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Average salaries in Singapore

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

The Ref
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Re: Average salaries in Singapore

Postby The Ref » Wed, 06 Sep 2017 12:31 pm

duluoz1 wrote:Can somebody give me a ballpark range for a VP at a large foreign bank, in cyber security/infosec? Thanks.

About 100 - 200K depending on many things, such as junior VP to Senior VP (these are often not published or even discussed with you but you will be ranked) as well as where you come from, your race and what is your current salary (hard to get more than 25% increase even if coming from a developing country background).

Notice I didn't put experience first? Singapore is a funny place. I was earning similar to my single peers and they were rich, while I was struggling to pay bills with 2 kids in International School and it actually makes sense in this environment.

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Re: Average salaries in Singapore

Postby duluoz1 » Thu, 07 Sep 2017 10:43 am

Thanks Ref. That is more or less the same as my experience here.

Also your comments about single friends here are very familiar. My childless friends here feel like they have a very high quality of life. I'm less sure, similar to you a huge chunk of my salary is taken up by International School fees. Entirely my own fault, buy that is what will ultimately be the pinch point that forces us to leave Singapore.

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Re: Average salaries in Singapore

Postby MajorSing » Fri, 06 Oct 2017 12:17 pm

Hi,

I've been approached for a Senior Product Manager position with a Tech MNC in Singapore. I will be a foreign hire. It's a bit of a specialised position, I don't think it's been easy for them to fulfill the role. Interviews have progressed well and I'm just waiting on the offer.

As background, I'm Australian, with 10+ years industry experience, and a relevant undergrad and post grad from top AU Universities. Currently my total rem package is AUD $160k plus (and they know this).

I'm married (spouse has transferable skills) with a baby, and have been verbally told they will support relocation from the start.

Given they approached me, and the fact that it's a specialised position, I would assume I have more leverage than most. From my research I'm not expecting a full expat package, but if anyone else has been in/heard of a similar position - what were you able to negotiate as a foreign hire?

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Re: Average salaries in Singapore

Postby ecureilx » Fri, 06 Oct 2017 12:39 pm

MajorSing wrote:Hi,

I've been approached for a Senior Product Manager position with a Tech MNC in Singapore. I will be a foreign hire. It's a bit of a specialised position, I don't think it's been easy for them to fulfill the role. Interviews have progressed well and I'm just waiting on the offer.


As a general yardstick I may expect 20% above curent

Don't think of less taxes here or spouse can get a job

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Re: Average salaries in Singapore

Postby MajorSing » Fri, 06 Oct 2017 1:01 pm

Thanks, I'm hoping for 20% uplift as well, and at minimum - relocation once-offs (visa assistance, temp housing, shipping costs, disturbance allowance, relocation agent etc) and equalisation to AU work (eg 20 days holiday). Will push hard for medical insurance ongoing and potentially some level of childcare support. I think it's less likely I'll get ongoing accommodation support and any transport allowance (local car and flights home). These last few appear to be reserved for Execs and full expats packages...

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Re: Average salaries in Singapore

Postby duluoz1 » Fri, 06 Oct 2017 1:10 pm

Your expectations sound about right. Medical coverage is very standard here, so don't let them tell you that it's a special benefit. Do look at the coverage though, many company insurance policies here are pretty poor in terms of limits on outpatient expenses for example, which will rack up with a baby.

Accommodation allowance is possible, but they'll factor that into your total package anyway - ie if you do get that it'll probably mean a lower salary.

Agreed re flights home and a car. Cars are very rare, flights home less so.

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ecureilx
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Re: Average salaries in Singapore

Postby ecureilx » Fri, 06 Oct 2017 1:28 pm

duluoz1 wrote:Your expectations sound about right. Medical coverage is very standard here, so don't let them tell you that it's a special benefit. Do look at the coverage though, many company insurance policies here are pretty poor in terms of limits on outpatient expenses for example, which will rack up with a baby.

Accommodation allowance is possible, but they'll factor that into your total package anyway - ie if you do get that it'll probably mean a lower salary.

Agreed re flights home and a car. Cars are very rare, flights home less so.


Medical must cover Out patient, and Basic Surgery.

However, you can try to negotiate for family cover, as Medical for foreigners can be expensive. How Expensive ? A delivery can set you back 100,000 if there are complications, and not even major complications.

Good Luck.

PS, I do know an employer who offered the same Salary in SG vs Sydney, saying the taxes are cheaper here.

Not sure how that works, PNGMK may be able to chime in there.

For tax rates: https://www.iras.gov.sg/irashome/Indivi ... Tax-Rates/

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Re: Average salaries in Singapore

Postby MajorSing » Fri, 06 Oct 2017 1:39 pm

Thanks - the comment on medical insurance being reasonably common lines up with my initial research - it sounds like Singapore based offices have taken their cue from U.S policies. But yes, I would argue for family cover strongly given the decent public health here in Aus (nevermind that we opt-in for Private). A second child is a possibility so we would definitely research maternity benefits.

If accommodation allowance is generally built into total salary it sounds like it would be better to push for the cash, as it would be easier to argue for YoY increase, and they wouldn't be able to use any decline in housing market to influence this.

If they were to just offer the same salary as AU I'd likely decline, so I'm in a stronger position there. But a bump in salary, combined with at least some of the perks and lower tax will leave us in a healthy position.

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Re: Average salaries in Singapore

Postby duluoz1 » Fri, 06 Oct 2017 1:49 pm

In my experience, family cover is usually included. Doesn't make any difference to them really, each category (eg outpatient) will include your family, but will be capped at a limit each year. So you should expect family to be covered, but make sure the caps are sensible.

Maternity is a very good point, and we'll worth pushing for.

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Re: Average salaries in Singapore

Postby JBrady » Fri, 27 Oct 2017 11:18 pm

Hello, I'm new to Singapore and new to this forum. It's a nice city. A little warm but I'll get used to it. My dad got a job here and my family relocated from Canberra. School is starting next Feb for me. In the meantime, I'm thinking of working part time and getting to know the culture here a little more. I'm 19. May I know what kind of jobs I can find here that don't require a long term commitment and how should I go about applying for it? Thanks.


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