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-   -   Diploma holders - your Income is just two-thirds of Degree holders ( 05-02-2008 09:56 PM

Diploma holders - your Income is just two-thirds of Degree holders
Following the previous post on degree holders' income, we now look at the income of diploma holders.

The following are the numbers for diploma holders, also from the same MOM report on the labour force:

Median Gross Monthly Income for Diploma Holders

- Age group 25-29: $2,170 (males $2,170)
- Age group 30-39: $3,060 (males $3,250)
- Age group 40-49: $4,000 (males $4,330)
- Age group 50-59: $4,330 (males $4,500)
- Age 60 & above: $3,930 (males $3,250)

Notice that these numbers are just two-thirds (or lower) of those for degree holders. See previous post.

Reference: Report on Labour Force in Singapore 2007, Ministry of Manpower.

idsoftware--- 06-02-2008 12:25 AM


Al--- 06-02-2008 09:20 AM

Wow congrats to you. But not everybody can be like you.

I think the correct way to look at this is:

Education is only education. It's just acquiring the know-how.

Education does not make you rich. Hard Work and Luck (yes this is a very impt factor, just ask Paris Hilton) makes you rich.

That way we can stop wasting time griping about pay and everything. Cos the truth is: You won't even know if you would live past tomorrow, why be so concerned about whether you will get rich or not?

Creative--- 06-02-2008 05:06 PM

Sim Wong Hoo is also a dip holder and he's a multi-millionaire.
But we're talking about all dip holders in general. I think the article is right in saying dip holders generally earn less than uni grads. Whether it's 33% or 50% less is another matter.

WTH--- 07-02-2008 09:18 PM

What's wrong with earning 2/3 of degree holders? You cannot have a country of managers and professional engineers. Who's gonna assist them then? Some people are just happy to earn 2/3 of degree holders. I say it's all up to individuals what they want.

SmartTrader--- 13-02-2008 06:14 PM

It is true everywhere that the higher the education , the bigger the average salary (note that it is average). What is even more important is that when degree holders move up the corporate ladder, the gap is even bigger, this is apparent in the same tables cited in this blog. Degree holders earn about $7-8K when they are aged above 40, diploma holders about $4K, a difference of almost 50% !!

hmm--- 11-03-2008 10:05 AM

anyone has the stats for A level holders? it seems like A level holders is even rated lower than diploma holders.

underpaid--- 12-03-2008 04:05 PM

Oh dear...I'm seriously underpaid..I'm earning less than $2000 after working for 6 years.. :(

Superman--- 15-03-2008 12:25 AM

It would depends on the mindset.

I am a dip also but i never put myself down nor think that i am inferior in terms of pay package against degree holder.

I am 27 and i am drawing 4.8K a month

Superman--- 15-03-2008 12:26 AM

For those who is thinking i must be in sales line, i am not btw. My pay is fixed every month =)

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