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Product Development Engineer Average Salary in Singapore 2020

How much money does a Product Development Engineer make in Singapore?


Average Monthly Salary
8,020 SGD
( 96,200 SGD yearly)

LOW
4,010
SGD
AVERAGE
8,020
SGD
HIGH
12,400
SGD

A person working as a Product Development Engineer in Singapore typically earns around 8,020 SGD per month. Salaries range from 4,010 SGD (lowest) to 12,400 SGD (highest).

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

Product Development Engineer Salary Distribution in Singapore

Median and salary distribution monthly Singapore Product Development Engineer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Product Development Engineer salaries in Singapore range from 4,010 SGD per month (minimum salary) to 12,400 SGD per month (maximum salary).

  • Median Salary

    The median salary is 8,020 SGD per month, which means that half (50%) of people working as Product Development Engineer(s) are earning less than 8,020 SGD while the other half are earning more than 8,020 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 Product Development Engineer(s) are earning less than 5,410 SGD while 75% of them are earning more than 5,410 SGD. Also from the diagram, 75% of Product Development Engineer(s) are earning less than 10,200 SGD while 25% are earning more than 10,200 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 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

Product Development Engineer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Singapore Product Development Engineer
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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 Product Development Engineer salaries by experience level and this is what we found.

A Product Development Engineer with less than two years of experience makes approximately 4,810 SGD per month.

While someone with an experience level between two and five years is expected to earn 6,360 SGD per month, 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 8,510 SGD per month, 34% more than someone with two to five 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.

Additionally, Product Development Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 10,200 SGD per month, 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 11,000 SGD per month, 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 11,800 SGD per month, 7% more than people with fifteen to twenty years of experience.


Product Development Engineer average salary change by experience in Singapore

0 - 2 Years
4,810 SGD
2 - 5 Years+32%
6,360 SGD
5 - 10 Years+34%
8,510 SGD
10 - 15 Years+19%
10,200 SGD
15 - 20 Years+8%
11,000 SGD
20+ Years+7%
11,800 SGD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Product Development Engineer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Product Development Engineer(s) who have the same experience but different education levels.

Salary comparison by education level monthly Singapore Product Development Engineer
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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 Product Development Engineer salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Product Development Engineer is 6,870 SGD per month.

While someone with a Master's Degree gets a salary of 10,800 SGD per month, 58% more than someone having a Bachelor's Degree degree.


Product Development Engineer average salary difference by education level in Singapore

Bachelor's Degree
6,870 SGD
Master's Degree+58%
10,800 SGD
Percentage increase and decrease are relative to the previous value

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 42,600 Singapore Dollar(s) to 128,000 Singapore Dollar(s) 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 into a higher paying job. The numbers seem to support the thoery. 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
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Product Development Engineer Salary Comparison By Gender

Salary comparison by gender monthly Singapore Product Development Engineer
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Product Development Engineer employees in Singapore earn 5% more than their female counterparts.

Female
7,820 SGD
Male+5%
8,190 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
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Product Development Engineer Average Annual Salary Increment Percentage in Singapore

How much are annual salary increments in Singapore for Product Development Engineer(s)? How often do employees get salary raises?

Product Development Engineer

Product Development Engineer(s) in Singapore are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Singapore Product Development Engineer
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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
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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

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

Annual Increment Rate By Industry 2019

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Listed above are the average annual increase rates for each industry in Singapore for the year 2019. 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

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Product Development Engineer Bonus and Incentive Rates in Singapore

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Singapore Product Development Engineer
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A Product Development Engineer is considered to be a moderate 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.

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Singapore
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Where can you get paid more, working for a private company or for the government? Public sector Product Development Engineer employees in Singapore earn 5% more than their private sector counterparts.

Private Sector
8,340 SGD
Public Sector+5%
8,740 SGD
Percentage increase and decrease are relative to the previous value

Product Development Engineer Salary Trend and Forecast in Singapore

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

Salary trends and forecast monthly Singapore Product Development Engineer
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Average Salary 2016
7,240 SGD
Average Salary 2017+4%
7,510 SGD
Average Salary 2018+3%
7,700 SGD
Average Salary 2019+1%
7,800 SGD
Percentage increase and decrease are relative to the previous value

Product Development Engineer 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 2019 are 1% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Product Development Engineer Average Hourly Wage in Singapore


46 SGD per hour

The average hourly wage (pay per hour) in Singapore is 46 SGD. This means that the average Product Development Engineer in Singapore earns approximately 46 SGD for every worked hour.


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

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.

Product Development Engineer VS Other Jobs

Salary Comparison Between Product Development Engineer and Engineering monthly Singapore
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The average salary for Product Development Engineer is 6% more than that of Engineering. Also, Engineering salaries are 11% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Acoustics Engineer7,410 SGD-8%
Assembly Engineering Technician6,650 SGD-17%
Assistant Chief Engineer8,080 SGD+1%
Associate Engineer7,330 SGD-9%
Autocad Operator6,030 SGD-25%
Automation Engineer8,160 SGD+2%
Avionic System Support Engineer6,720 SGD-16%
Biochemical Engineer8,220 SGD+3%
BMS Engineer7,570 SGD-6%
Bridge and Lock Tender6,720 SGD-16%
Broadcast Engineer7,900 SGD-1%
CAD Design Engineer7,080 SGD-12%
CAD Designer5,840 SGD-27%
CAE Engineer6,940 SGD-13%
Ceramics Engineer7,320 SGD-9%
Civil Engineer7,400 SGD-8%
Commissioning Engineer7,050 SGD-12%
Communications Engineer7,380 SGD-8%
Condition Monitoring Engineer6,630 SGD-17%
Contract Associate Engineer7,810 SGD-3%
Control Systems Engineer7,380 SGD-8%
Controls Engineer7,620 SGD-5%
Controls Software Engineer7,150 SGD-11%
Corrosion Engineer7,170 SGD-11%
Design Engineer7,980 SGD-0%
Drafter5,250 SGD-34%
Drafting Manager7,840 SGD-2%
Drilling Engineer7,140 SGD-11%
Electrical Draughtsman4,560 SGD-43%
Electrical Engineer7,920 SGD-1%
Electrical Engineering Manager9,210 SGD+15%
Electromechanical Engineering Technologist8,090 SGD+1%
Electromechanical Equipment Assembler6,950 SGD-13%
Energy Engineer8,230 SGD+3%
Engine Assembler4,970 SGD-38%
Engineer7,250 SGD-10%
Engineering Account Manager7,310 SGD-9%
Engineering Chief Designer7,470 SGD-7%
Engineering Consultant8,800 SGD+10%
Engineering Key Account Manager8,090 SGD+1%
Engineering Lab Technician6,780 SGD-15%
Engineering Planning Manager9,360 SGD+17%
Engineering Production Manager9,500 SGD+19%
Engineering Project Analyst8,360 SGD+4%
Engineering Project Coordinator 7,210 SGD-10%
Engineering Project Director9,530 SGD+19%
Engineering Project Manager8,820 SGD+10%
Engineering Research and Development Manager8,410 SGD+5%
Engineering Safety Coordinator6,140 SGD-23%
Engineering Sales Manager8,560 SGD+7%
Engineering Technician6,460 SGD-19%
Engineering Technologist6,620 SGD-17%
Environmental Engineer7,630 SGD-5%
Equipment Engineer7,000 SGD-13%
Equipment Engineering Manager8,460 SGD+6%
Estimator7,040 SGD-12%
Fabrication Specialist6,220 SGD-22%
Fabricator5,400 SGD-33%
Facade Engineer8,280 SGD+3%
Fiber Analyst5,730 SGD-29%
Field Engineer6,940 SGD-13%
Field Engineering Manager9,090 SGD+13%
Fire Engineer7,640 SGD-5%
Fitter and Turner3,950 SGD-51%
Forestry Strategic Planner8,430 SGD+5%
Generation Engineer8,220 SGD+3%
Genetic Engineer9,070 SGD+13%
Geological Engineer8,460 SGD+6%
Geotechnical Engineer8,060 SGD+1%
Heavy Equipment Mechanic5,660 SGD-29%
Highway Engineer6,560 SGD-18%
HSE Professional6,370 SGD-21%
HVAC Engineer7,320 SGD-9%
HVAC Supervisor7,490 SGD-7%
Industrial Engineer6,800 SGD-15%
Industrial Engineering Technologist7,080 SGD-12%
Instrument Engineer7,710 SGD-4%
Instrumentation and Control Engineer7,420 SGD-7%
Instrumentation Engineer7,550 SGD-6%
Instrumentation Manager9,390 SGD+17%
Irrigation Engineer6,770 SGD-16%
Licensed Aircraft Engineer7,230 SGD-10%
Locomotive Engineer6,900 SGD-14%
Maintenance Engineer6,650 SGD-17%
Maintenance Fitter4,760 SGD-41%
Maintenance Manager8,670 SGD+8%
Manufacturing Engineer7,580 SGD-5%
Marine Engineer6,400 SGD-20%
Materials Engineer6,660 SGD-17%
Materials Researcher7,930 SGD-1%
Materials Technician6,940 SGD-13%
Mechanical and Electrical Engineer7,900 SGD-1%
Mechanical Design Engineer7,890 SGD-2%
Mechanical Designer6,850 SGD-15%
Mechanical Engineer8,170 SGD+2%
Mechanical Engineering Manager9,500 SGD+19%
Mechanical Inspector7,400 SGD-8%
Mechatronics Engineer6,970 SGD-13%
Mining Engineer6,370 SGD-21%
Oil and Petrochemical Engineer8,490 SGD+6%
Optical Engineer6,660 SGD-17%
Optical Instrument Assembler5,950 SGD-26%
PCB Assembler5,360 SGD-33%
Photonics Engineer8,030 SGD+0%
Photonics Technician6,500 SGD-19%
Pipeline Engineer6,770 SGD-16%
Piping Designer5,970 SGD-26%
Piping Engineer6,720 SGD-16%
Planning Engineer7,000 SGD-13%
Pressure Vessel Inspector4,990 SGD-38%
Principal Cost Engineer7,870 SGD-2%
Principal Engineer7,610 SGD-5%
Principal Support Engineer7,330 SGD-9%
Process Engineer7,320 SGD-9%
Process Operator6,020 SGD-25%
Product Development Engineer8,020 SGD+0%
Product Development Technician6,290 SGD-22%
Product Engineer7,160 SGD-11%
Product Safety Engineer7,150 SGD-11%
Production Engineer7,600 SGD-5%
Project Engineer7,650 SGD-5%
Proposal Manager8,530 SGD+6%
Purchasing Engineer7,140 SGD-11%
Quality Assurance Engineer7,110 SGD-11%
Rail Engineer7,080 SGD-12%
Robotics Engineer8,700 SGD+9%
Robotics Technician7,140 SGD-11%
Safety Engineer6,950 SGD-13%
Safety Inspector6,370 SGD-21%
Safety Manager8,380 SGD+5%
Safety Officer5,900 SGD-26%
Sales Engineer6,720 SGD-16%
Scheduling Engineer6,100 SGD-24%
Service Engineer7,770 SGD-3%
Solar Engineer7,420 SGD-7%
Staff Engineer6,940 SGD-13%
Static Equipment Engineer6,930 SGD-14%
Stationary Engineer6,830 SGD-15%
Stress Engineer6,940 SGD-13%
Structural Analysis Engineer7,630 SGD-5%
Structural Designer6,730 SGD-16%
Structural Engineer7,710 SGD-4%
Structural Technician6,350 SGD-21%
Supply Chain Specialist8,090 SGD+1%
Surveyor5,430 SGD-32%
Technical Affairs Officer5,830 SGD-27%
Technical Assistant5,950 SGD-26%
Technical Engineer6,500 SGD-19%
Technical Support Engineer6,730 SGD-16%
Tender Engineer6,460 SGD-19%
Test Development Engineer7,380 SGD-8%
Transportation Engineer7,430 SGD-7%
Validation Engineer6,970 SGD-13%
Verification Engineer6,720 SGD-16%
Wastewater Engineer6,620 SGD-17%
Wind Energy Engineer7,940 SGD-1%
Wind Energy Operations Manager9,150 SGD+14%
Work Planner5,700 SGD-29%
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