Fresh graduates from Nanyang Technological University (NTU) earned high salaries and continue to be well sought after by employers despite the weak economy last year.
According to the findings from the Joint Graduate Employment Survey 2016, NTU's fresh graduates from the Class of 2016 earned a high median gross monthly salary of $3,300, compared to $3,250 in 2015. Business & Computing graduates earned a high median salary of $4,600, followed by Aerospace Engineering graduates with $3,675, and National Institute of Education’s Arts (with Education) and Science (with Education) graduates earning $3,525.
Professor Tan Ooi Kiang, NTU's Associate Provost (Undergraduate Education) said, "Demand for our fresh graduates remained consistently high even during weak economic growth. It shows that employers appreciate NTU’s highly skilled graduates and are willing to pay them well.”
"Many top companies target NTU graduates because they know our students are ready to do the job from the get-go. The combination of a high quality education, overseas exchanges, internships, and other challenging real-life experiences give NTU students an added edge in the global talent race," Prof Tan added.
On this year’s outlook, Prof Tan said, "I'm hopeful about the job prospects for our graduates this year, despite the current economic conditions. For example, NTU’s Career Fair last week saw a record 240 participating organisations and more than 4,400 jobs available. There are many exciting job opportunities waiting for our graduates in diverse economic sectors".
The overall median gross monthly salary for NTU’s fresh graduates in full-time permanent employment was $3,300 in 2016, compared to $3,250 in 2015. The overall mean gross monthly salary was $3,424 in 2016, similar to $3,419 in 2015.
Linguistics and multilingual studies graduates achieved the highest increase in median gross monthly salary of 12.2 per cent, followed by graduates from Sociology and Mathematical Sciences programmes. Graduates with degrees in Physics/Applied Physics had the highest increase in mean gross monthly salary of 15.6 per cent, followed by Chinese, Civil Engineering and Computer Science degree-holders.
For 2016, the top three courses with the highest mean gross monthly salaries were Business & Computing ($4,407), Accountancy & Business ($3,893) and Computer Science ($3,848). The median salaries of graduates from these courses were $4,600, $3,500, and $3,500 respectively.
NTU graduates remain highly sought after
Overall, around nine in 10 1
of NTU's fresh graduates last year found jobs within six months of completing their final examinations, similar to 2015.
Recruitment was highest in the services sector, which hired eight in 10 NTU graduates, as employers continued to invest in fresh talent.
Besides National Institute of Education graduates (100%), NTU's graduates in Accountancy and Business (97.4%), Accountancy (97.3%), Computer Science (94.6%) and Information Engineering & Media (94.6%) had the highest overall employment rates.
Nine in 10 new graduates from the Nanyang Business School found jobs six months after completing their final examinations. Many of them received more than one job offer and some clinched a job as early as their second year, for performing well during their internships.
Similarly, around nine in 10 graduates from Civil Engineering, Computer Science, Information Engineering & Media, Electrical & Electronic Engineering, Maritime Studies, Chinese, Economics, and Mathematics & Economics, secured full-time permanent jobs within six months of finishing their final examinations.
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: The overall employment rate refers to the number of graduates working in full-time permanent, part-time, temporary and freelance employment, as a proportion of graduates in the labour force (i.e. those who are working, and those who are not working but are actively looking and available for work).
Feisal Abdul Rahman
Senior Assistant Director
Corporate Communications Office
Nanyang Technological University
About Nanyang Technological University
A research-intensive public university, Nanyang Technological University, Singapore (NTU Singapore) has 33,500 undergraduate and postgraduate students in the colleges of Engineering, Business, Science, Humanities, Arts, & Social Sciences, and its Interdisciplinary Graduate School. It also has a medical school, the Lee Kong Chian School of Medicine, set up jointly with Imperial College London.
NTU is also home to world-class autonomous institutes – the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre for Environmental Life Sciences Engineering – and various leading research centres such as the Nanyang Environment & Water Research Institute (NEWRI), Energy Research Institute @ NTU (ERI@N) and the Institute on Asian Consumer Insight (ACI).
Ranked 13th in the world, NTU has also been ranked the world’s top young university for the last three years running. The University’s main campus has been named one of the Top 15 Most Beautiful in the World. NTU also has a campus in Novena, Singapore’s medical district.