Procurement Engineer Average Salary in Singapore 2024
How much money does a person working as Procurement Engineer make in Singapore?
LOW
3,340
SGD AVERAGE
7,110
SGD HIGH
11,200
SGD
A person working as Procurement Engineer in Singapore typically earns around 7,110 SGD. Salaries range from 3,340 SGD (lowest) to 11,200 SGD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Procurement Engineer salaries in Singapore vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Procurement Engineer Pay Scale and Salaries in Singapore
Salary Structure and Pay Scale Comparison
6,690 SGD or more
5,880 to 6,690 SGD
4,090 SGD or less
4,090 to 5,880 SGD
 3,340 SGD |
6,740 SGD |
11,200 SGD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Procurement Engineer in Singapore range from 3,340 SGD (starting salary) to 11,200 SGD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 6,740 SGD, half of the professionals who work as Procurement Engineer in Singapore earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Procurement Engineer in Singapore earn less than 5,460 SGD, while 75% earn more. Similarly, the chart shows that 75% earn less than 7,750 SGD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Procurement Engineer in Singapore compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,090 SGD to 5,880 SGD. About 20% of salaries are below the 4,090 SGD mark, while 10% fall within the range of 5,880 SGD to 6,690 SGD. Only 5% of individuals have salaries exceeding 6,690 SGD.
Salary Comparison by Years of Experience / Procurement Engineer / Singapore
How do experience and age affect pay?
| 0 - 2 Years | 3,850 SGD | |
| 2 - 5 Years | +38% | 5,310 SGD |
| 5 - 10 Years | +42% | 7,560 SGD |
| 10 - 15 Years | +22% | 9,220 SGD |
| 15 - 20 Years | +6% | 9,730 SGD |
| 20+ Years | +9% | 10,600 SGD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Procurement Engineer and this is what we found.
Employees with less than two years of experience earn approximately 3,850 SGD.
While someone with an experience level between two and five years is expected to earn 5,310 SGD, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 7,560 SGD, 42% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 9,220 SGD, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 9,730 SGD, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 10,600 SGD, 9% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Procurement Engineer / Singapore
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Procurement Engineer.
| High School | 4,760 SGD | |
| Certificate or Diploma | +17% | 5,550 SGD |
| Bachelor's Degree | +46% | 8,080 SGD |
| Master's Degree | +31% | 10,600 SGD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Procurement Engineer in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 4,760 SGD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 5,550 SGD, 17% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 8,080 SGD, 46% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 10,600 SGD, 31% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Singapore costs anywhere from 42,400 SGD to 127,000 SGD and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Procurement Engineer / Singapore
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Procurement Engineer in Singapore, the average difference between the salary of male and female employees is 6%.
| Male | 7,320 SGD | |
| Female | -5% | 6,920 SGD |
Salary Comparison By Gender in Singapore for all Careers
Average Annual Salary Increment Percentage / Procurement Engineer / Singapore
How much are annual salary increments in Singapore for individuals working as Procurement Engineer? How often do employees get salary raises?
Individuals working as Procurement Engineer in Singapore are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
Singapore / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Procurement Engineer / Singapore
How much and how often are bonuses being awarded?
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41% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 59% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
| Received Bonus | 59% | |
| No Bonus | 41% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Procurement Engineer / Singapore
41 SGD per hourThe average hourly wage (pay per hour) for individuals working as Procurement Engineer in Singapore is 41 SGD.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Procurement Engineer in Singapore is 19 SGD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Purchasing and Inventory |  -100% | |
| Asset Management Associate | 6,690 SGD | -6% |
| Asset Protection Associate | 6,760 SGD | -5% |
| Asset Protection Specialist | 7,860 SGD |  +11% |
| Assistant Buyer | 6,400 SGD | -10% |
| Buyer | 11,100 SGD | +56% |
| Capacity Planner | 7,950 SGD | +12% |
| Category Leader | 7,300 SGD | +3% |
| Category Management Specialist | 7,470 SGD | +5% |
| Category Manager | 8,030 SGD | +13% |
| Channel Services Representative | 7,680 SGD | +8% |
| Contracts Manager | 8,870 SGD | +25% |
| Contracts Specialist | 7,310 SGD | +3% |
| Demand Planner | 7,800 SGD | +10% |
| Demand Planning Manager | 8,910 SGD | +25% |
| Digital Procurement Manager | 8,630 SGD | +21% |
| Distribution Assistant | 6,200 SGD | -13% |
| Distribution Associate | 6,270 SGD | -12% |
| Distribution Manager | 14,000 SGD | +97% |
| E-Commerce Buyer | 7,080 SGD | -0% |
| E-procurement Specialist | 8,370 SGD | +18% |
| Freight and Customs Compliance Manager | 9,050 SGD | +27% |
| Green Procurement Specialist | 7,530 SGD | +6% |
| Inventory Analyst | 7,050 SGD | -1% |
| Inventory Analytics Manager | 7,240 SGD | +2% |
| Inventory Control Clerk | 3,810 SGD | -46% |
| Inventory Control Manager | 9,630 SGD | +35% |
| Inventory Management Associate | 7,400 SGD | +4% |
| Inventory Optimization Manager | 8,820 SGD | +24% |
| Inventory Specialist | 7,160 SGD | +1% |
| Logistics Automation Engineer | 7,640 SGD | +7% |
| Logistics Engineer | 6,260 SGD | -12% |
| Master Planner | 6,960 SGD | -2% |
| Material Handler | 4,370 SGD | -39% |
| Material Planning Specialist | 6,150 SGD | -13% |
| Merchandise Manager | 8,160 SGD | +15% |
| Procurement Administrator | 8,870 SGD | +25% |
| Procurement Agent | 5,650 SGD | -21% |
| Procurement Analyst | 9,000 SGD | +27% |
| Procurement Assistant | 5,630 SGD | -21% |
| Procurement Associate | 7,650 SGD | +8% |
| Procurement Clerk | 3,300 SGD | -54% |
| Procurement Engineer | 7,110 SGD | +0% |
| Procurement Manager | 14,600 SGD | +110% |
| Procurement Officer | 3,450 SGD | -51% |
| Procurement Process Analyst | 8,430 SGD | +19% |
| Procurement Risk Manager | 7,980 SGD | +12% |
| Procurement Specialist | 6,390 SGD | -10% |
| Procurement Technology Consultant | 8,060 SGD | +13% |
| Production Planner | 7,980 SGD | +12% |
| Project Buyer | 8,890 SGD | +25% |
| Purchaser | 10,400 SGD | +46% |
| Purchasing Agent | 6,290 SGD | -12% |
| Purchasing Assistant | 3,820 SGD | -46% |
| Purchasing Manager | 14,400 SGD | +100% |
| Purchasing Officer | 6,780 SGD | -5% |
| Purchasing Supervisor | 9,940 SGD | +40% |
| Shipping and Receiving Clerk | 3,410 SGD | -52% |
| Shipping Coordinator | 7,070 SGD | -1% |
| Stock Clerk | 3,810 SGD | -46% |
| Stock Regulator | 4,060 SGD | -43% |
| Storage Manager | 9,070 SGD | +28% |
| Store Keeper | 3,560 SGD | -50% |
| Stores and Logistics Coordinator | 7,720 SGD | +9% |
| Strategic Sourcing Analyst | 9,600 SGD | +35% |
| Supplier Diversity Program Manager | 9,930 SGD | +40% |
| Supplier Relationship Manager | 10,500 SGD | +48% |
| Supply Chain Analyst | 10,500 SGD | +48% |
| Supply Chain Coordinator | 7,930 SGD | +12% |
| Supply Chain Development Manager | 13,700 SGD | +93% |
| Supply Chain Director | 15,500 SGD | +120% |
| Supply Chain Manager | 14,200 SGD | +100% |
| Supply Planner | 7,050 SGD | -1% |
| Sustainability Procurement Specialist | 9,670 SGD | +36% |
| Sustainable Sourcing Specialist | 7,020 SGD | -1% |
| Sustainable Supply Chain Manager | 10,400 SGD | +46% |
| Third Party Logistics Manager | 11,700 SGD | +65% |
| Vendor Management Specialist | 10,100 SGD | +42% |
| Warehouse Assistant | 2,780 SGD | -61% |
| Warehouse Automation Engineer | 7,430 SGD | +5% |
| Warehouse Clerk | 2,960 SGD | -58% |
| Warehouse Executive | 11,500 SGD | +62% |
| Warehouse Lead | 8,520 SGD | +20% |
| Warehouse Manager | 12,400 SGD | +74% |
| Warehouse Supervisor | 8,690 SGD | +22% |
| Wholesale Buyer | 11,200 SGD | +58% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Singapore is 5% on average across all career fields.
| Private Sector | 8,300 SGD | |
| Public Sector | +5% | 8,700 SGD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Procurement Engineer in Singapore?
A good and competitive compensation would range anywhere between 6,740 SGD and 7,750 SGD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Procurement Engineer in Singapore ranges from 3,340 SGD to 5,460 SGD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
