The world’s fastest growing tech sector is also the most expensive to graduate from.
The graduates of Australia’s top engineering schools are now the most likely to be unemployed and out of work by 2031, according to new research.
Computer science graduates are expected to spend an average of 18 years in the job market.
This compares with 19.4 years for all other types of engineering graduates, and a staggering 22.7 years for engineers with a doctorate degree.
It comes as the University of Sydney released a survey showing that only 28 per cent of engineering students were employed.
“There is a strong expectation that engineering graduates will remain unemployed in the future, especially given the continuing growth in the technology industry,” the university said in a statement.
According to the latest figures from the Australian Bureau of Statistics, the unemployment rate for graduates of engineering was 15.3 per cent, a level that had been significantly higher than the national average of 12.1 per cent.
This is despite the fact that about half of graduates in engineering do not enter a job or job placement in the industry, according the Australian Council of Engineering.
The data comes after the Australian Institute of Technology (AIT) released a report showing that fewer than half of engineering applicants from overseas would be able to find a job after graduation.
AIT chief executive, Professor David E. Blaxland, said the numbers should worry the public.
There’s a huge demand for engineers in Australia, but the supply of graduates is a huge problem, he said.
He said there was a growing perception that it was easier to find engineering graduates in countries with high labour costs than in countries that were lower on labour costs.
But Professor Blaxlands report also found that the quality of graduates’ education varied by the type of school they attended.
His research also found there was an increased demand for engineering graduates with a PhD, even though the average number of graduates with the degree was just over 40.
Mr Blaxlts report found the proportion of engineering jobs going to graduates with more than a BA degree was still lower than in most other engineering industries.
However, the report found that graduates with PhDs in science and engineering were more likely to find employment.
Professor Blaxls report also showed that graduates of higher education in science, technology and engineering also tended to be more highly skilled than those with less.
Among the top 20 engineering schools, the University, Queensland State University and the University at Albany were ranked as the top five most highly skilled universities.
Universities are often considered the best place to work because of their strong reputation for offering competitive pay, benefits and a safe working environment.
They are also known for the breadth of courses offered and their ability to provide opportunities for new graduates to pursue a career in the sector.
Despite this, the proportion who have graduated with a BA or PhD has remained relatively stable, although it has increased slightly from 20.9 per cent in 2011 to 21.5 per cent now.
University of Sydney principal, Dr Robert Pertwee, said it was an “exceptional” achievement.
Dr Pertwelle said the number of engineering and computer science graduates in Australia had increased significantly over the past 20 years.
“(But) the number is still relatively small compared to the number who are going to university,” he said, referring to the average of engineering schools in Australia of around 150 graduates.
For most of the past decade, there has been a huge growth in engineering graduates being admitted to the Australian workforce.
In the last five years, there have been about 600,000 engineering and computing graduates entering the workforce.
This is up from around 200,000 in 2008.
Over the same period, the number and proportion of Australian engineering graduates has grown by more than 50 per cent from the 2007-09 to 2015-16 academic year.
What’s more, a study by the University and Engineering Council of Australia (UECA) shows that there has also been a rise in the proportion with PhD degrees from just over 20 per cent to 30 per cent since 2007-08.
Prof Blaxley said the increasing demand for graduates was the result of a number of factors.
One of those was the increasing use of data-driven solutions by employers, and the increased use of artificial intelligence (AI) tools to analyse data and improve management, he explained.
Another factor was the fact students who were attracted to engineering were often motivated by the prospect of working for the organisation they studied for.
Finally, there was the growing need for engineers to be in their field of study for a long period of time, he added.
While there was no single reason for the higher demand for students, he pointed out that the industry was also experiencing an influx of graduates who were already employed.
“There’s definitely a big focus on being competitive with companies looking for highly skilled people and the demand