The golden ticket to a good job here, in time to come, will no longer come solely in the form of a degree.
As reported by My Paper, Singapore could face a graduate glut - with 40 per cent of the cohort likely to participate in local universities by 2020. This could hit starting pay.
But to get ahead despite this competition, experts said would-be degree holders should stop their obsession with starting pay. They should focus, instead, on getting the right degree and on gaining work experience.
"Graduates need to realise that, while education is an important factor when entering the workforce, there is no substitute for hands-on experience," noted Chris Mead, regional director of Hays in Singapore and Malaysia
Such experience, he said, can be gained by taking on internships to "gain new skills and practical experience" during school breaks, or going into entry-level roles.
Jaya Dass, associate director of Randstad Singapore, added that local graduates should look beyond starting pay when looking for a job.
"For many Singaporean graduates, the focus tends to be on what employers can offer them, rather than how they are able to contribute to the marketplace or economy."
This mindset may put them at a disadvantage when it comes to getting job opportunities, she explained, especially with foreign graduates in the job market who "see the glass as half full" - a very attractive quality for employers.
"If (local graduates) compromise on salary or starting level in order to get into the right role, field, industry or function, their growth will definitely be quicker in the long run."