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Accounting Manager Average Salary in Singapore 2020

How much money does an Accounting Manager make in Singapore?


Average Monthly Salary
11,000 SGD
( 132,000 SGD yearly)

LOWEST
4,950
SGD
AVERAGE
11,000
SGD
HIGHEST
16,500
SGD

A person working as an Accounting Manager in Singapore typically earns around 11,000 SGD per month. Salaries range from 4,950 SGD (lowest) to 16,500 SGD (highest).

This is the average monthly salary including housing, transport, and other benefits. Accounting Manager salaries may differ drasticlty based on experience, skills, gender, or location. Below you will find detailed breakdown based on many different criteria.

Accounting Manager Salary Distribution in Singapore

Median and salary distribution monthly Singapore Accounting Manager

The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting Manager salaries in Singapore range between 4,950 SGD per month (minimum salary) to 16,500 SGD per month (maximum salary).

  • Median Salary

    The median salary is 11,000 SGD per month, which means that half (50%) of people working as Accounting Manager are earning less than 11,000 SGD while the other half are earning more than 11,000 SGD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working as Accounting Manager are earning less than 7,180 SGD while 75% of them are earning more than 7,180 SGD. Also from the diagram, 75% of people working as Accounting Manager are earning less than 13,800 SGD while 25% are earning more than 13,800 SGD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Accounting Manager Salary Comparison by Years of Experience

Salary comparison by years of experience monthly Singapore Accounting Manager

Experience level is the most important factor in determining your salary. Naturally the more years of experience the higher your wage. We broke down Accounting Manager salaries by experience level. An Accounting Manager with less than two years of experience makes approximatly 6,050 SGD per month. While someone with experience level between two and five years is expected to earn 8,180 SGD per month, 35% more than someone with less than two year's experience. Moving forward, an experience level between five and ten years lands a salary of 9,800 SGD per month, 20% more than a person with two to five years of experience. Additionally, Accounting Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 11,400 SGD per month, 16% more than a person with five to ten years of experience. If the experience level is between fifteen and twenty years, then the expected wage is 13,000 SGD per month, 14% more than a person with ten to fifteen years of experience. Lastly, employees with more than twenty years of professional experience get a salary of 15,600 SGD per month, 19% more than people with fifteen to twenty years of experience.

0 - 2 Years
6,050 SGD
2 - 5 Years+35%
8,180 SGD
5 - 10 Years+20%
9,800 SGD
10 - 15 Years+16%
11,400 SGD
15 - 20 Years+14%
13,000 SGD
20+ Years+19%
15,600 SGD
Percentage increase and decrease are relative to the previous value

Accounting Manager Salary Comparison By Education

Salary comparison by education level monthly Singapore Accounting Manager

We all know that higher education equals a bigger salary, but how much more money can a degree add into your income? We broke down Accounting Manager salaries by education level in order to make a comparison. When the education level is Highschool, the average salary of an Accounting Manager is 6,050 SGD per month. While someone with a Certificate or Diploma gets a salary of 8,240 SGD per month, 36% more than someone with Highschool. A Bachelor's Degree gets its holder an average salary of 11,300 SGD per month, 37% more than someone with Certificate or Diploma. Professionals who hold a Master's Degree are rewarded with an average salary of 14,500 SGD per month, 28% more than someone with Bachelor's Degree. Ph.d holders are compensated with wage equivelant to 16,100 SGD per month, 11% more than someone with Master's Degree.

Highschool
6,050 SGD
Certificate or Diploma+36%
8,240 SGD
Bachelor's Degree+37%
11,300 SGD
Master's Degree+28%
14,500 SGD
Ph.d+11%
16,100 SGD
Percentage increase and decrease are relative to the previous value


Accounting Manager Salary Comparison By Gender

Salary comparison by gender monthly Singapore Accounting ManagerThough gender should not have an effect on pay, in reality it does. So who gets paid more: men or women? Male Accounting Manager employees in Singapore earn 5% more than their female counterparts.
Female
10,700 SGD
Male+5%
11,200 SGD
Percentage increase and decrease are relative to the previous value

Public / Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Singapore Accounting ManagerWhere can you get paid more, working for a private company or for the goverment? Public sector Accounting Manager employees in Singapore earn 4% more than their private sector counterparts.
Private Sector
10,800 SGD
Public Sector+4%
11,200 SGD
Percentage increase and decrease are relative to the previous value

Accounting Manager Salary Trend and Forecast in Singapore

How are Accounting Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Singapore Accounting Manager
Average Salary 2016
9,940 SGD
Average Salary 2017+4%
10,300 SGD
Average Salary 2018+3%
10,600 SGD
Average Salary 2019+1%
10,700 SGD
Percentage increase and decrease are relative to the previous value
Accounting Manager salaries in Singapore are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2020 are 3% higher than those of 2019. The trend suggests a slow yet continous increase in pay in 2021 and future years. These numbers differ slightly from industry to another.

Accounting Manager Average Hourly Wage in Singapore

63 SGD per hour

The average hourly wage (pay per hour) in Singapore for Accounting Manager is 63 SGD. This means that the average Accounting Manager in Singapore earns approximatly 63 SGD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Accounting Manager VS Other Jobs

Salary Comparison Between Accounting Manager and Accounting and Finance monthly SingaporeWe compared Singapore salaries for Accounting Manager, Accounting and Finance, and All Jobs and we found that Accounting Manager salaries are 33% more than those of Accounting and Finance. We also found out that Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner5,020 SGD-54%
Account Executive7,470 SGD-32%
Accountant5,180 SGD-53%
Accounting Assistant4,970 SGD-55%
Accounting Associate5,660 SGD-49%
Accounting Clerk4,000 SGD-64%
Accounting Coordinator4,500 SGD-59%
Accounting Manager11,000 SGD=
Accounting Supervisor7,800 SGD-29%
Accounting Technician4,740 SGD-57%
Accounts Executive6,990 SGD-36%
Accounts Payable and Receivable Specialist6,120 SGD-44%
Accounts Payable Clerk4,280 SGD-61%
Accounts Payable Manager8,630 SGD-22%
Accounts Receivable Clerk4,560 SGD-59%
Accounts Receivable Manager9,080 SGD-17%
Assistant Accounting Manager6,690 SGD-39%
Assistant Auditor6,020 SGD-45%
Audit Supervisor10,600 SGD-4%
Auditing Clerk5,360 SGD-51%
Auditing Manager11,000 SGD=
Billing Coordinator6,710 SGD-39%
Billing Specialist6,220 SGD-43%
Billing Supervisor7,470 SGD-32%
Bookkeeper4,110 SGD-63%
Bookkeeping Specialist5,420 SGD-51%
Budget Analyst6,340 SGD-42%
Budget Manager9,230 SGD-16%
Business Support Analyst7,340 SGD-33%
Capital Markets Associate8,330 SGD-24%
Cash Flow Analyst7,740 SGD-30%
Cash Management Officer7,200 SGD-35%
Cashbook Clerk5,040 SGD-54%
Chartered Accountant6,590 SGD-40%
Collections Clerk4,030 SGD-63%
Collections Specialist5,490 SGD-50%
Corporate Treasurer14,500 SGD+32%
Cost Accountant6,450 SGD-41%
Cost Accounting Manager8,770 SGD-20%
Cost Analyst8,220 SGD-25%
Credit and Collection Manager8,940 SGD-19%
Credit and Collection Staff4,660 SGD-58%
Credit and Loans Officer4,610 SGD-58%
Credit Controller7,600 SGD-31%
Debt Adviser10,100 SGD-8%
Debt Collector7,060 SGD-36%
Debtors Clerk5,890 SGD-46%
Deputy CFO13,300 SGD+21%
Derivative Trader11,500 SGD+5%
Escrow Assistant6,500 SGD-41%
External Auditor8,030 SGD-27%
Finance Associate6,240 SGD-43%
Finance Executive12,900 SGD+17%
Finance Licensing Clerk4,920 SGD-55%
Finance Licensing Manager7,840 SGD-29%
Finance Licensing Specialist6,150 SGD-44%
Finance Officer8,820 SGD-20%
Finance President15,400 SGD+40%
Finance Relationship Manager11,300 SGD+3%
Finance Release Analyst7,250 SGD-34%
Finance Team Leader 8,700 SGD-21%
Financial Actuary7,860 SGD-29%
Financial Administrator6,580 SGD-40%
Financial Analyst8,300 SGD-25%
Financial Applications Specialist5,480 SGD-50%
Financial Assistant4,960 SGD-55%
Financial Associate5,690 SGD-48%
Financial Claims Analyst7,140 SGD-35%
Financial Claims Manager8,900 SGD-19%
Financial Commercial Analyst6,620 SGD-40%
Financial Compliance Analyst8,190 SGD-26%
Financial Consultant7,170 SGD-35%
Financial Controller7,560 SGD-31%
Financial Coordinator7,120 SGD-35%
Financial Customer Service Manager9,650 SGD-12%
Financial Dealer and Broker7,130 SGD-35%
Financial Encoder4,590 SGD-58%
Financial Manager15,400 SGD+40%
Financial Operations Manager11,200 SGD+2%
Financial Policy Analyst7,550 SGD-31%
Financial Project Manager7,840 SGD-29%
Financial Quantitative Analyst8,350 SGD-24%
Financial Reporting Consultant8,110 SGD-26%
Financial Reporting Manager9,170 SGD-17%
Financial Services Sales Agent6,850 SGD-38%
Fixed Assets Administrator6,270 SGD-43%
Forensic Accountant6,370 SGD-42%
Fraud Detection Supervisor7,490 SGD-32%
Fraud Prevention Manager11,400 SGD+4%
Fund Accountant5,820 SGD-47%
Grants Coordinator5,340 SGD-51%
Internal Auditor8,100 SGD-26%
Internal Control Adviser8,400 SGD-24%
Internal Control Officer7,050 SGD-36%
Inventory Accountant12,200 SGD+11%
Investment Analyst10,200 SGD-7%
Investment Fund Manager10,600 SGD-4%
Investment Underwriter4,740 SGD-57%
Investor7,170 SGD-35%
Investor Relations Manager9,510 SGD-14%
KYC Team Leader9,080 SGD-17%
Management Economist8,470 SGD-23%
Paymaster5,760 SGD-48%
Payroll Clerk4,550 SGD-59%
Payroll Manager7,710 SGD-30%
Pensions Administrator5,900 SGD-46%
Pricing Analyst8,380 SGD-24%
Private Equity Analyst8,620 SGD-22%
Proposal Development Coordinator5,800 SGD-47%
Receivables Accountant5,210 SGD-53%
Regulatory Accountant6,200 SGD-44%
Retirement Plan Analyst8,190 SGD-26%
Revenue Management Specialist6,850 SGD-38%
Revenue Recognition Analyst10,400 SGD-5%
Risk Management Director13,000 SGD+18%
Risk Management Supervisor9,980 SGD-9%
Tax Accountant5,610 SGD-49%
Tax Advisor7,450 SGD-32%
Tax Associate5,970 SGD-46%
Tax Manager11,900 SGD+8%
Teller3,700 SGD-66%
Treasury Accountant6,090 SGD-45%
Treasury Analyst8,670 SGD-21%
Underwriter4,850 SGD-56%
Underwriting Assistant4,420 SGD-60%
Vice President of Finance11,500 SGD+5%
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