According to a new report by Kelly Services, this year’s highest-paying jobs in Singapore are in these five sectors: information technology (IT), accounting, sales and marketing, banking and finance, and the healthcare and life sciences.
IT tops the 2016 list with technology heads expected to command between S$13,000 and S$24,000 a month, due in part to the Singapore government’s aggressive infocomm sector development. In terms of specific occupations, some of the hot jobs for 2016 are: compliance manager, fintech developer, big data developer, digital marketing manager and scientific and regulatory affairs specialist.
Mr. Foo See Yang, vice-president and country general manager of Kelly Services Singapore has this to say:
“Despite the challenges in the global economy, bright spots remain in the financial technology, big data, as well as digital marketing sectors where demand for talent will continue to rise throughout 2016.”
Additionally, the global economic volatility will lead to more employers turning to temporary and contract work arrangements to fulfil manpower needs.
How much you can earn in the 5 highest-paying sectors:
IT // The Government’s efforts such as the 2015 Intelligent Nation Master plan and the National Broadband Network, is driving growth for the industry. Business development senior account directors and program managers can expect to earn S$12,000 to S$22,000 and S$11,000 to S$14,480 respectively.
ACCOUNTING // The push to develop the accounting industry into a leading global hub for the Asia-Pacific region by 2020 saw sector grow S$1.8 billion in 2015. Chief financial officers can expect to earn S$10,000 to S$20,000 and accounts managers, S$5,000 to S$7,000.
SALES, MARKETING AND ADVERTISING // Mobile marketing is becoming increasingly important as a dominant medium to reach brands’ target consumers. Digital marketers can expect to earn S$6,000 to S$10,000.
BANKING AND FINANCE // While growth in the banking and finance is expected to be low this year, Singapore’s economy continues to be triple-A rated with over 700 financial institutions providing a wide array of financial services. Some bright spots can be seen in the sector as the Monetary Authority of Singapore commits S$225 million to grow the country’s financial technology capabilities.
Financial technology developers are expected to be paid in the range of S$7,500 and S$12,000. Vice-presidents of compliance and risk functions in the banking and finance industry can expect to get S$10,000 and S$17,000.
HEALTH AND LIFE SCIENCES // As Asia’s fastest growing bio-cluster, demand for professionals with specialist skill sets and talent is expected to remain high. The Government’s S$19-billion Research, Innovation and Enterprise 2020 Plan is set to advance and support the sector.
Research and development directors can earn S$8,000 to S$15,000.