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Sales Retail and Wholesale Average Salaries in Singapore 2020

How much money does a person working in Sales Retail and Wholesale make in Singapore?


Average Monthly Salary
9,300 SGD
( 112,000 SGD yearly)

LOW
3,140
SGD
AVERAGE
9,300
SGD
HIGH
18,200
SGD

A person working in Sales Retail and Wholesale in Singapore typically earns around 9,300 SGD per month. Salaries range from 3,140 SGD (lowest average) to 18,200 SGD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Sales Retail and Wholesale careers. 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 Officer5,100 SGD
Area Sales Manager13,800 SGD
Assistant Department Manager6,180 SGD
Assistant Retail Store Manager7,180 SGD
Branch Manager9,790 SGD
Cashier2,930 SGD
Cashier Manager6,820 SGD
Depot Manager8,900 SGD
Deputy Sales Manager9,390 SGD
Distribution Director10,900 SGD
Global Wholesale Manager17,400 SGD
Head Cashier6,310 SGD
Head of Retail12,100 SGD
Head Teller6,290 SGD
Inside Sales Executive8,330 SGD
Inside Sales Representative5,590 SGD
Inventory Manager9,430 SGD
Key Account Manager9,060 SGD
Medical Device Sales7,210 SGD
National Customer Solution Specialist11,000 SGD
Parts Salesperson5,410 SGD
Project Development Manager10,300 SGD
Project Manager9,970 SGD
Purchasing and Sales Executive14,600 SGD
Quotation Engineer5,280 SGD
Relationship Manager10,900 SGD
Retail Operations Manager10,000 SGD
Retail Sales Associate7,210 SGD
Retail Store Manager9,790 SGD
Revenue Manager9,500 SGD
Sales Account Manager10,800 SGD
Sales Admin Executive12,400 SGD
Sales Assistant3,700 SGD
Sales Associate5,240 SGD
Sales Consultant7,140 SGD
Sales Coordinator5,630 SGD
Sales Development Representative6,320 SGD
Sales Engineer5,760 SGD
Sales Executive10,400 SGD
Sales Manager13,200 SGD
Sales Officer5,460 SGD
Sales Planning Analyst8,730 SGD
Sales Representative4,950 SGD
Sales Specialist8,080 SGD
Sales Support3,730 SGD
Sales Team Leader8,430 SGD
Sales Trainer9,210 SGD
Securities Sales Agent8,830 SGD
Shipper / Receiver4,070 SGD
Shop Manager9,210 SGD
Store Development Administrator6,240 SGD
Trade Marketing Officer9,040 SGD
Treasury Officer8,360 SGD
Vice President Sales12,400 SGD
Visual Merchandiser4,730 SGD

Sales Retail and Wholesale Jobs Salary Distribution in Singapore

Median and salary distribution monthly Singapore Sales Retail and Wholesale
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The median, the maximum, the minimum, and the range

  • Salary Range

    Sales Retail and Wholesale salaries in Singapore range from 3,140 SGD per month (minimum average salary) to 18,200 SGD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 8,930 SGD per month, which means that half (50%) of people working in Sales Retail and Wholesale are earning less than 8,930 SGD while the other half are earning more than 8,930 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 Sales Retail and Wholesale are earning less than 5,430 SGD while 75% of them are earning more than 5,430 SGD. Also from the diagram, 75% of people working in Sales Retail and Wholesale are earning less than 13,000 SGD while 25% are earning more than 13,000 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 42,200 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Sales Retail and Wholesale Salary Comparison By Gender

Salary comparison by gender monthly Singapore Sales Retail and Wholesale
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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 employees in Singapore who work in Sales Retail and Wholesale earn 5% more than their female counterparts on average.

Male
9,570 SGD
Female-5%
9,080 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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Sales Retail and Wholesale Average Annual Salary Increment Percentage in Singapore

How much are annual salary increments in Singapore for Sales Retail and Wholesale professionals? How often do employees get salary raises?

Sales Retail and Wholesale

Sales Retail and Wholesale professionals in Singapore are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Singapore Sales Retail and Wholesale
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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

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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Sales Retail and Wholesale Bonus and Incentive Rates in Singapore

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Singapore Sales Retail and Wholesale
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Sales Retail and Wholesale is considered to be a high bonus-based field 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.

23% of surveyed staff in Sales Retail and Wholesale reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
77%
No Bonus
23%

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.

Sales Retail and Wholesale Hourly Average Wage in Singapore


54 SGD per hour

The average hourly wage (pay per hour) in Singapore is 54 SGD. This means that the average person in Singapore earns approximately 54 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.

Sales Retail and Wholesale VS Other Jobs

Salary Comparison Between Sales Retail and Wholesale and Sales Retail and Wholesale monthly Singapore
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The average salary for Sales Retail and Wholesale is 10% more than that of All Jobs.

Government vs Private Sector Salary Comparison

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.

Private Sector
8,270 SGD
Public Sector+5%
8,670 SGD
Percentage increase and decrease are relative to the previous value

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