Just graduated and on the lookout for a job? This is what you can expect to get as starting pay for fresh grads in Singapore.
Congratulations! You made it through 4 years of university. Now, it’s time for you to enter the real world. You will no longer be getting an allowance from mum and dad.
But it’s good news, really. Since the starting pay for fresh graduates in Singapore has hit a new high in 2017.
More accurately, this applies to the starting pay for fresh graduates in Singapore from these three universities – National University of Singapore (NUS), Nanyang Technological University (NTU) and Singapore Management University (SMU).
Higher starting pay for fresh graduates in Singapore
In a report released by Ministry of Manpower, the median pay for fresh graduates from the three universities is S$3,360 a month, up from S$3,300 the year before.
This is based on a joint graduate employment survey of 10,904 fresh graduates.
The report reveals findings from the survey which splits students from three-year and four-year programmes. It also shows which university students receive higher starting pays.
SMU students fared best
It was found that 93.8 percent of graduates from SMU were employed within six months of their final exams. This is the highest among the three schools.
However, about 90 percent of graduates from NUS and NTU were also employed within six months.
SMU graduates also earned the most, with a median gross monthly salary of $3,500. Fresh graduates from NUS received $3,400, while those at NTU got $3,300.
Here are the findings from the survey:
Straits Times also compared which courses saw the highest jump in median pay from the year before, with information systems topping that list.
Prepared to take the leap into the working world? Use these helpful tips to get started: