Tester in Finance Technology Salary in Singapore

Tester in Finance Technology Salary in Singapore.

How much does a Tester in Finance Technology earn in Singapore?

The salary level for a Tester in Finance Technology in Singapore, according to a survey by Hays for 2010, ranges from SD$70K to SD$95K.

According to Hays, there is a serious increase of demand for senior level Finance Technology professionals in Singapore, with the recovery from the worldwide financial crisis.

“Many global banking and financial employers are conducting aggressive talent acquisitions. The hiring patterns align with strategic moves to invest further in Singapore due to lower technology costs, organisational mergers and expansion into new lines of banking assets.

With Singapore’s healthy finance technology recruitment market, favourable time zone, political stability and infrastructural capabilities, the major banks have favoured Singapore as their regional hub for application support and the nerve centre for their data farms that host UNIX, Wintel, Mainframes and Databases.

The major programmes across top tier financial and investment banks have provided many permanent and fixed term contract roles, particularly in the areas of project related technology heads, development, production support, engineering and business analysis. The infrastructure domain has also seen an increase in AVP to VP level hires as the banks gear up to support these new initiatives. Some other key areas include Grid Computing, Capacity Planning, Network Infrastructure, Service Delivery and various Infrastructure Management positions as well as Database engineering and architectural related positions.

In 2009 salaries increased between 10 and 15 per cent due to conservative remuneration benchmarking. However, there are exceptions where salaries have increased up to 30 per cent to attract exceptional talent usually from the international talent pool. These employees will steer the organisations’ strategic visions and technology agendas.

Recruitment activity will continue to increase throughout 2010 as various projects enter phase one and two, with support roles seeing a similar trend as infrastructure readiness comes into place. Dictated by demand, more niche technologies are expected to flow into Singapore. This will be spurred by economic growth as the country moves towards a top tier Asia Financial Technology Hub. As a direct result recruitment strategies will be aimed at professionals found in mature markets such as Europe, America, Australia and India.”

From all of us at Singapore Business Review Magazine, good luck getting that Tester in Finance Technology job or in getting a raise to the right Tester in Finance Technology salary.

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