Fresh Graduates In Singapore Reportedly Earned An Average Of SGD3,733 A Month In 2018
A recent survey has revealed that fresh graduates in Singapore earned a mean gross monthly salary of SGD3,733 (RM 11,268.81) in 2018
The 2018 Joint Graduate Employment Survey, which polled 11,200 fresh graduates from full-time programmes, showed an increase in starting pay from SGD3,613 (RM10,915.62) in 2017.
The data was collected from graduates of Nanyang Technological University (NTU), National University of Singapore (NUS), Singapore Management University (SMU), and the Singapore University of Social Sciences (SUSS), Channel NewsAsia reported.
According to the survey, fresh graduates received a higher median starting salary in 2018 compared to the previous year
The median gross monthly salary in 2018 was SGD3,500 (RM10,565.45), compared to SGD3,400 (RM10,263.58) in 2017.
The percentage of those who secured full-time permanent employment also increased to 81.2%, higher than the 78.4% in 2017.
In fact, 90.2% of the 10,100 new graduates in the labour force in 2018 found employment within six months of completing their final examinations.
Information and Digital Technologies, Business, and Built Environment graduates had the highest full-time permanent employment rates in Singapore
Engineering graduates also showed strong improvements in both overall and full-time permanent employment rates, compared to 2017.
The survey also revealed that the median gross monthly salaries have also increased across all course clusters in 2018.
Here's a breakdown of the employment rates of fresh graduates in Singapore:
Meanwhile, in Malaysia, the average entry level salary ranges from RM1,000 to RM6,000 depending on the industry and geographical location
According to the Jobstreet Malaysia's 2018 Salary Report, fresh graduates working in the central and southern regions are more likely to earn higher monthly salaries compared to their counterparts in the north and East Malaysia.
However, the report indicates that certain fields demand higher basic salaries than others.