How post-school education helps your work prospects and earnings

Four week ago I wrote about the recent release of

Australian Jobs 2013
. As mentioned it’s the Department of Education,
Employment and Workplace Relations’ most recent edition of their
comprehensive annual Australian labour market update.


In that

I highlighted a range of statistics about employment relevant
to recruiters.


Today I highlight one of the areas I did not cover in
that blog, which is the area of employment and earnings outcomes from
education and training as detailed in the DEEWR publication

Australian Jobs 2013


(A) Unemployment and participation rates   

  1. Australians who hold a bachelor degree or higher qualification have
    the lowest unemployment rate (3.4% in 2011) and the highest labour
    force participation rate (87.4%).    
  2. Those who hold vocational education qualifications at the advanced
    diploma/diploma or certificate III or IV level also have relatively
    low unemployment (4.0% and 4.3% respectively).    
  3. The
    unemployment rates for workers who do not hold post-school
    qualifications are markedly higher, particularly for those who left
    school before completing Year 10 (12.2%). Those who left school
    before the end of Year 10 have the lowest level of labour force
    participation (45.5%).  
(B) Full time employment for 2011 graduates within
4 months of their course completion   

  1. In the tertiary sector the strongest
    graduate employment results, by specific discipline were:
    • medicine and pharmacy (both 98.1%, but
      this figure is influenced by registration year requirements, for
      which the health sector provides places)
    • mining engineering (93.9%)
    • surveying (93.0%)
    • nursing – initial training (92.2%)
    • civil engineering (90.5%) 
    1. The poorest results were for Creative Arts (58.6% in full time
      employment) and Physical and Natural Sciences (62.9%).    
    2. In the VET Sector (Cert I – IV plus Diplomas)
      the strongest employment results were:
      • Education (91.1%)
      • Architecture and Building
      • Engineering and Related
        Technologies (83.9%)
      • Health (83.2%)
      • Agriculture, Environmental
        and Related (81%)

        (C) Earnings   

        1. People who did not complete Year 12 generally earn around 21% less
          than someone whose highest educational attainment is an advanced
          diploma or diploma, and around 42% less than a university graduate.    
        2. In 2012,
          Graduate Careers Australia’s (GCA) figures show the median annual
          starting salary for bachelor degree graduates aged younger than 25
          years and in their first full-time job was $52,000, up by $2,000
          from 2011. GCA’s analysis states that this was 77.8% of the annual
          average male earnings ($66,800) at the time of the survey.    
        3. The highest earnings for tertiary graduates in
          2012 were:
          • Dentistry ($80,000)
          • Optometry ($79,000)
          • Earth Sciences ($73,000)
          • Engineering ($63,000)
          • Medicine ($60,000)
            1. The highest average salaries for VET
              graduates in 2012 were for:
            • Education ($71,800)
            • Engineering and Related Technologies
            • Natural and Physical Sciences ($57,500)
            • Health ($55,800)
            • Management and Commerce ($55,500) 
            1. For those
              who completed their VET training as part of an apprenticeship or
              traineeship, the average starting salary was $46,500. 

            Leave a Comment

            This site uses Akismet to reduce spam. Learn how your comment data is processed.