Students with a Bachelor degree are being snapped up by Australian employers within months of them graduating from university, Minister for Tertiary Education, Senator Chris Evans, said today.
The latest graduate employment figures from the 2011 Australian Graduate Survey reveal 77 per cent of bachelor degree graduates find full-time work within four months of completing their degree. A further 15 per cent of graduates are working in part-time or casual employment.
“This great result confirms that job prospects for university graduates in Australia remain very strong,” Senator Evans said.
“Employers want graduates with good communication, team working ability and problem solving skills including the generic skills needed to compete in the global knowledge economy.
“Thanks to the Government’s reform of tertiary education, more students, including those from regional and rural areas, are taking up the opportunity of getting a university degree.
“In the four years to 2012, there has been a 20 per cent growth in student places.
“The Gillard Government remains on track to meet its target of 40 per cent of 25 to 34 year olds attaining a bachelor degree or higher by 2025.”
The 2011 Australian Graduate Survey involved more than 168,000 graduates from Australian higher education institutions.
Other key findings include:
- About one fifth of graduates took up further full time study after completing their bachelor qualifications;
- The average annual starting salary for bachelor degree graduates in full time employment was $50,000; and
- More than 93 per cent of graduates were broadly satisfied with their courses.
Senator Evans said the unemployment rate for students with a bachelor degree was 3 per cent, compared to 7.1 per cent for people without a non-school qualification.
“With the introduction of the student demand driven funding system in 2012 and at a time of expansion in the sector, the Australian Government is committed to ensuring that universities continue to deliver high quality graduate outcomes,” Senator Evans said.
A copy of the 2011 Australian Graduate Survey can be found at: www.graduatecareers.com.au/Research/ResearchReports/index.htm