Singapore adult learners expect an average pay raise of 35% after attaining their first Bachelor degree, while almost one in four (23%) believed their first degree entitles them to an average increase of 50% or more in wages.
According to findings from the 2012 JobsCentral Learning Rankings & Survey, a similar portion of those surveyed (24.6%) expect to get a 50% increase and above in wages when they attain post-graduate qualifications such as Masters, PhD or MBA.
“Most employers acknowledge their employees’ new qualifications but will not automatically increase pay,” says Lim Der Shing, CEO, JobsCentral Group.
“Usually a pay increment will only be given if the employee is outperforming, underpaid or taking on new duties. So it is important to discuss wage expectations with your employer before you embark on a costly education programme,” he added.
The survey also found that the top course of study was business studies/ management, followed by finance/ investment in second place and accounting in third. Hospitality/ tourism/ F&B came in fourth position, while sales/marketing came in a close fifth.
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