This table is compiled with the results of the annual Graduate Employment Survey(GES) which is administered to graduates about 6months after taking their final examinations in NTU/NUS/SMU. 15,365 graduates from the three publicly-funded universities were surveyed and the overall response rate obtained was 72%. Salaries shown are on per-month basis.
SMU Programme Overall Employment Rate (%) Full-time Perm ER (%) Median Gross Salary (S$) 25th percentile Gross Salary (S$) 75th percentile Gross Salary (S$) Accountancy (4-years programme) 93.6 91.4 2875 2722 3614 Accountancy Cum Laude and above 97.4 96.1 3500 2875 4300 Business Management (4-years programme) 90.9 86.4 3333 3000 4000 Business Cum Laude and above 94.5 94.0 3600 3200 4500 Economics (4-years programme) 90.2 83.9 3500 3175 4000 Economics Cum Laude and above 90.6 89.1 3800 3300 4350 Information Systems Management (4-years programme) 92.9 80.6 3350 3000 4000 ISM Cum Laude and above 97.4 84.2 4050 3500 4540 Social Sciences (4-years programme) 90.9 84.1 3000 2800 3580 Social Sciences Cum Laude and above 87.5 81.3 3590 3000 3955 Law (4-years programme) 97.8 95.6 5025 4600 5950 Law Cum Laude and above 97.7 97.7 5800 4800 6000
Refer to our university course selection guide on how to use the information here effectively to aid your selection of a course/major.
1. The employment rates refer to the number of graduates employed as a proportion of economically active graduates (i.e. graduates who have entered the labour market) as at 1 Nov 2013 (i.e. approximately 6 months after completing their final examinations).
2. Overall employment includes all types of full-time and part-time/temporary employment.
3. 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.
4. Basic monthly salary pertains only to full-time permanently employed graduates. It comprises basic pay before deductions of the employee’s CPF contributions and personal income tax. Employer’s CPF contributions, bonuses, stock options, overtime payments, commissions, allowances, other monetary and lump sum payments, and payments-in-kind are
5. Gross monthly salary pertains only to full-time permanently employed graduates. It comprises the basic salary, fixed allowances, over-time pay and commissions. Employer’s CPF contributions, bonuses, stock options, other lump sum payments, and payments-in-kind are excluded.
6. SMU’s courses are direct 4-yr programmes and graduates could be awarded Cum Laude and above, Merit, High Merit or no awards. The data for SMU’s courses above is displayed in 2 categories: (i) overall results for all graduates within the course regardless of the award they attained, and (ii) results for the graduates awarded Cum Laude and above. Should the graduates undertake more than 1 Degree (e.g. Dual Degree programme), they have been classified based on their first Degree.
7. Data on law graduates are obtained from a follow-up survey on 2012 graduates after they have completed their practical law course/pupilage.
Frequently Asked Questions:
1. What is the difference between mean and median salaries?
The mean monthly salary is an average of the salaries of the full-time permanently employed graduates. The median monthly salary is the salary of the ‘central’ (i.e. 50th Percentile) graduate in a set of full-time permanently employed graduates when they are arranged in a sequential order by salary. It is useful to refer to these 2 indicators together. The median is a useful reference when the salary data is not evenly distributed (e.g. when the group contains graduates with exceptionally low or high salaries, especially when the number of respondents is relatively small).
For example, although the median gross monthly salary for the Accountancy course offered by SMU shows that 50% of the graduates are earning $2,825 or less, the mean gross monthly salary is about $3,342. This indicates that there are some high earners who have raised the mean salary. In contrast, the mean gross monthly salary of Information Systems Management (Cum Laude and above) graduates is relatively similar to the median gross monthly salary. This indicates that the salaries are more evenly distributed on both sides of the median for this group of graduates.
2. What do the 25th and 75th percentile gross monthly salaries indicate?
If there are 100 students from that course who responded, then the 25th percentile (i.e. the lower quartile) gross monthly salary indicates that 75 graduates earn more than that salary, and the 75th percentile (i.e. the upper quartile) indicates that 25 graduates earn more than the gross monthly salary indicated.
You May Also Like: