Is Your Salary Growing With Your Experience in 2025?
Have you ever wondered how your salary compares to industry benchmarks as you gain experience? In Singapore, where the cost of living is high and competition is fierce, understanding salary progression is crucial for career planning and financial stability.
We break down the typical salary progression in Singapore based on years of experience, using data from a 2023 study.
We’ll explore how salaries increase over time, whether your current pay aligns with these benchmarks, and what steps you can take to ensure you’re on track for success.
Salary Progression by Years of Experience
Based on 2023 Fresh Grad Median Gross Salary (S$4,313)
Years of Experience | Salary Increase | Example Salary |
---|---|---|
Below 2 years | Starting salary | S$4,313 |
2 – 5 years | +32% more than <2 years of experience | S$5,693.16 |
5 – 10 years | +36% more than 2–5 years of experience | S$7,742.69 |
10 – 15 years | +21% more than 5–10 years of experience | S$9,368.65 |
15 – 20 years | +14% more than 10–15 years of experience | S$10,680.26 |
20+ years | +9% more than 15–20 years of experience | S$11,641.48 |
Source: The Straits Times Singapore
Key Insights from the Data
1. Early Career Growth
- Starting Salary: A fresh graduate in Singapore typically earns around S$4,313 per month.
- 2–5 Years: Within the first few years, salaries see a significant jump of 32%, reflecting rapid learning and increased responsibility. This brings the median salary to approximately S$5,693.16.
2. Mid-Career Acceleration
- 5–10 Years: As professionals gain more experience, salaries continue to rise, but at a slightly slower pace. The 36% increase over the previous bracket lifts the median salary to S$7,742.69.
- 10–15 Years: At this stage, growth slows further to 21%, reflecting higher base salaries and potentially plateauing responsibilities. The median salary reaches S$9,368.65.
3. Late Career Stabilisation
- 15–20 Years: Salaries grow by 14%, indicating that while experience still matters, promotions or role changes become less frequent. The median salary hits S$10,680.26.
- 20+ Years: For seasoned professionals, salary growth stabilises at 9%, showing that long tenure alone may not guarantee substantial raises. The median salary tops out at S$11,641.48.
Are You on Track?
Now that we’ve reviewed the benchmarks, let’s assess whether your current salary aligns with these expectations:
Experience Level | Target Salary (SGD) | Action if Earning Less |
---|---|---|
Less than 2 years | S$4,313 | Negotiate or explore other opportunities |
2–5 years | S$5,693.16 | Revisit performance or seek new roles |
5–10 years | S$7,742.69 | Upskill or seek leadership roles |
10–15 years | S$9,368.65 | Expand responsibilities or move into management |
15–20 years | S$10,680.26 | Consider lateral moves or explore high-demand industries |
20+ years | S$11,641.48 | Consider consulting, freelancing, or entrepreneurship |
Practical Tips to Stay on Track
1. Regularly Review Your Salary Expectations
- Use tools like Glassdoor, PayScale, or industry reports to benchmark your salary against that of your peers.
- Consider factors like location, industry, and company size when comparing salaries.
2. Invest in Continuous Learning
- Pursue certifications, courses, or training programmes (SkillsFuture SG) relevant to your field.
- Stay updated on industry trends and emerging skills to remain competitive.
3. Seek Feedback and Performance Reviews
- Request regular feedback from managers to understand areas for improvement.
- Use performance reviews as an opportunity to negotiate raises or promotions.
4. Explore New Opportunities
- Don’t hesitate to explore job offers elsewhere if they align with your career goals.
- Consider lateral moves or roles in different industries to broaden your skill set.
5. Negotiate Confidently
- Research market rates before entering salary negotiations.
- Highlight your achievements and value to the company during discussions.
In a Nutshell:
Salary progression in Singapore follows a predictable pattern, but staying on track requires proactive effort. Whether you’re a fresh graduate or a seasoned professional, understanding these benchmarks empowers you to make informed decisions about your career and finances.
Remember, salary growth isn’t just about time — it’s about continuous learning, taking on new challenges, and demonstrating value to your employer.
By staying curious, adaptable, and strategic, you can ensure your salary aligns with your experience and aspirations.
References
- Singaporean salary surveys and industry reports.
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