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Three in four students in Singapore expect more than $3,000 from their first job

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Looking to hire fresh graduates? Well, it’s worth noting that three in four (75.9%) of Singaporean students expect more than S$3,000 from their first job.

According to the BrightSparks Scholarship & Higher Education Survey 2019 by CareerBuilder, a significant percentage of respondents were expecting more than S$4,000 from their first job.

 

Reaching out to GCE ‘A’ Level and International Baccalaureate (IB) students and graduates, polytechnic students, and university undergraduates, the annual study also found that respondents placed an increasing emphasis on ‘job security’ (2nd place) as a key criterion of their ideal job. The attribute rose from third in 2018 to second place in 2019, overtaking ‘interesting job scope’ (3rd place).

That said, ‘career growth and opportunities’ remained the top attribute of their ideal job. While ‘work-life balance’ and ‘positive impact to society’ rounded up the top five.

 

When it came to their most desired sector, healthcare remained the preferred job industry among students in Singapore. This was followed by the government / public sector, as well as banking & financial services. While the computer – software and education industries rounded up the top five.

The survey also uncovered the higher education and scholarship preferences of these students. Key findings include:

  • A majority of students (99.2%) intend to pursue further education, with a significant majority opting to stay within Singapore (72.1%).
  • Scholarships were the top financing option with 78.8% of respondents intending to use it to finance their further education.
  • Length of a scholarship bond is no longer a top consideration for graduates and undergraduates in Singapore, when deciding to apply for scholarships.
  • An acceptable bond duration was between two to four years for a partial or full local scholarship, and four to six years fro a partial or full overseas scholarship.
  • The top five scholarship providers were: National University of Singapore (NUS), Nanyang Technological University (NTU), MOH Holdings Pte Ltd (MOHH), Changi Airport Group (CAG), and Singapore-Industry Scholarship (SgIS).

“A year ago, the contractual bond duration was the top barrier for students when applying for scholarships. This year, bond duration dropped to fourth in position. This receptiveness to being committed to an organisation is not surprising amid the economic slowdown,” said Vinay Dua, Managing Director of CareerBuilder Singapore. “Naturally, students are becoming increasingly cautious about their career choices, and start seeking stability and security.”

Infographics / CareerBuilder
Lead photo / 123RF



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