Average Chief Executive Officer Salary in Singapore for 2024

In this article, we will look at the average Chief Executive Officer 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 a Chief Executive Officer Make in Singapore?

A Chief Executive Officer working in Singapore will typically earn around 221,500 SGD per year, and this can range from the lowest average salary of about 113,420 SGD to the highest average salary of 335,800 SGD.

Average Annual Salary
221,500 SGD
Average Monthly Salary
18,458 SGD

Lowest Annual Salary
113,420 SGD
Lowest Monthly Salary
9,451 SGD

Highest Annual Salary
335,800 SGD
Highest Monthly Salary
27,983 SGD

These are average salaries for a Chief Executive Officer in Singapore and include benefits such as housing and transport. It's also possible for a Chief Executive Officer to earn more or less than the average salaries shown above.

Chief Executive Officer 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 Chief Executive Officer Salaries in Singapore

So we've looked at the average salaries a Chief Executive Officer will earn in Singapore. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Chief Executive Officer can earn between 113,420 SGD and 335,800 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 Chief Executive Officer in Singapore is 209,700 SGD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 209,700 SGD, and 50% of the population earn more than 209,700 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 Chief Executive Officer salary in Singapore, 25% of the population are earning less than 148,300 SGD while 75% of the population earn more than 148,300 SGD.

75% of the population earn less than 263,200 SGD, and 25% of the population earn more than 263,200 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.

Chief Executive Officer 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 chief executive officer 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 Chief Executive Officer in Singapore that has less than two years of experience can expect to earn somewhere in the region of 128,500 SGD.
  • 2 - 5 Years Experience. With two to five years of experience the average Chief Executive Officer salary would increase to 172,200 SGD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Chief Executive Officer, the average salary would be 225,300 SGD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 275,200 SGD.
  • 15 - 20 Years Experience. A Chief Executive Officer with 15 to 20 years of experience can earn an average of 297,000 SGD.
  • 20+ Years Experience. For a Chief Executive Officer with more than 20 years, the expected average salary increases to 315,700 SGD.

Average Salary by Experience Chart

0-2 Years
128,500 SGD
2-5 Years +34%
172,200 SGD
5-10 Years +30%
225,300 SGD
10-15 Years +21%
275,200 SGD
15-20 Years +9%
297,000 SGD
20+ Years +5%
315,700 SGD

Chief Executive Officer 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 Chief Executive Officer 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 Chief Executive Officer in Singapore with a high school education can earn an average salary of 123,400 SGD.

  • Certificate or Diploma. A Chief Executive Officer in Singapore with a certificate or diploma education can earn an average salary of 146,200 SGD.

  • Bachelor's Degree. A Chief Executive Officer in Singapore with a bachelor's degree education can earn an average salary of 196,800 SGD.

  • Master's Degree. A Chief Executive Officer in Singapore with a master's degree education can earn an average salary of 283,400 SGD.

  • PhD. A Chief Executive Officer in Singapore with a phd education can earn an average salary of 332,100 SGD.

Average Salary by Education Chart

High School
123,400 SGD
Certificate or Diploma +18%
146,200 SGD
Bachelor's Degree +35%
196,800 SGD
Master's Degree +44%
283,400 SGD
PhD +18%
332,100 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.

Chief Executive Officer 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 chief executive officer will earn an average of 225,300 SGD, while a female chief executive officer will earn around 212,500 SGD.

This means that a male chief executive officer earns approximately 6% more than a female chief executive officer for performing the same job.

Average Salary by Gender Chart in Singapore

Male
225,300 SGD
Female -6%
212,500 SGD

Chief Executive Officer 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 Chief Executive Officer in Singapore is around 15% 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 = ( 15 ÷ 15 ) × 12  = 12%

What this means is that a Chief Executive Officer 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%

Chief Executive Officer 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 Chief Executive Officer 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 6% 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 Chief Executive Officer

In the table below, we have salary information for jobs that are similar to a Chief Executive Officer in Singapore.

Job Title Category Salary
Account Coordinator Executive and Management 87,940 SGD
Account Director Executive and Management 111,700 SGD
Account Executive Executive and Management 108,800 SGD
Account Manager Executive and Management 107,680 SGD
Administration Manager Executive and Management 105,080 SGD
Administration Officer Executive and Management 56,880 SGD
Administration Supervisor Executive and Management 84,880 SGD
Administrative Clerk Executive and Management 41,820 SGD
Administrative Officer Executive and Management 46,840 SGD
Area Director Executive and Management 104,900 SGD
Area Manager Executive and Management 99,460 SGD
Asset Protection Associate Executive and Management 119,020 SGD
Assistant Director Executive and Management 112,180 SGD
Assistant General Manager Executive and Management 110,340 SGD
Assistant Manager Executive and Management 115,400 SGD
Assistant Managing Director Executive and Management 130,400 SGD
Assistant Operations Manager Executive and Management 128,500 SGD
Assistant Project Manager Executive and Management 110,380 SGD
Assistant Section Head Executive and Management 93,120 SGD
Assistant to CEO Executive and Management 107,820 SGD
Assistant Vice President Executive and Management 123,400 SGD
Associate Account Director Executive and Management 106,980 SGD
Associate Director Executive and Management 116,180 SGD
Bid Manager Executive and Management 136,100 SGD
Branch Manager Executive and Management 127,700 SGD
Business Development Manager Executive and Management 139,100 SGD
Business Operations Associate Executive and Management 115,400 SGD
Business Operations Lead Executive and Management 120,040 SGD
Campaign Manager Executive and Management 119,860 SGD
Catering Coordinator Executive and Management 67,120 SGD
Catering Manager Executive and Management 116,380 SGD
CEO Executive and Management 209,700 SGD
Chairman of The Board Executive and Management 217,900 SGD
Chairman Office Manager Executive and Management 143,200 SGD
Chief Commercial Officer Executive and Management 158,700 SGD
Chief Corporate Officer Executive and Management 172,200 SGD
Chief Financial Officer Executive and Management 205,700 SGD
Chief Investment Officer Executive and Management 154,700 SGD
Chief of Staff Executive and Management 99,080 SGD
Chief Operating Officer Executive and Management 163,800 SGD
Chief Risk Officer Executive and Management 137,400 SGD
Client Account Manager Executive and Management 136,200 SGD
Client Accounts Officer Executive and Management 114,900 SGD
Client Services Manager Executive and Management 146,200 SGD
Commercial Director Executive and Management 138,800 SGD
Commercial Manager Executive and Management 125,700 SGD
Commercial Project Manager Executive and Management 115,560 SGD
Commodity Broker Executive and Management 86,640 SGD
COO Executive and Management 158,700 SGD
Corporate Affairs Executive Executive and Management 123,400 SGD
Corporate Compliance Director Executive and Management 142,300 SGD
Corporate Director Executive and Management 148,300 SGD
Corporate Officer Executive and Management 102,460 SGD
Corporate Partnerships Officer Executive and Management 97,460 SGD
Country Manager Executive and Management 174,000 SGD
Department Head Executive and Management 128,900 SGD
Department Manager Executive and Management 128,500 SGD
Department Supervisor Executive and Management 112,420 SGD
Deputy Director Executive and Management 152,000 SGD
Deputy Manager Executive and Management 148,300 SGD
Director Executive and Management 159,400 SGD
Director of Accreditation Executive and Management 142,300 SGD
Director of Catering Services Executive and Management 125,700 SGD
Director of Client Services Executive and Management 134,600 SGD
Director of Facilities Management Executive and Management 115,260 SGD
Director of Operations Executive and Management 142,300 SGD
Director of Process Simplification Executive and Management 118,800 SGD
Director of Product Management Executive and Management 148,300 SGD
Director of Project Management Executive and Management 152,300 SGD
Director of Revenue Management Executive and Management 137,400 SGD
Director of Training and Development Executive and Management 136,200 SGD
Distribution Manager Executive and Management 142,300 SGD
Division Manager Executive and Management 127,700 SGD
Duty Manager Executive and Management 129,000 SGD
Engagement Manager Executive and Management 150,000 SGD
Executive Director Executive and Management 207,800 SGD
Executive Manager Executive and Management 183,600 SGD
Franchise Manager Executive and Management 189,300 SGD
General Manager Executive and Management 161,300 SGD
Global Master Data Manager Executive and Management 148,300 SGD
Global Technical Lead Executive and Management 97,060 SGD
Head of Investment Executive and Management 143,200 SGD
Head of Middle Office Executive and Management 137,400 SGD
Head of Projects Executive and Management 148,300 SGD
Head of Strategy Executive and Management 164,200 SGD
Head of Supply Chain Executive and Management 136,100 SGD
Head of Sustainability Executive and Management 123,400 SGD
Housing Manager Executive and Management 119,900 SGD
HSE Manager Executive and Management 117,520 SGD
Key Account Manager Executive and Management 116,960 SGD
Knowledge Manager Executive and Management 143,200 SGD
Location Manager Executive and Management 139,100 SGD
Logistics Executive Executive and Management 113,220 SGD
Logistics Manager Executive and Management 110,340 SGD
Management Consultant Executive and Management 107,900 SGD
Management Executive Executive and Management 161,300 SGD
Manager Executive and Management 148,300 SGD
Managing Director Executive and Management 164,200 SGD
MIS Executive Executive and Management 142,300 SGD
Ocean Services Manager Executive and Management 148,300 SGD
Operational Manager Executive and Management 152,000 SGD
Operations Analyst Executive and Management 127,700 SGD
Operations Assistant Executive and Management 102,620 SGD
Operations Director Executive and Management 163,800 SGD
Operations Executive Executive and Management 154,700 SGD
Operations Manager Executive and Management 161,600 SGD
Operations Supervisor Executive and Management 134,600 SGD
Planning Director Executive and Management 146,200 SGD
PMO Manager Executive and Management 137,400 SGD
Policy Administration Executive Executive and Management 125,100 SGD
Private Sector Executive Executive and Management 128,900 SGD
Product Development Manager Executive and Management 143,200 SGD
Product Executive Executive and Management 123,400 SGD
Production Executive Executive and Management 139,100 SGD
Production Manager Executive and Management 150,000 SGD
Production Supervisor Executive and Management 117,380 SGD
Program Director Executive and Management 150,000 SGD
Program Manager Executive and Management 152,000 SGD
Programme Coordinator Executive and Management 99,340 SGD
Project Control Manager Executive and Management 146,200 SGD
Project Coordinator Executive and Management 91,320 SGD
Project Management Officer Executive and Management 104,900 SGD
Project Manager Executive and Management 112,760 SGD
Project Portfolio Manager Executive and Management 117,380 SGD
Quality Manager Executive and Management 119,900 SGD
R/D Director Executive and Management 128,900 SGD
Regional Director Executive and Management 207,800 SGD
Regional Manager Executive and Management 154,700 SGD
Relationship Manager Executive and Management 148,300 SGD
Retail District Manager Executive and Management 102,020 SGD
Revenue Manager Executive and Management 115,260 SGD
Risk and Capital Manager Executive and Management 159,500 SGD
Risk Officer Executive and Management 107,820 SGD
Safety Manager Executive and Management 104,600 SGD
Section Head Executive and Management 114,940 SGD
Service Manager Executive and Management 115,560 SGD
Shift Supervisor Executive and Management 93,340 SGD
Solutions Manager Executive and Management 106,740 SGD
Supervisor Executive and Management 89,960 SGD
Supply Chain Manager Executive and Management 154,700 SGD
Surveyor Executive and Management 101,020 SGD
Technical Director Executive and Management 138,800 SGD
Technical Manager Executive and Management 134,600 SGD
Territory Manager Executive and Management 136,200 SGD
Validation Manager Executive and Management 125,100 SGD
Vice President Executive and Management 180,300 SGD
Zone Manager Executive and Management 152,300 SGD

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Chief Executive Officer Salary in Singapore for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-chief-executive-officer-salary-in-singapore/.

  • "Average Chief Executive Officer Salary in Singapore for 2024". World Salaries, https://worldsalaries.com/average-chief-executive-officer-salary-in-singapore/. Accessed 28 March, 2024

  • Average Chief Executive Officer Salary in Singapore for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-chief-executive-officer-salary-in-singapore/.