Higher salaries for graduates from Class of 2014: Survey

In a joint news release on February 27, the latest Joint Graduate Employment Survey, conducted on 10,126 out of 13,656 full-time fresh graduates from SMU, NUS and NTU, revealed that those who graduated from the three universities last year were paid more than their counterparts who completed their studies in 2013. The mean gross salaries of fresh graduates increased 3.22 per cent on-year to S$3,333 in 2014, while the median gross salaries saw a 4.91 per cent increase to S$3,200 last year, from the year before. The survey also revealed that those from the Law and Medicine faculties remain the highest-paid fresh graduates when they enter the workforce, with SMU Law graduates earning a median gross monthly salary of $5,025. Among SMU graduates, those who majored in Economics, Information Systems Management and Business Management earned median salaries of $3,500, $3,350 and $3,333 respectively. SMU graduates in Social Sciences and Accountancy also earned median salaries of $3,000 and $2,875 respectively.