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scientific edition of Bauman MSTU

SCIENCE & EDUCATION

Bauman Moscow State Technical University.   El № FS 77 - 48211.   ISSN 1994-0408

AUSTRALIA: Postgraduate men reap rewards

08.06.2011
Postgraduate qualifications are supercharging salaries of men in the mining sector, who are commanding average salaries of $140,000 three years after entering the workforce, Graduate Careers Australia research shows.

Men with postgraduate qualifications in management and commerce are earning average salaries of $118,000, according to the study that resurveyed graduates three years after leaving university.

"Most revealing is the sheer scale of the increase in salaries from the point of graduation to three years out for graduates and postgraduates," GCA senior research associate David Carroll said.

Men with postgraduate management and commerce qualifications - such as masters of commerce or accounting or MBAs - experienced "remarkably high salary growth" of 75 per cent over the period, he said.

The report, which surveyed almost 8000 graduates at 23 universities three years after they were first surveyed in 2006, is the first large-scale longitudinal research of the post-study destinations of higher education graduates in Australia.

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It found salaries for bachelor degree graduates rocketed 41 per cent during the survey period from 2006 to last year, while salaries for postgraduates jumped 36 per cent during the same period. "Once people with graduate qualifications enter the workforce they appear to progress quickly," Mr Carroll said.

Postgraduate men working in finance and insurance earned an average of $110,000, while their counterparts in the professions, science and technology earned an average of $100,000.

Just below the $100,000 threshold were the highest earning women: those with postgraduate qualifications working in health or as managers. They earned on average $90,000.

"In terms of highest paying industries, postgraduate management and commerce females employed in public administration and safety earned the highest average salary of $84,000," Mr Carroll said.

Creative arts graduates earned the lowest average salary of $50,000 three years after graduation.

GCA report co-author Graeme Bryant said that graduates' fattening salaries was not the only measure of success.

Eighty-two per cent of full-time employed graduates and 86 per cent of postgraduates said they were working in roles directly related to their long-term career goals.

Mr Bryant said he was heartened by how positively graduates viewed their coursework experience three years after graduating.

"We see that the overall satisfaction a graduate or postgraduate has with their course increased from 71 per cent immediately after graduation to 82 per cent three years later," he said.

Source: The Australian
 
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