Fresh grads banking on finance sector

Fresh grads banking on finance sector

SINGAPORE - After finishing a bachelor's degree in aerospace engineering, 25-year-old Samuel Chan is ready to start a career - in banking.

The Nanyang Technological University graduate will join UOB Group's Management Associate programme next month.

As an undergraduate, Mr Chan had an academic interest in engineering. But when it came to jobs, he decided that the sector was not for him. "I felt that it was probably less commercial, less dynamic and less fast-paced than banking," he said.

And then, there is the pay. Industry surveys suggest that entry- level pay in engineering jobs is around $2,800 monthly, compared to over $3,000 in finance.

The job market for fresh graduates is seeing a mismatch between aspirations and employer demand.

This may mean tough competition in areas such as finance, and too little in those such as engineering, say experts.

"Our engineering cohorts each year do not enter the industry but seek opportunities in other industries, particularly in the finance field," said managing director David Leong of human resource firm PeopleWorldwide Consulting.

Besides better pay, the finance sector is also perceived by some as being more attractive in terms of job scope and prospects.

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