Average Graduate Salaries in Australia 2017 - 2018

By | September 18, 2017

Average Graduate Salary in Australia

UniversitySalaryEmployedStudyOther
University of Melbourne$62,65930%53%17%
University of Western Australia$60,67240%38%22%
Australian National University$55,61849%29%21%
University of Adelaide$55,50740%36%24%
University of New South Wales$54,16763%18%19%
University of Notre Dame Australia$53,54671%11%18%
University of Sydney$53,52449%30%21%
University of Wollongong$52,61052%28%19%
University of Tasmania$52,42850%27%23%
University of Queensland$52,27657%22%21%
Charles Darwin University$52,06371%14%15%
University of Southern Queensland$51,72173%12%15%
James Cook University$50,99863%16%21%
Charles Sturt University$50,82579%6%15%
Monash University$50,77552%26%22%
University of Canberra$50,20158%17%25%
CQUniversity$49,91972%10%17%
Bond University$49,65155%22%23%
University of New England$49,43666%15%19%
Australian Catholic University$48,98564%13%24%
Curtin University$48,87358%14%28%
University of Newcastle$48,81457%17%26%
Murdoch University$48,34553%16%31%
Edith Cowan University$48,06252%17%31%
Queensland University of Technology$47,90559%17%24%
Victoria University$47,82048%23%29%
Federation University Australia$47,75360%15%26%
Western Sydney University$47,52545%28%27%
Griffith University$47,40149%23%28%
Macquarie University$47,30956%20%24%
Deakin University$47,27754%20%26%
University of South Australia$47,05161%16%23%
La Trobe University$46,73851%24%26%
Southern Cross University$46,65757%16%27%
University of Technology Sydney$46,63460%15%25%
Flinders University$46,04844%20%36%
Swinburne University of Technology$44,34554%17%29%
RMIT University$44,11647%24%29%
University of the Sunshine Coast$43,78557%12%31%
University of Divinity$43,03573%17%10%

Updated 12 Feb 2017

Top Universities for Graduate Salaries

Which are Australia’s best universities for setting up professional careers?

As you might expect, the more prestigious universities perform better. Graduate salaries are higher and more graduates go on to further study. Universities such as Melbourne Uni, UWA and Adelaide Uni are at the top of the pay rankings.

But results do vary.

  • Our analysis shows that some “average” universities beat many of the prestigious ones in terms of getting graduates into jobs.
  • Online universities (e.g. CDU, USQ) generally do well in terms of graduate outcomes. They benefit from having high percentages of working and/or mature students.

The table shows the salary, employment and study rates of first-time university graduates some months after completing their degrees. Observed salaries been adjusted for unemployment, the potential earning power of students doing further study, and high employment rates among online students.

Average Australian Graduate Salaries by Subject

SubjectAverage Graduate SalaryTop UniversityUni Graduate Salary
Dentistry$68,935University of Queensland$77,853
Medicine$60,445University of Western Australia$66,675
Engineering$56,442CQUniversity$69,430
Physio & occupational therapy$49,730University of Notre Dame Australia$58,487
Law$49,504Charles Darwin University$72,980
Nutrition & other health$48,948University of New South Wales$74,653
Computing$47,179University of Melbourne$61,692
Agriculture & environment$47,110University of Melbourne$51,948
Architecture$46,979CQUniversity$66,835
Science$46,766University of Melbourne$57,774
Nursing$46,272University of Adelaide$52,674
Education$45,869Charles Darwin University$54,635
Psychology$44,386University of Canberra$57,414
Business$44,288University of Melbourne$57,296
Social work$44,256CQUniversity$54,484
Humanities & social science$41,977University of Melbourne$52,141
Veterinary science$41,901Murdoch University$47,911
Pharmacy$39,443University of Tasmania$42,500
Communications$34,514University of Western Australia$45,172
Creative arts$31,041University of Canberra$34,759

Sources: Graduate Destinations Survey (2012-2014), UniCurve modelling

The above table shows indicative salaries by subject for students who recently graduated.

The salary estimates account for:

  • low salaries of unemployed graduates
  • earnings potential of graduates doing further study.

Interpreting Graduate Salary Estimates

The graduate salary estimates show which universities produce with best graduate outcomes. Importantly, the figures control for unobserved earning potential of graduates doing advanced courses. The table uses data from the past 3 Australian Graduate Surveys.

Adjustments

The reported salary amounts are based on the observed median salary of graduates who were working full time at the time of the survey.

Graduate salaries are adjusted for low incomes of unemployed graduates and high earnings potential of graduates doing further studies. Unobserved earning potential is estimated using an economic model that is responsive to pay, study and unemployment rates for the university’s graduate cohort.

  • Unemployed graduates are assumed to be welfare dependent.
  • Graduates doing post-graduate courses are assumed to have higher earning capacity than those who entered the job market.

For online (external students), a regression-based adjustment is made to compensate for higher employment rates. This is done for overall university stats but not by individual subject. Online students are often mature-students who already have a job and study part-time.

Factors not considered

Significant pay factors for which no adjustments were made are:

  1. The average ability of the students in a university.
  2. Job status and age of enrolled students.
  3. The job market conditions in the city/region where a uni is located.