Singapore is a country that has been rapidly growing in recent years. Its economic growth has been fueled by its ability to attract multinational companies and talent worldwide to come work there.
This influx of people and capital has led to Singapore being one of the best places for professionals seeking high-paying jobs and opportunities for career advancement.
In this article, we will be discussing some of the best paying companies in Singapore in Singapore, what skills they need, how much money they can make each month, and what steps you need to take if you want a job within these industries!
Top Paying Companies In Singapore
Singapore is one of the best places to go for people who are seeking high-paying jobs and opportunities for career advancement. There are many different industries that you can enter into with various levels of skill requirements. Let discuss some of the top paying companies in Singapore.
DBS is one of the top paying companies in Singapore. They are a central bank with branches all across Asia, and they offer a range of banking services, including loans, savings accounts, insurance, and stock brokerage. DBS provides excellent benefits to their employees, such as three-day weekends every month and an onsite fitness center.
- Total Assets: $380 billion
- Net Income: $24.69 billion
- Earnings per Share (EPS): $11.97/share
Average Salary, Experienced People with the following Skillsets and Abilities: Banking, Financial Services Management(Senior), Leadership in Finance or Accounting (Senior).
Salary Range for these Positions: $$128K – $144K USD ($120000 – $144000 Singapore Dollars) on average. Higher ranges of salaries are possible depending on experience level.
Oversea-Chinese Banking Corporation Limited (OCBC)
This is one of the best paying companies in Singapore. They offer a competitive salary, with an average of SGD 11000 per month for their junior officers, and can go up to five times that amount for senior management positions at OCB bank.
- Market Capitalization: $35.07 billion
- Annual Revenue: $19,758 million
- Annually Profit Before Tax (PBT): -$461 thousand
- EPS for the year ending March 31st, 2018: $11.97 per share
OCBC pays their employees an average of SGD 12000 a month, and they have the best-paid CEO in Singapore with annual earnings at just over S$13million.
This company is on our list because it has excellent benefits like retirement plans that are fully vested and matched up to 50% by OCBC’s contribution! All this while still maintaining competitive salaries. Highly recommend working here if you’re looking for one of the best paying companies in Singapore.
United Overseas Bank (UOB)
UOB offers competitive salaries, and they are generous with their leave days by offering 25 annual days off for a part-time employee.
- Market Capitalization: $44.06 billion
- Annual Revenue: S$11,571 million
- EPS for the year ending March 31st, 2018: S$0.35 per share
This company is on our list because it offers employees a 12% salary increment upon completing their first three years with them and an annual bonus of at least 20%. All this while still maintaining competitive salaries.
Singtel is a telecommunications company, and it’s one of the best paying companies in Singapore.
- Market Capitalization: $49 billion (as of November 2018)
- Annual Revenue: S$24,953 million
- EPS for the year ending March 31st, 2018: S$0.76 per share
This company offers an attractive annual bonus that ranges from 0% to 200%. In addition to salary increments upon completion of their first three years with them, Singtel also provides generous leave days by offering 25 annual days off for part-time employees. All this while still maintaining competitive salaries. They also provide pension contributions of up to 12%.
Wilmar International is a company that produces and processes palm oil, cooking oils, rice, sugar cane products.
- Market Capitalization: $28 billion (as of November 2018)
- Annual Revenue: S$25 million
- EPS for the year ending March 31st, 2018: S$0.92 per share
This company offers an attractive paid parental leave incentive program and competitive salaries to their employees on top of other benefits such as holiday pay and medical insurance contributions by Wilmar International, which are not mandatory but are encouraged nonetheless. They also offer pension contributions of up to 12%. In addition, they provide career development programs so that employees can grow with the company.
One of Asia’s largest real estate developers offers competitive salaries on top of other benefits such as holiday pay and medical insurance.
- Market Capitalization: $22.09 Billion
- Annual Revenue: $14,460 Million
- EPS (TTM):$0.57 per share
They offer competitive salaries to their employees, including top benefits such as holiday pay and medical insurance contributions are a worthwhile investment because they will have high retention rates, which mean there is less risk of losing staff in an economic downturn or company restructuring even when other uncertainties exist-especially if they provide opportunities for career development so that people can grow with the company.
It is a non-profit organization that provides affordable accommodation for short-term rentals.
This company has an open-minded culture where people with different backgrounds can flourish in this work environment while being passionate about what they do best.
- Market Capitalization: $110,000
- Annual Revenue: $850,000
- EPS (TTM): $0.02
One of the best paying companies in Singapore is Crowdvilla Pte Ltd. They offer competitive salaries and benefits to their employees, such as healthcare, paid holidays, and a pension plan.
Their social mission is to provide affordable accommodation for short-term rentals by helping people rent out spare rooms or entire homes while providing them with an opportunity to earn money through renting their properties on this platform free from any high commission fees.
This company has an open mind culture where people with different backgrounds can flourish in this work environment while being passionate about what they do best.
Crowdvilla offers competitive salaries and benefits to its employees, including medical insurance, annual leave days, and retirement contributions, just like most other good employers in Singapore.
Singapore’s largest group of companies, listed on the SGX and NYSE.
Keppel Corp is involved with more than 100 active subsidiaries operating in various industries, including offshore and marine engineering, property development, technology services & solutions, and renewable energy resources.
- Market Capitalization: $20.87 billion
- Annual Revenue: $14.47 billion
- EPS (TTM): $0.78
Keppel Corp is a great place to work if you are looking for stability in your employment and salary packages. It also offers enhanced benefits such as medical insurance, which means that there’s less need to worry about having enough funds when it comes time to retire. The company provides stability in one of the world’s most volatile economies – Singapore!
Olam is based in Singapore and is one of the world’s leading producers, processors, and marketers of agricultural commodities.
- Market Capitalization: $14.19 billion
- Annual Revenue: $18.96 billion
- EPS (TTM): $0.58
The company also has a strong social responsibility policy in place, which ensures that they are doing all that they can for sustainable farming practices while providing the best possible benefits to its employees as well as their families who may not be employed with them presently but were once before or will eventually join them in future positions at Olam International due to their family ties. This makes it an attractive employer prospectively speaking!
Flextronics is a global manufacturing company that specializes in electronics and engineering. The company has been providing businesses with solutions for many years. They have successfully branded themselves as the best manufacturer of electronic products in Singapore based on their track record over the last few decades. They are also one of the best paying companies in Singapore according to various media outlets’ surveys due to their competitive salaries that depend on experience.
- Market Capitalization: $14.36 billion
- Annual Revenue: $14.36 billion
- EPS (TTM): $-0.15
The best paying companies in Singapore are the ones that offer competitive salaries to employees who have a lot of experience in specific fields or industries such as engineering, for example. For those with less than five years of work experience, their salary will be around $1300-$1800 per month, while those with over 15 years can get up to $4000-5000 without even having any high education qualifications. The list is not just limited to engineers, though, and includes lawyers, accountants, human resources specialists, marketing professionals, etc., depending on what industry they’re looking for work.
Frasers Property was established in Singapore back in 1964 and has grown to become the largest property developer in this country over time with 630 buildings of residential apartments, offices, malls, etc.
- Market Capitalization: $14.36 billion
- Annual Revenue: $14.36 billion
- EPS (TTM): -$0.15
They offer a good salary for all levels of employees from the Vice President on down.
In 2015, Frasers Property announced its successful listing in Singapore and London Stock Exchange with a market capitalization of $14 billion.
The total number is 25-50% less than what it should be because some companies don’t publish their salaries online or as complex data, making it difficult to find out specific numbers.
Average Salary: $1300-$1800 per month (as an engineer)
Engineer salary will be around $1300-$1800 per month while those with over 15 years can get up to $4000-5000 without even having any high education qualifications. The list is not just limited to engineers, though, and includes lawyers, accountants, and more.
China Aviation Oil
CAO is the largest oil and gas company in China, with a market capitalization of $23 billion.
- Market Capitalization: $14 billion
- Annual Revenue: $14 billion
- EPS (TTM): $0.83
Minimum Requirements: Bachelor’s degree in Engineering or related field. As well as fluency in English and Mandarin, there may be training required to achieve this level if you are not fluent. Fluency is also needed because the business operates across China and Asia Pacific regions, with headquarters based in Beijing. Applicant should have working experience of at least three years within the oil and gas industry; otherwise, it will require a one-year comprehensive training program before he/she can handle professional work independently.
They will pay engineers around 2500-3000 dollars per month if they have 15 years of experience or more without any qualifications needed. CAO has over 300 offices globally, making it one of those most popular long-term employers that you might want to work at!
Sembcorp is energy and urban company with headquarters in Singapore. They offer many jobs for different engineering fields, the oil and gas industry, healthcare, or finance.
- Market Capitalization: $15.33 billion
- Annual Revenue: $15.33 billion
- EPS (TTM): $-0.38
The company is well-known for being one of the best paying companies in Singapore, with salaries of around 2500 dollars per month even at low levels of experience.
Trafigura oil and petroleum products traders company offers a wide range of positions and activities for people with different levels of experience.
- Market Capitalization: $26.25 billion (SIX)
- Annual Revenue: $15.414 billion
- EPS (TTM): $-0.095
The average salary is around 2500 dollars per month, even at low levels of experience, making this one the best paying companies in Singapore you might want to work at! The company has over 20 years of history and it started its first commercial operations outside Europe in 1988.
After reading this article, you should now know the best paying companies in Singapore. Now it is up to you which company looks suitable for your career goals and what industry interests you most! Good luck with finding a job that pays well!
FAQ (Frequently Asked Questions)
Which company pays the highest salary in Singapore?
It is difficult to answer which company pays the highest salary in Singapore. The starting salaries can range from S$12,000 to as high as S$25,000 per year for fresh graduates with no relevant experience and qualifications. In contrast, experienced professionals might earn a median yearly income of about $40,500 (or about $30,000)
Which is the best company in Singapore?
The best company in Singapore we are listed above.
Is 200K a good salary in Singapore?
200K is a very good salary in Singapore.
What salary is needed to live comfortably in Singapore?
To live comfortably in Singapore, it is recommended to earn about $30,000 or more per year.
But you can still survive with less by adjusting your lifestyle and living costs accordingly!
What makes singapore a tax haven?
Singapore is a tax haven because of its strict policies on foreign ownership, low corporate taxes, and high savings rates.
Should you set up a Singapore company for your business?
It is advisable to set up a Singapore company to benefit from the low corporate taxes and foreign ownership restrictions.
What job seekers should know?
Job seekers should know that Singapore’s unemployment rate is low and salaries are high. They also must ensure that they have the correct visa to stay and work in Singapore.