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Definitions The following definitions provide more detailed information about frequently used terms throughout this site. Activities (What Graduates do after completing their courses) The graph showing what graduates do after completing their courses refers to "Working", "Searching" and "Studying". Working means working full-time, Searching means seeking full-time work, and Studying means engaged in full-time study. The first two categories are drawn from those graduates who were available for full-time employment. Graduates searching for full-time employment may also be employed part-time. The percentage of graduates "Studying" is obtained from the total number of respondents and comparisons between this category and the "Working" and "Searching" categories should be avoided. Average Weekly Earnings The 'annual rate of average weekly earnings' is derived by averaging the Average Weekly Earnings (AWE) figures for the January-March and April-June quarters in each given year and multiplying by 52. Figures are taken from the Australian Bureau of Statistics (ABS) publication Average Weekly Earnings, States and Australia 6302.0 The AWE figures, used on this site as a basis for comparing graduate salaries, refer to male AWE because female AWE are usually lower than and more variable than male AWE. This is largely due to the large difference in hours worked and the fact that females are more likely to be engaged in lower paid occupations. Field of Study A field of study is a broad area of study, which contains many similar subjects. Examples are Economics, Humanities or Paramedical Studies. The field of study lists used on this website are sourced from the Commonwealth Government Department of Education, Employment and Workplace Relations (DEEWR). Industry sector Where salary data is presented by industry sector: Median Salary The median salary figure represents the midpoint in the salary range at which equal numbers of graduates earned more and less than that figure. Occupation This is a job category which refers to a broad type of occupation. It does not correspond directly to specific job titles. Salaries The salary figures on this site include payments such as overtime and bonuses, so they often do not reflect base wage rates. For example, the salary for medical graduates is substantially increased by overtime payments. Therefore, an analysis of how salaries compare across fields of study should take hours worked and hourly salary rates into account. Salary Rank (Applies particularly to Bachelor Degree Under 25 degree level). Some fields of study require graduates to complete a period of supervised practical experience so they can be registered as a professional within an occupation. This means that some fields of study will have relatively low starting salaries. Some examples of fields where this is the case are architecture, pharmacy and law. Salaries for law graduates are also affected by differing requirements for admission in various States. Some States have the articled clerk scheme, others have practical legal training courses, while some have both. Starting Salary The starting salary is the term for the salary earned by graduates aged 25 years and under, in their first full-time employment in Australia. Subject A subject is a more specialised area of study. For example, within Economics, you could study banking, finance or marketing. For a list of Fields of Study and Subjects used on this website, click here. |
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