Someone sent me an email the other day, with news relating to the massive increase in graduates' pay back home in Singapore. From $2k starting pay last year, fresh graduate auditors are now paid between S$2,400 - $2,600. As for the banks, they are paying up to $3.7k for a fresh graduate. Times have indeed changed - and for the better. I could recall working for 3 years in Singapore and not even close to earning the starting pay of a newbie banker (This even after 20-35% increment p.a). This I applaud the government for driving a growing (but sustainable?) economy in the midst of a seemingly volatile market.
London is the probably the next BIG thing after Wall Street, well poised to take over the latter as the top banking market in the next years. Seeing Singapore as an example, I thought the graduates here might be positioned for more good times. At least until...
Graduate jobs rise, but pay down (BBC)
The jobs market for graduates continues to remain buoyant - but there are signs in some areas that starting salaries are declining, research has suggested.
A major twice-yearly employment survey shows a 13% increase in graduate jobs - the fourth consecutive annual increase.
But the survey from the Association of Graduate Recruiters shows that starting salaries for university-leavers in London and East Anglia are falling.
Full article here.
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