The labor market has suffered once since the onset of the Covid-19 pandemic, but is gradually recovering.
Resident employment rose sharply by 19,100, more than the 4,800 in the second quarter. This partly offsets a 21,500 drop in non-resident employment, comparable to the 21,100 drop in the second quarter.
Whether you’re deciding on your college career or a couple of months away from graduating, the world is really your oyster.
However, you know what they say, pearls are not free. Has been reported that new college graduates now earn a higher starting salary than their seniors. The new batch of new graduates has starting salaries of 4,000 to 5,000 Australian dollars, although they are in the areas of computer science and business.
In addition, the average salary of Singaporeans is now $ 4,534. This is an encouraging figure for new graduates and like Jessie J, we want to know where the money really is.
So if you’re into “moolah,” here’s a list of the industries with the highest starting salaries for new graduates in Singapore.
|Industries||Initial salary / month|
|Accounting and finance||$ 3,100|
|Computer science and computer science||S $ 5,735 (depending on degree)|
|Engineering||S $ 3,400 – S $ 4,900|
1. Accounting and finance
When it comes to new graduates who earn pretty quickly, they would be the ones working in the financial sector. Given that the Singapore Monetary Authority (MAS) has recently granted principle approvals for several institutions, the financial sector will change in the coming months.
Since Singapore is also expected to be one crypto hub in the near future, you will want to be prepared when that happens.
A new graduate with a finance degree can earn a few $ 3,110 per month or $ 40,000 per year in Singapore. At the same time, those with an accounting degree can earn an initial salary of $ 4,443, according to a graduate employment survey.
Highlights of this job include four major accounting firms such as Deloitte, KPMG, Ernst & Young and PricewaterhouseCoopers.
2. Computer science and computer science
If you’ve been an avid reader of our site, you’ll know that technology is a growing industry. Local startups have thrived, with Grab being publicly listed and more start-ups acquiring financing.
With tech startups sprouting like weeds in Singapore, they never fail to capture software engineers, data analysts or web developers.
Because it is a highly specialized field, the starting salary is proportional to the skills involved. Computer science graduates can take home an initial salary as much as $ 5,735, while those with a degree in information systems earn about A $ 5,000 a month.
Seeing as big tech corporations like Google and Amazon are also setting up their offices here and there local technology unicorns are aggressively hiring, these numbers will only go up from there.
While some jobs change all the time, some remain the same. Engineering is a field that is required in many sectors, and initial salaries depend on the area of specialization, whether aerospace, electrical, or mechanical.
Of course, those with a computer engineering degree in their belt will be more likely to earn a higher salary than $ 4,977. Otherwise, an engineering degree (depending on the type) will give you compensation from $ 3,400.
This is consistent with Glass door, which shows that graduate engineers earn about $ 3,300 a month.
Although the health professionals made the list to earn a significant income right away, it is clear that given the amount of work and hours they spend, they are not paid enough.
Those with medical degrees are first on the list of the highest paid jobs for recent graduates, and their starting salary is around $ 5,300.
In professional careers, a law degree will definitely earn a large starting salary $ 4,800 i $ 5,100. The other advantage of the professional degree is that almost 95 percent of new law graduates get a job.
While a starting salary of A $ 5,000 is really an attractive offer, it’s no secret that those early years as a lawyer or your student are very tough. Many young lawyers report having few without reconciling work and family life.
That being said, things get easier (or so they say) as one progresses and, if not, as many lawyers can always start a business.
Is a well-paid job the answer to everything?
While all of this is a guide to how to get the best Singapore graduates, there are no hard and fast rules when it comes to making money. After all, if a Kindergarten teacher can earn A $ 10,000 a month as a BIGO live broadcaster, who says what will earn more?
In a constantly changing job market, your degree will only take you to your first job. After that, it all depends on the type of work ethic and skills you learn at work.
Now that we have the Internet at our fingertips, it’s even easier to learn new skills or even hone those you already have.
With resources like He will run, Master class, and even YouTube, there are endless ways to add value to your current skill set. So even though this list is for the highest starting salary, it’s just the beginning and you can’t tell how it can change the job.
Featured Image Credit: Pexels