Job prospects for Australian university graduates are declining, with a new study showing fewer and fewer people are finding full-time employment after completing higher education.
The research by National Institute of Labour Studies at Flinders University shows that between 2008 and 2014, the proportion of new university graduates in full-time employment dropped from 56.4 per cent to 41.7 per cent.
Adjunct Professor Tom Karmel said students yet to complete their studies would struggle to find work as the number of available jobs shrunk against a glut of university graduates.
“That’s not to say they won’t get a job, but people do have to start thinking about the return that they get on their degrees.”
Swinburne University student Charlotte Henderson knows the score:
“It’s pretty likely that I’ll be studying or searching for work for the rest of my life.”
Universities are adjusting to the oversupply problem by increasing student intake – there is no such thing as too much education.