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Before choosing a degree or specialisation with the prospects of a future career in a similar field, you’re mostly likely to consider a few factors: is it fulfilling? Is there room for professional development? And most importantly, does it pay well!?
To ease your decision-making process, we have amassed a list of the top-paying jobs in the most lucrative industries in Singapore.
Finance Director
Educational Requirements: Degree/Masters
Salary Range: $15,000-20,000
Years of Experience: >15 years
Senior Manager/Manager Treasury
Educational Requirements: Degree
Salary Range: $7,500-14,000
Years of Experience: 5-8 years
Audit Manager
Educational Requirements: Degree
Salary Range: $8,000-12,000
Years of Experience: 5-8 years
Finance Controller
Educational Requirements: Degree
Salary Range: $10,000-18,000
Years of Experience: 10-15 years
Chief Finance Officer (Banking & Finance)
Educational Requirements: Degree/Master
Salary Range: $20,000-25,000
Years of Experience: >15
Finance Controller
Educational Requirements: Degree
Salary Range: $10,000-18,000
Years of Experience: 10-15
Head of Compliance
Educational Requirements: Degree/Master
Salary Range: $14,000-18,000
Years of Experience: 10-12 years
Finance Director
Educational Requirements: Degree
Salary Range: $15,000-20,000
Years of Experience: >15 years
Sales Manager (Pharmaceutical/Medical Devices)
Educational Requirements: Diploma/Degree
Salary Range: $5,500-8,000
Years of Experience: 6-10 years
Laboratory Manager
Educational Requirements: Diploma/Degree
Salary Range: $5,000-7,800
Years of Experience: 6-10 years
Regional HR Director
Educational Requirements: Degree
Salary Range: $10,000-18,000
Years of Experience: >10 years
HR Director/ Assistant Director
Educational Requirements: Degree/Master
Salary Range: $10,400-15,000
Years of Experience: >10 years
HR Business Partner
Educational Requirements: Degree
Salary Range: $4,000-11,500
Years of Experience: 3-7 years
Manager, Compensation & Benefits
Educational Requirements: Degree
Salary Range: $6,500-9,000
Years of Experience: 5-8 years
Chief Technology Officer
Educational Requirements: Degree/Masters
Salary Range: $14,000-20,000
Years of Experience: >15 years
IT Senior Manager
Educational Requirements: Degree
Salary Range: $10,000-13,000
Years of Experience: 6-11 years
IT Security Manager
Educational Requirements: Degree
Salary Range: $9,200-12,000
Years of Experience: 8-10 years
Senior Test Engineer
Educational Requirements: Degree
Salary Range: $6,500-10,200
Years of Experience: 6-8 years
Network Security Engineer
Educational Requirements: Degree
Salary Range: $4,000-9,000
Years of Experience: 3-7 years
Director/Assistant Director, Logistics
Educational Requirements: Degree
Salary Range: $10,600-18,000
Years of Experience: 10-16 years
Supply Chain Manager/Assistant Manager
Educational Requirements: Diploma/Degree
Salary Range: $4,500-9,800
Years of Experience: 5-10 years
Regional Marketing Director
Educational Requirements: Degree/Masters
Salary Range: $13,000-18,000
Years of Experience: >10 years
General Manager/Head of Sales/Business Development Head
Educational Requirements: Degree
Salary Range: $15,000-20,000
Years of Experience: >12 years
Director of Corporate Communications
Educational Requirements: Degree/Masters
Salary Range: $11,000-16,000
Years of Experience: >10 years
Deputy Manager, Commercial (Real Estate/Property Development)
Educational Requirements: Degree
Salary Range: $7,000-13,000
Years of Experience: >8 years
Project Manager
Educational Requirements: Diploma/Degree
Salary Range: $8,500-11,000
Years of Experience: 5-9 years
Product Support Engineer
Educational Requirements: Degree
Salary Range: $5,000-9,000
Years of Experience: 5-8 years
Technical Services Manager
Educational Requirements: Diploma
Salary Range: $6,500-9,500
Years of Experience: 4-6 years
Senior Civil Engineer/Engineer
Educational Requirements: Degree
Salary Range: $3,500-8,000
Years of Experience: 3-8 years
From this article alone, you can probably identify the clear commonalities between all these high-paying jobs: many years of experience and a degree. However, the truth is, some jobs are much easier to acquire than others, with comparable salaries as well! Everyone wants to be a CEO, CTO and CFO, but reality stands that only a select few will be able to attain such a career. The good news is, there are many more low-hanging fruits than you’d expect. In fact, the barriers to entry of many high-salaried engineering and technical careers are significantly lower than others. Why?
It shouldn’t come as a surprise that technology has and is continuing to displace many jobs. The scope of job displacement is true not only for low value-added manual labour. It is also true for many white-collar professional jobs. This is because Artificial Intelligence (AI) is designed to complete tasks that require planning, learning, reasoning, problem-solving and predicting, skills necessary for white-collar jobs.
Singapore’s conducive environment for investments in robotics and the Internet of Things (IoT) make our labour market even more susceptible to a much higher displacement of workers. In fact, these new technologies are transforming one of our most strategic industries, high-tech manufacturing.
Singapore’s manufacturing base has been preparing to adopt digitalisation and automation of its processes. Consequently, companies will require skilled and innovative engineers to create, implement, support and maintain new solutions, technologies and systems that have been ushered in the modern era.
In fact, engineering skills across all disciplines will be needed to design, build, troubleshoot and maintain the integration between AI, autonomous machines and manufacturing processes. With the increasing use of technologies such as cloud computing, analytics, automation, the Internet of Things (IoT), additive manufacturing, artificial intelligence and autonomous robots, the job of engineers is increasingly valuable for any advancements in manufacturing.
However, despite industrial trends signifying a growing demand for labour in engineering science, four out of the top 10 the professions with the most significant number of vacancies today are engineering-related. According to the Manpower Group’s 2018 talent shortage survey, 56% of employers in Singapore struggle in recruiting talent from engineering and IT sectors. With a further study by SMU and JP Morgan revealed that the electronics and electrical engineering sector currently faces a skills gap.
As the host of leading internal players in manufacturing, logistics and finance, companies will require skilled and innovative engineers to create, implement, support and maintain new solutions, technologies and systems that have been ushered in the modern era. That being said, many engineering jobs will be created from the sheer demand for this technical expertise.
Auston offers one of the most rewarding and fast-track engineering programs in Singapore. As one of the only engineering-specialised institutes of higher education in Singapore, they offer high-quality and academically rigorous programs ranging from diploma to degree levels. They have established a remarkable community of students and alumni passionate about the industry and continue to nurture many aspiring engineers, with graduates working for globally recognised MNCs.
Find out how you can benefit from their world-class programmes in Electrical Engineering, Mechanical Engineering, Construction Project Management and many more, to fast-track your career in Engineering!
We recommend that you start looking for degree programmes and hopefully, you choose us.
Many people ask where do I start.
Everyone starts in different place. Your past qualifications and work experience is critical in determining where you go and start. If you’d like to speak to a consultant about joining, please complete the form below and we can get back to you about fees, duration and more.
