Austria has recorded a high university graduates employability rate, with only two per cent of graduates remaining unemployed two years after completing higher education. That’s according to the latest update of the Graduate Tracking (ATRACK), a joint project of Statistics Austria and a consortium of the country’s higher education institutions led by the University of Vienna. This makes Austria a choice destination for individuals looking for opportunities after study. we are here to guide you through the process click the link to get started https://bea-world.com/apply-now/
Commenting on graduate employability, Statistics Austria Director General Tobias Thomas said there are excellent job market opportunities for those graduating from higher education institutions in Austria.
He said the degree earned from these institutions also pays off financially because three years after obtaining a university diploma, the average gross monthly salary is about €3,400.
“Three years after graduation, the average gross monthly salary is around 3,400 euros per month, five years later it is €3,800, and ten years after graduation graduates earn an average of €4,600, although the salary varies according to the course of study and academic degree”, Thomas said.
According to a media release by Statistics Austria, salaries also depend on the education level; for instance, those holding bachelor’s degrees earn a median income of about €3,000 monthly three years after obtaining the degree, and those with a master’s diploma earn about €3,600. On the other hand, PhD graduates or doctorates earn €4,400. Whilst 45 per cent of students get hired at graduation, 81 per cent are employed one year after completing their degrees, and the figure goes up to 82 per cent after two years.
But in the long run, a slight decline in the number of employed graduates has been observed, partly attributed to more female graduates taking maternity leave.
Overall, EU Member States have recorded a significant increase in university graduates but also in the number of unemployed youngsters, which jumped 11 per cent in 2021.
Last year, the European Office for Statistics, Eurostat, said there were about 3.9 million graduates across the EU in 2019.