The cost of an undergraduate degree shouldn't the the only thing young Australians take into consideration when choosing a course, some degrees offer far more employment potential than others.
According to a new Grattan Institute report, many recent science and information technology graduates are failing to find full-time work.
The report shows that in 2015, only half of bachelor degree science graduates seeking full-time work had succeeded within four months of completing their degrees - 17% below the average for all graduates.
Among recent science graduates who found full-time jobs, only half say their qualification is required or important for their job – about 20 percentage points below the average.
Although job outcomes improve over time, science bachelor degree graduates are less likely than other science, technology, engineering and mathematics (STEM) graduates to work in high-skill managerial or professional jobs.
But yet, despite the disappointing outcomes, demand for science courses continues to grow.
Prospective students thinking about studying science need to know that a bachelor science degree is high risk for finding a job.
Often students need to do another degree to improve their employment prospects,’ Grattan Institute higher education program director Andrew Norton said.
While there are many more potential jobs in IT than science, a third of recent IT graduates cannot find full-time work.
IT students are less satisfied with their skills development, and are more likely to leave their courses without finishing, than are other students.
IT industry and professional bodies suggest that university IT courses need improving.
Engineering graduates have better employment prospects than science or IT graduates.
Three-quarters of new engineering graduates have full-time work, and have the highest rate of professional or managerial employment of all STEM graduates.