SMU graduates starting pay
March 13th, 2007
According to the Straits Times, the average starting pay of SMU graduates is $2,850 per month.
The ST article mentions:
The top 20 per cent of wage earners among them earn an average of $4,630, about 20 per cent higher than the $3,840 average in 2005.
Among them are 26 graduates who earn more than $4,000, with eight of them making more than $8,000.
Most of these top earners are investment bankers.
Let’s assume that the 8 get 8k each, with the remaining in the “top 20%” getting 4k each. To obtain a average of around $4,630, the number of graduates in the “top 20%” is only 51, implying the survey is conducted on 255 individuals.
At first glance, you might sense something amiss. However, if we use 4.5k instead 4k, the survey then covers 1,100 individuals.
One SMU graduate is even making a whopping $12,000 per month, according to Channelnewsasia.com yesterday.
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May 5th, 2007 at 4:36 pm
[...] not aware of any official graduate employment survey from NUS this year (see SMU graduate employment), but the NUS ads say that the top 20% of NUS Business School with BBA Honours are getting an [...]
NTU graduates starting pay | Salary.sg - Your Salary in Singapore Says:
May 19th, 2007 at 12:35 am
[...] The average fresh NTU graduate makes $2,700 a month. Channelnewsasia.com says this is higher than both NUS and SMU, but I recall that SMU’s figure is $2,850. See post on SMU graduates starting pay. [...]
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September 14th, 2007 at 7:03 pm
[...] As for starting pay, 83.0% of the fresh graduates get an annual pay package of between $24,000 and $42,000. Not a lot in my opinion – $42k is just $2,800 x 15. Now, what does this tell us about those forward-looking “official” graduate employment-cum-salary surveys? [...]
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May 11th, 2008 at 10:11 pm
[...] to be taken with a pinch of salt. Reference: Channelnewsasia article. See also my last year’s post on the previous SMU [...]