Home > Salary > Singapore > Retail Banker
A retail banker is a professional who works in a bank or financial institution and primarily deals with individual clients. Their main responsibility is to assist customers with their banking needs and provide them with various financial services. They handle tasks such as opening new accounts, processing transactions, managing loans and mortgages, and providing advice on investment options and insurance products. Retail bankers also play a crucial role in building and maintaining customer relationships by understanding their financial goals and offering personalized solutions.
Estimated Yearly Salary: 83,684 SGD
Estimated Monthly Salary: 6,974 SGD
Estimated Weekly Salary: 1,609 SGD per week
Estimated Hourly Salary: 40 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,714 SGD
Estimated Weekly Salary: 1,549 SGD per week
Estimated Hourly Salary: 39 SGD per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 41,774 USD
Estimated Monthly Salary: 3,481 USD
Estimated Weekly Salary: 803 USD per week
Estimated Hourly Salary: 20 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: 83,684 SGD
Estimated Monthly Salary: 6,974 SGD
Estimated Weekly Salary: 1,609 SGD per week
Estimated Hourly Salary: 40 SGD per hour
By working as Retail Banker a person can save up to 793 USD per month or 9,518 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 Retail Banker
Last revision of data: 2025-01-04
Data as of 2025
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Retail Banker salary in Singapore
Average Yearly Salary of Retail Banker in Singapore is approximately 83,684 SGD (41,774 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 Retail Banker do?
A retail banker is a professional who works in a bank or financial institution and primarily deals with individual clients. Their main responsibility is to assist customers with their banking needs and provide them with various financial services. They handle tasks such as opening new accounts, processing transactions, managing loans and mortgages, and providing advice on investment options and insurance products. Retail bankers also play a crucial role in building and maintaining customer relationships by understanding their financial goals and offering personalized solutions.
Skills: retail banker, banking services, financial advisor, customer relationship management, account management, financial products
Job industry: Banking
Job industry: Banking
How much does Retail Banker make?
Salary details
How much does Retail Banker make?Estimated Yearly Salary: 83,684 SGD
Estimated Monthly Salary: 6,974 SGD
Estimated Weekly Salary: 1,609 SGD per week
Estimated Hourly Salary: 40 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 80,572 SGDEstimated Monthly Salary: 6,714 SGD
Estimated Weekly Salary: 1,549 SGD per week
Estimated Hourly Salary: 39 SGD per hour
Last revision of data: 2024-01-09Retail Banker estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 41,774 USD
Estimated Monthly Salary: 3,481 USD
Estimated Weekly Salary: 803 USD per week
Estimated Hourly Salary: 20 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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Country:
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 Retail Banker job salary compared to average salary in Singapore.
Comparison shows that a person working as Retail Banker in Singapore earns on average:
0.88 times the average salary (or 88% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Retail Banker job salary compared to average salary in Singapore.
Comparison shows that a person working as Retail Banker in Singapore earns on average:
0.88 times the average salary (or 88% of average salary).
Is Retail Banker a well paid job?
Yes, our data show that Retail Banker is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Retail Banker?
High salary for Retail Banker would be somewhere between 92,052 SGD and 121,342 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Retail Banker 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: 83,684 SGD
Estimated Monthly Salary: 6,974 SGD
Estimated Weekly Salary: 1,609 SGD per week
Estimated Hourly Salary: 40 SGD per hour
By working as Retail Banker a person can save up to 793 USD per month or 9,518 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 Retail Banker
Malaysia is 11,012 USD
Indonesia is 6,576 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.)
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5. Neurosurgeon
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7. Oncologist
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Data as of 2025Random salary:
Vice chairman (256,564 SGD per year, pre-tax.)
Veterinary technologist technician (74,712 SGD per year, pre-tax.)
Geographic information systems (gis), analyst (94,423 SGD per year, pre-tax.)
Produce team leader (99,777 SGD per year, pre-tax.)
Circulation manager newspaper (95,222 SGD per year, pre-tax.)
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