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Accounting and Finance Average Salaries in Singapore 2019

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

8,246 SGD per month
Average Monthly Salary
A person working in Accounting and Finance in Singapore typically earns around 8,246 SGD per month.
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 Examiner5,015 SGD
Account Executive7,475 SGD
Accountant5,181 SGD
Accounting Assistant4,968 SGD
Accounting Associate5,657 SGD
Accounting Clerk3,996 SGD
Accounting Coordinator4,504 SGD
Accounting Manager11,000 SGD
Accounting Supervisor7,797 SGD
Accounting Technician4,740 SGD
Accounts Executive6,988 SGD
Accounts Payable and Receivable Specialist6,121 SGD
Accounts Payable Clerk4,279 SGD
Accounts Payable Manager8,629 SGD
Accounts Receivable Clerk4,557 SGD
Accounts Receivable Manager9,078 SGD
Assistant Accounting Manager6,688 SGD
Assistant Auditor6,016 SGD
Audit Supervisor10,622 SGD
Auditing Clerk5,362 SGD
Auditing Manager10,952 SGD
Billing Coordinator6,706 SGD
Billing Specialist6,223 SGD
Billing Supervisor7,475 SGD
Bookkeeper4,114 SGD
Bookkeeping Specialist5,418 SGD
Budget Analyst6,341 SGD
Budget Manager9,230 SGD
Business Support Analyst7,341 SGD
Capital Markets Associate8,330 SGD
Cash Flow Analyst7,741 SGD
Cash Management Officer7,196 SGD
Cashbook Clerk5,038 SGD
Chartered Accountant6,593 SGD
Collections Clerk4,033 SGD
Collections Specialist5,489 SGD
Corporate Treasurer14,499 SGD
Cost Accountant6,445 SGD
Cost Accounting Manager8,768 SGD
Cost Analyst8,221 SGD
Credit and Collection Manager8,938 SGD
Credit and Collection Staff4,660 SGD
Credit and Loans Officer4,606 SGD
Credit Controller7,596 SGD
Debt Adviser10,071 SGD
Debt Collector7,063 SGD
Debtors Clerk5,890 SGD
Deputy CFO13,296 SGD
Derivative Trader11,540 SGD
Escrow Assistant6,499 SGD
External Auditor8,032 SGD
Finance Associate6,244 SGD
Finance Executive12,890 SGD
Finance Licensing Clerk4,918 SGD
Finance Licensing Manager7,837 SGD
Finance Licensing Specialist6,146 SGD
Finance Officer8,816 SGD
Finance President15,352 SGD
Finance Relationship Manager11,304 SGD
Finance Release Analyst7,249 SGD
Finance Team Leader 8,700 SGD
Financial Actuary7,865 SGD
Financial Administrator6,580 SGD
Financial Analyst8,297 SGD
Financial Applications Specialist5,484 SGD
Financial Assistant4,956 SGD
Financial Associate5,685 SGD
Financial Claims Analyst7,136 SGD
Financial Claims Manager8,905 SGD
Financial Commercial Analyst6,621 SGD
Financial Compliance Analyst8,194 SGD
Financial Consultant7,166 SGD
Financial Controller7,557 SGD
Financial Coordinator7,124 SGD
Financial Customer Service Manager9,649 SGD
Financial Dealer and Broker7,126 SGD
Financial Encoder4,588 SGD
Financial Manager16,377 SGD
Financial Manager15,414 SGD
Financial Operations Manager11,167 SGD
Financial Policy Analyst7,548 SGD
Financial Project Manager7,840 SGD
Financial Quantitative Analyst8,348 SGD
Financial Reporting Consultant8,109 SGD
Financial Reporting Manager9,173 SGD
Financial Services Sales Agent6,851 SGD
Fixed Assets Administrator6,269 SGD
Forensic Accountant6,372 SGD
Fraud Detection Supervisor7,486 SGD
Fraud Prevention Manager11,386 SGD
Fund Accountant5,820 SGD
Grants Coordinator5,343 SGD
Internal Auditor8,097 SGD
Internal Control Adviser8,397 SGD
Internal Control Officer7,053 SGD
Inventory Accountant12,245 SGD
Investment Analyst10,155 SGD
Investment Fund Manager10,610 SGD
Investment Underwriter4,740 SGD
Investor7,166 SGD
Investor Relations Manager9,515 SGD
KYC Team Leader9,078 SGD
Management Economist8,469 SGD
Paymaster5,757 SGD
Payroll Clerk4,548 SGD
Payroll Manager7,708 SGD
Pensions Administrator5,900 SGD
Pricing Analyst8,383 SGD
Private Equity Analyst8,620 SGD
Proposal Development Coordinator5,804 SGD
Receivables Accountant5,213 SGD
Regulatory Accountant6,198 SGD
Retirement Plan Analyst8,194 SGD
Revenue Management Specialist6,852 SGD
Revenue Recognition Analyst10,400 SGD
Risk Management Director13,046 SGD
Risk Management Supervisor9,980 SGD
Tax Accountant5,606 SGD
Tax Advisor7,453 SGD
Tax Associate5,975 SGD
Tax Manager11,909 SGD
Teller3,699 SGD
Treasury Accountant6,089 SGD
Treasury Analyst8,666 SGD
Underwriter4,849 SGD
Underwriting Assistant4,418 SGD
Vice President of Finance11,532 SGD

Accounting and Finance Jobs Salary Distribution in Singapore

Median and salary distribution monthly Singapore Accounting and Finance

Abount These Figures: Salary Range, Median and Percentiles

The Accounting and Finance salaries in Singapore range between 3,772 SGD per month (minimum salary) to 17,496 SGD per month (maximum salary).

The median salary is 7,916 SGD per month, which means that half (50%) of people working in Accounting and Finance are earning less than 7,916 SGD while the other half are earning more than 7,916 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 in Accounting and Finance are earning less than 5,259 SGD while 75% of them are earning more than 5,259 SGD. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 11,690 SGD while 25% are earning more than 11,690 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

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    =  
7,726 SGD
Average Salary 2017    +4%  
8,012 SGD
Average Salary 2018    +1%  
8,116 SGD
Average Salary 2019    +2%  
8,246 SGD
Percentage increase and decrease are relative to the previous value
Accounting and Finance salaries in Singapore are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% 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.

Accounting and Finance Hourly Average Wage in Singapore

48 SGD per hour
Average Hourly Wage

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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