Fresh grad roles in tech like Shopee data engineer (5.5k+) and Indeed SWE (6-7k) etc have those kinds of starting pay. GIC fresh grad associate also around there. Not even talking about FAANGs or BBs here.

Roles above 5k starting look at relevant internship experience more than class honors. If you are the kind that can only think in linear honors -> pay increments, these fresh grad roles are probably not for you.