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Starting salaries grow as economy recovers: job bank

Taipei, May 21 (CNA) As the economy recovers, the average entry- level monthly salary of new graduates with master's degrees this year is NT$31,813 (US$989), up NT$1,296 or 4.2 percent from last year, a job bank said Friday.

According to a survey conducted by 104 Job Bank, the average monthly salary of new graduates with bachelor's degrees is NT$27,652, and new technical college graduates receive an average NT$25,410 -- both slightly higher than last year.

Fang Kuang-wei, public relations manager of 104 Job Bank, said job opportunities in the electronics industry increased the most -- with 44,000 more openings through May 1 compared with the same period last year -- making the industry willing to pay higher starting salaries.

The electronics and information industry offered the highest average salary for new graduates at NT$29,817, followed by construction and real estate related industries, which offered an average salary of NT$27,590, and manufacturing industries, with an average starting salary of NT$27,283.

In terms of job categories, new graduates with bachelor's degrees can earn the highest pay for jobs related to biotechnology research (NT$31,070) , engineering (NT$30,649) , and electro-optical communication and engineering (NT$30,040).

The survey was conducted online between April 20-29 with 621 valid responses. It has a confidence level of 95 percent and a margin of error of plus or minus 3.9 percentage points. (By Cheng Yun-hsuan and Fanny Liu) ENDITEM/bc