At a time when job growth has slowed, both domestically and globally, university education is giving graduates the edge. New research by Graduate Careers Australia Ltd has shown that full-time employment for graduates, three years after finishing their degree, has increased from 76.2 per cent in 2012 to 88.5 per cent in 2015.
The figure equates to an impressive nine out of ten graduates having full-time employment at the three year mark, while the majority also find full-time employment within four months of finishing their degree.
The results are based on a 2015 graduate survey which was conducted in association with 19 Australian higher education institutions. The survey focussed on domestic bachelor degree graduates and found that graduates from the fields of health, education, and engineering and related technologies enjoyed particularly strong employment rates shortly after course completion.
The survey also revealed that full-time employed male graduates were most likely to be working in the professional, scientific and technical services industry group, followed by healthcare and social assistance, and public administration and safety. While around three-quarters of full-time employed female graduates were concentrated in four industry groups: health care, professional services, education and training, and public administration.
In more good news for graduates the median starting salary for bachelor degree graduates aged less than 25 and in their first full-time employment in Australia was $54,000. This figures shows an increase from $52,500 which represented the median starting salary in 2014.