How to become a Pawnbroker
Also called: Pawn shop operator, Pawn shop operator
Pawnbroker offers loans to clients by securing them with personal objects or items. He/she assesses the personal items given in exchange for the loan, determines their value and amount of loan available. He/she also keeps track of inventory assets.
Main tasks
- Evaluating articles offered as pledges, calculating interest and lending money
- Returning articles when the loan is paid or, in the event of non-payment, selling pledged articles
- Keeping a record of items received and money distributed and received
Pay · Outlook · AI and this job
- Median pay: $62,304 a year. The middle half earn $55,656 to $77,652 a year.
- Generative AI could change some tasks in this job, by the ILO's global estimate.
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Questions people ask
How much does a Pawnbroker earn in Singapore?
Median full-time pay is $62,304 a year (Ministry of Manpower (via data.gov.sg)). The middle half earn $55,656 to $77,652.
Will AI change the work of a Pawnbroker?
Generative AI could change some tasks in this job, by the ILO's global estimate.
Sources
- Ministry of Manpower (via data.gov.sg): Resident Occupational Wages (Occupational Wage Survey) (June 2024 (data.gov.sg update 2026-04-01)), Singapore Open Data Licence v1.0, retrieved 4 October 2026
- International Labour Organization, Generative AI and Jobs: A Refined Global Index of Occupational Exposure (ILO Working Paper 140, Gmyrek et al.) (ILO Working Paper 140, May 2025, Annex Table A1), CC BY 4.0, retrieved 4 October 2026
Updated 4 October 2026