The graphs depict the percentage of math graduates and all graduates in Australia who obtained full-time employment after university between 2004 and 2012. Additionally, the table outlines the average salaries of these two groups over the same period.
Math graduates consistently had a higher employment rate compared to all graduates throughout the given years. Furthermore, their average salaries were also notably higher than those of all graduates, with a widening gap observed over time.
In terms of employment rates, math graduates consistently outperformed all graduates, maintaining figures close to 90% throughout the period. In contrast, the percentage of all graduates securing full-time jobs fluctuated between approximately 70% and 80%. Both groups experienced a slight dip around 2010, with math graduates dropping to about 85% and all graduates falling to around 70%. By 2012, both groups showed some recovery.
When it comes to salaries, math graduates consistently earned more than all graduates. In 2004, both groups had similar starting salaries of $41,000. However, by 2008, math graduates earned $50,000, compared to $45,000 for all graduates. This gap widened further in 2012, with math graduates earning $60,000, while all graduates earned $51,000. This trend highlights the increasing financial advantage of math graduates over time.