As the finance world continues to change at a fast pace, expectations for finance leaders in Singapore are rising as well. Organizations in the Southeast Asian country are increasingly facing challenges, including digital transformation, global economic uncertainty, and regulatory shifts. This, in turn, has made the role of a Chief Financial Officer (CFO) in Singapore more crucial than ever.
As a result, their salaries are notably competitive, ranging from SGD 200,000 to SGD 300,000 per year, with an average of SGD 250,000. These figures reflect the immense demand for experienced strategic thinkers who can balance risk management and innovation with financial stewardship.
This blog will focus on the Chief Financial Officer salary in Singapore and also explore how much they earn in different sectors. It will also explore their leading professional roles and responsibilities.
Source: Glassdoor, as of May 28, 2025
Chief Financial Officer Salary in 2026: What You Can Expect
In 2026, the Chief Financial Officer’s salary in Singapore ranges from SGD 200,000 to SGD 300,000, with an annual average of SGD 250,000. Apart from these, they earn a maximum additional monthly salary of SGD 14,000, with an average of SGD 2000.
The following table enumerates their salary details based on experience:
| Experience Level | Annual Salary Range | Average Annual Salary |
| 1-3 Years | SGD 72,000 – SGD 156,000 | SGD 108,000 |
| 4-6 Years | SGD 264,000 – SGD 288,000 | SGD 276,000 |
| 10-14 Years | SGD 276,000 – SGD 325,000 | SGD 301,000 |
| 15+ Years | SGD 276,000 – SGD 350,000 | SGD 313,000 |
Discover CFO salary trends in Singapore for 2026, including pay ranges, key factors influencing compensation, and expectations for senior finance leaders.
Sources: Glassdoor, as of April 24, 2019, March 4, August 23, 2024, and May 16, 2025
The following table lists CFO salaries by location in Singapore.
| Location | Annual Salary |
| Geylang | SGD 207,543 |
| Tanjong Pagar | SGD 197,745 |
| Outram | SGD 185,942 |
| Bukit Timah | SGD 173,121 |
| Woodlands | SGD 171,974 |
| Shenton Way | SGD 169,752 |
| Jurong Island | SGD 166,343 |
| Queenstown | SGD 161,543 |
Sources: Indeed, as of November 10, 2025
1. Manufacturing
CFOs in the manufacturing sector earn between SGD 200,000 and SGD 400,000 per year in Singapore. One of the top recruiters of these professionals in the country is the pharmaceutical manufacturer Umbrella Corporation.
Source: Glassdoor, as of May 28, 2025
Also read: Chief Technical Officer (CTO) Salary in Singapore
2. Financial Services
A CFO in Singapore’s financial services sector earns between SGD 200,000 and SGD 400,000 per year. The top recruiters in this case are J.P. Morgan, Barclays, and Standard Chartered Bank.
Source: Glassdoor, as of May 28, 2025
3. Automobile
In Singapore’s automotive sector, a CFO can expect to earn between SGD 240,000 and SGD 360,000 per year. The leading employer in this sector is Singauto Private Limited.
Source: Indeed, as of November 10, 2025
Also read: Career Paths in Singapore After Your DBA Degree
4. Technology
The technology sector is also a leading recruiter of CFOs in Singapore. Here, they can expect annual earnings ranging from SGD 156,000 to SGD 192,000. The top recruiter here is Talent Titans Private Limited, a company specializing in human resources recruitment technology.
Source: Indeed, as of November 10, 2025
Also read: CTO: What the Role Means and Why it Matters Today
5. Real Estate
The real estate sector in Singapore pays a CFO between SGD 96,000 and SGD 144,000 per year. A name that must be mentioned here is Hong Lai Huat Group Limited, one of the leading recruiters of such professionals.
Source: Indeed, as of November 10, 2025
Key Responsibilities of a Modern Chief Financial Officer
An essential part of the CFO’s compensation is the work that they do, which includes the following:
1. Business Growth and Strategic Leadership
- Strategic Planning
- Capital Allocation and Value Creation
- Performance Analysis and Management
2. Financial Operations and Stewardship
- Compliance and Financial Reporting
- Forecasting and Budgeting
- Cost Optimization
3. Resilience and Risk Management
- Enterprise Risk Oversight
- Economic Acumen
4. Digital Transformation and Technology
- Championing Technology Adoption
- Data Governance
5. Environment, Social, and Governance (ESG) and Stakeholder Relations
- Stakeholder Engagement
- ESG Integration
Also read: Should You Pursue a DBA in Singapore After an MBA?
Essential Skills and Qualifications for the Chief Financial Officer Role
If you want a good CFO income, you will need the right skills and qualifications for the role:
1. Essential Skills
- Financial Acumen
- Business Acumen and Strategic Thinking
- Communication and Leadership
- Regulatory Knowledge and Risk Management
- Data Analytics and Technological Proficiency
- ESG Insight and Adaptability
2. Key Qualifications
- Bachelor’s Degree in Finance, Economics, Accounting, or Business Administration
- Professional Certifications like Certified Public Accountant
- 10-15+ Years of Progressive Experience in Leadership and Financial Positions
3. Career Path to Becoming a CFO
The following are the various designations you will work in at different stages of your career on your path to becoming a CFO:
A. Entry-Level
- Financial Analyst
- Staff Accountant
- Auditor
B. Mid-Level
- Finance Manager
- Financial Controller
- Treasurer
C. Senior-Level
- Director of Finance
- Head of Financial Planning and Analysis (FP&A)
- Vice President of Finance
Getting to the top positions here can help you land the best Chief Financial Advisor salaries.
Also read: Top 5 Skills You Will Gain from a DBA Program that Employers in Singapore Value
Factors Impacting Chief Financial Officer Salaries in 2026
These factors affect Chief Financial Officer salaries in 2026:
1. Market and Economic Environment
- Economic Outlook
- Talent Turnover and Demand
- Shift to Total Compensation from Base Pay
2. Value Perception and Evolving Roles
- Strategic Contribution
- Technology and Data Proficiency
- ESG Integration
3. Company and Industrial Specifics
- Industry Sector
- Company Type and Size
- Geographic Location
All these factors affect these salaries in different ways. For example, many CFOs expect the Asia-Pacific region to face more challenging economic conditions in 2026 due to factors such as inflation and trade policies. This can make companies cautious in increasing their salary budgets.
Also read: Salary Expectations After Completing a DBA in Singapore
Advance Your Finance Leadership Career via upGrad.
Through upGrad, you can access top programs that help you advance your finance leadership career. These programs are offered in partnership with leading universities and provide you with significant benefits, including flexible learning, career support, and mentorship. This is how the educational technology platform helps you become a credible proposition for employers.
- MBA + DBA, Golden Gate University
- DBA, Golden Gate University
- DBA in Emerging Technologies with concentration in Generative AI, Golden Gate University
- DBA, Edgewood University
- Dual Degree MBA and DBA, Edgewood University
- DBA, École Supérieure de Gestion – Commerce International (ESGCI)
- DBA, Rushford Business School
Must read articles:
- Top 5 Skills You Will Gain from a DBA Program that Employers in Singapore Value
- Top Online DBA Programmes for Working Professionals in Singapore
- What to Expect from a DBA Curriculum in Singapore: Courses, Research, and Industry Focus
- CIO vs CTO: Key Differences in Roles, Responsibilities & Career Path
🎓 Explore Our Top-Rated Courses in Singapore
Take the next step in your career with industry-relevant online courses designed for working professionals in Singapore.
- DBA Courses in Singapore
- Data Science Courses in Singapore
- MBA Courses in Singapore
- Master of Education Courses in Singapore
- AI ML Courses in Singapore
- Digital Marketing Courses in Singapore
- Product Management Courses in Singapore
- Generative AI Courses in Singapore
FAQs on Chief Financial Officer Salary
The average salary CFOs can expect in Singapore is SGD 250,000. The overall salary range is SGD 200,000 to SGD 300,000.
In Singapore, the most important factors influencing CFO compensation packages are:
1. Market and Economic Environment
2. Value Perception and Evolving Roles
3. Company and Industrial Specifics
Yes, sectors such as medical devices and life sciences usually offer higher pay bumps to CFOs in Singapore, while the energy sector usually lags behind in this respect.
The bonuses and equity that CFOs typically receive in Singapore vary widely, depending on factors such as company and individual performance metrics.
You need at least a Bachelor’s in subjects like Finance, Economics, Accounting, or Business Administration to become a CFO in Singapore. However, you can further boost your chances in this regard with advanced degrees such as a Master of Business Administration (MBA) in Strategy or Finance.
