If you’ve been bitten by the data scientist bug and have been following Data Science news lately, you might have come across this article on Forbes which talks about the rise of Data Scientists and the growth in demand for data scientists.
In addition to a good salary, data scientists also have many perks that come with their job like flexible work hours and a casual dress code. They also get to travel frequently as part of their job and enjoy a great work-life balance because they do not have to spend much time commuting or commuting long distances each day. This article also examine senior data scientist salary in singapore, entry level data scientist salary singapore.
Data Scientist Salary In Singapore
A person working as a Data Scientist in Singapore typically earns around 13,400 SGD per month. Salaries range from 6,300 SGD (lowest) to 21,200 SGD (highest).
This is the average monthly salary including housing, transport, and other benefits. Data Scientist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
The median, the maximum, the minimum, and the range
Salary Range
Data Scientist salaries in Singapore range from 6,300 SGD per month (minimum salary) to 21,200 SGD per month (maximum salary).
Median Salary
The median salary is 14,200 SGD per month, which means that half (50%) of people working as Data Scientist(s) are earning less than 14,200 SGD while the other half are earning more than 14,200 SGD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Data Scientist(s) are earning less than 9,230 SGD while 75% of them are earning more than 9,230 SGD. Also from the diagram, 75% of Data Scientist(s) are earning less than 18,700 SGD while 25% are earning more than 18,700 SGD.
Data Scientist Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Data Scientist salaries by experience level and this is what we found.
A Data Scientist with less than two years of experience makes approximately 7,270 SGD per month.
While someone with an experience level between two and five years is expected to earn 10,000 SGD per month, 38% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 14,300 SGD per month, 42% more than someone with two to five years of experience.
“ On average, a person’s salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
* Based on the average change in salary over time. Salary variations differ from person to person.
Additionally, Data Scientist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 17,400 SGD per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 18,300 SGD per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 20,000 SGD per month, 9% more than people with fifteen to twenty years of experience.
Data Scientist average salary change by experience in Singapore
| 0 – 2 Years | 7,270 SGD | |
| 2 – 5 Years | +38% | 10,000 SGD |
| 5 – 10 Years | +42% | 14,300 SGD |
| 10 – 15 Years | +22% | 17,400 SGD |
| 15 – 20 Years | +6% | 18,300 SGD |
| 20+ Years | +9% | 20,000 SGD |
Percentage increase and decrease are relative to the previous value
Data Scientist Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Data Scientist(s) who have the same experience but different education levels.
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Data Scientist salaries by education level in order to make a comparison.
When the education level is Bachelor’s Degree, the average salary of a Data Scientist is 9,270 SGD per month.
While someone with a Master’s Degree gets a salary of 14,300 SGD per month, 55% more than someone having a Bachelor’s Degree degree.
A PhD gets its holder an average salary of 19,100 SGD per month, 33% more than someone with a Master’s Degree.
Data Scientist average salary difference by education level in Singapore
| Bachelor’s Degree | 9,270 SGD | |
| Master’s Degree | +55% | 14,300 SGD |
| PhD | +33% | 19,100 SGD |
Percentage increase and decrease are relative to the previous value
Is a Master’s degree or an MBA worth it? Should you pursue higher education?
A Master’s degree program or any post-graduate program in Singapore costs anywhere from 42,200 Singapore Dollar(s) to 127,000 Singapore Dollar(s) and lasts approximately two years. That is quite an investment.
You can’t really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Data Scientist Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Data Scientist employees in Singapore earn 6% more than their female counterparts on average.
| Male | 13,800 SGD | |
| Female | -5% | 13,000 SGD |
Percentage increase and decrease are relative to the previous value
Data Scientist Average Annual Salary Increment Percentage in Singapore
How much are annual salary increments in Singapore for Data Scientist(s)? How often do employees get salary raises?
Data Scientist
Data Scientist(s) in Singapore are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
entry level data scientist salary singapore
The average salary for a Junior Data Scientist is $5037 per month in Singapore.
senior data scientist salary in singapore
The average salary for a Senior Data Scientist is $8000 per year in Singapore, Singapore.
