ITE graduates get highest starting pay in four years
Reduced talent pool in engineering helps push salary up 18% to $1,650
Students who graduated from the Institute of Technical Education (ITE) last year started their working life with an average monthly salary of $1,646 - the highest in four years.
Their pay was 18 per cent higher than the $1,391 a month earned by those who graduated in 2009, according to an ITE survey.
It also found that students who graduated from engineering courses last year took home the highest overall monthly salary of $1,725 - 9.5 per cent more than the starting pay of the engineering cohort in the previous two years.
Mr Kurt Wee, president of the Association of Small and Medium Enterprises (Asme), is not surprised.