Risk management, business valuation among highest paying roles: ISCA

These roles exceed the national media salary of $4,500.

Two accounting-related roles—the risk management manager and the business valuer—rank among the top five highest-paying positions in higher-level occupations, according to the Institute of Singapore Chartered Accountants (ISCA).

This is based on the analysis of 58 professional and managerial occupations, consisting of eight accounting-related and 50 adjacent occupations.

In its Snippets Revelations Series, the ISCA found that salaries for all eight accounting-related occupations exceed the national median salary for full-time employed residents of $4,500. The report is a collaboration between ISCA's Salary and Career Review Taskforce and The Singapore Management University. 

Meanwhile, when comparing the salaries of these eight accounting-related occupations to adjacent roles, six of these accounting positions ranked within the top 25.

The findings highlight the strong overall earnings potential of accounting-related occupations relative to the adjacent occupations examined.

In addition, ISCA examined the earnings potential of mid-career accounting professionals by analyzing the salaries of full-time resident employees aged 40 to 49.

Among accounting-related occupations, professionals aged 40 to 49 earn 45% more than those aged 30 to 39, a difference larger than the 27% seen in adjacent occupations.

Among full-time resident employees working as budgeting and financial accounting managers, salaries are highest in the financial and insurance services industry ($10,500), followed by the information and communications industry ($10,479).

Among full-time resident employees working as accountants (excluding tax accountants), salaries are highest in the information and communications industry ($7,609), followed by the real estate services industry ($6,080).