{"id":13843,"date":"2025-08-28T14:55:22","date_gmt":"2025-08-28T06:55:22","guid":{"rendered":"https:\/\/dollarsandsense.sg\/business\/?p=13843"},"modified":"2025-08-28T14:56:49","modified_gmt":"2025-08-28T06:56:49","slug":"how-much-ceos-earn-singapore-size-industry-age-sex","status":"publish","type":"post","link":"https:\/\/dollarsandsense.sg\/business\/how-much-ceos-earn-singapore-size-industry-age-sex\/","title":{"rendered":"How Much Do CEOs Earn In Singapore \u2013 By Size, Industry, Age And Sex"},"content":{"rendered":"\n

When people talk about the high salaries being dished out in Singapore, the conversation often drifts to bankers or professionals working in \u201cBig Tech\u201d. But at the very top of the corporate food chain sit the Chief Executive Officers, otherwise known as CEOs. <\/p>\n\n\n\n

They are the ones ultimately accountable for steering companies through growth cycles, downturns, and everything else in between. <\/p>\n\n\n\n

Thanks to the MOM\u2019s latest Occupational Wages Survey<\/a> (with data as of June 2024), we can get a clearer (and updated) sense of what CEOs in Singapore actually take home. <\/p>\n\n\n\n

Besides telling an interesting story for those of us who have always wondered how much CEOs here get paid, the pay is also broken down by the size of their companies, the industry they operate in, and their age and sex.<\/p>\n\n\n\n

Read Also: Singapore CEO Salaries: How Much The Biggest Listed Companies in Singapore Paid Their CEOs<\/a><\/em><\/strong><\/p>\n\n\n\n

Gross Pay That Is (Obviously?) Well Above The Median<\/strong><\/h3>\n\n\n\n

The typical CEO in Singapore earns a median gross monthly wage of $13,000. That figure also includes employer CPF contributions and sits comfortably at more than double the median wage across all workers, which stands at $5,500 (as of 2024). <\/p>\n\n\n\n

In other words, the job does pay relatively well. However, we can also easily see that the median \u201cCEO pay\u201d is not a monolithic number. In fact, employees in many other professions may be able to reach this remuneration package or even more.  <\/p>\n\n\n\n

Nevertheless, factors such as the size of the company, the sector it operates in, and even the age and gender of the person in the CEO role, can shift the overall pay packet quite dramatically.<\/p>\n\n\n\n

Read Also: What\u2019s The Median Salary In Singapore (At Every Age, Gender, Education and Race)<\/a><\/em><\/strong><\/p>\n\n\n\n

Size Really Does Matter<\/strong><\/h3>\n\n\n\n

If you run a small or medium-sized firm, also known as SMEs, then your pay packet looks very different from a fellow CEO that is heading up a larger organisation. The median pay for CEOs of SMEs sits closer to S$11,500 mark. <\/p>\n\n\n\n

Respectable but below the average $13,000 mark. Cross over into the big leagues, where large companies employ more than 200 staff, and the story, along with numbers, changes. <\/p>\n\n\n\n

For large firms, CEO wages often push beyond the $16,000 to $20,000 a month range, depending on the industry. The median gross pay for a CEO at a large firm in Singapore is $16,850 per month.<\/p>\n\n\n\n

This pay gap reflects the scale of the responsibility. Steering a 50-person local engineering company might be hard work but it\u2019s an entirely different proposition from navigating a 500-strong multinational. As a result, the market for CEO pay adjusts \u2013 and awards \u2013 accordingly.<\/p>\n\n\n\n

A Game Of Industries<\/strong><\/h3>\n\n\n\n

The industry a CEO works in is perhaps the biggest factor in setting the upper and lower boundaries. CEOs in Finance and insurance sit at the top of the ladder, with median CEO wages in this sector touching $20,000 per month. <\/p>\n\n\n\n

Professional services, including the likes of consulting and law, can also yield respectable pay, with the median gross wage at $12,500 per month. Those in the 75th<\/sup> percentile, though, are able to command an average of $20,955 per month.<\/p>\n\n\n\n

However, if we move into manufacturing or construction, the median wage comes down closer to $11,000 to $13,000. In \u201cAccommodation and Food Services\u201d, the median gross pay for a CEO is $5,000 and even those in the 75th<\/sup>percentile are taking home $10,000 per month \u2013 much lower than other sectors\u2019 CEOs. <\/p>\n\n\n\n

Read Also: What Does The Average Business In Singapore Look Like?<\/a><\/em><\/strong><\/p>\n\n\n\n

The Gaps In Age, Experience And Gender <\/strong><\/h3>\n\n\n\n

Another revealing factor is the age of CEOs. Younger CEOs (under 40) typically earn around $10,000 to $11,000. The figure climbs as corporate leaders move into their 40s, with medians stretching to $13,000 to $15,000. <\/p>\n\n\n\n

For those 50 and above, pay peaks at $18,000 to $20,000, especially in the traditionally higher-paid industries.<\/p>\n\n\n\n

Perhaps it\u2019s no surprise that the data also highlight the fact that gender pay disparities still exist, even in the C-suite. Male CEOs in Singapore earn a median gross salary of $13,871 per month, while female CEOs are at a median gross salary of $11,322. That\u2019s a gap of over 15%.<\/p>\n\n\n\n

What The Numbers Tell Us About CEO Pay<\/strong><\/h3>\n\n\n\n

Taken together, the numbers show that CEO pay can indeed be very good but it\u2019s a more nuanced story. Differences across size, industry, age and gender show that \u201cbeing a CEO\u201d is not a uniform experience, especially in terms of remuneration.<\/p>\n\n\n\n

Traditional sectors, like financial services, pay their CEOs very well whereas less prominent sectors may have lower median pay for their CEOs.<\/p>\n\n\n\n

Age is important as a determinant of CEO pay, with older leaders getting paid better, while the gender pay gap for corporate leaders is still very much a real issue. Overall, though, CEOs in Singapore as generally well paid given the median gross monthly salary is over twice that of the median for Singapore as a whole.<\/p>\n","protected":false},"excerpt":{"rendered":"The median CEO’s pay is $13,000.\n","protected":false},"author":1,"featured_media":13844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[92],"tags":[1528,2372,1529,2371,2019,343,496],"yoast_head":"\nHow Much Do CEOs Earn In Singapore \u2013 By Size, Industry, Age And Sex | DollarsAndSense Business<\/title>\n<meta name=\"description\" content=\"The median Singapore CEO pay is $13,000, which may not seem that high. 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