Fresh local graduates can now expect ‘higher’ pay
Posted by temasektimes on July 31, 2012
According to the Hay Group’s Fresh Graduate Pay Survey 2012 conducted in June which polled some 79 companies across generous industries in Singapore, the average starting monthly pay for pass degree holders is S$2,678 up some S$60 compared to last year’s cohort of S$2,617.
Graduates with Second Upper and Higher honors can expect a starting salary of S$2,882 while those with Second Lower and Below can earn S$2,766.
However, the starting pay has remained more or less stagnant in the last years while the cost of living has sky-rocketed, especially that of properties and cars.
While fresh graduates can expect to secure a good-paying stable job which will enable them to start a family of their own 10 years ago, they are now struggling to afford a BTO flat after paying for their student loans and other expenses.