A person working as a Product Development Engineer in Singapore typically earns around 7,580 SGD per month. Salaries range from 3,790 SGD (lowest) to 11,800 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 3,790 SGD per month (minimum salary) to 11,800 SGD per month (maximum salary).
The median salary is 7,580 SGD per month, which means that half (50%) of people working as Product Development Engineer(s) are earning less than 7,580 SGD while the other half are earning more than 7,580 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 5,120 SGD while 75% of them are earning more than 5,120 SGD. Also from the diagram, 75% of Product Development Engineer(s) are earning less than 9,670 SGD while 25% are earning more than 9,670 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 4,550 SGD per month.
While someone with an experience level between two and five years is expected to earn 6,020 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 8,050 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 9,610 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 10,400 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 11,100 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 6,500 SGD per month.
While someone with a Master's Degree gets a salary of 10,200 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 42,200 Singapore Dollar(s) to 127,000 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 on average.
Product Development Engineer(s) 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.
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.
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 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||6,890 SGD||-9%|
|Assembly Engineering Technician||5,680 SGD||-25%|
|Assistant Chief Engineer||8,200 SGD||+8%|
|Associate Engineer||6,660 SGD||-12%|
|Autocad Operator||4,620 SGD||-39%|
|Automation Engineer||7,620 SGD||+0%|
|Avionic System Support Engineer||6,640 SGD||-12%|
|Biochemical Engineer||6,780 SGD||-11%|
|BMS Engineer||6,570 SGD||-13%|
|Bridge and Lock Tender||3,680 SGD||-51%|
|Broadcast Engineer||6,790 SGD||-10%|
|CAD Design Engineer||7,400 SGD||-2%|
|CAD Designer||4,470 SGD||-41%|
|CAE Engineer||6,900 SGD||-9%|
|Ceramics Engineer||6,680 SGD||-12%|
|Civil Engineer||7,520 SGD||-1%|
|Commissioning Engineer||6,760 SGD||-11%|
|Communications Engineer||7,460 SGD||-2%|
|Condition Monitoring Engineer||6,340 SGD||-16%|
|Contract Associate Engineer||6,910 SGD||-9%|
|Control Systems Engineer||6,850 SGD||-10%|
|Controls Engineer||7,070 SGD||-7%|
|Controls Software Engineer||6,110 SGD||-19%|
|Corrosion Engineer||6,740 SGD||-11%|
|Design Engineer||7,430 SGD||-2%|
|Drafting Manager||7,890 SGD||+4%|
|Drilling Engineer||7,040 SGD||-7%|
|Electrical Draughtsman||3,570 SGD||-53%|
|Electrical Engineer||7,920 SGD||+4%|
|Electrical Engineering Manager||10,300 SGD||+36%|
|Electromechanical Engineering Technologist||7,710 SGD||+2%|
|Electromechanical Equipment Assembler||3,750 SGD||-51%|
|Energy Engineer||7,470 SGD||-2%|
|Engine Assembler||3,040 SGD||-60%|
|Engineering Account Manager||8,450 SGD||+11%|
|Engineering Chief Designer||8,000 SGD||+5%|
|Engineering Consultant||10,100 SGD||+33%|
|Engineering Key Account Manager||9,830 SGD||+30%|
|Engineering Lab Technician||7,010 SGD||-8%|
|Engineering Planning Manager||10,300 SGD||+36%|
|Engineering Production Manager||13,100 SGD||+73%|
|Engineering Project Analyst||8,540 SGD||+13%|
|Engineering Project Coordinator||8,350 SGD||+10%|
|Engineering Project Director||15,100 SGD||+99%|
|Engineering Project Manager||9,760 SGD||+29%|
|Engineering Research and Development Manager||10,900 SGD||+44%|
|Engineering Safety Coordinator||5,300 SGD||-30%|
|Engineering Sales Manager||9,250 SGD||+22%|
|Engineering Technician||5,410 SGD||-29%|
|Engineering Technologist||5,540 SGD||-27%|
|Environmental Engineer||6,980 SGD||-8%|
|Equipment Engineer||6,480 SGD||-15%|
|Equipment Engineering Manager||9,320 SGD||+23%|
|Fabrication Specialist||5,060 SGD||-33%|
|Facade Engineer||7,230 SGD||-5%|
|Fiber Analyst||3,900 SGD||-49%|
|Field Engineer||7,320 SGD||-3%|
|Field Engineering Manager||11,900 SGD||+57%|
|Fire Engineer||7,080 SGD||-7%|
|Fitter and Turner||2,250 SGD||-70%|
|Forestry Strategic Planner||8,410 SGD||+11%|
|Generation Engineer||6,970 SGD||-8%|
|Genetic Engineer||7,860 SGD||+4%|
|Geological Engineer||7,380 SGD||-3%|
|Geotechnical Engineer||7,440 SGD||-2%|
|Heavy Equipment Mechanic||3,690 SGD||-51%|
|Highway Engineer||6,940 SGD||-8%|
|HSE Professional||6,460 SGD||-15%|
|HVAC Engineer||7,380 SGD||-3%|
|HVAC Supervisor||6,740 SGD||-11%|
|Industrial Engineer||6,650 SGD||-12%|
|Industrial Engineering Technologist||6,920 SGD||-9%|
|Instrument Engineer||6,680 SGD||-12%|
|Instrumentation and Control Engineer||6,680 SGD||-12%|
|Instrumentation Engineer||6,790 SGD||-10%|
|Instrumentation Manager||7,330 SGD||-3%|
|Irrigation Engineer||6,680 SGD||-12%|
|Licensed Aircraft Engineer||7,340 SGD||-3%|
|Locomotive Engineer||6,650 SGD||-12%|
|Maintenance Engineer||6,420 SGD||-15%|
|Maintenance Fitter||2,500 SGD||-67%|
|Maintenance Manager||7,130 SGD||-6%|
|Manufacturing Engineer||6,560 SGD||-14%|
|Marine Engineer||6,820 SGD||-10%|
|Materials Engineer||6,620 SGD||-13%|
|Materials Researcher||6,620 SGD||-13%|
|Materials Technician||5,120 SGD||-32%|
|Mechanical and Electrical Engineer||7,530 SGD||-1%|
|Mechanical Design Engineer||7,650 SGD||+1%|
|Mechanical Designer||6,170 SGD||-19%|
|Mechanical Engineer||7,920 SGD||+4%|
|Mechanical Engineering Manager||10,400 SGD||+37%|
|Mechanical Inspector||6,840 SGD||-10%|
|Mechatronics Engineer||7,530 SGD||-1%|
|Mining Engineer||6,740 SGD||-11%|
|Oil and Petrochemical Engineer||8,020 SGD||+6%|
|Optical Engineer||6,760 SGD||-11%|
|Optical Instrument Assembler||3,510 SGD||-54%|
|PCB Assembler||2,660 SGD||-65%|
|Photonics Engineer||7,830 SGD||+3%|
|Photonics Technician||6,360 SGD||-16%|
|Pipeline Engineer||6,270 SGD||-17%|
|Piping Designer||3,700 SGD||-51%|
|Piping Engineer||6,220 SGD||-18%|
|Planning Engineer||7,200 SGD||-5%|
|Pressure Vessel Inspector||3,490 SGD||-54%|
|Principal Cost Engineer||7,080 SGD||-7%|
|Principal Engineer||6,850 SGD||-10%|
|Principal Support Engineer||7,540 SGD||-1%|
|Process Engineer||7,240 SGD||-5%|
|Process Operator||4,080 SGD||-46%|
|Product Development Engineer||7,580 SGD||-0%|
|Product Development Technician||5,080 SGD||-33%|
|Product Engineer||7,550 SGD||-0%|
|Product Safety Engineer||6,770 SGD||-11%|
|Production Engineer||7,080 SGD||-7%|
|Project Engineer||7,650 SGD||+1%|
|Proposal Manager||9,210 SGD||+21%|
|Purchasing Engineer||6,480 SGD||-15%|
|Quality Assurance Engineer||7,130 SGD||-6%|
|Rail Engineer||7,220 SGD||-5%|
|Robotics Engineer||8,230 SGD||+9%|
|Robotics Technician||5,930 SGD||-22%|
|Safety Engineer||7,130 SGD||-6%|
|Safety Inspector||5,410 SGD||-29%|
|Safety Manager||8,800 SGD||+16%|
|Safety Officer||3,540 SGD||-53%|
|Sales Engineer||7,250 SGD||-4%|
|Scheduling Engineer||6,270 SGD||-17%|
|Service Engineer||7,320 SGD||-3%|
|Solar Engineer||7,310 SGD||-4%|
|Staff Engineer||6,960 SGD||-8%|
|Static Equipment Engineer||7,040 SGD||-7%|
|Stationary Engineer||6,550 SGD||-14%|
|Stress Engineer||6,840 SGD||-10%|
|Structural Analysis Engineer||7,180 SGD||-5%|
|Structural Designer||6,460 SGD||-15%|
|Structural Engineer||7,150 SGD||-6%|
|Structural Technician||4,670 SGD||-38%|
|Supply Chain Specialist||7,040 SGD||-7%|
|Technical Affairs Officer||3,560 SGD||-53%|
|Technical Assistant||3,510 SGD||-54%|
|Technical Engineer||6,120 SGD||-19%|
|Technical Support Engineer||6,340 SGD||-16%|
|Tender Engineer||6,230 SGD||-18%|
|Test Development Engineer||7,240 SGD||-5%|
|Transportation Engineer||6,740 SGD||-11%|
|Validation Engineer||6,330 SGD||-17%|
|Verification Engineer||6,640 SGD||-12%|
|Wastewater Engineer||6,680 SGD||-12%|
|Wind Energy Engineer||7,430 SGD||-2%|
|Wind Energy Operations Manager||9,680 SGD||+28%|
|Work Planner||5,160 SGD||-32%|
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.