Wednesday, 23 October 2019

Graduate Unemployment in Malaysia: A Crisis?

*Content below is a repost from EduAdvisor.my

“Study hard. Get a degree. Find a good job. Live happily ever after.”

Sounds familiar?

According to EduAdvisor.my, every year, over 290,000 students graduate from institutions of higher learning. Unfortunately, 1 out of 5 graduates remain unemployed, with the majority being degree holders. These graduates make up 55% of those who are unemployed.



Infographic by: EduAdvisor.my



According to Education Minister Dr Maszlee Malik, nearly 60 percent of first-degree holders and above remain unemployed after one year of graduation (Malaymail, 15 Oct 2019). This is based on findings from the Ministry of Education Malaysia’s Graduate Tracer Study (SKPG) for 2018.

Graduates were requested to fill in the SKPG online survey upon graduation in order to proceed with their convocation. However, once they secure their jobs, they have to update their employment status manually. Thus, it is possible that graduates who managed to secure a job refused to spend another 10-20 minutes to update their survey forms. The statistic of ’60 percent’ unemployment rate is probably unreliable.

We have done a simple research on the employment rate of both public and private universities. The findings are as follows:

University
Employment Rate
Source
UM
78.15% in 2017 upon graduation
Official Website, Tracer Study

UKM
85% within 6 months after graduation in 2016

Official Website

UPM
85.5% as of 31st December 2018
Official Website

UTM
Above 81% within 3 months after graduation in 2014

Official Website

UTAR
Above 95% within 6 months after graduation since 2005

Official Website

Sunway University
Ranging from 74% (School of Arts) to 100% (School of Healthcare and Medical Science)

Official Website, Tracer Study

Taylor’s University
97% within 6 months after graduation

Official Website

INTI International University
99% within 6 months after graduation

Official Website


The above sort of conflicts with MOE data and the scheme for Graduates@Work by the Minister of Finance. A Government funded/supported internship will be helpful for graduates and/or a conversion program for those with the “wrong” skill sets!
On an individual level, remember that the degree that you choose to study does not determine your entire future! While a degree will equip you with the right knowledge related to your field of study, other skills (both hard skills and soft skills) are crucial too. Most importantly, make sure you are constantly learning and adaptable.

Reference:
1. Michelle Leo, What You Didn’t Know About Fresh Graduate Unemployment in Malaysia [Infographic], https://eduadvisor.my
2. Minister: Almost 60pc of graduates remain unemployed a year after graduation, 15 Oct 2019, MalayMail

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