Fresh local university graduates earned a record $3400 starting pay last year (2017), up from $3300 in 2016.
The results were collated from a joint graduate employment survey, which polled 11,628 full-time fresh graduates from the NUS, NTU and SMU.
The study also indicated that nearly 9 out of 10 graduates found jobs within 6 months of their final examination.
Another 3 per cent of graduates had accepted job offers, but had yet to start work at the time of the survey, compared to 2 per cent the year before.
Out of the 3 universities, SMU graduates were found to the most employable within 6 months, with employment rate at 93.9% as compared to 90% for NUS and NTU.
NTU and NUS graduates earned median gross monthly salaries of $3,487 and $3,500 respectively, up by 1.8 per cent to 2.9 per cent. SMU graduates were paid $3,500, the same as the previous year.
Of the courses offered by the 3 universities, students taking business administration, engineering, computing and economics recorded the greatest increase in median salary.
Notably, fresh graduates from NUS school of computing, business analytics course recorded an employment rate of 97.6% and a median pay of $4,000.
As compared, graduates from privates schools did not fare as well, with a median salary of $2,550.