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5 of the Most In-Demand Jobs in Singapore

Are you a finance graduate looking to break into the world of banking in Singapore? Earlier this week I came across an article on Yahoo outlining the Lion City’s best (and highest paid) careers and opportunities.

Long known as one of the finance capitals of Asia, Singapore is not just a magnet for the mega-rich, but it is a multicultural and vibrant platform, and the perfect place to commerce your career. Some of these roles require years of experience, but starting is easier when you have the end game in mind.

Many graduates struggle upon completing their degree as they are unsure of what opportunities are available or what they should do next. Reports like these, released by Randstad Singapore, provide a trajectory for possible long-term career goals as well as industry insights.

English remains the preferred language of business and finance in Singapore, meaning graduates from good UK universities will stand out in the recruitment crowd. So what are the top jobs?

• Investment Banking – Mergers and Acquisitions Advisory

According to the article, positions in investment banking units are opening up in international and regional banks due to financial institutions hoping to expand and amalgamate their power. They are open for both Associates to AVP level. Candidates are required to have a knowledge of regional markets and financial modelling skills, with 3 to 6 years’ worth of relevant work experience.

What you can earn: $80,000 to $180,000 per annum
 

• Compliance Anti-Money Laundering Manager

Compliance is one of Singapore’s most sought-after skillsets, unsurprising when you consider the region’s strict regulatory systems and ever expanding economy. According to Randstad Singapore, they’re looking for candidates at AVP level or higher and at least 6 years’ or more of experience in direct compliance.

What you can earn: $100,000 to $300,000 per annum, excluding bonuses.
 

• Trade Support and Settlements

Trade Support and Settlements is an emerging role across many banks and hedge fund firms.

Investment banking segment “to support a multitude of asset classes like derivatives, FX, equities and fixed income (FI).” Candidates should have 3-5 years of relevant experience.

What you can earn: $42,000 to $72,000 per annum, excluding bonuses
 

• Credit Risk Analysis

Randstad Singapore reports that there is a continuing need for credit risk analysis across soft hard commodities as well as there being an increase in hiring activities within agriculture commodities products. Traders with a comprehensive knowledge of business’ austerity measures and agriculture, as well as LPG traders with a solid network of contacts, are highly desirable.

What you can earn: $200,000 per annum, excluding bonuses.
 

• Contracting

There is a plethora of opportunities for contracting in Singapore as businesses take tighter control of costs and workers look to achieve a greater work/life balance. Popular contracting roles include those as project managers, accountants, settlement advisors and more. Despite trying times in the global economy, this is a position that perseveres and can offer a highly competitive wage.

What you can earn: Between $2,300 per month for entry-level roles, up to $12,000 per month for senior level roles.

Looking for a graduate position in Singapore? With strong links to local businesses, Gradlink can help you take your first step on the career ladder.