Many fresh graduates in Singapore or studying abroad leave polytechnics or universities around the middle of the year. In this survey conducted around Sep 2010, Hay Group’s Fresh Graduate Pay survey for 2010 published their results from the survey of about 90 companies in Singapore. The forecast of the fresh grads’ average starting salary range indicated that Diploma holders can expect to earn S$1,784, Degree holders should earn S$2,418 and Masters graduates will probably earn S$2,820.
These findings are based on the results of the following 6 industries, including jobs from the law, engineering, IT & Telco, R&D, logistics & supply chain and finance & accounting professions.
Average Fresh Graduates Starting Pay in Singapore for 2011 (Forecast)
|Fresh Grad Jobs||Diploma Graduate Starting Salary||Degree Graduate Starting Salary||Masters Graduate Starting Salary|
|IT & Telecommunications||1,835||2,536||2,828|
|Research & Development||1,826||2,527||2,842|
|Logistics & Supply Chain||1,752||2,332||2,625|
|Finance & Accounting||1,738||2,400||2,748|
|Average for all jobs||1,784||2,418||2,820|
Mr Victor Chan, Country Head of Reward Information Services, Hay Group Singapore, had this to say:
With the recovery this year, employers have upped the salary stakes for finding the best talent from this year’s graduating classes. However, due to uncertainties in the global economy, companies are moreNTU recently announced that among its 2011 cohort of fresh graduates, there were a few degree holders who are earning starting pay of more than S$10k, with one NTU grad earning a top salary of S$20k.
cautious when forecasting starting pay for graduates in 2011. Starting salaries in 2011 are likely to drop for
Bachelor and Masters degree-holders. In contrast, starting salaries for diploma holders are more resilient,
showing an increase.