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Teller Average Salary in Singapore 2019

How much money does a Teller make in Singapore?

5,657 SGD per month
Average Monthly Salary
A person working as a Teller in Singapore typically earns around 5,657 SGD per month.
This is the average monthly salary including housing, transport, and other benefits. Teller salaries may differ drasticlty based on experience, skills, gender, or location. Below you will find detialed breakdown based on many different criteria.

Teller Salary Distribution in Singapore

Median and salary distribution monthly Singapore Teller

Abount These Figures: Salary Range, Median and Percentiles

Teller salaries in Singapore range between 2,433 SGD per month (minimum salary) to 8,599 SGD per month (maximum salary).

The median salary is 5,770 SGD per month, which means that half (50%) of people working as Teller are earning less than 5,770 SGD while the other half are earning more than 5,770 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.

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 Teller are earning less than 3,691 SGD while 75% of them are earning more than 3,691 SGD. Also from the diagram, 75% of people working as Teller are earning less than 7,472 SGD while 25% are earning more than 7,472 SGD.

What is the difference between the median and the average salary? What should you be looking at?

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

Teller Salary Comparison by Years of Experience

0 - 2 Years    =  
2,895 SGD
2 - 5 Years    +46%  
4,221 SGD
5 - 10 Years    +15%  
4,838 SGD
10 - 15 Years    +24%  
6,009 SGD
15 - 20 Years    +10%  
6,626 SGD
20+ Years    +24%  
8,198 SGD
Percentage increase and decrease are relative to the previous value

Experience level is the most important factor in determining your salary. Naturally the more years of experience the higher your wage. We broke down Teller salaries by experience level. A Teller with less than two years of experience makes approximatly 2,895 SGD per month. While someone with experience level between two and five years is expected to earn 4,221 SGD per month, 46% more than someone with less than two year's experience. Moving forward, an experience level between five and ten years lands a salary of 4,838 SGD per month, 15% more than a person with two to five years of experience. Additionally, Teller(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 6,009 SGD per month, 24% 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 6,626 SGD per month, 10% 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 8,198 SGD per month, 24% more than people with fifteen to twenty years of experience.

Salary comparison by years of experience monthly Singapore Teller

Teller Salary Comparison By Education

Certificate or Diploma    =  
3,820 SGD
Bachelor's Degree    +56%  
5,978 SGD
Master's Degree    +18%  
7,058 SGD
Percentage increase and decrease are relative to the previous value

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 Teller salaries by education level in order to make a comparison. When the education level is Certificate or Diploma, the average salary of a Teller is 3,820 SGD per month. While someone with a Bachelor's Degree gets a salary of 5,978 SGD per month, 56% more than someone with Certificate or Diploma. A Master's Degree gets its holder an average salary of 7,058 SGD per month, 18% more than someone with Bachelor's Degree.

Salary comparison by education level monthly Singapore Teller

Teller Salary Comparison By Gender

Female    =  
5,346 SGD
Male    +14%  
6,082 SGD
Percentage increase and decrease are relative to the previous value
Though gender should not have an effect on pay, in reality it does. So who gets paid more: men or women? Male Teller employees in Singapore earn 14% more than their female counterparts.

Salary comparison by gender monthly Singapore Teller

Public / Government vs Private Sector Salary Comparison

Private Sector    =  
5,063 SGD
Public Sector    +26%  
6,364 SGD
Percentage increase and decrease are relative to the previous value
Where can you get paid more, working for a private company or for the goverment? Public sector Teller employees in Singapore earn 26% more than their private sector counterparts.

Public vs private sector salaries monthly Singapore Teller

Teller Salary Trend and Forecast in Singapore

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

Salary trends and forecast monthly Singapore Teller
Average Salary 2016    =  
5,162 SGD
Average Salary 2017    +4%  
5,353 SGD
Average Salary 2018    +3%  
5,519 SGD
Average Salary 2019    +3%  
5,657 SGD
Percentage increase and decrease are relative to the previous value
Teller salaries in Singapore are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Teller Average Hourly Wage in Singapore

33 SGD per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Singapore for Teller is 33 SGD. This means that the average Teller in Singapore earns approximatly 33 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.

Teller VS Other Jobs

Salary Comparison Between Teller and Banking monthly SingaporeWe compared Singapore salaries for Teller, Banking, and All Jobs and we found that Teller salaries are 41% less than those of Banking. We also found out that Banking salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst10,863 SGD+92%
Assistant Bank Branch Manager9,691 SGD+71%
Assistant Bank Manager11,310 SGD+100%
ATM Manager10,579 SGD+87%
ATM Service Technician5,561 SGD-2%
Bank Accounts Analyst7,797 SGD+38%
Bank Accounts Controller8,163 SGD+44%
Bank Accounts Executive8,825 SGD+56%
Bank Accounts Manager9,382 SGD+66%
Bank Auditing Manager9,423 SGD+67%
Bank Branch Manager11,177 SGD+98%
Bank Clerk5,903 SGD+4%
Bank Compliance Specialist8,356 SGD+48%
Bank Manager16,584 SGD+193%
Bank Operational Risk Manager12,595 SGD+123%
Bank Operations Head13,376 SGD+136%
Bank Operations Officer8,109 SGD+43%
Bank Operations Specialist10,201 SGD+80%
Bank Process Manager8,768 SGD+55%
Bank Product Manager 8,718 SGD+54%
Bank Programme Manager10,267 SGD+81%
Bank Project Manager10,371 SGD+83%
Bank Propositions Manager10,895 SGD+93%
Bank Quantitative Analyst8,802 SGD+56%
Bank Regional Manager11,848 SGD+109%
Bank Regional Risk Officer8,426 SGD+49%
Bank Relationship Manager9,705 SGD+72%
Bank Relationship Officer7,475 SGD+32%
Banker7,535 SGD+33%
Banking Business Analyst8,944 SGD+58%
Banking Business Development Officer7,962 SGD+41%
Banking Business Planning Executive11,329 SGD+100%
Banking Product Manager10,680 SGD+89%
Banking Reference Data Manager9,404 SGD+66%
Banking Risk Analyst8,905 SGD+57%
Banking Technical Analyst7,377 SGD+30%
Bankruptcy Coordinator9,094 SGD+61%
Budget Analyst8,313 SGD+47%
Cards Marketing Manager11,124 SGD+97%
Cash Management Manager12,420 SGD+120%
Check Processing Manager11,748 SGD+108%
Commercial Vault Associate8,321 SGD+47%
Corporate Dealer9,096 SGD+61%
Credit Analyst10,276 SGD+82%
Credit and Collections Manager10,953 SGD+94%
Credit Card Fraud Investigator9,278 SGD+64%
Credit Portfolio Manager12,942 SGD+129%
Credit Risk Analyst10,267 SGD+81%
Credit Risk Associate9,659 SGD+71%
Direct Bank Sales Representative8,327 SGD+47%
Financial Bank Planning Consultant10,071 SGD+78%
Financial Banking Analysis Manager10,982 SGD+94%
Financial Banking Assistant7,427 SGD+31%
Financial Banking Systems Manager10,495 SGD+86%
Foreign Exchange Manager10,851 SGD+92%
Fraud Analyst9,023 SGD+60%
Fraud Detection Associate8,924 SGD+58%
Fraud Detection Manager10,984 SGD+94%
Fraud Detection Supervisor8,986 SGD+59%
Internal Bank Audit Manager11,363 SGD+101%
Internal Bank Auditor8,292 SGD+47%
International Banking Manager14,087 SGD+149%
Loan Analyst8,871 SGD+57%
Loan Area Manager10,032 SGD+77%
Loan Audit Team Leader10,236 SGD+81%
Loan Branch Manager10,094 SGD+78%
Loan Business Development Officer8,531 SGD+51%
Loan Clerk6,373 SGD+13%
Loan Collection Manager9,875 SGD+75%
Loan Collector5,398 SGD-5%
Loan Examiner6,770 SGD+20%
Loan Processing Manager8,329 SGD+47%
Loan Processor7,703 SGD+36%
Loan Quality Assurance Auditor8,754 SGD+55%
Loan Quality Assurance Manager9,697 SGD+71%
Loan Quality Assurance Representative7,706 SGD+36%
Loan Review Manager8,647 SGD+53%
Loan Team Leader8,611 SGD+52%
Mortgage Advisor8,189 SGD+45%
Mortgage Collection Manager9,116 SGD+61%
Mortgage Collector6,211 SGD+10%
Mortgage Credit Analyst7,136 SGD+26%
Mortgage Credit Manager8,905 SGD+57%
Mortgage Development Manager10,958 SGD+94%
Mortgage Document Reviewer6,965 SGD+23%
Mortgage Funding Manager11,082 SGD+96%
Mortgage Operations Manager11,882 SGD+110%
Mortgage Payment Processing Clerk6,170 SGD+9%
Mortgage Processing Manager10,006 SGD+77%
Mortgage Processor7,091 SGD+25%
Mortgage Quality Assurance Auditor8,766 SGD+55%
Mortgage Quality Assurance Manager9,132 SGD+61%
Mortgage Servicing Clerk5,527 SGD-2%
Mortgage Servicing Manager9,584 SGD+69%
Mortgage Underwriter6,297 SGD+11%
Online Banking Manager11,707 SGD+107%
Payment Processing Clerk5,685 SGD+0%
Personal Banker8,803 SGD+56%
Personal Banking Advisor 8,937 SGD+58%
Phone Banker7,249 SGD+28%
Private Banker9,019 SGD+59%
Reconciliation and Investigation Specialist8,096 SGD+43%
Teller5,657 SGD=
Trade Officer6,373 SGD+13%
Trade Product Manager9,370 SGD+66%
Trader7,427 SGD+31%
Treasury Operations Officer8,696 SGD+54%
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