals with big data, digital, e-commerce and transformation experience. Hiring managers are also expected to struggle to secure sales professionals who have strong prospecting abilities, due to high demand for such talent. Given the saturated market, pharmaceutical and medical devices companies are looking for sales and marketing professionals who are able to go beyond traditional sales, business development and marketing to help their business stand out from the competition. Candidates with multiple skill sets, particularly in consulting, digital marketing and project management, will be highly sought after but expensive due to the shortage of such talent. The industrial space will continue to see an injection of talent and resources within marketing and internal communications as organisations introduce more employee retention initiatives.
And salary wise? (All numbers in SGD per annum)
Sales and Marketing director (Consumer & Technical Healthcare) : 180-240k
Sales Manager (Consumer & Technical Healthcare): $100-140k
Key Account Manager (Consumer & Technical Healthcare): 80-100k
Marketing Manager (Consumer & Technical Healthcare): 100-140k
Digital Marketing Manager (Consumer & Technical Healthcare): 100-160k
Public Relations Manager (Consumer & Technical Healthcare): 80-120k
General Manager/Managing Director (B2B & Industrial Sales and Marketing) :200-400k
Sales Director (B2B & Industrial Sales and Marketing) : 180-300k
Key Account Manager (B2B & Industrial Sales and Marketing) : 85-150k
Brand Manager (B2B & Industrial Sales and Marketing) : 80-120k
Digital Marketing Specialist (B2B & Industrial Sales and Marketing) : 90-120k
Online/Digital Marketing Manager (B2B & Industrial Sales and Marketing) : 120-160k
Public Relations Manager (B2B & Industrial Sales and Marketing) : 90-120k
Couldn’t find your industry or your job’s salary range? Head to the Robert Walters Salary Survey 2019 here!
By Kelvin Tan, Editor for Men’s Health Singapore
