2022 Salary Guide: Financial Services (Front Office)

January 03, 2022

SG Salary Guide Financial Services

Want to advance your Financial Services career? Here’s what you need to know:

Hot Jobs for 2022 in Singapore

This year, hiring managers are looking out for:

  • Private bankers at Director Level and above including team leads and market leads
  • Analysts and Associates at investment banks
  • Transaction Banking Sales & Coverage Bankers

Emerging Skills & Hiring Trends

  • If you have excellent marketing skills, relationship management skills, and in-depth product knowledge, you’re an ideal candidate!
  • But of course, private bankers or qualified candidates with industry experience are preferred
  • For a better shot at nailing the job, show that you’ve held extensive portfolios and occupied high ranking positions in other private banks

Singapore Average Salary: Financial Services (Front Office)

This is the average salary in Singapore for Financial Services (Front Office) jobs:

Investment Banking M&A / ECM / DCM

Job Title Average Annual Salary (SGD)
Analyst $150,000
Associate $220,000
VP $320,000
Director $450,000
Managing Director $620,000

Private Banking

Job Title Average Annual Salary (SGD)
Associate $96,000
AVP / Associate Director $150,000
VP / Director $240,000
Executive Director $350,000
Managing Director $480,000
Trade Finance $200,000
Cash Management $200,000
Relationship Manager $200,000
FI RM (Coverage Bank/Non-Bank) $200,000
Product Manager (Cash / Trade / Liquidity / Custody $200,000

Private Equity

Job Title Average Annual Salary (SGD)
Analyst $100,000
Associate $180,000
VP $300,000
Director $400,000
Managing Director $600,000

Retail Banking / Premier Banking

Job Title Average Annual Salary (SGD)
Bancassurance / Insurance  Specialist $50,000
Priority Banking / Premier Banking RM $45,000
Employee Banking / Work Place Banking / Business Banking Client Acquisition $43,000
Mortgage Specialist $45,000

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Back to Ultimate Singapore Salary Guide.

Source: Morgan McKinley

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