I think the stats are rather misleading. They are giving
averages instead of the median figures, those of you who know what
i'm talking about. It would be a more accurate reflection of which
salary range most of the graduates fall into.
For example, business and accountancy grads earn an average of
$1821 per month. A quick check on jobsdb or jobstreet shows that a
lot of the starting salaries are between $1500 - $1900.
Post NS diploma grads earn an average of $2183 per month. From
what I know, higher salaries after NS are only paid to those in the
public sector. Only 13.6% of these grads fall into that category,
so how is it possible that the post NS pay is dragged up so much
from $1821 to $2183 per month?
And the rise in 5.3% for fresh grads and 2.5% for post NS grads,
has inflation been taken into account? Prices of food and HDBs have
risen considerably over the past year.
Fresh poly grads here care to comment?
Yes. I was discussing this article with my peer that day. I told
them about the misleading stats.
Btw, the increase of fresh grad pay is correlate to economy
growth, so I am not surprise about it at all.
The mediam would be a better indication.
Best Regards,
Chin Seng
Homework Forum Moderator
