In 2017, Singaporean Fresh Grads Earn as Much as $3.4K a Month

While it is often a struggle for a fresh graduate to earn a big salary on his first job, let alone land on one, it was a different case for Singapore’s young professionals who just finished their studies.

In a study conducted by The Straits Times participated by 10,904 fresh graduates from the National University of Singapore, Nanyang Technology University, and the Singapore Management University, it was found out that the median starting pay for a fresh graduate from Singapore was $3,360, a new record high for 2017.

Aside from that, 89.7 percent of those who participated in the survey were hired by a company within six months after their final exam.

Image from Pixabay

Of this percentage, 80.2 percent landed in permanent, full-time jobs. This percentage is reportedly lower than 83.1 percent of graduates from 2015 who were able to work full-time.

Those who were not able to find a permanent, full-time job were reportedly into freelancing or working on a part-time basis for reasons such as the pursuit of further studies, starting out a business venture, and others.

Education experts attribute the research findings to the fact that Singaporean graduates are still in demand and quite a number of companies are eager to pay them a good amount of money.