The mainstream media is apparently telling us that business degrees are no longer in demand. We are told a law degree can command a salary as high as $8,500 while arts and science courses are getting popular now.
On the front page of yesterday’s Business Times printed edition:
“Trainee lawyer bags $8,500 monthly pay
Foreign law firm pays record starting salary to NUS grad
LAW firms may be trimming costs and easing up on new hires, but a freshly minted young lawyer has just snared a record starting salary. She starts her working life on a pay of $8,500 a month.” (article is now available online)
Also on front page of today’s Sunday Times printed edition:
“Business degrees lose their attraction
Varsity applicants opt for science & arts as they scan the job scene down the road
The eye-popping six-figure salaries that banks were throwing at freshly minted graduates in recent years made business faculties the first choice for many university applicants… But the recession has provided a reality check this year… There is a shift away from business to courses such as arts and social sciences, which offer surer job prospects in teaching and the civil service.”
Before students flock to these other arts and science degree courses, maybe they should take a loot at our Dumping Ground rankings, which we derived from – guess-what – the graduate employment surveys from NUS, NTU and SMU.