How do graduate salaries compare between 2010 and 2018?

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Graduate Salaries Show Mixed Trends Between 2010 and 2018

Data from 2018 indicates a slight decrease for diploma holders entering government service, earning RM1,376 compared to RM1,458 in 2010. However, Master's degree holders in government roles saw a marginal increase, earning RM2,923 in 2018, up from RM2,707 in 2010. In contrast, the private sector, according to the Malaysian Employers Federation (MEF), demonstrated a more consistent upward trend across different qualification levels during the same period.
Diploma Holders' Earnings Diverge

For individuals holding a diploma, the salary trajectory differed between public and private sectors. While those entering government service experienced a dip from RM1,458 in 2010 to RM1,376 in 2018, the MEF reported that diploma holders in the private sector earned RM1,661 in 2018, an increase from RM1,458 in 2010. This suggests varying economic pressures or compensation strategies impacting this qualification group.
Bachelor's and Master's Degrees Show Private Sector Growth

Holders of higher degrees generally saw their earnings increase between 2010 and 2018, particularly in the private sector. The MEF data shows a bachelor's degree holder earning RM2,393 in 2018, a notable rise from RM1,993 in 2010. Similarly, Master's degree holders in the private sector earned RM3,267 in 2018, compared to RM2,923 in 2010, indicating a positive correlation between advanced education and private sector remuneration.
Government Acknowledges Salary Concerns

The Malaysian government has acknowledged the data concerning graduate salaries and has committed to a comprehensive study. Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail stated that the government is aware of the figures presented in the Bank Negara Malaysia Annual Report 2018 and intends to develop policies to address the welfare of younger generations. This initiative aims to understand the multifaceted factors influencing graduate income levels.

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How do graduate salaries compare between 2010 and 2018?

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