Tuesday, March 8, 2011

Random Sampling: IT Jobs for Singapore grads?

As linkedin.com reveals how a variety of non-Singapore graduates were able to take on high-paying technology jobs in the finance industry, we went on a random sampling to see if our observations were indeed more Foreigners than Singapore grads in white collar Technology jobs.

After speaking to key headhunters in Singapore, they confirmed our findings that IT Foreign Talents do not take home pay lower than Singaporeans. In fact, the average wage is competitive, and high, contrary to them being "experienced" and "cheap".

Robert Walters: Salary band of Technology Jobs in Banking Sector


Probabilities of Singapore Grads in Information Technology (Banks)

A random sampling was conducted, and we wanted to know how many jobs went to Singaporeans for all IT professionals in the banking sector. The probability was 2 out of 20, about 10% (if one includes UOL grads in Singapore). Why is the labour intensive technology jobs, that comprises of the top 5 revenue generators in Singapore's economy, going to foreign labour? Can the free labour market regulate itself?

As the Ministries are concerned at supplying talents from abroad, little is done to look into the interests and prospects of Singaporean grads and their future: Say goodbye to mortgages, sustainability, and employability. Quite likely, a $40-$60K education, will not land Singaporeans in prestigious technology jobs in the Banking sector.

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