Australian university graduates are enjoying the best job prospects since 2014 as employer satisfaction with graduates is at its highest level ever.
This is great news for around 260,000 prospective students who will receive their first round university offers for 2019 from today.
Key findings of the 2018 Employer Satisfaction Survey and the 2018 Graduate Outcomes Survey released today include:
72.9 per cent of undergraduates were in full-time employment four months after completing their degree, an increase of five percentage points from 2014.
Graduates employed full-time were earning $61,000 a year four months after completion of their studies.
85% of supervisors were satisfied overall with their graduate employee – the highest level ever recorded.
92% of supervisors said graduates were ‘very well’ or ‘well’ prepared for employment.
Minister for Education Dan Tehan said more graduates were putting their skills and training to good use in the workplace.
“Our Government’s economic management has seen a record number of jobs created and this means more opportunities for university graduates to get a job and kickstart their careers,” Mr Tehan said.
“The Morrison Government is also providing record funding of around $17.7 billion to Australian universities this year and the return on that investment is job-ready graduates who can take advantage of the employment opportunities our economy is creating.
“In this country, if you have a go, you get a go and those Australians making the commitment to improve themselves, and improve their job prospects, through higher education should be congratulated. Everyone who received a university offer today should see it as an incredible opportunity and a stepping stone to realising their ambitions. Any prospective students who want to investigate their course further or look at other options should use the Government’s new Course Seeker website at www.courseseeker.edu.au.”