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 salaries in Singapore range from 4,010 SGD per month (minimum salary) to 12,400 SGD per month (maximum 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.
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.
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
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.
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.
|0 - 2 Years|
|2 - 5 Years||+32%|
|5 - 10 Years||+34%|
|10 - 15 Years||+19%|
|15 - 20 Years||+8%|
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+1%|
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.
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.
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.
|Job Title||Average Salary|
|Acoustics Engineer||7,410 SGD||-8%|
|Assembly Engineering Technician||6,650 SGD||-17%|
|Assistant Chief Engineer||8,080 SGD||+1%|
|Associate Engineer||7,330 SGD||-9%|
|Autocad Operator||6,030 SGD||-25%|
|Automation Engineer||8,160 SGD||+2%|
|Avionic System Support Engineer||6,720 SGD||-16%|
|Biochemical Engineer||8,220 SGD||+3%|
|BMS Engineer||7,570 SGD||-6%|
|Bridge and Lock Tender||6,720 SGD||-16%|
|Broadcast Engineer||7,900 SGD||-1%|
|CAD Design Engineer||7,080 SGD||-12%|
|CAD Designer||5,840 SGD||-27%|
|CAE Engineer||6,940 SGD||-13%|
|Ceramics Engineer||7,320 SGD||-9%|
|Civil Engineer||7,400 SGD||-8%|
|Commissioning Engineer||7,050 SGD||-12%|
|Communications Engineer||7,380 SGD||-8%|
|Condition Monitoring Engineer||6,630 SGD||-17%|
|Contract Associate Engineer||7,810 SGD||-3%|
|Control Systems Engineer||7,380 SGD||-8%|
|Controls Engineer||7,620 SGD||-5%|
|Controls Software Engineer||7,150 SGD||-11%|
|Corrosion Engineer||7,170 SGD||-11%|
|Design Engineer||7,980 SGD||-0%|
|Drafting Manager||7,840 SGD||-2%|
|Drilling Engineer||7,140 SGD||-11%|
|Electrical Draughtsman||4,560 SGD||-43%|
|Electrical Engineer||7,920 SGD||-1%|
|Electrical Engineering Manager||9,210 SGD||+15%|
|Electromechanical Engineering Technologist||8,090 SGD||+1%|
|Electromechanical Equipment Assembler||6,950 SGD||-13%|
|Energy Engineer||8,230 SGD||+3%|
|Engine Assembler||4,970 SGD||-38%|
|Engineering Account Manager||7,310 SGD||-9%|
|Engineering Chief Designer||7,470 SGD||-7%|
|Engineering Consultant||8,800 SGD||+10%|
|Engineering Key Account Manager||8,090 SGD||+1%|
|Engineering Lab Technician||6,780 SGD||-15%|
|Engineering Planning Manager||9,360 SGD||+17%|
|Engineering Production Manager||9,500 SGD||+19%|
|Engineering Project Analyst||8,360 SGD||+4%|
|Engineering Project Coordinator||7,210 SGD||-10%|
|Engineering Project Director||9,530 SGD||+19%|
|Engineering Project Manager||8,820 SGD||+10%|
|Engineering Research and Development Manager||8,410 SGD||+5%|
|Engineering Safety Coordinator||6,140 SGD||-23%|
|Engineering Sales Manager||8,560 SGD||+7%|
|Engineering Technician||6,460 SGD||-19%|
|Engineering Technologist||6,620 SGD||-17%|
|Environmental Engineer||7,630 SGD||-5%|
|Equipment Engineer||7,000 SGD||-13%|
|Equipment Engineering Manager||8,460 SGD||+6%|
|Fabrication Specialist||6,220 SGD||-22%|
|Facade Engineer||8,280 SGD||+3%|
|Fiber Analyst||5,730 SGD||-29%|
|Field Engineer||6,940 SGD||-13%|
|Field Engineering Manager||9,090 SGD||+13%|
|Fire Engineer||7,640 SGD||-5%|
|Fitter and Turner||3,950 SGD||-51%|
|Forestry Strategic Planner||8,430 SGD||+5%|
|Generation Engineer||8,220 SGD||+3%|
|Genetic Engineer||9,070 SGD||+13%|
|Geological Engineer||8,460 SGD||+6%|
|Geotechnical Engineer||8,060 SGD||+1%|
|Heavy Equipment Mechanic||5,660 SGD||-29%|
|Highway Engineer||6,560 SGD||-18%|
|HSE Professional||6,370 SGD||-21%|
|HVAC Engineer||7,320 SGD||-9%|
|HVAC Supervisor||7,490 SGD||-7%|
|Industrial Engineer||6,800 SGD||-15%|
|Industrial Engineering Technologist||7,080 SGD||-12%|
|Instrument Engineer||7,710 SGD||-4%|
|Instrumentation and Control Engineer||7,420 SGD||-7%|
|Instrumentation Engineer||7,550 SGD||-6%|
|Instrumentation Manager||9,390 SGD||+17%|
|Irrigation Engineer||6,770 SGD||-16%|
|Licensed Aircraft Engineer||7,230 SGD||-10%|
|Locomotive Engineer||6,900 SGD||-14%|
|Maintenance Engineer||6,650 SGD||-17%|
|Maintenance Fitter||4,760 SGD||-41%|
|Maintenance Manager||8,670 SGD||+8%|
|Manufacturing Engineer||7,580 SGD||-5%|
|Marine Engineer||6,400 SGD||-20%|
|Materials Engineer||6,660 SGD||-17%|
|Materials Researcher||7,930 SGD||-1%|
|Materials Technician||6,940 SGD||-13%|
|Mechanical and Electrical Engineer||7,900 SGD||-1%|
|Mechanical Design Engineer||7,890 SGD||-2%|
|Mechanical Designer||6,850 SGD||-15%|
|Mechanical Engineer||8,170 SGD||+2%|
|Mechanical Engineering Manager||9,500 SGD||+19%|
|Mechanical Inspector||7,400 SGD||-8%|
|Mechatronics Engineer||6,970 SGD||-13%|
|Mining Engineer||6,370 SGD||-21%|
|Oil and Petrochemical Engineer||8,490 SGD||+6%|
|Optical Engineer||6,660 SGD||-17%|
|Optical Instrument Assembler||5,950 SGD||-26%|
|PCB Assembler||5,360 SGD||-33%|
|Photonics Engineer||8,030 SGD||+0%|
|Photonics Technician||6,500 SGD||-19%|
|Pipeline Engineer||6,770 SGD||-16%|
|Piping Designer||5,970 SGD||-26%|
|Piping Engineer||6,720 SGD||-16%|
|Planning Engineer||7,000 SGD||-13%|
|Pressure Vessel Inspector||4,990 SGD||-38%|
|Principal Cost Engineer||7,870 SGD||-2%|
|Principal Engineer||7,610 SGD||-5%|
|Principal Support Engineer||7,330 SGD||-9%|
|Process Engineer||7,320 SGD||-9%|
|Process Operator||6,020 SGD||-25%|
|Product Development Engineer||8,020 SGD||+0%|
|Product Development Technician||6,290 SGD||-22%|
|Product Engineer||7,160 SGD||-11%|
|Product Safety Engineer||7,150 SGD||-11%|
|Production Engineer||7,600 SGD||-5%|
|Project Engineer||7,650 SGD||-5%|
|Proposal Manager||8,530 SGD||+6%|
|Purchasing Engineer||7,140 SGD||-11%|
|Quality Assurance Engineer||7,110 SGD||-11%|
|Rail Engineer||7,080 SGD||-12%|
|Robotics Engineer||8,700 SGD||+9%|
|Robotics Technician||7,140 SGD||-11%|
|Safety Engineer||6,950 SGD||-13%|
|Safety Inspector||6,370 SGD||-21%|
|Safety Manager||8,380 SGD||+5%|
|Safety Officer||5,900 SGD||-26%|
|Sales Engineer||6,720 SGD||-16%|
|Scheduling Engineer||6,100 SGD||-24%|
|Service Engineer||7,770 SGD||-3%|
|Solar Engineer||7,420 SGD||-7%|
|Staff Engineer||6,940 SGD||-13%|
|Static Equipment Engineer||6,930 SGD||-14%|
|Stationary Engineer||6,830 SGD||-15%|
|Stress Engineer||6,940 SGD||-13%|
|Structural Analysis Engineer||7,630 SGD||-5%|
|Structural Designer||6,730 SGD||-16%|
|Structural Engineer||7,710 SGD||-4%|
|Structural Technician||6,350 SGD||-21%|
|Supply Chain Specialist||8,090 SGD||+1%|
|Technical Affairs Officer||5,830 SGD||-27%|
|Technical Assistant||5,950 SGD||-26%|
|Technical Engineer||6,500 SGD||-19%|
|Technical Support Engineer||6,730 SGD||-16%|
|Tender Engineer||6,460 SGD||-19%|
|Test Development Engineer||7,380 SGD||-8%|
|Transportation Engineer||7,430 SGD||-7%|
|Validation Engineer||6,970 SGD||-13%|
|Verification Engineer||6,720 SGD||-16%|
|Wastewater Engineer||6,620 SGD||-17%|
|Wind Energy Engineer||7,940 SGD||-1%|
|Wind Energy Operations Manager||9,150 SGD||+14%|
|Work Planner||5,700 SGD||-29%|