These are the best companies to work for in Singapore in 2024, according to LinkedIn.
Carlina Teteris | Instant | Getty Images
Banks dominate the top 5 best companies to work for in Singapore, according to LinkedIn’s list of the country’s best places to work in 2024.
“Commercial banking companies, from banks to insurance and digital payments, dominated the LinkedIn Top Companies 2024 in Singapore, comprising more than half of the top 15 (up from 5 in 2023),” Pooja Chhabria, LinkedIn’s Asia-Pacific editorial lead told CNBC Make It.
“This comes as no surprise as Singapore is a well-established financial hub in the region, characterized by stable regulatory frameworks and increasing adoption of digital banking services,” she said.
LinkedIn data evaluates various aspects of career progression. It classifies companies according to eight pillars: ability to progress, skills development, company stability, external opportunities, affinity with the company, gender diversity; training and presence of employees in the country.
The list, released on Wednesday, only includes companies that had at least 500 employees in Singapore at the end of 2023. Additionally, recruitment companies, educational institutions and government agencies were excluded from the list.
Here are the top five names on the LinkedIn 2024 list for Singapore:
1. DBS Bank
Sector: Banking
Company Size: 30,000+
Most notable skills: Commercial banking, criminal law, intellectual property
Most common job titles: business development officer, wealth manager, software engineer
Based in the city-state, the Development Bank of Singapore was established by the government in 1968 to help finance the young nation’s industrialization and urban development projects. It is now the largest bank in Southeast Asia, providing corporate banking and financial services. This is the third year in a row that DBS Bank has been listed among the top five companies to work for on LinkedIn in Singapore.
2. Schneider Electric
Industry: manufacturing, machinery, automation
Company Size: 100,000+
Most Notable Skills: Electrical Systems, Electronic Control Systems, Utilities, Instrumentation
Most common job titles: account manager, project manager
Founded almost two centuries ago in 1836, this French multinational is added to the list. Schneider Electric specializes in energy management and digital automation and offers solutions in sectors such as energy, infrastructure, etc.
3. Standard Chartered Bank
Sector: Banking
Company size: 80,000+
Most notable skills: commercial banking, capital markets, software development life cycle
Most common job titles: business analyst, business development manager, product team leader.
Standard Chartered Bank fell one notch to third place after being ranked second from 2021 to 2023. Established in 1969 in London, the international banking group offers treasury services as well as retail, corporate and institutional.
4. American Express
Sector: Financial services, banking
Company size: 70,000+
Most notable skills: travel management, commercial banking, sales leads
Most common job titles: relationship manager, data science manager, director
Another new addition to the list is American Express, founded in 1850 in Buffalo, New York. The global financial services company specializes in credit cards and offers products for consumers and businesses.
5. OCBC Bank
Sector: Financial services, banking
Company size: 15,000+
Most notable skills: Commercial banking, insurance, investment banking
Most Common Job Titles: Business Development Officer, Financial Advisor, Financial Planner
OCBC topped the list in 2021, ranked 4th in 2022, and disappeared from LinkedIn’s list last year. This year, the company regained a place in the top five. Founded in 1932, the Oversea-Chinese Banking Corporation is one of the three largest banking giants in the country. This multinational financial company offers services ranging from commercial banking to wealth management. Nearly 20% of his duties are on a hybrid schedule, according to LinkedIn.
While commercial banks dominated the list, the healthcare, pharmaceutical and biomedical sectors performed strongly with five companies in the top 15.
Pooja Chhabria
APAC Editorial Manager and LinkedIn Career Expert
Another rapidly growing sector in Singapore is healthcare.
Some healthcare companies top the list in Singapore:
6. Singlife (a subsidiary of Sumitomo Life Insurance Company)
7. Procter & Gamble
8. BD
9. Abbot
10. Master Card
11. Takeda
12. Rock
13. Global S&P
14. Alphabet Inc.
15. HSBC
“Interestingly, only six companies from last year retained their place on this year’s list, indicating significant turnover in the featured companies and suggesting that more companies are investing to attract top talent and help their employees create meaningful careers,” Chhabria told CNBC Make It.
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