Quote:
Originally Posted by Unregistered
Agree, MOM statistics are at national level and more for macro perspective. It was not collected to find out what is the average pay of deg grads in 10 years time, the conclusions some have made are overly simplistic and make a lot of assumptions.
To add to your list, there is huge proportion of poly/ ITE grads who took up a degree while working in their early/mid 30s. These people will effectively have only a few years of post deg work experiences by late 30s and are likely to be paid lower at 3.5 – 5k. They will skew the whole data downwards because they are lumped under “degree educated from 35 – 39yrs old”
I usually prefer to look at specific studies from consultancies like Robert Walters, Michael Page, Hudsons etc or alumni studies done by NUS & SMU. While they may be a little bias, they are more specific based on actual hiring experience than general MOM statistics. |
The
MOM data showing 9% of those aged 35-39 earning more than $10K/month does not differentiate education level. Therefore those poly/
ITE who took up a degree will not skew the data downwards. In fact, the 9% includes everyone aged their 35-39 who makes more than $10K/month and will include non-grad. If these non-grad makes up 2-3%, then only about 6% is left for grad. If majority of the 20% cohort who makes it to local U makes more than $10K/month, how can it be only 6%?