NINE IN TEN UNI GRADUATES ARE IN FULL TIME JOBS AFTER STUDY
Almost nine in ten graduates from Australian universities are in full time work three years after graduating, the latest Government figures show. The new data is reported in the 2018 Graduate Outcomes Survey — Longitudinal, Australia’s largest annual survey of higher education graduates in the workforce.
Universities Australia Chief Executive Catriona Jackson said the jobs picture for graduates was looking strong as the labour market continued to pick up across the country.
“A university degree expands your horizons, challenges you and remains one of the surest ways to find full time work, even when the labour market has been doing it tough,” Ms Jackson said.
“Four out of five people with undergraduate qualifications are working in managerial and professional occupations,” she said.
“These are exactly the type of jobs that the Australian Bureau of Statistics says require a Bachelor’s degree or higher.”
The Department of Employment forecasts that professional, scientific and technical services roles will grow by 126,000 jobs in the five years to May 2022. This is the second largest growth of any industry.
In addition to enhanced job prospects, younger university graduates continue to earn a significant wage premium compared to school leavers.
Which Australian states are targeting international students?
International education is Australia’s third largest exports, trailing only coal and iron ore, to the tune of $28 billion. That’s a pretty significant chunk of cash being flooded into the domestic economy. When people hear these kinds of figures, they naturally assume Melbourne and Sydney would be the two major players in this space in terms of attracting students, and on sheer numbers, they would be right.
However, several Australian states outside of Victoria and New South Wales have put their hand up in recent times, eager for a slice of the international student pie and the influx of finances they bring.
It wasn’t so long ago that the West Australian government removed a migration points advantage for students looking to remain in the state, in a bid to deter overseas students. Now, with international enrolments dropping as students head to other states for their education, the WA government has introduced a new graduate skilled migration list – designed to retain those who’ve earned PhDs, masters and honours with the promise of a pathway into skilled migration.
In response to the booming international student market (which trails only wine as the state’s largest export), plans are currently in motion to develop a 36-storey building to house students in the heart of Adelaide. The proposed skyscraper would tower over popular shopping strip Rundle Mall and would be the tallest of its kind in the City of Churches, with the ability to sleep more than 2,800 students.
In the rural city of Townsville, there has been a spike of 30 per cent in revenue over the last year as a result of international students flocking to the area. The lure of the Great Barrier Reef has been a contributing factor, with many students interested in science and environmental studies.
Sri Lanka Festival – 2018:Saturday 10 November