Compensation expectations for finance professionals in Singapore have shifted meaningfully over the past 18 months. Drawing on our placement activity and market intelligence gathered across our search mandates, we have compiled this benchmarking guide for mid-to-senior finance roles in Singapore as at early 2025.
All figures represent base monthly salary in Singapore dollars (SGD) and exclude variable bonus, equity, and benefits unless otherwise noted.
Finance Function Benchmarks
| Role | Years Experience | Monthly Base (SGD) |
|---|---|---|
| Finance Manager | 5–8 years | $7,000 – $10,000 |
| Senior Finance Manager | 8–12 years | $10,000 – $14,000 |
| Finance Controller | 10–15 years | $13,000 – $18,000 |
| Head of Finance | 12–18 years | $16,000 – $22,000 |
| VP Finance | 15+ years | $20,000 – $28,000 |
| CFO (SME / Regional) | 18+ years | $25,000 – $40,000+ |
Key Factors Driving Variance
The ranges above reflect significant variance driven by several factors. Industry matters greatly: financial services and technology companies typically pay 15–25% premiums over the same role in manufacturing or non-profit. Company size and ownership structure are also significant — MNCs and PE-backed businesses tend to anchor toward the upper end of ranges, while family offices and local SMEs typically sit toward the lower end. Specific technical skills, such as IFRS 17 expertise, consolidations experience, or treasury management depth, command premiums of 10–20% in the current market.
What Candidates Are Asking For
Beyond base salary, mid-to-senior finance professionals are placing increasing weight on annual bonus structures (12–24 months for senior roles), flexible working arrangements, professional development budgets, and — at the CFO and VP level — long-term incentive plans or equity participation. Organisations that cannot offer at least some form of performance-linked variable compensation will find it difficult to compete for the best candidates.
Data is based on JonDavidson placement activity and market intelligence. Figures are indicative ranges and should be used as a guide only. Actual compensation varies by specific circumstances. For a confidential compensation discussion, contact our team directly.
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