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College graduates' pay rises 18% over 3 years: MOL

2017/09/14 19:15:28

CNA file photo

Taipei, Sept. 14 (CNA) College graduates in Taiwan saw an average 18 percent growth in their wages in the three-year period from 2012, according to data released Thursday by the Ministry of Labor (MOL).

In a survey of workers who graduated college in 2012, it was found that their average monthly salary in the first year after graduation was NT$28,349.

In the second and third year, their monthly pay increased to NT$29,411 and NT$31,401, respectively, the MOL survey found.

By the fourth year, the college graduates were earning NT$33,572 per month on average, marking an 18 percent increase from when they first started to work, the MOL survey showed.

Lo Yi-ling (羅怡玲), head of the MOL's Statistics Department, said the average monthly salary for college graduates over the past five years was NT$36,030.

The sectors offering the highest pay are the finance and insurance industries at NT$44,407 per month, followed by the manufacturing industry at NT$39,943, and the electricity and fuel supply industry at NT$39,685, she said.

The data, now available on the MOL's website in Chinese, was gathered from a total college graduate population of 1.54 million over the past five years, 1.334 million of whom make up the potential workforce in Taiwan.

(By Yu Hsiao-han and Kuan-lin Liu)