After writing “ITE, poly fees up: Bursary $25 monthly?” (Dec 9), I was curious as to whether real starting salaries have increased, since fees have been increasing.
I refer to the Ministry of Manpower’s (MOM) Yearbook of Manpower Statistics 2015.
ITE starting salary $1,600 in 2014?
The median gross monthly starting salary of ITE graduates (Higher Nitec (Engineering)) in full-time permanent employment was $1,600 in 2014.
ITE starting salary $1,500 in 1999?
The starting salary in 1999 was $1,500.
So, does it mean that the increase over the 15 years was only about 6.7 per cent ($1,600 divided by $1,500).
Certification Level | Starting Salaries |
Higher Nitec in engineering courses | $1,500 |
Higher Nitec in business courses | $1,400 |
Nitec in technical courses | $1,250 |
Nitec in Office Skills | $1,050 |
Real starting pay down (-28%) last 15 years?
Since inflation was about 35 per cent from 1999 (CPI 73.814) to 2014 (CPI 99.984) – does it mean that the real increase was about minus 28.3 per cent or about minus 1.7 per cent per annum?
Note: I am unable to find the starting salary for polytechnic graduates in 1999 and thus have not done any analysis for the polytechnics.
LeongSzeHian
A.S.S. Contributor
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