Average Budget Analyst Salary in Singapore for 2026
In this article, we will look at the average Budget Analyst salary for 2026 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 a Budget Analyst Make in Singapore?
A Budget Analyst working in Singapore will typically earn around 115,560 SGD per year, and this can range from the lowest average salary of about 57,080 SGD to the highest average salary of 176,800 SGD.
These are average salaries for a Budget Analyst in Singapore and include benefits such as housing and transport. It's also possible for a Budget Analyst to earn more or less than the average salaries shown above.
Budget Analyst 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 Budget Analyst Salaries in Singapore
So we've looked at the average salaries a Budget Analyst will earn in Singapore. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Budget Analyst can earn between 57,080 SGD and 176,800 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 a Budget Analyst in Singapore is 115,560 SGD. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 115,560 SGD, and 50% of the population earn more than 115,560 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 Budget Analyst salary in Singapore, 25% of the population are earning less than 75,100 SGD while 75% of the population earn more than 75,100 SGD.
75% of the population earn less than 146,200 SGD, and 25% of the population earn more than 146,200 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.
Budget Analyst 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 Budget Analyst 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. A Budget Analyst in Singapore that has less than two years of experience can expect to earn somewhere in the region of 68,580 SGD.
- 2 - 5 Years Experience. With two to five years of experience the average Budget Analyst salary would increase to 89,460 SGD.
- 5 - 10 Years Experience. From five to ten years of experience as a Budget Analyst, the average salary would be 119,900 SGD.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 142,300 SGD.
- 15 - 20 Years Experience. A Budget Analyst with 15 to 20 years of experience can earn an average of 157,600 SGD.
- 20+ Years Experience. For a Budget Analyst with more than 20 years, the expected average salary increases to 168,100 SGD.
Average Salary by Experience Chart
| 0-2 Years | - | 68,580 SGD |
| 2-5 Years | +32% | 89,460 SGD |
| 5-10 Years | +34% | 119,900 SGD |
| 10-15 Years | +19% | 142,300 SGD |
| 15-20 Years | +8% | 157,600 SGD |
| 20+ Years | +7% | 168,100 SGD |
Budget Analyst 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 a Budget Analyst 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. A Budget Analyst in Singapore with a high school education can earn an average salary of 86,760 SGD.
- Certificate or Diploma. A Budget Analyst in Singapore with a certificate or diploma education can earn an average salary of 96,560 SGD.
- Bachelor's Degree. A Budget Analyst in Singapore with a bachelor's degree education can earn an average salary of 130,400 SGD.
- Master's Degree. A Budget Analyst in Singapore with a master's degree education can earn an average salary of 168,100 SGD.
Average Salary by Education Chart
| High School | - | 86,760 SGD |
| Certificate or Diploma | +14% | 96,560 SGD |
| Bachelor's Degree | +36% | 130,400 SGD |
| Master's Degree | +26% | 168,100 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.
Budget Analyst 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 budget analyst will earn an average of 116,180 SGD, while a female budget analyst will earn around 109,340 SGD.
This means that a male budget analyst earns approximately 6% more than a female budget analyst for performing the same job.
Average Salary by Gender Chart in Singapore
| Male | - | 116,180 SGD |
| Female | -6% | 109,340 SGD |
Budget Analyst 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 a Budget Analyst in Singapore is around 12% every 15 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 = ( 12 ÷ 15 ) × 12 = 10%
What this means is that a Budget Analyst in Singapore can expect to receive an average pay raise of around 10% every 12 months.
Annual Pay Raise by Industry in Singapore for 2026
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% |
Budget Analyst 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.
A Budget Analyst is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.
18% 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 5% to 8%.
| Received Bonus | - | 82% |
| No Bonus | - | 18% |
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 a Budget Analyst
In the table below, we have salary information for jobs that are similar to a Budget Analyst in Singapore.
| Job Title | Category | Salary |
|---|---|---|
| Account Examiner | Accounting and Finance | 51,400 SGD |
| Account Executive | Accounting and Finance | 86,460 SGD |
| Accountant | Accounting and Finance | 64,300 SGD |
| Accounting Analyst | Accounting and Finance | 84,740 SGD |
| Accounting Assistant | Accounting and Finance | 48,760 SGD |
| Accounting Associate | Accounting and Finance | 52,540 SGD |
| Accounting Clerk | Accounting and Finance | 42,460 SGD |
| Accounting Coordinator | Accounting and Finance | 62,420 SGD |
| Accounting Head | Accounting and Finance | 136,100 SGD |
| Accounting Manager | Accounting and Finance | 152,100 SGD |
| Accounting Officer | Accounting and Finance | 50,660 SGD |
| Accounting Specialist | Accounting and Finance | 94,800 SGD |
| Accounting Supervisor | Accounting and Finance | 96,520 SGD |
| Accounting Technician | Accounting and Finance | 46,160 SGD |
| Accounting Unit Controller | Accounting and Finance | 115,640 SGD |
| Accounts Executive | Accounting and Finance | 88,600 SGD |
| Accounts Officer | Accounting and Finance | 54,180 SGD |
| Accounts Payable Assistant | Accounting and Finance | 55,140 SGD |
| Accounts Payable Associate | Accounting and Finance | 64,180 SGD |
| Accounts Payable Clerk | Accounting and Finance | 53,860 SGD |
| Accounts Payable Manager | Accounting and Finance | 138,200 SGD |
| Accounts Payable and Receivable Specialist | Accounting and Finance | 67,900 SGD |
| Accounts Receivable Administrator | Accounting and Finance | 103,140 SGD |
| Accounts Receivable Clerk | Accounting and Finance | 53,600 SGD |
| Accounts Receivable Financial Analyst | Accounting and Finance | 97,260 SGD |
| Accounts Receivable Manager | Accounting and Finance | 136,200 SGD |
| Accounts Receivable Team Leader | Accounting and Finance | 103,140 SGD |
| Assistant Accountant | Accounting and Finance | 54,180 SGD |
| Assistant Accounting Manager | Accounting and Finance | 124,400 SGD |
| Assistant Auditor | Accounting and Finance | 68,400 SGD |
| Assistant Corporate Controller | Accounting and Finance | 90,980 SGD |
| Assistant Finance Manager | Accounting and Finance | 136,200 SGD |
| Assistant Financial Controller | Accounting and Finance | 90,540 SGD |
| Audit Director | Accounting and Finance | 159,100 SGD |
| Audit Supervisor | Accounting and Finance | 124,400 SGD |
| Auditing Clerk | Accounting and Finance | 54,180 SGD |
| Auditing Manager | Accounting and Finance | 138,800 SGD |
| Billing Clerk | Accounting and Finance | 54,140 SGD |
| Billing Coordinator | Accounting and Finance | 64,640 SGD |
| Billing Specialist | Accounting and Finance | 70,840 SGD |
| Billing Supervisor | Accounting and Finance | 103,600 SGD |
| Bookkeeper | Accounting and Finance | 43,080 SGD |
| Bookkeeping Specialist | Accounting and Finance | 64,040 SGD |
| Budget Manager | Accounting and Finance | 136,200 SGD |
| Business Support Analyst | Accounting and Finance | 79,360 SGD |
| Capital Markets Associate | Accounting and Finance | 103,900 SGD |
| Cash Flow Analyst | Accounting and Finance | 97,880 SGD |
| Cash Management Manager | Accounting and Finance | 128,500 SGD |
| Cash Management Officer | Accounting and Finance | 72,740 SGD |
| Cashbook Clerk | Accounting and Finance | 48,340 SGD |
| Chartered Accountant | Accounting and Finance | 81,960 SGD |
| Chief Accountant | Accounting and Finance | 101,920 SGD |
| Collections Clerk | Accounting and Finance | 40,040 SGD |
| Collections Representative | Accounting and Finance | 59,480 SGD |
| Collections Specialist | Accounting and Finance | 73,040 SGD |
| Corporate Controller | Accounting and Finance | 108,300 SGD |
| Corporate Treasurer | Accounting and Finance | 136,100 SGD |
| Cost Accountant | Accounting and Finance | 67,300 SGD |
| Cost Accounting Manager | Accounting and Finance | 138,200 SGD |
| Cost Accounting Supervisor | Accounting and Finance | 113,220 SGD |
| Cost Analyst | Accounting and Finance | 111,700 SGD |
| Credit Controller | Accounting and Finance | 94,800 SGD |
| Credit Manager | Accounting and Finance | 142,300 SGD |
| Credit and Collection Manager | Accounting and Finance | 130,400 SGD |
| Credit and Collection Staff | Accounting and Finance | 54,140 SGD |
| Credit and Loans Officer | Accounting and Finance | 49,560 SGD |
| Debt Adviser | Accounting and Finance | 116,540 SGD |
| Debt Collector | Accounting and Finance | 55,840 SGD |
| Debtors Clerk | Accounting and Finance | 45,720 SGD |
| Debtors Controller | Accounting and Finance | 50,660 SGD |
| Deputy CFO | Accounting and Finance | 180,300 SGD |
| Deputy Head of Finance | Accounting and Finance | 175,900 SGD |
| Derivative Trader | Accounting and Finance | 119,900 SGD |
| Director of Finance | Accounting and Finance | 207,700 SGD |
| Economist | Accounting and Finance | 159,400 SGD |
| Equity Analyst | Accounting and Finance | 118,200 SGD |
| Escrow Assistant | Accounting and Finance | 60,840 SGD |
| Executive Accountant | Accounting and Finance | 80,580 SGD |
| External Auditor | Accounting and Finance | 94,900 SGD |
| Finance Administrator | Accounting and Finance | 80,760 SGD |
| Finance Analyst | Accounting and Finance | 119,900 SGD |
| Finance Associate | Accounting and Finance | 60,180 SGD |
| Finance Director | Accounting and Finance | 205,700 SGD |
| Finance Executive | Accounting and Finance | 143,200 SGD |
| Finance Licensing Clerk | Accounting and Finance | 47,720 SGD |
| Finance Licensing Manager | Accounting and Finance | 125,700 SGD |
| Finance Licensing Specialist | Accounting and Finance | 73,040 SGD |
| Finance Manager | Accounting and Finance | 191,600 SGD |
| Finance Officer | Accounting and Finance | 61,680 SGD |
| Finance President | Accounting and Finance | 192,600 SGD |
| Finance Relationship Manager | Accounting and Finance | 159,500 SGD |
| Finance Release Analyst | Accounting and Finance | 74,300 SGD |
| Finance Specialist | Accounting and Finance | 112,440 SGD |
| Finance Team Leader | Accounting and Finance | 154,700 SGD |
| Financial Accountant | Accounting and Finance | 68,400 SGD |
| Financial Actuary | Accounting and Finance | 104,600 SGD |
| Financial Administrator | Accounting and Finance | 106,820 SGD |
| Financial Advisor | Accounting and Finance | 125,100 SGD |
| Financial Analyst | Accounting and Finance | 123,400 SGD |
| Financial Applications Specialist | Accounting and Finance | 84,580 SGD |
| Financial Assistant | Accounting and Finance | 55,020 SGD |
| Financial Associate | Accounting and Finance | 52,380 SGD |
| Financial Associate | Accounting and Finance | 65,940 SGD |
| Financial Claims Analyst | Accounting and Finance | 85,700 SGD |
| Financial Claims Manager | Accounting and Finance | 125,700 SGD |
| Financial Claims Supervisor | Accounting and Finance | 117,440 SGD |
| Financial Clerk | Accounting and Finance | 50,020 SGD |
| Financial Commercial Analyst | Accounting and Finance | 95,760 SGD |
| Financial Compliance Analyst | Accounting and Finance | 111,860 SGD |
| Financial Consultant | Accounting and Finance | 86,740 SGD |
| Financial Controller | Accounting and Finance | 104,600 SGD |
| Financial Controller | Accounting and Finance | 110,340 SGD |
| Financial Coordinator | Accounting and Finance | 65,760 SGD |
| Financial Customer Service Manager | Accounting and Finance | 127,700 SGD |
| Financial Dealer and Broker | Accounting and Finance | 73,880 SGD |
| Financial Director | Accounting and Finance | 194,600 SGD |
| Financial Encoder | Accounting and Finance | 60,480 SGD |
| Financial Manager | Accounting and Finance | 181,600 SGD |
| Financial Manager | Accounting and Finance | 194,600 SGD |
| Financial Operations Manager | Accounting and Finance | 169,000 SGD |
| Financial Policy Analyst | Accounting and Finance | 101,840 SGD |
| Financial Project Manager | Accounting and Finance | 142,300 SGD |
| Financial Quantitative Analyst | Accounting and Finance | 112,560 SGD |
| Financial Reporting Consultant | Accounting and Finance | 102,460 SGD |
| Financial Reporting Manager | Accounting and Finance | 125,100 SGD |
| Financial Section Head | Accounting and Finance | 128,500 SGD |
| Financial Services Manager | Accounting and Finance | 176,800 SGD |
| Financial Services Sales Agent | Accounting and Finance | 72,780 SGD |
| Fixed Assets Administrator | Accounting and Finance | 67,320 SGD |
| Forensic Accountant | Accounting and Finance | 80,760 SGD |
| Fraud Detection Supervisor | Accounting and Finance | 85,880 SGD |
| Fraud Prevention Manager | Accounting and Finance | 138,200 SGD |
| Fund Accountant | Accounting and Finance | 65,940 SGD |
| Grants Coordinator | Accounting and Finance | 51,800 SGD |
| Group Financial Manager | Accounting and Finance | 197,600 SGD |
| Internal Auditor | Accounting and Finance | 87,940 SGD |
| Internal Control Adviser | Accounting and Finance | 106,960 SGD |
| Internal Control Officer | Accounting and Finance | 57,820 SGD |
| International Tax Director | Accounting and Finance | 161,600 SGD |
| Inventory Accountant | Accounting and Finance | 67,320 SGD |
| Investment Advisor | Accounting and Finance | 181,600 SGD |
| Investment Analyst | Accounting and Finance | 134,600 SGD |
| Investment Associate | Accounting and Finance | 114,380 SGD |
| Investment Broker | Accounting and Finance | 112,000 SGD |
| Investment Fund Manager | Accounting and Finance | 151,800 SGD |
| Investment Operations Manager | Accounting and Finance | 150,000 SGD |
| Investment Underwriter | Accounting and Finance | 57,080 SGD |
| Investor | Accounting and Finance | 85,080 SGD |
| Investor Relations Manager | Accounting and Finance | 128,500 SGD |
| KYC Team Leader | Accounting and Finance | 124,400 SGD |
| Loan Processor | Accounting and Finance | 57,360 SGD |
| Management Accountant | Accounting and Finance | 72,380 SGD |
| Management Economist | Accounting and Finance | 152,100 SGD |
| Paymaster | Accounting and Finance | 53,860 SGD |
| Payroll Administrator | Accounting and Finance | 85,760 SGD |
| Payroll Benefits Coordinator | Accounting and Finance | 80,180 SGD |
| Payroll Billing Manager | Accounting and Finance | 128,500 SGD |
| Payroll Clerk | Accounting and Finance | 55,820 SGD |
| Payroll Manager | Accounting and Finance | 119,080 SGD |
| Payroll Officer | Accounting and Finance | 60,920 SGD |
| Payroll Specialist | Accounting and Finance | 71,280 SGD |
| Payroll Supervisor | Accounting and Finance | 83,420 SGD |
| Pensions Administrator | Accounting and Finance | 67,120 SGD |
| Personal Financial Advisor | Accounting and Finance | 104,600 SGD |
| Pricing Analyst | Accounting and Finance | 109,740 SGD |
| Private Equity Analyst | Accounting and Finance | 119,320 SGD |
| Project Accountant | Accounting and Finance | 66,960 SGD |
| Proposal Development Coordinator | Accounting and Finance | 57,800 SGD |
| Receivables Accountant | Accounting and Finance | 62,060 SGD |
| Regulatory Accountant | Accounting and Finance | 73,760 SGD |
| Retirement Plan Analyst | Accounting and Finance | 108,300 SGD |
| Revenue Management Specialist | Accounting and Finance | 112,760 SGD |
| Revenue Recognition Analyst | Accounting and Finance | 125,700 SGD |
| Risk Management Director | Accounting and Finance | 172,200 SGD |
| Risk Management Supervisor | Accounting and Finance | 138,200 SGD |
| Staff Accountant | Accounting and Finance | 62,860 SGD |
| Tax Accountant | Accounting and Finance | 63,500 SGD |
| Tax Administrator | Accounting and Finance | 69,040 SGD |
| Tax Advisor | Accounting and Finance | 101,020 SGD |
| Tax Analyst | Accounting and Finance | 99,340 SGD |
| Tax Associate | Accounting and Finance | 58,200 SGD |
| Tax Consultant | Accounting and Finance | 112,760 SGD |
| Tax Director | Accounting and Finance | 163,800 SGD |
| Tax Examiner | Accounting and Finance | 68,320 SGD |
| Tax Manager | Accounting and Finance | 143,200 SGD |
| Tax Research Manager | Accounting and Finance | 143,200 SGD |
| Teller | Accounting and Finance | 42,400 SGD |
| Treasury Accountant | Accounting and Finance | 69,720 SGD |
| Treasury Analyst | Accounting and Finance | 117,520 SGD |
| Underwriter | Accounting and Finance | 50,580 SGD |
| Underwriting Assistant | Accounting and Finance | 47,540 SGD |
| Vice President of Finance | Accounting and Finance | 189,300 SGD |
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