Almost 83 per cent of fresh graduates from private education institutions (PEI) in Singapore are able to secure full-time jobs six months after graduating, according to SkillsFuture Singapore’s latest Graduate Employment Survey.
Within that group, about 59 per cent were able to land permanent full-time roles, 19 per cent are working part-time gigs, and approximately 6 per cent are freelancers.
Private school fresh graduates with full-time permanent employment had a median gross monthly salary of S$3,400, an increase from S$3,200 in 2022.
The remaining 19 per cent of fresh grads are either unemployed and job-seeking or in involuntary part-time jobs.
It is worth noting that the employment outcomes varied considerably across different institutions. “Prospective students looking to pursue full-time Bachelor’s level EDPs are encouraged to review the employment outcomes for specific institutions before making their decisions,” the report stated.
Public University students still have higher chances of getting hired
However, the findings above do not indicate that fresh graduates from autonomous universities (i.e. NUS, NTU, SMU, SUSS) have fewer chances of getting hired.
The report shared that nearly 90 per cent of students from public universities can secure employment within six months, with 84 per cent landing full-time permanent job roles.
Fresh graduates from these universities also had a higher median gross salary of S$4,313, almost S$1,000 more compared to their PEI peers.
There is also a lower unemployment rate among public university grades, with just 8 per cent seeking employment or having secured temporary employment.
That said, fewer PEI and autonomous university graduates were hired in 2023, from 87.5 per cent in 2022, following MOM’s latest advance report noting a slight increase in the overall unemployment rate in Singapore.
Featured Image Credit: The Recruiter
