It’s now become a big trend in the local job market: employees from banks in Singapore are increasingly moving to Google as the tech giant ramps up its operations in the city state.
If you work in finance and want to become a Singagoogler (as the company rather awkwardly calls its local staff), the good news is that Google is targeting both technologists and front-office bankers (who can slot into strategy roles). And it’s got more than 150 Singapore-based jobs on its careers site right now – from YouTube music managers to machine learning software engineers.
But while the variety of jobs on offer at Google in Singapore may sound tempting, you’ll also want to know how much the tech firm pays, before you give up your lucrative banking career.
To give you a rough idea of how much you’re likely to earn at Google in Singapore, we examined the firm’s salary and bonus data on Glassdoor across four broad job functions that the website had sufficient data for. For consistency, we excluded low-range compensation for all these Google job sectors – so our figures (which are approximate rather than definitive) are for mid-level staff. Google categorises its employees into ‘levels’ – and mid-ranking engineers, for example, would roughly fall into levels four or five.
Google did not respond to a request to comment on its Singapore compensation.
How much are average salaries at Google in Singapore?
If you’re a developer at a bank, you’ll probably be applying for software engineering jobs at Google. Mid-level engineers at the tech firm enjoy average annual base salaries of S$198k. This compares well with the banking sector. A VP-level front-end software developer at a bank in Singapore earns about S$134k, according to our 2019 banking tech pay table, which was compiled from recruiter surveys.
As we reported last month, Google is particularly keen on hiring cloud engineers from banks for its Google Cloud unit in Singapore. The salary gap isn’t as big in this specialist field – banks pay their cloud-focused VPs S$180k (compared with Google’s S$198k).
Google ranked third overall for offering ‘competitive salaries’ (it was only marginally behind Goldman Sachs and JP Morgan) in a 2018 eFinancialCareers survey of finance and tech employers in Singapore and Hong Kong.
But Google is less competitive when it comes to paying its Singapore-based business development managers/analysts. They take home salaries of about S$133k a year, which is S$17k less than a VP in a similar function at a bank would earn.
Google in Singapore pays better bonuses to mid-level business development and product professionals (S$33k and S$26k, respectively) than it does to its senior software engineers (S$12k).
It’s not just about the money, though. Employees at banks are often tempted to join Google because of its reputation for offering a relaxed working culture and a funky office environment. Google opened a sprawling new APAC headquarters in Pasir Panjang in late 2016. The campus-style office, designed as a mini version of the Googleplex in Mountain View, features hipster cafes, massage rooms and Lego-playing desks.
Average (mid-level) annual salaries and bonuses at Google in Singapore
Image credit: SpVVK, Getty
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