Key Insights Methodology - gradaustralia.com.au · Finance, Accounting, Economics & Business 22% ... What do students expect when they start their first job? 4% 36% 37% 13% 5%

Key Insights &

Methodology

2017/18 Student Survey

1

2

MethodologyHow was the survey conducted?

The GradAustralia Student Survey (a.k.a“Top 100 Survey”) is conducted annually to identify career expectations and attractive employers for Australian university students and recent graduates. In 2017, the survey was updated to collect new data on career and job search expectations.

In 2017, the Top 100 was compiled based on 16,000 votes from Australian students who took part in the survey. Responses are collected both online and in person. The online survey is distributed to students via student societies, careers services, email and social media campaigns. Paper survey responses are also collected at careers fairs and other student events on campus.

Every year the survey identifies the most attractive graduate employers in Australia. Students are asked to nominate the organisation/s that have the most appeal as a graduate employer - the question being deliberately open-ended to allow students to take into account whichever factors are most important to them when choosing an employer.

The Top 100 employer rankings are based on student votes alone and are independent of any commercial relationship with GradAustralia. GradAustralia conducts a separate survey for graduate satisfaction on the job, which is published online on the GradAustralia website. Job satisfaction data is not taken into account in the Top 100 employer rankings.

23%

30%

5%

37%

4%

1%

NSW

Overview Location of respondents

Level of study of respondents

63%

28%

9%

WA

SA

QLD

OTHER

VIC

Bachelors

Masters

Other postgrad

Survey Respondents

3

Students and recent graduates took part in the survey

Study discipline of respondents

Q - Which one of the following best describes the main subject that you are studying?

Finance, Accounting, Economics & Business 22%Engineering, Maths, IT & Computer Sciences 19%Health & Medical Sciences 18%Humanities, Arts & Social Sciences 14%Sciences 12%Teaching, education & human welfare 8%Law & Legal Studies 7%Property & Built Environment 2%

66%

34%

Male

Female

14.2%

46.8%

32.5%

6.5% 0.1%

High

Distinction

Distinction Credit Pass Fail

Gender split of respondents

Estimated or actual WAM

Approximately 40% of respondents come from a finance/ business or

STEM background

61% of respondents estimate that they will

graduate with a distinction or high distinction average

The survey was completed by more females than males, reflective of higher

female graduation rates

Work and pay expectations

4

What do students expect when they start their first job?

4%

36% 37%

13% 5% 6%

Less than

30 hours

30-40

hours

41-50

hours

51-60

hours

61-70

hours

More

than 70

Work hours expectations

Q - How many hours per week are you prepared to work in your first professional job after graduation?

The average student is willing to work 45 hours

per week in their first professional job after

graduation

Employer loyalty

Q - How many years do you intend to work in your first professional position?

Salary expectations

Q - How much do you expect to earn per year in this job?

17% 19% 23%

18% 23%

Less than

45k

45-55k 55-65k 65-75k 75k+

The average student expects to earn $63k

p.a. in their first professional job after

graduation

28%

46%

13% 13%

0-2 years 3-5 years 5-10 years more than 10

years

Nearly ¾ of students intend to spend less

than 5 years with their first employer

Job search expectations

5

How easily do students expect to find a graduate job?

Time to find a graduate job

Q - How many months after graduating do you think it will take to find your first professional job?

Over 60% of students expect to be still

searching for a job more than three months after

they graduate

Number of applications

Q - How many applications do you expect to make to get your first professional job?

16%

23%

33%

21%

7%

Immediate

offer

1-2

months

3-5

months

6-12

months

12 months

or more

On average, students expect to make 16

applications before they will be offered a

graduate job

28%

25%

19%

13%

15%

1 - 5

applic'ns

6 - 10

applic'ns

11 - 20

applic'ns

21 - 40

applic'ns

More than

40 applic'ns

Career priorities

6

Insights into the millennial career mindset

Diversity

It's important for me to join an employer that has a diverse workforce

78%

17% 4%

Agree No Opinion Disagree

Salary vs. Image

If the salary was right, I would work for a company with a bad image

15% 26%

59%


Fulfilment vs. Money

It's more important for me to feel fulfilled at work than to earn lots of money

73%

18% 8%


Sacrifices for career

After studying I will make sacrifices in my personal life in order to develop my career

61%

23% 16%


Course preparation

My course provides me with the skills necessary for the labour market

59%

27%

15%


Job expectations by discipline

7

Do work expectations differ by discipline?

Work hours expectations by discipline


42 43 44 46 46 47 48 49

Salary expectations by discipline

Q - How much do you expect to earn per year in this job? (AU$ ‘000)

58 61 61 62 63 65 66 69

How many years do you intend to work in your first professional position?

% of respondents who intend to remain with their first employer 5 years or more

16%19% 20% 20% 23% 24%

36%

45%

Law

Finance, Accounting, Economics & Business

Health and Medical Sciences

Humanities, Arts & Social Sciences

Property & Built Environment

Teaching, Education & Human Welfare

Engineering, Maths, IT & Computer Science

Sciences

Job search expectations by discipline

8

Do job search expectations differ by discipline?

Time to find a graduate job, by discipline

% who expect to have a graduate job immediately upon graduation

7% 7%

12% 13%

18% 21% 22% 22%

Number of applications, by discipline

Average number of job applications that respondents expect to make to get their first professional job offer

11

16 16 17 17 17 17 18

Law







Sciences

My course provides me with the skills necessary for the labour market

% of respondents who agree with statement

53% 54% 54% 57% 59% 59% 64% 67%

Career priorities by discipline (1 of 2)

9

Do career priorities differ by discipline?

It's important for me to join an employer that has a diverse workforce


75% 77% 77% 78% 79% 80% 81% 83%

If the salary was right, I would work for a company with a bad image


12% 13% 13% 16% 16% 17%

21% 22%

Law







Sciences

Career priorities by discipline (2 of 2)

10

Do career priorities differ by discipline?

It's more important for me to feel fulfilled at work than to earn lots of money


63% 71% 71%

77% 77% 79% 79% 80%

After studying I will make sacrifices in my personal life in order to develop my career


53% 57% 58% 59% 60%

65% 71% 71%

Law







Sciences

Women in STEM – job expectations

11

How do job expectations for women in STEM differ?

Average Hours Expectations


45

49

45

Women in

STEM

Men In STEM ALL other

NON STEM

Average Salary Expectations

Q - How much do you expect to earn per year in this job?

66

70

62

Women in

STEM


NON STEM

Expected Grades

% of respondents who expect to graduate with a Distinction or High Distinction grade average

64%

58%

61%

Women in

STEM


NON STEM

Time to find job

% who expect to have a graduate job immediately upon graduation

24% 20%

15%

Women in

STEM


NON STEM

Number of applications

Average number of job applications that respondents expect to make to get their first professional job offer

16.8 17.8

15.6

Women in

STEM


NON STEM

Time with first employer

% of respondents who intend to remain with their first employer 5 years or more

18%

25% 26%

Women in

STEM


NON STEM

Women in STEM – career priorities

12

How do career priorities for women in STEM differ?

Diversity

It's important for me to join an employer that has a diverse workforce - % who agree

85%

74%

79%

Women in

STEM


NON STEM

Salary vs. Image

If the salary was right, I would work for a company with a bad image - % who agree

9%

21%

15%

Women in

STEM


NON STEM

Job market preparation

My course provides me with the skills necessary for the labour market - % who agree

53% 53%

60%

Women in

STEM


NON STEM

Fulfilment vs. Money

It's more important for me to feel fulfilled at work than to earn lots of money - % who agree

74%

69%

74%

Women in

STEM


NON STEM

Sacrifices for career

After studying I will make sacrifices in my personal life in order to develop my career - % who agree

55%

58%

62%

Women in

STEM


NON STEM

Top 100 Graduate Employers

13

Which employers most appeal to students and graduates?

1 Google 51 Shell

2 Apple 52 Aldi

3 Deloitte 53 Reserve Bank of Australia (RBA)

4 CSIRO 54 Arup

5 PwC 55 AECOM

6 Department of Education 56 Atlassian

7 KPMG 57 Procter & Gamble

8 EY 58 Mars

9 Microsoft 59 Cisco

10 Department of Social Services 60 Optus

11 Qantas 61 Uber

12 Australian Secret Intelligence Service (ASIS) 62 Australia Post

13 Australian Defence Force 63 BAE Systems

14 Australian Security Intelligence Organisation (ASIO) 64 Bloomberg

15 Department of Foreign Affairs and Trade (DFAT) 65 GHD

16 Commonwealth Bank 66 Herbert Smith Freehills

17 Australian Bureau of Statistics (ABS) 67 Department of Health

18 Australian Federal Police (AFP) 68 King & Wood Mallesons

19 BHP Billiton 69 Lockheed Martin

20 L'Oreal 70 Minter Ellison

21 Department of Defence 71 Morgan Stanley

22 ANZ 72 Clayton Utz

23 Department of the Prime Minister and Cabinet (PMC) 73 BP

24 IBM 74 Chevron

25 J.P. Morgan 75 Bain & Company

26 Nestle 76 ANSTO

27 Accenture 77 Aurecon

28 Teach For Australia 78 Ashurst

29 Telstra 79 Citigroup

30 Boeing 80 ExxonMobil

31 Goldman Sachs 81 Corrs Chambers Westgarth

32 Macquarie Group 82 Schlumberger

33 Rio Tinto 83 Jacobs

34 Australian Taxation Office (ATO) 84 Resmed

35 NAB 85 Suncorp

36 Woolworths 86 BDO

37 Airbus 87 Honeywell

38 GlaxoSmithKline 88 UBS

39 Unilever 89 Gilbert & Tobin

40 Lendlease 90 Multiplex

41 Department of Agriculture 91 Credit Suisse

42 Westpac 92 DHL

43 Allens 93 Probuild

44 Coles 94 Glencore

45 Woodside 95 Downer Group

46 McKinsey & Company 96 Grant Thornton

47 Cochlear 97 ThoughtWorks

48 Boston Consulting Group 98 IMC Financial Markets

49 Bureau of Meteorology 99 Pitcher Partners

50 Coca-Cola Amatil 100 AMP

Documents

Key Insights Methodology - gradaustralia.com.au · Finance, Accounting, Economics & Business 22% ... What do students expect when they start their first job? 4% 36% 37% 13% 5%