How much to ask for starting pay for those graduating in 2021?

Originally Posted by Unregistered

There is a thread on this forum about the compilation of MA salaries. More than 3/4 of that list is above 4k. If you are a respectable MNC, COVID won't affect u as much, the number of top tier students hired by these MNCs or banks for 2021 will be the same as 2019 and 2020.

The people who see their pay go down in 2021 are those who would end up in SMEs even in non-COVID to begin with (pay drop from 2.8k to 2.5). Because in COVID, the SMEs are the one who are impacted the most.

1. The thread on MA salaries is not 100% accurate

2. Compensation for MA/GA for affected MNCs are expected to fall this year

3. Number of GA/MA spots for top-tier spots will definitely be lower as compared to previous years (Source: Most SA programmes have a lower return rate this year)

Originally Posted by Unregistered

Kaplan students mix with Kaplan students, the whole bunch of them get offered 2.2k to 2.5k, they think this is industry standard.

Local Uni second lower make friends with other second lower, they get offers from 2.8k to 3k, they all think this is also normal.

Double degree first class ask their fellow double degree classmates the salary offered when they secure a job, the average answer is 5.5k, they also think no fresh grad job exists paying below 4k.

When ppl say 2.2k to 2.5k is normal for fresh grad, it's very easy to know where they study and what CAP they get la hor...

Your figures and data are flawed.

I know of a handful of local uni grads (even second upper) accepting 2.5k traineeships - just look at the post on UBS FS Academy.

Btw, double degree first-class average salary ain't 5.5k. It depends on your degree. From 2019 GES data, NBS Biz&Acct median salary is 4k.

Originally Posted by Unregistered

Your figures and data are flawed.

I know of a handful of local uni grads (even second upper) accepting 2.5k traineeships - just look at the post on UBS FS Academy.

Btw, double degree first-class average salary ain't 5.5k. It depends on your degree. From 2019 GES data, NBS Biz&Acct median salary is 4k.

Your post is more accurate, I have so many peers from autonomous Unis all getting 2.4k to 2.6k and we have peeps here talking about 5.5k, lol rofl what a joke... still living in lalaland...

I'm surprised at the figures mentioned in this thread. Previously, even after covid, one would easily have formed the impression after reading this forum that the starting salary of the vast majority of fresh grads is around the range of $4.6-6k/mth.

It made me, as an experienced worker making $4.8k/mth, very depressed. Looks like they were not representative of all fresh grads after all.

anyone know how accurate is the mycareersfuture salary. Especially for govt jobs.

I am also talking more about the min rather than max because... i expect the max to be less accurate

Originally Posted by Unregistered

1. The thread on MA salaries is not 100% accurate

2. Compensation for MA/GA for affected MNCs are expected to fall this year

3. Number of GA/MA spots for top-tier spots will definitely be lower as compared to previous years (Source: Most SA programmes have a lower return rate this year)

Yes can confirm this. Know of one MNC that is being more selective in their 2021 grad intake and reducing headcount

Originally Posted by Unregistered

Yes can confirm this. Know of one MNC that is being more selective in their 2021 grad intake and reducing headcount

Also depends on type of MNCs, a few that my frens went for managed to negotiate around 3.2kish....

They reasoned it's already on the high side.

Originally Posted by Unregistered

Also depends on type of MNCs, a few that my frens went for managed to negotiate around 3.2kish....

They reasoned it's already on the high side.

Most if not all GA/MA programmes have fixed packages - no room for nego

My experience -
- Graduated last year Oct private uni in electrical engineering
- Interned for an MNC for 6 months $800/m, coverted to perm position Feb this year $3.3k/m
- Left and joined another MNC last month earning $3.65k/m gross, doing R&D for electronics

Originally Posted by Unregistered

My experience -
- Graduated last year Oct private uni in electrical engineering
- Interned for an MNC for 6 months $800/m, coverted to perm position Feb this year $3.3k/m
- Left and joined another MNC last month earning $3.65k/m gross, doing R&D for electronics

To be honest 3.65k is actually on the pretty low end of the spectrum for R&D.