SG-based startup CEOs earn more than SEA counterparts: report

Singaporean CEOs of startups in the $11m-$50m funding stage earn 3.1x more.

Startup CEOs based in Singapore earn more than their counterparts in Southeast Asia, data from Glints and Monk’s Hill Ventures (MHV) revealed.

In their “Southeast Asia Startup Talent Trends Report 2024,” Glints and MHV reported that there had been a significant increase in the compensation gap between Singapore-based and non-Singapore-based CEOs of startups at the $11m-$50m funding stage.

Singaporean CEOs of startups in the $11m-$50m funding stage now earn 3.1x more, up from the 2.1x gap in the last analysis.

The base monthly salary of Singapore-based CEOs of startups at the $11m-$50m funding stage ranges from US$19,000-US$20,000, whilst non-SG-based CEOs earn US$5,700-US$6,700.

At the $0m-$5m funding stage, Singapore-based CEOs earn approximately 1.7x more than their counterparts outside Singapore. The base monthly salary for SG and non-SG-based CEOs for startups at the $0m-$5m funding stage ranges from US$6,300-US$7,500 and US$3,500-US$4,500, respectively.

Meanwhile, Singaporean CEOs of startups at the $6M-10M funding stage earn 1.4x more.
For comparison, the base monthly salary of SG CEOs ranges from US$7,300-US$8,300, whilst non-SG-based CEOs earn US$5,000-US$6,300.

Generally, startup salaries dampened in 2023. In Singapore, whilst market salaries are growing, it is moving slower due to greater demand for mid and senior talent than supply available.

Overall, startup salaries increased by 5% in Singapore.

For senior roles, salaries increased 5%. Meanwhile, junior and mid-level salaries rose 3% and 8%, respectively.

Follow the link for more news on

Monk's Hill Ventures

singapore startup economy

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia