2025 Singapore Accounting and Finance Salary Guide

We understand the pressures facing Singaporean finance and accounting teams today. The skills shortage is real, cost control is critical and keeping pace with technology can feel like a constant uphill battle.

That’s why we have curated the 2025 Robert Half Finance and Accounting Salary Guide to arm you with the knowledge and confidence to make the right employment decisions. Whether you're a hiring manager looking to attract top finance talent or an accounting jobseeker looking to secure your next role, this guide provides valuable insights and Singaporean salary benchmarks, based on Robert Half’s placement data, to help the decision-making process.

Finance and accounting market update

While senior-level positions remain relatively stable, a fierce battle is being waged for middle management talent. Employers in Singapore are fiercely protective of their top performers in these roles as they navigate the complexities of today's business environment.

Despite overall salary trends remaining flat, the high demand for skilled financial analysts to provide data-driven insights is driving up compensation in this area. At the top end of the market, organisations are laser-focused on securing high-performing leaders, particularly for Finance Director and CFO roles.

View salaries by category

Starting salaries can vary greatly depending on a professional’s skills and experience, company size and demand for the role.

Accounting / Finance Management

Accounts Payable / Receivable

Corporate Finance / Mergers & Acquisitions

Cost Accounting

Credit Management

Financial Planning & Analysis / Business Analysis

Internal Audit

Risk & Compliance

Tax

Treasury

Position title

25th percentile

50th percentile

75th percentile

Management Accountant

60000

68000

80000

Senior Accountant

73000

84000

94000

Accounting / Finance Manager

96000

116000

126000

Finance Controller

158000

168000

180000

Finance Director

210000

231000

252000

CFO

315000

357000

400000

25th percentile

The candidate has little or no prior experience in the position and is still developing relevant skills.

50th percentile

The candidate has an average level of experience and has most of the necessary skills.

75th percentile

The candidate has above-average experience, has most or all the necessary skills and may have specialised qualifications.

Salary range based on three percentiles The starting salaries represent gross yearly salaries. They do not include bonuses, benefits or the Central Provident Fund.

Spotlight on commercial skills

Being commercially savvy is no longer a bonus; it's a necessity for finance professionals looking to excel in today's market. Singaporean businesses are seeking talent who possess not only strong accounting fundamentals but also a keen understanding of business strategy and the ability to translate financial data into actionable insights. Companies should upskill their staff, ensuring they also possess the necessary skills to thrive in the digital age.

Talent to implement SAP S/4HANA Cloud

With SAP ECC 6.0 expiring at the end of 2027, Singaporean businesses are seeking talented business analysts to help them transition to SAP S/4HANA Cloud. This migration is crucial for companies relying on SAP systems to maintain operational efficiency and leverage the latest advancements in enterprise resource planning.

Tax changes call for uptick in compliance and reporting

Singapore's adoption of the BEPS 2.0 framework is causing significant ripples in the tax sphere, leading to increased compliance and reporting requirements for businesses. To keep up with international tax developments, companies are in pursuit of tax specialists with expertise in BEPS 2.0 guidelines to navigate these complexities, ensure compliance and manage the increased reporting demands.

The disconnect between finance candidates’ salary expectations and company budget realities is creating challenges in the hiring process. While post-pandemic panic hiring has subsided, companies are finding that top talent often have higher salary expectations than anticipated. This salary mismatch requires businesses to reassess their budgets and prepare to invest in order to secure the best candidates.

of finance workers say it is more challenging to negotiate a pay rise compared to last year of finance workers say it is more challenging to negotiate a pay rise compared to last year

of finance workers say they will look for a new job if they are not given a pay rise in 2025 of finance workers say they will look for a new job if they are not given a pay rise in 2025

Given the recent market fluctuations, job security remains a top priority for employees in Singapore with most workers placing greater importance on job stability compared to salary. Finance workers are still concerned about redundancies occurring this year and some plan to look for a new job and pursue trainings or certifications to improve their marketability. Providing clear communication about the company's financial health and plans can provide those seeking for job security more reassurance.

of finance workers prioritise job security over salary of finance workers prioritise job security over salary

of finance workers are taking on side projects to prepare for potential redundancies in their company in 2025 of finance workers are taking on side projects to prepare for potential redundancies in their company in 2025

In-demand functional areas in finance and accounting

Financial Planning & Analysis

Controllership

Internal audit

Treasury/tax

In-demand skills in finance and accounting

Financial accounting and reporting (IFRS/US GAAP)

FP&A/Commercial finance

Costing

Consolidation

Data analytics and financial modelling

How much should I earn or pay?

In-demand certifications and degrees in finance and accounting

CA/CPA

CFA

CIA

CTP

Top industries hiring for finance and accounting talent

High-tech manufacturing

Energy/renewable energy

FMCG/retail

Pharmaceutical/medical devices

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The salaries listed in the Salary Guide from Robert Half are the result of a rigorous, multistep process to ensure our projections accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers in Singapore.

The salaries listed in the salary tables represent gross yearly salaries. They do not include bonuses, benefits or the Central Provident Fund. We report salaries in three percentiles, recognising that professionals join companies at varied experience levels.

The non-salary data presented in this Salary Guide is derived from an online survey conducted by an independent research firm commissioned by Robert Half in November 2024. The survey gathered responses from 300 finance, accounting, financial services, human resources and IT and technology professionals employed by a diverse range of organisations in Singapore, including SMEs and large companies.