Ever wondered which Australian Universities produce graduates who then go on to enjoy the highest starting salaries in their chosen occupation? It is a valid question and will certainly be of interest to those looking to study in Australia as a path to Australian permanent residence.
When I was a kid back in the UK, I had aspirations to attend either Oxford or Cambridge university.
Oxford and Cambridge were ranked number one and number two, respectively. If you were to secure a degree from either university, you had an excellent chance of securing a job in your chosen field. More importantly, employers would often be willing to pay a premium salary to graduates from both of these universities (plus my mum and dad would have been extremely proud etc)…
Alas, it transpired that approximately 200,000 other students wanted to attend the same universities and 199,999 were probably more intelligent than me. A few years later, I got a place at Huddersfield University. An excellent little uni that left me with fond memories (and average earning possibilities at graduation). :)
When it comes to Australian universities, safe to say, Australia has some of the world’s top Universities and is well-known for its high quality of education. Some resources cite Australia as having 7 universities in the top 100 universities in the world.
Like the Oxford’s and Cambridge’s of the UK, Australia has universities with a robust heritage that often attracts higher salaries for its students on graduation.
The Good Universities Guide publishes an annual review detailing the top salaries earned by Australian university students on graduation. Below, we will cover these salaries in a little more detail.
Australian University Graduates – Highest Starting Salary
In the 2019 – 2020 guide, the top spots go to two universities.
The first; Charles Darwin University (CDU) is an Australian public university with about 22,000 students. It was established in 2003 and was named after Charles Darwin, the celebrated English naturalist. 83% of Charles Darwin University graduates were able to secure full-time employment immediately after graduation.
The second; the University of Southern Queensland, is a regional university based in Toowoomba, Queensland. It is a similar size to CDU with approx. 25,000 students. It offers courses in law, health, engineering, the sciences, business, education, and the arts. 2019 marks the third consecutive year that the University of Southern Queensland has achieved the highest starting salary in Australia.
So how much would you expect to earn if you graduated from one of these universities? $65,200 AUD Apparently! Check out the top 10 university earnings below.
Top 10 Universities which produce graduates with the highest starting salaries by rank:
|2019-2020 Rank||University||Median Salary (AUD)|
|1||Charles Darwin University||65,200|
|1||University of Southern Queensland||65,200|
|2||University of Tasmania||65,000|
|3||University of New England||64,700|
|5||The University of Notre Dame Australia||64,000|
|6||Charles Stuart University||63,400|
|7||Edith Cowan University||62,600|
|8||Federation University Australia||62,600|
|10||Southern Cross University||62,400|
What is the Average Starting Salary for Australian University Graduates
It’s not all about earning the most though. On average, a typical university graduate earns a half-decent income after graduating from university.
How much? Pleasingly, the average salary is not that far from the highest with a 2019 – 2020 Graduate earning an average of AUD 61,000 per year (31,641 Uk Pounds or 44,616 USD at time of typing).
How does this compare to salaries earned by graduates in your home country? Are you likely to earn more or less? We would love to hear your views, so please let us know in our comments section below.