Polytechnic graduates' starting salaries up in 2012
Starting pay has gone up from $1,850 in 2011 to $1,950 last year. -ST
An annual graduate employment survey has found that the median gross monthly starting salary for post-national service graduates last year went up from $2,100 in 2011 to $2,253 last year.
Here's the full press release:
The Graduate Employment Survey, jointly conducted by the five polytechnics in 2012, revealed that polytechnic graduates who are currently in the workforce have enjoyed an increase in starting salaries. This increase applies to both fresh graduates and post-National Service (NS) graduates.
The employment rate also remains high at 91.0% for fresh graduates, and 93.1% for post-NS graduates.
The percentage engaged in full-time permanent employment rate was 65.4% for fresh graduates and 77.8% for post-NS graduates.
A total of 9,982 fresh graduates took part in the Survey. As at Oct 1, 2012, the overall employment rate was 91.0%, compared to 92.1% in 2011. The proportion of economically active fresh graduates in full-time permanent employment was 65.4%, compared to 67.0% in 2011.
Median gross monthly salary among fresh graduates in full-time permanent employment was $1,950, compared to $1,850 in 2011.
Among the 4,347 post-NS respondents, the overall employment rate was 93.1%, compared to 94.7% in 2011. The proportion of economically active post-NS graduates holding full-time permanent jobs was 77.8% compared to 80.1% in 2011.
The median gross monthly salary of post-NS graduates in full-time permanent employment was $2,253, compared to $2,100 in 2011.
Among the fresh graduates in full-time permanent employment, the course categories with the highest median gross salaries are from the Health Sciences ($2,000) and Built Environment, Engineering & Maritime ($2,000) courses.
Among post-NS graduates in full-time permanent employment, the course categories which commanded the highest median gross salaries are: Health Sciences ($2,429); Business, Management, Design & Others ($2,400); and Built Environment, Engineering & Maritime ($2,300).
The annual Graduate Employment Survey is jointly conducted by Nanyang, Ngee Ann, Republic, Singapore and Temasek polytechnics to ascertain the employment status of polytechnic graduates.
The 2012 Survey was conducted between October and November 2012 and attracted a total of 14,329 respondents. They were asked to respond based on their employment status on Oct 1, 2012.
The respondents comprised fresh graduates who completed their studies in 2012 and were not liable for National Service after graduation, and post-NS graduates of 2009 who completed their full-time National Service between April 1, 2011 and March 31, 2012.
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