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According to a press release from the Singapore Institute of Technology (SIT) today, findings from the 2016 Graduate Employment Survey (GES) showed its graduates were earning higher starting salaries compared to in 2015, with the median gross monthly salary of permanently employed full-time workers increasing from S$3,055 to S$3,200, as of 2016.
The highest increase in median gross monthly salary, in particular, belonged to infocomm technology and healthcare graduates, reported to range between $3,000 to $4,200.
The joint survey was conducted by SIT with the Nanyang Technological University (NTU), the National University of Singapore (NUS), the Singapore Management University (SMU) and the Singapore University of Technology and Design (SUTD).
The survey also showed that almost nine in 10 SIT graduates within the workforce had found employment within six months of completing their final examinations, similar to findings from the year before.
While the number of SIT graduates in the labour force that found full-time permanent (FTP) work had dropped from 82.9% in 2015 to 77.1% in 2016, graduate employment rates for healthcare and early childhood sectors remain high, with 96.7% of allied health graduates and 92% of early childhood graduates securing full-time permanent employment.
Survey findings also revealed that more SIT graduates, especially those within the field of design and arts, chose to take up freelance work, noting that 2.5% of all SIT graduates in the labour force were engaged in freelance employment.
Commenting on the survey results, SIT associate professor Ivan Lee, vice-president (Industry & Community), said: “SIT will continue to strengthen our degree programme offerings to meet industry needs, scaling up the Integrated Work Study Programme for these degree programmes, so as to groom technically-grounded graduates who are well-prepared to contribute to the professional manpower needs of Singapore.”