Fresh grad here, sorry if this is a stupid qn, but when you guys say fresh grad salary in CS is around 3.5k - 4k, does that already include bonus?

I'm surprised how well fresh grads in CS are paid, given the median monthly salary in SG across all ages is only about 4k (incl. bonus). That'd also mean most fresh grads in CS already earn more than the median monthly salary in SG the moment they join. :O