Singapore salaries in consulting and tech see 27% jump

Consulting & Strategy and Science & Technology roles recorded a 27% jump in median pay between 2024 and 2025.

Median salaries in Singapore’s consulting and tech sectors have seen significant increases, outpacing inflation by a wide margin.

According to Jobstreet platform data, Consulting & Strategy and Science & Technology roles recorded a 27% jump in median pay between 2024 and 2025.

These gains far exceed the country’s 2024 headline inflation rate of 2.4%, with 2025 inflation projected to range between 1.5% and 2.5%.

Other industries that posted strong year-on-year median salary growth include Information & Communication Technology (20%), Legal (19%), and Banking & Financial Services (16%). 

Despite these outliers, only 15% of employers overall said their salary increments kept up with inflation, raising concerns about real wage stagnation for many workers.

Pay disparities are also evident at the entry level. Starting salaries for fresh graduates range from $3,500 to $4,650, representing a gap of up to $1,200 per month. Graduates entering Banking & Financial Services receive the highest median pay, followed by those in Healthcare, Marketing, Sales, and Insurance.

In a shift from common assumptions, small and medium enterprises are offering higher median salaries than corporates in several industries.

Notable differences include 11% more in Insurance & Superannuation, 10% in Trades & Services, 9% in Hospitality & Tourism, and 6% in Consulting & Strategy.

Hiring activity remains strong in Q1, particularly in Sales, Accounting, and Engineering. However, Jobstreet noted that high job ad volume does not necessarily correlate with higher salaries. Roles like Admin Support and Accounts Assistant remain in high demand but offer comparatively lower pay.