Title: Graduate Outcomes Survey
Author: Australian Department of Education, Skills and Employment
The Graduate Outcomes Survey (GOS) is conducted by the Australian Department of Education, Skills and Employment. It targets recent graduates from Australian higher education institutions. The survey, which takes place four to six months after students complete their studies, focuses on short-term employment outcomes. These include skills utilisation, further study activities, and graduate satisfaction.
Annually, over 130,000 recent graduates participate in the GOS. The survey encompasses graduates at undergraduate, postgraduate coursework, and postgraduate research levels. It collects a wide range of data, such as salary information, occupation types, and skills relevance in the workforce. This data provides insights into the early career paths and experiences of graduates in various fields.
The Graduate Outcomes Survey is authored by the Australian Department of Education, Skills and Employment. This government department is responsible for developing national policies and programs in education, training, and employment. Their aim is to ensure that education and training align with the needs of the job market in Australia.
- The survey measures short-term employment outcomes for recent graduates.
- It covers graduates from all Australian higher education levels.
- Conducted annually to provide current information.
- Gathers data on skills utilisation and further study activities.
- Offers insights into graduate satisfaction with their courses.
Business and Management Graduate Employment
Graduates of Business and Management bachelor degrees have secured the highest full-time employment rate among standard three-year degrees, according to the latest Graduate Outcomes Survey. Their full-time employment rate saw an increase from 72.8% in 2021 to 84.3% in 2022, outperforming the national average for undergraduates, which rose from 69.2% to 79.0%.
This distinction highlights the employability of Business and Management graduates, contrasting with other fields where full-time employment rates are linked to longer or more specialised degrees. It showcases the effectiveness of a Business and Management education in meeting the demands of the current job market.
The data confirms that a Bachelor's degree in Business and Management not only aligns with industry needs but also offers graduates a strong likelihood of securing full-time work relatively soon after completing their studies, underscoring the value of this educational path.
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Business and Management Postgraduate Salaries
In the 2022 salary rankings for Australian postgraduates, those with degrees in business and management held the second-highest median full-time earnings, at $115,000. This group was only surpassed by dentistry graduates, who topped the list. The strong performance of business and management salaries demonstrates the premium that the job market places on individuals with advanced management skills and business knowledge.
Despite the overall median salary for all fields being $91,600, business and management graduates stood out with their significantly higher earnings. This gap not only highlights the financial advantage of holding an MBA or similar qualification but also points to the robust demand for management expertise in the professional landscape.
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