According to a report from Forbes, Singapore is one of the highest paying countries in Asia for foreigners. The average monthly salary ranges from S$8,000-S$10,000, and that’s not including bonuses or other benefits like stock options or medical insurance. This blog post will tell you about the top 15 highest paying jobs in Singapore per month and how much they pay.
Are You Eligible to Work in Singapore?
You’re eligible to work in Singapore if you have a degree, diploma, or are qualified as an engineer. Foreign professionals must have to speak English, and they also need at least two years of work experience. There is no age requirement for foreigners who want to move here, but there’s one caveat: if you’re going to stay in Singapore for more than two years, you need a work permit.
Requirements And Eligibility For Working in Singapore
For Singaporeans, the requirements are to be at least 16 years old and have a local diploma. They need an employment pass or work permit for foreigners, subject to approval by the Ministry of Manpower (MOM). If you’re 18-30, then you can apply for a work experience program but must return home after two years maximum.
Top 15 Highest Paying Jobs In Singapore For Foreigners
Let’s see the 15 highest paying jobs for foreigners in Singapore, qualifications, and the average monthly salary for each.
Quality Control Heads
This type of job will earn you an average yearly salary of S$92,000 and requires a bachelor’s degree.
The Director of Engineering will earn an average yearly salary of S$80,000 and requires a bachelor’s degree in engineering.
Financial advisors will earn an average yearly salary of S$76,000 and requires a bachelor’s degree in finance.
Head Of Human Resource
Head of Human Resources will earn an average yearly salary of S$75,000 and requires a bachelor’s degree.
One of the highest paying jobs for foreigners in Singapore is a legal counsel earning an average yearly salary of S$74,000 and requires a law degree.
In the medical field, General Practitioners will earn an average yearly salary of S$72,000 and requires a medical degree.
In-House Legal Counsel
The role of in-house legal counsel is one of the highest paying jobs for foreigners in Singapore. They will earn an average yearly salary of S$70,000 and requires a law degree.
Supply Chain Operations Director
The director of supply chain operations is one of the highest paying jobs for foreigners in Singapore. They will earn an average yearly salary of S$70,000 and requires a master’s degree.
Foreign Exchange Dealer/Broker
This individual will earn an average yearly salary of S$70,000 and requires a bachelor’s degree in finance.
Chief Operating Officer
In many Singaporean companies, the Chief Operating Officer is one of the highest paying jobs. They will earn an average yearly salary of S$70,000 and requires a master’s degree in business administration or finance.
Chief Information Officer/Chief Technology Officer
Chief technology officers, earn an average yearly salary of S$70,000 and require a master’s degree in computer science or engineering.
Securities and Finance Dealer/Broker
Securities and finance dealers/brokers earn an average yearly salary of S$70,000 and require a bachelor’s degree in finance.
Marine Superintendent Engineer
We’ve determined that Marine Superintendent Engineers earn an average yearly salary of S$65,000. They require a bachelor’s degree in engineering and marine technology.
Investment Banking Director
Most all Investment Banking Directors earn an average yearly salary of S$65,000 and require a bachelor’s degree in finance or economics.
Regulatory Affairs Director
Regulatory Affairs Directors earn an average yearly salary of S$60,000 and require a bachelor’s degree in engineering or sciences.
How To Apply For A Job In Singapore
If you want to apply for a job in Singapore, you need to know that there are specific prerequisites for most jobs. You will need to make sure that your resume is tailored specifically to the type of position you’re applying for, as well as the company culture and values. Some factors can increase your chances of getting an interview, such as:
Step One– Network and Search
The first and most crucial step to finding the perfect job in Singapore is networking. You should create a LinkedIn account, update your resume with all of your skills and qualifications. Also, join professional associations related to your industry, read trade magazines, go on job interviews for positions.
Step Two- Create a Singapore Style CV
One of the best ways to stand out from other applicants is to customize your resume for Singapore. That means you should include information about work experience, skills, and qualifications in a way that makes sense with Singapore’s job market.
Step Three– Write a Cover Letter
In your letter, you should introduce yourself and describe what skills you can bring to the company. You also want to mention that Singapore is a multicultural society with many different languages spoken by various nationalities.
Step Four- Attitude is Everything
A company wants to know that you’ll be a conscientious, hardworking employee. Share your enthusiasm for the position at hand and let them know why you would excel in this job.
More Key Considerations-
- As a foreigner, you’ll need to be flexible with your hours.
- You have to live in Singapore for at least six months to be eligible.
- You’ll need a work permit as well as an employment pass. Immigration officers have the right to reject your application for any reason, so ensure what you’re prepared with all of the necessary documents and meet their requirements before applying.
The highest paying jobs in Singapore for foreigners are the securities and finance dealers/brokers, marine superintendent engineers, investment banking directors. Regulatory affairs directors earn an average yearly salary of S$60,000. As a result, these three positions are some of the best-ranked salaries on our list.”
FAQ (Frequently Asked Questions)
How is the job market in Singapore?
The job market in Singapore is booming. It’s such a diverse, multicultural city that it provides many opportunities for foreigners to find work and thrive.
The job market has been on the rise since 2007-2009, with jobs available across every employment sector possible (skilled workers are always welcome).
What is a good salary in singapore?
The average salary in Singapore is S$34,000 per year.
Should you aim for the highest paying job in singapore?
Absolutely! Singapore is one of the highest-paying countries in Asia.
How can I find a job in Singapore?
You can find a job in Singapore by searching on the internet or applying for jobs online as you would anywhere else.
How to be self-employed in singapore?
If you want to be self-employed in Singapore, there are many ways of going about this. The first step is to register a business, which is pretty straightforward and can be done online.
How high are the income taxes?
Singapore’s income tax ranges from 0% to 18%. But income tax is only payable on income earned from employment or self-employment.
Can a foreigner get a social security number in singapore?
A foreigner can get a social security number in Singapore, but it is not easy. You will need to show that you have been eligible for the Social Security Office’s (SSO) retirement benefits and other related schemes before they’ll give you one.
The sky is the limit when it comes to career opportunities in Singapore. If you want a high-paying job, look no further than these top 15 jobs for foreigners currently paying more than S$10,000 per month. These positions all require at least some experience or education and offer salaries well above. What most people earn on an average monthly income of about SS$4,500 (USS$3,400).
Getting jobs in Singapore for foreigners is not easy to come by. This is due to the country’s strict immigration policies and the extreme difficulty of getting a work visa if you don’t have any family ties.
However, some positions may be more flexible than others. These include teaching English or working as a freelancer with specific allowances from the government, depending on your qualifications. There are also opportunities for skilled professionals as engineers and accountants. If you’re looking for a job abroad but want something stable with excellent benefits, then look no further!