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Salary for new college graduates hits 28.3 mln won
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Sun Sep 30, 2007 12:11 am    Post subject: Salary for new college graduates hits 28.3 mln won Reply with quote

Foreign firms' average annual salary for new college graduates hits 28.3 mln won: poll
Quote:
New college graduates employed by foreign companies in South Korea receive an average annual salary of 28.3 million won (US$30,780), a poll conducted by a recruitment Web site showed Sunday.

According to the survey of 131 foreign-invested firms operating here by Saramin, an online job portal, companies in the oil, gas and energy industry paid the highest average salary of 33.8 million won a year, trailed by 32.06 million won in the financial services industry and 31.8 million won in the medical supplies sector.

By Kim Yoo-seung, Sept. 30 (Yonhap News)
http://english.yonhapnews.co.kr/business/2007/09/30/0503000000AEN20070930000600320.HTML
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The_Conservative



Joined: 15 Mar 2007

PostPosted: Sun Sep 30, 2007 2:10 am    Post subject: Reply with quote

So still about 5 or 6 million below what I'm making then? And that STILL doesn't include housing and airfare.

Sounds about right. Laughing
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Sun Sep 30, 2007 3:03 am    Post subject: Reply with quote

The_Conservative, you are similar to a 22 year old recently graduated Korean university student?

So, The_Conservative's university is similar to the average Korean university? How were the standards and degree requirements for your university? Are you assuming that the recent graduated Korean students are not provided housing?

Are you a teacher or an assistant?
Do you have tenure?
Do you have to worry about yearly contract renewal?

Teachers in Korea have guaranteed tenure until they reach the mandatory retirement age.
Attracting, Developing and Retaining Effective Teachers
Country Note: Korea
John Coolahan, Paulo Santiago, Rowena Phair and Akira Ninomiya
Organisation for Economic Co-operation and Development, Directorate for Education, Education and Training Policy Division
http://www.oecd.org/dataoecd/26/49/31690991.pdf

If you stay working in the same place for 15 years, you will be earning approximately 50,000,000 won (or about US$51,640) annually, right?
Indicator D3: What are teacher salaries?
Excel file: http://www.oecd.org/dataoecd/36/1/39290909.xls
Education at a Glance 2007, OECD
Website: http://www.oecd.org/document/30/0,3343,en_2649_37455_39251550_1_1_1_37455,00.html

"According to a recent survey, a growing number of Korean teachers of English conduct their classes in Korean only, contrary to efforts in creating an environment in which students can be better immersed in English.... The number of teachers using only English in class was 22.3 percent in 2003, but fell to 19.9 in 2004 and 17.6 last year. Meanwhile, the ratio of those using only Korean in class rose to 12.9 percent last year from 10.7 percent in 2004 and 9 percent in 2003."
Source:
School English Classes: Quality of Teaching Appears to Be Diminishing
Editorial, Korea Times (June 7, 2006)
http://times.hankooki.com/lpage/opinion/200606/kt2006060717004354050.htm

Foreigners Experience Difficulties in Living in Korea
by Jae-Dong Yu and Soo-Jung Shin, Donga.com (July 4, 2004)
http://english.donga.com/srv/service.php3?biid=2004070522448
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bosintang



Joined: 01 Dec 2003
Location: In the pot with the rest of the mutts

PostPosted: Sun Sep 30, 2007 6:50 am    Post subject: Reply with quote

Making a bit more than an entry-level salary worker made me feel like I was making decent money when I first went to Korea. Four years later, I started to feel I was being left behind.

If Korea wants to attract talent and quit complaining about 'unqualified' teachers, there's no reason why salaries of experienced, professional ELT teachers shouldn't be moving upwards.
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Korlingus



Joined: 01 Sep 2007

PostPosted: Sun Sep 30, 2007 8:27 am    Post subject: Reply with quote

Call out the whaaaaaambulance for RR.

Here's a bit of news for you. Whine all you want, twist second-rate internet articles to make your point, and cry a river, but you won't change the job market. It all boils down to simple supply side economics.

If you are that dissatisfied with the status quo, get off your butt, get out of the hagwon black hole, and apply yourself. It's that simple. Guess what? You're not Korean, you're not going to get equal treatment, and your peers employed elsewhere are passing you by.

How many hours of actual work do you put in a week RR? Let's be honest. 20? 30? Don't say 40! Guess what? Success comes with a price, and if you aren't willing to pay the piper, all the whining about inequity won't make it better.
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Pyongshin Sangja



Joined: 20 Apr 2003
Location: I love baby!

PostPosted: Sun Sep 30, 2007 10:54 am    Post subject: Reply with quote

All your ass-kissing to Korean racism won't change a thing either.
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cubanlord



Joined: 08 Jul 2005
Location: In Japan!

PostPosted: Sun Sep 30, 2007 2:54 pm    Post subject: Re: Salary for new college graduates hits 28.3 mln won Reply with quote

Real Reality wrote:
Foreign firms' average annual salary for new college graduates hits 28.3 mln won: poll
Quote:
New college graduates employed by foreign companies in South Korea receive an average annual salary of 28.3 million won (US$30,780), a poll conducted by a recruitment Web site showed Sunday.

According to the survey of 131 foreign-invested firms operating here by Saramin, an online job portal, companies in the oil, gas and energy industry paid the highest average salary of 33.8 million won a year, trailed by 32.06 million won in the financial services industry and 31.8 million won in the medical supplies sector.

By Kim Yoo-seung, Sept. 30 (Yonhap News)
http://english.yonhapnews.co.kr/business/2007/09/30/0503000000AEN20070930000600320.HTML


All great resources. However, there seems to be one thing missing and that is the simple fact that:

many of us have several weeks/months of vacation per year.
We have housing paid for (bonuses too)
We receive many other tangible benefits from our employers

Thus, my fellow foreigners, don't think of your 2 mil. a month as just salary. You have to include the X HOURS a week you work compared to the average Korean, the gang-load of vacation you get, etc. into your total salary. When you look at it from that perspective, I.E. the right perspective, you really are STILL making out like a bandit.

Good for Koreans! It's about time they get more money.
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The_Conservative



Joined: 15 Mar 2007

PostPosted: Sun Sep 30, 2007 4:52 pm    Post subject: Reply with quote

( italics are mine)

Real Reality wrote:
The_Conservative, you are similar to a 22 year old recently graduated Korean university student?
Read my post again. They are nowhere near me

So, The_Conservative's university is similar to the average Korean university? I don't work at a university

How were the standards and degree requirements for your university? Are you assuming that the recent graduated Korean students are not provided housing?
If they live with Mom and Dad then yes, if they live on their own then it's not very likely

Are you a teacher or an assistant? Teacher
Do you have tenure? Going on three years
Do you have to worry about yearly contract renewal? No, contract renewal consists of "So can you stay here one more year?" And it's not like there aren't plenty of jobs out there

Teachers in Korea have guaranteed tenure until they reach the mandatory retirement age.
Attracting, Developing and Retaining Effective Teachers
Country Note: Korea
John Coolahan, Paulo Santiago, Rowena Phair and Akira Ninomiya
Organisation for Economic Co-operation and Development, Directorate for Education, Education and Training Policy Division
http://www.oecd.org/dataoecd/26/49/31690991.pdf

If you stay working in the same place for 15 years, you will be earning approximately 50,000,000 won (or about US$51,640) annually, right?
Indicator D3: What are teacher salaries?

ONLY 50,000,000 won? Including my housing I make nearly half AGAIN that.
Excel file: http://www.oecd.org/dataoecd/36/1/39290909.xls
Education at a Glance 2007, OECD
Website: http://www.oecd.org/document/30/0,3343,en_2649_37455_39251550_1_1_1_37455,00.html

"According to a recent survey, a growing number of Korean teachers of English conduct their classes in Korean only, contrary to efforts in creating an environment in which students can be better immersed in English.... The number of teachers using only English in class was 22.3 percent in 2003, but fell to 19.9 in 2004 and 17.6 last year. Meanwhile, the ratio of those using only Korean in class rose to 12.9 percent last year from 10.7 percent in 2004 and 9 percent in 2003."
Source:
School English Classes: Quality of Teaching Appears to Be Diminishing
Editorial, Korea Times (June 7, 2006)
http://times.hankooki.com/lpage/opinion/200606/kt2006060717004354050.htm

Foreigners Experience Difficulties in Living in Korea
by Jae-Dong Yu and Soo-Jung Shin, Donga.com (July 4, 2004)
http://english.donga.com/srv/service.php3?biid=2004070522448



Also keep in mind most of us (public school teachers) only work 22 (20 for me) hours a week and no Saturdays. Factor that in as well, and we are doing very well for the amount of work required.
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Juregen



Joined: 30 May 2006

PostPosted: Sun Sep 30, 2007 6:06 pm    Post subject: Reply with quote

bosintang wrote:

If Korea wants to attract talent and quit complaining about 'unqualified' teachers, there's no reason why salaries of experienced, professional ELT teachers shouldn't be moving upwards.


They are not looking for qualified people, I thought everyone knew that.

They cannot see the difference between N00bs and experienced teachers, so why would they be inclined to pay for it?
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Thunndarr



Joined: 30 Sep 2003

PostPosted: Sun Sep 30, 2007 6:58 pm    Post subject: Reply with quote

The_Conservative wrote:
ONLY 50,000,000 won? Including my housing I make nearly half AGAIN that.


So, you make nearly 75,000,000 won per year if you include your housing? No, I don't think so.

The_Conservative wrote:
Also keep in mind most of us (public school teachers) only work 22 (20 for me) hours a week and no Saturdays. Factor that in as well, and we are doing very well for the amount of work required.


And you only work 20 hours a week? Once again, I don't think so. I bet you only teach 20 classes per week, but I bet you've got to physically be on site for much more than that. (A good teacher would at least admit to spending SOME time lesson planning, which, to most rational people, also counts as work.)

God, you have absolutely zero credibility.


Last edited by Thunndarr on Sun Sep 30, 2007 10:51 pm; edited 1 time in total
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sojourner1



Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug

PostPosted: Sun Sep 30, 2007 8:50 pm    Post subject: Reply with quote

40 million won would be ideal in Korea or my home country, but neither job market produces that kind of opportunity unless in the older more experienced ranks. I remember during all my years of growing up how $40,000 a year was the proverbial amount that college graduates shot for and usually received, but not in recent years. I grew up believing money would not be an issue since I knew I could do all the things success demands, provided opportunities exists. Things are tough now days so you will still be doing good if you're doing $28,000 to $35,000 in Korea or home country. Better yet, if you end up with a certification or 2 year technical degree, you will probably fare a whole lot better than with a traditional bachelors and even a masters degree.

My sister has only a GED, but a 1 year LPN nursing certification and is earning like $35,000 a year. A friend has a 12 week IT certification and is making an income in the low 40's. Another friend has 3 weeks of truck driving school and earns somewhere in the mid 40's. Many friends have a bachelors and some a masters, but can't find work paying more than $18,000 to $25,000 a year. It just goes to show that college is actually a burden on us today.
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The_Conservative



Joined: 15 Mar 2007

PostPosted: Mon Oct 01, 2007 1:57 am    Post subject: Reply with quote

Thunndarr wrote:
The_Conservative wrote:
ONLY 50,000,000 won? Including my housing I make nearly half AGAIN that.


So, you make nearly 75,000,000 won per year if you include your housing? No, I don't think so.

I suggest you stop thinking and leave it to people who are capable of such feats. According to my handler my apartment costs the school 40 million a year. Granted his English is crap..but that is what he maintains. Add that to my salary and it comes to just a couple of million of won below the 75 million. According to Ben Glickman each of us costs about 100 million won a year so I doubt that 75 million "breaks the bank".




The_Conservative wrote:
Also keep in mind most of us (public school teachers) only work 22 (20 for me) hours a week and no Saturdays. Factor that in as well, and we are doing very well for the amount of work required.


And you only work 20 hours a week? Once again, I don't think so. I bet you only teach 20 classes per week, but I bet you've got to physically be on site for much more than that. (A good teacher would at least admit to spending SOME time lesson planning, which, to most rational people, also counts as work.)

20 hours=20*60=1200 minutes. 20 classes*40 minutes=800. It takes about 20 minutes to prepare for a lesson plan...given that the plans are already prepared for you it doesn't really take that long. It may take YOU more than 20 minutes to get ready to teach a pre-prepared lesson plan, but don't assume that every one is in the same boat.

God, you have absolutely zero credibility.


Says the troll. Rolling Eyes

TUM had the right idea. Welcome to my ignore list (you must be getting pretty used to that by now)




Last edited by The_Conservative on Mon Oct 01, 2007 2:27 am; edited 2 times in total
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mspencer1983



Joined: 17 Sep 2007

PostPosted: Mon Oct 01, 2007 2:08 am    Post subject: Reply with quote

sojourner1 wrote:
40 million won would be ideal in Korea or my home country, but neither job market produces that kind of opportunity unless in the older more experienced ranks. I remember during all my years of growing up how $40,000 a year was the proverbial amount that college graduates shot for and usually received, but not in recent years. I grew up believing money would not be an issue since I knew I could do all the things success demands, provided opportunities exists. Things are tough now days so you will still be doing good if you're doing $28,000 to $35,000 in Korea or home country. Better yet, if you end up with a certification or 2 year technical degree, you will probably fare a whole lot better than with a traditional bachelors and even a masters degree.

My sister has only a GED, but a 1 year LPN nursing certification and is earning like $35,000 a year. A friend has a 12 week IT certification and is making an income in the low 40's. Another friend has 3 weeks of truck driving school and earns somewhere in the mid 40's. Many friends have a bachelors and some a masters, but can't find work paying more than $18,000 to $25,000 a year. It just goes to show that college is actually a burden on us today.


this is ABSOLUTELY correct! unless you are independantly wealthy and are doing graduate degrees for personal acheievement, it really is a better idea to get a technical certification and begin working about 2 years out of highschool....

spending 4 years in a BA program and coming out in debt *somtimes s***loads in debt* and still not being employable without a post degree or masters is ridiculous....at 22 i found myself about 20 grand in debt and 4 years behind my highschool graduate counterparts in work experience.

it no longer pays to use your brain.

although i probably wouldnt want to be driving a truck for a living...higher salary or not.
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reactionary



Joined: 22 Oct 2006
Location: korreia

PostPosted: Mon Oct 01, 2007 2:43 am    Post subject: Reply with quote

I've also heard the unemployment for Korean grads is quite high. My GF graduated an American university and is back in Korea. She hasn't been able to land anything.
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Thunndarr



Joined: 30 Sep 2003

PostPosted: Mon Oct 01, 2007 5:19 am    Post subject: Reply with quote

The_Conservative wrote:
Thunndarr wrote:
The_Conservative wrote:
ONLY 50,000,000 won? Including my housing I make nearly half AGAIN that.


So, you make nearly 75,000,000 won per year if you include your housing? No, I don't think so.

I suggest you stop thinking and leave it to people who are capable of such feats. According to my handler my apartment costs the school 40 million a year. Granted his English is crap..but that is what he maintains. Add that to my salary and it comes to just a couple of million of won below the 75 million. According to Ben Glickman each of us costs about 100 million won a year so I doubt that 75 million "breaks the bank".




The_Conservative wrote:
Also keep in mind most of us (public school teachers) only work 22 (20 for me) hours a week and no Saturdays. Factor that in as well, and we are doing very well for the amount of work required.


And you only work 20 hours a week? Once again, I don't think so. I bet you only teach 20 classes per week, but I bet you've got to physically be on site for much more than that. (A good teacher would at least admit to spending SOME time lesson planning, which, to most rational people, also counts as work.)

20 hours=20*60=1200 minutes. 20 classes*40 minutes=800. It takes about 20 minutes to prepare for a lesson plan...given that the plans are already prepared for you it doesn't really take that long. It may take YOU more than 20 minutes to get ready to teach a pre-prepared lesson plan, but don't assume that every one is in the same boat.

God, you have absolutely zero credibility.


Says the troll. Rolling Eyes

TUM had the right idea. Welcome to my ignore list (you must be getting pretty used to that by now)




You're an idiot if you think your school is shelling out 40 million a year for your apartment. Let's let this sink in once again. You think your school is paying more for your apartment than they pay you. How dumb are you? How long have you lived in Korea that you've never heard of the concept of chonsei? My god, and you have the nerve to call me the troll. I'm not the one who said he's compensated close to 75,000,000 a year for a (according to your description) part time job.

Second, jackass, in your first post you said you worked 20 hours. (An honest and credible person here would admit that he was talking about teaching hours, you know, where 40 teaching minutes=1 hour. ) But really, that's beside the point, let's say that you really are sticking with your story about only being on site for 20 hours a week. You are lying.

But yeah, I'm the troll.

Edit:

Quote:
An Internet troll, or simply troll in Internet slang, is someone who intentionally posts controversial or contrary messages in an online community such as an online discussion forum, especially GameFAQs, or USENET, with the intention of baiting users into an argumentative response.


I'd say that someone who claims to pull in close to 75,000,000 a year for a part time job in ESL is certainly baiting users into an argumentative response.
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