What matters most to you in your ideal company in Singapore — high salaries, performance bonuses, attractive perks, or a healthy work-life balance? In today’s competitive job market, professionals are earning more than ever, with top employers offering a mix of all these benefits. According to the Ministry of Manpower (MOM), Singapore, the median gross monthly income in Singapore in 2024 was SGD 5,500, which is expected to increase in 2025.
With a boom in industries like Artificial Intelligence, Technology, Finance, and Healthcare, it is the right time to explore the best-paying jobs across the highest-paying companies in Singapore. Let’s explore a few highest-paying companies and the best-paying jobs in Singapore.
Top 5 Highest Paying Companies in Singapore for Freshers
A positive work culture and scope of growth are key aspects that freshers look for in a company while seeking their first job. Grabbing a job with the right employer just after college helps them set the tone for their growth.
The table below mentions five companies offering the best salary jobs in Singapore for fresh graduates:
| Company | Industry & Average Salary | Top Roles & What Makes It Stand Out |
| Technology SGD 1,12,368 per annum |
Top Roles: Software Engineer, Product Analyst Highlights: Innovation-driven work culture, numerous job benefits |
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| DBS Bank | Banking and Finance SGD 70,104 per annum |
Top Roles: Management Associate, Technology Associate Highlights: Market-leading digital transformation, career growth paths |
| Grab Holdings | Technology and Mobility SGD 1,05,840 per annum |
Top Roles: Data Analyst, Software Developer Highlights: Regional startup giant, fast-paced learning for freshers |
| McKinsey & Company | Consulting SGD 72,564 per annum |
Top Roles: Business Analyst, Associate Highlights: High-impact projects, global exposure |
| Shopee (Sea Group) | E-commerce SGD 88,044 per annum |
Top Roles: Product Manager, Project Manager, Business Development Associate Highlights: Rapid growth, regional influence |
Also Read: Average MBA Salaries In Singapore
Top 5 Highest Paying Companies in Singapore for Professionals
Singapore’s competitive job market rewards experience, especially in high-demand sectors like IT, Technology, Finance, and Consulting. Below are the top-paying companies known to offer best-paying jobs in Singapore:
| Company | Industry | Average Salary | Top Roles | What makes it stand out? |
| GIC (Government of Singapore Investment Corp) | Finance/Investments | SGD 1,74,828 per annum | Investment Analyst, Portfolio Manager | – Offers competitive salary packages
– Supports structured leadership |
| Meta | Technology/Social-media Giant | SGD 1,52,988 per annum | Solutions Engineer, Product Manager, UX Lead, Program Manager | – High compensation
– Global perks – Leadership opportunities |
| Bain and Company | Consulting | SGD 1,15,284 per annum | Case Team Leader, Manager | – High-end consulting
– Best to fast-track leadership roles |
| JP Morgan Singapore | Banking & Finance | SGD 1,53,192 per annum | VP, Risk Manager, Tech Lead, Market Associate | – It is a global finance giant
– Allows strong variable pay and mobility |
| Amazon Singapore | E-commerce and Cloud Technology | SGD 2,08,020 per annum | Solutions Architect, Senior Program Manager, AWS Sales Manager | – Competitive base pay
– Fast career growth |
Criteria that Impact Compensation Package for Freshers and Professionals in Singapore
Several factors determine the compensation paid by companies in Singapore. Whether you are a fresher or a professional, the base salary offered by top-paying companies is just the starting point. Other perks like bonuses, stocks, health benefits, and leave policies also significantly enhance the overall compensation package for candidates.
Here are some criteria that impact compensation packages for freshers and professionals in Singapore:
| Criteria | Fresher | Professional |
| Base salary | They are paid entry-level salaries. For eg. Salary of a fresh graduate Test Engineer in Singapore starts at SGD 42,000 per annum. | They receive higher wages based on experience and skills. Professional Test Engineer with 5-7 years experience can range from SGD 84,000 – SGD 144,000 per annum |
| Bonus | They can earn a performance-based bonus and limited stock options. Performance bonuses for freshers can range from 0.5 to 1.5 months of their base salary.
89% (Approx.) of employers in Singapore plan to award bonuses averaging more than one month in 2024-25, indicating a positive trend for freshers entering the workforce. |
Professionals can earn performance as well as role-based bonuses and stock grants. Professionals can expect bonuses ranging from 1.5 to over 3 months of their base salary, depending on role and performance. |
| Benefits | Basic medical and other benefits, depending on the company. | Can enjoy advanced perks like insurance, wellness, flexi-hours, etc. |
| Work-life balance | Depending on the company, start-ups may require longer work hours. | Prioritised by mid-career professionals seeking work-life balance. |
| Career progression | Through mentorship and training. | Through promotions, leadership roles, and upskilling support. |
Job seekers generally value training programs and other growth opportunities offered by companies. A good work-life balance is also a significant consideration for jobholders. Moreover, some companies in specific sectors tend to pay more due to talent shortages and high demand for professionals.
Do Skills and Certifications Influence High-Paying Job Opportunities in Singapore?
The job market in Singapore is competitive, and companies value relevant degrees, technical skills, and industry-recognised certifications for recruiting freshers and professionals. These essential credentials are crucial for freshers and experienced professionals to boost their chances of getting recruited for top-paying jobs in Singapore by the highest-paying companies, especially in tech, finance, healthcare, and other sectors.
Also Read: Highest Paying HR Jobs in Singapore to Watch in 2025
Conclusion
Having relevant qualifications and certifications is crucial to make your CV appealing to recruiters, and to enter the top highest-paying companies in Singapore. Fresh graduates and professionals in Singapore can explore several industry-relevant and advanced certifications offered by upGrad to secure their careers with the highest-paying companies in Singapore.
Take a look at a few relevant certification courses and programs to choose from:
For more information, email at query@upgrad.com or call +65-6232-6730
FAQs on Highest Paying Companies in Singapore
Q: Which companies offer the highest salary to freshers in Singapore?
Ans: Top tech firms like Google Singapore, DBS Bank, and Grab Holding are known to offer some of the highest starting salaries for fresh graduates in tech roles, including bonuses, RSUs, and other perks.
Q: What industries in Singapore pay the most to professionals?
Ans: The Finance, Technology, Banking, E-Commerce, and Consulting sectors pay high salaries to professionals in Singapore.
Q: Do international companies pay better compared to local ones in Singapore?Ans: Many international tech, finance, and consulting companies offer better pay and comprehensive benefits than local firms. It is primarily because of their larger budgets and global pay benchmarks.
Q: What qualifications or skills help secure high-paying jobs in Singapore?
Ans: Science, Technology, Engineering, Mathematics, Finance, and Business degrees are in high demand in Singapore. Candidates with skills in data analytics, AI/ML, cloud computing, project management, CFA, PMP, or AWS can also earn better salaries.
Q: How much can a software engineer earn in Singapore?
Ans: As per Indeed, a software Engineer in Singapore can earn SGD 89,750 per annum.
Q: Is salary negotiation common during job offers in Singapore?
Ans: Salary negotiation is typical, especially for mid-level and senior roles. Fresh graduates can also negotiate, particularly if they have in-demand skills.
