Two Singapore universities, NUS and NTU, are among the best universities in Asia, according to the inaugural Times Higher Education (THE) Asia University Rankings 2013 published by Thomson Reuters. Analysis by Singapore company registration consultancy AsiaBiz Services underscores the remarkable quality of Singapore’s tertiary institutions, as well as the city-state’s strong education ethos in general. Congruently, a study released by the Ministry of Education (MOE) revealed that graduates of Singapore’s major universities enjoyed high employability upon graduation. A total of 91% of 9,668 fresh graduates from SMU, NUS and NTU were employed within half a year upon graduation. Entitled Graduate Employment Survey (GES), the study further revealed that 85.6% of these graduates secured permanent, full-time employment. Moreover, these new graduates earned competitive salaries, averaging S$3,260 per month.