Please screenshot this page and send it to info@mim-essay.com

close

MIM Salary in Singapore

MIM Salary in Singapore | Sectors, Locations & Job Profile

Are you considering pursuing an MIM in Singapore? Wondering about the potential financial benefits that come with this esteemed degree? Look no further! In this blog, MIM salary in Singapore, we delve into the exciting world of MIM education in Singapore and uncover the remarkable salary prospects that await graduates.

Throughout this blog, we will explore the average MIM salary in Singapore earned by graduates, the industries that offer the most attractive remuneration packages, and the factors that contribute to the exceptional earning potential associated with an MIM qualification.

Average Salary of MIM in Singapore 

MIM salary in Singapore

Job Role Average Salary (SGD/year)
Software Engineer 60,000 - 84,000
Accountant 54,000 - 72,000
Business Analyst 60,000 - 84,000
Data Analyst 60,000 - 84,000
Human Resources Specialist 48,000 - 72,000
Marketing Executive 42,000 - 66,000
Civil Engineer 54,000 - 78,000
Mechanical Engineer 54,000 - 78,000
Project Manager (IT) 72,000 - 108,000
Nurse 42,000 - 66,000

The master in management average salaries in Singapore is around 35,000 USD per year although higher salaries are possible depending on the circumstances. Many MIM degree graduates begin their careers in beginner-level management roles, like management trainees or business analysts.

It's important to consider that a MIM is a postgraduate degree that is typically pursued after gaining work experience, so the MIM salary in Singapore expectations are often influenced by their prior professional background.

The Master in Management salaries can also differ based on the industry sector. Some industries, such as finance, consulting, and technology, generally offer higher salaries for MIM graduates due to the nature of the work and the demand for individuals with advanced business knowledge and leadership skills.

5 Best Paying Jobs After MSBA in USA

MIM salary in Singapore

A Master's in Management (MIM) degree has become an increasingly popular choice among students seeking to elevate their career prospects and gain a competitive edge in the job market. With its focus on developing managerial skills and leadership acumen, a MIM degree opens doors to career opportunities across various industries.

Singapore, as a thriving global business hub, offers an excellent environment for MIM graduates to embark on their professional journey. The country's robust economy and diverse industries provide job options, making it an attractive destination for aspiring managers and leaders.

With a MIM degree in hand, graduates are equipped with the knowledge and skills to drive innovation, implement strategic decisions, and lead teams effectively, positioning them for success and getting all kinds of MIM in Singapore jobs in dynamic job market.

Job Role Average Annual Package (SGD/year)
HR Manager 100,960
General Operation Manager 57,443
Training Manager 66,146
Sales Manager 62,664
Social Media Manager 45,257

1. HR Manager

HR managers play a crucial role in attracting, developing, and retaining top talent within an organization. With an average annual package of SGD 100,960 in Singapore, this role offers rewarding opportunities to implement innovative HR strategies, foster a positive work culture, and drive employee engagement initiatives.

2. General Operation Manager

General operation managers are responsible for overseeing the day-to-day operations of an organization. With an average annual package of SGD 57,443, this role requires strong leadership and problem-solving skills to ensure smooth business operations and optimize efficiency across various departments.

3. Training Manager

Training managers are instrumental in designing and implementing training programs to enhance the skills and knowledge of employees. With an average annual package of SGD 66,146, this role provides opportunities to foster a culture of continuous learning and talent development within the organization.

4. Sales Manager

Sales managers are responsible for developing and executing sales strategies to achieve revenue targets. With an average annual package of SGD 62,664, this role offers exciting opportunities to lead sales teams, build client relationships, and contribute to the growth and success of the organization.

5. Social Media Manager

In the age of digitalization, social media managers play a vital role in crafting and executing social media strategies to enhance brand presence and engagement. With an average annual package of SGD 45,257, this role offers opportunities to connect with a vast audience and drive impactful online marketing campaigns.

Sector Wise Salary

MIM salary in Singapore

An MIM (Master of Business Administration) degree can open up various career opportunities and significantly impact salary potential. Before even start on the journey, students can check sources like Randstad to find jobs posted in various sectors with high pay. 

In Singapore, obtaining an MIM is highly regarded and can lead to attractive salary packages across different sectors. Below, I'll provide information on the average MIM Singapore Salary in various sectors in Singapore.

Sector Salary Range (SGD/year)
Consulting 81,000 to 121,500
Finance 94,500 to 135,000
Technology 81,000 to 128,250
Consumer Goods 74,250 to 114,750

1. Consulting

In the consulting sector, MIM graduates often find rewarding and high-paying roles. MIM salary in Singapore in consulting can vary depending on factors such as experience, location, and the consulting firm's size and reputation.

On average, In the consulting sector MIM graduates can expect to earn between SGD 81,000 to 121,500 per year, with the potential for higher earnings as they progress in their careers.

2. Finance

The finance sector in Singapore offers lucrative opportunities for MIM graduates. Roles in investment banking, corporate finance, private equity, and asset management can provide attractive salary packages.

On average, In the finance sector MIM graduates can expect to earn between SGD 94,500 to 135,000 per year. However, it's worth noting that salaries can significantly increase with experience and performance, particularly in senior management positions.

3. Technology

Singapore has a thriving technology sector, with many multinational tech companies having a presence in the country. MIM graduates with a focus on technology and innovation can find excellent career prospects and competitive salaries.

On average, In the Technology sector MIM graduates can expect to earn between SGD 81,000 to 128,250 per year, depending on the specific role, company, and level of experience.

4. Consumer Goods

The consumer goods industry encompasses various sectors such as retail, FMCG (fast-moving consumer goods), and luxury goods. Masters in Management in Singapore graduates pursuing careers in consumer goods can expect diverse opportunities.

MIM salary in Singapore in this sector can range from SGD 81,000 to 128,250 per year, depending on the specific role, company size, and level of responsibility. Senior management positions or roles in large multinational companies may offer higher earning potential.

Factors Affecting MIM Salary in Singapore

MIM salary in Singapore

MIM in Singapore cost affects admission, there are some factors that affect salary in the country. The prospects for MIM salary can vary based on several factors, including job experience, company size, and industry demand. Here are some of the factors that can affect the salary prospects for MIM graduates:

Job Experience

One of the critical factors that can affect the MIM salary in Singapore is job experience. The more job experience a graduate has, the more likely they are to secure higher-paying jobs. Many companies in Singapore offer different salary levels based on the candidate's work experience and seniority level. Therefore, MIM graduates with relevant work experience may have an advantage in securing higher-paying jobs.

Company Size

The Company size and reputation also matter where you work for can influence your salary. Well-established companies in the MIM field may offer more competitive salaries compared to small scale companies.

Industry Demand

The industry in which you work can greatly affect your Master in Management(MIM) salary. For example, Masters in Management (MIM) professionals working in the aerospace or medical device industries may receive higher salaries than those in less specialized sectors. So, It entirely works on an Industry sector basis.

Cost of Living

The cost of living in Singapore is relatively high. Employers may offer higher salaries to balance these living costs, especially if you have unique skills that are in demand. Singapore is known for its expensive real estate market. So, a significant portion of your income often goes into House rent, transportation, Taxes and social security. So, these factors may also influence MIM salaries.

Singapore Colleges With Highest Post-MIM Salary

Singapore, renowned for its dynamic and highly competitive education sector, offers an array of opportunities for students pursuing a Master in Management (MIM). With its robust economy and status as a global business hub, the city-state provides a fertile ground for MIM graduates to thrive in various industries. Among the plethora of institutions, several Singaporean colleges stand out for their exceptional post-MIM salary prospects, reflecting the high value of the education and training they provide.

These institutions are not only recognized for their academic excellence but also for their strong connections with the business world, which significantly enhances their graduates' employability and earning potential. As we delve into the Singaporean educational landscape, we highlight the colleges that lead in securing the highest post-MIM salaries for their alumni, illustrating the potent combination of quality education and strategic industry partnerships.

MIM Colleges in Singapore Full-time MIM Average Salary
NUS MSc in Management  $34,690
Singapore Management University MIM $34,690
Singapore Institute Of Management $34,690
Nanyang Technological University  $48,292
INSEAD Business School MIM €72,000
ESSEC Business School MIM €121,000


Conclusion

In conclusion, obtaining an MIM in Singapore can significantly increase your earning potential. While an MIM can provide a competitive advantage in the job market and potentially lead to higher salaries, it's also important to consider the cost of obtaining the degree and weigh the potential return on investment. Additionally, negotiation skills, qualifications, and specific skills in the market impacts on all actual MIM salary in Singapore.

What is the average salary for a Machine Learning Engineer in Singapore?

The average salary for a Machine Learning Engineer in Singapore ranges from SGD 80,000 to SGD 120,000 per year, depending on factors such as experience, qualifications, and the company's size.

Top-tier professionals with extensive expertise may command higher salaries, reaching SGD 150,000 or more.

It's worth noting that salary ranges can vary based on the industry, job level, and demand for specialized skills.

Conducting thorough research and networking within the local tech community can provide further insights into the current market trends.

Are there any additional benefits or perks associated with Machine Learning roles in Singapore?

Yes, many companies in Singapore offer additional benefits and perks to attract and retain top Machine Learning talent.

These can include healthcare insurance, annual bonuses, stock options, flexible working hours, remote work arrangements, professional development opportunities, and subsidized gym memberships.

It's important to consider the complete compensation package and assess whether the offered benefits align with your priorities and requirements when evaluating a job opportunity in the field of Machine Learning in Singapore.

What qualifications or skills are in high demand for Machine Learning professionals in Singapore?

 In Singapore, Machine Learning professionals with a strong foundation in computer science, mathematics, and statistics are highly sought after.

Employers often look for candidates with advanced degrees (Master's or Ph.D.) in relevant fields.

Proficiency in programming languages such as Python and R, experience with popular Machine Learning frameworks like TensorFlow and PyTorch, and expertise in data preprocessing, feature engineering, and model evaluation are essential skills in high demand.

Additionally, a solid understanding of deep learning, natural language processing, and computer vision can further enhance job prospects in this competitive market.

What career growth opportunities are available for Machine Learning professionals in Singapore?

 Singapore offers a thriving ecosystem for Machine Learning professionals to enhance their careers. 

Beyond traditional job roles, there are opportunities to lead Machine Learning teams, become research scientists in academia or industry, or even start their own ventures in the AI space.

Singapore's government actively promotes research and development in AI and offers funding and support through initiatives like the AI Singapore program.

Moreover, attending industry conferences, participating in hackathons, and pursuing continuous learning through online courses and workshops can help individuals stay updated with the latest trends and technologies, facilitating career growth in this dynamic field.

What industries in Singapore offer the most opportunities for Machine Learning professionals?

 Machine Learning professionals in Singapore have a wide range of industries to choose from, as the technology is in high demand across various sectors.

Industries such as finance, e-commerce, healthcare, logistics, and manufacturing are actively leveraging Machine Learning to drive innovation and improve processes.

Fintech companies and established financial institutions are particularly active in adopting Machine Learning techniques for fraud detection, risk assessment, and algorithmic trading.

Exploring job opportunities in these industries can provide exciting prospects for Machine Learning professionals in Singapore.

Know Your Author
Photo of Rohit
Rohit Rajaram
Study Abroad Expert
Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
You may also like these Blogs