Salary.sg Forums - Reply to Topic
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs > Graduate income

Income and Jobs Discuss jobs, career options and of course salaries




Salary.sg Forums

Thread: Graduate income Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
15-03-2012 12:42 AM
Unregistered
Quote:
Originally Posted by Chewbm View Post
This thread is concerning the income earned by fresh graduates in I referenced from http://www.salary.sg/2011/graduate-e...blished-2011/:

The Dumping Grounds by Starting Pay (Gross Monthly)
1. NUS Applied Science – $2,427 ($2,800)
2. NUS Engineering Science – $2,571 ($3,000)
3. NTU Art, Design & Media – $2,600 ($3,150)
4. NTU English Literature – $2,603 ($3,050)
5. NUS Arts – $2,627 ($2,900)
6. NUS Science – $2,653 ($2,900)
7. NUS Nursing – $2,655 ($2,800)
8. NUS Project and Facilities Management – $2,657 ($2,800)
9. NUS Business Administration (Accountancy) – $2,692 ($2,600)
10. NUS Civil Engineering – $2,757 ($2,800)
11. NUS Real Estate – $2,762 ($3,000)
12. NTU Accountancy (3-yr direct Honours programme) – $2,778 ($2,775)
13. NUS Bioengineering – $2,804 ($3,000)
14. SMU Social Sciences (4-yr programme) – $2,824 ($3,200)


Are these degrees really considered dumping grounds,as even though the starting pay might be low, isit related to the future income earned by the graduates after working gaining few years of experience? Let's compare for e.g: NUS Civil Engineering – $2,757 ($2,800)
Vs
NUS Architecture – $3,445 ($3,700)
The starting pay might be lower for nus civil engineering but come a few years of experience for both, will the pay for nus civil engineering be higher than Nus architecture?

Kindly help me as I'm very stressed out from choose which degree to take, as I'm concerned in the stangancy in the income in engineering courses..
Don't go for engineering. There are no engineers in the President's Scholars for the past 3 years. You can easily be replaced by a foreigner in these jobs.
14-03-2012 08:36 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Pray tell, why did you switch from an engineer to a banker? And do you regret it?
Left cos it was clear that there's no prospects. Was clear where i'd be in 10y (snr engr) or 20y (engr mgr) and it wasnt an inspiring path.

But at the same time, theres work life balance & theres job security. The factory can close but i know that there's a host of similar paying jobs out there for a experienced engineer. Open the classifieds and you'd literally find hundreds of engineer posts each sat.

If u are a banker and u r retrenched ? Gd luck. Nothing in classifieds. Headhunters say hiring freezes everywhere. And if u r above 45? Better start ur own business cos u r going to take forever to find a job, if u ever do.

So if u think theres no stability in engr, i tell u its all a matter of perspective.
14-03-2012 07:51 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I used to be an engineer, am in a bank now, and my observations are
1. As an engineer u r nvr worried about getting fired, but in a bank u hear about this every week
2. As an engineer, i was nvr worried i ciuldnt find a job at similar pay lvls. $3k a mth jobs could be found everywhere, relevant exp or not . Now, at a bank, if i lose my job, i cld be out for 6mths to 2yrs before i found an equivalent paying job. Or potentially look at a 30 to 50pc cut in salary if im eager to jump back into the job mkt
1. I think you left engineering for long time already.
Manufacturing engineer - retrenchments when factories move out or reduce production
IT engineer - replaced by FT
Civil engineer - on project basis

2. LOL. You can also find a delivery driver job within 3 days, so is delivery driver better than engineer and bank jobs?
14-03-2012 05:34 PM
Unregistered When I was earning $3,000 a month, I wasn't afraid to lose my job. There were so many $3,000 a month jobs out there! If I lost my job then, next job could even pay higher.

Now, I know for sure that if I lose my job I would probably have to settle for at least 50% pay-cut. Plus, there are fewer jobs out there to rebound to. Stress level is so much higher
14-03-2012 03:37 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I used to be an engineer, am in a bank now, and my observations are
1. As an engineer u r nvr worried about getting fired, but in a bank u hear about this every week
2. As an engineer, i was nvr worried i ciuldnt find a job at similar pay lvls. $3k a mth jobs could be found everywhere, relevant exp or not . Now, at a bank, if i lose my job, i cld be out for 6mths to 2yrs before i found an equivalent paying job. Or potentially look at a 30 to 50pc cut in salary if im eager to jump back into the job mkt
Pray tell, why did you switch from an engineer to a banker? And do you regret it?
14-03-2012 03:30 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I used to be an engineer, am in a bank now, and my observations are
1. As an engineer u r nvr worried about getting fired, but in a bank u hear about this every week
2. As an engineer, i was nvr worried i ciuldnt find a job at similar pay lvls. $3k a mth jobs could be found everywhere, relevant exp or not . Now, at a bank, if i lose my job, i cld be out for 6mths to 2yrs before i found an equivalent paying job. Or potentially look at a 30 to 50pc cut in salary if im eager to jump back into the job mkt
Basically that's because low paying job is easy to come by than high paying job. This cannot be taken as a plus point for working as an engineer compared to a bank lah!
14-03-2012 03:23 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Can't really agree with describing engineering as a safe and comfy $3k job. Firstly the safe part lasts as long as you are less than 35, beyond that age any hirer will prefer younger engineers. they are more relevant and sharp. experience in engineering don't always count, engineering/it technology progresses faster than any other fields. A lawyer/acountant/doctor commands higher pay when they age and gathers experience in their field. An engineer who is the best in the world in FORTRAN or COBOL or ANALOG CIRCUIT DESIGN is worthless today. Companies need that fresh grad who is at home with java and some such latest engineering skills. A doctor who focused even on obscure fields like finger muscle atrophy will be greatly prized as he ages and gains more knowledge, because the human finger basically do not change.

Secondly the comfy part is a myth. Engineers has a low $/effort ratio in their job. that $3k job may require the engineer to be on call 24/7 and fire fight late into the night on any day for a myriad of problems that may arise on the shop floor, or at customers' premise.

But don't get it wrong. Engineering is a noble profession. Napoleon set up special schools (Grandes Ecoles) that caters to training engineers, and regards the profession as higher as medicine or law. However, one should be cognizant of the culture in which you will practise engineering.
I used to be an engineer, am in a bank now, and my observations are
1. As an engineer u r nvr worried about getting fired, but in a bank u hear about this every week
2. As an engineer, i was nvr worried i ciuldnt find a job at similar pay lvls. $3k a mth jobs could be found everywhere, relevant exp or not . Now, at a bank, if i lose my job, i cld be out for 6mths to 2yrs before i found an equivalent paying job. Or potentially look at a 30 to 50pc cut in salary if im eager to jump back into the job mkt
14-03-2012 11:19 AM
Unregistered Can't really agree with describing engineering as a safe and comfy $3k job. Firstly the safe part lasts as long as you are less than 35, beyond that age any hirer will prefer younger engineers. they are more relevant and sharp. experience in engineering don't always count, engineering/it technology progresses faster than any other fields. A lawyer/acountant/doctor commands higher pay when they age and gathers experience in their field. An engineer who is the best in the world in FORTRAN or COBOL or ANALOG CIRCUIT DESIGN is worthless today. Companies need that fresh grad who is at home with java and some such latest engineering skills. A doctor who focused even on obscure fields like finger muscle atrophy will be greatly prized as he ages and gains more knowledge, because the human finger basically do not change.

Secondly the comfy part is a myth. Engineers has a low $/effort ratio in their job. that $3k job may require the engineer to be on call 24/7 and fire fight late into the night on any day for a myriad of problems that may arise on the shop floor, or at customers' premise.

But don't get it wrong. Engineering is a noble profession. Napoleon set up special schools (Grandes Ecoles) that caters to training engineers, and regards the profession as higher as medicine or law. However, one should be cognizant of the culture in which you will practise engineering.

Quote:
Originally Posted by Unregistered View Post
Thats an easier course , which gives u more time to devote to the career search, but does take away the safety net of engr somewhat. With engr, at least if all else fails, you are relatively assured of a comfy $3k job thats not going to make u rich but has a lot of stability.

With arts and social science, there is no obvious outlet hence starting pay tends to be lower than for other majors.

Just need to go in with ur eyes open - that once u go in, u hv to work twice as or three times as hard as your course mates to land a well paying job. Cos if u drift along like everyone else, u wld end up in the average band, and the average band of arts and social sciences grads arent high salary earners.

Now before i get flamed by some arts and social science grad, let me say that im just speaking based on hard salary statistics without context. If any arts and social science grads can provide context to the numbers ie in terms of the type of jobs the avg bander can expect to get and the future prospects, that will help in the discussion .
14-03-2012 08:19 AM
Unregistered
Quote:
Originally Posted by Chewbm View Post
Yea after much consultation, engineering is never the course I though it would be like. But as I said the law medicine and banking is out of my league already, considering my grades. Now Im makin a decision to get into SMU arts and social science, which I have interest in as well. But of course I have to research more before puting in as my first choice.
Thats an easier course , which gives u more time to devote to the career search, but does take away the safety net of engr somewhat. With engr, at least if all else fails, you are relatively assured of a comfy $3k job thats not going to make u rich but has a lot of stability.

With arts and social science, there is no obvious outlet hence starting pay tends to be lower than for other majors.

Just need to go in with ur eyes open - that once u go in, u hv to work twice as or three times as hard as your course mates to land a well paying job. Cos if u drift along like everyone else, u wld end up in the average band, and the average band of arts and social sciences grads arent high salary earners.

Now before i get flamed by some arts and social science grad, let me say that im just speaking based on hard salary statistics without context. If any arts and social science grads can provide context to the numbers ie in terms of the type of jobs the avg bander can expect to get and the future prospects, that will help in the discussion .
14-03-2012 01:24 AM
Unregistered
Quote:
Originally Posted by Chewbm View Post
Yea after much consultation, engineering is never the course I though it would be like. But as I said the law medicine and banking is out of my league already, considering my grades. Now Im makin a decision to get into SMU arts and social science, which I have interest in as well. But of course I have to research more before puting in as my first choice.
Mr Chew... You finally see the light.....
Many years from now.. when you look at the rest of your silly peers who decided to jump in the pit of fire into engineering earning peanuts...
You'll be damn thankful you've listened to our good advice...
This thread has more than 10 replies. Click here to review the whole thread.

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




All times are GMT +8. The time now is 10:04 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2