Tech and finance jobs in strong demand for 2024 in Singapore

Top jobs in demand for 2023 and 2024 include finance, ICT, health and social services and professional services, say Singapore job experts.
By: | January 4, 2024

Singapore is seeing a strong demand for jobs in fields such as technology and finance in 2024 as data released by the Ministry of Manpower has shown.

Amongst professionals, some of the top jobs in demand are in software, web and multimedia development as of September 2023, said data on job vacancies released late last week. Other jobs in demand include data scientists, grouped as the second highest in demand within the information and communications technology (ICT) sector. Across managerial roles, the country is seeing a demand in business and sales sectors.

Chew Siew Mee, Managing Director of Jobstreet by SEEK, cited ICT, engineering as well as banking and finance sectors topped the charts for the highest number of job postings on its platform in 2023.

There is an indication that jobs in technology will continue to see great demand in 2024.

 “Given the local government’s recent SG$3.3 billion (US$2.42 billion) investment in infocomms technology as well as the cumulative $16 billion (US$12.04 billion) investment over the last five years, we are anticipating the employment landscape to continue its strong tech focus with AI being an unmissable topic across all industries,” said Chew.

Associate Professor Wu Pei Chuan from the Department of Management and Organisation at the National University of Singapore’s Business School called the data unsurprising. She called the four main growth sectors (ICT, health and social services, professional services as well as financial services) as expected to see a high job demand “because they are more in line with the forecasts of the government and the key areas they are looking to invest in”.

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But she also stressed that while the jobs in demand are unlikely to see major change in the coming year, the job scope and skills required are constantly evolving. “While technical skills are important to help land a good job, soft skills, agility and a willingness to learn are what will build a secure future,” she concluded, reported the Straits Times.