More than nine out of ten university graduates are in full-time jobs three years after finishing their degree.
Graduates have also enjoyed strong growth in their salaries, with an average starting salary of $58,700 growing to $72,800 after just three years in the workforce.
The graduate unemployment rate is just 3.3 per cent, well below the national average of 5.3 per cent.
Minister for Education Dan Tehan said the 2019 Graduate Outcomes Survey - Longitudinal report released today demonstrated the value of the Morrison Government's focus on job creation.
"More than 250,000 jobs were created last year and this data shows that university graduates are key beneficiaries," Mr Tehan said.
"Universities are a key driver of job creation, job growth, and productivity improvements in this nation.
"Our Government wants Australians to earn more from what they're doing. Australia's future economic success will rely on educated workers able to access innovation and research to drive growth and opportunity.
"Our Government has put graduate employment outcomes at the centre of our performance-based funding model for universities. This means universities will be incentivised to continue to produce job-ready graduates."
Dentistry produces the most employable graduates, with 99 per cent of graduates in full-time employment three years after completing their studies, followed by Medicine (98 per cent), Rehabilitation (98 per cent), Veterinary Science (96 per cent), Engineering (95 per cent) and Law (95 per cent).
The 2019 Graduate Outcomes Survey - Longitudinal report and visual analytics can be found at www.qilt.edu.au.
