Over 90% of fresh grads from 2012 cohort employed

[tankee]

SINGAPORE: Over 90 per cent of fresh university graduates were employed in 2012, according to the first joint Graduate Employment Survey conducted by Singapore's three autonomous universities.


The National University of Singapore (NUS), Nanyang Technological University (NTU) and Singapore Management University (SMU) said in a joint statement on Friday that their graduates continue to be well sought after in the job market.

They said the findings were strong affirmation of the value of the local university degree placed by employers in Singapore.

A total of 9,668 full-time fresh graduates took part in the survey.

As at 1 November 2012, the overall employment rate among economically active graduates was 91 per cent.

Of these graduates, 85.6 per cent held full-time permanent jobs.

The median gross monthly salary for those in full-time permanent employment was S$3,050.

The mean gross monthly salary for this group was S$3,260........

http://www.channelnewsasia.com/stories/singaporelocalnews/view/1261680/1/.html

[tankee]

is this something to cheer about?


9% or almost one out of every ten 2012 graduate are still jobless

and 5.4% had only managed to secure contract work

[ChiefKiasu]

tankee:

is this something to cheer about?


9% or almost one out of every ten 2012 graduate are still jobless

and 5.4% had only managed to secure contract work

Why not? I think the stats are already pretty good given the business climate over the last few years.

[Jennifer]

tankee:

is this something to cheer about?


9% or almost one out of every ten 2012 graduate are still jobless

and 5.4% had only managed to secure contract work

a hokkien saying: no fish, shrimp also can

Think compared to other countries, we are considered good liao. So let's be contented and with relentless pursuit to better each citizen's, more can be achieved :rahrah:

[Funz]

Those not employed could be furthering their studies, or seeing the world before they start working.

[Oppsgal]

What about those from private uni?

[Dora1]

I think we also have to look at things from the broader perspective. If the 9% is really true unemployment (i.e. minus those waiting for further studies, intentionally want to idle type), then I would say it’s a worrying sign. Because 9% is significantly higher than the 2-3% national unemployment rate. A lot of countries such as south korea, US and Spain have a disporportionately high % of young people unemployment, or underemployment (e.g. graduate employed as cashier). This has caused a lot of tension and social issues.

I am sure we are not there yet, but we have to be watchful and make sure we don’t end up there, and end up with a lost generation. Recently I saw on the news that Acting Minister Tan Chuan Jin acknowledged the problem that I have highlighted and was brushed off by some forummers here previously. That is companies recruiting foreigners with experience rather than hiring local fresh graduates for some sectors, which will have serious repercussions later on as we would have a lack of experienced locals a few years later.
I am happy that the Minister is aware of this and I hope that actual actions can be taken to address this soon before we end up in the same situation as some other countries.
So yes, this is a stats that everyone should be watching closely.

[sundaymorning]

The mean wage is it true ?! i believe alot of graduate are getting 2.5 -2.8k although they are local graduates . There a high % of grads from private uni , why didnt they include in their stats?

[tankee]

sundaymorning:

The mean wage is it true ?! i believe alot of graduate are getting 2.5 -2.8k although they are local graduates . There a high % of grads from private uni , why didnt they include in their stats?

private uni grads will bring down the stats

[FantasyLandDreams]

https://www.theguardian.com/higher-education-network/2017/sep/11/graduate-employability-ranking-the-best-university-for-getting-a-job


Just came across this, read it with a pinch of salt.