Home > Salary > Singapore > Underwriter Business Banking
An underwriter in business banking is responsible for assessing and evaluating loan applications and creditworthiness of businesses. They analyze financial statements, cash flow projections, market trends, and risk factors to determine the viability of lending to a company. Underwriters also review collateral and ensure compliance with lending policies and regulations. They communicate with clients, gather necessary documentation, and provide recommendations for loan approval or denial. Additionally, underwriters monitor existing loans, assess potential risks, and make recommendations for modifications or renewals. This role requires strong analytical skills, attention to detail, and knowledge of financial markets and lending practices.
Estimated Yearly Salary: 169,724 SGD
Estimated Monthly Salary: 14,144 SGD
Estimated Weekly Salary: 3,264 SGD per week
Estimated Hourly Salary: 82 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,673 SGD
Estimated Weekly Salary: 3,155 SGD per week
Estimated Hourly Salary: 79 SGD per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 84,723 USD
Estimated Monthly Salary: 7,060 USD
Estimated Weekly Salary: 1,629 USD per week
Estimated Hourly Salary: 41 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 169,724 SGD
Estimated Monthly Salary: 14,144 SGD
Estimated Weekly Salary: 3,264 SGD per week
Estimated Hourly Salary: 82 SGD per hour
By working as Underwriter Business Banking a person can save up to 4,372 USD per month or 52,467 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 Underwriter Business Banking
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Business Banking salary in Singapore
Average Yearly Salary of Underwriter Business Banking in Singapore is approximately 169,724 SGD (84,723 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 Underwriter Business Banking do?
An underwriter in business banking is responsible for assessing and evaluating loan applications and creditworthiness of businesses. They analyze financial statements, cash flow projections, market trends, and risk factors to determine the viability of lending to a company. Underwriters also review collateral and ensure compliance with lending policies and regulations. They communicate with clients, gather necessary documentation, and provide recommendations for loan approval or denial. Additionally, underwriters monitor existing loans, assess potential risks, and make recommendations for modifications or renewals. This role requires strong analytical skills, attention to detail, and knowledge of financial markets and lending practices.
Skills: underwriter, business banking, credit analysis, risk assessment, financial analysis, loan approval.
Job industry: Banking
Job industry: Banking
How much does Underwriter Business Banking make?
Salary details
How much does Underwriter Business Banking make?Estimated Yearly Salary: 169,724 SGD
Estimated Monthly Salary: 14,144 SGD
Estimated Weekly Salary: 3,264 SGD per week
Estimated Hourly Salary: 82 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 164,076 SGDEstimated Monthly Salary: 13,673 SGD
Estimated Weekly Salary: 3,155 SGD per week
Estimated Hourly Salary: 79 SGD per hour
Last revision of data: 2024-01-05Underwriter Business Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 84,723 USD
Estimated Monthly Salary: 7,060 USD
Estimated Weekly Salary: 1,629 USD per week
Estimated Hourly Salary: 41 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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 Underwriter Business Banking job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter Business Banking in Singapore earns on average:
1.78 times the average salary (or 178% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Business Banking job salary compared to average salary in Singapore.
Comparison shows that a person working as Underwriter Business Banking in Singapore earns on average:
1.78 times the average salary (or 178% of average salary).
Is Underwriter Business Banking a well paid job?
Yes, our data shows that Underwriter Business Banking 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 Underwriter Business Banking?
High salary for Underwriter Business Banking would be somewhere between 186,696 SGD and 246,100 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Business Banking 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: 169,724 SGD
Estimated Monthly Salary: 14,144 SGD
Estimated Weekly Salary: 3,264 SGD per week
Estimated Hourly Salary: 82 SGD per hour
By working as Underwriter Business Banking a person can save up to 4,372 USD per month or 52,467 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 Underwriter Business Banking
Malaysia is 22,514 USD
Indonesia is 13,322 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
(1,091,467 SGD per year, pre-tax.)
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7. Oncologist
(1,067,130 SGD per year, pre-tax.)
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Data as of 2025Random salary:
Sap integration architect (343,081 SGD per year, pre-tax.)
Restaurant manager (71,634 SGD per year, pre-tax.)
Systems architect (309,106 SGD per year, pre-tax.)
Pediatrics nurse practitioner (np) (249,415 SGD per year, pre-tax.)
Quality assurance compliance specialist (209,490 SGD per year, pre-tax.)
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