Best Highest Paying Jobs in Singapore 2021

highest paying jobs in singapore

How to Find the Best Jobs in Singapore 2021

There are currently more than 154,000 millionaires in Singapore. Their combined net worth is $806.3 billion. Moreover, Singapore has a growing number of high-net-worth individuals. There were 130,000 millionaires here in 2010. This represents an increase of 17% over the previous years.  And there are more highest paying best jobs in Singapore than you think.

If you’re wondering what they do for a living, we’ve compiled a list of the highest-paying jobs in Singapore.

Highest Paying Jobs in Singapore

An asset manager or fund manager

Are you good with numbers? Then, consider becoming an asset manager. Asset managers carry out Investing-related decisions based on current market conditions. Whether for individuals or corporations. The asset manager is also responsible for managing material assets like:

  • Land
  • Property
  • Items of value

Fund managers help their clients manage their assets based on current market conditions. They calculate risk factors to limit or avoid possible losses.

A degree in economics, business, or finance or a master’s degree is necessary for this job.

Security and finance broker or dealer

Dealers work under their names, carrying out trades on their behalf and for their profit. Brokers do this on behalf of a company or client.

A securities and finance dealer or a broker buys, sells, and invests the following:

  • Securities
  • Stocks
  • Bonds
  • other financial instruments

They do this on behalf of their own company or for customers on a commission basis. Clients or senior management can rely on them to recommend transactions.

It shouldn’t be too difficult if you’ve excelled in Economics, Finance, Business, or Accounting.

Forex Dealers or Brokers

Meanwhile, Forex dealers are professionals who trade in foreign exchange currencies. The purpose of forex trading is to make a profit by buying from party to party. Buying at a low price and selling high is the goal. They make a commission on the difference between the two prices.

Foreign exchange dealers or brokers can either be independent or part of a firm. They deal on behalf of investment banks.

You will need a degree in Business or Finance. An adequate understanding of sales for this position.

Managing Director or Chief Executive Officer

There is pretty much no distinction between a Chief Executive Officer and a Managing Director. Although, in most places, the title CEO is more used. The chief executive officer is the top executive who decides on everything.

From company direction and culture to company strategy and business methods, the CEO decides on what’s best for the company.

General Manager or Chief Operating Officer

The Chief Operating Officer (COO) or General Manager (GM) helps oversee the following:

  • Operations
  • Policy
  • Strategic
  • Administrative aspects

No matter what industry you work for as the COO, you’re expected to have a great sense of business. But, it is also vital that candidates understand the company’s vision and goals. You should also have strong leadership and mentoring abilities. If the CEO leaves, you will be the one to replace him.

However, the experience required to achieve this will take many years.

Financial Manager or Insurance Services Manager

Companies and clients hire Financial Services Managers to do the following:

  • Analyze financial reports
  • Write risk reports
  • Develop long-term financial and investment goals

Insurance Services Managers make sure enough insurance policies are sold. To meet their company’s sales targets, they oversee all specialists under them. Additionally, it is your responsibility to approve and investigate clients’ claims.

Typically, these professionals work for banks, brokerage firms, and insurance companies.

Treasury Manager

Being a Treasury Manager is more than collecting and counting funds. Of course, you must track your company’s finances day-to-day. Still, you will also have to do these tasks:

  • Risk analysis
  • Forecast financial resources
  • Divide budgets
  • Make financial investments for continued profits

University Professor

Professors earn impressive salaries, that’s why their position is one of the highest paying jobs in Singapore. However, you must first have experience in your field. The university can also require a Masters degree in the subject matter you plan on teaching.

You must also be confident and patient to deliver a clear lesson in front of many people. Take into account that you’ll be dealing with teens and young adults. Sometimes they will get restless or ask a lot of questions.

In-house Legal Advisor

Students accepted to law schools may want to explore this option. Rather than joining a law firm, an in-house lawyer works for a company or an organization. The in-house legal advisor advises the organization on all its legal affairs. Thus, the in-house legal advisor eliminates or minimizes all the company’s legal risk.

Highest paying jobs in Singapore that pay well without experience

Certainly, most Singaporeans believe that a university degree can get you a stable job with a good salary.

However, can one find a high-paying position without a university degree?

Singapore is a place where it is possible to get a good job and earn a high salary. There is no truth to the myth that only professionals can build sustainable incomes.

As a new graduate, academic qualifications may help you stand out and be more competitive. But they may not be enough to sustain your resume in the long run.

Today, many employers consider work history, dedication, and character more than formal qualifications.

There is plenty of well-paying and exciting careers that don’t need a degree to enter and excel.

Below are some of the high-paying jobs in Singapore that you can apply for without experience.

Financial Adviser

A financial adviser is like a consultant who renders services to their clients. Financial advisers help their clients based on their financial and income status.

People tend to consider personal finance to be a complex and challenging field. Unfortunately, financial advisers are sometimes guilty of contributing to this perception.

Financial advisers help their clients understand all the insurance and investment products. There are a lot of options available. It’s the financial adviser’s job to suggest what is the best product for their client.

Financial advisers need to show valuable skills like persuasion and communication. Also, financial advisers must have a knack for sales.

Most importantly, you should also be adept and resilient enough to cope with rejection.

Singapore Airlines Cabin Crew

Singapore Airlines offers pilots and cabin crew training without requiring a degree.

The cabin crew career could take you to various locations throughout the world.

Travellers might see this as their dream career. Travelling around the world, earning, and enjoying cheaper flights are all possible.

Also, with enough experience, you get promoted from cabin crew to cabin supervisor.

A career as a cabin crew member with Singapore Airlines isn’t easy. Training and assessment will last for months, and most candidates drop out.

But, if you think you have what it takes to be a Singapore Airlines cabin crew, then consider applying for the job.

Chef

There are vast opportunities for career advancement within Singapore’s food and beverage industry. For example, chefs holding more senior positions in restaurants and hotels can earn S$5,000 to S$10,000 annually.

As a chef, you gain many skills that are not replaceable. That skill can be invaluable for any food and beverage business you may start.

On the other hand, the food and beverage industry is hard work. In addition to long hours and stressful conditions, career advancement could be slow.

The food and beverage industry is also highly competitive. As a result, some might find it challenging to stand out amongst many talented chefs.

Property Agent

Obtaining the CEA certification does not require a university degree to work as a licensed real estate agent in Singapore. However, this might be a good job to consider if you like receiving commissions as profit.

You can schedule your appointments whenever it is convenient for you. Consider real estate if desk-bound jobs do not appeal to you.

A real estate career requires persuasiveness, marketing skills, and sales techniques. As with any profession, real estate requires continual learning.

Singapore’s Best Job Portal in 2021

If you’re an experienced professional or a fresh graduate looking for the highest paying jobs in Singapore, here are some of the best job portals you can use.

MyCareersFuture Singapore

MyCareersFuture Singapore is a government initiative to assist Singaporeans with a more effective way to find a job. Discover job opportunities based on your skillset.

In addition, MyCareersFuture is an intelligent job search service for Singapore citizens and permanent residents. MyCareersFuture is built to match people with relevant jobs based on their qualifications and skills. Workforce Singapore developed the portal in partnership with the Government Technology Agency.

JobsCentral Singapore

JobsCentral Singapore is one of the best places to look for a job online. JobsCentral can help you find a suitable job. Whether you’re a professional or a fresh graduate, JobsCentral can help you land a job.

Careers@Gov Singapore

Carees@Gov is another job portal run by the Singapore government. Careers@Gov can help you find a job in government.

If you wish to secure the highest paying jobs in Singapore, you need to finish your education first. It is possible if you have sufficient funding until you graduate.

With Cash Mart, everything is possible. Its low-interest personal loan approves online loan applications without much fuss. Check their official webpage.

DBS Personal Loan Singapore: FAQs Review

DBS Personal Loan Singapore

Things you might not yet know about DBS Personal Loan Singapore

DBS has been in the business for years and has provided satisfying banking services to Singaporeans. One of DBS’s bank services is the loan products and services. With such services, DBS has many to offer. Included is the bank’s in-demand product – DBS Personal Loan.

If you wish to apply for a DBS Personal Loan service, read this simple and easy FAQ review about DBS Personal Loans. That’ll help you decide whether it’s worth it or not.

Table of Contents

What is a DBS Personal Loan?

Are you looking for a credit option that will help you achieve your financial goals? The DBS Personal Loan may be the perfect solution. 

DBS has an attractive interest rate and is available to people with good or excellent credit. You can use the loan for any number of purposes – from buying a house to financing a business venture.

Whether buying a new car or starting a business, DBS Personal Loan could provide the funds for whatever you need.

DBS Personal Loan is always available to people with excellent credit. If you’ve a history of making payments on time and using your credit, this might be an option!

Who can apply with a DBS Personal Loan?

The DBS personal loan is for Singapore Citizens or Permanent Residents (PR) 21-75, earning an annual income of S$20,000. 

You may access the DBS/POSB online personal loan if you wish to apply online. Use your user ID and pin or log in to iBanking more conveniently. 

Can foreigners apply for a DBS Personal Loan?

Foreigners who are 21-75 and living in Singapore can also apply for a DBS personal loan. Foreigners with existing Cashline and credit card accounts may also apply. That is if they meet the S$20,000 income need.

How to use the DBS Personal Loan calculator?

You must enter two things to use the DBS personal loan calculator.

  • Loan amount
  • Tenure years

The loan calculator states the following information after you key in your desired loan amount and tenure:

Monthly Repayment refers to the minimum amount you must pay each month to comply with the loan agreement.

Total Repayment is the total amount you must pay for the entire loan duration.

Interest Rate refers to the cost of borrowing money interest. It tells you how fast it will accumulate over time.

Effective Interest Rate (EIR) is an interest that reveals the consumer’s actual cost of borrowing. EIR is an interest rate commonly charged to consumers. Usually, it is higher than that displayed on the loan advertisement due to service fees or admin charges levied upfront.

A processing fee is meant to cover the bank’s expenses in processing your loan.

Please note that the lender uses the borrower’s credit profile when offering interest rates and processing fees. It may differ from your published rates and those offered to other borrowers. Borrowers will see the actual rates stated in the online application form.

Use the DBS personal loan calculator to understand how much monthly payment you will need to make to your loan.

What are the DBS Personal Loan Features and Benefits?

DBS offers personal loans up to four times your monthly salary. If you’re earning S$120,000 annually, you can get a loan up to 10 times your income. 

DBS offers one up to five years of monthly repayment terms. 

With DBS, you can enjoy instant approvals and instant loan disbursement. Through a Cashline credit card, you can claim your loan proceeds. You can also get your loan with a DBS or POSB deposit account.

General Interbank Recurring Order (GIRO) payments are also available for more straightforward repayments. 

Use GIRO to pay directly from your banking account to the billing organisation. It will then be deducted from your DBS/POSB account every month and delivered to your billing organisation.

What are the DBS Personal Loan Rates and Fees that I need to know?

You need to know about different interest rates to understand what you’re paying.

First is the Applied Interest Rate (AIR). Your loan will be charged interest based on this rate.

The computation goes like this:

Multiply the principal amount by the annual AIR using the flat rate basis. The result will be the yearly interest incurred on your loan. Then, multiply it by the loan tenor. 

For example, you take a loan worth $10,000 with a 3.88% AIR payable for five years. 

Multiply $10,000 by 3.88%; the result will be $388. Multiply it by five (5) years, and you’ll get a result of $1,940. 

Thus, a $10,000 loan payable for five years will cost you $1,940. 

Next is the Effective Interest Rate (EIR). These rates reflect the actual cost of borrowing, expressed over a reducing balance basis. The effective interest rate can be used when comparing loans to get the lowest interest rate.

You can enjoy a super low 3.88% per annum applied interest rate or a 7.56% effective interest rate with DBS.

How to Apply for a DBS Personal Loan?

 You must be an existing Cashline or credit card account holder to qualify for DBS Personal Loan. Also, you’ll need a DBS/POSB deposit account to disburse the loan. 

You will need the following documents if you have no Cashline or credit card account.

For employees, you’ll need:

  • Front and back of your NRIC
  • Latest computerised salary or payslip crediting to a DBS/POSB account. Or,
  • Latest 1-year income tax Notice of Assessment (NOA). Or,
  • CPF contribution statement for the last nine months. If you are a commission-based employee or self-employed, you’ll need:
  • Front and back of your NRIC
  • Latest 1-year income tax Notice of Assessment (NOA).

If you want to avoid delays in processing, make sure your documents are ready before you apply. Or, you could apply with SingPass through MyInfo.

What if I don’t have a DBS or POSB account?

It’s possible to apply for a DBS or POSB account online. Once your application has been approved, you can apply for a DBS personal loan.

What is a Cashline, and why do I need it?

DBS Cashline is a short-term borrowing facility for those who need a quick loan. Think of this as your emergency cash stash. Cashline is a standby credit line banks use for DBS and POSB Personal Loan.

The Easier Way to Get a Personal Loan

If you are looking for an easier and faster way to get a loan, Cash Mart Singapore can help you.

Cash Mart Singapore is one of the reputable licensed moneylenders in the country. They are authorised and regulated by the Ministry of Law

Founded in 1969, Cash Mart is a moneylender providing several loan solutions tailored to each client’s needs.

Cash Mart offers:

Personal Loans 

With Cash Mart, you will enjoy a low-interest personal loan that is pretty easy to get. Personal loans from Cash Mart need fewer requirements. 

Cash Mart’s goal is to speed up getting a loan. It means providing the best loan experience by giving a straightforward approach. Also, a loan transaction that is free from any hassle. 

Business Loans

If you need a cash flow boost for your business or need that initial business fund, a business loan can help. Cash Mart designed an instant cash loan arrangement matching your business’s unique needs. Fast business loan approval by Cash Mart can help you with financial emergencies.

Car Loans

Cash Mart’s car loans are a good option if you’re looking for a loan to finance a car purchase or meet your monthly payments. You can use this loan to pay your vehicle’s insurance if necessary. 

Flexi Loans

Being a moneylender for decades, Cash Mart knows how hard it is for people of lower wages to get loans. 

As a result, Cash Mart offers Flexi loans for them. Applicants who wish to apply for the Flexi loans must have an income not exceeding $20,000 and a good credit rating.

Taking a Flexi Loan will relieve your short-term financial dilemmas. It can give you the financial flexibility to repay without any worries.

Foreigner Loans

If you’re a foreigner looking for some quick cash, Cash Mart’s foreigner loans are an outstanding loan to get. With Cash Mart, foreigners can complete their loan applications with quick and easy approval. All they need to do is provide the documents required.

Payday Loans

Most payday loans can be used for more than one thing. It is a short-term loan that you can use for an unexpected bill, a holiday treat, or as extra cash during a great sale. A payday loan could give you extra money if you need it. 

Getting a payday loan from Cash Mart will help bridge the gap until your next paycheck arrives.

Get your payday loan approved in under five minutes and get the cash you need within an hour. It is excellent for urgent and emergencies.

Outstanding Loans in Three Easy Steps

Getting a loan from Cash Mart is as easy as 1-2-3. You have to take three steps.

Step 1: Fill up an online form.

Fill up Cash Mart’s form through their online loan services. Cash Mart’s loan executive will respond to your application within a day.

Step 2: Wait for the loan approval.

Cash Mart’s loan executive will verify and process your online application.

Step 3: Claim your loan!

When your loan is approved, you’ll need to sign the loan agreement and receive your loan.

Easy as that.

Cash Mart provides risk-free loans. Also, they offer a 7-day unconditional service guarantee. Thus, protecting all Cash Mart loans. 

With Cash Mart, you can borrow confidently since you will know everything upfront. You can also make an early settlement and avoid a penalty fee.