Software salaries in Singapore surge 22% amid wave of venture capital investment

IT Pro

A surge in venture capital investment across Singapore has seen the average salary for software engineering roles increase by 22% since the start of 2021, a new report has found.

The war for tech talent has driven salaries to an all-time high, according to a report from NodeFlair and Quest Ventures, published earlier this month. It analysed over 30,000 salary data points and shared a detailed breakdown of how tech talents are paid in the state.

The salaries for software engineers increased the most by 22%, while it increased as much as 32% for more experienced roles like lead software engineers.

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