Average Salary in Singapore for Indians: Pay Scale Guide
What is the average earning in Singapore for an Indian student after study? Well, the salary in Singapore depends upon the education level, years of experience, industry and many other factors. Singapore is one of the costliest cities in the world to study or live. No doubt, you need a good amount as a salary to live here.
Are you planning to migrate to Singapore for work or higher study? Do you want to know the monthly average salary in Singapore for Indians? Well, Singapore is one of the top 5 countries with the highest per capita income. According to a report by the IMF, the Per capita income of Singapore is USD 91,730 (INR 76.15 Lakhs).
Singapore is a popular study destination in the Asia continent. Students from India and other countries choose to study in Singapore. Apart from quality education, growing job opportunities are the reason to choose universities in Singapore for higher studies. This blog will be helpful for those who want to explore career opportunities in Singapore. By the end of this blog, you'll have a clear knowledge of the average salary in Singapore per month for Indians.
What is the Average Salary in Singapore?
The normal salary in Singapore for a working professional depends on various factors such as education level, years of experience, industry trends and more. The unemployment rate in Singapore is 1.9% which shows the amazing job opportunities available here. According to the Ministry of Manpower Singapore, the Job market is growing after the Covid-19 impact.
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The average earning in Singapore for a full-time worker is approximately SGD 70,000 (INR 43.15 Lakhs) per year. The average pay in Singapore for entry-level workers is SGD 50,544 (INR 31.18 Lakhs).
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Average Salary in Singapore for Indian Students
Nearly 9% of the total population in Singapore are Indian. They are employed in different service sectors such as Information Technology, Engineering, Healthcare, Business Owners, Government sector, and more. The IT sector of Singapore is growing rapidly and Indian professionals are dominating there. According to Glassdoor, the average IT salary in Singapore is SGD 5500 (INR 3.39 Lakhs) per month.
According to a tech salary survey from NodeFlair and Iterative, Entry-level IT professionals are earning SGD 4979 (INR 2.28 Lakhs) per month in Singapore. On the other hand, the average salary in India for the same job profile is SGD 880 (INR 40,336).
Industry-Wise Average Salary in Singapore
The pay scale for various job profiles is not the same in Singapore. If you are looking for job opportunities in Singapore, then you should have a fair idea about the highest and lowest-paying jobs here. This will help you to choose the right job for you.
On the other hand, if you are planning to get admission to a Singaporean university then, knowing current industry trends will help you to choose the right course for your future. Check out the industry-based average salary in Singapore.
Profession |
Average Salary in Singapore Estimate (Annual) in SGD |
Average Pay in Singapore Estimate (Annual) in INR |
---|---|---|
Doctor |
99,159 |
64 Lakhs |
IT Project Manager |
83,141 |
53.61 Lakhs |
Business Development Manager |
71,728 |
46.25 Lakhs |
Human Resource Manager |
70,667 |
45.57 Lakhs |
Digital Marketer Manager |
68,670 |
44.28 Lakhs |
Software Engineer (Computer Science) |
62,261 |
40.15 Lakhs |
Finance Analyst |
58,862 |
38 Lakhs |
Accountant |
52,272 |
33.71 Lakhs |
Civil Engineer |
48,023 |
31 Lakhs |
Graphic Designer |
33,869 |
22 Lakhs |
Source: PayScale
Average Salary Increment in Singapore
According to ECA International, working professionals in Singapore can expect a salary increase of 4% in the year 2024. This number is just an average of the overall increment percentage but it can vary for different job profiles and industries according to market standards.
Experience-Wise Average Salary in Singapore
Indian students who are planning to study and work in Singapore should know the salary based on experience. It will help them to understand the growth path for them. Below, we have mentioned experience-based salaries in Singapore.
Years of Experience |
Normal Salary in Singapore |
---|---|
0-2 Years |
2.28 Lakhs |
2-5 Years |
3.09 Lakhs |
5-10 Years |
4.09 Lakhs |
10-15 Years |
4.85 Lakhs |
15-20 Years |
5.57 Lakhs |
+20 Years |
6.04 Lakhs |
High Salary Jobs in Singapore
While IT, finance, and medicine offer some of the highest salaries in Singapore, there's much more to explore in this vibrant economy. Here are some additional high-paying jobs in Singapore. These profiles are known for their attractive earning potential:
Job Title |
Salary Range (SGD) |
Salary Range (INR) |
---|---|---|
Data Scientist |
S$150,000 |
79,50,000 |
Cybersecurity Specialist |
S$120,000 |
63,60,000 |
Maritime Captain |
S$200,000 |
1,06,00,000 |
Corporate Lawyer |
S$150,000 |
79,50,000 |
Investment Banking Analyst |
S$136,179 |
72,17,487 |
Full Stack Developer |
S$127,936 |
67,80,608 |
Cost of Living in Singapore for Indians
Singapore is one of the top 10 most expensive cities in the world to study or live in. A student planning to move to Singapore should be prepared to shell out S$750-S$2,000 (INR 46,176 to INR 1,23,136) per month. The cost of living in Singapore on average for living costs can vary depending on your lifestyle and location.
Job Opportunities in Singapore for Indian Students
The economy of Singapore is one of the most stable economies in the world. Students who are going to study here can easily find a job if they are proficient enough. You can explore the Job Prospects for Indian Students in Singapore
Also, there are plenty of Part-Time Work Options in Singapore for Indian Students. To apply for these jobs, students can use the below-mentioned job portals
- MyCareersFuture (Government Portal of Singapore)
- Monster
- Jobs DB
- Careers@gov
- Indeed Singapore
These job portals are easily accessible and easy to use for an Indian professional.
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Average Salary in Singapore FAQs
Q. What are the Factors Affecting the Average Salary in Singapore for Indians?
A. Apart from education and experience, Industry demand, specialization, Size of organization, Location, Market Value, and Cost of living are the major factors that affect the average salary in Singapore. Also, your negotiation skills will play an important role in deciding how much money you’ll get.
Q. What is the average IT Salary in Singapore per month for an Indian?
A. Entry-level Indian IT professionals are earning SGD 4979 (INR 2.28 Lakhs) per month in Singapore. With experience, the average salary of an IT professional is SGD 5916 (INR 3.64 Lakhs) per month in Singapore.
Q. What is the average salary in Singapore for Software engineer?
A. The average salary for a Software Engineer in Singapore is around SGD 62,261 per year. However, this can vary depending on factors such as experience, company size, location, and specific skills. It's just average salary package and actual salaries may vary.
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