Overseas Graduate earns more compared to local graduates

Thanks to my blog reader for submitting this.

This is actually from my company, JobStreet.com .

Full article below is quoted from BlogStreet

For fresh graduates who are looking for full time job or internship in Malaysia, do post your resume and apply for jobs via JobStreet CAMPUS

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Graduates of overseas universities fair better than local grads in salary scale
A study that we conducted recently revealed that of the 100,000-plus JobStreet.com members in Malaysia who hold a Bachelor degree and are currently working in the country, graduates from overseas universities on average earn about 12 percent more than local graduates.

The salary gap is most apparent among those with up to five years of work experience where overseas graduates are earning a significant 20 percent more than their local counterparts. Even after 10 years or more of work experience, the gap is still more than 10 percent.

In terms of job specialization, the biggest salary gap between overseas and local graduates is in business-related fields such as management, economics, finance and marketing where overseas graduates earn about 15 percent more than local graduates.

In the engineering and IT/Computer fields, salaries are about 11 percent higher for overseas graduates.

We also did a similar study among 20,000 JobStreet.com members in Singapore and we observed that there is no significant difference between the salaries of graduates from local Singaporean universities and overseas universities even after five or 10 years of work experience.

In conclusion, a Malaysian who graduates from a local Malaysian university earns on average a lower salary than those who graduate from an overseas university. There were no significant difference in salaries that exists among graduates in Singapore.

Note: For this research, the term "overseas" refers to the top three most popular overseas destinations for tertiary studies - Australia, Great Britain and United States - and includes twinning programmes.


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JPA or PSD Scholarships for SPM 2007 Candidates

Public Service Department has announced new initiatives for SPM 2007 candidates.

As long as they get above 9As in their SPM, they would be guaranteed JPA or PSD scholarships to study in Form 6 in Fully Aided Schools .

Those in Universiti Malaya’s Science Preparatory Centre and International Islamic University’s matriculation programme, would also be offered scholarships.

If these students decide to do their degree in local university, they would be offered scholarships as well. These local universities include Malaysian branch of a foreign university such as Monash University, Nottingham University, Curtin University of Technology and Swinburne Unversity.

If these students get admission into Ivy League or equivalent university, they would be offered scholarships as well.

My personal thought on this is that it is quite a good move, as it would help to retain the top students within our country, but I think such scholarship, their details would need to be clearer. On studying at fully aided schools, these might need to be highlighted, as all those SMJK, which are traditionally top STPM schools are partially aided. So, they would not be part of this deal.

This is the details of the scholarship, as highlighted by The Star

Full quotation of it is as follow:-
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PSD scholarships for SPM students with 9As


PETALING JAYA: The Public Service Department (PSD) will offer scholarships to all students who scored 9As in their SPM examinations last year, regardless of background, to study Form Six in fully-aided schools.

Chief Secretary to the Government Tan Sri Sidek Hassan said students who do matriculation, including those in Universiti Malaya’s Science Preparatory Centre and International Islamic University’s matriculation programme, would also be offered scholarships.

These students will also be sponsored for their first degree if they do it in a local university, he said in a statement yesterday.

Sidek said the PSD would also sponsor such students if they obtained places in an Ivy League or equivalent university.

Top-scoring students who get a place in a Malaysian branch of a foreign university such as Monash University, Nottingham University, Curtin University of Technology and Swinburne Unversity will also be offered scholarships.

On top of this, Sidek said the PSD would offer scholarships to 2,000 students for overseas studies and a further 10,000 for studies in local universities.

He said the scholarships were being offered in line with the Government’s efforts to develop human capital.

He said the Government was aware that the number of high achievers is growing every year. Yet, not every student would have a chance to get Government sponsorship.

“The Government realises that high achievers are assets.

“As such, it has introduced the initiative to increase the number of scholarships where students of any background will be offered as long as they satisfy the SPM 9A score condition,” he said.

The move, Sidek added, would indirectly encourage these high achievers to further their education in local universities.

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Click here to read more of Chen Chow's posts

Would encourage any of my blog readers to share with me any event that you come across. As long as the event/activity/initiative is education/charity/youth oriented and is not-for-profit, I would be more than happy to post it to share!