MoneyIncreasing number of graduates finding full-time work

08:55  11 january  2019
08:55  11 january  2019 Source:   msn.com

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Part-time purgatory: University graduates unable to find fulltime work . In 2008, 56.4 per cent of university graduates had secured full time work in the four months since completing their studies. And with number of graduates remaining unemployed increasing , competition also increases year

The number of graduates looking for and finding full - time work was steady from 2010 to 2012 but fell in 2013. Photograph: Chris Ison/PA. University graduates are facing the most challenging time finding a job in two decades. The latest results of an annual graduate survey show that a little more than

Increasing number of graduates finding full-time work© Getty Swanston Street, Melbourne, on RMIT university graduation day in December 2014

The proportion of Australians who landed full-time jobs within a few months of graduating university in 2017 was slightly higher than the year before, but remains significantly lower than a decade ago.

A new government-funded survey has found 72.9 per cent of graduates in 2017 found full-time work within four months, compared to 71.8 per cent the year before.

The 2018 Graduate Outcomes Survey puts the gradually improving result reflects down to broader strengthening of the jobs market.

But the figure is still down from the 85.2 per cent of 2008 graduates who found full-time work within four months.

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"Since the global financial crisis, graduates have taken longer to gain a foothold in the labour market," the report released on Friday states.

Ultimately 92 per cent of 2017 graduates were in some kind of employment, with 37.9 per cent working part-time, slightly down on 37.3 per cent the previous year.

The median salary for undergraduates in full-time employment is $61,000, up from $60,000 the year before.

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Of the other half, a significant number of graduates are finding work through non-traditional avenues. About 10 percent are “part-time employees, entrepreneurs, freelancers or postgrad fellows In terms of major, computer science graduates had the highest rate of full - time employment, with 72 percent.

Education Minister Dan Tehan says the results reflect the government's sound economic management, with newly created jobs meaning more opportunities for graduates.

The figures are also "great news" for about 260,000 prospective university students set to receive offers to study on Friday, he said.

"In this country, if you have a go, you get a go," he said.

"Those Australians making the commitment to improve themselves and improve their job prospects through higher education should be congratulated."

Maintaining a trend in last year's survey, 2017 graduates from regional or remote areas were more likely to secure full-time work within months than those from cities.

Their full-time employment rate was 76.7 per cent, compared with 71.8 per cent for metropolitan graduates.

Women graduates continues to earn less than men in their first year, with a median gap of $3000 or 4.8 per cent.

The gap had narrowed to $1100 last year, but had been $3600 for those who graduated in 2015.

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