The graph illustrates the proportion of employees’s university degree while the table shows the average wage of maths grads along with all graduates between 2004 and 2012 in Australia.
Overall, maths graduates consistently led the workers rate and had a higher salary than their counterparts. While the percentage of employees in both categories remained stable, the figure of salary of 2 groups followed the upward trajectory.
Regarding employment, the percentage of math graduates started at 80 before
hitting a high of approximately 83% in 2006. Over the period, this figure ended at 80 in 2012. Conversely, all graduates began at 60% in 2004 and experienced a slight improvement to 80% by 2008 before dropping to 60% again at the end of the period.
In terms of the wages of graduates, maths grads and all graduates followed a similar upward trajectory. They had the same salary in the first two years with 41 thousand dollars and 43 thousand dollars, respectively. Until 2008, the finance covered for these 2 groups had a variation. Math graduates’ wages saw an increase to 50,000 dollars, before reaching a peak at 56,000 dollars in 2012 . In contrast, the figure of all graduates rose slightly by only 2 thousand dollars in 2008 then increased gradually to 47 thousand. Finally, this figure finished at 51,000 dollars in 2012. Consequently, people graduating maths were earning more than their counterparts 5,000 dollars in the last years.