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As the Class of 2024 receive their long-awaited HSC results, here's Daily Mail Australia's guide to choosing a degree that will get you an above-average salary right after graduation, where you should go to maximise your earning potential - and the courses and universities to avoid.
The classic advice on choosing a degree is to follow your heart: the more interested you are in your subject, the more successful you will be, both academically and in later life. But, in today's job market, does that hold true?
Get your decision right and you're on course for a satisfying, well-paid career with a manageable loan repayment. Get it wrong and you're saddled with poor job prospects, crippling HECS debt and a degree that's barely worth the paper it's printed on.
If you're the parent of a teenager - especially one considering an arts or humanities subject - take a look at the numbers. You might get a shock.
Australia's worst-performing universities in terms of graduate starting salaries (generally speaking) are the ones that offer humanities degrees. This is true even if the institutions are considered prestigious.
Creative arts degrees have some of the lowest median graduate salaries and the poorest prospects for full-time work, with years of study leading to a job with typical full-time pay of just $59,500, based on data from the Quality Indicators for Learning and Teaching's graduate outcomes survey.
This is well below the $71,000 mid-point salary for all students four to six months after graduating.
Of Australia's 41 universities looked at in the Department of Education-funded research, 22 had median salaries below the overall mid-point, three were right in the middle and 16 were above that level.
Australia's worst-performing universities when it comes to graduate salaries are more likely to teach humanities subjects (pictured is the University of Sydney Queer Action Collective)
Of that list, five universities had mid-point graduate salaries below Australia's median salary of $67,600, which covers both full-time and part-time workers.
Maurice Newman, who was Macquarie University chancellor from 2002 to 2008, says arts graduates are often unsuited to private-sector employment because they have been taught to despise society's traditions.
'Perhaps that's because these days, arts degrees have become so polemical, graduates are less suited to profit-making ventures,' he tells me. |
