The State of Graduate Pay
The latest statistics from Graduate Careers Australia show the median annual starting full time salary for new bachelor degree graduates under the age of 25 is $43,000. The median annual starting salary for Business Studies or Accounting bachelor degree graduate is slightly under this figure at $40,000. For an Economics graduate this figure is $45,000.
Graduate Careers Australia ranked Economics, Business and Accounting starting salaries equal 13th (along side Agricultural Science, Architecture and Building and Veterinary Science) out of 17 fields of education surveyed in 2007.
Whilst entry level figures are average, the finance industry provides many lucrative opportunities for those employed in the industry. According to My Career’s Salary Centre, several occupations within the finance industry exceed the current average Australian salary ($80,983) including Analysts ($83,779), Auditors ($92,454), Business and Corporate Banking ($93,429), Compliance ($83,776), Corporate Advisory ($102,643), Risk Management ($100,785), Actuaries ($85,420) and Insurance Management ($88,225).
Note: figures include overtime, bonuses and packaged arrangements and therefore do not reflect base wages/salaries
Authorised By: Leon Carter, National Secretary