Furthering your studies in Malaysia sets you up for success in many ways. You’ll find better job opportunities and potentially land a well-paying job and start off with a higher salary.
In a recent news update by @NewsBFM, it was reported that Malaysia has an overwhelming number of graduates who are overqualified for their jobs.
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According to a recent report from the Khazanah Research Institute, the presence of overqualified graduates leads to a mismatch, compelling many to accept lower-skilled jobs with low starting pay.
NSTOnline also reported that more than one-third of Malaysia’s local graduates who initially find themselves in mismatched jobs tend to remain in this predicament over time.
“Since starting off on the wrong foot in one’s career can have lasting effects on future job prospects, it highlights the importance of last-mile active labor market initiatives to help smooth the transition from education to employment,” said Hawati Abdul Hamid, the lead author of the report.
In the post, it was also reported that in 2021, 65% of graduates started under RM2,000, with only 10% earning above RM3,000. This mirrors 2010, where 72.5% began below RM2,000.
Student enrolment has multiplied nearly 26 times, reaching 1.2 million in 2020. However, by 2022, only 24% of graduates secured high-skilled jobs.
You can read the full report down below:
1. There are reportedly too many graduates in Malaysia that are overqualified for their current jobs.
According to a recent Khazanah Research Institute report, this mismatch forces many to settle for lower-skilled roles with inadequate starting pay. pic.twitter.com/U3RmMP8cif
— BFM News (@NewsBFM) March 4, 2024
Malaysia is known for having a major focus on education and studies. However, given the current circumstances, let’s remain hopeful that appropriate actions will be taken.
What are your thoughts on this? Let us know in the comments down below!
Also read: Khazanah Nasional’s Entire Board Of Directors Have All Officially Resigned
