QUESTION 1 Year 2022 would be your last year as university student before embarking into a whole new world outside of the university. You would be graduating with B.Eng (Hons) in your respective engineering discipline. According to the survey conducted by jobstreet.com.my, the average salary for engineer depends on location, experience and specialization. TABLE Q1 shows the average salaries for engineers based on location. TABLE Q1: Average Salaries Based on Location Location Average salary Kuala Lumpur RM3900 Penang, Terengganu, Kedah RM3700 Selangor, Sabah, Johor, Negeri Sembilan RM3600 Putrajaya, Sarawak, Perak, Perlis RM3500 Pahang, Labuan RM3400 Melaka RM3300 Kelantan Rm3200 You have decided to work in your hometown according to the state number in your identification card. For example, XXXXXX-10-XXXX referring to Selangor. For international student, you can opt for any state. With the annual starting salary, there are several things that you need to do such as paying off your student's loan amounting to RM95000 with zero interest, buying a new car to get to work and saving money as down payment to purchase your dream house and finally saving for your retirement. You need to do a financial planning for a 30-year time frame. At the end of 10 years, you should be able to pay off your student loan and car loan, able to accumulate down payment for your dream house and after 30 years, having your dream house and enough saving for retirement. The condition is for you not to exceed your monthly income after paying off the monthly commitment. In your planning, please observe the possible increase of salary throughout your career. In your plan, state the type and price of the car and house, investment opportunity and interest rate offered by financial institution in Malaysia for the financing. Please append the appropriate information, flyers or advertisement as proof. QUESTION 1 Year 2022 would be your last year as university student before embarking into a whole new world outside of the university. You would be graduating with B.Eng (Hons) in your respective engineering discipline. According to the survey conducted by jobstreet.com.my, the average salary for engineer depends on location, experience and specialization. TABLE Q1 shows the average salaries for engineers based on location. TABLE Q1: Average Salaries Based on Location Location Average salary Kuala Lumpur RM3900 Penang, Terengganu, Kedah RM3700 Selangor, Sabah, Johor, Negeri Sembilan RM3600 Putrajaya, Sarawak, Perak, Perlis RM3500 Pahang, Labuan RM3400 Melaka RM3300 Kelantan Rm3200 You have decided to work in your hometown according to the state number in your identification card. For example, XXXXXX-10-XXXX referring to Selangor. For international student, you can opt for any state. With the annual starting salary, there are several things that you need to do such as paying off your student's loan amounting to RM95000 with zero interest, buying a new car to get to work and saving money as down payment to purchase your dream house and finally saving for your retirement. You need to do a financial planning for a 30-year time frame. At the end of 10 years, you should be able to pay off your student loan and car loan, able to accumulate down payment for your dream house and after 30 years, having your dream house and enough saving for retirement. The condition is for you not to exceed your monthly income after paying off the monthly commitment. In your planning, please observe the possible increase of salary throughout your career. In your plan, state the type and price of the car and house, investment opportunity and interest rate offered by financial institution in Malaysia for the financing. Please append the appropriate information, flyers or advertisement as proof
