Average Contracts Negotiator Salary in Singapore for 2024

In this article, we will look at the average Contracts Negotiator 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 Contracts Negotiator Make in Singapore?

A Contracts Negotiator working in Singapore will typically earn around 88,620 SGD per year, and this can range from the lowest average salary of about 39,420 SGD to the highest average salary of 138,200 SGD.

Average Annual Salary
88,620 SGD
Average Monthly Salary
7,385 SGD

Lowest Annual Salary
39,420 SGD
Lowest Monthly Salary
3,285 SGD

Highest Annual Salary
138,200 SGD
Highest Monthly Salary
11,516 SGD

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

Contracts Negotiator 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 Contracts Negotiator Salaries in Singapore

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

Salary ranges

We already know that a Contracts Negotiator can earn between 39,420 SGD and 138,200 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 Contracts Negotiator in Singapore is 93,600 SGD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 93,600 SGD, and 50% of the population earn more than 93,600 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 Contracts Negotiator salary in Singapore, 25% of the population are earning less than 60,340 SGD while 75% of the population earn more than 60,340 SGD.

75% of the population earn less than 127,700 SGD, and 25% of the population earn more than 127,700 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.

Contracts Negotiator 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 contracts negotiator 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 Contracts Negotiator in Singapore that has less than two years of experience can expect to earn somewhere in the region of 47,540 SGD.
  • 2 - 5 Years Experience. With two to five years of experience the average Contracts Negotiator salary would increase to 62,100 SGD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Contracts Negotiator, the average salary would be 91,380 SGD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 110,380 SGD.
  • 15 - 20 Years Experience. A Contracts Negotiator with 15 to 20 years of experience can earn an average of 119,700 SGD.
  • 20+ Years Experience. For a Contracts Negotiator with more than 20 years, the expected average salary increases to 128,500 SGD.

Average Salary by Experience Chart

0-2 Years
47,540 SGD
2-5 Years +34%
62,100 SGD
5-10 Years +48%
91,380 SGD
10-15 Years +22%
110,380 SGD
15-20 Years +9%
119,700 SGD
20+ Years +8%
128,500 SGD

Contracts Negotiator 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 Contracts Negotiator in Singapore based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Contracts Negotiator in Singapore with a bachelor's degree education can earn an average salary of 53,380 SGD.

  • Master's Degree. A Contracts Negotiator in Singapore with a master's degree education can earn an average salary of 103,140 SGD.

Average Salary by Education Chart

Bachelor's Degree
53,380 SGD
Master's Degree +93%
103,140 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.

Contracts Negotiator 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 contracts negotiator will earn an average of 92,300 SGD, while a female contracts negotiator will earn around 86,460 SGD.

This means that a male contracts negotiator earns approximately 7% more than a female contracts negotiator for performing the same job.

Average Salary by Gender Chart in Singapore

Male
92,300 SGD
Female -7%
86,460 SGD

Contracts Negotiator 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 Contracts Negotiator in Singapore is around 12% every 14 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 ÷ 14 ) × 12  = 10%

What this means is that a Contracts Negotiator in Singapore can expect to receive an average pay raise of around 10% 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%

Contracts Negotiator 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 Contracts Negotiator is a high bonus based job, with 85% of employees reporting at least one bonus in the last 12 months.

15% 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 9%.

Received Bonus
85%
No Bonus
15%

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 Contracts Negotiator

In the table below, we have salary information for jobs that are similar to a Contracts Negotiator in Singapore.

Job Title Category Salary
Administrative Law Judge Legal 259,100 SGD
Arbitrator Legal 115,260 SGD
Associate Attorney Legal 119,560 SGD
Attorney Legal 187,300 SGD
Bailiff Legal 57,080 SGD
Barrister Legal 48,300 SGD
Candidate Attorney Legal 104,600 SGD
Conciliator Legal 94,400 SGD
Contracts Associate Legal 58,440 SGD
Contracts Manager Legal 107,960 SGD
Contracts Specialist Legal 61,400 SGD
Conveyancing Secretary Legal 48,560 SGD
Corporate Counsel Legal 139,100 SGD
Counsel Legal 139,100 SGD
Court Clerk Legal 40,640 SGD
Court Judicial Assistant Legal 67,320 SGD
Court Liaison Specialist Legal 79,000 SGD
Court Reporter Legal 73,980 SGD
Court Representative Legal 55,940 SGD
Crown Prosecution Service Lawyer Legal 267,100 SGD
General Counsel Legal 232,400 SGD
Immigration Executive Legal 134,600 SGD
In House Counsel Legal 138,800 SGD
Intellectual Property Specialist Legal 97,640 SGD
Judge Advocate Legal 195,200 SGD
Law Clerk Legal 45,600 SGD
Lawyer Legal 192,600 SGD
Legal Administrative Assistant Legal 48,300 SGD
Legal Advisor Legal 111,240 SGD
Legal Assistant Legal 49,560 SGD
Legal Associate Legal 88,020 SGD
Legal Consultant Legal 112,560 SGD
Legal Consultant Legal 115,640 SGD
Legal Counsel Legal 136,100 SGD
Legal Editor Legal 88,260 SGD
Legal Executive Legal 172,200 SGD
Legal Executive Secretary Legal 49,020 SGD
Legal IP Officer Legal 47,180 SGD
Legal Officer Legal 54,560 SGD
Legal Secretary Legal 51,100 SGD
Legal Services Director Legal 212,500 SGD
Legal Services Manager Legal 209,500 SGD
Legal Support Worker Legal 37,620 SGD
Legislative Liaison Legal 87,880 SGD
Litigation Attorney Legal 225,700 SGD
Litigation Paralegal Legal 112,280 SGD
Magistrate Judge Legal 297,000 SGD
Paralegal Legal 70,700 SGD
Patent Attorney Legal 142,300 SGD
Staff Attorney Legal 152,100 SGD

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