Graduate Opportunities in Singapore

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Graduate Opportunities in Singapore
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Robust Economic Growth

Official forecast of 5 -7 growth for the
Singapore economy in 2006 seems to be on track.
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Strong Optimism
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Strong employment prospects in Singapore
2005 About 111,000 jobs created last year The
highest for the last 8 years. 1st half 2006
81500 jobs have already been created more new
jobs than there are Singaporeans Dr. Ng Eng
Hen, Minister for Manpower Straits Times, 3
August 2006

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Salaries on the upswing
Singapore recorded the highest figure, where 75
percent of companies indicated that salaries will
increase over 5 percent.
Business Administration S28,600 p.a. (USD
17,047) Computer Science S31,200 p.a. (USD
18,597). Mercer Human Resource Consulting
2005/2006 Singapore Total Remuneration Survey
Graduate Survey, class of 2005
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How did graduates do last year ?

• Graduates found jobs quicker than in previous
  years
• Not uncommon to have two or more offers
• Job offers before graduation

In 2005, PMET positions formed the largest share
of the private sector job vacancies at 37. In
1995, the percentage was only 19.
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• Largest job creation in the Service Sector
• Business Services
• Financial Services
• Wholesale and Retail

Two Thirds of the new jobs, (71,800) were in this
sector
What are the areas in demand ?
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IT Info Comm

• Qualifications
• Employed Tertiary
  educated Tertiary educated
• ICT Manpower ICT Manpower
  Persons as a
• as
  a of employed employed
• IT Manpower labour force
• 2005 15 44 24 17 111,400
  83 NA
• 2004 17 38 23 22 108,000
  78 31
• 2003 13 41 26 20 104,300
  80 30
• Post grad Bachelors Diploma A
  levels and below

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IT Info Comm

• IT job market is picking up, particularly in the
  outsourcing and managed services segments.

Top 10 IT Jobs As posted on JobStreet.com Jan
06 Indicative salary range across candidates
and companies
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What has changed in the IT sector ?

• Specialists in demand
• ? Eg. Cisco Certified Internetwork Expert (CCIE)
  can earn up to as much as S160,000 (US97,100) a
  year
• Soft Skills vs Technical Skills
• ? Effective communications skills
• ? Ability to relate to customers
• ? Business acumen
• ? Leadership qualities

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We want people who can communicate with the
customer, understand what worries him and
identify what his business needs so we can go in
and fill in the gaps." IBM Singapore
One in five companies in the UK have problems
finding applicants with the right skills. a wider
problem relates to applicants' "non-technical
skills"
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IT InfoComm Manpower

• The overall demand for infocomm manpower jobs
  is expected to rise by 3.4 between 2006 and 2007

Growth Areas
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Digital Media / Animation/ Gaming Concept
artists Illustrators Linux adminstrators/programme
rs Technical / Network programmers Level
Designers 3D Animators
http//www.lucasfilm.com/employment/jobs
http//www.southernstarsingapore.com/
http//www.koei.co.jp/
http//www.mikoishi.com/
http//www.ivlab.com/
http // www.bigcom.com.sg
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• Recruitment channels for IT InfoComm Jobs
• Online
• Job portals like JobsDB, Jobstreet, Monster
  etc.
• Networks forumsblogs
• Corporate website
• Internal referrals are highly encouraged,
• Traditional advertising on papers is occasionally
  used
• Headhunters very senior positions or niche
  markets

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Straits Times Recruit, 3 Aug 2006.
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Banking and Financial Services Sector
109 Banks are registered in Singapore 155
Insurance companies are registered with MAS About
500 registered institutions in the Banking
Financial Services Sector
The financial sector grew by 6.5 from 2004,
supported by a healthy 9.1 growth in the largest
industrial sector of banking
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In terms of employment opportunities .
4.9 of the employed workforce was working in the
financial sector as of June 2005, but the sector
contributed to 10.9 of total GDP in 2005.
Banks report the highest expectations, with 66
forecasting increased headcount. This is driven
by Singapore.s growing role as a banking
operations hub.
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Source DOS

• Switzerland
• Caribbean islands
• Luxembourg
• US
• Channel Islands
• Singapore
• Ranking of Off Shore Private Banking Centre
• Boston Consulting Group

• Singapore is the fastest-growing centre for
  private banking
• 20 growth rate of assets under management
• US200billion this year

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• Citigroup plans to recruit 100 new staff to
  serve private clients.
• Credit Suisse added 150 employees in Singapore
  last year . Total 450.
• Clariden Bank (a unit of Credit Suisse)
• plans to increase staff from 32 to 50 by years
  end.
• Manages 35 billion for clients with assets of 1
  million (1.22 million).

In demand
Private Bankers Relationship Managers Product
Specialist Tax Consultants Compliance Internal
Audit
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Banking and financial services recruit graduates
from a wide range of studies, across 1st degree
and post-grad degrees alike.
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Manufacturing Engineering Services Chemicals
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Source Economy of Singapore Survey 2005
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Source Economy of Singapore Survey 2005
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Graduate Opportunities
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Average Remuneration of the Sector
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Chemicals
In demand
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• BioMedical Sciences
• Manufacturing
• 2005, output was 18billion
• Since 2000, has become the 3rd largest
  manufacturing sector in Singapore
• Employed 10,200
• cGMP (current Good Manufacturing Practices

Companies in Singapore
Positions in BioMed Manufacturing
Production Engineering Maintenance Validation
operations
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But for those who are interested in Research
RD areas include - Bioinformatics - Biomedical
Engineering - Biostatistics- Clinical
Research - Computational Biology - Medicinal
Chemistry- Molecular Cell Biology
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OPPORTUNITIES ?
Main Entry opportunity Pronunciation
"ä-pr-'tü-n-tE, -'tyü-Function nounInflected
Form(s) plural -ties1 a favorable juncture of
circumstances ltthe halt provided an opportunity
for rest and refreshmentgt2 a good chance for
advancement or progress
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Global Talent Shortage Survey
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About Contact Singapore Contact Singapore
promotes working and living in Singapore. It
works with partners in industries, professional
organizations and institutes of higher learning
to link Singapore-based employers to a wide
network of global talent. Through these
partnerships, Contact Singapore's international
offices facilitate the exchange of information on
employment landscape and industry developments to
individuals who are interested in pursuing a
rewarding career and lifestyle in
Singapore. Students interested to find out more
about our employer partners and links to career
resources, please visit www.contactsingapore.or
g.sg
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patrinalim_at_cs.org.sg
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