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-   -   Diploma holders - your Income is just two-thirds of Degree holders (https://forums.salary.sg/income-jobs/627-diploma-holders-your-income-just-two-thirds-degree-holders.html)

Salary.sg 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.

http://www.salary.sg/2008/diploma-ho...egree-holders/

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

822
 
ROFL IM A DIP AND I AM EARNING 5-10k a month

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

823
 
Idsoftware,
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

824
 
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

825
 
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

845
 
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

1056
 
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

1069
 
Oh dear...I'm seriously underpaid..I'm earning less than $2000 after working for 6 years.. :(

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

1090
 
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

1091
 
For those who is thinking i must be in sales line, i am not btw. My pay is fixed every month =)

Z--- 30-03-2008 04:33 PM

1234
 
You are very well paid Superman! May I know what you are doing? I am a fresh grad and I do not know which industry is well paid. Someone offered me $2000 per month. Is that acceptable or it's way too low for a Degree holder?

lowpaid worker--- 03-04-2008 09:38 PM

1278
 
My basic is only $2100 after working for close to 4 years :(

Need to put in more effort and hardwork by doing OTs....then can juz hit $3000 monthly...
no OT = eat grass :(

lowpaid worker--- 03-04-2008 09:40 PM

1279
 
btw, im working 12 hr shift work....
im now studying part-time degree....but those not recongised one i tihnk.....feel that im wasting money...

Lowpay--- 02-05-2008 12:30 PM

1563
 
Superman, you are earning my ideal wage.

Which line are you in? Hopefully you can advise me or give us some tips how to get such high pay job.

Unregistered 20-01-2011 05:05 PM

it's really the individual that makes the difference. you can be a deg holder earning < 3k and still be happy with the lifestyle you're leading and you can also be a dip holder earning > 3k but still feel underpaid because of the lavish lifestyle you're leading.

how??

dip holder work at town, deg holder work tuas near his hse at jurong...
dip holder drink starbucks, deg holder drink kopitiam
dip holder buy LV, deg holder buy giordano
dip holder drive car black plate, deg holder drive red plate

Diploma holders staying in HDB can be much happier than a Degree or PhD holder living in pte properties, esp if they are bosses... cos mind you, it can be lonely being a boss at work.

ever heard of the phrase, "money or life?" ???

unless money can guarantee you happiness, why bother too much about the diff? if you're in that median range, be happy! there's no end to comparison! superman's got 4k, another guy's got 5... and a salesman with dip got 10... another one's already a millionaire...

so y bother?

Unregistered 30-01-2011 04:53 PM

Degree holders in Electrical/electronic engineering do not earn a lot. Close to what Dip holders earn. So cheer up, Dip holders! You are not doing too badly!!!

Unregistered 11-02-2011 10:51 AM

Why go for a degree then?
 
If poly grads are able to command 2/3 of what degree holders are able to, why would anyone with the right mind want to go the extra mile shedding so much blood and tears to get a degree?

Unregistered 11-02-2011 11:22 AM

Quote:

Originally Posted by Unregistered (Post 9491)
If poly grads are able to command 2/3 of what degree holders are able to, why would anyone with the right mind want to go the extra mile shedding so much blood and tears to get a degree?

2/3 is too high for you? How low should it go in order for you want to go the extra mile?

Unregistered 14-02-2011 03:04 PM

Quote:

Originally Posted by Unregistered (Post 9496)
2/3 is too high for you? How low should it go in order for you want to go the extra mile?

20% to 25% of what a degree holder is earning would be good.

Unregistered 09-04-2011 03:29 AM

Not true actually,

I am joining a bank this april along with my deg holders peers but i am drawing 30% more than them...same rank albeit with a longer working experience though


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