Banks dominate top 5 best companies to work for in Singapore, according to survey LinkedIn announces 2024 list of the nation’s best places to work.
“Commercial banking companies ranging from banks to insurance and digital payments dominate LinkedIn Singapore’s top companies in 2024, accounting for more than half of the top 15 companies (up from just 5 in 2023)” Pooja Chhabria, LinkedIn Asia Pacific editorial director told CNBC Make It.
“This is not surprising as Singapore is an established financial center in the region, characterized by a stable regulatory framework and increasing digital banking adoption,” she said.
LinkedIn’s data evaluates every aspect of career development. It ranks companies based on eight pillars: ability to advance, skill growth, company stability, external opportunities, company affinity, gender diversity; educational background and employee presence in the country.
The list released on Wednesday only includes companies with at least 500 employees in Singapore as of the end of 2023.
Here are the top five names on LinkedIn’s Singapore 2024 list:
1. DBS Bank
Industry: Banking
Company size: 30,000+
Most notable skills: Commercial banking, criminal law, intellectual property
Most common positions: Business development chief, wealth manager, software engineer
2. Schneider Electric
Industry: Manufacturing, machinery, automation
Company size: 100,000+
Most noteworthy skills: Power Systems, Electronic Control Systems, Utilities, Instrumentation
Most common positions: Account manager, project manager
The French multinational company, founded nearly two centuries ago in 1836, is a new addition to the list. Schneider Electric focuses on energy management and digital automation, and provides solutions across fields such as energy and infrastructure.
3. Standard Chartered Bank
Industry: Banking
Company size: 80,000+
Most noteworthy skills: Commercial banking, capital markets, software development life cycle
Most common job titles: Business Analyst, Business Development Officer, Product Team Manager
4. American Express
Industry: Financial Services, Banking
Company size: 70,000+
Most noteworthy skills: Travel management, business banking, sales leads
Most common job titles: Relationship manager, data science manager, director
Another new addition to the list is American Express was founded in Buffalo, New York, in 1850. The global financial services company specializes in credit cards and provides products to consumers and businesses.
5. Oversea-Chinese Banking Corporation
Industry: Financial Services, Banking
Company size: 15,000+
Most notable skills: Commercial banking, insurance, investment banking
Most common positions: Business development chief, financial advisor, financial planner
OCBC topped the list in 2021, ranked fourth in 2022, and fell off LinkedIn’s list last year. This year, the company is back in the top five. OCBC Bank was established in 1932 and is one of the three major banking giants in China. This multinational financial company provides services ranging from commercial banking to wealth management.According to statistics, nearly 20% of the company’s positions have hybrid schedules LinkedIn.
While commercial banks dominate the list, the healthcare, pharmaceutical and biomedical sectors performed strongly, with five companies in the top 15.
Pooja Chhabria
Asia Pacific Editorial Director and LinkedIn Career Expert
Another fast-growing industry in Singapore is healthcare.
Some companies in the healthcare industry top the list in Singapore:
6. singapore life (Subsidiary of Sumitomo Life Insurance Company)
7. Procter & Gamble
8.BD
9. Abbott
10. MasterCard
11.Takeda
12.Roche
13. S&P Global
14. Alphabet Company
15.HSBC Bank
Chhabria told CNBC Make It: “Interestingly, only six companies from last year retained their spot on this year’s list, indicating high turnover among featured companies and indicating that more companies are investing in attracting top talent and Help employees create meaningful careers.
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