A hawker at Plaza Singapura's Kopitam told me that fresh graduates from SMU earn a starting salary of $4,300. Is it true? Just curious? - Seedly

Career

Asked by Anonymous

Asked on 25 Nov 2018

A hawker at Plaza Singapura's Kopitam told me that fresh graduates from SMU earn a starting salary of $4,300. Is it true? Just curious?

Because all of the articles that I have seen so far doesn't state that, starting should be around $3k+.

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Charmaine Lim Xiaomei
Charmaine Lim Xiaomei
Level 4. Prodigy
Answered on 26 Nov 2018

That's a very general statement!

I find that the industry, company and role have a much higher impact on fresh graduates' starting pay as compared to their choice of education.

For e.g.

  • an investment banking intern / full-timer at Goldman Sachs earns approx S$8000/mth
  • a facilities management intern / full timer at Land Transport Authority (LTA) earns S$800/mth and $3500/mth respectively

Also, most companies have a standard salary package based on your role and experience. Therefore, the starting pay should be the same for the same company and role, irregardless of the graduating university.

For that reason, I think that salary guides that are classified by degree / qualifications are more accurate of fresh graduates' starting salaries.

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Casey Choo
Casey Choo
Level 3. Wonderkid
Updated on 07 Jun 2019

I think you'd have to take these articles with a pinch of salt.

  1. Consider how many working hours these hawkers put in
  2. Fixed Costs/Variable Costs
  3. Realistically, do the patrons find the food good? Are there long queues?

IMHO, more of often than not, these articles tend to omit certain facts like that (after tax salary etc.)

But still, a good starting point for interesting discussions!

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Question Poster

26 Nov 2018

I think you misunderstood the question..
Casey Choo
Casey Choo

26 Nov 2018

oh haha! You're right! I guess the same train of thought could be applied (albeit with slightly different metrics)!
Lok Yang Teng
Lok Yang Teng
Level 6. Master
Answered on 25 Nov 2018

It depends on 1) whether you're able to find a job, 2) whether you're willing to cut starting pay for a job and 3) type of course you're in.

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Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Updated on 07 Jun 2019

there's always a range! some earn lesser some earn more. same for the other unis!

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Question Poster

25 Nov 2018

But those who earn higher are not the majority right? Since statistics shows that SMU graduates earn a starting salary of around $3k+
Yong Kah Hwee
Yong Kah Hwee

25 Nov 2018

if you want to look at majority i think should should look at the median!