Average Assistant Merchandise Planner Salary in Singapore for 2024

In this article, we will look at the average Assistant Merchandise Planner salary for 2024 in Singapore and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Singapore dollar. To keep things simple, we are using the SGD currency code instead of the currency symbol $.

How Much Does an Assistant Merchandise Planner Make in Singapore?

An Assistant Merchandise Planner working in Singapore will typically earn around 79,120 SGD per year, and this can range from the lowest average salary of about 43,480 SGD to the highest average salary of 115,220 SGD.

Average Annual Salary
79,120 SGD
Average Monthly Salary
6,593 SGD

Lowest Annual Salary
43,480 SGD
Lowest Monthly Salary
3,623 SGD

Highest Annual Salary
115,220 SGD
Highest Monthly Salary
9,601 SGD

These are average salaries for an Assistant Merchandise Planner in Singapore and include benefits such as housing and transport. It's also possible for an Assistant Merchandise Planner to earn more or less than the average salaries shown above.

Assistant Merchandise Planner salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Assistant Merchandise Planner Salaries in Singapore

So we've looked at the average salaries an Assistant Merchandise Planner will earn in Singapore. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Merchandise Planner can earn between 43,480 SGD and 115,220 SGD on average in Singapore. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Assistant Merchandise Planner in Singapore is 70,700 SGD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 70,700 SGD, and 50% of the population earn more than 70,700 SGD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Assistant Merchandise Planner salary in Singapore, 25% of the population are earning less than 51,100 SGD while 75% of the population earn more than 51,100 SGD.

75% of the population earn less than 86,740 SGD, and 25% of the population earn more than 86,740 SGD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Assistant Merchandise Planner Salary by Experience Level in Singapore

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average assistant merchandise planner salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Assistant Merchandise Planner in Singapore that has less than two years of experience can expect to earn somewhere in the region of 49,700 SGD.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Merchandise Planner salary would increase to 60,840 SGD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Merchandise Planner, the average salary would be 79,500 SGD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 96,980 SGD.
  • 15 - 20 Years Experience. An Assistant Merchandise Planner with 15 to 20 years of experience can earn an average of 103,580 SGD.
  • 20+ Years Experience. For an Assistant Merchandise Planner with more than 20 years, the expected average salary increases to 111,000 SGD.

Average Salary by Experience Chart

0-2 Years
49,700 SGD
2-5 Years +26%
60,840 SGD
5-10 Years +32%
79,500 SGD
10-15 Years +18%
96,980 SGD
15-20 Years +11%
103,580 SGD
20+ Years +6%
111,000 SGD

Assistant Merchandise Planner Salary by Education Level in Singapore

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Assistant Merchandise Planner in Singapore based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Assistant Merchandise Planner in Singapore with a high school education can earn an average salary of 57,860 SGD.

  • Certificate or Diploma. An Assistant Merchandise Planner in Singapore with a certificate or diploma education can earn an average salary of 67,020 SGD.

  • Bachelor's Degree. An Assistant Merchandise Planner in Singapore with a bachelor's degree education can earn an average salary of 88,620 SGD.

  • Master's Degree. An Assistant Merchandise Planner in Singapore with a master's degree education can earn an average salary of 110,340 SGD.

Average Salary by Education Chart

High School
57,860 SGD
Certificate or Diploma +13%
67,020 SGD
Bachelor's Degree +32%
88,620 SGD
Master's Degree +24%
110,340 SGD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Singapore is around 42,200 to 127,000 SGD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Assistant Merchandise Planner Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Singapore, a male assistant merchandise planner will earn an average of 80,920 SGD, while a female assistant merchandise planner will earn around 77,400 SGD.

This means that a male assistant merchandise planner earns approximately 5% more than a female assistant merchandise planner for performing the same job.

Average Salary by Gender Chart in Singapore

Male
80,920 SGD
Female -5%
77,400 SGD

Assistant Merchandise Planner Average Pay Raise in Singapore

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Assistant Merchandise Planner in Singapore is around 13% every 13 months.

The national average pay raise across all professions and industries in Singapore is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 13 ) × 12  = 12%

What this means is that an Assistant Merchandise Planner in Singapore can expect to receive an average pay raise of around 12% every 12 months.

Annual Pay Raise by Industry in Singapore for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Singapore.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Assistant Merchandise Planner Bonus and Incentive Rates in Singapore

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Assistant Merchandise Planner is a moderate bonus based job, with 52% of employees reporting at least one bonus in the last 12 months.

48% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 4% to 5%.

Received Bonus
52%
No Bonus
48%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Singapore earn approximately 5% more than private sector employees in the same role.

Public Sector
103,440 SGD
Private Sector -5%
98,540 SGD

Salaries for Jobs Similar to an Assistant Merchandise Planner

In the table below, we have salary information for jobs that are similar to an Assistant Merchandise Planner in Singapore.

Job Title Category Salary
Assistant Business Development Manager Business Planning 128,500 SGD
Business Advisor Business Planning 124,400 SGD
Business Analyst Business Planning 123,400 SGD
Business Consultant Business Planning 117,860 SGD
Business Continuity Associate Business Planning 73,020 SGD
Business Developer Business Planning 71,400 SGD
Business Development Analyst Business Planning 91,380 SGD
Business Development Associate Business Planning 63,700 SGD
Business Development Coordinator Business Planning 65,800 SGD
Business Development Director Business Planning 174,000 SGD
Business Development Engineer Business Planning 96,520 SGD
Business Development Executive Business Planning 125,700 SGD
Business Development Manager Business Planning 142,300 SGD
Business Development Specialist Business Planning 117,440 SGD
Business Manager Business Planning 138,800 SGD
Business Operations Specialist Business Planning 113,700 SGD
Business Process Writer Business Planning 70,940 SGD
Business Systems Analyst Business Planning 124,400 SGD
Capacity Planner Business Planning 83,640 SGD
Capacity Planning Supervisor Business Planning 113,220 SGD
Change Communications Analyst Business Planning 106,760 SGD
Change Control Analyst Business Planning 106,980 SGD
Change Impact Analyst Business Planning 108,080 SGD
Contracts Executive Business Planning 117,380 SGD
Corporate Strategy Analyst Business Planning 118,380 SGD
Cost Control Engineer Business Planning 80,180 SGD
Cost Controller Business Planning 87,040 SGD
Cost Estimator Business Planning 77,400 SGD
Data Executive Business Planning 59,940 SGD
Data Manager Business Planning 87,640 SGD
Data Processing Manager Business Planning 110,340 SGD
Development Researcher Business Planning 93,280 SGD
Director of Business Development Business Planning 174,000 SGD
Director of Production Planning Business Planning 151,800 SGD
Due Diligence Analyst Business Planning 125,100 SGD
Estimating Manager Business Planning 128,500 SGD
General Manager Business Planning 150,000 SGD
Incident Handler Business Planning 83,300 SGD
Incident Specialist Business Planning 101,120 SGD
Lean Consultant Business Planning 88,480 SGD
Manager Business Planning 159,500 SGD
Marketing and Business Development Manager Business Planning 138,800 SGD
Materials Planner Business Planning 50,180 SGD
Merchandise Assistant Business Planning 50,020 SGD
Merchandise Controller Business Planning 48,300 SGD
Merchandise Planner Business Planning 51,340 SGD
Operations Analyst Business Planning 108,300 SGD
Operations Manager Business Planning 117,520 SGD
Operations Research Analyst Business Planning 70,600 SGD
Planning and Reporting Manager Business Planning 125,100 SGD
Planning Director Business Planning 152,300 SGD
Project Administrator Business Planning 78,480 SGD
Project Manager Business Planning 119,900 SGD
Project Planner Business Planning 73,120 SGD
Research Assistant Business Planning 64,720 SGD
Research Engineer Business Planning 73,820 SGD
Research Officer Business Planning 61,400 SGD
Risk Management Specialist Business Planning 117,520 SGD
Scholarship Coordinator Business Planning 58,440 SGD
Store Planner Business Planning 59,660 SGD
Strategy Director Business Planning 159,100 SGD
Top Research and Development Executive Business Planning 169,000 SGD

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