Double whammy for graduates

PETALING JAYA: Degree holders are facing a double whammy as they stare at shrinking starting salaries coupled with a declining demand for high-skilled jobs.

Bank Negara, in its Annual Report 2018, revealed that real monthly salaries for fresh graduates holding a diploma or degree have dipped since 2010.

With the amounts adjusted for inflation, the starting pay for graduates with a basic degree was RM1,993 in 2010 whereas the amount dropped by RM10 to RM1,983 in 2018.

Those with a Master’s degree saw an even greater decline in their starting pay.

Their real minimum salary recorded was RM2,923 in 2010 while this figure dropped to RM2,707 in 2018.

Read more here: The Star Online