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Accountant Average Salary in Singapore 2019

How much money does an Accountant make in Singapore?

5,181 SGD per month
Average Monthly Salary
A person working as an Accountant in Singapore typically earns around 5,181 SGD per month.
This is the average monthly salary including housing, transport, and other benefits. Accountant salaries may differ drasticlty based on experience, skills, gender, or location. Below you will find detialed breakdown based on many different criteria.

Accountant Salary Distribution in Singapore

Median and salary distribution monthly Singapore Accountant

Abount These Figures: Salary Range, Median and Percentiles

Accountant salaries in Singapore range between 2,487 SGD per month (minimum salary) to 7,617 SGD per month (maximum salary).

The median salary is 5,026 SGD per month, which means that half (50%) of people working as Accountant are earning less than 5,026 SGD while the other half are earning more than 5,026 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 Accountant are earning less than 3,381 SGD while 75% of them are earning more than 3,381 SGD. Also from the diagram, 75% of people working as Accountant are earning less than 5,942 SGD while 25% are earning more than 5,942 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

Accountant Salary Comparison by Years of Experience

0 - 2 Years    =  
2,897 SGD
2 - 5 Years    +25%  
3,616 SGD
5 - 10 Years    +28%  
4,642 SGD
10 - 15 Years    +12%  
5,206 SGD
15 - 20 Years    +20%  
6,232 SGD
20+ Years    +16%  
7,207 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 Accountant salaries by experience level. An Accountant with less than two years of experience makes approximatly 2,897 SGD per month. While someone with experience level between two and five years is expected to earn 3,616 SGD per month, 25% more than someone with less than two year's experience. Moving forward, an experience level between five and ten years lands a salary of 4,642 SGD per month, 28% more than a person with two to five years of experience. Additionally, Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,206 SGD per month, 12% 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 6,232 SGD per month, 20% 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 7,207 SGD per month, 16% more than people with fifteen to twenty years of experience.


Salary comparison by years of experience monthly Singapore Accountant

Accountant Salary Comparison By Education

Certificate or Diploma    =  
3,718 SGD
Bachelor's Degree    +22%  
4,539 SGD
Master's Degree    +48%  
6,719 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 Accountant salaries by education level in order to make a comparison. When the education level is Certificate or Diploma, the average salary of an Accountant is 3,718 SGD per month. While someone with a Bachelor's Degree gets a salary of 4,539 SGD per month, 22% more than someone with Certificate or Diploma. A Master's Degree gets its holder an average salary of 6,719 SGD per month, 48% more than someone with Bachelor's Degree.


Salary comparison by education level monthly Singapore Accountant


Accountant Salary Comparison By Gender

Female    =  
4,715 SGD
Male    +18%  
5,544 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 Accountant employees in Singapore earn 18% more than their female counterparts.

Salary comparison by gender monthly Singapore Accountant

Public / Government vs Private Sector Salary Comparison

Private Sector    =  
4,456 SGD
Public Sector    +30%  
5,803 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 Accountant employees in Singapore earn 30% more than their private sector counterparts.

Public vs private sector salaries monthly Singapore Accountant

Accountant Salary Trend and Forecast in Singapore

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

Salary trends and forecast monthly Singapore Accountant
Average Salary 2016    =  
4,812 SGD
Average Salary 2017    +4%  
4,990 SGD
Average Salary 2018    +2%  
5,070 SGD
Average Salary 2019    +2%  
5,181 SGD
Percentage increase and decrease are relative to the previous value
Accountant 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 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.

Accountant Average Hourly Wage in Singapore

30 SGD per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Singapore for Accountant is 30 SGD. This means that the average Accountant in Singapore earns approximatly 30 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.

Accountant VS Other Jobs

Salary Comparison Between Accountant and Accounting and Finance monthly SingaporeWe compared Singapore salaries for Accountant, Accounting and Finance, and All Jobs and we found that Accountant salaries are 37% less than those of Accounting and Finance. We also found out that Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner5,015 SGD-3%
Account Executive7,475 SGD+44%
Accountant5,181 SGD=
Accounting Assistant4,968 SGD-4%
Accounting Associate5,657 SGD+9%
Accounting Clerk3,996 SGD-23%
Accounting Coordinator4,504 SGD-13%
Accounting Manager11,000 SGD+112%
Accounting Supervisor7,797 SGD+50%
Accounting Technician4,740 SGD-9%
Accounts Executive6,988 SGD+35%
Accounts Payable and Receivable Specialist6,121 SGD+18%
Accounts Payable Clerk4,279 SGD-17%
Accounts Payable Manager8,629 SGD+67%
Accounts Receivable Clerk4,557 SGD-12%
Accounts Receivable Manager9,078 SGD+75%
Assistant Accounting Manager6,688 SGD+29%
Assistant Auditor6,016 SGD+16%
Audit Supervisor10,622 SGD+105%
Auditing Clerk5,362 SGD+3%
Auditing Manager10,952 SGD+111%
Billing Coordinator6,706 SGD+29%
Billing Specialist6,223 SGD+20%
Billing Supervisor7,475 SGD+44%
Bookkeeper4,114 SGD-21%
Bookkeeping Specialist5,418 SGD+5%
Budget Analyst6,341 SGD+22%
Budget Manager9,230 SGD+78%
Business Support Analyst7,341 SGD+42%
Capital Markets Associate8,330 SGD+61%
Cash Flow Analyst7,741 SGD+49%
Cash Management Officer7,196 SGD+39%
Cashbook Clerk5,038 SGD-3%
Chartered Accountant6,593 SGD+27%
Collections Clerk4,033 SGD-22%
Collections Specialist5,489 SGD+6%
Corporate Treasurer14,499 SGD+180%
Cost Accountant6,445 SGD+24%
Cost Accounting Manager8,768 SGD+69%
Cost Analyst8,221 SGD+59%
Credit and Collection Manager8,938 SGD+73%
Credit and Collection Staff4,660 SGD-10%
Credit and Loans Officer4,606 SGD-11%
Credit Controller7,596 SGD+47%
Debt Adviser10,071 SGD+94%
Debt Collector7,063 SGD+36%
Debtors Clerk5,890 SGD+14%
Deputy CFO13,296 SGD+157%
Derivative Trader11,540 SGD+123%
Escrow Assistant6,499 SGD+25%
External Auditor8,032 SGD+55%
Finance Associate6,244 SGD+21%
Finance Executive12,890 SGD+149%
Finance Licensing Clerk4,918 SGD-5%
Finance Licensing Manager7,837 SGD+51%
Finance Licensing Specialist6,146 SGD+19%
Finance Officer8,816 SGD+70%
Finance President15,352 SGD+196%
Finance Relationship Manager11,304 SGD+118%
Finance Release Analyst7,249 SGD+40%
Finance Team Leader 8,700 SGD+68%
Financial Actuary7,865 SGD+52%
Financial Administrator6,580 SGD+27%
Financial Analyst8,297 SGD+60%
Financial Applications Specialist5,484 SGD+6%
Financial Assistant4,956 SGD-4%
Financial Associate5,685 SGD+10%
Financial Claims Analyst7,136 SGD+38%
Financial Claims Manager8,905 SGD+72%
Financial Commercial Analyst6,621 SGD+28%
Financial Compliance Analyst8,194 SGD+58%
Financial Consultant7,166 SGD+38%
Financial Controller7,557 SGD+46%
Financial Coordinator7,124 SGD+38%
Financial Customer Service Manager9,649 SGD+86%
Financial Dealer and Broker7,126 SGD+38%
Financial Encoder4,588 SGD-11%
Financial Manager16,377 SGD+216%
Financial Operations Manager11,167 SGD+116%
Financial Policy Analyst7,548 SGD+46%
Financial Project Manager7,840 SGD+51%
Financial Quantitative Analyst8,348 SGD+61%
Financial Reporting Consultant8,109 SGD+57%
Financial Reporting Manager9,173 SGD+77%
Financial Services Sales Agent6,851 SGD+32%
Fixed Assets Administrator6,269 SGD+21%
Forensic Accountant6,372 SGD+23%
Fraud Detection Supervisor7,486 SGD+44%
Fraud Prevention Manager11,386 SGD+120%
Fund Accountant5,820 SGD+12%
Grants Coordinator5,343 SGD+3%
Internal Auditor8,097 SGD+56%
Internal Control Adviser8,397 SGD+62%
Internal Control Officer7,053 SGD+36%
Inventory Accountant12,245 SGD+136%
Investment Analyst10,155 SGD+96%
Investment Fund Manager10,610 SGD+105%
Investment Underwriter4,740 SGD-9%
Investor7,166 SGD+38%
Investor Relations Manager9,515 SGD+84%
KYC Team Leader9,078 SGD+75%
Management Economist8,469 SGD+63%
Paymaster5,757 SGD+11%
Payroll Clerk4,548 SGD-12%
Payroll Manager7,708 SGD+49%
Pensions Administrator5,900 SGD+14%
Pricing Analyst8,383 SGD+62%
Private Equity Analyst8,620 SGD+66%
Proposal Development Coordinator5,804 SGD+12%
Receivables Accountant5,213 SGD+1%
Regulatory Accountant6,198 SGD+20%
Retirement Plan Analyst8,194 SGD+58%
Revenue Management Specialist6,852 SGD+32%
Revenue Recognition Analyst10,400 SGD+101%
Risk Management Director13,046 SGD+152%
Risk Management Supervisor9,980 SGD+93%
Tax Accountant5,606 SGD+8%
Tax Advisor7,453 SGD+44%
Tax Associate5,975 SGD+15%
Tax Manager11,909 SGD+130%
Teller3,699 SGD-29%
Treasury Accountant6,089 SGD+18%
Treasury Analyst8,666 SGD+67%
Underwriter4,849 SGD-6%
Underwriting Assistant4,418 SGD-15%
Vice President of Finance11,532 SGD+123%
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