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Freight Forwarder Average Salary in Singapore 2020

How much money does a Freight Forwarder make in Singapore?


Average Monthly Salary
6,060 SGD
( 72,800 SGD yearly)

LOW
3,090
SGD
AVERAGE
6,060
SGD
HIGH
9,340
SGD

A person working as a Freight Forwarder in Singapore typically earns around 6,060 SGD per month. Salaries range from 3,090 SGD (lowest) to 9,340 SGD (highest).

This is the average monthly salary including housing, transport, and other benefits. Freight Forwarder salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Freight Forwarder Salary Distribution in Singapore

Median and salary distribution monthly Singapore Freight Forwarder
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The median, the maximum, the minimum, and the range

  • Salary Range

    Freight Forwarder salaries in Singapore range from 3,090 SGD per month (minimum salary) to 9,340 SGD per month (maximum salary).

  • Median Salary

    The median salary is 5,940 SGD per month, which means that half (50%) of people working as Freight Forwarder(s) are earning less than 5,940 SGD while the other half are earning more than 5,940 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 Freight Forwarder(s) are earning less than 4,070 SGD while 75% of them are earning more than 4,070 SGD. Also from the diagram, 75% of Freight Forwarder(s) are earning less than 7,490 SGD while 25% are earning more than 7,490 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

Freight Forwarder Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Singapore Freight Forwarder
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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 Freight Forwarder salaries by experience level and this is what we found.

A Freight Forwarder with less than two years of experience makes approximately 3,470 SGD per month.

While someone with an experience level between two and five years is expected to earn 4,530 SGD per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 6,340 SGD per month, 40% more than someone with two to five years of experience.

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.

Additionally, Freight Forwarder(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 7,620 SGD per month, 20% 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 8,280 SGD per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 8,930 SGD per month, 8% more than people with fifteen to twenty years of experience.


Freight Forwarder average salary change by experience in Singapore

0 - 2 Years
3,470 SGD
2 - 5 Years+31%
4,530 SGD
5 - 10 Years+40%
6,340 SGD
10 - 15 Years+20%
7,620 SGD
15 - 20 Years+9%
8,280 SGD
20+ Years+8%
8,930 SGD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Freight Forwarder Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Freight Forwarder(s) who have the same experience but different education levels.

Salary comparison by education level monthly Singapore Freight Forwarder
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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 Freight Forwarder salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Freight Forwarder is 3,970 SGD per month.

While someone with a Certificate or Diploma gets a salary of 5,840 SGD per month, 47% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 8,960 SGD per month, 53% more than someone with a Certificate or Diploma.


Freight Forwarder average salary difference by education level in Singapore

High School
3,970 SGD
Certificate or Diploma+47%
5,840 SGD
Bachelor's Degree+53%
8,960 SGD
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Freight Forwarder Salary Comparison By Gender

Salary comparison by gender monthly Singapore Freight Forwarder
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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 Freight Forwarder employees in Singapore earn 8% more than their female counterparts.

Female
5,840 SGD
Male+8%
6,300 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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Freight Forwarder Average Annual Salary Increment Percentage in Singapore

How much are annual salary increments in Singapore for Freight Forwarder(s)? How often do employees get salary raises?

Freight Forwarder

Freight Forwarder(s) in Singapore are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Singapore Freight Forwarder
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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

Annual Salary Increment Rate Singapore
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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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Freight Forwarder Bonus and Incentive Rates in Singapore

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Singapore Freight Forwarder
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A Freight Forwarder is considered to be a low 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.

70% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 30% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
30%
No Bonus
70%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Singapore
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Where can you get paid more, working for a private company or for the government? Public sector Freight Forwarder employees in Singapore earn 5% more than their private sector counterparts.

Private Sector
8,340 SGD
Public Sector+5%
8,740 SGD
Percentage increase and decrease are relative to the previous value

Freight Forwarder Salary Trend and Forecast in Singapore

How are Freight Forwarder salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Singapore Freight Forwarder
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Average Salary 2016
5,430 SGD
Average Salary 2017+4%
5,630 SGD
Average Salary 2018+2%
5,750 SGD
Average Salary 2019+3%
5,950 SGD
Percentage increase and decrease are relative to the previous value

Freight Forwarder 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 3% 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.

Freight Forwarder Average Hourly Wage in Singapore


35 SGD per hour

The average hourly wage (pay per hour) in Singapore is 35 SGD. This means that the average Freight Forwarder in Singapore earns approximately 35 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.

Freight Forwarder VS Other Jobs

Salary Comparison Between Freight Forwarder and Import and Export monthly Singapore
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The average salary for Freight Forwarder is 27% less than that of Import and Export. Also, Import and Export salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Customs Controller7,830 SGD+29%
Expeditor8,840 SGD+46%
Export Administrator7,020 SGD+16%
Export Controller8,080 SGD+33%
Export Services Manager10,100 SGD+67%
Exports Sales Manager10,500 SGD+73%
Freight Forwarder6,060 SGD-0%
Global Forwarding Agent7,640 SGD+26%
Import and Export Clerk4,710 SGD-22%
Import and Export Consultant9,660 SGD+59%
Import and Export Manager11,900 SGD+96%
Import Coordinator7,470 SGD+23%
Import Customs Specialist7,930 SGD+31%
Import Logistics Specialist7,900 SGD+30%
Importation Supervisor8,560 SGD+41%
Inspector6,830 SGD+13%
Logistic Executive9,110 SGD+50%
Logistician5,610 SGD-7%
Logistics Administrator7,550 SGD+25%
Logistics Analyst7,100 SGD+17%
Marine Cargo Inspector6,270 SGD+3%
Shipping Officer5,570 SGD-8%
0 - 0

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