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As the world hurtles towards an uncertain future, Gen Z and millennials are forging their own path in the ever-evolving job market, armed with unique skills, digital prowess, and an entrepreneurial mindset.
These tech-savvy cohorts are redefining career success, prioritising job satisfaction alongside financial gain, and shattering traditional notions of high-paying careers. In a landscape where innovation reigns supreme, they are seeking positions that offer not just lucrative salaries but also the opportunity to make a meaningful social impact.
Related: Why do I need to tell recruiters and employers my last-drawn salary when making a career move?
The employment outlook in Singapore presents diverse opportunities across industries, reinforcing the importance of agility and continuous learning for individuals seeking to thrive in the dynamic job market.
To help you make informed decisions on your next job search, we have compiled a list of the highest-paying jobs in Singapore, derived from our 2023 Page Insights Salary Guide.
While the list features senior leadership roles, it will help job seekers at any point in their careers identify sectors that can offer competitive salary packages.
Related: The future of work in Asia
A head of private equity or venture capital in Financial Services can command an annual average of S$525,000.
The position is a senior executive responsible for overseeing and managing the private equity activities of a firm or organisation. Private equity firms raise capital from external investors and use it to acquire, operate, and sell companies to generate returns on investment. The head of private equity plays a crucial role in the entire process, from fundraising to deal sourcing, execution, and portfolio management.
(Browse roles in private equity or venture capital.)
It is not surprising that executive positions are among the highest-paying jobs in Singapore. A chief executive officer (CEO) in the Industrial and Manufacturing, and Technology sectors can earn an average of S$500,000 annually.
A chief operating officer brings home an annual average of S$330,000 in the Healthcare and Life Sciences (HLS) industry and S$365,000 in the Industrial and Manufacturing industry.
The salary of a chief financial officer (CFO) can range from S$325,000 to S$350,000 in sectors like Industrial and Manufacturing, Technology, Fast Moving Consumer Goods (FMCG) and Retail, and HLS. Lastly, a chief information officer (CIO) in Technology and a chief strategy officer (CSO) in financial services earn an annual average of S$315,000.
C-suite roles bring immense value to organisations through strategic leadership, vision and innovation, financial management, operational excellence, talent development, stakeholder management, risk management, governance, and change management. These executives play a critical role in driving the organisation’s success, growth, and long-term sustainability.
(Browse CEO, CFO and CIO/CTO jobs.)
A head of private banking can earn from S$320,000 to S$415,000 in the Financial Services sector.
This role oversees private banking activities, including client relationship management, strategic planning, credit consulting, operations implementation and team management. The position requires a strong understanding of financial principles, including risk management, investment analysis, and financial planning, is necessary. This knowledge helps advise clients on wealth management strategies and make informed decisions.
(Browse roles in private banking.)
A head of compliance can earn between S$300,000 to S$350,000 in Financial Services, while the yearly salary for those positions is between S$250,000 and S$290,000 in Industrial and Manufacturing, FMCG and Retail, and HLS.
Compliance heads are crucial for ensuring legal and regulatory compliance, managing risks, promoting ethical behaviour, maintaining reputation and trust, avoiding penalties, enhancing stakeholder confidence, improving operational efficiency, and staying aligned with industry standards and best practices.
Alongside mitigating financial crime risks, compliance professionals also grapple with issues related to ESG (Environmental, Social and Governance).
(Browse compliance roles.)
A head of sales can earn S$347,000 annually in Financial Services, S$200,000 in Technology, $220,000 in FMCG and Retail, and S$250,000 in HLS.
The head of sales position brings value to an organisation by providing strategic leadership and direction to the sales team, driving revenue growth, and ensuring the achievement of sales targets. They are responsible for developing sales strategies, building and managing the sales team, identifying new business opportunities, fostering customer relationships, and optimising the sales process.
Their specific value may vary depending on the organisational structure and goals, such as geographic/territory focus, product/service specialisation, customer/account size, or industry/vertical expertise.
(Browse sales roles.)
A head of procurement can earn up to S$320,000 annually in FMCG and Retail, S$220,000 in HLS, and $260,000 in Financial Services.
Procurement professionals help ensure a company has the items and services to run efficiently. Procurement departments have to manage costs, maximise resources and negotiate supplier contracts. They also need to have a handle on best practices around corporate social responsibility, as more companies are now emphasising sustainable procurement.
(Browse procurement roles.)
A supply chain director can earn between S$129,000 to S$280,000 annually in Industrial and Manufacturing, Technology, and FMCG and Retail.
This position oversees and manages the planning, organisation, and execution of large-scale projects within the supply chain system. They analyse data, identify areas for improvement, and develop strategies to optimise the supply chain processes.
Their responsibilities include coordinating logistics, managing inventory, fostering supplier relationships, and ensuring efficient and cost-effective operations throughout the supply chain. This role is critical in enhancing operational efficiency, reducing costs, and providing a smooth flow of goods and services.
(Browse supply chain roles.)
An HR director or head of HR can earn between S$220,000 to S$260,000 annually in industries like Industrial and Manufacturing, FMCG and Retail, Financial Services, Technology, and HLS.
No longer just an administrative support function, human resources management plays a vital role in fostering organisational success, especially during economic upturn and expansion, as evidenced by the significant remuneration it commands. HR professionals need to have strong analytical skills, help identify problems in the corporation, develop and sustain employee engagement, retain talent and plan for the workforce’s future needs.
(Browse HR roles here.)
A head of marketing in the HLS sector and a marketing director in the tech sector can earn up to S$250,000 annually. In contrast, a marketing head in FMCG earns an annual average of S$162,000, and a marketing director in Industrial and Manufacturing makes S$190,000.
Similarly, a Digital Marketing Director in Financial Services earns an annual average of S$240,000, while the same role in FMCG and Retail brings home a yearly average of S$180,000.
A marketing director or head of marketing works in a highly matrixed environment. It, therefore, needs a big-picture view of how various departments can work together to push out a coherent strategy for their campaigns. Marketing teams are responsible for the company’s marketing and communications strategy to help increase brand awareness and craft a suitable brand image.
(Browse marketing roles.)
An e-commerce director in Financial Services commands up to S$240,000 annually. At the same time, a head of e-commerce can earn up to S$225,000 in FMCG can Retail.
The role of an e-commerce director is to lead and optimise an e-commerce company’s online sales channels, manage the website and online store, develop and execute digital marketing strategies, set goals for the team, ensure scalable growth, and analyse data to drive business performance.
The e-commerce industry has experienced significant growth over the past decade, especially during the covid years. It continues to expand rapidly with the increasing preference for online shopping. Therefore, companies are placing greater emphasis on their e-commerce operations.
(Browse e-commerce roles.)
To get a comprehensive view of salaries and market benchmarks across various industries and roles in Singapore, download the full 2024 Salary Guide, which features the average salary of roles in Singapore's dynamic job market, or use our Salary Comparison Tool to see how your compensation compares to industry standards.
Disclaimer: Salaries can differ from one company to another, depending on your skills, knowledge and experience.
Read more:How to negotiate for a higher salary10 resume templates and tools to make your resume stand outNavigating hybrid work: Redefining traditional work patterns for success in the changing talent landscape
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