Career Advice
2022 Salary Guide: Financial Services (Front Office)
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