It really depends on the type of role you take up in an MNC. Sales/BD/Marketing in general pay better than support functions like HR, simply because the former is a revenue-generating function, and the latter is a cost function (i.e. does not generate revenue for the company).
Many MNCs, and even some of the large tech companies, pay better than government at a fresh grad level, and have better pay progression. Especially if you are in a Management Associate Programme. After you get the job, progression would have nothing to do with your grades or FCH, and almost 100% on your performance.
However, it sounds like you have an inclination towards stability. So public sector may be a good fit. I've heard from some friends that your progression in the public sector may be capped depending on your educational qualifications, and whether you are a scholar or not.
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