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SINGAPORE: A brand new research reveals that Singapore is the very best nation for senior product managers and start-up CEOs to work in Southeast Asia. The salaries for these positions in Singapore are thrice that of different nations within the area.
Junior challenge managers earn a base wage between US$3,000 (S$4,030) and US$4,4000 (S$5,900) per thirty days, whereas the bottom wage of mid-level challenge managers is between US$4,700 (S$6,300) and US$6,000 (S$8,000).
Senior product managers earn a month-to-month base wage starting from US$8,000 (S$10,750) to US$14,200 (S$19,080).
CEOs earn a base month-to-month wage between US$19,000 (S$25,500) and US$20,000 (S$26,900). Nonetheless, these not based mostly in Singapore earn a month-to-month base wage between US$5,700 (S$7,600)and US$6,700 (S$9,000).
The just lately launched Southeast Asia Startup Expertise Traits Report 2024 from Glints and Monk’s Hill Ventures (MHV) reveals that in comparison with senior product managers in Indonesia, these in Singapore earn as much as 3.3 occasions extra.
In comparison with senior product managers in Vietnam, these in Singapore earn as much as 2.2 occasions extra.
In 2023, amongst tech jobs in Southeast Asia, product managers had a median improve of 27 per cent, the best increment.
Nonetheless, throughout all markets, salaries tended to remain unchanged. The report mentioned this was because of the streamlining of start-up product roles and a market correction.
Nonetheless, the report reveals that skilled product managers proceed to be in demand due to an emphasis on “user-centric product improvement tailor-made to particular market wants.”
As for the CEOs of start-ups, these based mostly in Singapore are equally doing very nicely in comparison with these in different Southeast Asian nations.
The report says that the hole within the compensation between CEOs of startups on the $11 million to $50 million funding stage of these based mostly in Singapore and people based mostly in different nations has risen considerably.
When the information was final analyzed, the hole was at 2.1 occasions.
At current, the CEOs of startups on the $11 million to $50 million funding stage who’re based mostly in Singapore are incomes 3.1 occasions greater than their counterparts based mostly in different Southeast Asian nations.
The report additionally mentioned that the CEOs of start-ups based mostly in Singapore on the $6 million to $10 million funding stage are bringing residence salaries 1.4 occasions greater than their regional friends.
The salaries at start-ups have been rising, with these junior roles receiving 3 per cent extra final 12 months and people on the mid-level getting 8 per cent extra. These in senior roles have obtained a 5 per cent bump in wage, SBR says. /TISG
Learn additionally: 13% Singapore firms have girls CEOs, one of many world’s highest numbers
The submit Singapore challenge managers and start-up CEOs are paid 3X greater than Southeast Asia friends appeared first on The Unbiased Singapore Information – Newest Breaking Information
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