Graduates from three leading universities in Singapore are having no trouble finding a job and are being paid more than ever, a study has found.
A graduate employment survey released by the National University of Singapore (NUS), Nanyang Technological University (NTU) and Singapore Management University (SMU) found that 89.7 percent of the three universities’ graduates were in jobs within six months of finishing their degrees – an increase of 0.2 percent from 2016.
Graduates’ median pay was SG$3,360 (US$2,547) a month, an increase from SG$3,300 (US$2,500) in 2015 reported the Straits Times.
“Despite the overall weak growth in the global economy last year, there were still many industries which managed to remain relatively unscathed and continued to grow,” NUS economics lecturer Kelvin Seah told the Straits Times.
A whopping 93.8 percent of graduates from SMU were employed within six months of their final exams, while at NUS and NTU around 90 percent were working. Nevertheless, it was only 80 percent of graduates who were in fulltime work.
“External developments last year, such as the subdued growth in global trade, Brexit and weak investment growth in emerging markets and developing economies, may have led companies to exercise more caution in their expansion plans and the number of full-time workers hired,” said Dr Seah.