Republic Polytechnic CEO says it's proof of growing confidence among graduates
The median gross monthly salary of fresh polytechnic and post-National Service (PNS) graduates in Singapore went up to $2,800 in 2023, according to a new survey.
The latest 2023 Polytechnic Graduate Employment Survey demonstrated the increasing trend of these graduates' median gross monthly salary since 2021.
Polytechnic graduates who were employed within six months of graduation said their median gross monthly salary reached $2,700 in 2023, up from the $2,550 in 2022.
For PNS graduates, their median gross monthly salary went up to $2,963, higher than the $2,800 in 2022.
By industry, the graduates from the following clusters were comparable or higher than the overall median for all graduates:
- Health Sciences ($3,000)
- Humanities and Social Sciences ($2,913)
- Information and Digital Technologies ($2,900)
- Engineering ($2,800)
The findings are based on a national survey among over 5,000 polytechnic graduates surveyed by five polytechnics in Singapore.
Higher employment rate
Meanwhile, the same survey also revealed that 92.7% of fresh and PNS graduates have been hired within six months of graduation or after completion of full-time National Service.
This is an increase from the 91.8% employment rate recorded in 2022, and the 92.2% reported in 2021.
The unemployment rate among fresh and PNS grads also dipped to 7.3% in 2023, down from the 8.2% recorded the previous year.
"The confidence shown by employers in our polytechnic graduates is evident in the wage growth and stable employment rates," said Jeanne Liew, Principal & CEO, Republic Polytechnic, in a statement.
"Our robust industry ties and progressive curriculum have nurtured graduates who are adaptable and resilient. Through ongoing collaboration with stakeholders, we remain committed to preparing graduates for the dynamic job market."
