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Accounting and Finance Average Salaries in Singapore 2020

How much money does a person working in Accounting and Finance make in Singapore?


Average Monthly Salary
8,250 SGD
( 99,000 SGD yearly)

LOWEST
3,770
SGD
AVERAGE
8,250
SGD
HIGHEST
17,500
SGD

A person working in Accounting and Finance in Singapore typically earns around 8,250 SGD per month. Salaries range from 3,770 SGD (lowest) to 17,500 SGD (highest).

This is the average monthly salary including housing, transport, and other benefits. Salaries differ drasticly between different Accounting and Finance jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner5,020 SGD
Account Executive7,470 SGD
Accountant5,180 SGD
Accounting Assistant4,970 SGD
Accounting Associate5,660 SGD
Accounting Clerk4,000 SGD
Accounting Coordinator4,500 SGD
Accounting Manager11,000 SGD
Accounting Supervisor7,800 SGD
Accounting Technician4,740 SGD
Accounts Executive6,990 SGD
Accounts Payable and Receivable Specialist6,120 SGD
Accounts Payable Clerk4,280 SGD
Accounts Payable Manager8,630 SGD
Accounts Receivable Clerk4,560 SGD
Accounts Receivable Manager9,080 SGD
Assistant Accounting Manager6,690 SGD
Assistant Auditor6,020 SGD
Audit Supervisor10,600 SGD
Auditing Clerk5,360 SGD
Auditing Manager11,000 SGD
Billing Coordinator6,710 SGD
Billing Specialist6,220 SGD
Billing Supervisor7,470 SGD
Bookkeeper4,110 SGD
Bookkeeping Specialist5,420 SGD
Budget Analyst6,340 SGD
Budget Manager9,230 SGD
Business Support Analyst7,340 SGD
Capital Markets Associate8,330 SGD
Cash Flow Analyst7,740 SGD
Cash Management Officer7,200 SGD
Cashbook Clerk5,040 SGD
Chartered Accountant6,590 SGD
Collections Clerk4,030 SGD
Collections Specialist5,490 SGD
Corporate Treasurer14,500 SGD
Cost Accountant6,450 SGD
Cost Accounting Manager8,770 SGD
Cost Analyst8,220 SGD
Credit and Collection Manager8,940 SGD
Credit and Collection Staff4,660 SGD
Credit and Loans Officer4,610 SGD
Credit Controller7,600 SGD
Debt Adviser10,100 SGD
Debt Collector7,060 SGD
Debtors Clerk5,890 SGD
Deputy CFO13,300 SGD
Derivative Trader11,500 SGD
Escrow Assistant6,500 SGD
External Auditor8,030 SGD
Finance Associate6,240 SGD
Finance Executive12,900 SGD
Finance Licensing Clerk4,920 SGD
Finance Licensing Manager7,840 SGD
Finance Licensing Specialist6,150 SGD
Finance Officer8,820 SGD
Finance President15,400 SGD
Finance Relationship Manager11,300 SGD
Finance Release Analyst7,250 SGD
Finance Team Leader 8,700 SGD
Financial Actuary7,860 SGD
Financial Administrator6,580 SGD
Financial Analyst8,300 SGD
Financial Applications Specialist5,480 SGD
Financial Assistant4,960 SGD
Financial Associate5,690 SGD
Financial Claims Analyst7,140 SGD
Financial Claims Manager8,900 SGD
Financial Commercial Analyst6,620 SGD
Financial Compliance Analyst8,190 SGD
Financial Consultant7,170 SGD
Financial Controller7,560 SGD
Financial Coordinator7,120 SGD
Financial Customer Service Manager9,650 SGD
Financial Dealer and Broker7,130 SGD
Financial Encoder4,590 SGD
Financial Manager16,400 SGD
Financial Manager15,400 SGD
Financial Operations Manager11,200 SGD
Financial Policy Analyst7,550 SGD
Financial Project Manager7,840 SGD
Financial Quantitative Analyst8,350 SGD
Financial Reporting Consultant8,110 SGD
Financial Reporting Manager9,170 SGD
Financial Services Sales Agent6,850 SGD
Fixed Assets Administrator6,270 SGD
Forensic Accountant6,370 SGD
Fraud Detection Supervisor7,490 SGD
Fraud Prevention Manager11,400 SGD
Fund Accountant5,820 SGD
Grants Coordinator5,340 SGD
Internal Auditor8,100 SGD
Internal Control Adviser8,400 SGD
Internal Control Officer7,050 SGD
Inventory Accountant12,200 SGD
Investment Analyst10,200 SGD
Investment Fund Manager10,600 SGD
Investment Underwriter4,740 SGD
Investor7,170 SGD
Investor Relations Manager9,510 SGD
KYC Team Leader9,080 SGD
Management Economist8,470 SGD
Paymaster5,760 SGD
Payroll Clerk4,550 SGD
Payroll Manager7,710 SGD
Pensions Administrator5,900 SGD
Pricing Analyst8,380 SGD
Private Equity Analyst8,620 SGD
Proposal Development Coordinator5,800 SGD
Receivables Accountant5,210 SGD
Regulatory Accountant6,200 SGD
Retirement Plan Analyst8,190 SGD
Revenue Management Specialist6,850 SGD
Revenue Recognition Analyst10,400 SGD
Risk Management Director13,000 SGD
Risk Management Supervisor9,980 SGD
Tax Accountant5,610 SGD
Tax Advisor7,450 SGD
Tax Associate5,970 SGD
Tax Manager11,900 SGD
Teller3,700 SGD
Treasury Accountant6,090 SGD
Treasury Analyst8,670 SGD
Underwriter4,850 SGD
Underwriting Assistant4,420 SGD
Vice President of Finance11,500 SGD

Accounting and Finance Jobs Salary Distribution in Singapore

Median and salary distribution monthly Singapore Accounting and Finance

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

  • Salary Range

    The Accounting and Finance salaries in Singapore range between 3,770 SGD per month (minimum salary) to 17,500 SGD per month (maximum salary).

  • Median Salary

    The median salary is 7,920 SGD per month, which means that half (50%) of people working in Accounting and Finance are earning less than 7,920 SGD while the other half are earning more than 7,920 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 people working in Accounting and Finance are earning less than 5,260 SGD while 75% of them are earning more than 5,260 SGD. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 11,700 SGD while 25% are earning more than 11,700 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 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

Accounting and Finance Salary Forecast and Trend in Singapore

How do Accounting and Finance salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Singapore Accounting and Finance
Average Salary 2016
7,580 SGD
Average Salary 2017+4%
7,860 SGD
Average Salary 2018+1%
7,970 SGD
Average Salary 2019+2%
8,090 SGD
Percentage increase and decrease are relative to the previous value
Accounting and Finance salaries in Singapore are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2020 are 2% higher than those of 2019. The trend suggests a slow yet continous increase in pay in 2021 and future years. These numbers differ slightly from industry to another.

Accounting and Finance Hourly Average Wage in Singapore

48 SGD per hour

The average hourly wage (pay per hour) in Singapore for Accounting and Finance is 48 SGD. This means that the average person in Singapore earns approximatly 48 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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly SingaporeWe compared Singapore salaries for Accounting and Finance and All Jobs and we found that Accounting and Finance salaries are 3% less than those of All Jobs.
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