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The grad stats are out – and here are the biggest earners

Posted July 30, 2014, by Marni Williams

Graduate Careers Australia’s annual Australian Graduate Survey results were released last night with good news for student satisfaction, Western Australians and health graduates. Here’s a quick run down.

Employment for graduates has slowed

In 2013, 71.3 per cent of new bachelor degree graduates who entered the full-time labour market had found a full-time position within four months of completing their course.

This is down from 76.1 per cent in 2012, but of the general labour force, just 3.4 per cent of bachelor degree graduates were unemployed, which is 4.4 per cent lower than graduates without post-school qualifications.

But starting salaries are slightly higher, especially for women

The average starting salary went up from $52,000 a year to $52,500. While that doesn’t equate to much more than a couple of nice meals, this change was mainly due to an increase in the female median starting salary, which went up by $1,600 from 2012 to reach $51,600, while the male median was unchanged at $55,000.

Top earners straight out of university:

  • Dentistry ($80,000)
  • Optometry ($70,000)
  • Engineering ($64,000)
  • Medicine ($60,000)
  • Earth sciences ($60,000)

Grad salaries by state:

Graduates in Western Australia had the highest median starting salary, followed by the ACT and the Northern Territory.

Victorian graduates earned the least.

And the students are satisfied

With a huge 93.9 per cent of bachelor degree graduates expressing broad satisfaction with their higher education experience, it seems that the slow employment on graduation doesn’t tarnish their outlook.

And with over 182,000 invited to respond and 109,000 making the effort, we can certainly see that as a significant tick of approval from Australia’s student population. Now, we just need to make sure they heed this message from GCA Executive Director, Dr Noel Edge:

‘All our research shows that unemployment is not a long-term concern for graduates and it’s important to understand that getting a degree is not just about the first job after university: it’s about a life-time of advantage in the labour market as well as the potential for huge personal growth.’

We couldn’t have said it better ourselves, Dr Edge.

Think a ‘life-time of advantage’ sounds appealing? Take a look at some online courses and get ahead.

Marni Williams

Academy Xi
AIM Business School
All Health Training
Australasian College of Health and Wellness
Australian College of Physical Education
Australian Fitness Academy
Australian Institute of Business
Australian Institute of ICT
Australian Institute of Management Education and Training
Australian Institute of Personal Trainers
Builders Academy Australia
Charles Sturt University
College Australia
College for Adult Learning
Deakin University
Dūcere
Edmund Barton College of Business Education
Foundation Education
General Assembly
Griffith University
Hammond Institute
James Cook University Online
La Trobe University Online (Delivered by Didasko)
LET Training
MCI Institute
Melbourne City Institute of Education
Mentor Education
Monarch Institute
Nepean Industry Edge Training
Onfit Training College
RMIT Online
The Hotel School
The Institute of Makeup Artistry
The Interior Design Institute
The Nutrition Institute
The Photography Institute
Transformed Pty Ltd
UNE Partnerships
University of Adelaide
Torrens University
University of New England
University of Wales Trinity Saint David
HTMi Australia
Southern Cross University