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Strong Demand and Increase in Starting Salaries for SUTD Fresh Graduates Despite Uncertain Economy

Source: 2020 Graduate Employment Survey conducted by NTU, NUS, SMU, SUSS and SUTD
1 Overall employment rate
2 Mean gross monthly salary


The Graduate Employment Survey (GES), as at February 2021, showed a strong demand for SUTD graduates with an overall employment rate of 95.9%3 despite the uncertain economic situation.

Among those who are full-time permanently employed, 94.4% (an increase from 92.6% in 2019) received at least one job offer, while 50.3% received multiple job offers. 26.1% received return job offers arising from their internships.

The mean gross monthly salary among SUTD’s fresh graduates employed in full-time permanent employment increased to $4,369 in 2020, compared to $4,235 in 2019; and the median gross monthly salary remain competitive at $4,100 in 2020, compared to $4,072 in 2019.

Some of the top hiring sectors Information & Communication, Financial & Insurance and Scientific Research & Development.

372 fresh graduates and 62 follow-up graduates8 from SUTD were surveyed in February 2021 and the overall response rate obtained were 81.2% and 74.2% respectively.

SUTD: 2020 GES Employment Rates3 and Salaries of Graduates by Bachelor Degree

 Degree Proportion of Graduates in the Labour Force who were Basic Monthly Salary6 Gross Monthly Salary7
Employed4 In Full-Time Permanent Employment5 Mean Median Mean Median 25th Percentile 75th Percentile
Bachelor of Engineering (Engineering Product Development) 94.6% 82.1% $3,809 $3,800 $3,901 $3,800 $3,500 $4,150
Bachelor of Engineering (Engineering Systems and Design) 95.2% 77.1% $4,195 $3,950 $4,287 $4,000 $3,725 $4,900
Bachelor of Engineering (Information Systems Technology and Design) 96.9% 85.4% $4,581 $4,500 $4,734 $4,500 $4,000 $5,000
Bachelor of Science (Architecture and Sustainable Design) 8 100.0% 95.6% $3,897 $3,800 $3,982 $3,800 $3,500 $4,070

Source: MOE’s Graduate Employment Survey 2020

 
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Notes:

3. Employment rates refer to the number of graduates employed as a proportion of graduates in the labour force (i.e. those who were working, or not working but actively looking and available for work) as at 19 February 2021 (i.e. approximately six months after completing their final examinations).

4. Employment refers to graduates working on a full-time permanent, part-time, temporary or freelance basis.

5. Full-time permanent employment refers to employment of at least 35 hours a week and where the employment is not temporary. It includes those on contracts of one year or more.

6. Basic monthly salary pertains only to full-time permanently employed graduates. It comprises basic pay before deduction of the employee’s CPF contributions and personal income tax. Employer’s CPF contributions, bonuses, stock options, overtime payments, commissions, fixed allowances, other regular cash payments, lump sum payments, and payments-in-kind are excluded.

7. Gross monthly salary pertains only to full-time permanently employed graduates. It comprises basic salary, overtime payments, commissions, fixed allowances and other regular cash payments, before deductions of the employee’s CPF contributions and personal income tax. Employer’s CPF contributions, bonuses, stock options, lump sum payments, and payments-in-kind are excluded.

8. Data on Architecture and Sustainable Design graduates are obtained from a follow-up survey on 2017 Architecture and Sustainable Design graduates after they have completed their practical training.