Average Purchasing Agent Salary in Singapore for 2024

In this article, we will look at the average Purchasing Agent 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 Purchasing Agent Make in Singapore?

A Purchasing Agent working in Singapore will typically earn around 74,380 SGD per year, and this can range from the lowest average salary of about 37,200 SGD to the highest average salary of 117,860 SGD.

Average Annual Salary
74,380 SGD
Average Monthly Salary
6,198 SGD

Lowest Annual Salary
37,200 SGD
Lowest Monthly Salary
3,100 SGD

Highest Annual Salary
117,860 SGD
Highest Monthly Salary
9,821 SGD

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

Purchasing Agent 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 Purchasing Agent Salaries in Singapore

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

Salary ranges

We already know that a Purchasing Agent can earn between 37,200 SGD and 117,860 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 Purchasing Agent in Singapore is 78,120 SGD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 78,120 SGD, and 50% of the population earn more than 78,120 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 Purchasing Agent salary in Singapore, 25% of the population are earning less than 50,560 SGD while 75% of the population earn more than 50,560 SGD.

75% of the population earn less than 105,300 SGD, and 25% of the population earn more than 105,300 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.

Purchasing Agent 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 purchasing agent 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 Purchasing Agent in Singapore that has less than two years of experience can expect to earn somewhere in the region of 42,320 SGD.
  • 2 - 5 Years Experience. With two to five years of experience the average Purchasing Agent salary would increase to 58,200 SGD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Purchasing Agent, the average salary would be 80,480 SGD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 98,000 SGD.
  • 15 - 20 Years Experience. A Purchasing Agent with 15 to 20 years of experience can earn an average of 103,820 SGD.
  • 20+ Years Experience. For a Purchasing Agent with more than 20 years, the expected average salary increases to 111,240 SGD.

Average Salary by Experience Chart

0-2 Years
42,320 SGD
2-5 Years +38%
58,200 SGD
5-10 Years +42%
80,480 SGD
10-15 Years +22%
98,000 SGD
15-20 Years +6%
103,820 SGD
20+ Years +9%
111,240 SGD

Purchasing Agent 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 Purchasing Agent 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 Purchasing Agent in Singapore with a high school education can earn an average salary of 48,640 SGD.

  • Certificate or Diploma. A Purchasing Agent in Singapore with a certificate or diploma education can earn an average salary of 73,120 SGD.

  • Bachelor's Degree. A Purchasing Agent in Singapore with a bachelor's degree education can earn an average salary of 111,860 SGD.

Average Salary by Education Chart

High School
48,640 SGD
Certificate or Diploma +51%
73,120 SGD
Bachelor's Degree +50%
111,860 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.

Purchasing Agent 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 purchasing agent will earn an average of 76,440 SGD, while a female purchasing agent will earn around 75,040 SGD.

This means that a male purchasing agent earns approximately 2% more than a female purchasing agent for performing the same job.

Average Salary by Gender Chart in Singapore

Male
76,440 SGD
Female -2%
75,040 SGD

Purchasing Agent 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 Purchasing Agent in Singapore is around 10% every 16 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 = ( 10 ÷ 16 ) × 12  = 8%

What this means is that a Purchasing Agent in Singapore can expect to receive an average pay raise of around 8% 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%

Purchasing Agent 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 Purchasing Agent is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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 2% to 7%.

Received Bonus
59%
No Bonus
41%

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 Purchasing Agent

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

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 80,480 SGD
Asset Protection Associate Purchasing and Inventory 83,020 SGD
Asset Protection Specialist Purchasing and Inventory 93,220 SGD
Assistant Buyer Purchasing and Inventory 75,100 SGD
Buyer Purchasing and Inventory 134,600 SGD
Capacity Planner Purchasing and Inventory 94,400 SGD
Category Leader Purchasing and Inventory 86,800 SGD
Category Management Specialist Purchasing and Inventory 87,940 SGD
Category Manager Purchasing and Inventory 97,060 SGD
Channel Services Representative Purchasing and Inventory 93,660 SGD
Contracts Manager Purchasing and Inventory 105,440 SGD
Contracts Specialist Purchasing and Inventory 88,620 SGD
Demand Planner Purchasing and Inventory 94,800 SGD
Demand Planning Manager Purchasing and Inventory 107,820 SGD
Distribution Assistant Purchasing and Inventory 73,800 SGD
Distribution Associate Purchasing and Inventory 74,940 SGD
Distribution Manager Purchasing and Inventory 167,100 SGD
Inventory Analyst Purchasing and Inventory 83,100 SGD
Inventory Control Clerk Purchasing and Inventory 45,620 SGD
Inventory Control Manager Purchasing and Inventory 116,960 SGD
Inventory Management Associate Purchasing and Inventory 88,600 SGD
Inventory Specialist Purchasing and Inventory 86,520 SGD
Logistics Engineer Purchasing and Inventory 75,220 SGD
Master Planner Purchasing and Inventory 82,720 SGD
Material Handler Purchasing and Inventory 50,540 SGD
Material Planning Specialist Purchasing and Inventory 73,100 SGD
Merchandise Manager Purchasing and Inventory 98,820 SGD
Procurement Administrator Purchasing and Inventory 105,440 SGD
Procurement Agent Purchasing and Inventory 67,300 SGD
Procurement Analyst Purchasing and Inventory 109,000 SGD
Procurement Assistant Purchasing and Inventory 67,360 SGD
Procurement Associate Purchasing and Inventory 92,900 SGD
Procurement Clerk Purchasing and Inventory 38,700 SGD
Procurement Engineer Purchasing and Inventory 87,020 SGD
Procurement Manager Purchasing and Inventory 174,000 SGD
Procurement Officer Purchasing and Inventory 42,400 SGD
Procurement Process Analyst Purchasing and Inventory 102,460 SGD
Procurement Specialist Purchasing and Inventory 75,980 SGD
Production Planner Purchasing and Inventory 96,960 SGD
Project Buyer Purchasing and Inventory 106,780 SGD
Purchaser Purchasing and Inventory 124,400 SGD
Purchasing Assistant Purchasing and Inventory 47,540 SGD
Purchasing Manager Purchasing and Inventory 172,400 SGD
Purchasing Officer Purchasing and Inventory 80,760 SGD
Purchasing Supervisor Purchasing and Inventory 119,080 SGD
Shipping and Receiving Clerk Purchasing and Inventory 42,320 SGD
Shipping Coordinator Purchasing and Inventory 83,640 SGD
Stock Clerk Purchasing and Inventory 45,620 SGD
Stock Regulator Purchasing and Inventory 48,920 SGD
Storage Manager Purchasing and Inventory 110,340 SGD
Store Keeper Purchasing and Inventory 43,220 SGD
Stores and Logistics Coordinator Purchasing and Inventory 93,340 SGD
Supply Chain Analyst Purchasing and Inventory 127,700 SGD
Supply Chain Coordinator Purchasing and Inventory 96,160 SGD
Supply Chain Development Manager Purchasing and Inventory 163,800 SGD
Supply Chain Director Purchasing and Inventory 187,500 SGD
Supply Chain Manager Purchasing and Inventory 172,200 SGD
Supply Planner Purchasing and Inventory 83,100 SGD
Warehouse Assistant Purchasing and Inventory 34,240 SGD
Warehouse Clerk Purchasing and Inventory 34,120 SGD
Warehouse Executive Purchasing and Inventory 139,100 SGD
Warehouse Lead Purchasing and Inventory 104,040 SGD
Warehouse Manager Purchasing and Inventory 150,000 SGD
Warehouse Supervisor Purchasing and Inventory 105,980 SGD
Wholesale Buyer Purchasing and Inventory 136,100 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 Purchasing Agent Salary in Singapore for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-purchasing-agent-salary-in-singapore/.

  • "Average Purchasing Agent Salary in Singapore for 2024". World Salaries, https://worldsalaries.com/average-purchasing-agent-salary-in-singapore/. Accessed 28 March, 2024

  • Average Purchasing Agent Salary in Singapore for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-purchasing-agent-salary-in-singapore/.