A reasonable percentage of students graduating with architecture, maths and agriculture degrees expect their first year salaries to exceed $80,000. The 12 – 14 per cent of students with this expectation contrast dramatically with one third of those graduating with a media degree; their expectations rest at less than $40,000.
A study of 7,240 students from 32 universities found that students would pick a principled employer over a well-paid job. Additionally they would choose an overseas posting rather that a move to another town in their home state whilst choosing promising career prospects over job security.
The choice of employer was interesting with Google coming out in the top position as preferred employer. Filling in the other top five positions include Deloitte, Ernst and Young, BHP Billiton and PriceWaterhouseCoopers.
The study, conducted by publishing company GradAustralia, found that the main challenge facing graduating students was one of saturation.
“We’re in a challenging period for graduate jobseekers. More students are undertaking degrees and entering the market, and it’s certainly become more competitive across most sectors,” said managing director Jeffrey Duncan.
“The survey shows that most students are realistic about salary expectations, but are interestingly looking to factors beyond pay when deciding whether an opportunity is a good fit for them.” Nearly half of all students surveyed said they expected to work between 41-50 hours a week, while one in three expected to work less than 40 hours a week. Less than 10 per cent said they were likely to work more than 60 hours a week.”
Perhaps it is these statistics that has contributed to a new publication by The Australian newspaper and GradAustralia entitled “Top 100 Employers Australia”?
The publication, which was recently launched by Assistant Minister for Employment Luke Hartsuyker, aims to promote companies that fully appreciate the knowledge that a graduate employee can offer.
“The graduates of today are the leaders of tomorrow, and world-class graduate programs like those being recognised tonight play an important role in developing our future leaders,” Mr Hartsuyker said.
Everyone knows how innovative Google is. From its mandatory “creative-time” where every employee must work on something that is innovative to their funky working conditions. They have created a blueprint for other businesses to aspire to. Stephanie Borgman, head of graduate recruitment at Google intends for them to remain in the number one position for graduates.
“Graduates in our Sydney office get to work on cool things that matter, like Google Maps which is used by a billion people around the world and some of the world’s coolest current technology challenges like how to make cars smarter with Android Auto.”
“We work very hard to be a place where people from all different kinds of backgrounds will want to work,” Ms Borgman said.