Fresh out of Uni? Here are some of the Highest Paying Jobs for Fresh Graduates in Singapore for 2019
Getting the highest paid job immediately after completing graduation is a dream comes true for everyone. Depending on the type of industry a person wants to work, there are multiple opportunities in every field that he can prepare for. Here are some of the highest paying jobs for fresh graduates in Singapore for 2019.
The recruitment firm Kelly Services predicted last year that the top-paying jobs will come from Finance and Insurance, Electronics and Precision Engineering, Storage & Wholesale Trade, and Retail & Food Services. The Singapore Salary Guide in 2018 stated that over the years the unemployment rate will come down to around 2.1% mostly because of the digital economy shift. The Industry Transformation Maps (ITMs) is introducing new wage and employment opportunities for the workers which will eventually increase the chances of fresher getting highest paying jobs.
In 2017, the precision and electronics engineering clusters improved growth due to an increase in manufacturing by 10%. Sectors that require technical and engineering personnel include chemicals, electronics, biomedical sciences, transport engineering, info-communications, and media and logistics. The Kelly services also stated that in the upcoming years’ new areas of growth such as environment, water, clean energy, and natural resources will open the highest paying jobs in Singapore opportunities.
Jobs In Law
Singaporeans can earn around $27,000 a month if they work hard in the field of law in 2019. They must, however, prepare themselves to work double the hours than a normal person. As a Legal Counsel, a fresh law graduate can still expect to get $10,000 monthly salary in the law firm. With experience, their salary can increase by 25% in 10 to 15 years.
Finance Director Job
A good talent is highly in demand in the financial and banking services world. The jobs in this sector nowadays are way different from the traditional financial model leaning towards agile and proactive one. It means that the CFO or the finance director’s of today have more strategic, the pronounced profile having deeper integration in strategy, planning, and performance management. Fresh graduates interested in getting the highest paying jobs for Singapore in 2019 can think of banking and financial services and becoming Directors and CFOs as they can earn around $315,000 -$430,000/year.
Healthcare and Life Sciences Manager
Singapore is the fastest growing bio-medical hub in Asia. It means that the demand for specialized skills and exclusive talent in the field of healthcare and life sciences is at the pinnacle here. Naturally, the salary on an average is much higher as compared to the other fields. Incidentally, the employers are ready to groom deserving fresh graduates and local talent so that they can progress ahead and reach topmost levels in their career.
Incidentally, this approach will also ensure that the healthcare and life sciences sector of Singapore gets the required skilled manpower for filing up the talent gap in the field. Fresher candidate can expect to earn around $390,000/year as a general manager in this industry in 2019 as MNC’s working in the medical device sector will require huge skilled, regionally focused manpower.
Head of HR (Banking and Financial Services)
Lately, companies give big emphasis on developing skilled manpower or human capital. That is the reason why they are ready to pay around $325,000 salary to the head of human resources. A graduate in this field with a good score and recommendation from the college can get take the career of a deserving candidate instantly at the top. It is one of the highest paid jobs for fresh graduates in 2019 and assures immense growth potential.
Director Of Quality Manufacturing & Engineering
Graduates in technology including chemical engineering, aeronautics and aerospace can expect to get the highest paying jobs in Singapore for 2019. The demand for such skilled graduates continues to remain strong. For getting the highest salary as quality directors, a person must possess a high level of technical skills and strong people management skills. Graduates who want to work as professionals especially in the quality assurance and quality control can earn $315,000 on an average.
Director In Marketing
Marketing is a very aggressive and demanding field. But a right attitude and graduation in marketing management or administration can ensure one of the highest paying jobs in Singapore for the young job-seekers. The highly evolving technology world offers significant opportunities for expansion and growth in the new markets. In the past few years, the demand for digital talent skyrocketed as the companies now look out for individuals who are flexible and ready to mold themselves according to the demands of an organization. More often nowadays the marketing directors have to focus on e-commerce or digital marketing and hence can expect to earn around $300,000.
In 2019, fresh graduates will command a salary of $285,000 per year in financial services sector whereas those in the industrial and manufacturing sector will earn around $220,000 per year.
Corporate Governance Executive Director
A fresh graduate in management with a degree from a reputed university or college can expect to work as an executive director in corporate governance related to mitigating and managing risks in any organization. It includes internal audit and compliance. In 2019, an executive director in corporate governance will earn around $300,000.
Working as an independent lawyer has scope for unlimited growth. But the in-house lawyer job in an MNC will be one of the highest paying jobs in Singapore for 2019 as the youngsters will command a salary of around $300,000 per year. Of course, it is approximately 40% lower than the lawyers working in private sector but even then, the stability and steady career progression that this role offers can ensure a good rise for a new law graduate in very short time.
So, there are so many highest paying jobs for fresh graduates that they can get in 2019. However, the most important thing that will ensure the highest paying jobs in Singapore is the good grades in the college and recommendation from the interns, and professors.