Cracking the Salary Code: The 3 Key Factors that Determine Your Salary in Singapore

August 12, 2023

Cracking the Salary Code: The 3 Key Factors that Determine Your Salary in Singapore

Is Your Salary Determined by Your Age, Qualification or Experience? Debunking the Myths
The Power Trio: How These Factors Shape Your Salary Story

When’s your salary expectation?” A question that often leaves candidates and employees contemplating their response. More often than not, people tend to quote the higher end of the salary range, expecting negotiations to bring it down. However, presenting an arbitrary number might lead employers to dismiss the request or offer the lowest possible rate.

Of the three influential factors – Age, Qualification, and experience – which carries more weight when it comes to determining your salary?

In the ever-evolving landscape of careers and compensation, the factors influencing salary calculations have shifted from the conventional norms. As job markets adapt to changing demands and technologies reshape industries, the traditional trifecta of age, qualification, and experience as sole determinants of salary is undergoing a significant transformation. Let’s delve into how these factors play out in today’s dynamic professional world.

Age: A Historical Metric, But Not the Ultimate Decider

Historically, age served as a benchmark for salary determination. It was assumed that as years accumulated, so did expertise, leading to higher compensation. Yet, the paradigm has shifted. In a world where technological advancements reshape industries in just a few years, age no longer dictates a linear progression of skills and knowledge. The focus has shifted from age to skills and adaptability.

Today, companies are more interested in what you can bring to the table right now. If you possess the skills and competencies demanded by the role, your age becomes secondary. This shift has made room for younger individuals with advanced skills to command salaries that previously would have been reserved for more experienced candidates.

At Aventis graduate school, we offer an extensive suite of Masters degree and graduate diploma qualification to help mid career professionals acquire the skills and credentials they need to explore new careers or gain advanced management skills like our flagship MBA programme which can be completed in just 10 months part-time.

Qualification: The Need to move beyond your Degree

Elevating Your Career, the Importance of Upgrading Beyond Your Bachelor’s Degree to a Postgraduate Qualification. While a bachelor’s degree provides foundational knowledge, a postgraduate qualification allows you to diversify your skillset. This diversification is especially valuable as industries increasingly demand cross-functional expertise. For example, a postgraduate qualification in business administration can empower an engineer to take on managerial roles, leveraging both technical acumen and business acuity.

Employers seek professionals who are not just equipped for current job roles, but who can anticipate and adapt to future challenges. A postgraduate qualification showcases your commitment to staying updated and relevant in your industry. It signals to employers that you possess the advanced skills needed to contribute effectively and drive innovation.

This shift is aligned with the need for employees to stay updated in a rapidly evolving job market. With roles emerging in fields that were unheard of a decade ago, qualifications are no longer confined to a degree but extend to continuous learning and upskilling.

Experience: From Tenure to Relevance

Experience remains invaluable, but its role has transformed. Gone are the days when tenure was the primary determinant of salary. Today, relevant experience that aligns with the job’s demands carries more weight. Employers seek practical, hands-on involvement in projects that demonstrate your ability to apply knowledge in real-world scenarios.

Moreover, career pivots are becoming more common, as individuals explore new roles and industries. While switching careers might result in a temporary salary reduction, transferable skills and demonstrated abilities can still contribute to competitive salary offers.

The Synthesis of Age, Qualification, and Experience

In reality, these three factors are not isolated, but interwoven. Rather than focusing solely on age, employers consider the confluence of qualification, experience, and skills. A younger individual with exceptional skills and relevant experience might command a higher salary than someone older but less equipped for the role.

In conclusion, the modern salary calculation equation is a nuanced blend of age, qualification, and experience, with skills acting as the glue that binds them together. The evolving job landscape demands adaptability, continuous learning, and a proactive approach to upskilling. Rather than relying on age and traditional qualifications, individuals who focus on acquiring relevant skills and applying them effectively are poised to thrive in today’s competitive job market.


As we navigate the ever-changing career landscape, remember that while age, qualification, and experience certainly contribute to salary determination, it’s your skills and their relevance that truly set you apart and define your earning potential.

In a world driven by innovation and complexity, upgrading beyond your bachelor’s degree to a postgraduate qualification is an investment in yourself and your future. It’s a statement that you’re committed to excellence, continuous learning, and remaining at the forefront of your field. Whether you’re seeking to advance in your current role, switch industries, or step into leadership positions, a postgraduate qualification equips you with the tools and knowledge needed to excel. As the professional landscape continues to evolve, your postgraduate qualification becomes your passport to success in a dynamic world.

About Aventis Graduate School

Aventis is a Global Graduate School, headquartered in Singapore with more than 60,000 learners across the world. Established since 2007, Aventis collaborates with leading universities across the United Kingdom and the United States to deliver best in class graduate education for working professionals across Asia. Aventis offers an exciting suite of business programmes including Graduate Diploma in Business Analytics & Data Storytelling, Master of Science in Cyber Security, Graduate Diploma in Cognitive Psychology & Mental HealthGraduate Diploma In Business Sustainability & Environment, Social And Governance (ESG), Graduate Diploma in Organizational Psychology, Master of Science in Global Financial Management.

Join over 3,000 Successful graduates. 

Embark on your learning journey with us today, find out more at Save on Programme fees with referral and enjoy up to $1,000* savings when you invite your colleagues to join you!

Open chat
Chat with us if you have any questions about our program.