Average Salary in Singapore for Indian Students 2024

Average Salary in Singapore for Indian Students 2024

Edited By Jembi Selva Mary. A | Updated on Sep 11, 2024 03:38 PM IST

In Singapore, full-time workers get an average monthly salary of about SGD 3000 to SGD 5000 (Rs 1.93 lakhs to 3.21 lakhs). The country's economy and high quality of life vary depending on the industry, position and experience. The popular sectors in Singapore include finance, technology, and healthcare to enhance opportunities and earn more money.

Generally, Singapore is an expensive country, which may impact housing, transportation, and personnel expenses so, a high salary will be required. The salary ranges will fluctuate every year, according to the market demand.

The number of international students in Singapore reached 65,000 in the 2024 academic year, a 10% increase from the previous year. The Ministry of Manpower (MOM) permits part-time workers to work a maximum of 16 hours per week. Additionally, they work full-time (40 hours per week) on holidays and weekends.

If you are considered to work in Singapore, explore the complete article to understand the average salary in Singapore and many more.

What is the average salary in Singapore?

In 2024, the average salary in Singapore for full-time workers is SGD 3000 to 5000 per month and SGD 60,000 to 70,000 per year. For international students working part-time while studying in Singapore, the average salary ranges from SGD 1,200 to 2,500 per month and SGD 14,400 to 30,000 annually.

The salary may vary depending on the job position, experience, location and companies in Singapore.

Average Salary in Singapore Cities

The average salary in Singapore for Indians ranges from around Rs 58.69 lakhs (SGD 70,000) per annum, which may vary on the sector. Here is the approximate average salary in Singapore cities listed in the table:

Average Salary in Singapore - City Wise List

Cities in Singapore

Salary in SGD (per year)

Salary in INR (per year)

Bedok

29,205

18,80,424.67

Ang Mo Kio

26,987

17,37,614.13

Singapore

26,943

17,34,781.10

Pioneer

26,296

16,93,122.66

Woodlands

24,589

15,83,213.91

Average Salary of Indians in the Singapore Sectors

The salary range in Singapore can also be investigated based on specific industries or sectors. Detailed approximate information on the average salary of Indians in Singapore - Sector Wise is mentioned below:

Average Salary of Indians in Singapore - Sector Wise

Sectors

Salary in SGD (per month)

Salary in INR (per month)

Finance

7,500

4,82,629.95

Technology

6,200

39,89,74.09

Healthcare

5,800

37,32,33.83

Engineering

5,500

35,39,28.63

Education

4,800

30,88,83.17

Retail

3,800

24,45,32.51

Hospitality

3,500

22,52,27.31

Administrative

4,200

27,02,72.77

Construction

4,000

25,74,02.64

Factors Affecting Average Salary in Singapore

The average salary for Indians in Singapore is affected by various factors including company, job role, region, infrastructure, market value and living standards. Here some common factors affecting the average salary in Singapore is given:

  • Depends on the sector: A person's salary is greatly affected by the industry or sector in which they work. Singapore has various industries, However, the salary range may vary. Working in sectors such as finance, pharmaceuticals and technology, have high salary compared to others.

  • Career background: Salary ranges are affected by the experience of an individual. Generally, senior positions such as having more experience, get higher compensation than entry-level. Experience records assist in enhancing the salary in a particular sector.

  • Higher qualification: Holding advanced education including certificates, specialised degrees and more might provide more career alternatives with higher compensation.

  • Job position: The work position may affected by specific responsibilities. Commonly, roles such as a manager or executive position has high pay in Singapore.

  • Living expenses: Salaries are impacted by Singapore's high cost of living including accommodation, food, housing and other personal expenses. Higher compensation helps to manage a comfortable lifestyle.

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Highest Paying Companies in Singapore

Numerous companies in Singapore have a reputation for providing competitive attractive packages and high salaries. The top high-paying companies are mentioned below:

  • Google

  • Facebook

  • Apple

  • Accenture

  • Delotiee

  • Singapore Airlines

  • DBS Bank

  • Shell Singapore

  • JPMorgan Chase

Frequently Asked Questions (FAQs)

1. What is a good salary in Singapore?

In Singapore, the typical monthly pay for full-time employees ranges from Rs 1.93 lakhs to 3.21 lakhs). The nation's economic status and living standards are influenced by the specific industry, career role, and level of experience.

2. Is 7000 Singapore dollars a good salary?

A monthly salary of SGD 7,000 is considered a good salary package to maintain a comfortable and decent lifestyle in Singapore. Based on the budget and location, people can also save some money in SGD 7,000 for future considerations.

3. Is 10k SGD a good salary?

Generally, a monthly salary of about SGD 3000 to SGD 5000 is considered to be a good salary for an individual or family. Still based, on the personnel budget or lifestyle you can manage your cost of living in Singapore.

4. Is 3,000 SGD a good salary in Singapore?

Yes, 3,000 SGD is considered a good salary in Singapore. It assists in managing the food, accommodation, transportation and personal expenses in Singapore. The sufficient amount may differ depending upon the cities in the country and the budget.

5. Is 60,000 SGD a good salary?

Yes, 60,000 SGD is a good salary in Singapore. Commonly, SGD 60,000 to 70,000 per year is more sufficient for every person. The high-paying companies in Singapore are Google, Facebook, Apple, Accenture, Deloitte and more.

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