Cost Accounting Manager Average Salary in Singapore 2022

How much money does a Cost Accounting Manager make in Singapore?

Average Monthly Salary

11,600 SGD

( 139,000 SGD yearly)

LOW
6,250
SGD AVERAGE
11,600
SGD HIGH
17,500
SGD

Cost Accounting Manager Salary Distribution in Singapore

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

• Salary Range

  Cost Accounting Manager salaries in Singapore range from 6,250 SGD per month (minimum salary) to 17,500 SGD per month (maximum salary).

• Median Salary

  The median salary is 10,600 SGD per month, which means that half (50%) of people working as Cost Accounting Manager(s) are earning less than 10,600 SGD while the other half are earning more than 10,600 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 Cost Accounting Manager(s) are earning less than 7,610 SGD while 75% of them are earning more than 7,610 SGD. Also from the diagram, 75% of Cost Accounting Manager(s) are earning less than 12,900 SGD while 25% are earning more than 12,900 SGD.

Cost Accounting Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Cost Accounting Manager salaries by experience level and this is what we found.

A Cost Accounting Manager with less than two years of experience makes approximately 7,260 SGD per month.

While someone with an experience level between two and five years is expected to earn 9,170 SGD per month, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 12,100 SGD per month, 32% more than someone with two to five years of experience.

Additionally, Cost Accounting Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,200 SGD per month, 18% 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 15,700 SGD per month, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 16,700 SGD per month, 6% more than people with fifteen to twenty years of experience.

Cost Accounting Manager average salary change by experience in Singapore

Typical Salary Progress for Most Careers

Cost Accounting Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Cost Accounting Manager(s) who have the same experience but different education levels.

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 Cost Accounting Manager salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of a Cost Accounting Manager is 9,170 SGD per month.

While someone with a Bachelor's Degree gets a salary of 12,100 SGD per month, 32% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 16,600 SGD per month, 37% more than someone with a Bachelor's Degree.

Cost Accounting Manager average salary difference by education level in Singapore

Typical Salary Difference by Education for Most Careers

Cost Accounting Manager Salary Comparison By Gender

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Cost Accounting Manager employees in Singapore earn 5% more than their female counterparts on average.

Salary Comparison By Gender in Singapore for all Careers

Cost Accounting Manager Average Annual Salary Increment Percentage in Singapore

How much are annual salary increments in Singapore for Cost Accounting Manager(s)? How often do employees get salary raises?

Cost Accounting Manager

Cost Accounting Manager(s) in Singapore are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Singapore / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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

Annual Increment Rate By Industry 2021

Listed above are the average annual increase rates for each industry in Singapore for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

Cost Accounting Manager Bonus and Incentive Rates in Singapore

How much and how often are bonuses being awarded?

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A Cost Accounting Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

22% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 78% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.

Received Bonus		78%
No Bonus		22%

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?

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.

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.

Cost Accounting Manager Average Hourly Wage in Singapore

67 SGD per hour

The average hourly wage (pay per hour) in Singapore is 67 SGD. This means that the average Cost Accounting Manager in Singapore earns approximately 67 SGD for every worked hour.

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 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 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.

Cost Accounting Manager VS Other Jobs

The average salary for Cost Accounting Manager is 33% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.

Salary comparison with similar jobs

Account Examiner	4,300 SGD	-63%
Account Executive	7,080 SGD	-39%
Accountant	5,300 SGD	-54%
Accounting Assistant	4,130 SGD	-64%
Accounting Associate	4,270 SGD	-63%
Accounting Clerk	3,430 SGD	-70%
Accounting Coordinator	5,160 SGD	-55%
Accounting Manager	12,600 SGD	+9%
Accounting Supervisor	8,110 SGD	-30%
Accounting Technician	3,830 SGD	-67%
Accounts Executive	7,400 SGD	-36%
Accounts Payable and Receivable Specialist	5,600 SGD	-52%
Accounts Payable Clerk	4,380 SGD	-62%
Accounts Payable Manager	11,600 SGD	+0%
Accounts Receivable Clerk	4,350 SGD	-62%
Accounts Receivable Manager	11,300 SGD	-2%
Assistant Accounting Manager	10,400 SGD	-10%
Assistant Auditor	5,750 SGD	-50%
Audit Supervisor	10,400 SGD	-10%
Auditing Clerk	4,490 SGD	-61%
Auditing Manager	11,700 SGD	+1%
Billing Coordinator	5,320 SGD	-54%
Billing Specialist	6,020 SGD	-48%
Billing Supervisor	8,500 SGD	-27%
Bookkeeper	3,640 SGD	-69%
Bookkeeping Specialist	5,220 SGD	-55%
Budget Analyst	9,480 SGD	-18%
Budget Manager	11,300 SGD	-2%
Business Support Analyst	6,480 SGD	-44%
Capital Markets Associate	8,550 SGD	-26%
Cash Flow Analyst	8,240 SGD	-29%
Cash Management Officer	6,220 SGD	-46%
Cashbook Clerk	3,870 SGD	-67%
Chartered Accountant	6,880 SGD	-41%
Collections Clerk	3,420 SGD	-70%
Collections Specialist	5,970 SGD	-48%
Corporate Treasurer	11,200 SGD	-3%
Cost Accountant	5,650 SGD	-51%
Cost Accounting Manager	11,600 SGD	+0%
Cost Analyst	9,250 SGD	-20%
Credit and Collection Manager	11,000 SGD	-5%
Credit and Collection Staff	4,470 SGD	-61%
Credit and Loans Officer	4,180 SGD	-64%
Credit Controller	7,800 SGD	-33%
Debt Adviser	9,620 SGD	-17%
Debt Collector	4,670 SGD	-60%
Debtors Clerk	3,960 SGD	-66%
Deputy CFO	14,900 SGD	+29%
Derivative Trader	10,100 SGD	-13%
Escrow Assistant	5,120 SGD	-56%
External Auditor	7,850 SGD	-32%
Finance Associate	5,040 SGD	-56%
Finance Executive	11,900 SGD	+3%
Finance Licensing Clerk	4,010 SGD	-65%
Finance Licensing Manager	10,600 SGD	-8%
Finance Licensing Specialist	5,970 SGD	-48%
Finance Officer	5,290 SGD	-54%
Finance President	16,000 SGD	+38%
Finance Relationship Manager	13,400 SGD	+16%
Finance Release Analyst	6,350 SGD	-45%
Finance Team Leader	12,900 SGD	+11%
Financial Actuary	8,600 SGD	-26%
Financial Administrator	9,060 SGD	-22%
Financial Analyst	10,200 SGD	-12%
Financial Applications Specialist	7,190 SGD	-38%
Financial Assistant	4,610 SGD	-60%
Financial Associate	4,390 SGD	-62%
Financial Claims Analyst	7,250 SGD	-37%
Financial Claims Manager	10,600 SGD	-8%
Financial Commercial Analyst	7,830 SGD	-32%
Financial Compliance Analyst	9,230 SGD	-20%
Financial Consultant	7,220 SGD	-38%
Financial Controller	9,070 SGD	-22%
Financial Coordinator	5,430 SGD	-53%
Financial Customer Service Manager	10,500 SGD	-9%
Financial Dealer and Broker	6,140 SGD	-47%
Financial Encoder	4,890 SGD	-58%
Financial Manager	15,100 SGD	+30%
Financial Operations Manager	14,100 SGD	+22%
Financial Policy Analyst	8,370 SGD	-28%
Financial Project Manager	12,000 SGD	+4%
Financial Quantitative Analyst	9,330 SGD	-19%
Financial Reporting Consultant	8,480 SGD	-27%
Financial Reporting Manager	10,300 SGD	-11%
Financial Services Sales Agent	5,940 SGD	-49%
Fixed Assets Administrator	5,760 SGD	-50%
Forensic Accountant	6,780 SGD	-41%
Fraud Detection Supervisor	7,040 SGD	-39%
Fraud Prevention Manager	11,600 SGD	+0%
Fund Accountant	5,420 SGD	-53%
Grants Coordinator	4,400 SGD	-62%
Internal Auditor	7,470 SGD	-35%
Internal Control Adviser	8,980 SGD	-22%
Internal Control Officer	4,960 SGD	-57%
Inventory Accountant	5,760 SGD	-50%
Investment Analyst	11,100 SGD	-4%
Investment Fund Manager	12,500 SGD	+8%
Investment Underwriter	4,740 SGD	-59%
Investor	6,990 SGD	-40%
Investor Relations Manager	10,800 SGD	-7%
KYC Team Leader	10,400 SGD	-10%
Management Economist	12,600 SGD	+9%
Paymaster	4,380 SGD	-62%
Payroll Clerk	4,760 SGD	-59%
Payroll Manager	9,940 SGD	-14%
Pensions Administrator	5,710 SGD	-51%
Pricing Analyst	9,020 SGD	-22%
Private Equity Analyst	9,810 SGD	-15%
Proposal Development Coordinator	4,800 SGD	-59%
Receivables Accountant	5,130 SGD	-56%
Regulatory Accountant	6,180 SGD	-47%
Retirement Plan Analyst	9,100 SGD	-21%
Revenue Management Specialist	9,430 SGD	-19%
Revenue Recognition Analyst	10,600 SGD	-8%
Risk Management Director	14,200 SGD	+23%
Risk Management Supervisor	11,600 SGD	+0%
Tax Accountant	5,250 SGD	-55%
Tax Advisor	8,260 SGD	-29%
Tax Associate	4,700 SGD	-59%
Tax Manager	11,900 SGD	+3%
Teller	3,450 SGD	-70%
Treasury Accountant	5,910 SGD	-49%
Treasury Analyst	9,660 SGD	-17%
Underwriter	4,090 SGD	-65%
Underwriting Assistant	3,820 SGD	-67%
Vice President of Finance	15,700 SGD	+36%

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Singapore earn 5% more than their private sector counterparts on average across all sectors.