Starting salary of fresh grads in your respective companies?

[Swatch]

Am working for a multi-national company, and from what I've heard from HR, we usually offer a starting salary of about P18,000-P20,000 for fresh grads (no experience). Once they become regularized, they could avail of a Car Loan, etc. etc. and will receive a considerable transpo allowance every month. Too Bad, I didn't start as fresh grad in my present company, and I envy our fresh grad hirees, laki kagad ng suweldo nila. I'm not sure if this is high na or low pa compared to other companies, especially the multi-national ones.

How about in your respective companies?

[nix]

I used to work for the Ramcar food group (KFC and Mister Donut) and the starting salary there is around 12-15K. But I have to admit that the President there is very biased, and he rarely admits non-Ateneans for the Management Trainee position. I think that most starting salaries now fall within this range.

As for Multinational companies, a majority of them do pay upwards of 15K. Any more points of view from the other new grads?

[Jacob]

F*ck! I reached 15K when I was in my third year in advertising!

Kailangan na talagang lumipat ako!

[Mavi]

I used to work in the HR department of a multinational company. Our starting salary ranges from 10K up, depending on your qualifications of course.

[Ira]

Resident physicians' starting pay in a private hospital ranges from PhP2000/mo to around PhP8000/mo. Government hospitals pay around PhP10,000-PhP30,000/mo. These are all without deductions yet. Whoever said doctors earn a lot? :)

[Kamatayan]

Mas mababa pa sa private Ira ??? 2T to 8T ??? How many days of work naman pumapasok yun... Does he work in several hospitals ?

[archangel]

Kamats,
In UST hosp., resident doctors work for 6 days and sometimes for 24 hours in a duty!

[batang uliran]

That physician salary is at the start. I wonder though if the earning potential in the long run is similar to the other professional fields?

[Ira]

6 days, 24 hour duty lang? Ang swerte naman nila! In some hospitals, residents work 48-72 hour shifts, 7 days a week. The usual would be 34 hour duties, every 2-3 days, 7 days a week.

Kamats: Yup, private hospitals pay half the amount of government hospitals. You come in 7 am if you're a nonsurgical resident, and much earlier when you're in surgery (you have to have finished your hospital rounds by the OR's cutting time, 7 a.m.). You are supposed to get home at 5 pm, but in reality, you get home much, much later (maybe 9 or 10 pm). You are on duty, usually every 3rd day, though the worst fields make you go on duty everyday, with 2-hour leeways to go home to get a change of clothes. And no, he only works in one hospital. There is a raise when you reach higher years, but it's only about a few hundred pesos.

BU: Probably not. Doctors deal kasi with individuals; businessmen deal with goods and services, and thus, have the potential to earn more per hour than doctors ever will.


[This message has been edited by Ira (edited 12-15-1999).]

[Mikoid]

I think that there are a lot of young, lean companies that are looking for fresh grads and are willing to pay well. This is quite evident in the IT industry, particularly in Internet services where the barriers to entry are so low.

Also, like any market, it's all a question of supply and demand. Hot fields like Internet development command higher salaries, than, say, marketing or editorial positions.
That's in the short-term -- many experienced marketing people later become involved in overall corporate strategy (big-bucks), while the techies stay behind their computers.

However, starting salary should not be much of an issue when picking your first job. Growth and training are much more important than a paycheck, and will pay off in the long-run.

Some companies pay well, but you're stuck in a server room where you don't interact with anyone else but your own production team. Others pay little, but you get to meet key industry players where you might gain experience, knowledge, and a position of reponsibility.

Don't think about the short-term, but create a medium-term career plan. Ask yourself where you'd like to be in the next 5 years. Finally, make sure you're doing something you enjoy -- there's no greater reward, believe me!

- Mikoid

PS -- Ira, I take it then that the good medical $$$ are in private practice?

[Ira]

Mikoid: Yes, but just because a doctor is in private practice doesn't mean he's going to be well-off. The trick nowadays is going into subspecialty. There are just too many physicians in Metro Manila that you have to think of new tricks to catch your share of the market.

[Yoshi]

Malaki na rin pala. Now I'm excited to graduate...hehehe :)

[hard_guy00]

lalang...

i just wanna bump off recent entries. hehe.

[zimdude]

I often slide into the thinking of "what if I started in a multinational company..." or "what if I worked abroad...".
Or figuring out alternative realities where I will be working so and so amount per month...

... in any case I do not know how much fresh grads are paid in my company. :)

[seav]

Originally posted by Mikoid
...
Some companies pay well, but you're stuck in a server room where you don't interact with anyone else but your own production team. Others pay little, but you get to meet key industry players where you might gain experience, knowledge, and a position of reponsibility.

Don't think about the short-term, but create a medium-term career plan. Ask yourself where you'd like to be in the next 5 years. Finally, make sure you're doing something you enjoy -- there's no greater reward, believe me!

- Mikoid


Not everyone really wants to interact with people and it
just so happens that some of the jobs that pay well doesn't
need that much people skills. As you've said, "make sure you're doing something you enjoy."

[Fortune]

i work for a top bank whose owner is not an ERAP crony
2 ways to get in
first R/F - this people get around 8k a month starting (16 months + allowances)
2nd for graduating with honors and willing to undergo mgmt training - result 1st level officer - maybe its 20k (16 months + allowances + perf bonus + car plan etc)

the bank is making a lot of money and even did well despite the crisis
this year we got increases of at least 10%, so its financially rewarding
marami ka pang matutunan and if you really do well chances are "PIRATEABLE" ka na