Earlier and pre-pandemic cohorts of graduates from Singapore's four autonomous universities had higher full-time employment rates and earnings in 2022, according to an annual poll issued on Monday.
The typical gross monthly pay for fresh graduates working full-time was S$4,200, up from S$3,800 in 2021, S$3,700 in 2020, and S$3,600 prior to the 2019 pandemic.
The full-time employment rate increased from 84 percent in 2021, 69.8 percent in 2020, and 81.7 percent in 2019 to 87.5 percent in 2022.
In 2022, just 5% of graduates held part-time work, compared to 8.7% in 2021 and 22.3% in 2020, a significant decrease compared to the previous Covid-19 years. This was the result of declines in both involuntary and voluntary part-time work, to 0.8% and 3.6%, respectively.
The unemployment rate increased to 6.2% in 2021 from 5.6% in 2021, albeit this was a minor improvement above the 6.4% rate in 2020.
Information and digital technology graduates had the highest median wage – S$5,625, up from S$5,000 in 2021 – and full-time employment rate, at 93.5 percent, similar to prior years.
The next highest median wages were for engineering (S$4,600) and business (S$4,100) graduates, both of whom had over 90% full-time employment rates.
Health sciences graduates had the second-highest full-time employment rate, at 92.9%, but their median wage was lower, at S$3,700.
Graduates of Nanyang Technological University (NTU) that received a degree in computers or a double degree in business and computer engineering had the highest gross monthly income, averaging S$6,500.
Computer science graduates at the National University of Singapore (NUS) had the highest median income, at S$6,600. In a follow-up poll of law graduates who had finished their pupillage and begun working, NUS law graduates from the class of 2021 reported a median wage of S$6,400.
Law graduates at Singapore Management University (SMU) had the highest median wage at S$6,375, followed by information systems graduates at S$5,400.
In a separate press release, Singapore University of Social Sciences (SUSS) emphasized its graduates' strong employment rates in supply chain management (98.4%), finance (97.2%), and accounting (97.2%). (96.4 per cent).
The joint autonomous universities graduate employment study surveyed 12,100 recent graduates from full-time degrees at NUS, NTU, SMU, and SUSS six months following their final examinations. Close to 800 graduates from the four institutions participated in the follow-up survey for programs that normally need post-graduate practical training before graduates may begin practicing.
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