www.awpa.gov.au

L i fe l o n g l e a r n i n g Robin ShreeveCEO Australian Workforce and Productivity Agency

25 March 2014

G l o b a l s u p p l y c h a i n s

Example of a global value chain—manufacture and assembly of a Boeing 787 Dreamliner

Source: Department of Foreign Affairs and Trade 2013, Trade at a glance 2013, pp 24–25.

Higher qualifications = higher rate of return

Earnings, employed persons 15-64 by level of qualification, Australia 2009

A v e r a g e s t a r t i n g g r a d u a t e s a l a r i e s b y d e g r e e s u b j e c t

Australia United Kingdom

Degree Subject Average Graduate Starting Salary   Degree Subject Average Graduate

Starting Salary

Dentistry $80,000   Dentistry £30,143

Optometry $79,000   Medicine £29,146

Earth Sciences $73,000   Chemical Engineering £27,151

Engineering $63,000   Vetinary £25,807

Medicine $60,000   Economics £25,673

Education $56,000   Engineering £24,937

Computer Science $52,500   Computer and Science £21,712

Agricultural Science $50,000   Accounting and Finance £21,551

Accounting $49,000   Geology £21,182

Economics, Business $48,000   Business Studies £21,007

Architechure & Building $48,000   Hospitality £17,664

Social Sciences $47,000   Drama £17,446

Humanities $45,000   Art and Design £17,300

Art & Design $40,000   Music Studies £16,925

Source: Graduate Careers: Graduate salaries 2012, A report on the earnings of new Australian graduates in the first full-time employment & Graduates.co.uk: The Graduate Recruitment Bureau.

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