Salaries of polytechnic grads on the rise

HRM 10 Jan 2013

Fresh polytechnic graduates now have higher salaries when they step out into the job market, according to the 2012 Graduate Employment Survey.

The starting pay for fresh graduates has gone up from S$1,850 in 2011 to S$1,950 in 2012.

The survey also found that those who joined the workforce after they had completed National Service (NS) drew a median gross monthly salary of S$2,253 last year, compared with S$2,100 in 2011.

In the study, the higher starting pay was attributed to the strength and value of a polytechnic education. The report also said that employers continue to appreciate skilled polytechnic graduates.

However, not all news was positive as the overall employment rate dropped for polytechnic graduates. Some 91% of fresh graduates found employment last year compared to 92.1% in 2011. For post-NS graduates, 92.1% of them found employment last year compared to 94.7% in 2011.

The survey polled 14,329 graduates on pay and employment. It was conducted by the five polytechnics in Singapore, between October and November last year.



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