If you are a product manager or aspiring to be one, you might be wondering how much you can earn in Singapore, one of the most dynamic and innovative markets in Southeast Asia. In this blog post, we will explore the average salary, range, and factors that affect the compensation of product managers in Singapore.
Average Product Manager Salary in Singapore
According to Glassdoor, the estimated total pay for a product manager in Singapore is SGD 16,500 per month, with an average salary of SGD 6,000 per month . This is based on 3,883 salaries submitted anonymously to Glassdoor by product manager employees in Singapore as of June 2023. The total pay includes base salary, bonus, commission, and profit sharing.
However, the salary of a product manager can vary widely depending on the company, industry, seniority level, skills, and location. For example, some of the top-paying companies for product managers in Singapore are Meta (SGD 14,230 per month), Dell Technologies (SGD 14,195 per month), HSBC (SGD 13,443 per month), Carousell (SGD 13,188 per month), and ByteDance (SGD 11,543 per month), according to Indeed. These companies are mostly in the technology, banking, and e-commerce sectors, which are highly competitive and innovative.
On the other hand, some of the lowest-paying companies for product managers in Singapore are Ang Mo Kio (SGD 5,598 per month), Shenton Way (SGD 6,347 per month), Clementi (SGD 6,449 per month), Toa Payoh (SGD 6,632 per month), and Singapore (SGD 6,976 per month), according to Indeed. These companies are mostly in the public sector, education, and manufacturing sectors, which are more stable and regulated.
The seniority level of a product manager also affects the salary. According to Glassdoor, there are three levels of product managers in Singapore: L3 Product Manager (SGD 6,000 per month), L4 Lead Product Manager (SGD 11,300 per month), and L5 Senior Lead Product Manager (no salary reports). The higher the level, the more responsibility, experience, and skills required.
The skills of a product manager can also influence the salary. Some of the most in-demand skills for product managers in Singapore are user research, agile methodology, data analysis, user interface design, user testing, prototyping, product strategy, product roadmap, stakeholder management, and communication skills. Product managers who have these skills can demonstrate their value and impact to the company and negotiate for a higher salary.
The location of a product manager can also affect the salary. According to Indeed, some of the highest-paying cities for product managers near Singapore are Raffles (SGD 8,675 per month), Queenstown (SGD 7,672 per month), Outram (SGD 7,649 per month), Tanjong Pagar (SGD 7,629 per month), and Singapore (SGD 6,976 per month). These cities are mostly in the central business district or near major tech hubs where there is more demand and competition for product managers.
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How Much Do Product Managers Earn in Singapore by City?
Product managers are professionals who oversee the development, launch, and growth of software products. They are responsible for defining the product vision, strategy, roadmap, and features, as well as collaborating with various stakeholders such as developers, designers, marketers, customers, and users.
Product managers are in high demand in Singapore, as the city-state is a hub for innovation and technology in Southeast Asia. According to Glassdoor, the average salary for product managers in Singapore is $6,000 per month, with a range from $500 to $17,000. The average additional cash compensation is $10,000 per year, with a range from $2,000 to $26,600.
However, product manager salaries can vary significantly depending on the company, industry, experience level, and location. In this blog post, we will explore how much product managers earn in different cities in Singapore, based on data from Glassdoor, PayScale, and Indeed.
Product Manager Salary by City
To compare product manager salaries by city, we will use the median base salary reported by Glassdoor for each city. We will also include the number of salaries reported and the most common employers for product managers in each city.
| City | Median Base Salary (SGD) | Number of Salaries Reported | Most Common Employers |
|---|---|---|---|
| Singapore | $6,000 | 3,883 | Shopee, Singtel, Standard Chartered Bank |
| Jurong West | $6,500 | 11 | DBS Bank |
| Tampines | $7,000 | 9 | OCBC Bank |
| Woodlands | $6,500 | 7 | Dell Technologies |
| Ang Mo Kio | $7,500 | 5 | Grab |
| Hougang | $6,000 | 4 | Citi |
| Pasir Ris | $6,500 | 3 | Garena |
| Bukit Batok | $5,500 | 2 |
As we can see from the table above, product manager salaries are relatively consistent across different cities in Singapore, with most cities having a median base salary of around $6,000 to $7,000 per month. However, there are some exceptions such as Ang Mo Kio and Bukit Batok, where product managers earn more or less than the average respectively.
The table also shows that product managers can work for a variety of companies in different industries such as e-commerce, banking, telecommunications, gaming, and technology. Some of the most common employers for product managers in Singapore are Shopee, Singtel, Standard Chartered Bank, DBS Bank, OCBC Bank, Dell Technologies, Grab, Citi, Garena, and Google.
Factors Affecting Product Manager Salary
Besides the city of work, there are other factors that can affect how much product managers earn in Singapore. Some of these factors are:
- Experience level: Product managers with more years of experience tend to earn more than those with less experience. According to PayScale, the average salary for a product manager with less than one year of experience is S$61,042 per year. The average salary increases to S$67,469 for those with one to four years of experience; S$95,086 for those with five to nine years of experience; and S$117,446 for those with 10 to 19 years of experience.
- Skills: Product managers with certain skills can command higher salaries than those without them. For example,
PayScale reports that product managers who have skills in Agile Software Development earn 8% more than the average; those who have skills in User Experience (UX) Design earn 7% more; and those who have skills in Product Marketing earn 6% more. - Education: Product managers who have higher levels of education may also earn more than those who have lower levels. According to PayScale,
product managers who have a Master’s Degree earn 12% more than the average; those who have a Bachelor’s Degree earn 4% more; and those who have a Diploma or Certificate earn 2% less. - Company: Product managers who work for larger or more prestigious companies may also earn more than those who work for smaller or less known companies. For example,
Glassdoor reports that product managers who work for Meta (formerly Facebook) earn an average of $14
Conclusion
In conclusion, the salary of a product manager in Singapore depends on various factors such as company, industry, seniority level, skills, and location. The average salary is SGD 6,000 per month with a range from SGD 2,000 to SGD 27,000. Product managers who want to earn more should aim for companies that are in the technology.
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