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Chief Financial Officer Average Salary in Singapore 2019

How much money does a Chief Financial Officer make in Singapore?

16,956 SGD per month
Average Monthly Salary
A person working as a Chief Financial Officer in Singapore typically earns around 16,956 SGD per month.
This is the average monthly salary including housing, transport, and other benefits. Chief Financial Officer salaries may differ drasticlty based on experience, skills, gender, or location. Below you will find detialed breakdown based on many different criteria.

Chief Financial Officer Salary Distribution in Singapore

Median and salary distribution monthly Singapore Chief Financial Officer

Abount These Figures: Salary Range, Median and Percentiles

Chief Financial Officer salaries in Singapore range between 7,291 SGD per month (minimum salary) to 25,772 SGD per month (maximum salary).

The median salary is 17,295 SGD per month, which means that half (50%) of people working as Chief Financial Officer are earning less than 17,295 SGD while the other half are earning more than 17,295 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 as Chief Financial Officer are earning less than 11,064 SGD while 75% of them are earning more than 11,064 SGD. Also from the diagram, 75% of people working as Chief Financial Officer are earning less than 22,395 SGD while 25% are earning more than 22,395 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

Chief Financial Officer Salary Comparison by Years of Experience

0 - 2 Years    =  
8,677 SGD
2 - 5 Years    +46%  
12,650 SGD
5 - 10 Years    +15%  
14,499 SGD
10 - 15 Years    +24%  
18,010 SGD
15 - 20 Years    +10%  
19,858 SGD
20+ Years    +24%  
24,571 SGD
Percentage increase and decrease are relative to the previous value

Experience level is the most important factor in determining your salary. Naturally the more years of experience the higher your wage. We broke down Chief Financial Officer salaries by experience level. A Chief Financial Officer with less than two years of experience makes approximatly 8,677 SGD per month. While someone with experience level between two and five years is expected to earn 12,650 SGD per month, 46% more than someone with less than two year's experience. Moving forward, an experience level between five and ten years lands a salary of 14,499 SGD per month, 15% more than a person with two to five years of experience. Additionally, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 18,010 SGD per month, 24% more than a person with five to ten years of experience. If the experience level is between fifteen and twenty years, then the expected wage is 19,858 SGD per month, 10% more than a person with ten to fifteen years of experience. Lastly, employees with more than twenty years of professional experience get a salary of 24,571 SGD per month, 24% more than people with fifteen to twenty years of experience.

Salary comparison by years of experience monthly Singapore Chief Financial Officer

Chief Financial Officer Salary Comparison By Education

Certificate or Diploma    =  
11,449 SGD
Bachelor's Degree    +57%  
17,918 SGD
Master's Degree    +18%  
21,152 SGD
Percentage increase and decrease are relative to the previous value

We all know that higher education equals a bigger salary, but how much more money can a degree add into your income? We broke down Chief Financial Officer salaries by education level in order to make a comparison. When the education level is Certificate or Diploma, the average salary of a Chief Financial Officer is 11,449 SGD per month. While someone with a Bachelor's Degree gets a salary of 17,918 SGD per month, 57% more than someone with Certificate or Diploma. A Master's Degree gets its holder an average salary of 21,152 SGD per month, 18% more than someone with Bachelor's Degree.

Salary comparison by education level monthly Singapore Chief Financial Officer

Chief Financial Officer Salary Comparison By Gender

Female    =  
16,023 SGD
Male    +14%  
18,227 SGD
Percentage increase and decrease are relative to the previous value
Though gender should not have an effect on pay, in reality it does. So who gets paid more: men or women? Male Chief Financial Officer employees in Singapore earn 14% more than their female counterparts.

Salary comparison by gender monthly Singapore Chief Financial Officer

Public / Government vs Private Sector Salary Comparison

Private Sector    =  
15,175 SGD
Public Sector    +26%  
19,075 SGD
Percentage increase and decrease are relative to the previous value
Where can you get paid more, working for a private company or for the goverment? Public sector Chief Financial Officer employees in Singapore earn 26% more than their private sector counterparts.

Public vs private sector salaries monthly Singapore Chief Financial Officer

Chief Financial Officer Salary Trend and Forecast in Singapore

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

Salary trends and forecast monthly Singapore Chief Financial Officer
Average Salary 2016    =  
15,473 SGD
Average Salary 2017    +4%  
16,045 SGD
Average Salary 2018    +3%  
16,542 SGD
Average Salary 2019    +3%  
16,956 SGD
Percentage increase and decrease are relative to the previous value
Chief Financial Officer salaries in Singapore are on the rise in the year 2019 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 continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Chief Financial Officer Average Hourly Wage in Singapore

98 SGD per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Singapore for Chief Financial Officer is 98 SGD. This means that the average Chief Financial Officer in Singapore earns approximatly 98 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.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management monthly SingaporeWe compared Singapore salaries for Chief Financial Officer, Executive and Management, and All Jobs and we found that Chief Financial Officer salaries are 47% more than those of Executive and Management. We also found out that Executive and Management salaries are 36% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator7,467 SGD-56%
Administration Manager8,636 SGD-49%
Area Manager8,329 SGD-51%
Asset Protection Associate9,914 SGD-42%
Assistant Director9,491 SGD-44%
Assistant Manager9,697 SGD-43%
Assistant Operations Manager10,790 SGD-36%
Assistant Project Manager9,245 SGD-45%
Assistant Section Head7,609 SGD-55%
Assistant to CEO8,905 SGD-47%
Assistant Vice President10,156 SGD-40%
Associate Director9,687 SGD-43%
Bid Manager11,210 SGD-34%
Branch Manager10,501 SGD-38%
Business Development Manager11,541 SGD-32%
Business Operations Associate9,697 SGD-43%
Business Operations Lead9,967 SGD-41%
Campaign Manager9,979 SGD-41%
Chairman of The Board18,193 SGD+7%
Chairman Office Manager11,909 SGD-30%
Chief Corporate Officer14,493 SGD-15%
Chief Executive Officer18,281 SGD+8%
Chief Financial Officer16,956 SGD=
Chief of Staff8,194 SGD-52%
Chief Operating Officer12,847 SGD-24%
Chief Risk Officer11,363 SGD-33%
Client Services Manager12,060 SGD-29%
Commercial Project Manager9,482 SGD-44%
Commodity Broker7,316 SGD-57%
Corporate Affairs Executive10,224 SGD-40%
Corporate Compliance Director11,789 SGD-30%
Corporate Director12,344 SGD-27%
Corporate Officer8,430 SGD-50%
Corporate Partnerships Officer8,278 SGD-51%
Country Manager14,555 SGD-14%
Deputy Director12,694 SGD-25%
Director13,321 SGD-21%
Director of Accreditation11,848 SGD-30%
Director of Catering Services10,610 SGD-37%
Director of Client Services11,080 SGD-35%
Director of Facilities Management9,678 SGD-43%
Director of Operations11,848 SGD-30%
Director of Process Simplification9,847 SGD-42%
Director of Project Management12,846 SGD-24%
Director of Revenue Management11,392 SGD-33%
Director of Training and Development11,264 SGD-34%
Distribution Manager11,999 SGD-29%
Division Manager10,453 SGD-38%
Duty Manager10,708 SGD-37%
Engagement Manager12,443 SGD-27%
Executive Director17,196 SGD+1%
Executive Manager15,238 SGD-10%
Franchise Manager15,742 SGD-7%
General Manager13,546 SGD-20%
Global Master Data Manager12,245 SGD-28%
Head of Middle Office11,431 SGD-33%
Head of Projects12,331 SGD-27%
Head of Sustainability10,217 SGD-40%
Housing Manager10,057 SGD-41%
HSE Manager9,658 SGD-43%
Key Account Manager9,635 SGD-43%
Knowledge Manager11,863 SGD-30%
Location Manager11,509 SGD-32%
Logistics Manager9,072 SGD-46%
Management Consultant9,154 SGD-46%
Management Executive13,515 SGD-20%
Manager12,187 SGD-28%
Managing Director13,817 SGD-19%
MIS Executive12,043 SGD-29%
Ocean Services Manager12,195 SGD-28%
Operations Assistant8,661 SGD-49%
Operations Director13,663 SGD-19%
Operations Executive12,890 SGD-24%
Operations Manager13,556 SGD-20%
Operations Supervisor11,095 SGD-35%
Policy Administration Executive10,318 SGD-39%
Private Sector Executive10,892 SGD-36%
Product Development Manager11,899 SGD-30%
Product Executive10,159 SGD-40%
Production Executive11,513 SGD-32%
Production Manager12,385 SGD-27%
Production Supervisor9,787 SGD-42%
Program Manager12,695 SGD-25%
Programme Coordinator8,321 SGD-51%
Project Control Manager12,144 SGD-28%
Project Coordinator7,456 SGD-56%
Project Management Officer8,700 SGD-49%
Project Manager9,429 SGD-44%
Project Portfolio Manager9,788 SGD-42%
Quality Manager10,123 SGD-40%
R/D Director10,910 SGD-36%
Regional Director17,154 SGD+1%
Regional Manager12,941 SGD-24%
Relationship Manager12,324 SGD-27%
Retail District Manager8,462 SGD-50%
Revenue Manager9,534 SGD-44%
Risk and Capital Manager13,376 SGD-21%
Risk Officer8,913 SGD-47%
Safety Manager8,599 SGD-49%
Section Head9,418 SGD-44%
Service Manager9,480 SGD-44%
Shift Supervisor7,723 SGD-54%
Solutions Manager8,768 SGD-48%
Supervisor7,634 SGD-55%
Supply Chain Manager12,948 SGD-24%
Surveyor8,262 SGD-51%
Technical Manager11,080 SGD-35%
Territory Manager11,323 SGD-33%
Validation Manager10,277 SGD-39%
Vice President14,900 SGD-12%
Zone Manager12,795 SGD-25%
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