Salary Survey of NSUERS

| Salary Survey 2012 by Jobs for NSUers

2 | Salary Survey 2012 by Jobs for NSUers

Acknowledgements A report like this only results from the contribution of many people. We would like to thank all the NSUers who helped us by gathering data, spreading the word around and giving motivational support. Even after we failed to complete this in due time, the support we got was overwhelming and helped us move forwards. Thanks goes to all the admins of the group and also to the companies that are re-cruiting NSUers.


Credits Concept: Niamul Arifin

Survey Design: Niamul Arifin & Asif Khan

Data Collection: All NSUers

Analysis & Report Writing: Asif Khan

Proofreading: Anika Bhuiyan

Design: Waseem Khan & Asif Khan


How it all began The idea for the Salary Survey is a brainchild of an NSUer named Niamul Arifin and shared through the Facebook group “Jobs for NSUers”. Niamul initiated the very thought of a salary survey document that would help every NSUer (graduate or un-dergraduate) to get a vivid picture of the salary structure in Bangladeshi job mar-ket. Since such data is not available in Bangladesh, this report aims to assists both the students and the companies to make better employment decisions. A secon-dary objective of this report is to clear out many stereotypes that people might have towards private universities and more specifically towards North South Uni-versity. If this survey can be repeated every year then an authentic time series of salary data can be available for all NSUers and help them set a benchmark for all the graduates in Bangladesh. Niamul prepared the initial draft of the survey questionnaire. Later on we made modifications together to design the survey in its final format. As salary is a sensi-tive issue of discussion, the survey was kept anonymous (no placeholder for re-spondent name) and respondents had the option of not mentioning company name. The target respondents included all NSU students who have a full time job (personal business excluded) and are working within Bangladesh. The target sam-ple size was set at 500 even though we were somewhat skeptical about whether this size could be reached. However, thanks to all the NSUers who actively spread the word around, we were able to exceed 500 responses. However, few erroneous entries had to be removed and our analysis is thoroughly based on the original sample size of 500. We do acknowledge that our research has some drawbacks. Firstly, there were is-sues with the survey design. Some industries were not listed in our survey. We can definitely make a lot of improvements as far as the design of the survey is con-cerned. Secondly, we only took gross salary figures for easier comprehension. However, total compensation can be very different due to the presence or absence of bonuses and other benefits. Thirdly, we realized that to do meaningful analysis, a larger sample size would have been helpful. Most of the respondents in this sur-vey are business graduates and thus we have very little data about salary level of those who pursued other academic programs. We encourage everyone to give meaningful feedback of this report so that we can make it even better and more useful in the future. Hopefully, other universities will also come up with similar surveys which would help us analyze inter university comparisons. -Asif Khan


About “Jobs for NSUers” “Jobs for NSUers” is a platform on the social networking site, Facebook, for NSU students. It allows NSUers to interact with each other through this group. The idea for this group came from Ashique Elahi Chowdhury. Even though the group was probably created with the intention of helping NSU students find jobs, it has now evolved into something much broader and bigger. Today the group has 5,367 members (and counting) who are constantly using it to network, share job ads, give and receive career advice, share useful information and many other things. As the group members grew in number, the admin panel also had to be extended from time to time. Presently the admin panel of the group includes: Amit Richard Ashique Elahi Chowdhury Asif Khan FazleTaher Kazi Mashrur Mamun Kazi Tanzeel Shahid Marufa Tabassum Muhaimin Hussain Priyanka Silmi We sincerely hope that the group will continue to grow and branch out in terms of members, depth of information and valuable opportunities. Undoubtedly, a quali-fied and educated workforce is a necessity for the growth of the country.


Section I: Respondent Profile This section gives a helpful glance of the profile of the respondents. This is neces-sary for further understanding and analysis of results.

Male-Female Breakdown

Out of the total 500 respondents, 76% are male and 24% are female. It would have been interesting to see how this ratio compared to the overall ratio of students in NSU. Age Distribution

The vast majority of the respondents are fresh graduates aged 21-25 years. This category contributed as 53% of the respondents. The next largest group is aged 26-30 years with a 43% share.

Figure: Male-Female breakdown between respondents

500

381

119

Total

Male

Female

Figure: Age Distribution of respondents

266

216

17

1

21-25

26-30

31-35

36-40


Level of Management

As most of the respondents are quite young it comes as no surprise that 64% con-sidered their jobs as entry level. 33% are mid-level employees and only a meager 2% are in top management.

Education

It comes as no surprise that BBA is the most popular degree amongst the respon-dents. However excluding BBA, the distribution is more spread out amongst the other programs offered.

Figure: Level of management

322

166

12

Entry Level

Middle Management

Top Management

Figure: Educational background

75.8%

5.8%

3.6%

2.6%

3.4%

2.4%

2.0%

1.2%

0.8%

0.6%

0.4%

0.4%

0.4%

0.2%

0.2%

0.2%

BBA

BS in ETE

BSc in Econ

MBA

BS in CSE

Dual(e.g BBA and MBA)

BSc in ENV

BS in CEG

BA in English

EMBA

BSc in Pharmacy

MSc in Econ

MSc in ETE

Masters in Dev Studies

Masters in Public Health

MS in CSE


Major Choices (BBA/MBA only)

Amongst the BBA and the MBA graduates, Marketing seems to be the most popu-lar major, followed by Finance &Accounting. It is also quite clear that dual major (or major + minor) is a popular preference. Unfortunately, due to lack of adequate data we could not do this analysis for non business graduates. Industry analysis

To find out the biggest recruiting sectors we have asked respondents to list the in-dustry they started their career in as well as the industry they are currently in. It comes off as no surprise that at the top two positions are occupied by the finan-cial sector (mostly banks) and Telecommunications as the two largest job providers in the country. Interestingly, Technology/IT sector seems to have as much share as Telecom. This is quite fascinating because most of the respondents are business

Figure: Choice of major amongst business graduates

Figure: Industry where career was started vs present industry

23.8%

18.2%

15.3%

12.6%

7.3%

7.0%

5.1%

4.1%

3.9%

2.7%

FIN & ACT + MKT

MKT

MKT + HRM

FIN & ACT

MKT + INB

FIN & ACT + ECON

Others

FIN & ACT + HRM

FIN & ACT + INB

HRM

0%

5%

10%

15%

20%

25%

Career Started

Present Industry


graduates. Two main trends can be observed here. Firstly, the share of Media comes down by around 3% which is quite significant. Secondly, Technology and IT sector jumps into top spot crossing Telecommunications. We have been hearing that Bangla-desh has a big potential for developing the IT sector and the last two figures clearly show some initial signs that the process has plausibly started.


Section II: Working Conditions In this section we have tried to capture some non-monetary and monetary ele-ments outside of gross salary to gain an extensive understanding of employee compensation. Work Atmosphere

We asked respondents to rate the working atmosphere in their organization out of 10 (10 being the best). The results show that most people are quite happy with the working atmosphere even though there is scope for improvements. The difference between the answer of male and female is also quite low. Performance Bonus or Profit Sharing

33% of the respondents said

that their organizations have policy for performance bonus or profit sharing. How-ever, this does not look too bad because according to the website, salary.com, this is equal to global average.

Figure: Working atmosphere in office

7.44

7.42

7.42

Female

Male

Total

Figure: Presence of performance bonus or profit sharing scheme

33%

67%

Yes

No


Awards or Recognition

28% replied that they have received some sort of award or recognition in their jobs. We believe that this is quite a high number and does indicate that a lot of NSU graduates are doing well in their career. Working Hours

Overall NSU graduates spend around 9.16 hours per day at office on average. When we break the data by gender, it becomes more interesting. It is clear from the figure above that women spend less time at work. On average women spend about 8.82 hours while men spend 9.27 hours.

Figure: Award or recognition received by respondent

Figure: Working hours according to male/female

44%

28%

27%

1%

No

Yes

No such policy

No response

26%

38%

29%

6%2%

46%

29%

24%

2% 0%

8 Hours 9 Hours 10 Hours 12 Hours 12+ Hours

Male Female


Overtime

Most of the respondents do not get any overtime payments. This is understandable because overtime is normally not given for white collar jobs.

Figure: Availability of overtime

81%

19%

No

Yes


Section III: Salary While going through the following segments please note that the sample size of 500 is too small to provide absolutely accurate results. Furthermore, in order to convert the salary ranges (the survey only allowed people to choose salary ranges) to absolute numbers we had to make some approximations. However, we still think that the data is as near to accuracy as possible by this sample size. Gross starting salary over the years

The objective of this data was to understand how starting salaries have changed over the years. The x-axis shows the years/months of job experience. Generally we would expect starting salaries to be low for people with less experience (more re-cent graduates). However, the results are surprising. The only significant change that we have seen is in the salaries for those who have less than 6 months experi-ence. While this phenomenon could have some meaningful explanation, it is possi-ble that some people had entered some erroneous data during the survey. If, however the data is correct then there is one interesting observation. Starting salary has been coming down in real terms over the years.

Figure: Gross starting salary over the years


Gross starting salary by industry within last 1 year

For finding the industry- wise salaries, we only took the data of the people who have less than 1 year of experience. Tobacco industry leads the list but the wide disparity is caused because only 3 people (with less than 1 year experience) are working in this field and they are possibly working for the same company. The sur-prising second position is taken by freight forwarding sector. Banking and NBFI at 3rd position was quite expected but the position of the RMG sector at 4th can also be termed as quite surprising. At the bottom of the list we see education and media/advertising. It is quite unex-pected that International Organizations are at the lower end of the chart.

Figure: Gross starting salary by industry within last 1 year


Gross starting salary by major within last 1 year (BBA/MBA only)

Here again we only worked with respondents who have less than 1 year of experi-ence. When we analyze the starting salaries by choice of major, Finance & Account-ing seems to stand out quite significantly. The highest salaries are received by graduates who have Finance & Accounting and Economics (either minor or major). This combination is generally considered quite prestigious but now we see the value in quantified data. The 2nd and 3rd positions also have Finance & Accounting in it. Marketing and Human Resource Management has the lowest starting salary according to our data. Gross salary (present) according to experience

The objective of the above figure is to understand how much salary changes with experience. We have categorized the data according to experience. The data shows that, salaries remain relatively unchanged within the 1 year of job. However, from the second year they start picking up. The most significant changes come in the 4th and the 5th year.

Figure: Gross starting salary by major within 1 year (Business graduates)

Figure: Effect on experience on salary


Conclusion This is the first such report by Jobs for NSUers. Hopefully, this is only the beginning of such an endeavor and we will continue to publish such reports that can help the upcoming generation in the pursuit for their dream job. The group continues to show strong unity and it is amazing to see how eager peo-ple are to help each other without getting a single penny in return for the effort. Let us hope that this continues and we can not only help fellow NSUers but reach out to people outside as well because we believe in mutual growth through sharing of knowledge.


Abbreviations ACT- Accounting ECON- Economics FIN- Finance HRM- Human Resource Management INB- International Business NBFI– Non Banking Financial Institution MKT- Marketing


APPENDIX

Link to the Survey Questionnaire

Survey on NSU graduates working in Bangladesh This survey is solely for NSU graduates who are employed in different organizations and working in Bangladesh. The following survey questions require information about a respondent’s age, income, work stress, position in the organization. Purpose of this study is to determine position of NSU graduates in the market. The analysis and results will be stored in Jobs for NSUers directory and will be used for further study in near future. The information you pre-sent will strictly be confidential and will not be disclosed by any means. It will take few minutes to fill up the question-naire. Please fill up the questions carefully. Your contribution will help us to determine the position of NSU graduates in the industry.

Background Check The following questions are about your background. All following questions are required except name of your current organization and needs to be filled up. Gender * 1. Please select your gender A. Male B. Female Age * 2. Please select your age from the following choices A. 21-25 Years B. 26-30 Years C. 31-35 Years D. 36-40 Years E. Above 40 Years 3. Which program degree you received from NSU? * Please select your degree (e.g BBA, MBA, MSc in ECO) 4. If BBA/MBA/EMBA, what was your major when studying in NSU? Please select one of the checkboxes from the following. If you have any other major or combinations of majors, please select others and write it down. You can check more than one option if necessary. A. Finance & Accounting B. Finance C. Human Resource Management D. International Business E. Business Policy & StrategyF. Management G. Marketing H. Marketing & International Business I. Marketing & Human Resource Management J. Marketing and Finance & Accounting K. Marketing and Business Policy & Strategy L. Marketing & Economics M. Finance & Accounting and Economics N. Finance & Accounting and International Business O. Finance & Accounting and Human Resource Management P. Finance & Accounting and Business Policy & Strategy Q. Human Resource Management and International Business R. Human Resource Management and Business Policy & Strategy S. International Business and Business Policy & Strategy T. Other: 5. What is the length of your employment period? * Please select the total time of your employment after graduation 6. Name of the organization you are currently employed Please mention the name of your organization where you are currently working

https://docs.google.com/spreadsheet/viewform?formkey=dG5wMFdnZUVQZXpCUnphZzczQzRaeVE6MQ#gid=0


7. Which industry does your organization represents? * Please select the industry type

An Insight of your Employment The following questions are about your income, work stress, current position holding etc. Fairness will be appreciated while answering these questions. 8. In which industry you started your professional career? * Please select the industry type where you started your career after graduation 9. When did you complete your graduation from NSU? * Please select from the following the time frame you complete your graduation. 10. What was the remuneration in your first job after graduating from NSU? * Please select the remuneration amount when you started your first job after graduation 11. How many times you switched your job? * Please select the number of times you switched your job after graduation. A. Once B. Twice C. 3 times D. 4 times E. 5 times or greater F. Never changed a job

12. How much time on average do you spend in your office every day? * Please select from the following the time you spend in your office A. 8 Hours B. 9 Hours C. 10 Hours D. 12 Hours E. More than 12 Hours 13. Is there any overtime payment policy in your organization? * Please choose from the following choices A. Yes B. No 14. Does your organization have performance bonus or profit sharing clause? * Please select the following whether your company follows performance bonus or profit sharing provision. A. Yes B. No 15. What is your current position? * Please select the level of position you hold currently A. Entry Level/Executive/MTO/IG/FLDP/Trainee/Officer B. Mid Level/Assistant Manager/Manager/GM/Senior Manager C. Top Management/AVP/SVP/Director/DMD/MD/Chairman 16. In which post you entered when joining your 1st job after graduation? * Please mention your first job position A. Management Trainee B. Officer/Trainee/Junior Officer C. Junior/ Trainee Analyst D. Executive E. Faculty Member/ Lecturer F. Other: 17. What is your monthly remuneration at present? * Please choose your remuneration range from the following. Note: If there is any strict policy with disclosing salary

and you do not want to mention, select the last option.


18. Working atmosphere in your organization * Please rate the working environment in your organization (e.g. 1= Very Unfriendly, 5= Neutral 10= Very Friendly) 1 2 3 4 5 6 7 8 9 10 19. Did you receive any achievements or rewards (Non-monetary) during your entire employment period? Please choose from the following choices A. Yes B. No Organization does not have rewarding policy. 20. If answer is "Yes" in previous question, what award or achievement did you received? Please write about award title or rewards and purpose for achieving the award. 21. After graduation from NSU, Which of the following degree you achieved? Please choose from the following. In case if you achieved two degrees, you may select more than one. If you haven't achieved any degree, select None. A. Masters from local universities B. MBA from local universities C. Ph.D D. Masters from abroad E. MBA from abroad F. Professional degree (e.g. CA/ACCA/CFA) G. None H. Other: End of Questionnaire

Thank you

Documents

Salary Survey of NSUERS