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University graduate wages up over 30% in 3 years

University graduate wages up over 30% in 3 years

Data released Wednesday by the Ministry of Labor (MOL) shows that university graduates saw their wages growing more than 30 percent on average over a three-and-half year period.

According to the ministry, university graduates who left school in the summer of 2011 and entered the job market in that year were paid NT$25,246 (US$765) as an average monthly starting salary, a figure that had grown to NT$33,151 in 2014, representing a 31.31 percent increase over the period.

The data was tallied after the ministry and the Ministry of Education conducted an analysis of 1.2 million graduates holding Ph.D. degrees, master's degrees, university and college degrees.

In terms of starting salaries, university graduates who left school in the summer of 2013 and entered the job market that same year were paid an average NT$26,032 as a starting salary, higher than the starting wage of NT$25,246 recorded two years earlier, the data shows.

These university graduates who left the schools in 2013 enjoyed an 8.71 percent increase in salary a year after they entered the job market with their average salary rising to NT$28,299, the statistics show.

As for college graduates, who left school in the summer of 2011 and entered the job market in that year, their average salary also grew more than 30 percent over the three-and-half year period. Their average salary rose to NT$32,125 from their starting wage of NT$24,169, the data showed.

Employees who obtained Ph.D. degrees or master's degrees and entered the job market in 2011 recorded NT$59,318 and NT$38,395 in starting salaries, respectively, and witnessed their average salaries growing 17.01 percent and 19.36 percent, respectively, over the three-and-half year period, the data indicates.

The data shows that university and college graduates enjoyed higher salary wage growth over the three-and-half year period than Ph.D and master's degree holders. (By Tai Ya-chen and Frances Huang)


Updated : 2021-09-17 05:31 GMT+08:00