ATAR Notes: Forum
Uni Stuff => General University Discussion and Queries => Topic started by: psychlaw on June 14, 2008, 12:51:47 am
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Just out of interest, which university courses give the best wages.....
What do you earn the most money in
Graduate year and average working years
cheers
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Firstly, if you do stand-alone BA do not expect to get a job in the first place let alone worry about wages.
Now let's turn to the other professions
The closed-shop health sciences:
Medicine
Optometry
Dentistry
etc.
Very very low risk
Very high expected returns
Potential risk: government deregulation
Law
Commercial Law,
Private equity, M&A
etc.
Highly conservative work place
Medium risk
High return
Known to be highly stressful
Actuarial Science
High return
Low risk
Very few admitted per year,
Highly quantitative
Good work/life balance
[b][i]Investment Banking [/i][/b]
Very very high returns
High risk
working 80-120hrs per week
Also very stressful, "more stressful than serving iraq"
highly cyclical work
highly selective but less so than actuarial science
Accounting
relatively large cohorts taken in every year),
Medium return
medium risk
can use as springboard into other professions like Investment Banking
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wow thanks a lot man
Hmm lets see
Medicine / DENTISTRY .... hopefully I can get in
I'm enjoying legal studies at the moment so I reckon Law would be a pretty good option for money :D However, there are so many lawyers graduating ATM (five victoria universities offer law)
I think I can get into Monash (full fee - needs 94)
All the others others
Actuarial = The maths would be much beyond my level of intelligence
Investmant Banking = Sounds uninteresting and I doubt I would suceed in this area
Accounting = Also doesn't interest me
:D thanks again brendan
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aww what about science type jobs...?
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Where do the Engineering disciplines rank in that list, Brendan?
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Actuarial FTW. However IBers get like $4895437895438095 every year :P
Very few admitted per year
Awww :(
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Where do the Engineering disciplines rank in that list, Brendan?
I can't find the article now, but there was one in The Age that claimed that engineering graduates were the best paid of any profession in Australia nowadays.
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Where do the Engineering disciplines rank in that list, Brendan?
I can't find the article now, but there was one in The Age that claimed that engineering graduates were the best paid of any profession in Australia nowadays.
That probably would have been first year salaries.
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uhm, how about jobs relating to the resources boom, especially in WA and QLD. They must get hiiiiigh pay.
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Stuff uni and get down in the mines for a couple of years up north if you want cash
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Where do the Engineering disciplines rank in that list, Brendan?
lol i'm not sure i never quite researched engineering.
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aww what about science type jobs...?
There's posters around monash with first year salaries. I saw one in the maths building
For some reason that rock one (geology)? wins.
I'll try to find it
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I'm enjoying legal studies at the moment so I reckon Law would be a pretty good option for money :D
It's good but a lot, if not all law firms operate on the "up or out" model.
Either you get promoted or you fired. There is no in between.
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Actually come to think of it, the clearly-in ENTER scores of respective courses are a pretty good ranking tool of the present value of the total lifetime expected earnings of certain professions
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uhm, how about jobs relating to the resources boom, especially in WA and QLD. They must get hiiiiigh pay.
http://www.careerone.com.au/jobs/job-search/job-market-insider/Grad-Salary-News
"Some grads entering the booming resources sector in Western Australia and Queensland are scoring starting salaries of $100,000 plus."
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Actually come to think of it, the clearly-in ENTER scores of respective courses are a pretty good ranking tool of the present value of the total lifetime expected earnings of certain professions
Really? What about Bsc, which is like 80 at Umelb?
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Yeah, personally I reckon I'll be looking to something creative [most likely writing], sporting, musical, opportunistic or a mixture of these to bring home the bacon. Although it's still possible I'll do something resulting from Arts. What would be good would be to do a mixture of all the above
ninwa, if you're reading: curiously how come you're not doing music? Do you hope to become a musician at a later date? Because if *you* would like to do music but don't think you could, well, that would serve as a big reality check for me and my aforementioned ambitions
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Firstly I'm not even half as good as people on this site seem to think!!
Lots of reasons ...
- parents refuse to let me "throw away" my ENTER for a course that doesn't even have a required ENTER
- I hate music theory, I almost failed grade 6 theory, I don't think I want to know how badly uni-level theory will kill me :P even the bachelor of music performance has theory ugh ><
- I wanted to do arts as well so I could keep going with my languages but UoM doesn't offer double degrees, therefore no arts/music, and my piano teacher would kill me with his bare hands if I dared to do music at Monash :P (he works at VCA and UoM as a lecturer)
- It's way too competitive and knowing how lazy I am there's no way in hell I would practice nearly enough match up to the standard required of music students
- I can't afford to be a musician haha (my last competition cost $150 in entry fees and almost $1000 in travel costs)
I do still keep up with it on the side but have pretty much given up on actually being able to make a living purely as a muso :P
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Are you sure all courses require theory? I know a few people in England doing music, and the courses range from very thoeretical [Oxford has you studying 13th century manuscripts] to almost entirely practical
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lol at 13th century manuscripts!
I'm pretty sure all the courses would have theory in some form or another ... I'd just rather stick completely to performing and I don't really see a difference between doing getting a degree in it and just continuing lessons with my teacher and performing in public etc
are you going to do / doing music?
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haven't been into it for a long time, not sure what I most want to do within it
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Actually come to think of it, the clearly-in ENTER scores of respective courses are a pretty good ranking tool of the present value of the total lifetime expected earnings of certain professions
Really? What about Bsc, which is like 80 at Umelb?
I don't think Science graduates consistently get good wages. The expected earnings means that while some Science graduates may be stars, on average, they may not be.
I think for the 'average person,' using the clearly-in scores is a great way to assess the value of a course. Individuals have different advantages, values and preferences, so as a non-average person you can try to account for those differences, while using the clearly-in as a decent ranking of the NPV of taking a course.
I'd like to know how much this applies to Engineering.
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What's the point in characterizing the "average" person?
Do you have a clear idea of how many people would put $$ over interest or vice-versa?
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http://www.charteredaccountants.com.au/charter/charter_archive/february_2007/cover_story
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howcome i see no mention of I.T?
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sorry to be immature, but ...
if I was doing somebody else
*sniggers immaturely*
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sorry to be immature, but ...
if I was doing somebody else
*sniggers immaturely*
lol nina
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if I was doing somebody else
HAHAHAHAHAHAHA
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sorry to be immature, but ...
if I was doing somebody else
LOL *facepalms @myself*
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I was wondering, if you were a recent graduate really good in your field, would you be able to, through bargaining, get a job paying significantly more than the standard for that course?
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I was wondering, if you were a recent graduate really good in your field, would you be able to, through bargaining, get a job paying significantly more than the standard for that course?
Yes, it is not unheard of. Though i would suspect, that it might require some contacts. Even if you did start off with the same salary as everyone else, if you are good at what you do, you will get promoted very quickly.
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Yes, but it was an exaggeration - he said so himself.
Why aren't the Engineering and Science students swamping Brendan for not even mentioning their jobs at all? Perhaps we can infer something offensive from this as well.
Why isn't there an "Engineering and Science criticism" thread?
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To be honest, I kinda wish there was one because I feel left out :P
I mean, I should be doing med, or at the very least engineering. Why o why would I choose to waste my enter on a course that needs 75 is beyond me.
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To be honest, I kinda wish there was one because I feel left out :P
I mean, I should be doing med, or at the very least engineering. Why o why would I choose to waste my enter on a course that needs 75 is beyond me.
My teacher says we need more people like you doing science and getting into research instead of doing med
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Why o why would I choose to waste my enter on a course that needs 75 is beyond me.
It's only "wasting" if you used your ENTER to get into something you didn't enjoy.
Plus doesn't the science scholars program need a really high ENTER?
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To be honest, I kinda wish there was one because I feel left out :P
I mean, I should be doing med, or at the very least engineering. Why o why would I choose to waste my enter on a course that needs 75 is beyond me.
My teacher says we need more people like you doing science and getting into research instead of doing med
Yeh in terms of the most 'rewarding' career, I think you probably made the right decision about doing science ( my bro tells me about the special science kids who get their own Wii and own room and shit haha- hes jealous)
But I guess it depends on what you consider 'rewarding'
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Why o why would I choose to waste my enter on a course that needs 75 is beyond me.
It's only "wasting" if you used your ENTER to get into something you didn't enjoy.
Plus doesn't the science scholars program need a really high ENTER?
I know it's not a waste :)
And yeah, last year it needed 99.50 but we have the exact same units to pick from as normal people (except of course, 100x more flexibility and being able to get away with only ever doing four 1st year units :P)
And I havent been to that room yet because I'm too scared but thats a different story 8) Atm I am happy with having friends and going to airport lounge
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howcome i see no mention of I.T?
In my course at least, I know that there was a 100% employment rate for all graduates after 4 months who applied for any graduate position (most received multiple offers) last year.
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Starting salaries by university major from the Wall Street Journal
http://bp1.blogger.com/_SOiJkPys9v8/R_triAF4C0I/AAAAAAAABHI/ThEIxA6pAA8/s1600-h/PJ-AM131_JOBHUN_20080407182414.gif
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Starting salaries by university major from the Wall Street Journal
http://bp1.blogger.com/_SOiJkPys9v8/R_triAF4C0I/AAAAAAAABHI/ThEIxA6pAA8/s1600-h/PJ-AM131_JOBHUN_20080407182414.gif
Eng ftw....
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Median starting salaries for bachelor degree graduates aged less than 25 and in first full-time employment, 2007. Source: http://www.graduatecareers.com.au/content/view/full/24
$68,000 Dentistry
$56,500 Optometry
$51,000 Medicine
$50,000 Earth Sciences
$50,000 Engineering
$46,000 Education
$46,000 Mathematics
$45,000 Law
$44,000 Social Work
$43,200 Computer Science
$43,000 Paramedical Studies
$42,900 Physical Sciences
$42,000 Psychology
$41,000 Biological Sciences
$40,000 Accounting
$40,000 Agricultural Science
$40,000 Architecture & Building
$40,000 Economics, Business
$40,000 Veterinary Science
$39,400 Social Sciences
$38,000 Humanities
$35,000 Art & Design
$34,000 Pharmacy (pre-reg)