This year, Computing graduates are among those with the
biggest increase in starting salaries.
NUS and NTU computing degrees are new
entrants to the top 10 rankings, as can be seen in the infographic.
With
Singapore rolling out the initiative of Smart Nation, we expect an even steeper
increase in the salaries of these IT professionals in the years to come.
It is
definitely a sunrise industry and the one to be in if you are looking at making
a comfortable living.
As compared to the
previous
year, computing prospects has definitely gotten brighter.
Something to note is that these figures have not taken into
account CPF deduction which is at 20% of the salary.
CPF comes in very handy
when making the first major purchase of any working adult, which is property.
Assuming that one receives a salary of 4.5k, the monthly CPF deposit will be
around 1.5k (you contribute 20% while your employer contributes another 17).
When combined with spouse's salary, it is more than enough to
cover the monthly mortgage in most cases. The couple
will just have to save up for the down payment.
Saving may be important but it is not the best method for
accumulating wealth.
It is advisable that graduates also pick up essential money
management and investment skills to let their money work hard for them.
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