30 yr old Chinese Singaporean here.

Grad NTU (Civil) with a Bachelors (Basic) in 2007.

So far the scenario isn't really as bad as most put it.

I started in a shipyard in 2008 with a base pay of 46.8k per annum package as a project planner

Currently I am drawing a per annum package of approximately 71k in a simlar position in the O&G industry.

so it really depends on the timing and the industry that you join.