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Best and worst paid jobs after Aussies graduate: ‘From $94,400 to $55,500’

Best and worst paid jobs after Aussies graduate: ‘From ,400 to ,500’

The highest-paid jobs straight out of university in Australia have been revealed. (Source: Getty)

A successful career isn’t all about how much money you make, with more Australians leaving their jobs in the pursuit of happiness and purpose. However, if you’re undertaking a university degree it’s likely salary expectations have weighed into your decision.

Particularly as most graduates will leave tertiary education with a hefty HECS debt. Recent research from Quality Indicators for Learning and Teaching found that median undergraduate salaries ranged between a high of $94,400 down to a low of $55,500, depending on what area you studied in.

So, which field netted the best income in the four to six months after graduation?

Dentistry was at the top of the list, while pharmacy ranked the lowest.

Interestingly, pharmacy was found to have the strongest wage growth three years after graduation, jumping 85.5 per cent.

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To put it into context, the average Australian wage just tipped into six figures recently, at $1,923.40 per week or $100,016 per year, according to the Australian Bureau of Statistics.

This may seem like a lot and that’s partly because this average is skewed by high-earners.

The median wage, the middle value in a set of data, is $1,300 per week or $67,600 per year.

A poll of more than 5,800 Yahoo Finance readers found the majority felt they needed a $200,000+ salary to live comfortably. This was followed closely by 90-$130,000 and $130,000-$170,000, both getting 22 per cent of votes.

You can find out the best-paid industries here and the highest-paying roles here.

Here’s a breakdown of the best and worst-paid jobs after graduation:

  1. Dentistry $94,400

  2. Medicine $85,000

  3. Engineering $75,000

  4. Teacher education $75,000

  5. Computer and information systems $74,400

  6. Social work $77,300

  7. Law and paralegal studies $73,000

  8. Agriculture and environmental studies $71,100

  9. Rehabilitation $71,000

  10. Psychology $71,000

  1. Pharmacy $55,500

  2. Creative arts $59,500

  3. Tourism, hospitality, personal services, sport and recreation $65,000

  4. Communications $65,000

  5. Architecture and built environment $66,000

  6. Veterinary science $67,400

  7. Science and mathematics $69,000

  8. Business and management $69,200

  9. Humanities, culture and social sciences $69,400

  10. Nursing $69,400

  11. Health services and support $70,800

Women were found to earn less in all degrees except pharmacy, rehabilitation and social work, where earnings were equal.

“The gender gap in undergraduate salaries immediately upon graduation can partly be explained by the fact that females are more likely to graduate from study areas which lead to lower levels of remuneration,” the Graduate Outcomes Survey found.

“However, it is also the case that at the undergraduate level, females earn less overall than their male counterparts within most study areas.”

You don’t have to go to uni to land a well-paid job.

If you’re looking to earn six figures without a university degree, the Australian Taxation Office found air traffic controllers could earn up to $153,445 a year. Find the top 10 best-paid jobs without a degree here.

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