The Five Highest-Paying Industries in Singapore in 2022

According to ECA International’s “Salary Trends Report,” the Singaporean workforce is projected to enjoy a 3.5% compensation increment in 2022, higher than the 2.8% and 2.5% wage increases in 2021 and 2020, respectively. In Jobstreet’s latest salary report, Singapore ranked first as the city with the highest salary increase for 2022.  

If you're moving to the Lion City soon or you’re an expat looking to make the big switch, check out the 10 highest-paying industries to consider in Singapore.

Computer/IT (From S$3,150 to S$10,750)

The computer or IT industry comprises businesses involved in developing computer systems, designing hardware, and information technology services. This year, tech jobs continue to be the most sought-after in Singapore.

Jobs in computer or IT are the following: software engineer, cyber security engineer, project manager, computer hardware specialist, artificial intelligence specialist, IT security specialist, web developer, support specialist, computer programmer, systems analyst, network engineer, user-experience designer.

Accounting/Finance (From S$3,000 to S$10,800)

Careers in the accounting or finance industry remain in demand in the Lion City. The industry grew by 17.3% in the past year, landing it a spot on Jobstreet’s highest-paying list.

Jobs in accounting or finance are the following: operations control executive, compliance lead, accounting manager, industrial finance lead, investment banking analyst, junior tax analyst, accounting supervisor, demand planner, bookkeeper, inventory management associate, accounts receivable specialist, encoder.

Engineering (From S$2,500 to S$9,250)

Singapore’s engineering sector, also dubbed as a primary contributor to global business, is home to a wide range of companies that offer services such as designing, production, supply chain management, prototyping, and more.

Jobs in engineering are the following: mechanical engineer, technical superintendent, industrial engineer, quality assurance inspector, automotive engineer, industrial mechanic, agricultural engineer, civil engineer, drafting and design engineer, marine engineer, electrical engineer, materials engineer, biomedical engineer, nuclear engineer, environmental engineer.

Sciences (From S$2,500 to S$8,450)

According to Jobstreet, the pharma and biotechnology hubs in Singapore saw an increase in the number of job advertisements in the first three quarters of last year.

Having built a solid scientific foundation, Singapore’s science industry will soon be filling vacancies in the following positions: research and development, senior laboratory technologist, medical scientist, industrial psychologist, laboratory technician, data scientist, biomedical technologist, production operator, care coordinator, product development specialist.

Building/Construction (From S$3,000 to S$9,000)

Singapore’s construction industry started to bounce back last year. According to a report by Construction Plus Asia, this improvement was made possible by the special programmes conducted by the government and the reinstation of construction projects that were delayed due to the COVID-19 pandemic.

Jobs in the building or construction industry are the following: site manager, project coordinator, tile setter, flooring installer, electrician, construction inspector, surveyor, brick mason, concrete finisher, ironworker, crane operator, plumber, carpenter, pipefitter, cost estimator, safety manager, construction manager.