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Earlier this year, the four autonomous universities in Singapore (NTU, NUS, SMU and SUSS) released the results of the Graduate Employment Survey 2020, giving us valuable information about the labour market for fresh graduates, and the impact of the COVID-19 pandemic.
This article explores some interesting data & trends.
1. Median gross monthly salary stable but full-time employment rate falls
Median gross month salary for full-timers have increased by about $100 every year from 2018, reaching S$3,700 in the latest report. From the table above, we observe that the Median gross monthly salaries have either remained constant or increased. However, employment rates have decreased in all industries/courses.
While the data suggest that fresh graduates are still commanding higher median salaries, it does not consider graduates who are working on a part-time or temporary basis, a proportion that has increased by 3x amid the Covid-19 pandemic....