When you are deciding on a career path to pursue, one of the important factors to consider is the job's pay. A high-paying career can help you achieve a high standard of living and afford comforts of life. Some of the highest paying jobs often require more experience and education, while others may call for more specialised skills. In this article, we'll explore some of the highest paying jobs in Singapore, their average salaries and the duties associated with each job.
Highest paying jobs in Singapore
You can find high paying jobs in Singapore across many different sectors. Some of the sectors that offer multiple job opportunities with high salary packages include technology, business, finance and healthcare. To increase your chances of getting a job that offers an above-average salary, you may need to pursue an advanced degree in your field.
Here's a look at the highest paying jobs in Singapore:
Average base salary: $62,726 per year
Primary duties: A financial adviser provides advice on taxes, insurance, retirement and investments to help clients manage their long-term and short-term finances. A financial adviser meets with clients to discuss their financial goals and determine the kind of financial services that may benefit them. They also recommend investments to clients or choose investments on their behalf.
Average base salary: $5,247 per month
Primary duties: Supply chain operations directors coordinate all aspects of the supply chain, including sourcing, planning, production, delivery and disposal. They're responsible for keeping expenses low while striving for high efficiency. They evaluate supply chain strategies, recommend improvements, develop business relationships and train staff members.
Average base salary: $70,065 per year
Primary duties: A general practitioner provides nonsurgical medical care for a wide variety of health issues. They evaluate patients through a series of tests and diagnose conditions such as injuries and diseases. Practitioners provide treatment or refer patients to an appropriate medical specialist. They also prescribe therapy and medication as well as educate patients on preventive healthcare, including regular exercise and proper diet.
Average base salary: $6,046 per month
Primary duties: A head of procurement, also known as chief procurement officer (CPO), is responsible for managing all international procurement efforts to effectively and efficiently enable spend owners such as functional partners and business units to maximise the value they get from suppliers to meet their goals.
Average base salary: $71,659 per year
Primary duties: A chief operating officer (COO), also known as operations director or chief operating executive, oversees the daily operational and administrative functions of a business. They oversee sales, production, manufacturing and personnel matters of a company. They usually report directly to the CEO.
Average base salary: $6,207 per month
Primary duties: A project manager (PM) oversees the successful completion of a project. They are responsible for the development, organisation, implementation and completion of specific projects. This includes setting deadlines, managing employees, communicating with the executives of the company and ensuring a project stays on track and within the budget.
Average base salary: $75,403 per year
Primary duties: The head of compliance is responsible for maintaining a company's ethical and legal integrity. They ensure that all department members strictly follow and adhere to the company's policy. They also ensure that the messaging and behaviour of the company reflect its rules and regulations.
Average base salary: $83,122 per year
Primary duties: Financial dealers and brokers carry out financial market transactions on behalf of their clients and offer advice on financial matters. They obtain information on government regulations, market conditions, securities and the financial circumstances of their clients. They also monitor market changes and futures prices and bid for commodity futures contracts.
Average base salary: $84,771 per year
Primary duties: A trade and ship broker buys and sells commodities and shipping services, typically in bulk, on behalf of their own company or for clients on a commission basis. They establish connections between sellers and buyers of commodities and advice on behalf of them and their requirements.
Average base salary: $7,685 per month
Primary duties: A senior employee relations manager works closely with the company's HR department to investigate any internal issues and work to address these problems confidentially and sensitively. Some of these issues may include complaints of discrimination, harassment or any other issues that they consider high risk.
Average base salary: $8,197 per month
Primary duties: A senior client relationship manager works to improve business relationships with partner clients or firms. Their goal is to build a culture of relationships with customers based on value and trust, instead of just price. This can help create strong barriers to competition.
Average base salary: $98,620 per year
Primary duties: An investment banking director is responsible for bringing in new streams of revenue. They hold meetings with clients to discuss their financial needs and help to grow the business portfolio of the bank.
13. Treasury manager
Average base salary: $100,125 per year
Primary duties: A treasury manager oversees the revenue, cash flow and finances of a company. They analyse a business's cash transactions, generate reports on cash operations and ensure adequate liquidity to prevent the shortage of cash. Treasury managers determine how much cash is available for use and forecast both long-term and short-term cash levels.
Average base salary: $8,424 per month
Primary duties: A director of regulatory affairs is responsible for overseeing industry-specific practices and ensures all company and government regulations are being met. Their duties may include evaluating a company's compliance with industry rules and regulations, training employees and developing new policies.
15. Property agent
Average base salary: $104,482 per year
Primary duties: A property agent helps clients buy and sellers sell properties. They operate, arrange and negotiate sales under the supervision of a real estate broker. They show properties, list properties, fill in contracts and list agreements and purchase contracts.
Average base salary: $107,751 per year
Primary duties: A specialist medical practitioner diagnoses, treats and prevents injury, disease, illness and other mental and physical impairments in patients. They use specialised psychiatric, physical, surgical, medical and diagnostic tools to assist in their practice and closely adhere to the principles of modern medicine.
Average base salary: $109,112 per year
Primary duties: A chief executive officer (CEO) makes major business decisions, manages the overall resources and operations of a company and acts as the key point of communication between the corporate operations and the board of directors.
Average base salary: $116,133 per year
Primary duties: A foreign exchange dealer markets and sells monetary exchange strategies to clients. They may also have to travel long distances to do business and meet with their clients.
19. General manager
Average base salary: $120,782 per year
Primary duties: A general manager handles a company's or department's operations, including controlling costs, generating revenue, overseeing budgets, managing staff and creating marketing strategies.
20. Head of IT
Average base salary: $11,071 per month
Primary duties: A head of IT oversees a company's broad IT management strategies. They maintain the security, functionality and accessibility of all computer resources, including computer hardware, web applications, networking equipment and data storage infrastructure.
Average base salary: $140,701 per year
Primary duties: A regional marketing director is responsible for leading a company's marketing and communication strategy. This oversight may cover several locations or offices and the communication or marketing teams within them.
22. Head of sales
Average base salary: $144,294 per year
Primary duties: A head of sales leads a sales department, oversees activities of senior and junior professionals and monitors performance. They define and communicate the company's key performance indicators (KPIs) after analysing patterns in the market and consumer behaviour. They create data-driven action strategies in order to optimise the company's commercial performance.
Average base salary: $154,438 per year
Primary duties: A chief financial officer (CFO) is responsible for financial planning and tracking cash flow. They analyse the company's financial weaknesses and strengths. CFOs also oversee taxation issues within their company.
Average base salary: $160,586 per year
Primary duties: A research and development director controls, coordinates and carries out research in various company departments, ensuring the continuous innovation of products and work processes.
Average base salary: $163,570 per year
Primary duties: HR directors supervise and provide consultation to management on labour relations, budget, training and development, benefits, compensation and strategic staffing plans.
Average base salary: $181,215 per year
Primary duties: A general counsel works for a single company. They advise on legal matters related to business operations or activities. These legal matters range from agreements with labour unions to government regulations and contracts with other companies.