The Stutern Nigerian Graduates Report is out. The study this year which provides insights to graduate employability which reveals widespread under-compensation of Nigeria graduates at local companies. The survey results also show majority of graduates are not studying courses that would make them employable in the country.
According to the survey Stutern Nigerian Graduate Report, 60% of new graduates earn less ₦50,000 ($139) as a first job monthly salary. A deeper look revealed that 1 in 5 graduates earn below ₦20,000 as a first job monthly salary. Less than 3% earn ₦200,000 and above.
Graduates employability has been a major conversation among employers of labor in the country. The study revealed that graduates from Covenant University are the most employable graduates in the country. The University of Ilorin ranks as the top University in terms of return on investment based on salary earned and tuition paid.
During the research, graduates were asked, “Which employer do you think offers the best opportunities for graduates in Nigeria?”. KPMG ranked first among the top 20 graduates employers in the country. Majority of respondents based their decision on impression formed from talking to people who have worked at these companies or still work there.
More than 50% of graduates disclosed that communications skill (written and spoken), as well as knowledge of the skill they studied, are the two least skills their academic education prepared them with.
Survey reveals widespread under-compensation for Nigerian graduates:
- 60% of new graduates earn below ₦50,000 ($139) as monthly salary.
- Unemployment is gender biased as female graduates suffer the most.
- Less than 10% of graduates studied the 10 most employed graduate courses.
- Graduates from Covenant University are the most employable in Nigeria.
Find the complete insights to Stutern Nigerian Graduate Report here.