HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Credit Controller Average Salary in Singapore 2024

How much money does a person working as Credit Controller make in Singapore?


Average Monthly Salary
7,800 SGD
( 93,600 SGD yearly)

LOW
3,900
SGD
AVERAGE
7,800
SGD
HIGH
12,100
SGD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Credit Controller in Singapore typically earns around 7,800 SGD. Salaries range from 3,900 SGD (lowest) to 12,100 SGD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Credit Controller salaries in Singapore vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Credit Controller Pay Scale and Salaries in Singapore

Median and salary distribution Singapore Credit Controller monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/accounting-and-finance/credit-controller/median-and-salary-distribution-monthly-singapore-credit-controller.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
7,170 SGD or more
10% of people earn
6,350 to 7,170 SGD
20% of people earn
4,550 SGD or less
65% of people earn
4,550 to 6,350 SGD
Minimum Salary
3,900 SGD
Median
7,210 SGD
Maximum
12,100 SGD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Credit Controller in Singapore range from 3,900 SGD (starting salary) to 12,100 SGD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 7,210 SGD, half of the professionals who work as Credit Controller in Singapore earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Credit Controller in Singapore earn less than 5,930 SGD, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,230 SGD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Credit Controller in Singapore compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,550 SGD to 6,350 SGD. About 20% of salaries are below the 4,550 SGD mark, while 10% fall within the range of 6,350 SGD to 7,170 SGD. Only 5% of individuals have salaries exceeding 7,170 SGD.

Salary Comparison by Years of Experience / Credit Controller / Singapore

How do experience and age affect pay?

0 - 2 Years
4,680 SGD
2 - 5 Years+32%
6,190 SGD
5 - 10 Years+34%
8,280 SGD
10 - 15 Years+19%
9,880 SGD
15 - 20 Years+8%
10,700 SGD
20+ Years+7%
11,400 SGD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Singapore Credit Controller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/accounting-and-finance/credit-controller/salary-comparison-by-years-of-experience-monthly-singapore-credit-controller.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Credit Controller and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 4,680 SGD.

While someone with an experience level between two and five years is expected to earn 6,190 SGD, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 8,280 SGD, 34% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 9,880 SGD, 19% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 10,700 SGD, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 11,400 SGD, 7% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Credit Controller / Singapore

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Credit Controller.

High School
5,860 SGD
Certificate or Diploma+14%
6,680 SGD
Bachelor's Degree+36%
9,060 SGD
Master's Degree+26%
11,400 SGD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Singapore Credit Controller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/accounting-and-finance/credit-controller/salary-comparison-by-education-level-monthly-singapore-credit-controller.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Credit Controller in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 5,860 SGD.


Level 2: Certificate or Diploma

At this level, the average salary becomes 6,680 SGD, 14% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 9,060 SGD, 36% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 11,400 SGD, 26% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Singapore costs anywhere from 42,400 SGD to 127,000 SGD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Credit Controller / Singapore

Salary comparison by gender Singapore Credit Controller monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/accounting-and-finance/credit-controller/salary-comparison-by-gender-monthly-singapore-credit-controller.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Credit Controller in Singapore, the average difference between the salary of male and female employees is 5%.

Male
7,960 SGD
Female-4%
7,620 SGD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Singapore for all Careers

Salary comparison by gender monthly Singapore
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/salary-comparison-by-gender-monthly-singapore.jpg


Average Annual Salary Increment Percentage / Credit Controller / Singapore

How much are annual salary increments in Singapore for individuals working as Credit Controller? How often do employees get salary raises?

Individuals working as Credit Controller in Singapore are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Singapore Credit Controller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/accounting-and-finance/credit-controller/annual-salary-increment-rate-singapore-credit-controller.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Singapore / All Professions

Annual Salary Increment Rate Singapore
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/annual-salary-increment-rate-singapore.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Singapore is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Credit Controller / Singapore

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Singapore Credit Controller
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/singapore/accounting-and-finance/credit-controller/annual-salary-bonus-rate-singapore-credit-controller.jpg

44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
56%
No Bonus
44%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Credit Controller / Singapore


45 SGD per hour

The average hourly wage (pay per hour) for individuals working as Credit Controller in Singapore is 45 SGD.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed 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 the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Credit Controller in Singapore is 22 SGD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner4,300 SGD-45%
Account Executive7,080 SGD-9%
Accountant5,300 SGD-32%
Accounting Analyst7,120 SGD-9%
Accounting Assistant4,130 SGD-47%
Accounting Associate4,270 SGD-45%
Accounting Clerk3,430 SGD-56%
Accounting Coordinator5,160 SGD-34%
Accounting Head11,200 SGD+44%
Accounting Manager12,600 SGD+62%
Accounting Officer4,280 SGD-45%
Accounting Specialist7,800 SGD+0%
Accounting Supervisor8,110 SGD+4%
Accounting Technician3,830 SGD-51%
Accounting Unit Controller9,670 SGD+24%
Accounts Executive7,400 SGD-5%
Accounts Officer4,490 SGD-42%
Accounts Payable and Receivable Specialist5,600 SGD-28%
Accounts Payable Assistant4,520 SGD-42%
Accounts Payable Associate5,390 SGD-31%
Accounts Payable Clerk4,380 SGD-44%
Accounts Payable Manager11,600 SGD+49%
Accounts Receivable Administrator8,580 SGD+10%
Accounts Receivable Clerk4,350 SGD-44%
Accounts Receivable Financial Analyst8,230 SGD+6%
Accounts Receivable Manager11,300 SGD+45%
Accounts Receivable Team Leader8,580 SGD+10%
Algorithmic Trading Specialist9,680 SGD+24%
Assistant Accountant4,490 SGD-42%
Assistant Accounting Manager10,400 SGD+33%
Assistant Auditor5,750 SGD-26%
Assistant Corporate Controller7,490 SGD-4%
Assistant Finance Manager11,300 SGD+45%
Assistant Financial Controller7,520 SGD-4%
Audit Director13,200 SGD+69%
Audit Supervisor10,400 SGD+33%
Auditing Clerk4,490 SGD-42%
Auditing Manager11,700 SGD+50%
Billing Clerk4,470 SGD-43%
Billing Coordinator5,320 SGD-32%
Billing Specialist6,020 SGD-23%
Billing Supervisor8,500 SGD+9%
Bookkeeper3,640 SGD-53%
Bookkeeping Specialist5,230 SGD-33%
Budget Analyst9,480 SGD+22%
Budget Manager11,300 SGD+45%
Business Support Analyst6,490 SGD-17%
Capital Markets Associate8,550 SGD+10%
Cash Flow Analyst8,240 SGD+6%
Cash Management Manager10,800 SGD+39%
Cash Management Officer6,220 SGD-20%
Cashbook Clerk3,870 SGD-50%
Chartered Accountant6,880 SGD-12%
Chief Accountant8,360 SGD+7%
Chief Financial Technology Officer11,700 SGD+50%
Collections Clerk3,420 SGD-56%
Collections Representative4,840 SGD-38%
Collections Specialist5,970 SGD-23%
Corporate Controller9,100 SGD+17%
Corporate Treasurer11,200 SGD+44%
Cost Accountant5,650 SGD-28%
Cost Accounting Manager11,600 SGD+49%
Cost Accounting Supervisor9,410 SGD+21%
Cost Analyst9,250 SGD+19%
Credit and Collection Manager11,000 SGD+41%
Credit and Collection Staff4,470 SGD-43%
Credit and Loans Officer4,180 SGD-46%
Credit Controller7,800 SGD+0%
Credit Manager12,000 SGD+54%
Debt Adviser9,620 SGD+23%
Debt Collector4,670 SGD-40%
Debtors Clerk3,960 SGD-49%
Debtors Controller4,280 SGD-45%
Deputy CFO14,900 SGD+91%
Deputy Head of Finance14,800 SGD+90%
Derivative Trader10,100 SGD+30%
Director of Finance17,300 SGD+120%
E-commerce Accountant5,620 SGD-28%
Economist13,300 SGD+71%
Equity Analyst9,900 SGD+27%
Escrow Assistant5,120 SGD-34%
Executive Accountant6,640 SGD-15%
External Auditor7,850 SGD+1%
Finance Administrator6,780 SGD-13%
Finance Analyst10,100 SGD+30%
Finance Associate5,040 SGD-35%
Finance Data Analyst9,450 SGD+21%
Finance Director17,000 SGD+120%
Finance Executive11,900 SGD+53%
Finance Licensing Clerk4,010 SGD-49%
Finance Licensing Manager10,600 SGD+36%
Finance Licensing Specialist5,970 SGD-23%
Finance Manager16,100 SGD+110%
Finance Officer5,290 SGD-32%
Finance President16,000 SGD+110%
Finance Relationship Manager13,400 SGD+72%
Finance Release Analyst6,350 SGD-19%
Finance Specialist9,470 SGD+21%
Finance Team Leader 12,900 SGD+65%
Financial Accountant5,750 SGD-26%
Financial Actuary8,600 SGD+10%
Financial Administrator9,060 SGD+16%
Financial Advisor10,300 SGD+32%
Financial Analyst10,200 SGD+31%
Financial Applications Specialist7,190 SGD-8%
Financial Assistant4,610 SGD-41%
Financial Associate5,420 SGD-30%
Financial Claims Analyst7,250 SGD-7%
Financial Claims Manager10,600 SGD+36%
Financial Claims Supervisor9,770 SGD+25%
Financial Clerk4,160 SGD-47%
Financial Commercial Analyst7,830 SGD+0%
Financial Compliance Analyst9,230 SGD+18%
Financial Compliance Officer9,220 SGD+18%
Financial Consultant7,220 SGD-7%
Financial Controller8,600 SGD+10%
Financial Coordinator5,430 SGD-30%
Financial Customer Service Manager10,500 SGD+35%
Financial Data Scientist10,800 SGD+39%
Financial Dealer and Broker6,140 SGD-21%
Financial Director16,200 SGD+110%
Financial Encoder4,890 SGD-37%
Financial Manager16,200 SGD+110%
Financial Modelling Analyst10,400 SGD+33%
Financial Operations Manager14,100 SGD+81%
Financial Policy Analyst8,370 SGD+7%
Financial Project Manager12,000 SGD+54%
Financial Quantitative Analyst9,330 SGD+20%
Financial Reporting Consultant8,480 SGD+9%
Financial Reporting Manager10,300 SGD+32%
Financial Section Head10,800 SGD+39%
Financial Services Manager14,700 SGD+89%
Financial Services Sales Agent5,940 SGD-24%
Financial Technology Consultant9,050 SGD+16%
Financial Wellness Coach11,800 SGD+51%
FinTech Analyst9,830 SGD+26%
Fixed Assets Administrator5,760 SGD-26%
Forensic Accountant6,780 SGD-13%
Fraud Detection Supervisor7,040 SGD-10%
Fraud Prevention Manager11,600 SGD+49%
Fund Accountant5,420 SGD-30%
Grants Coordinator4,400 SGD-44%
Green Finance Analyst8,650 SGD+11%
Group Financial Manager16,500 SGD+110%
Internal Auditor7,470 SGD-4%
Internal Control Adviser8,980 SGD+15%
Internal Control Officer4,960 SGD-36%
International Tax Director13,600 SGD+74%
Inventory Accountant5,760 SGD-26%
Investment Advisor15,100 SGD+94%
Investment Analyst11,100 SGD+42%
Investment Associate9,440 SGD+21%
Investment Broker9,400 SGD+21%
Investment Fund Manager12,500 SGD+60%
Investment Operations Manager12,400 SGD+59%
Investment Underwriter4,740 SGD-39%
Investor6,990 SGD-10%
Investor Relations Manager10,800 SGD+39%
KYC Team Leader10,400 SGD+33%
Loan Processor4,830 SGD-38%
Management Accountant6,050 SGD-22%
Management Economist12,600 SGD+62%
Paymaster4,380 SGD-44%
Payroll Administrator7,230 SGD-7%
Payroll Benefits Coordinator6,540 SGD-16%
Payroll Billing Manager10,800 SGD+39%
Payroll Clerk4,760 SGD-39%
Payroll Manager9,940 SGD+27%
Payroll Officer5,120 SGD-34%
Payroll Specialist6,090 SGD-22%
Payroll Supervisor6,910 SGD-11%
Pensions Administrator5,710 SGD-27%
Personal Financial Advisor8,600 SGD+10%
Pricing Analyst9,020 SGD+16%
Private Equity Analyst9,820 SGD+26%
Project Accountant5,730 SGD-27%
Proposal Development Coordinator4,800 SGD-38%
Quantitative Trader8,390 SGD+8%
Receivables Accountant5,130 SGD-34%
Regulatory Accountant6,180 SGD-21%
Retirement Plan Analyst9,100 SGD+17%
Revenue Management Specialist9,430 SGD+21%
Revenue Recognition Analyst10,600 SGD+36%
Risk Management Director14,200 SGD+82%
Risk Management Supervisor11,600 SGD+49%
Staff Accountant5,380 SGD-31%
Tax Accountant5,250 SGD-33%
Tax Administrator5,870 SGD-25%
Tax Advisor8,260 SGD+6%
Tax Analyst8,220 SGD+5%
Tax Associate4,700 SGD-40%
Tax Consultant9,430 SGD+21%
Tax Director13,700 SGD+76%
Tax Examiner5,810 SGD-25%
Tax Manager11,900 SGD+53%
Tax Research Manager11,900 SGD+53%
Teller3,450 SGD-56%
Treasury Accountant5,910 SGD-24%
Treasury Analyst9,660 SGD+24%
Underwriter4,090 SGD-48%
Underwriting Assistant3,820 SGD-51%
Vice President of Finance15,700 SGD+100%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Singapore is 5% on average across all career fields.

Private Sector
8,300 SGD
Public Sector+5%
8,700 SGD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Credit Controller in Singapore?

A good and competitive compensation would range anywhere between 7,210 SGD and 8,230 SGD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Credit Controller in Singapore ranges from 3,900 SGD to 5,930 SGD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic

©Salary Explorer 2024