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Statistics on starting salaries

Posted By Chris Reay, Monday, 24 April 2017

New data from Analytico, a data and earnings consultancy, shows that engineering and information technology graduates can expect much higher salaries than other major fields.

Analytico’s data is based on a sample of 93 658 university graduates who supplied salary information and other insights.

According to Analytico, people with a matric certificate can expect to be paid almost double the salary of someone who has not completed high school.

The research further showed that a tertiary qualification will significantly increase earning potential.

According to the report:

  • Someone with a grade 12 can expect to earn R4,977 in their first job.
  • Someone with a bachelor’s degree increases their starting salary to R8,270.

All bachelor’s degrees are not equal, however, with a big salary difference apparent in different fields of study.

The average starting salary for a person with an engineering or IT degree is R19 180, far higher than social sciences at R6 612 and life sciences at R7 412.

Occupation-specific

It should be noted that the salary figures are not occupation-specific, and attempt to provide a picture of what graduates with a particular degree can expect to earn each month.

This bears out the experience we are getting in the engineering and technical recruitment industry although the demand across the profession is significantly down from 2015 through reduction in corporate activity and retrenchments.

 Pockets of “green shoots” are emerging slowly from the ashes, and clients who are growing again are generally able to seek out their previous employees as projects emerge.

Unfortunately, industry now faces a further threat with the downgrading of our credit rating which will impact on investment, interest rates and inflation. There seems to be little indication of the NDP happening in any concerted form, and we have a lot of resources available on the market to undertake the type of work associated with infrastructure development.

The potential for engineering graduates remains huge internationally and confirms the desire for the degree after high school.

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