Wow...very intresting discussion...
I'm basically a fresher who has got an opportunity to work as a s/w engg in singapore..
The pay they are offering is abt 2.8k S$ which i thought was decent. If you compare that with salaries they give for a fresher her in india, the singapore offer wins hands down. Although i realise the cost of living in singapore is significantly higher when compared to other countries it still is an "INTERNATIONAL" experience which not many freshers here get.
An international offer is seriously a very "BIG" deal here(I'm guessing in other places too)..
Maybe thats one of the reasons singapore still has engineers who accept offers for a lot less pay.
If you intend on saving some money it accounts for a lot of local currency when you take it back home .
Also if the guy wants to do an MBA or something later,the experience should help right?