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Technology Market Insights Q1 2017

Today is an exciting time to be a skilled technology professional in Singapore. With an abundant investment in the technology space across both the technology start-up and enterprise landscape, companies continued vying for top IT talent.    

During 2016, we saw a continuous surge of technology start-up companies in Singapore. This trend was accompanied by a steady demand for experienced Software Engineers, QA Engineers, Data Engineers and Data Scientists. Additionally, there is also a demand for resources across various IoT, Smart City and Digital Transformation initiatives. 

Top developers are in hot demand

In the final months of 2016, we saw the banking and financial services space having healthy hiring volumes for talented developers in languages such as Java, C#, Python and JVM languages such as Scala and Clojure 

Banks and financial services players are also taking an interest in DevOps Engineers and professionals with specific Agile transformation knowledge.  Exceptional talent within these areas are commanding higher than average salary increments. 

Throughout 2016, we saw a continual demand for local technology talent across all industries in Singapore.

Onwards into 2017

As we expect the demand for technology talent to continue seeing an upward trend in 2017, organisations and job seekers will see a very exciting time for Technology in the months ahead.

We encourage talented IT professionals looking to take the next step in their careers to watch this space and be open to take up new opportunities as they emerge in the job market.

Technology
Salary Report for Q1 2017*

Commerce & Industry

   
Job title Years of experience Annual salary range (S$)
IT Management 
Chief Information Officer  15+ 300K–420K
IT Director  10+ 150K–300K 
Senior IT Manager 8+ 110K–200K
IT Manager  6+ 95K–140K

Project Management 
Program Manager  15+ 150K–300K
PM 10–15 100K–190K
Business Analyst  6–15 70K–140K

Application Development
Solutions Architect  8–12 90K–160K
Development Manager  8–12 90K–140K
Developer  5–10 60K–110K
RDBMS Developer / DBA  5–8 50K–100K

Infrastructure
Infrastructure Director  10+ 160K–220K
Infrastructure Manager  8+ 100K–160K
Solutions Director / Head of Presales 8+ 150K–250K
Solutions Architect / Presales  5+ 80K–180K
Systems Administrator  5+ 50K–80K
Network Administrator  5+ 50K–80K
Network or Systems Engineer / 3rd line Support  5+ 60K–100K
Capacity Planning Engineer  5+ 60K–80K
Capacity Planning Manager  6–8 70K–120K
IT Security Director  8+ 120K–200K
IT Security Manager  6–10 80K–120K
IT Security Analyst  5+ 60K–100K
Helpdesk / Desktop Support  3–7 40K–70K
Helpdesk Team Lead / Manager  5–8 80K–120K
     

Banking & Financial Services

   
Job title Years of experience Annual salary range (S$)
IT Management 
Chief Information Officer (D to MD) 15+ 300K–500K
IT Director  10+ 150K–320K
Senior IT Manager 8+ 110K–210K
IT Manager  6+ 100K–150K

Project Management 
Program Manager (VP to D)  15+ 150K–350K
PM (AVP to VP)  10–15 110K–210K
Business Analyst (AVP to VP)  6–15 80K–170K

Application Development
Development Director (D to MD)  12–18 250K–400K
Solutions Architect (VP to SVP)  12–18 150K–240K
Development Manager (VP to SVP)  10–15 150K–240K
Developer  6–15 80K–140K
RDBMS Developer/DBA  6–15 70K–150K

Infrastructure
Infrastructure Director (D to MD)  15+ 250K–400K
Infrastructure Manager (VP)  10–15  150K–250K
Infrastructure Engineer (AVP)  6–15 90K–130K
Systems Administrator  4–8 60K–90K
L2 Support  5–10 60K–90K
Trading Systems Support (Front Office)  6–15 70K–140K
Info Security Director (VP to D) 15+  150K–250K
Info Security Specialist (AVP to VP)  8–15 100K–150K
Security Analyst  4–8 70K–100K

 

*Notes about salary table:

  1. Titles and levels vary from organisation to organisation.
  2. The salary ranges given are only approximate guides. For tailored salary advice, please contact us directly.
  3. 12-month base salaries are assumed.
  4. All other benefits and bonuses are in addition to these figures.
  5. Bonus ranges can vary significantly from company to company and will be influenced by market conditions, business and individual performances. Bonus ranges from 1 month at the low end to 100%+ at the upper.
  6. Holiday entitlements range from 1225 days with senior executives not usually receiving less than 18 days. Less than 15 is very rare and 20 days is becoming the norm.
  7. Healthcare policies are standard.
  8. Pension plans vary with some companies offering greater than the standard contribution. Top up schemes can increase employer contribution levels as much as 1520% of the base salary for senior executives.