SINGAPORE - The five highest-paying sectors in Singapore are banking and finance; oil, gas and petrochemicals; pharmaceuticals; semiconductors; and, information technology, according to a new report by staffing firm Kelly Services.
Its 2015 Singapore Salary Guide also highlighted several jobs as particularly high-paying. Network and systems engineers can make up to $4,000 to $7,000, while application development consultants can earn up to $5,000 to $7,000 and financial accountants can earn up to $4,500 to $9,500. Supply chain managers can earn up to $5,000 to $14,000 and compliance managers can make up to $10,000 to $12,500. These figures apply to experienced professionals.
-- GRAPHIC: KELLY SERVICES 2015 SINGAPORE SALARY GUIDE
Four other things Kelly Services says about the Singapore jobs market:
1. Industries that are expected to grow in 2015 are banking & finance, life sciences, supply chain, procurement and logistics and advanced manufacturing.
2. In banking and finance: Changes in financial regulations have raised demand for staff managing compliance and risk management. Compliance managers can expect to earn $10,000 to $12,500 monthly, while risk managers can look forward to salaries of $12,500 to $14,000.
The entry of new players into the banking scene has also increased demand for relationship managers. They can expect to earn $7,500 to $18,000 per month.
3. In healthcare: With eight of the top 10 pharmaceutical and medical technology firms basing their headquarters in Singapore, there is growing demand for those with expertise in the laboratory, technical sales and regulatory affairs.
4. In information technology: Growing demand for mid-level IT professionals, with businesses increasingly concerned with cyber-security.