It pays (quite well) to study at SMU
-
Arggghhhhh SMU grads!!!!
Starting salaries rise, with one graduate getting $12K
Gracia Chiang
[email protected]
YOU are fresh out of university, holding down your first job — and what does the figure on your pay-cheque say?
For one graduate from the Singapore Management University (SMU) last year, it said $12,000 a month.
This was revealed by the third Graduate Employment Survey conducted by SMU which found that the average gross monthly starting salary for SMU graduates in full-time permanent employment was 13 per cent higher than the previous year at $2,850, compared to $2,520.
The top 20 per cent wage earners took home an average of $4,630, a 21 per cent increase from $3,840 in 2005.
Of the 353 graduates who responded to the survey, the top earners were employed in investment banking. Eight found jobs that paid between $8,000 and $12,000 a month.
Last year's highest paid graduate is getting $12,000 a month, compared to his counterpart the previous year who started off with $10,000.
Apart from pocketing fatter salaries, SMU graduates also had few problems finding a job.
The survey showed that for the third year running, 100 per cent of its economically active graduates found jobs either before their graduation or within just six months of it.
Eighty per cent received job offers before they graduated or within the first month of graduation while 71 per cent received two to more than 10 job offers.
Ms Geraldine Wu, 24, and Mr Gerald Poh, 26, are two such graduates.
Ms Wu, a double degree holder in economics and business management, was offered an analyst position with global investment bank Lehman Brothers two months before graduation, while accountancy graduate Mr Poh had an oil trader job waiting for him at Barclays Capital — another foreign investment bank — four months before he graduated.
Both declined to reveal how much they are earning.
SMU president, Professor Howard Hunter, said: "We believe that SMU's approach of giving our students early exposure to the market … gives our graduates a head-start at the workplace."
He cited a combination of internships, research and consultancy projects for companies and a systematic career preparation programme by counsellors as key factors that helped SMU's students shine in the job market.
SMU's pioneer batches of economics and information system management graduates were also quite sought after, garnering an average starting pay of $3,130 and $2,980 respectively. Among local universities, SMU is the first to release employment figures for its 2006 graduates.
http://www.todayonline.com/articles/176928.asp -
So, what's new?
-
How did they get this strong within these few years?!Originally posted by CoolMyth:So, what's new? 
-
There will always be people who just grad and get high salaries. Relax.Originally posted by M©+square:How did they get this strong within these few years?! -
i think its the way they market their courses/degreeOriginally posted by M©+square:How did they get this strong within these few years?! -
I ite grad already making a 5digit figure... I not trying to talk bad about uni grad.. It all about how far are you going to make your life more worth... i aslo know of NUs guy who make $1,800 per months... I felt that this garduate are just clear on what they want to do...
-
For a degree grad to take home 2.5k as a start. It's pretty good stuff.
-
im going to enroll myself in SMU!!
-
You got in already?Originally posted by Cool-gal:im going to enroll myself in SMU!! -
12 000 per month?
SUre or not
His father's company huh?Investment manager?shares?????is the 12k fixed or depends? -
12k, but 500 basic salary....
potential to get commission up to 12k. -
Why is everyone looking at the top? Where are the rest, the commoners?
-
investment banker lahOriginally posted by KenPlus:12 000 per month?
SUre or not
His father's company huh?Investment manager?shares?????is the 12k fixed or depends? -
smu is one product that is very successfully marketed.. i guess they should haf a bachelor of biz(marketing), their grads confirm very zai 1.. haha..
-
Originally posted by M©+square:For a degree grad to take home 2.5k as a start. It's pretty good stuff.
-
really so gd ar? mayb i shld change frm ntu to smu..hahah
-
Only the good ones you hear about mah.........realistically speaking I don't think SMU will give me an edge.
-
LOL.. give u the biggest incentive of studying biz in ntu..
3 years direct honours! compared to smu 4yrs! think of the opportunity cost of working 1 more yr in the industry! the salary and the experience! even if smu has a slightly higher starting salary, its not enuff to make up for the 1yr of salary lost and also the 1yr industry experience! haha -
Depends on how you see it?
Every year, many SMU studentgrads got into internship with Barclays, Goldman Sacs, Merrill Lynch and other companies of such calibre?
And of cos, SMU have the support of Wharton School of the University and they're lecturers are still in Touch with the corporate world. -
u advertising for SMU sibor?Originally posted by M©+square:Depends on how you see it?
Every year, many SMU studentgrads got into internship with Barclays, Goldman Sacs, Merrill Lynch and other companies of such calibre?
And of cos, SMU have the support of Wharton School of the University and they're lecturers are still in Touch with the corporate world. -
no lah, but if i'm younger and got the chance. It'll go for SMU. The proactive lifestyle and constant change should be more suitable for me.Originally posted by laurence82:u advertising for SMU sibor?
But too bad. Me not going to study Business. or Finance. -
NTU has the same companies for internship and more!Originally posted by M©+square:Depends on how you see it?
Every year, many SMU studentgrads got into internship with Barclays, Goldman Sacs, Merrill Lynch and other companies of such calibre?
And of cos, SMU have the support of Wharton School of the University and they're lecturers are still in Touch with the corporate world.
As for the lecturers part, i can't comment much
-
Most people just don't get it. It's not about internships/jobs with big investment banks. It really is, apart from the select few, are they going to get front office jobs or merely back office jobs? I can intern at Goldman Sachs also - but as an office helper/tea lady. Is that counted?Originally posted by M©+square:Depends on how you see it?
Every year, many SMU studentgrads got into internship with Barclays, Goldman Sacs, Merrill Lynch and other companies of such calibre?
And of cos, SMU have the support of Wharton School of the University and they're lecturers are still in Touch with the corporate world.
Ibanking in Singapore is so prestige-based that only a very small percentage of local graduates will get actual top positions and huge bonuses. Yet people continue to suck up all that hype. -
ok, SMU next stop of education.
-
haha i jus stick with ntu la...
ultimately is my performance in future....i think