Home > Salary > Singapore > Banking Analyst
A banking analyst is a financial professional who specializes in evaluating and analyzing the performance of banks and financial institutions. They are responsible for conducting research, gathering data, and preparing reports on various aspects such as financial statements, market trends, risk assessment, and investment opportunities. Banking analysts also monitor regulatory compliance, assess creditworthiness, and provide recommendations to senior management or clients.
The role of a banking analyst requires strong analytical skills, attention to detail, and proficiency in financial modeling and data analysis. They must stay updated with industry trends, economic developments, and regulatory changes that may impact the banking sector. Effective communication and presentation skills are essential for conveying complex financial information to stakeholders.
Estimated Yearly Salary: 186,796 SGD
Estimated Monthly Salary: 15,566 SGD
Estimated Weekly Salary: 3,592 SGD per week
Estimated Hourly Salary: 90 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 15,016 SGD
Estimated Weekly Salary: 3,465 SGD per week
Estimated Hourly Salary: 87 SGD per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 93,434 USD
Estimated Monthly Salary: 7,786 USD
Estimated Weekly Salary: 1,797 USD per week
Estimated Hourly Salary: 45 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 186,796 SGD
Estimated Monthly Salary: 15,566 SGD
Estimated Weekly Salary: 3,592 SGD per week
Estimated Hourly Salary: 90 SGD per hour
By working as Banking Analyst a person can save up to 5,098 USD per month or 61,178 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Banking Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Long term care nursing supervisor (107,776 SGD per year, pre-tax.)
Hedge fund manager (243,211 SGD per year, pre-tax.)
Data conversion analyst (155,286 SGD per year, pre-tax.)
Cyber security engineer (260,061 SGD per year, pre-tax.)
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Banking Analyst salary in Singapore
Average Yearly Salary of Banking Analyst in Singapore is approximately 186,796 SGD (93,434 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Banking Analyst do?
A banking analyst is a financial professional who specializes in evaluating and analyzing the performance of banks and financial institutions. They are responsible for conducting research, gathering data, and preparing reports on various aspects such as financial statements, market trends, risk assessment, and investment opportunities. Banking analysts also monitor regulatory compliance, assess creditworthiness, and provide recommendations to senior management or clients.
The role of a banking analyst requires strong analytical skills, attention to detail, and proficiency in financial modeling and data analysis. They must stay updated with industry trends, economic developments, and regulatory changes that may impact the banking sector. Effective communication and presentation skills are essential for conveying complex financial information to stakeholders.
Skills: Banking, Financial Analysis, Risk Assessment, Investment Opportunities, Regulatory Compliance, Financial Modeling
Job industry: Finance
Job industry: Finance
How much does Banking Analyst make?
Salary details
How much does Banking Analyst make?Estimated Yearly Salary: 186,796 SGD
Estimated Monthly Salary: 15,566 SGD
Estimated Weekly Salary: 3,592 SGD per week
Estimated Hourly Salary: 90 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 180,190 SGDEstimated Monthly Salary: 15,016 SGD
Estimated Weekly Salary: 3,465 SGD per week
Estimated Hourly Salary: 87 SGD per hour
Last revision of data: 2024-01-06Banking Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 93,434 USD
Estimated Monthly Salary: 7,786 USD
Estimated Weekly Salary: 1,797 USD per week
Estimated Hourly Salary: 45 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Banking Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Banking Analyst in Singapore earns on average:
1.96 times the average salary (or 196% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Banking Analyst job salary compared to average salary in Singapore.
Comparison shows that a person working as Banking Analyst in Singapore earns on average:
1.96 times the average salary (or 196% of average salary).
Is Banking Analyst a well paid job?
Yes, our data shows that Banking Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Banking Analyst?
High salary for Banking Analyst would be somewhere between 205,476 SGD and 270,854 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Banking Analyst in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 186,796 SGD
Estimated Monthly Salary: 15,566 SGD
Estimated Weekly Salary: 3,592 SGD per week
Estimated Hourly Salary: 90 SGD per hour
By working as Banking Analyst a person can save up to 5,098 USD per month or 61,178 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Banking Analyst
Malaysia is 24,613 USD
Indonesia is 14,718 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Singapore
(1,400,313 SGD per year, pre-tax.)
2. Cardiologist
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)
Data as of 2025Random salary:
Long term care nursing supervisor (107,776 SGD per year, pre-tax.)
Hedge fund manager (243,211 SGD per year, pre-tax.)
Data conversion analyst (155,286 SGD per year, pre-tax.)
Cyber security engineer (260,061 SGD per year, pre-tax.)
Team manager (134,776 SGD per year, pre-tax.)
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