Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection
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Transcript of Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection
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Are we overpaying or underpaying?Undergrad Wage and Job Expectation.July 2015
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Surveyed Respondent
STUDENT GROUP MAJOR UNIVERSITIES
Hanoi Foreign Trade University
Hanoi University of 51%49%
Freshman
Senior 27%
33%
26%
REGION
Hanoi University of Science and Technology
Hanoi National University of Education
Hanoi Law University
HCMC University of Agriculture and Forestry
Van Lang University
Senior
71%HaNoi
13%
27%26%
© 2015 MarketIntello. The copyrights of this report belong to MarketIntello. The results of this survey can be publicly used, but must be cited and sourced from MarketIntello.
Total = 70029%
0% 20% 40% 60% 80%
HCMC
Educaton and training
Social sciences
Economy Engineering technology
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Salary is the most important factor when looking for a job
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Your firm’s reputation? No, it’s the last criteria when undergrads consider when they are seeking for job
67%
19%22%
25% 26%28%
30%33%
43%
1%
5%7%
11%
Other Enterprisereputation
Developingenterprise
Good manager
Apply skillsand
specialized knowledge for
work
Work-lifebalance
Work indesired field
Trainingskills
Compensationschemes
Promotionopportunities
Job Stability Good workenviroment
Salaryschemes
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Students with part-time job expects higher wage than the rest
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32%<of students are having a part-time job
Not many students are having part-time jobs
31%
32%<part-time job
of them are having jobs relevant with their major at university
65%
35%
74%
27%
68%
32%
No
Yes
Total HCMC Hanoi
42%
final year students having part-time jobs would like to pursue a full time position in the same area that they are now working after graduation
More students in Hanoi are holding part-time jobs than those in HCM
Total HCMC Hanoi
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Student’s earnings from part-time jobs is lower than their monthly spending
21%Under VND 1
million 48%
54%
48%
43%
44%
21%
58%
1 - 2 VND million
million
Senior
Freshman
48%
45%
7%
40%
6%
45%
48%
7%
Total
HCMC
Hanoi
Students’ earnings from part-time jobs Students’ monthly spending
13%
21%
Over VND 2 million
Under 2.5 VND million 2.5 - 5 VND million Over 5 VND million
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Wage expectation is different among students who has part-time jobs and none
36%
42%41%
Those who are having part-time jobsexpect high wage of over VND 8 mil.While the others expect an averageearnings from VND 4 – 6 mil.
2% 1% 0%
7%
12%10%
25% 25%
21% 20%
30%29%
Part-time job relevant to future job
Part-time job irrelevant to future job
Do not have part - time job
Under 2 VND million 2 - 4 VND million 4 - 6 VND million
6 -8 VND million Over 8 VND million
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Ho Chi Minh City
More monthly spending doesn’t mean higher wage expectation with students in HCMC
42% 43%
62%
36%
Under 2 VND million
2 - 4 VND million
Hanoi
0% 0% 0%4% 6%
0%
18%
27%
15%
23% 23%
Low expenditure Average expenditure High expenditure
4 - 6 VND million
6 -8 VND million
Over 8 VND million
32%
40%
32%30%
41%
0% 0%3%
15%
11%
6%
32% 32%
22% 21%18%
30%28%
Low expenditure Average expenditure High expenditure
Under 2 VND million
2 - 4 VND million
4 - 6 VND million
6 -8 VND million
Over 8 VND million
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Own a Startups? – Nope!
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As always, startups is not student first choice. They see themselve having a dream job atthe foreign invested enterprises.
Expected job sectors Wage expectation for each sector
36%
43%
6%
Public sector
Foreign investment area
Start - up
19%
48% 49%
26%
21%
17%
25%25%
15%
44%
Under 2 VND million
2 - 4 VND million
4 - 6 VND million
6 -8 VND million
Over 8 VND million
1%
15%
Other
Non-state sector
0% 0.4% 0.4%
6% 5%
Non-state sector Public sector Foreign investment area
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Students expect to have a position that match their major at university but are opento have a job in different areas.
62%65%
59%
Total Freshman Senior
22%
16%
25%
10%
19%22%
Intend to take jobs related to your major Only take job related to your majors Only take jobs unrelated to your majors
Those who only wish to work in areas that different from their majors at university expects salary rate that may surprise employers*.
*Contact us at [email protected] for further details
Intend to take jobs related to your major but feasible to change to unrelated one
Only take job related to your majors Only take jobs unrelated to your majors
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Expectation on future wage and benefits
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More than
50% expects a salary of lower than VND 5 mil. after one year of working
Wage expectations by time are close to reality
12%
35%
30%
23%
12%
34%
31%
23%
13%
35%
30%
22%
Total
Freshman
Senior
20%
39%
36%
16%
5%
HCMC
Over 15 VND million
10 - 15 VND million
5 - 10 VND million
Wage expectation after 3 years of working
12%12%
Under 5 VND million
5 - 10 VND million 10 - 15 VND million
Over 15 VND million
Senior
24%
27%
34%
16%
Hanoi
Under 5 VND million
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55%53%
57%
It is expected that five years of working experience could bring back higher salaryand benefit but how big it is?
15%
27%
13%
32%
17%
22%
Total
Freshman
Senior
This information is intentionally left blank, please contact us for more
details.
4%3%
4%
Under 5 VND million 5 - 10 VND million 10 - 15 VND million Over 15 VND million
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