Business Degrees Not In Demand Anymore - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Education and Personal Growth

Education and Personal Growth Schools, further studies, getting ready for employment, and motivation stuff




Business Degrees Not In Demand Anymore

Reply
 
Thread Tools
  #1 (permalink)  
Old 19-04-2009, 09:15 PM
Salary.sg
Guest
 
Posts: n/a
Default Business Degrees Not In Demand Anymore

The mainstream media is apparently telling us that business degrees are no longer in demand. We are told a law degree can command a salary as high as $8,500 while arts and science courses are getting popular now.

On the front page of yesterday's Business Times printed edition:
Quote:
"Trainee lawyer bags $8,500 monthly pay
Foreign law firm pays record starting salary to NUS grad
LAW firms may be trimming costs and easing up on new hires, but a freshly minted young lawyer has just snared a record starting salary. She starts her working life on a pay of $8,500 a month." (article is now available online)
Also on front page of today's Sunday Times printed edition:
Quote:
"Business degrees lose their attraction
Varsity applicants opt for science & arts as they scan the job scene down the road
The eye-popping six-figure salaries that banks were throwing at freshly minted graduates in recent years made business faculties the first choice for many university applicants... But the recession has provided a reality check this year... There is a shift away from business to courses such as arts and social sciences, which offer surer job prospects in teaching and the civil service."
Before students flock to these other arts and science degree courses, maybe they should take a loot at our Dumping Ground rankings, which we derived from - guess-what - the graduate employment surveys from NUS, NTU and SMU.

http://www.salary.sg/2009/business-d...emand-anymore/

Reply With Quote
  #2 (permalink)  
Old 20-04-2009, 12:10 AM
grads to do blue col--
Guest
 
Posts: n/a
Default 4517

At a dialogue session with Gan Kim Yong, a participant asked: "As a fresh grad, do I really have to accept a blue-collar job? And if so, will it affect my application for PMET position after the crisis?"
Gan's answer suggests grads should take up blue collar jobs.
Read at http://www.channelnewsasia.com/stories/singaporelocalnews...1/.html

Reply With Quote
  #3 (permalink)  
Old 20-04-2009, 08:23 PM
tom--
Guest
 
Posts: n/a
Default 4519

the 8.5k is clearly a one-off in this kind of market. the top 4 local law firms are only offering 4k now. even less at smaller law firms. and with the influx from the graduating batch of smu law students, expect salaries to be even more depressed.

the demand just isn't there now... not only for business grads.

Reply With Quote
  #4 (permalink)  
Old 20-04-2009, 09:31 PM
harry--
Guest
 
Posts: n/a
Default 4520

tom, 4k is still a lot for the hundreds of jobless biz grads waiting to become blue collar workers.
Reply With Quote
  #5 (permalink)  
Old 20-04-2009, 10:37 PM
SGDividends--
Guest
 
Posts: n/a
Default 4523

That law firm that gave $8.5 K is kinda illogical.

Firstly, if it is true that top law firms are giving 4K...then its really ridiculous that a firm will pay more than twice ...

Unless this girl is really special and twice as efficient as those hired by the top 4 law firms.

Sorry speaking from a return on investment view point
Reply With Quote
  #6 (permalink)  
Old 21-04-2009, 01:51 PM
Lawyer--
Guest
 
Posts: n/a
Default 4527

The 4k is only for those that are retained. There is a significant increase in law grads not retained after their pupillage this year.
Reply With Quote

  #7 (permalink)  
Old 21-04-2009, 05:47 PM
A good man--
Guest
 
Posts: n/a
Default 4531

Gan Kim Yong is good man. He gave up his dream job - teaching & become minister.
Reply With Quote
  #8 (permalink)  
Old 21-04-2009, 06:15 PM
SGDividends--
Guest
 
Posts: n/a
Default 4532

Hi Lawyer,

Significant increase in law grads not retained after their pupillage?

Does this mean they are sort of fired? Where do they go?

SGDividends
Reply With Quote
  #9 (permalink)  
Old 21-04-2009, 10:59 PM
you goon--
Guest
 
Posts: n/a
Default 4535

good man, you goon. he's an oms scholar who went to cambridge, became an elite 'AO' civil servant upon graduation, and went on smooth sailingly to be natsteel ceo before joining politics. the teacher guy is another senior-level minister, you goon.


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #10 (permalink)  
Old 23-04-2009, 03:40 PM
Kay--
Guest
 
Posts: n/a
Default 4549

Despite of what the mainstream media is saying, it is still worthwhile to take business degrees. The current downturn is affecting all sectors including the financial sectors. By the time you completed your business degree, the economy would have recovered by then. Singapore is a financial hub in this region and I don't see why business degrees are a lousy bet.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Be your own boss. How good is a retail business? quek Investments and Net Worth 31 18-05-2012 07:03 AM
High earners have engineering degrees Salary.sg Education and Personal Growth 10 16-08-2009 01:57 PM
Conveyancing lawyers in demand Salary.sg Income and Jobs 0 17-06-2007 10:43 PM
More students opt for business courses Salary.sg Income and Jobs 0 13-06-2007 01:35 PM
NUS Business School ad Salary.sg Income and Jobs 0 07-05-2007 09:50 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
10,051 Replies, 3,367,143 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
112 Replies, 130,347 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
4,075 Replies, 1,409,299 Views
Career as Teacher ( 1 2 3... Last Page)
3,029 Replies, 1,900,644 Views
DBS tech seed programme ( 1 2 3... Last Page)
243 Replies, 39,639 Views
ST Electronics ( 1 2 3... Last Page)
1,314 Replies, 323,597 Views
Salaries for Tech Product Manager
8 Replies, 2,428 Views
UOB Management Associate Program ( 1 2 3... Last Page)
387 Replies, 209,969 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
1,127 Replies, 873,557 Views
Compare civil service salary ( 1 2 3... Last Page)
11,215 Replies, 6,249,222 Views
What course should I undertake? ( 1 2)
17 Replies, 9,042 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
527 Replies, 152,779 Views
SIA Technical Services / Aerospace... ( 1 2)
10 Replies, 9,526 Views
Singtel Management Associate... ( 1 2 3... Last Page)
181 Replies, 105,785 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
526 Replies, 18,482 Views
Aircraft Maintenance License and... ( 1 2 3... Last Page)
646 Replies, 481,919 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,137 Replies, 3,952,362 Views
Career of an ERP consultant
2 Replies, 138 Views
Working in HDB ( 1 2 3... Last Page)
369 Replies, 296,021 Views
Starting Pay for CS/Ministries... ( 1 2 3... Last Page)
190 Replies, 54,708 Views
Cybersecurity/Info security career ( 1 2 3)
21 Replies, 3,471 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,573 Replies, 2,124,208 Views
How much does influencers make...
6 Replies, 771 Views
Where would you invest your money... ( 1 2 3)
28 Replies, 17,253 Views
Advice for a troubled Designer ( 1 2)
14 Replies, 5,153 Views
Third Class Honours/Second Lower... ( 1 2 3... Last Page)
43 Replies, 28,435 Views
Covid-related job opportunities... ( 1 2)
15 Replies, 970 Views
IRAS salary
3 Replies, 216 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,704 Replies, 1,061,801 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:53 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2