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.
Q: Â Is Singapore Management University hard to get into?
According to various sources, Singapore Management University has an acceptance rate of around 45% which makes it moderately selective for international student admissions. Some of the general admission requirements at the university are given as follows:
- Academic Transcripts
- International Qualifications that are equivalent
- Standardized Test Scores
- Proof of English Language Proficiency
After the student receives an offer letter, they are required to give the admission interview to be enrolled.
Q: Â How can I apply for NUS Singapore from India?
Applications to all the courses offered by NUS are done via online application portals of the university. Check out the steps below to see how to fill undergraduate and postgraduate applications on dedicated portals:
Undergraduate Applicants:
International applicants need to follow these steps to apply to an undergraduate programme at NUS:
Step 1: Visit myaces.nus.edu.sg/uasonline2/catD/catDapplform.do and sign up to apply.
Step 2: Enter personal details and contact information.
Step 3: Enter details of academic qualifications.
Step 4: Enter information on university/tertiary education.
Step 5: Enter the information on all outstanding achievements.
Step 6: Insert the programme details and paste the application material in the boxes provided.
Step 7: In this step, input the following:
- Next-of-kin information
- Personal identification number
- Application fee
- Financial aid
- Other information
- Tuition grant
Step 8: Read the declaration carefully.
Step 9: Press the ‘Continue’ button to complete the application.
Graduate Applicants
International applicants need to follow these steps to apply to a graduate programme at NUS:
Step 1: Sign up on the university’s application portal at inetapps.nus.edu.sg/gda2/Applicant.aspx/Account/SignUp.
Step 2: Click on ‘Create New Application’ and choose the following:
- Programme type
- Faculty
- Programme
- Department
- Specialisation (area of study)
- Source of finance
- Specify in case of ‘other source of finance’
- Academic load
Step 3: Read the instructions from the faculty/department/school carefully.
Step 4: Fill up the information as stepping through the application process.
Step 5: The system will perform an application completeness check for the selected programme.
Step 6: Once the above steps are completed, fill up the declaration section.
Step 7: Click on the 'Submit' button in the declaration page to complete the submission.
Step 8: To make an online payment for the application/acceptance fee and view details of your application (e.g. application status and admission status), click ‘View Application/Make Payment/Submit Reply on Offer of Admission’ at the menu on the left.
Step 9: To make changes to basic programme information for an application, click ‘Edit’.
Step 10: To apply to multiple programmes within the same application cycle and to change the order of preference, please click on the ‘Up’ and ‘Down’ links as required.
Q: Â Is NTU Singapore expensive?
The NTU tuition fees is S$36,336.45 for international students. Apart from this, students also need to pay University-level miscellaneous fees The tuition fee for undergraduate courses for Nanyang Technological University is similar to NUS. First of all, students need to pay a non-refundable application fee of S$21.40. After accepting the offer, international students need to pay S$5,000 as non-refundable fee. This deposit fee can be used to offset the first tuition fee payment.
Q: Â What is the population of MBA students and faculty at INSEAD Singapore?
There are around 20,000+ students and 5,500+ faculty at INSEAD Singapore.
However, it is difficult to be sure about the same because of new admissions taking place.
The INSEAD website states that there are over 145 full-time faculty from more than 30 countries.
The exact numbers may vary depending on the year and the source.
Q: Â Does INSEAD - Singapore accept Indian students?
Certainly yes, INSEAD - Singapore accepts admission applications from all across the globe including India as well. Indian students applying at INSEAD - Singapore are required to meet the eligibility criteria for the respective choice of course along with a qualifying score in the English language proficiency test like IELTS.
Q: Â How can an Indian student get admission to INSEAD - Singapore?
As an Indian student, complete the following steps to be admitted to INSEAD in Singapore:
- Academic Qualifications: Ascertain that you have a solid academic background and a bachelor's degree or its equivalent from a reputable institution.
- Work Experience: INSEAD favors individuals with relevant professional backgrounds.
- GMAT/GRE: Get ready for and take the GMAT or GRE because admissions officers frequently want these scores.
- English proficiency: You'll probably need to provide test results as confirmation of your English competence if English isn't your first language
Q: Â What is the JCU Singapore cost of living for international students?
James Cook University Singapore does not offer on-campus accommodation for their students. However, students can find various types of housing options nearby for accommodation purposes. Listed below is the JCU Singapore cost of living for international students:
Facilities | Cost of Living (per month) | Cost in INR |
---|---|---|
Accommodation | SGD 550 - 2,000 | INR 33K - 1.2L |
Meals | SGD 450 - 600 | INR 27K - 37K |
Public transportation | SGD 100 - 150 | INR 6K - 9K |
Telecom | SGD 30 - 50 | INR 1.8K - 3K |
Personal Expenses | SGD 100 - 400 | INR 6K - 24K |
Train fare (Daily Average) | SGD 0.92 - 2.17 (per trip) | INR 50 - 150 |
Taxi fare (Daily Average) | SGD 3.20 to 3.90 (per trip) | INR 200 - 250 |
Bus fare (Daily Average) | SGD 0.92 - 2.17 per trip | INR 50 - 150 |
TOTAL | SGD 1230 - 3200 | INR 73.8K - 3.86L |
Conversion Used: 1 SGD (Singapore Dollar) = INR 61.69
Q: Â Which are the popular courses at Singapore Management University?
- Business and Management.
- Banking and finance.
- IT and Computing.
- Engineering.
- Tourism and Hospitality.
- Architecture.
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