Good news for fresh graduates in Singapore – a recent survey by the top 3 universities in Singapore found that the median salary for degree holders rose to $3,200 for the graduating class of 2014. That's a near 5 percent increase compared to the previous year.
With unemployment rates consistently lower than 3 percent in Singapore, graduates here have little fear of not being able to find a job.
But what's the best-paying job in Singapore for a fresh graduate with a degree?*
Here, we at GET.com will show you the 10 best-paid jobs for degree holders in Singapore.
10. Quality Assurance - $2708
Job Description: This job requires you to be in charge of performing tests on computer applications to solve and isolate any issues. You'd also need to make tests and analyse the results to come up with solutions for technical issues and problems.
9. Research And Development - $2738
Job Description: The aim of research and development (R&D) is to improve the current technologies offered by an organisation or develop innovations that strengthen an organisation's business in the marketplace. It is applicable to many sectors, such as those in engineering, information systems and pharmaceutical sciences.
8. Property Management - $2750
Job Description: A property manager maintains property rentals by advertising and filling vacancies, negotiating leases as well as taking care of the security and maintenance of the premises.
7. Corporate Affairs - $2755
Job Description: A corporate affairs manager is responsible for communicating a favourable public image for his employer. This is done through media campaigns designed to reach investors, consumers, employees and industry analysts, just to name a few. Candidates for the job must have a wide skill set, including proficiency in communication, crisis management, public-speaking, writing and research.
6. Finance And Accounting - $2765
Job description: A finance and accounting position can range from being a finance officer, financial analyst or being an accountant. Whichever it is, the job scope involves taking care of the accounts of the company and financial analysis - including forecasting, budgeting and reviewing operational performance.
5. Production - $2767
Job description: A production manager is involved with the planning, coordination and control of manufacturing processes. They ensure that goods and services are produced efficiently and at the right cost and level of quality.
4. Project Management - $2813
Job description: Project managers are responsible for the planning, management, coordination and financial control of a project. They ensure the project is completed on time and within budget, that the project's objectives are met and everyone is working towards project completion.
3. Information Technology - $2816
Job Description: Graduates of Information technology can work in a wide variety of jobs within a company. These include working as a software engineer, programmer or being a systems analyst.
2. Legal - $2856
Job description: The legal profession is still seen upon as one of the most prestigious degrees, next to being a doctor. In recent years however, there seems to be a glut of fresh law graduates, resulting in a shortage of training contracts in law firms in Singapore.
1. Engineers - $2888
Job description: Being a specialised degree, it is little wonder that fresh engineering graduates earn the highest median salary. They work in a variety of fields to analyse, develop and evaluate large-scale, complex systems.
There is also a consistent demand for them in various sectors as they are needed to improve and maintain current systems or create brand new projects.
Engineers will design and draft blueprints, visit systems in the field and manage projects. Depending on their expertise, they can specialise in chemical, computer, mechanical as well as civil engineering.
*According to Hay Group's annual Fresh Graduate Pay Survey.
Before applying for a job, take a look at these 5 factors to consider before applying for a job in Singapore.