Highest paying jobs in Singapore: Job roles to watch out for in 2020

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According to Robert Half, companies are being pressured by the current job market to raise salaries to attract and retain in-demand and scarce professionals, especially in the IT sector.

Curious about what are the top-paying jobs in 2020?

As expected, many tech jobs are listed as high paying jobs this year and are highly likely to continue to be high paying jobs in 2020.

Marketing, sales and engineering also fall under the list.

Not forgetting HR directors.

“In 2020, HR directors in permanent roles will be able to earn S$220,000 to S$300,000 per annum.”

Human Resources Online
Positive work culture not only attracts talents but retains and motivates them too!

Based on many recent researches, work culture is currently one of the top considerations when choosing a job, followed by career growth opportunities and flexible work options.

And more companies are seeing them as effective recruitment tools, emphasising them in job ads.

Read also: 5 Ways to Recruit Passive Job Seekers

However, a job ad listing a high salary will still without a doubt attract your attention as you scroll through job portals. 

The salary an opening offers will always remain a consideration for all job seekers.

Most of you may choose a good company over a good salary. But everyone, including you, will hope to have the best of both worlds.

And may still be in dilemma when accepting a job.

Well, fret not as more companies are realising the importance of a positive work environment, flexible work options and growth opportunities. 

More than 80% of HR leaders say positive employer branding is significant to attract talents, reported by Undercover Recruiter statistics.

Furthermore, more organisations including those in the healthcare industry have hopped on the remote work bandwagon.

And many tech companies are actively hiring flexible job positions, states Forbes.

“Job hoppers can expect

up to 15% more pay.”

Channel News Asia (CNA)

Even the negative stigma of job-hopping is almost fading out. Meaning, more companies understand employees needs and are able to satisfy them better.

To feed your curiosity, we have listed high paying jobs (split by department) for you to take note of in Singapore as you enter the new year.

Scroll down for Job Suggestions!

Read also: Career Tips for Youth: Choosing Your Own Path

1. Technology 

  • Jobs in demand for 2020 include software engineers, automation and robotics engineering, software app developers, IT helpdesk and cybersecurity specialist.
  • Data scientists and UI/ UX professionals are also hot professions as competition between businesses increases and more services are becoming online.
  • Other than that, cybersecurity specialists will be highly demanded due to the increasing number of data breaches occurring in Singapore.
  • Those who are business savvy and tech-savvy are highly demanded by all industries.
  • Soft skills are now essential to excel in your IT career.
  • Technology department is one of the most active hiring functions in Fast Moving Consumer Goods.
  • Internet, Fintech, Healthcare & Medical Devices and Start-Ups are the most active hiring functions in Technology, Media & Telecommunications.
  • Environmental-related jobs are in high demand as agritech companies are rushing to find environmentally sustainable solutions and healthier produce.
  • For contract roles, full-stack developer ($5k to $12k per month), system engineer with cloud experience ($6k to $15k per month), and business analyst ($7k to $15k per month) are the top three most in-demand roles that companies are seeking.
JOB ROLEMEDIAN SALARY PER ANNUM (SGD’000)
Chemicals & Engineering
Lead Data Scientist155
IT Business Partner175
Head of Digital220
Technology Lead230
Technology, Media & Telecommunications
Cloud Architect154
Pre-Sales Manager156
ERP Manager156
DevOps Manager160
Head of Applications / Software Development162
Head of Digital Transformation162
Head of IT Risk and Compliance162
Head of Infrastructure162
Product Director162
Data Analyst Manager165
Head of Service Delivery189
Director of Digital Transformation192
Head of ERP198
Fast Moving Consumer Goods (FMCG)
IT Security Manager155
Head of IT Security180
Infrastructure Director195
Head of IT240
Financial Services & Fintech – Middle Office
Network Design Lead156
Enterprise Architect 156
Chief Data Scientist 156
Head of Software Engineering156
Head of IT Security175
Digital Transformation Specialist180
Head of Software Engineering200
Healthcare & Life Sciences
Business Intelligence (BI) and Data Analytics Manager 160
Digital Transformation Specialist 167
IT Project Director190
Solution Partner / Director190
Retail
Infrastructure Architect150
IT Director195
Services
Head of IT Security180
IT Business Partner190
Vice President of IT Strategy and Architecture195
Head of Enterprise Architecture200
Head of IT240
Others
IT Director – General and Project Management228
Head of Enterprise Architecture235

Source from Michael Page Salary Guide 2020

2. Engineering and Manufacturing

  • Jobs in demand for 2020 include civil engineering, electrical engineering, alternative energy engineer and Manufacturing Director. [NewEngineer.com & mycareersfuture.sg]
  • Kelly Services report reveals that application engineers, maintenance technicians, as well as health & safety engineers are currently in demand.
  • In Singapore, more than 1,000 new engineers will be required every year for public infrastructure projects.
  • By 2020, more than 2,000 jobs in this sector will be created.
JOB ROLEMEDIAN SALARY PER ANNUM (SGD’000)
Chemicals & Engineering
Plant Manager 195
Project Director200
Quality Assurance  Director208
Environmental, Health & Safety (EHS) Director220
Operations Director220
R&D Director234
Fast Moving Consumer Goods (FMCG)
Regional Environment, Health and Safety (EHS) Manager180
Plant Manager 195
Quality Assurance (QA) Director208
Regional Operations Manager220
Healthcare & Life Sciences
Senior Quality Assurance (QA) Manager150
Principal Project Manager 160
Environment, Health & Safety Manager162
Head of Product Development167
Director Quality Assurance (QA)220
Others
Application Manager143
Head of Product Development143
Mechanical Design Manager143
System Architect143
Senior Project Manager143
Quality Assurance Director165
Manufacturing Director 
203

Source from Michael Page Salary Guide 2020

Like what you’re reading? Click here to read more articles, career-related tips, and more!

3. Marketing

  • Highly sought-after marketing roles are mostly related to e-commerce, big data and digital experiences.
  • They include Director of Growth Marketing, digital marketing specialist, marketing data scientist, digital performance marketers, Chief Experience Officer (CXO), President of Brands, brand directors.
  • Moving on, skill sets that are currently and will be hot are digital marketing skills, SEO/ SEM, website design and programming, content generation, data science and analytics and basic graphic design skills.
  • There is increased investment in headcount in the marketing sector of Healthcare and Life Sciences.
JOB ROLEMEDIAN SALARY PER ANNUM (SGD’000)
Chemicals & Engineering
Marketing Communications Director150
Head of Marketing Insights and Analytics165
Senior Product Marketing Manager167
Head of Partnerships175
Marketing Director190
Corporate Communications Director250
Fast Moving Consumer Goods (FMCG)
Digital Marketing Manager128
Head of Marketing156
Head of E-commerce200
Financial Services & Fintech
Product Director155
Director Marketing and Communications170
Senior Marketing Director175
Head of Marketing185
Digital Marketing Director200
E-commerce Director200
Senior Vice President Solution Sales215
Healthcare & Life Sciences
Marketing Manager125
Marketing and Communications Manager 140
Head of Marketing250
Retail
Brand Director137
Director Digital Marketing144
Head of CRM160
Marketing Director162
Head of Marketing Insights and Analytics 176
Head of Marketing and Communications 192
Assistant Vice President E-commerce193
Assistant Vice President Digital Marketing193
Marketing Insights and Analytics Lead195
Head of E-commerce200
Marketing and Communications Director210
Services
Director Digital Marketing144
Marketing Director144
Senior Events Director165
Senior Strategy and Analytics Manager176
Head of Marketing Insights and Analytics180
E-commerce Director216
Vice President Strategy and Analytics250

Source from Michael Page Salary Guide 2020

Read also: Biggest HR & Learning Show Asia 2019 Takeaways and Highlights

4. Human Resource

  • Jobs in big demand will be HR professionals who are HR Business Partners (HRBP) and are able to acquire talent in tech . 
  • They also include professionals with extensive experience in the area of HR technologies and talent acquisition, talent management and development.
  • Research expect salary increment of up to 20 percent for those with skills and experience in the IT, digital and technology sector.
  • With the rise in talent shortage and job market becoming more competitive, HR plays a vital part in sourcing and acquiring the best talent in the market as well as retaining their best employees.
Scroll down for Job Suggestions!
JOB ROLEMEDIAN SALARY PER ANNUM (SGD’000)
Chemicals & Engineering
Human Resources Business Partner (HRBP) Manager135
Director Talent Development135
HR Director200
Technology, Media & Telecommunications
Talent Capabilities Director 150
Talent Acquisition Manager160
Head of Talent Acquisition 210
Director HRBP210
Fast Moving Consumer Goods (FMCG)
Human Resources Business Partner (HRBP) Manager135
Director Talent Development135
HR Director200
Financial Services & Fintech
Senior Talent Acquisition Manager 150
Compensation & Benefits (C&B) Manager150
Senior Talent Development Manager 157
HRBP Manager200
HR Director 245
Healthcare & Life Sciences
HRBP150
Head of Talent Acquisition150
Head of HR240
Retail
General Manager HR275
Head of HR275
Services
Talent Development Manager144
Head of Talent Acquisition150
Senior C&B Manager165
HR Director 250
Head of C&B250
Other
Talent Acquisition Director 180
Learning & Talent Development Director185
Talent Management Experts200
C&B Directors240+
Head of HR – Banking and Financial Service260

Source from Michael Page Salary Guide 2020

5. Finance & Accounting

  • Jobs in demand include accounts assistant, compliance officer, finance executive, client relationship manager, financial analyst and risk analyst.
  • Professionals with business controlling/ FP&A, financial controlling skills and transformation strategy are also sought-after.
  • In 2020, close to 2,000 jobs may be generated in the accounting sector.
  • Approximately 3,000 new positions in this industry and 1,000 in Fintech will be created in 2020 according to Ministry of Manpower.
  • Kelly Services says “Concurrently, the sector is focusing on the adoption of technologies including blockchain and AI (artificial intelligence) to strengthen the country’s digital transformation efforts.”
JOB ROLEMEDIAN SALARY PER ANNUM (SGD’000)
Chemicals & Engineering
Business Controller156
Finance Controller156
Internal Audit Director195
Head of Risk Governance and Compliance195
Head of Treasury / Treasury Director195
Financial Planning & Analysis (FP&A) Director200
Finance Director200
Head of Tax / Tax Director210
Head of Finance Operations / Head of Shared Services240
Technology, Media & Telecommunications
Business Controller156
Finance Controller 156
Internal Audit Director195
Head of Risk Governance and Compliance195
Head of Treasury / Treasury Director195
Financial Planning & Analysis (FP&A) Director200
Finance Director200
Head of Tax / Tax Director210
Head of Finance Operations / Head of Shared Services240
Fast Moving Consumer Goods (FMCG)
Business Controller156
Finance Controller 156
Internal Audit Director195
Head of Risk Governance and Compliance195
Head of Treasury / Treasury Director195
Financial Planning & Analysis (FP&A) Director200
Finance Director200
Head of Tax / Tax Director210
Head of Finance Operations / Head of Shared Services240
Financial Services & Fintech
Vice President Internal Audit151
Financial Controller 165
Vice President Fund Accounting 165
Fund Controller 180
Senior Vice President Fund Accounting 210
Treasury Director212
Finance Director250
Healthcare & Life Sciences (Only Finance)
Business Controller156
Finance Controller156
Internal Audit Director195
Head of Risk Governance and Compliance195
Financial Planning & Analysis (FP&A) Director200
Finance Director200
Head of Tax / Tax Director210
Head of Finance Operations / Head of Shared Services249
Retail
Business Controller156
Finance Controller156
Internal Audit Director195
Head of Risk Governance and Compliance 195
Head of Treasury / Treasury Director 195
Financial Planning & Analysis (FP&A) Director200
Finance Director200
Head of Tax / Tax Director210
Head of Finance Operations / Head of Shared Services240
Services
Business Controller156
Finance Controller156
Internal Audit Director195
Head of Risk Governance and Compliance 195
Head of Treasury / Treasury Director 195
Financial Planning & Analysis (FP&A) Director200
Finance Director200
Head of Tax / Tax Director210
Head of Finance Operations / Head of Shared Services240
Other
Compliance Directors258
Head of International Banking Division400

Source from Michael Page Salary Guide 2020

6. Sales

  • Skill sets such as Customer Relationship Management, customer service etiquette as well as multilingual are expected to boom.
  • According to Randstard, sales jobs dominate the top 5 roles in the best sales and marketing jobs for 2019. With sales associates taking the top spot, followed by store manager and sales manager.
  • The sales and retail industry is one of the few sectors that focuses on staff retention.
  • Sales and marketing professionals skills remain in short supply.
  • Jobs that require human touch such as CRM and customer service are and will still grow.
JOB ROLEMEDIAN SALARY PER ANNUM (SGD’000)
Chemicals & Engineering
Key Account Director170
Business Development Director175
Product Lead175
Head of Sales180
Sales Director200
Commercial Director220
General Manager Sales 240
Technology, Media & Telecommunications
Head of Product151
Associate Sales Director180
Business Development Director186
Head of Sales 200
Fast Moving Consumer Goods (FMCG)
Business Development Manager90
Sales Manager94
Export Manager 94
Financial Services & Fintech
Sales Manager100
Sales Director167
Head of Sales347
Healthcare & Life Sciences
Business Manager150
Commercial Manager160
Senior Business Development Manager175
Product Director190
General Manager Sales215
Sales Director250
Head of Business Development 250
Director Sales & Marketing260
Retail
Business Development Director137
Sales Director141
Head of Sales 150
Franchise Director150
Services
Head of Product144
Head of Sales156
Head of Business Development160
General Manager Sales166

Source from Michael Page Salary Guide 2020

Read also: Employee Referral – The Way to More Successful Job Matches

Scroll down for Job Suggestions!
  • Most in-demand professionals are those who are tech-savvy and have the ability to speak, read and write in Mandarin.
  • Most sought after jobs are legal counsels and compliance-related positions.
  • The more years of experience the professional has, the higher the salary he/ she earns.
  • Also, in-house earn more than compliance and contract & vendor management.
  • According to Human Resource Online, a Human Resource role can go up to SGD$500k per year.
JOB ROLEMEDIAN SALARY PER ANNUM (SGD’000)
Chemicals & Engineering
Senior Compliance Manager155
Senior Legal Counsel 212
Head of Compliance250
General Counsel 280
Technology, Media & Telecommunications
Senior Legal Counsel180
Data Privacy Counsel 215
Associate General Counsel 230
General Counsel285
Fast Moving Consumer Goods (FMCG)
Senior Compliance Manager165
Senior Legal Counsel 212
Head of Compliance 260
General Counsel 280
Financial Services & Fintech
Litigation Counsel160
Legal Counsel170
Senior Legal Counsel 195
General Counsel 310
Healthcare & Life Sciences
Senior Legal Counsel 185
Senior Compliance Manager200
Compliance Director290
General Counsel 300
Services
Legal Counsel145
Corporate Secretary Manager145
Senior Associate – Law Firm175
Senior Compliance Manager175
Senior Legal Counsel195
Partner – Law Firm345

Source from Michael Page Salary Guide 2020

8. C-Suite

JOB ROLEMEDIAN SALARY PER ANNUM (SGD’000)
Chemicals & Engineering (w ASEAN responsibilities)
Chief Financial Office325
Chief Operating Officer350
Chief Executive Officer500
Technology, Media & Telecommunications
Chief Information Officer240
Chief Product Officer275
Chief Technology Officer280
Chief Information Officer300
Chief Financial Officer325
Chief Executive Officer500
Fast Moving Consumer Goods (FMCG)
Chief Product Officer277
Chief Financial Office325
Financial Services & Fintech
Chief Information Officer270
Chief Strategy Officer275
Chief Risk Officer300
Chief Financial Officer325
Head of Private Banking375
Head of Financial Institutions375
Head of Private Equity/ Venture Capital510
Healthcare & Life Sciences
Chief Operating Officer300
Chief Financial325
Services
Chief Technology Officer160
Chief Operating Officer225
Chief Financial Officer325
Chief Executive Officer340
Others
Chief Human Resource Officer275

Source from Michael Page Salary Guide 2020

IoTip: Technology professionals are currently hot across all industries but to make yourself stand out from the crowd:
> Have a good understanding of both global and local cultures and mindset.
> Have both hard and soft skills.

If permanent roles ain’t your cup of tea and you would prefer to job hop, contract jobs can be your option!

It is also said that contract roles are getting more popular not only among employees but employers too. And employees on contract can actually earn quite a sum. 

After reading the salary guide, we hope you would have a gauge of the job trend in the new year.

Although we, IoTalents aims to do our best to guide you to your ideal job, do take the guide with a pinch of salt as it is just to guide you in your career path. 

Looking for a job? Here are some suggestions!

TECHNOLOGY

SALES & MARKETING

ACCOUNTING AND FINANCE

HUMAN RESOURCE

If you happen to ponder across a job that suits your friend or family, why not refer to them the job.

“48% of businesses say their high-quality hires come from employee referrals.”, says LinkedIn.

Looking for other jobs? Simply download Jobs007 via Appstore or Playstore to look at the other job roles available!

Like what you’re reading? Click here to read more articles, career-related tips, and more!


IoTalents.com is an integrated platform for online Hirers and IT Workforce (Employees, Contract workers and Virtual Talents) to get intelligently connected and transact. We match companies to awesome talent, through a precise combination of data science and human judgement.
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