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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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 Posted: Tue Mar 04, 2008 4:04 pm Post subject: Starting Salary for New College Graduates? |
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College graduates start at W24m
The Korea Herald (March 5, 2008)
http://www.koreaherald.co.kr/NEWKHSITE/data/html_dir/2008/03/05/200803050071.asp
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The average starting salary for four-year college graduates working for small- and medium-sized companies is 24,020,000 won, according to a survey released by an online employment website yesterday....
The survey showed that the bigger the company, the more it offered in salary. Companies with 200-300 workers paid their employees almost 25 million won, while smaller ones paid less.... |
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RobinR
Joined: 18 Feb 2008
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| Posted: Tue Mar 04, 2008 8:37 pm Post subject: |
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so about 2-2.1 million/month?
jeez I must have really lucked out... 2.5 here. |
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dazzed
Joined: 26 May 2007
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| Posted: Tue Mar 04, 2008 10:00 pm Post subject: |
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| i've seen 2.6 once but most cases 2.0 - 2.2 |
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KoreanAmbition
Joined: 03 Feb 2008
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| Posted: Tue Mar 04, 2008 10:32 pm Post subject: |
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I think it's funny how they comment that bigger salaries pay more.
1,000,000 won per year? That's like $1000.
That's about $85 a month, before taxes. hehe
I wonder if working for a big company is worth that little extra money? |
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Oreovictim
Joined: 23 Aug 2006
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| Posted: Tue Mar 04, 2008 11:28 pm Post subject: |
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I like the job postings that say, "You can make anywhere from 2.0 - 3.0 a month!" Yeah, sure ya can. They might as well make it 2.0 - 100.0.
I did see a job where you make 2.4 - 2.8. 2.4 is pretty good, but you're working 10 1/2 hours a day. No thank you. |
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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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| Posted: Mon Nov 24, 2008 4:18 am Post subject: |
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Korean College Grads' Starting Salaries Too High
Donga.com NOVEMBER 24, 2008
http://english.donga.com/srv/service.php3?biid=2008112402808
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A report released yesterday said the starting salaries of Korean college graduates are excessively high compared to major economies worldwide.
The study was conducted by the Korea Employers Federation on the starting salaries of college graduates in major economies. The average first-year salary of Korean college graduates with full-time jobs was 25,605 U.S. dollars based on the average exchange rate last year (929.2 won to the dollar), 27.9 percent higher than the average income of 20,016 dollars....
The average starting salary of a college graduate in a Korean financial company was 33,514 dollars, 50.5 percent higher than in Japan (22,273 dollars). The average starting salary of a college graduate in a Korean company with more than 1,000 employees was 29,806 dollars, 18 percent higher than Japan's (25,256 dollars). |
Teachers' salaries -- From The Economist (Sep 27th 2007)
http://www.economist.com/markets/indicators/displaystory.cfm?story_id=9867632
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| Teaching in Turkey and South Korea has a very high status, with earnings more than double the average income per head.... |
image link: http://media.economist.com/images/20070929/CIN080.gif
Teacher Labor Markets in Developed Countries
The Future of Children
http://www.futureofchildren.org/information2850/information_show.htm?doc_id=470797
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| By almost any measure, Germany, Japan, and Korea pay generous salaries to their teachers relative to other counties, including the United States.... |
http://www.futureofchildren.org/information2827/information_show.htm?doc_id=470140
Teacher Salaries to GDP per Capita
image link: http://www.futureofchildren.org/doc_img/470797.gif |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Mon Nov 24, 2008 5:30 am Post subject: |
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Wow, they're claiming that $25,000 starting salary is too high? They might be right in that's it's high compared to world economies. This is quite low pay in this day and age. So in America, the average starting salary must be about $18,000 a year these days which is around what most people earn working full time, degree or not.
Whether you're Korean, American, or someone else, you're either a bread winner or a crumb snatcher in today's economy. |
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The_Source
Joined: 09 Oct 2008
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| Posted: Mon Nov 24, 2008 12:58 pm Post subject: |
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| Teaching in Turkey and South Korea has a very high status, with earnings more than double the average income per head.... |
More evidence that FTs are not real teachers in this country. |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Mon Nov 24, 2008 4:47 pm Post subject: |
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That starting salary for Korean office workers is bogus.
All the Korean people I know that have 4 year degrees from good Universities (not the top ones) start off making around 1.5-2.0 mil a month. Thats with 3 vacation days. 5 if they are lucky. |
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hagwonnewbie
Joined: 09 Feb 2007
Location: Asia
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| Posted: Mon Nov 24, 2008 7:12 pm Post subject: |
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| Don't forget they're working 50 - 60 hours a week in addition to required binge drinking parties. I'd say the starting salary is closer to 1.6 with little vacation or holiday. |
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Bigfeet
Joined: 29 May 2008
Location: Grrrrr.....
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| Posted: Mon Nov 24, 2008 8:37 pm Post subject: |
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This part is interesting:
"The average initial salary of Japanese college graduates was 24,785 dollars, 980 dollars less than that of Korea. The figure for Japan was 72.3 percent of the country`s per-capita income of 34,260 dollars. "
They're catching up to the Japanese in pay but they don't live nearly as efficiently. Looks like they've topped out for a while. Just wait until China crashes the fun and steal both their lunches. |
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Real Reality
Joined: 10 Jan 2003
Location: Seoul
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| Posted: Tue Nov 24, 2009 5:46 pm Post subject: |
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Fresh Graduates Earn W2.2 Million on Average
article from the Chosun Ilbo (Date: November 24, 2009)
Link: http://english.chosun.com/site/data/html_dir/2009/11/24/2009112400557.html
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The average monthly salary of new staff who joined the workforce fresh out of four-year university this year is W2.19 million, according to a poll by the Korea Employers Federation of 989 businesses with 100 employees or more announced Monday (US$1=W1,156).
The financial and insurance industry was the most lucrative for new employees with university degrees, with an average salary of W2.67 million. Wholesale and retail offered the lowest average salary with W1.95 million. |
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broken76
Joined: 27 Jan 2008
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| Posted: Wed Nov 25, 2009 9:46 pm Post subject: |
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| With foreign teachers also getting free housing and other benefits. The average salary for a FT is usually between 2.8 -3.0 million month a month. |
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