What is a competitive banking and financial services salary in 2020?

Interested in knowing what your financial services salary could be in 2020 or what you should be paying your financial services team? The Robert Half Salary Guide offers the most up-to-date salaries and latest remuneration trends for financial services jobs in Singapore.

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Banking and financial services salary trends

Banking and financial services organisations in Singapore are pursuing a range of transformation initiatives, in response to mounting cost pressures, increased regulation, and industry disruption from FinTech firms.

Here are three key areas impacting Singapore banking and financial services trends:

1
Dealing with market forces - International companies are reducing or stabilising headcounts to cope with global market volatility.
2
Private banking expands its influence - Competition for private banking talent is expected to continue as high-net-worth individuals increasingly choose Singapore to manage their assets.
3
FinTech and fund administration dictate demand - Increasing collaboration between FinTechs and traditional finance firms is a key factor, as banks look to make inroads into digital and online-only services.

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