For comparison, the median gross monthly salary for AU fresh graduates was noted at S$3,800, and S$2,614 for post-national service polytechnic graduates.
Of the 2,900 economically-active private education institution (PEI) fresh graduates surveyed in the 2020/2021 cohort, 85.3% were employed within six months of their final examinations. Of this 85.3%, 46.4% of graduates found full-time permanent employment, 35.6% found part-time or temporary employment, and 3.2% found freelance jobs.
Overall, the 85.3% was a welcomed increase from the 80.7% noted in the 2019/2020 cohort, according to the Graduate Employment Survey released on Thursday (14 April 2022). The growth in employment rate can be attributed to the increase in those who found part-time or temporary employment, which rose to 35.6% from 28.7%. On the other hand, the proportion of PEI fresh graduates who found full-time permanent employment declined slightly to 46.4%, as compared to 49% for the previous cohort.
In comparison, the overall employment rate and full-time permanent employment rate for autonomous university (AU) fresh graduates from the 2021 cohort were 94.4% and 84% respectively, higher than the corresponding figures for the PEIs fresh graduates.
The overall employment rate and full-time permanent employment rate for post-National Service polytechnic graduates were also higher, at 94.2% and 63.3% respectively.
Lastly, the proportion of PEI fresh graduates who were unemployed and still looking for a job within six months of their final examinations stood at 12.4%, while those who were starting work soon comprised 2.3%. This was higher than the corresponding figure of 3.2% for AU fresh graduates and 4.4% for post-national service polytechnic graduates.
A further 15.5% of PEI graduates were experiencing involuntary part-time/temporary employment.
Looking into the employment outcomes of fresh full-time EDPs by institution (with a minimum of 10 respondents), Singapore Institute of Management observed the highest proportion of graduates in the labour force who were employed (88.6%), of which 47.2% were in full-time permanent employment.
The full list is as follows:
Apart from the employment rate, the survey also looked into the salary outcomes of PEI fresh graduates. It was observed that the median gross monthly salary of PEI fresh graduates in full-time permanent employment was S$2,989. For comparison, the median gross monthly salary for AU fresh graduates was noted at S$3,800, and S$2,614 for post-national service polytechnic graduates.
As seen in the survey, there was considerable variation in the employment outcomes of PEI graduates across the different institutions.
Commenting on the results, Hui Mei San, Director-General (Private Education), SkillsFuture Singapore, said: "With a greater focus on lifelong learning today, there are multiple learning pathways and opportunities available for Singaporeans to pursue learning and upgrading at different stages of their lives, to achieve their career goals and aspirations.
"The findings of the PEI GES thus aim to help prospective students make informed decisions when deciding on their learning and career options amidst these varied options."