Graduates’ salaries as low as $1,950?

Photo: fivestarsandamoon.comPhoto: fivestarsandamoon.com

To what extent has our liberal foreign labour policies contributed to the low salaries of graduates?

I refer to the article “Here’s a look at the average salaries for graduates at Singapore’s private education institutes” (Straits Times, Nov 21).

It states that “Taking into account just full-time permanent employment, the employment rate was 60.1 per cent.”

As I understand that the percentage of part-time students who were already working may be significant – does it mean that perhaps about half of the graduates had difficulty getting a full-time permanent job?

As to “The survey also showed that the median gross monthly salary of the graduates from PEIs in full-time permanent employment was S$2,550 …¬†fresh and post-National Service polytechnic graduates at S$2,180 and S$2,517 respectively.

The following are the median gross monthly salaries for fresh graduates in PEIs:

Air Transport Training College – S$2,000

East Asia Institute of Management – S$1,950″ – I only reproduced the two lowest salaries above.

Isn’t a salary of $1,950 kind of low for university graduates?

The above statistics may indicate that our liberal foreign labour policies may have depressed the salaries of our university graduates.

Leong Sze Hian

About the Author

Leong
Leong Sze Hian has served as president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), invited to speak more than 200 times in over 30 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of Indonesia and Brunei. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.