Singapore adult learners expect an average pay raise of 35 percent after attaining their first Bachelor's degree, according to the JobsCentral Learning Rankings & Survey.
Held every year since 2009, the study project reflects the learning preferences of the general population and the rankings of Singapore's private education institutes landscape.
A total of 5,476 respondents took part in the survey, which was conducted online from September to October this year. The survey has an error margin of 1.32 percent at a 95 percent confidence level.
Data from the survey indicates that 23 percent of respondents believe their first degree entitles them to an average increase of 50 percent or more in wages.
A similar proportion of those surveyed (24.6 percent) expect to get 50 percent increase and above in wages when they attain post-graduate qualifications such as a Master's, PhD or MBA.
"Most employers acknowledge their employees' new qualifications but will not automatically increase pay. Usually a pay increment will only be given if the employee is outperforming, underpaid or taking on new duties," said Lim Der Shing, CEO of JobsCentral Group.
Crucially, employees need to discuss wage expectations with their employers before embarking on costly education programmes, added Lim.
The survey also found a marginal increase in the proportion of those seeking further education, bucking a downward trend since 2009.
"In 2009, we saw recessions in many parts of the world and in that year, 79.3 percent of the people surveyed were keen on further education. As the economy recovered in the next two years, the percentages dropped," said Lim.
"It's too early to tell, but if the current gloomy and uncertain economic sentiments continue, we may see a gradual increase in adults applying for further learning in 2013," added Lim.
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