Singapore is Asia’s leading financial hub, attracting talent worldwide with its dynamic finance sector. In 2025, finance professionals enjoy some of the highest salaries in the country, reflecting their critical roles in banking, asset management, insurance, and fintech industries. This article provides an in-depth salary comparison of the top paying jobs in Singapore’s finance sector, outlining salary ranges, job responsibilities, qualifications, and career growth opportunities.
Why Understanding Salary Comparison in Singapore’s Finance Sector Matters
For finance professionals and job seekers, knowing how salaries compare across different roles helps:
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Make informed career decisions
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Negotiate better pay packages
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Understand industry demand and specialization premiums
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Plan long-term career development and education
Salary data also reflects Singapore’s evolving financial landscape and talent needs in 2025.
Summary Table: Top Paying Jobs in Singapore Finance Sector 2025
| Job Title | Average Monthly Salary (SGD) | Key Qualifications | Primary Responsibilities |
|---|---|---|---|
| Chief Financial Officer (CFO) | SGD 25,000 – SGD 50,000 | Degree + MBA/Professional Certs | Lead finance strategy and management across company |
| Investment Banker | SGD 15,000 – SGD 40,000 | Degree in Finance/Economics | Advise on mergers, acquisitions, capital raising |
| Fund Manager | SGD 12,000 – SGD 35,000 | CFA, Finance degree | Manage investment portfolios to maximize returns |
| Risk Manager | SGD 10,000 – SGD 25,000 | Degree + Risk Certifications | Identify and mitigate financial risks |
| Actuary | SGD 8,000 – SGD 22,000 | Actuarial exams, math/statistics | Analyze financial risks and insurance liabilities |
| Financial Analyst | SGD 5,000 – SGD 15,000 | Degree in finance/economics | Perform data analysis for investment and business planning |
| Compliance Officer | SGD 6,000 – SGD 18,000 | Law/Finance degree + certifications | Ensure regulatory compliance within financial institutions |
1. Chief Financial Officer (CFO)
Role Overview
The CFO is the highest-ranking financial executive responsible for corporate finance, strategic planning, and investor relations. CFOs guide business growth and financial sustainability.
Salary Range
CFOs in Singapore earn between SGD 25,000 and SGD 50,000 monthly depending on company size and industry.
Qualifications and Skills
A degree in finance or accounting, supplemented by an MBA or professional qualifications like CPA, CFA, or ACCA, is common. Strong leadership and strategic skills are essential.
Career Path
Many CFOs start as finance managers or controllers before moving up to executive roles.
2. Investment Banker
Job Description
Investment bankers facilitate mergers and acquisitions, initial public offerings (IPOs), and other capital market transactions. They advise corporate clients on financial strategies.
Salary Insights
Typical monthly salaries range from SGD 15,000 to SGD 40,000, with bonuses often significantly increasing total compensation.
Entry Requirements
A degree in finance, economics, or business is required. Internships and CFA certification improve prospects.
3. Fund Manager
Role and Responsibilities
Fund managers oversee investment portfolios, making decisions on asset allocation, security selection, and risk management to meet client objectives.
Salary Range
Salaries range from SGD 12,000 to SGD 35,000 per month. Successful fund managers often receive performance-based bonuses.
Necessary Qualifications
CFA charterholders with strong analytical skills and market knowledge are preferred.
4. Risk Manager
Job Scope
Risk managers identify, evaluate, and mitigate risks within financial organizations. This includes credit risk, market risk, and operational risk.
Salary Expectations
Monthly salaries typically fall between SGD 10,000 and SGD 25,000.
Certifications and Skills
Degrees in finance or statistics with certifications like FRM or PRM enhance employability.
5. Actuary
Job Summary
Actuaries use mathematics, statistics, and financial theory to assess risk and uncertainty, primarily in insurance and pension planning.
Salary Range
Salaries range from SGD 8,000 to SGD 22,000 monthly depending on experience and certification level.
Professional Requirements
Passing a series of actuarial exams is required, along with strong analytical and problem-solving skills.
6. Financial Analyst
Role Description
Financial analysts evaluate financial data, create reports, and support investment decisions. They may specialize in equity, fixed income, or corporate finance.
Salary Range
Monthly salaries typically range from SGD 5,000 to SGD 15,000.
Qualifications
A bachelor’s degree in finance or economics is standard; certifications like CFA can boost pay.
7. Compliance Officer
Overview
Compliance officers ensure financial institutions adhere to legal and regulatory standards. They design policies and conduct audits.
Salary Insights
Salaries range from SGD 6,000 to SGD 18,000 monthly.
Key Qualifications
Degrees in law or finance plus certifications such as CAMS or CRCM are highly regarded.
Factors Affecting Salaries in Singapore Finance Sector
Industry and Company Size
MNCs and financial institutions in banking and asset management tend to offer higher pay.
Experience and Education
Advanced degrees and professional certifications significantly impact salary levels.
Market Demand and Economic Climate
High demand for fintech and risk management skills influence pay trends.
Salary Comparison Table by Role and Experience
| Job Title | Entry-Level (SGD) | Mid-Level (SGD) | Senior-Level (SGD) | Notes |
|---|---|---|---|---|
| CFO | 20,000 | 35,000 | 50,000 | Bonuses often substantial |
| Investment Banker | 15,000 | 25,000 | 40,000 | Bonus-driven compensation |
| Fund Manager | 12,000 | 22,000 | 35,000 | Performance bonuses common |
| Risk Manager | 8,000 | 15,000 | 25,000 | Certifications boost pay |
| Actuary | 7,000 | 15,000 | 22,000 | Exam completion matters |
| Financial Analyst | 5,000 | 10,000 | 15,000 | Entry-level varies by sector |
| Compliance Officer | 5,500 | 10,000 | 18,000 | Regulatory focus |
Frequently Asked Questions (FAQs)
1. Which finance job pays the highest in Singapore?
Chief Financial Officer (CFO) generally has the highest salary, followed by senior investment bankers.
2. How important are certifications like CFA in the finance sector?
Highly important; certifications often increase earning potential and career opportunities.
3. What is the typical salary range for entry-level finance jobs?
Entry-level roles start around SGD 5,000 to SGD 15,000 depending on specialization.
4. Are bonuses common in finance sector jobs?
Yes, especially in investment banking, fund management, and senior executive roles.
5. How does company size affect finance salaries?
Larger multinational companies typically offer higher pay compared to smaller firms.
6. Can finance professionals switch between public and private sectors easily?
Yes, skills are often transferable but public sector salaries tend to be lower.
7. What are the emerging finance roles with high salary potential?
Fintech specialists, data analysts, and compliance officers in financial regulation are growing.
8. Is work-life balance good in top paying finance jobs?
Work-life balance varies, with roles like investment banking often requiring long hours.
9. How can I increase my salary in finance?
Pursuing advanced education, certifications, and gaining experience in high-demand areas help.
10. What languages or skills are valued in Singapore finance sector?
Proficiency in English, Mandarin, data analytics, and regulatory knowledge are advantageous.
Conclusion: Navigating Salaries and Careers in Singapore’s Finance Sector
The finance sector in Singapore offers lucrative career paths with salaries reflecting experience, specialization, and industry demand. From CFOs commanding top pay to analysts and compliance officers shaping the industry, understanding salary comparisons can guide your career decisions. Invest in relevant education and certifications, stay updated with market trends, and target growing areas like risk management and fintech to maximize earning potential in 2025.