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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?

occupation personasAn 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


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: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 164,076 SGD
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



Underwriter 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 up arrow 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.

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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).

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 USDdown arrow 73%
Details on Underwriter Business Banking salary in Malaysia
Indonesia is 13,322 USDdown arrow 84%
Details on Underwriter Business Banking salary in Indonesia
Last revision of data: 2025-01-04

Salary 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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Singapore

(1,400,313 SGD per year, pre-tax.)
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
(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 2025

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