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Are we overpaying or underpaying? Undergrad Wage and Job Expectation. July 2015

Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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Page 1: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

Are we overpaying or underpaying?Undergrad Wage and Job Expectation.July 2015

Page 2: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 3: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

Salary is the most important factor when looking for a job

Page 4: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 5: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

Students with part-time job expects higher wage than the rest

Page 6: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 7: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 8: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 9: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 10: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

Own a Startups? – Nope!

Page 11: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 12: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 13: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

Expectation on future wage and benefits

Page 14: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 15: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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

Page 16: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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Page 17: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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Page 18: Are we overpaying or Underpaying? 2015 Vietnam Undergrad Wage Expection

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