Starting Salary for Poly Grad

The starting salary or pay for a poly graduate is up from $1850 to $1950.  That is a $100 increase.  The survey was conducted by the the five polytechnics in Singapore.  You can compare it with the starting pay last year.

For poly graduates who have completed national service, the median gross monthly starting salary was also up from $2,100 in 2011 to $2,253 in 2012.

Poll Results: Starting Pay When You First Started Work

I polled my readers on this blog on what was their starting pay when they first started work. This poll was really started after I wrote the article on Starting Pay for Graduates. Anyway, here are the results of the poll:

57% of respondents reported a starting salary of less than S$2000 when they first started work. 27% of respondents reported a starting salary of between S$2000 and S$3000. The remaining 16% reported a starting salary of more than S$3000 when they first started work.

So how do you measure up?

Starting Pay for Singapore Graduates

Well the news about the starting pay for fresh graduates is out. Based on a July 2011 survey by Hay Group, fresh graduates can expect to command a higher starting pay compared to their 2010 cohort.

Engineering jobs command the highest starting pay at S$2,745 per month for degree holders. This was followed by S$2,738 and S$2,728 for jobs in the legal profession and production respectively. The average starting pay for other jobs was around S$2,500. In 2010, the "hot" jobs were pretty similar and could be found in legal, engineering as well as R&D. The average starting pay for diploma holders was close to S$1,800.

And in a separate survey by JobsCentral, National University of Singapore (NUS) was the government employer of choice, beating Singapore Tourism Board to the top spot. STB had held the top spot for the past 3 years. The ratings were as follows:

1. NUS

2. DSTA

3. EDB

4. STB

5. A*STAR

For private companies, Apple retained the top spot. The survey results were based on 3000 over respondents from NUS, NTU and SMU.

When queried about the expected starting salary, most respondents actually picked a range of S$2,500 to S$3000. 33% expected a starting salary above $3,500 and 21.9% expected a starting salary of above $3,500.

I also remember reading the  Straits Times recently and was surprised to realise that there are NTU 2011 fresh grads out there that are earning $20K per month. I don't know what line they are in but $20K for a fresh grad sure sounds like a high figure to most people. I am assuming that they are probably in sales or perhaps working in some investment bank. It is good to know that local grads actually stand a chance of earning such a high salary. One would think that such high salaries were only possible if you study in a good university overseas.

Just the other day, I also wrote about Singapore's 40 Richest. Apparently, the richest people in Singapore have increased their networth again over the past one year as reported by Forbes Asia. I was trying to find out the common points they had and realised that property is perhaps it.

Have started my own little survey regarding starting pay. Feel free to take part in the survey. All submissions will remain anonymous.