At a glance
Financial analyst salary in Singapore
- Financial analyst: S$8,366 median a month. Middle 50% earn S$6,050 to S$12,786.
- Treasury manager: S$12,000 median, S$3,634 more than a financial analyst.
- Financial or investment adviser: S$8,050.
- Graduates: S$4,400 for SUSS Finance, S$4,500 to S$4,621 for economics degrees, S$6,000 for NUS Business Administration.
- By employer: S$9,271 in finance and insurance, S$4,970 in professional services.
How does your pay compare?MOM figures, June 2025. Nothing you type leaves your browser.
Part 1 · Pay today
How much do financial analysts earn?
A financial analyst earns S$8,366 at the median. Treasury managers earn S$12,000.
Gross monthly wage, June 2025, all industries.
| Occupation, all industries | Basic wage, median | Gross, 25th pct | Gross, median | Gross, 75th pct |
|---|---|---|---|---|
| Financial/Investment adviserFull detail | 7,883 | 5,560 | 8,050 | 12,700 |
| Financial analystFull detail | 8,150 | 6,050 | 8,366 | 12,786 |
| Treasury managerPartial detail | 11,802 | 8,280 | 12,000 | 18,197 |
Source: MOM Occupational Wages 2025, Table 4. Full-time resident employees, June 2025.
Cell references
T4!C137:I137, T4!C134:I134, T4!C231:I231What it means
- Wide range: the middle 50% of financial analysts spans S$6,050 to S$12,786, as junior analysts and senior associates share one title.
- Advisers earn S$8,050 at the median, with a 75th percentile of S$12,700 where commissions are large.
Starting salary for finance and economics graduates
Finance and economics graduates earn S$4,400 to S$6,000 at the median six months after graduating.
Graduates in full-time permanent jobs, surveyed on 1 November 2025.
| University and programme | Basic, median | Gross, median | Gross, mean | Gross, middle 50% |
|---|---|---|---|---|
| SUSS, Finance | 4,325 | 4,400 | 4,775 | 4,145 to 5,134 |
| NTU, Double Degree in Engineering / Computer Science and Economics | 5,000 | 5,500 | 6,270 | 5,000 to 7,500 |
| NTU, Economics | 4,500 | 4,621 | 4,709 | 4,100 to 5,200 |
| SMU, Economics | 4,400 | 4,500 | 4,900 | 4,100 to 5,200 |
| NUS, Bachelor of Business Administration | 6,000 | 6,000 | 6,962 | 4,000 to 9,000 |
Full-time permanent jobs only, as at 1 November 2025. Source: MOE GES 2025 (NTU, NUS, SMU, SUSS).
What it means
- SUSS Finance graduates earn S$4,400; NTU and SMU Economics S$4,621 and S$4,500.
- NUS Business Administration is highest at S$6,000, with a wide range of S$4,000 to S$9,000.
- NTU's double degree in engineering or computer science with economics earns S$5,500.
Job outcomes for finance graduates82.5% of responding NUS Business Administration graduates were in full-time permanent jobs, against 64.9% for SUSS Finance.
82.5% of responding NUS Business Administration graduates were in full-time permanent jobs, against 64.9% for SUSS Finance.
Share of graduates in the labour force.
| Programme | Course response rate | Currently employed | In full-time permanent employment |
|---|---|---|---|
| SUSS, Finance | 68% | 83.8% | 64.9% |
| NTU, Double Degree in Engineering / Computer Science and Economics | 86% | 87.5% | 68.8% |
| NTU, Economics | 72% | 86.2% | 78.5% |
| SMU, Economics | 73% | 82.9% | 76.2% |
| NUS, Bachelor of Business Administration | 62% | 95.0% | 82.5% |
Share of graduates in the labour force. Source: MOE GES 2025.
What it means
- Economics graduates at NTU and SMU had full-time permanent rates of 78.5% and 76.2%.
Part 2 · Who earns more
How pay changes with age
Financial analyst pay rises from S$6,000 at 25 to 29 to S$11,620 at 40 to 49.
Median gross monthly wage by age group.
Financial analystFinancial or investment adviser
| Occupation | 25–29 | 30–39 | 40–49 | 50–59 |
|---|---|---|---|---|
| Financial analyst | 6,000 | 8,505 | 11,620 | 10,789 |
| Financial/Investment adviser | 5,000 | 7,303 | 13,598 | 17,403 |
| Treasury manager | – | 10,580 | 14,813 | 14,576 |
Median gross monthly wage, S$. "–" = suppressed by MOM. Source: MOM Occupational Wages 2025, Table 3.
Cell references
T3!C119:K119, T3!C122:K122, T3!C200:K200What it means
- Age 30 to 39: S$8,505, which is close to the all-ages median.
- Advisers keep rising to S$17,403 at 50 to 59, as client books grow.
- How to read it: each age band shows different people in June 2025, not one person's career.
By sex and employer sizeMale financial analysts earn S$9,190 at the median and female financial analysts S$7,875.
Male financial analysts earn S$9,190 at the median and female financial analysts S$7,875.
| Occupation | All, median gross | Men | Women | Women vs men |
|---|---|---|---|---|
| Financial analyst | 8,366 | 9,190 | 7,875 | -14.3% |
| Financial/Investment adviser | 8,050 | 8,129 | 7,960 | -2.1% |
| Treasury manager | 12,000 | 15,447 | 10,286 | -33.4% |
Median gross monthly wage, S$. Two group medians, not an adjusted pay gap. Source: MOM Occupational Wages 2025, Tables 1.1 and 1.2.
Cell references
T1.1!C118:E118, T1.2!C122:E122, T1.1!C121:E121, T1.2!C125:E125, T1.1!C202:E202, T1.2!C199:E199| Occupation | Firms with 25 to 199 employees | Firms with 200 or more | Large vs small |
|---|---|---|---|
| Financial analyst | 8,698 | 8,215 | -5.6% |
| Financial/Investment adviser | 12,154 | 7,850 | -35.4% |
| Treasury manager | 10,584 | 13,623 | +28.7% |
Median gross monthly wage, S$. Source: MOM Occupational Wages 2025, Table 2.
Cell references
T2!C134:G134, T2!C137:G137, T2!C224:G224What it means
- Firm size: analysts at smaller firms earn S$8,698, slightly more than S$8,215 at firms with 200 or more staff.
- These compare two groups. They are not an adjusted pay gap.
By employer industry
Financial analysts in finance and insurance earn S$9,271 at the median, against S$7,681 in manufacturing.
| Employer industry | Median gross wage | Gross wage, middle 50% |
|---|---|---|
| Financial and Insurance Services | 9,271 | 6,801 to 13,990 |
| Wholesale and Retail Trade | 8,300 | 6,471 to 11,266 |
| Information and Communications | 8,300 | 6,102 to 11,600 |
| Manufacturing | 7,681 | 5,761 to 11,699 |
| Administrative and Support Services | 7,653 | 4,597 to 9,691 |
| Transportation and Storage | 5,999 | 4,771 to 9,500 |
| Professional Services | 4,970 | 4,561 to 9,656 |
Financial analyst (SSOC 24131). Source: MOM Occupational Wages 2025, Tables 4.1 to 4.14. No figure published for the other 7 industries.
Cell references
T4.7!C63:I63, T4.3!C57:I57, T4.6!C53:I53, T4.1!C60:I60, T4.10!C35:I35, T4.4!C51:I51, T4.9!C72:I72What it means
- MOM publishes financial analyst pay for 7 of 14 industries. Professional services is lowest at S$4,970.
Part 3 · Over time
Pay over time and 2026 outlook
Financial analyst pay rose from S$6,500 in 2020 to S$8,366 in 2025. We project S$8,370 for June 2026.
Official medians for the last six years, then a projection for June 2026.
| Occupation | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|---|---|---|
| Financial analyst | 6,500 | 6,917 | 7,800 | 7,400 | 7,500 | 8,366 | |
| Financial/Investment adviser | – | – | – | 11,129 | 8,000 | 8,050 | |
| Treasury manager | 8,280 | 8,202 | 8,433 | 8,000 | 9,405 | 12,000 |
Median gross monthly wage, June of each year, S$. "–" = not published, or the job code changed in a way that cannot be linked one-to-one. Earlier years use SSOC 2020 codes, linked to SSOC 2024 with SingStat's official correspondence table. MOM advises that single-year changes are noisy because the survey is a sample; look at the direction over several years. Source: MOM Occupational Wages 2020 to 2025, Table 4.
June 2026 projection Estimate
| Occupation | June 2025 (MOM) | June 2026 projection | 80% range | Range |
|---|---|---|---|---|
| Financial analyst | 8,366 | 8,370 | 7,280 to 9,620 | |
| Financial/Investment adviser | 8,050 | Not projected: too volatile | ||
| Treasury manager | 12,000 | Not projected: too volatile | ||
Foundific projection v1, not official data. Central estimate = average of the last two MOM medians + economy-wide wage growth (3.73% a year, from MOM median income and the MAS inflation forecast). Tested on 2025: typical error 8.1%; 78.7% of actual values fell inside the 80% range. How the projection works.
What it means
- Treasury managers jumped from S$9,405 in 2024 to S$12,000 in 2025, too sharp a move to project.
- Estimate: projections are ours, not MOM data. MOM's June 2026 figures are due around mid-2027 and will replace them.
Part 4 · AI impact
Is financial analysis affected by AI?
The ILO rates financial analysts Very high for exposure to generative AI, higher than 98% of the jobs it scored.
Based on the International Labour Organization's 2025 index, which scores every core task of a job from 0 (AI cannot help) to 1 (AI could do nearly all of it).
Financial analyst
Very highAI exposure
Not exposedVery high
AI can do much of the routine work in this job. It is among the most exposed jobs.
- Most exposed taskPresenting oral and written reports
- Least exposed taskMaintaining knowledge and staying abreast of developments…
- In numbersAI could do a large part of 8 of its 9 main tasks.
Financial/Investment adviser
HighAI exposure
Not exposedVery high
AI can do a large part of many tasks, so the job is likely to change noticeably.
- Most exposed taskArranging to buy and sell stocks and bonds for clients
- Least exposed taskBuilding and maintaining a client base
- In numbersAI could do a large part of 4 of its 6 main tasks.
Financial analystSSOC 24131
Very highexposure to generative AI
- Not exposed
- Minimal
- Some
- Moderate
- High
- Very high
Scored as ILO group 2413 Financial analysts. Average task score 0.62, higher than 98% of the 427 jobs the ILO scored.
Financial/Investment adviserSSOC 24121
Highexposure to generative AI
- Not exposed
- Minimal
- Some
- Moderate
- High
- Very high
Scored as ILO group 2412 Financial and investment advisers. Average task score 0.57, higher than 96% of the 427 jobs the ILO scored.
Eight factors, role by role
| Factor | Financial analyst | Financial/Investment adviser |
|---|---|---|
| 1Exposure levelThe ILO's rating for the whole job, from not exposed up to very high. | Very high | High |
| 2Average task scoreHow much of each core task generative AI could do, averaged. 0 means none, 1 means nearly all. | 0.62 higher than 98% of jobs | 0.57 higher than 96% of jobs |
| 3Tasks AI could do much ofTasks scoring 0.5 or more. These are the parts of the job most likely to change. | 8 of 9 | 4 of 6 |
| 4Hands-on or people tasksTasks scoring under 0.25: physical, in-person or judgement work that AI barely touches. | 0 of 9 | 0 of 6 |
| 5How even the exposure isEven means AI touches most tasks a little. Uneven means a few tasks are exposed and the rest are not. | Even (0.06) | Mixed (0.10) |
| 6Most exposed taskWhere AI tools are likely to show up first. | Presenting oral and written reports on general economic… 0.68 | Arranging to buy and sell stocks and bonds for clients 0.66 |
| 7Least exposed taskThe task AI can help with least. | Maintaining knowledge and staying abreast of developments… 0.46 | Building and maintaining a client base 0.39 |
| 8Pay trend so farChange in the MOM median since the first year on record. Any AI effect would show here in later years. | +29% S$6,500 (2020) to S$8,366 (2025) | -28% S$11,129 (2023) to S$8,050 (2025) |
Most and least exposed tasks
Financial analyst
Most exposed tasks
- 0.68Presenting oral and written reports on general economic trends, individual…
- 0.65Analysing financial information to produce forecasts of business, industry…
- 0.64Monitoring economic, industrial, and corporate developments through analysis…
Least exposed tasks
- 0.46Maintaining knowledge and staying abreast of developments in the fields of…
- 0.62Interpreting data affecting investment programmes, such as price, yield…
- 0.62Preparing plans of action for investment based on financial analyses
Financial/Investment adviser
Most exposed tasks
- 0.66Arranging to buy and sell stocks and bonds for clients
- 0.65Recommending and arranging insurance cover for clients
- 0.64Interviewing clients to determine financial status and objectives, risk…
Least exposed tasks
- 0.39Building and maintaining a client base
- 0.49Setting financial objectives, and developing and implementing strategies for…
- 0.62Monitoring investment performance, and reviewing and revising investment…
Compared with our other guides
Source: ILO Working Paper 140, Generative AI and Jobs: A Refined Global Index of Occupational Exposure (Gmyrek et al., 2025), CC BY 4.0. Singapore jobs matched to ILO groups with the SingStat SSOC 2024 to ISCO-08 correspondence table. Pay: MOM Occupational Wages. The ILO scores international job groups, not Singapore titles. How we read the AI scores.
Cell references
SSOC 24131 to ISCO 2413 (SSOC2024-ISCO08!B266); SSOC 24121 to ISCO 2412 (SSOC2024-ISCO08!B264)What it means for financial analysts
- Average task score 0.62. AI could do a large part of 8 of the 9 main tasks.
- Most exposed task: presenting reports on economic trends and companies. Least exposed: keeping up with market developments.
- Advisers: 0.57. Building a client base is the least exposed task.
- What exposure measures: how much of the work AI could do or speed up. It does not measure job cuts. Employers decide how to use AI.
Part 5 · Using the figures
Which figure should you compare with?
Match your title first, then your age band and whether you work in a bank.
| You are | Compare with | Figure |
|---|---|---|
| Choosing a finance course | Finance or economics, six months after graduating | S$4,400 to S$4,621 |
| Analyst, early career | Financial analyst, age 25 to 29 | S$6,000 |
| Analyst in your thirties | Financial analyst, age 30 to 39 | S$8,505 |
| Analyst at a bank or insurer | Finance and insurance figure | S$9,271 |
| Investment adviser | Adviser row | S$8,050 |
| Treasury manager | Treasury manager row | S$12,000 |
About these figures
What the pay figures includeMonthly gross pay with allowances and overtime, without bonuses or employer CPF
Every figure is monthly, includes allowances and overtime, and excludes bonuses and employer CPF.
| Measure | Includes | Excludes |
|---|---|---|
| Basic wage | Basic pay | Allowances, overtime, bonus, employer CPF |
| Gross wage | Basic + allowances + overtime + commissions | Bonus, employer CPF, lump sums |
| Graduate salary | Same as gross, full-time permanent jobs only | Bonus, employer CPF |
- S$8,366 × 12 = S$100,392 a year before bonus. It is not a total package.
What this data does not coverBonuses are excluded, and in finance they can equal several months of pay.
Bonuses are excluded, and in finance they can equal several months of pay.
- Bonuses: excluded from every figure, so total pay in banking is well above these medians.
- Residents only: figures cover full-time Singapore citizens and permanent residents.
- Small firms with fewer than 25 staff are outside the survey.
Related guides
Sources
MOM Occupational Wages 2025 and MOE Graduate Employment Survey 2025
- MOM, Occupational Wages 2025, Tables 1 to 4. June 2025, released 30 June 2026. SSOC 24131, 24121, 24134. Exact cells are listed under each table.
- MOE, NTU GES 2025. Double Degree in Engineering / Computer Science and Economics; Economics.
- MOE, NUS GES 2025. Bachelor of Business Administration.
- MOE, SMU GES 2025. Economics.
- MOE, SUSS GES 2025. Bachelor of Science in Finance.
- MOM, Coverage and Methodology 2025.
- ILO generative AI exposure index 2025, matched to SSOC through the SingStat correspondence table.