Tuesday, November 16, 2010

NUS NTU SMU - Which University's graduates get paid the most?

Ever wondered is there any difference among the business schools of National University of Singapore (NUS), Nanyang Technological University (NTU) and Singapore Management University (SMU)?


Most importantly, of the three universities in Singapore, which has the highest paid fresh graduates and employment rate?






NUS Business School


SMU




NTU




After reading about



Average Monthly Pay and Salaries in Singapore




Best Paying Jobs in Singapore


Top 50 Median Monthly Gross Wages and Salaries of High Salary Occupations in Singapore




This may interest you as well..


The results of the 2009 Graduate Employment Survey:  





Full-Time Permanent Employment Rate

  • 92.1% - NUS Business School (Honours)
  • 86.7% - SMU School of Business (Cum Laude and above)
  • 88.3% - NTU Business School (3-year direct Honours)
  • 84.5% - NUS Business School
  • 82.8% - SMU School of Business

Gross Monthly Salary - Mean
  • $3,389 - NUS Business Chool (Honours)
  • $3,336 - SMU School of Business (Cum Laude and above)
  • $3,048 - SMU School of Business
  • $2,754 - NTU Business School (3-year direct Honours)
  • $2,677 - NUS Business School

Gross Monthly Salary - Median
  • $3,000 - NUS Business School (Honours)
  • $3,000 - SMU School of Business (Cum Laude and above)
  • $2,800 - SMU School of Business
  • $2,700 - NTU Business School (3-year direct Honours)
  • $2,500 - NUS Business School

Gross Monthly Salary - 25th Percentile
  • $2,600 - NUS Business School (Honours)
  • $2,500 - SMU School of Business (Cum Laude and above)
  • $2,400 - SMU School of Business
  • $2,300 - NTU Business School (3-year direct Honours)
  • $2,200 - NUS Business School

Gross Monthly Salary - 75th Percentile
  • $3,600 - NUS Business School (Honours)
  • $3,500 - SMU School of Business (Cum Laude and above)
  • $3,325 - SMU School of Business
  • $3,050 - NTU Business School (3-year direct Honours)
  • $2,700 - NUS Business School


Take this data as a guide only, it is not the fairest of comparison as NTU has a 3-year direct Honours programme, while SMU's Business Management course is a 4-year programme. NUS business school has a 3-year programme with an additional 1 year for Honours.



Frequently Asked Questions

1) What is the difference between mean and median salaries?
The Mean Gross Monthly Salary is an average of the salaries of the full-time permanently employed graduates. The Median Gross Monthly Salary is the salary of the 'central' (i.e. 50th Percentile) graduate in the 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 Business Management course offered by SMU shows that shows 50% of the graduates are earning $2,800 or less, the mean gross monthly salary is about $3,048. This indicates that there are some high earners who have raised the mean salary.
In contrast, the mean gross monthly salary of graduates of Social Science (Honours) is similar to the median gross monthly salary. This indicates that 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 25 graduates earn more than the 75th percentile (i.e. the upper quartile) Gross Monthly Salary indicated.



Ministry of Education Singapore

1 comment:

  1. There is an interesting debate in the blogosphere exploring the reasons for the persistent high unemployment rates in the US and elsewhere. Conservatives lay the blame on the structural skills mismatch and argue that this cannot be resolved through any stimulus spending measures. Liberals claim that the massive slump in aggregate demand from the boom, means that there are massive idling resources which can be brought to work with an appropriately structured stimulus program.




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