Which Careers Will Make You The Most Money in Singapore Now?
Singapore is currently one of the most developed countries in the world and perhaps one of the most interesting country to live in. Choosing the ideal career in Singapore is therefore important especially considering for anyone planning to live there or anyone entering the job market.
The impressive growth that the country has enjoyed makes it one of the most mature job markets in the world with many opportunities that are available. It is also highly competitive meaning that it is not so easier to secure a well-paying job in the country. It is therefore important for anyone who wants to join the working-class in the country to assess the careers in Singapore and determine which one best suits them. Below are some of the best-paying jobs in the country.
This is arguably one of the best careers in Singapore especially considering that c software applications and software applications are in high demand. Software developers are therefore very much in demand especially those that have more than five years of experience. Salaries for software developers in Singapore range between $4,000 and $12,000 on a monthly basis.
The demand for experts in IT security in Singapore is directly proportional to the increasing importance of digital IT solutions. The job description usually involves configuring assessment tools, scanning for vulnerabilities, identifying the threats and implementing the necessary security measures. IT consultant salaries in Singapore range from around $7,000 to $10,000 per month. However, such opportunities usually demand more than six years of experience in IT security.
Experts in IT services especially those that deal with coming up with IT solutions and that are used to improve organizational structure. IT service managers in Singapore average salary that is between $8,563 and 8,739 meaning they have some of the best jobs in Singapore. However, this depends on the level of experience which in most cases is more than four years to get that kind of a monthly salary. Additionally, employers willing to pay that much usually require at least a few years of experience.
Fintech is one of the most critical industries in an economy and it is a sector that is constantly demanding improvements. This means that companies driving fintech are in constant demand for the best skills that can help achieve the desired development. The job description usually revolves around the creation of new financial application tools that are supposed to help boost the processes of digital transactions. This means that fintech developers play a role in determining how future generations use money. The salary range for fintech developers with good experience is between $7,500 and $12,000 per month.
Finance compliance management
These types of jobs are also in high demand in Singapore as a result of the rapidly growing finance sector. Finance compliance managers are tasked with making sure that their companies operate within the guidelines of changing laws in Singapore. This means that they have to make sure that their companies respond and conform to any new laws implemented by the country’s parliament.
Salaries in Singapore for finance compliance managers who have around 4-7 years of experience range from $5,000 to $10,000 per month.
Digital marketing management
Jobs that revolve around digital marketing are quite lucrative especially because Singapore is a very mature country in terms of commerce and especially e-commerce thanks to massive digital penetration. Digital marketing management jobs happen to be at the top of the chain of command as far as jobs in digital marketing are concerned. This means that they are critical jobs and as such, they are lucrative and subsequently high-paying. Digital marketing managers have a salary of more than $6,000 per month but they require candidates to have more than four years of experience.
Physicians or general practitioners
There is no doubt that medical practitioners have some of the highest salaries in Singapore and also in the rest of the world. In Singapore, physicians earn between $8,292 and $10,266 per month. Securing a career as a general practitioner requires a post-graduate degree which takes about five years.
Law is also another career that is globally recognized to have good payouts and as far as Singapore salaries are concerned, lawyers are right up there with the best-paying careers. This is especially for lawyers who handle civil and criminal matters in court. Their average monthly salary is between $9,400 and $10,672. Just like all the other career options mentioned here, Law is highly specialized.
Engineering especially in the marine industry
Engineering is also one of the most popular career paths that pay good salaries in Singapore and as such, they are also in high demand. However, Marine Superintendent Engineers are at the top of the list as far as all engineering jobs are concerned. The job description usually includes carrying out maintenance and budgeting on fleet vessels that belong to their companies. The average Singapore salary of a Marine superintendent engineer is between $9,003 and $11,245 per month.
University lecturers in Singapore make quite a handsome salary from teaching vocational and academic content in institutions of higher learning in the country. A university lecturer earns more than $11,000 per month and so clearly it is a good career choice. However, in order to get to that level, one would have to be a Master’s degree or Ph.D. holder in the chosen field that they wish to teach.
Forex might be one of the trickiest job markets to get into but with enough dedication, one can get there and it can be quite rewarding. It is among the highest paying jobs in Singapore with the monthly salary for a forex broker coming in north of $14,000. Such job opportunities are usually offered by hedge funds, banks, and insurance companies. However, such firms usually require applicants to have a degree in a finance-related field.
As you may have noticed, all the careers mentioned above require a high degree of specialization. They also require significant experience. It is therefore important for anyone looking to follow any of the above careers in Singapore to be very committed to whichever career path they choose and most of all, to exercise patience.