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Banking Average Salaries in Singapore 2026

How much money does a person working in Banking make in Singapore?


Average Monthly Salary
9,240 SGD
( 111,000 SGD yearly)

LOW
2,890
SGD AVERAGE
9,240
SGD HIGH
18,900
SGD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Banking in Singapore typically earns around 9,240 SGD. Salaries range from 2,890 SGD (lowest average) to 18,900 SGD (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Singapore exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Banking
AML Analyst12,200 SGD
Assistant Bank Branch Manager10,100 SGD
Assistant Bank Manager13,700 SGD
ATM Manager11,500 SGD
ATM Service Technician3,160 SGD
Bank Accounts Analyst4,870 SGD
Bank Accounts Collector2,740 SGD
Bank Accounts Controller5,970 SGD
Bank Accounts Executive8,830 SGD
Bank Accounts Manager10,200 SGD
Bank Auditing Manager10,100 SGD
Bank Branch Manager13,900 SGD
Bank Branch Operations Coordinator6,310 SGD
Bank Clerk2,860 SGD
Bank Client Service Associate4,040 SGD
Bank Collector2,820 SGD
Bank Compliance Specialist7,800 SGD
Bank Manager16,400 SGD
Bank Operational Risk Manager16,800 SGD
Bank Operations Head16,900 SGD
Bank Operations Officer6,990 SGD
Bank Operations Specialist10,200 SGD
Bank Process Manager9,780 SGD
Bank Product Manager 10,700 SGD
Bank Programme Manager11,100 SGD
Bank Project Manager12,900 SGD
Bank Propositions Manager12,100 SGD
Bank Quantitative Analyst8,800 SGD
Bank Regional Manager16,700 SGD
Bank Regional Risk Officer9,130 SGD
Bank Relationship Manager12,200 SGD
Bank Relationship Officer5,670 SGD
Bank Sustainability Analyst9,790 SGD
Bank Teller3,130 SGD
Banker5,950 SGD
Banking Business Analyst8,940 SGD
Banking Business Development Officer5,780 SGD
Banking Business Planning Executive12,700 SGD
Banking Data Analyst10,000 SGD
Banking Product Manager11,000 SGD
Banking Reference Data Manager9,400 SGD
Banking Regulatory Compliance Officer10,200 SGD
Banking Risk Analyst8,910 SGD
Banking Technical Analyst4,600 SGD
Bankruptcy Coordinator6,040 SGD
Bill and Account Collector3,220 SGD
Blockchain Analyst7,670 SGD
Blockchain Architect8,870 SGD
Blockchain Auditor7,830 SGD
Blockchain Compliance Analyst8,050 SGD
Blockchain Consultant8,410 SGD
Blockchain Trade Facilitator7,140 SGD
Budget Analyst8,310 SGD
Capital Risk Manager15,900 SGD
Cards Marketing Manager11,500 SGD
Cash Management Manager16,100 SGD
Check Processing Manager11,900 SGD
Chief Blockchain Officer9,400 SGD
Commercial Vault Associate8,320 SGD
Corporate Banker6,640 SGD
Corporate Dealer9,120 SGD
Credit Analyst7,030 SGD
Credit and Collections Manager12,200 SGD
Credit Card Fraud Investigator9,280 SGD
Credit Portfolio Manager16,400 SGD
Credit Risk Analyst9,440 SGD
Credit Risk Associate9,660 SGD
Cryptocurrency Accountant5,430 SGD
Cryptocurrency Adviser10,500 SGD
Cryptocurrency Analyst7,840 SGD
Cryptocurrency Compliance Manager9,700 SGD
Cryptocurrency Trader8,650 SGD
Digital Banking Manager11,900 SGD
Digital Currency Analyst8,530 SGD
Direct Bank Sales Representative6,340 SGD
Exchange Control Consultant8,960 SGD
Executive Account Analyst8,810 SGD
Financial Bank Planning Consultant11,600 SGD
Financial Banking Analysis Manager13,100 SGD
Financial Banking Assistant4,220 SGD
Financial Banking Systems Manager12,000 SGD
Foreign Exchange Manager12,800 SGD
Fraud Analyst9,280 SGD
Fraud Detection Associate6,310 SGD
Fraud Detection Manager13,200 SGD
Fraud Detection Supervisor7,580 SGD
Internal Bank Audit Manager15,700 SGD
Internal Bank Auditor8,310 SGD
Internal Private Banker6,380 SGD
International Banking Manager17,500 SGD
Investment Banking Analyst12,900 SGD
Loan Analyst8,870 SGD
Loan Area Manager10,900 SGD
Loan Audit Team Leader10,200 SGD
Loan Branch Manager10,100 SGD
Loan Business Development Officer5,420 SGD
Loan Clerk3,160 SGD
Loan Collection and Recovery Manager10,600 SGD
Loan Collection Manager10,600 SGD
Loan Collector2,880 SGD
Loan Examiner3,820 SGD
Loan Officer3,240 SGD
Loan Processing Manager9,400 SGD
Loan Processor3,910 SGD
Loan Quality Assurance Auditor8,750 SGD
Loan Quality Assurance Manager9,700 SGD
Loan Quality Assurance Representative6,440 SGD
Loan Review Manager9,680 SGD
Loan Team Leader8,610 SGD
Loans Manager12,200 SGD
Mortgage Advisor5,900 SGD
Mortgage Collection Manager9,900 SGD
Mortgage Collector2,750 SGD
Mortgage Credit Analyst4,450 SGD
Mortgage Credit Manager10,300 SGD
Mortgage Development Manager11,800 SGD
Mortgage Document Reviewer3,990 SGD
Mortgage Funding Manager11,800 SGD
Mortgage Operations Manager15,500 SGD
Mortgage Payment Processing Clerk3,400 SGD
Mortgage Processing Manager10,400 SGD
Mortgage Processor4,070 SGD
Mortgage Quality Assurance Auditor8,770 SGD
Mortgage Quality Assurance Manager10,000 SGD
Mortgage Servicing Clerk3,130 SGD
Mortgage Servicing Manager9,910 SGD
Mortgage Underwriter3,720 SGD
Online Banking Manager14,800 SGD
Open Banking Strategist8,970 SGD
Payment Processing Clerk3,010 SGD
Personal Banker6,510 SGD
Personal Banking Advisor 6,580 SGD
Phone Banker4,140 SGD
Private Banker6,100 SGD
Reconciliation and Investigation Specialist7,200 SGD
Tax Officer5,490 SGD
Teller3,140 SGD
Trade Officer3,640 SGD
Trade Product Manager10,400 SGD
Trader4,340 SGD
Treasury Operations Officer8,170 SGD
Wealth Management Advisor13,000 SGD

Banking Jobs Pay Scale and Salaries in Singapore

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.

  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Banking in Singapore range from 2,890 SGD (starting average salary) to 18,900 SGD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Banking is 7,960 SGD, implying that half of the workforce in Singapore earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Singapore earn less than 5,950 SGD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 9,800 SGD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Singapore. The analysis revealed that roughly 65% of all reported salaries fell within the range of 4,000 SGD to 7,370 SGD. Approximately 20% of salaries were below the 4,000 SGD mark, while 10% ranged from 7,370 SGD to 8,910 SGD. Only 5% of individuals earned a gross salary of 8,910 SGD or higher.