Diploma holders – your Income is just two-thirds of Degree holders
February 5th, 2008
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.
. reasons are obvious if you scroll down this forum –...
Cowboy Caleb – Singapore Diploma Holders Get Only 2/3 Of Degree Pay Says:
February 5th, 2008 at 11:17 pm
[...] Singapore Diploma Holders Get Only 2/3 Of Degree Pay – sad but true. Which is why I always tell poly diploma holders to hurry the f87k up and study part-time for their degrees while working. [...]
idsoftware Says:
February 6th, 2008 at 12:25 am
ROFL IM A DIP AND I AM EARNING 5-10k a month
Al Says:
February 6th, 2008 at 9:20 am
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 Says:
February 6th, 2008 at 5:06 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 Says:
February 7th, 2008 at 9:18 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 Says:
February 13th, 2008 at 6:14 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 Says:
March 11th, 2008 at 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 Says:
March 12th, 2008 at 4:05 pm
Oh dear…I’m seriously underpaid..I’m earning less than $2000 after working for 6 years..
Superman Says:
March 15th, 2008 at 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 Says:
March 15th, 2008 at 12:26 am
For those who is thinking i must be in sales line, i am not btw. My pay is fixed every month =)
Z Says:
March 30th, 2008 at 4:33 pm
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 Says:
April 3rd, 2008 at 9:38 pm
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 Says:
April 3rd, 2008 at 9:40 pm
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 Says:
May 2nd, 2008 at 12:30 pm
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.
patel Says:
March 14th, 2010 at 8:53 pm
i drawing 35 k per month after 7 years of experience . i think its good enough.
Poor but surviving Says:
March 14th, 2010 at 11:21 pm
patel wat do u do?
patel's pimpdaddy Says:
February 17th, 2011 at 5:17 pm
Patel is selling his backside at Desker Road. I am earning 100k per month from being his pimp.
mischa Says:
August 14th, 2011 at 3:19 am
Apply for a position in an MNC, you’ll most likely get paid pretty high. Well from my experience at least…
mischa Says:
August 14th, 2011 at 3:22 am
i started off with an entry-level job (not holding a diploma yet) & ive drawn 2k + few months bonus