What salaries are Singapore graduates expecting?

HRD reveals the rising salary expectations of this year’s graduating class of NTU, NUS and SMU

What salaries are Singapore graduates expecting?
median monthly salary of fresh graduates from Singapore’s three oldest universities in 2016 rose to a new high of $3,360 from the previous year’s $3,300, a joint graduate employment survey revealed.

The poll included 10,904 fresh graduates of Nanyang Technological University (NTU), the National University of Singapore (NUS), and Singapore Management University (SMU).

Nearly 9 in 10 graduates (89.75%) were able to find employment within six months of finishing their final examinations, similar to previous years, The Straits Times reported.

Fewer fresh graduates (80.2%) secured permanent full-time jobs in 2016 compared to 2015 (83.1%). Contracting appears to have risen in popularity as a talent solution, according a survey by employment consultancy firm Michael Page. “In Hong Kong and Singapore, more than half (60%) of companies surveyed currently use contractors, primarily to overcome challenges in permanent headcount approvals,” the firm said.

“Currently, most contractors are in operations, technology, financial services (reflecting the tightening sector) and business support/administration positions,” it added.

SMU graduates fared best in the job hunt, as 93.8% of them were employed within six months of their final examinations. The figure was nearly 90% for NTU and NUS, The Straits Times reported. The mean gross monthly salary among fresh graduates who have permanent full-time jobs was higher at $3,515, up from $3,468 in 2015, the report added.

SMU graduates took home an average gross monthly salary of $3,722. Their peers from NUS and NTU received $3,541 and $3,424 respectively.

Slightly more than a third (36%) of companies in Singapore are planning to increase headcount in 2017, the Michael Page survey said. Of the companies planning to increase headcount, 6 in 10 are looking to hire at middle-management level.

Related stories:
Government aims to “speed up” adoption of progressive HR practices
“Attach and Train” initiative aims to improve jobseekers’ prospects

Recent articles & video

HRDs reveal their greatest lessons from 2020

Industry 4.0: Shell on digital upskilling, green initiatives

Is ‘unlimited’ sick leave policy right for you?

Jobs market report reveals Australia’s top career switching industries

Most Read Articles

The importance of culture in a crisis

How to drive recruitment in the post-pandemic world

Victoria’s Secret names new CHRO