Research Analyst Average Salary in Singapore 2024
How much money does a person working as Research Analyst make in Singapore?
LOW
3,050
SGD AVERAGE
5,990
SGD HIGH
9,220
SGD
A person working as Research Analyst in Singapore typically earns around 5,990 SGD. Salaries range from 3,050 SGD (lowest) to 9,220 SGD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Research Analyst salaries in Singapore vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Research Analyst Pay Scale and Salaries in Singapore
Salary Structure and Pay Scale Comparison
5,470 SGD or more
4,860 to 5,470 SGD
3,510 SGD or less
3,510 to 4,860 SGD
 3,050 SGD |
5,490 SGD |
9,220 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 Research Analyst in Singapore range from 3,050 SGD (starting salary) to 9,220 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 5,490 SGD, half of the professionals who work as Research Analyst 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 Research Analyst in Singapore earn less than 4,530 SGD, while 75% earn more. Similarly, the chart shows that 75% earn less than 6,250 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 Research Analyst in Singapore compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 3,510 SGD to 4,860 SGD. About 20% of salaries are below the 3,510 SGD mark, while 10% fall within the range of 4,860 SGD to 5,470 SGD. Only 5% of individuals have salaries exceeding 5,470 SGD.
Salary Comparison by Years of Experience / Research Analyst / Singapore
How do experience and age affect pay?
| 0 - 2 Years | 3,420 SGD | |
| 2 - 5 Years | +31% | 4,470 SGD |
| 5 - 10 Years | +40% | 6,260 SGD |
| 10 - 15 Years | +20% | 7,520 SGD |
| 15 - 20 Years | +9% | 8,170 SGD |
| 20+ Years | +8% | 8,820 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 Research Analyst and this is what we found.
Employees with less than two years of experience earn approximately 3,420 SGD.
While someone with an experience level between two and five years is expected to earn 4,470 SGD, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 6,260 SGD, 40% 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 7,520 SGD, 20% 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 8,170 SGD, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 8,820 SGD, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Research Analyst / Singapore
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Research Analyst.
| High School | 4,100 SGD | |
| Certificate or Diploma | +15% | 4,720 SGD |
| Bachelor's Degree | +40% | 6,630 SGD |
| Master's Degree | +29% | 8,540 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 Research Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 4,100 SGD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 4,720 SGD, 15% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 6,630 SGD, 40% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 8,540 SGD, 29% 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 / Research Analyst / 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 Research Analyst in Singapore, the average difference between the salary of male and female employees is 6%.
| Male | 6,170 SGD | |
| Female | -6% | 5,810 SGD |
Salary Comparison By Gender in Singapore for all Careers
Average Annual Salary Increment Percentage / Research Analyst / Singapore
How much are annual salary increments in Singapore for individuals working as Research Analyst? How often do employees get salary raises?
Individuals working as Research Analyst in Singapore are likely to observe a salary increase of approximately 11% every 15 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 / Research Analyst / Singapore
How much and how often are bonuses being awarded?
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45% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 55% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
| Received Bonus | 55% | |
| No Bonus | 45% |
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 / Research Analyst / Singapore
35 SGD per hourThe average hourly wage (pay per hour) for individuals working as Research Analyst in Singapore is 35 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 Research Analyst in Singapore is 18 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 |
| Real Estate |  -100% | |
| 3D Printing Home Building Engineer | 7,440 SGD |  +24% |
| Acquisition Associate | 6,730 SGD | +12% |
| Assistant Leasing Manager | 8,980 SGD | +50% |
| Assistant Property Manager | 8,510 SGD | +42% |
| Brokerage | 6,470 SGD | +8% |
| Brokerage Clerk | 3,630 SGD | -39% |
| Co-Living Space Manager | 7,430 SGD | +24% |
| Commercial Leasing Manager | 13,300 SGD | +120% |
| Commercial Real Estate Manager | 14,000 SGD | +130% |
| Community Development Manager | 12,200 SGD | +100% |
| Compliance Specialist | 6,240 SGD | +4% |
| Development Coordinator | 6,240 SGD | +4% |
| Director of Real Estate | 15,600 SGD | +160% |
| Foreclosure Consultant | 9,020 SGD | +51% |
| Lease Administrator | 8,460 SGD | +41% |
| Leasing Agent | 6,940 SGD | +16% |
| Leasing Consultant | 7,740 SGD | +29% |
| Leasing Manager | 8,940 SGD | +49% |
| Lettings Assistant | 3,370 SGD | -44% |
| Portfolio Analyst | 11,500 SGD | +92% |
| Portfolio Manager | 15,700 SGD | +160% |
| Property Acquisition Agent | 5,930 SGD | -1% |
| Property and Claims Specialist | 8,070 SGD | +35% |
| Property Manager | 10,100 SGD | +69% |
| Property Operations Manager | 14,500 SGD | +140% |
| Property Tax Assistant | 6,560 SGD | +10% |
| PropTech Consultant | 8,170 SGD | +36% |
| Real Estate Administrator | 7,500 SGD | +25% |
| Real Estate Agent | 7,330 SGD | +22% |
| Real Estate Analyst | 9,180 SGD | +53% |
| Real Estate Appraiser | 7,510 SGD | +25% |
| Real Estate Assistant | 6,680 SGD | +12% |
| Real Estate Association Manager | 9,010 SGD | +50% |
| Real Estate Broker | 6,890 SGD | +15% |
| Real Estate Data Analyst | 7,500 SGD | +25% |
| Real Estate General Manager | 14,100 SGD | +140% |
| Real Estate Project Director | 13,000 SGD | +120% |
| Real Estate Project Manager | 12,600 SGD | +110% |
| Real Estate Sales Agent | 6,830 SGD | +14% |
| Real Estate Valuer | 7,370 SGD | +23% |
| Real State Compliance Officer | 7,200 SGD | +20% |
| Research Analyst | 5,990 SGD | +0% |
| Residential Advisor | 8,450 SGD | +41% |
| Residential Property Manager | 9,940 SGD | +66% |
| Shopping Center Manager | 14,700 SGD | +150% |
| Short-Term Rental Manager | 8,820 SGD | +47% |
| Smart Home Consultant | 8,070 SGD | +35% |
| Town Planner | 14,400 SGD | +140% |
| Vacation Rental Manager | 8,700 SGD | +45% |
| Virtual Tour Producer | 6,970 SGD | +16% |
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 Research Analyst in Singapore?
A good and competitive compensation would range anywhere between 5,490 SGD and 6,250 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 Research Analyst in Singapore ranges from 3,050 SGD to 4,530 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
