News Comprehension #1
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Job hunting's a breeze for these graduates
By Lin Yanqin, TODAY | Posted: 12 May 2008 1008 hrs
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They are finding better paying jobs and finding them sooner, even though their graduating cohort of 711 graduands is 84-per-cent bigger than that of the previous year's 386.
Of the graduates surveyed by the Singapore Management University (SMU), the top 20-per-cent wage earners enjoy monthly starting salaries of $5,600.
Most of these highly-paid graduates are employed in investment banking or management consulting. According to SMU, its top nine highest wage earners draw between $8,000 and $10,000.
Overall, close to 100 per cent of those who responded to the annual survey — 618 graduates — found a job before or within six months of their graduation last year. Out of these respondents, 519 graduates, or 84 per cent did so within a month.
The average salary of those in full-time permanent employment is up 6.7 per cent to $3,040. Those who graduated cum laude (with distinction) or better are getting monthly starting salaries of $3,540, up 7 per cent from 2006.
About two-thirds of respondents had received multiple job offers, ranging from between two and 10 offers.
Meanwhile, about 3 per cent surveyed are economically inactive, pursuing postgraduate studies, travelling or other personal choices.
Mr Bernard Chen, 26, an SMU graduate now working as a foreign exchange trader at Citibank, told Today: "I think one reason more graduates are finding better-paying jobs earlier is because there's a competitive atmosphere at SMU.
"When you see your seniors getting jobs early, you will want to work hard to do the same, or even better. The professors also advised us to start looking early because you would want to be the first person employers talk to, not the last."
About half the respondents are in the banking, finance, auditing and accounting sectors, while the rest are employed in a range of sectors including services and consulting.
Said SMU president Howard Hunter: "Over the years, our graduates have earned the confidence of employers who saw the difference provided by an SMU education. We will continue to ensure that our undergraduates have opportunities for global exposure to widen their perspectives as well as platforms for character development." - TODAY/arHi Forum,
From the above news, can anyone tell me from the above report, how many of these students are poreans?
I like to read news and get clarity.
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Read news from singapore mainstream media how to get clarity?
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Propaganda again from the PAP controlled media, shake my head. Just how many naive and ignorant singaporeans are they trying to con?
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Hi Forum,
the statistic is based on a few hundred people.
What does this small number represent?
Nowadays so many foreign students. How many of these jobs went to foreigners?
This is merely a question and I am hoping for answers.
I mean it should not be anthing illegal to show the truth right? Clarity mah. Transparency mah. Somemore, we are talking about student things only what. no hum right? Would it be a SIN to show the statistics clearly? I mean statistics for a few hundred students only. Any hum to show the info?
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i guess my singaporean friends are ghosts to you.. it's alright, we're busy making money... while you're in the forum complaining about the government rather than trying to make your life better...
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Originally posted by pigsticker:
i guess my singaporean friends are ghosts to you.. it's alright, we're busy making money... while you're in the forum complaining about the government rather than trying to make your life better...
Which statement did I comprain about them?I hope you can convince me.
If you are capable.
By the way, www.dictionary.com can explain to you the meaning of 'a question' and that is, I quote,
"to ask or inquire"
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Originally posted by pigsticker:
i guess my singaporean friends are ghosts to you.. it's alright, we're busy making money... while you're in the forum complaining about the government rather than trying to make your life better...
wow, you come here look for trouble huh -
Originally posted by qlqq9:
Propaganda again from the PAP controlled media, shake my head. Just how many naive and ignorant singaporeans are they trying to con?
quote for posterity...
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Originally posted by qlqq9:
wow, you come here look for trouble huhis this a threat??
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someone here to look for trouble, a troll, alert people.
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Originally posted by balance_else_complacent:
Which statement did I comprain about them?I hope you can convince me.
If you are capable.
By the way, www.dictionary.com can explain to you the meaning of 'a question' and that is, I quote,
"to ask or inquire"
was i refering to you? anyway if u want stats, you can always go ask around, peers of my age are easily earning 4-5k after 2 years ofworking... i have peers who earn 5 figure a month... it's a matter of knowing where the money lies...
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Originally posted by qlqq9:
someone here to look for trouble, a troll, alert people.
am i??
maybe i was, maybe i wasn't.. but now i sure feel like it...
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anyway if it interests you, i was talking to a young british guy the other day and he can't even find any work right now..
his family is trying to sell their house to raise funds, but they can't even find a buyer ....
their imposed restrictions on the owning of swords but the goons around the neighborhood are all heavily armed with knives, swords and guns...
and another was beaten up for nothing, just cos those goons wanted to have some fun...
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There you go, 2-3 years experience, 5-6k.
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Originally posted by kramnave:
There you go, 2-3 years experience, 5-6k.
agree. so far, not sure about other people, I only come across Citibank willing to pay high for a start for fresh grads with very excellent results. -
Originally posted by qlqq9:
agree. so far, not sure about other people, I only come across Citibank willing to pay high for a start for fresh grads with very excellent results.most investment banks are willing to pay 5k and above for fresh grads with good results...
investment analysts can earn up to 8k for a fresh grad...
auditors starting pay is around 2.5 now but jumps to 3-4k in around 2 years...
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Originally posted by pigsticker:
most investment banks are willing to pay 5k and above for fresh grads with good results...
investment analysts can earn up to 8k for a fresh grad...
auditors starting pay is around 2.5 now but jumps to 3-4k in around 2 years...
U mean those graduates with diploma or degree in accounting? -
Originally posted by pigsticker:
most investment banks are willing to pay 5k and above for fresh grads with good results...
investment analysts can earn up to 8k for a fresh grad...
auditors starting pay is around 2.5 now but jumps to 3-4k in around 2 years...
how reliable is your info on investment banks paying 5k and above for fresh grads?
they don't consider the starting pay of 2.5k for auditors attractive. If it really jumps to 3to 4k, it is good news for auditors for they really work like "shit". Poor thing.
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Originally posted by will4:
U mean those graduates with diploma or degree in accounting?degree... local or overseas makes no diff.... it's just a piece of paper...
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Originally posted by qlqq9:
how reliable is your info on investment banks paying 5k and above for fresh grads?
they don't consider the starting pay of 2.5k for auditors attractive. If it really jumps to 3to 4k, it is good news for auditors for they really work like "shit". Poor thing.
Auditor need to work until late into the night. -
Originally posted by will4:
Auditor need to work until late into the night.not only late night, some work overnight till the next day. In my ex office the auditors work overnight and stay in hotel near the office and return to work the next day.
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Originally posted by qlqq9:
how reliable is your info on investment banks paying 5k and above for fresh grads?
they don't consider the starting pay of 2.5k for auditors attractive. If it really jumps to 3to 4k, it is good news for auditors for they really work like "shit". Poor thing.
Oh well..people pay you for a reason (lets not go into ministerial pay
) -
Originally posted by qlqq9:
how reliable is your info on investment banks paying 5k and above for fresh grads?
they don't consider the starting pay of 2.5k for auditors attractive. If it really jumps to 3to 4k, it is good news for auditors for they really work like "shit". Poor thing.
as i said i have peers who got that amount after they graduated.. and fyi they are locals... they don't make distinctions between local and non-locals... all it matters are your grades and most importantly, your abilities and knowledge...
look at the big picture if you're an auditor... after 3 years, you get your CPA, then you jump to other companies... at the least you'll be a finance manager.. if your skills and knowledge is good enough, you can be a CFO... that's the value of suffering those hellish initial 3 -4 years...
if you want to remain in the industry, it's not that bad once you're seasoned... plus when you're a team leader, then you won't be the one to suffer those hellish nights but those just starting off... it's more of a matter of where your goals lie...
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Originally posted by kramnave:
Oh well..people pay you for a reason (lets not go into ministerial pay
)
there are other jobs that pay people well but no need for them to stay over night for their jobs, but job as auditor really really allow them to work long long hours.strange leh, why u don't prefer people to refer to ministers' pay, so ministers are paid peanuts, ha ha ha. the way you protect pap make ppl think you are running dogs of pap
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Originally posted by pigsticker:
as i said i have peers who got that amount after they graduated.. and fyi they are locals... they don't make distinctions between local and non-locals... all it matters are your grades and most importantly, your abilities and knowledge...
look at the big picture if you're an auditor... after 3 years, you get your CPA, then you jump to other companies... at the least you'll be a finance manager.. if your skills and knowledge is good enough, you can be a CFO... that's the value of suffering those hellish initial 3 -4 years...
if you want to remain in the industry, it's not that bad once you're seasoned... plus when you're a team leader, then you won't be the one to suffer those hellish nights but those just starting off... it's more of a matter of where your goals lie...
agree