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SMU Fresh Grads Make $4k to $10k

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  #1 (permalink)  
Old 11-05-2008, 10:11 PM
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Default SMU Fresh Grads Make $4k to $10k

Ok, not all of them.

The "Class of 2007" of Singapore Management University (SMU) are getting higher starting salaries than their seniors.

According to the SMU employment survey, their salaries are 6.7% higher than the previous cohort.

Of the 618 survey respondents, 69 got high-paying jobs that pay between $4,000 to $10,000 a month.

And those who got distinctions in their degrees - namely summa cum laude, magna cum laude and cum laude - receive an average starting pay of $3,500.

Congratulations to the SMU Class of 2007.

But the sceptics among us know that results of such employment surveys are always to be taken with a pinch of salt.

Reference: Channelnewsasia article. See also my last year's post on the previous SMU cohort.

http://www.salary.sg/2008/smu-fresh-...ake-4k-to-10k/

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  #2 (permalink)  
Old 12-05-2008, 01:27 AM
wait and wait---
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Default 1627

With today's high cost of living, average pay of $3500 is very little. As I have mentioned before, 15 years ago a MOE teacher with a good degree already earns a starting salary of about $3k. And things are so cheap compared to today. Please, today earn $3500... Something is wrong. $3500 a month cannot drive car, cannot buy house, cannot go travel frequently, cannot get married...

Maybe can if you don't intend to save any money or if you buy everything with credit cards and chalk up purchases with 24 months installments.

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  #3 (permalink)  
Old 12-05-2008, 09:32 AM
WishBoNe---
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Default 1629

I so chose the wrong place to study! Should have gone to SMU!

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Old 12-05-2008, 11:10 AM
motd---
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Default 1630

Then for those earning $1.5k per month = very poor.

Wish I was earning that kind of money.
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Old 12-05-2008, 12:11 PM
wait and wait---
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Default 1631

A 4 year university easily cost >$100k. This includes tuition fees, books & stationaries, lost of income for 4 years(assume $2k/mth,4 years = $96k), transport cost etc.

The recent chinese papers interviewed some beer ladies. They earn more than $2k a month including commissions. Sorry no offense intended, but if a graduate earns only $3k a month after spending so much time and money, he is worse than a beer lady.
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Old 12-05-2008, 12:22 PM
wait and wait---
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Default 1632

I see many people in the previous post of Get Rich Seminars that they complain spending $3k on a 5 days course but I don't see people complain about spending >$100k and 4 years of a precious prime period of life on a university. Then only earn around a beer lady pay. Funny isn't?

And please, don't look down on beer ladies. One day they may become boss of a kopitiam. Remember that our Singapore's David Gan was a shampoo boy when he started out.
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Old 12-05-2008, 02:44 PM
Min---
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Default 1633

Just posted a thread discussion on this

http://www.youth.sg/forum/showthread.php?p=31541

Anyways this is only true for 69 respondents. So ohwell.
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Old 12-05-2008, 02:52 PM
Careerwork---
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Default 1635

I think any U in order to boost and attract the number of students , will definitely claim that the starting salary is very high. SMU is relatively new and I view the news as an advertisement.
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Old 13-05-2008, 07:34 AM
e---
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Default 1639

word on the street is that SMU grads are looked upon very favourably (I guess though if you were a top student from the other unis it would be the same).

Anyway, the difference between a grad and a beer lady earnings 2k+ a month is the option value and scalability attached to those earnings...
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Old 13-05-2008, 09:36 AM
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Default 1640

I am from NTU and my some of my peers are earning 2500 still after 3 years. I find it strange that if starting pay for fresh grads are more than 3K why wouldn't their bosses tag their salaries to the norm? I would take SMU's figures with a pinch of salt, remember their M is not just for Management, but for Marketing as well.
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