How Much Salary for Fresh Graduate in Singapore
How Much Salary for Fresh Graduate in Singapore
Asides from being aware that Singapore is a top work abroad destination, you must know that Singapore has one of the most stable economies on the globe. It has high salaries and diverse opportunities in various sectors.
Do not fall for its size as the country packs a huge punch. It is among the four Asian tiger economies alongside Taiwan, Hong Kong, and South Korea. Singapore is highly renowned for its swift economic growth in the second half of the twentieth century.
If you never knew, the employers in Singapore are more than eager to obtain foreign talent and this makes their salaries highly lucrative. They tend to try to entice foreign workers. Although the country is crowded, it is safe and efficient.
You can eagerly combine all of these with its high standard of living and a very welcoming multicultural society. Now you have an idea why Singapore is very popular with graduates seeking jobs.
For those unaware, Singapore is the gateway to Asia. This is because, in your free time, you will have the opportunity to either travel by air or sea to the surrounding countries. You can explore diverse locations like Malaysia, Thailand, Cambodia, and even Sri Lanka.
The Jobs in Singapore
It must be pointed out that Singapore has a highly successful free-market economy and it regularly scores highly and well on the lists of the least corrupt countries in the globe. Its unemployment level is low at 2.2 percent.
Furthermore, its port is among the busiest in the universe as it has exports that are important to the economy. For its workforce, it can be clearly stated that it is multicultural as it is made up of Chinese, Indian and Malaysian workers.
Also, note that the workforce is filled with expatriates from all parts of the world. In short, Singapore ranks number one for its experience with expats according to an HSBC expat explorer survey carried out in 2018.
More so, the report revealed that expatriates are drawn to work in Singapore because of its stable economy. Though up to half of the expats moved to the country to make progress in their careers, about thirty-eight percent moved to boost their earnings.
Although the government has made moves to decrease the country’s dependence on foreign labor especially in unskilled roles, the country remains open and diverse as it attracts lots of foreign workers at the graduate level.
Some of the international companies that currently operate in Singapore are:
- BNP Paribas
- Deutsche bank
- International hotels groups
- PWC, and even;
More so, some of the popular graduate jobs you will find in Singapore range from chemicals, financial services, processed food and beverages, ship repair, electronics, and down to telecommunications equipment.
Furthermore, some of the hard to fill jobs available in the country are:
- Customer service professionals
- Certified accountants
- Cybersecurity professionals
- Engineers ranging from electrical, chemical, mechanical, and civil
- Financial analysts
- Sales representatives
- Technicians, and;
- Project managers
The Salary in Singapore
The average salary you will earn working in Singapore is around 8450SGD. The lowest average salary to earn is 2140SGD, while the highest you can earn is 37700SGD. Note that, this is the average salary and it includes transport, housing, and some other benefits.
However, bear in mind that the salaries differ drastically between the diverse careers. The distribution of salaries in Singapore include:
- Salary Range
The salaries in Singapore range from 2140SGD monthly as the minimum salary and 37700SGD as the maximum average salary monthly.
- Median Salary
The median salary in Singapore is 8790SGD monthly. This means that about half of the population earns less than 8790SGD while the remaining half earns higher than 8790SGD. Note that, the median is representing the middle salary value.
It is only expected that you are on the right side of the graph, which is earning more than 8790SGD.
The percentiles are two values that are closely related to the median. They are the twenty-fifth and seventy-fifth percentiles. Here, twenty-five percent of the population are earning less than 4920SGD, while seventy-five percent of them earn more than 4920SGD.
While seventy-five percent earn less than 24200SGD, about twenty-five percent, earn more than 24200SGD.
Note that, the difference between the average and the median salary is that, if you earn higher than both the average and median, it means you are doing well. However, if your salary happens to be lower than both of them, it means lots of people earn more than you and there is still room for some improvements.
It gets complicated when your wage lies between the average and the median.
How You Can Get a Job in Singapore
Before you can begin applying for jobs in this country, you should research the job sector that you are hopeful of working in. Understand that, you must not be in the country before you can apply for jobs.
Interestingly, there are lots of websites that will help you to search for work and successfully apply online. While its government-maintained contact Singapore has its job board, there are some useful sites you can make use of.
Some of these sites include:
Meanwhile, you are to check the company websites as the application methods differ from submitting a curriculum vitae and cover letter to completing an online application form. You can also register with recruitment agencies
There will be interviews conducted through video or phone for those that are not in the country. Nonetheless, bear in mind that huge multinational companies may demand that you attend their assessment center.
It should be noted that English is the official language of businesses. This means that every application and interview will be fully conducted in English. Also, you will have to secure work in a bid to obtain their work permit.
Because Singapore is a tourism hot spot, you may be opportune to discover casual works in places like bars, hotels, hostels, and even restaurants. You can take on these jobs temporarily. However, some of the jobs you can get here include:
- Teaching jobs
Since English is the official language of education in the country, and if you are a native or proficient English speaker, you will be capable of teaching in this country. To gain employment in their public schools, you will be needing approval from its Ministry of Education.
Even though English is vastly spoken, there is still a demand for a TEFL teacher even though this job is not as widespread in other Asian countries.
The competition for internships and work experience opportunities is quite fierce. This means that you will need to be proactive and arrange your placement straight up with the companies. You will be applying speculatively as most of the opportunities are barely advertised.
The Singaporean Visas
As a foreigner from Nigeria, if you want to work in Singapore, you must have a valid pass or work visa. There are a diverse variety of passes, and the one you will need will be dependent on your circumstances and skill level.
The types of pass you will come across include:
- Employment Pass
This pass is for foreign managers, executives, and professionals. You will need to earn a minimum of three thousand six hundred Singaporean dollars monthly and have the acceptable qualifications.
It is for foreign entrepreneurs who want to start a business in Singapore
- Personalized employment pass
This pass is for the high earners.
- Work permit for foreign domestic workers
- Work permit for a performing artiste
- S Pass
It is for the mid-leveled skilled workers
- Training employment pass
This pass is situated for foreign professionals that are undergoing practical training
- Miscellaneous work pass
It is for those who are taking on short-term work assignments of about sixty days.
In addition to all of these, those who are not in the United Kingdom are to contact the Singaporean embassy in their home country for more information that concerns visas, permits, and work passes.
We have successfully provided you with all you need to know about the salary of graduates in a country as beautiful as Singapore. Note that, even though the salaries are quite competitive, its cost of living is high when you compare it with the other Asian countries.
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