Employers are increasingly paying more for staff with a higher degree, according to the annual survey of Graduate Careers Australia.
Having a higher degree gets you on average 5.3% more than it did last year, compared to a 2.6% rise across the board for Australians.
The overall median salary for all postgraduates in 2013 was $79,000, a rise of $4,000 from 2012.
A postgraduate diploma/certificate was worth $72,000 a year, up $2,000 from 2012, a coursework masters $80,000 (up $1,000) and a research masters/PhD was $80,000 (up $4,000).
The highest paying masters degrees are for those associated with mining engineering at $150,000, dentistry $150,000, aeronautical engineering $100,000 and ¬≠business $100,000.
Most (82.7%) postgraduates have a job four months after finishing their degree.
However, 7.5% of postgraduates available for full-time employment were still seeking a job compared to 6.3% the year before.
Here’s the pay for having a postgraduate degree:
The Postgraduate Destinations 2013 report is based on survey responses from almost 139,000 higher education graduates.
The Australian Financial Review has an interactive chart HERE.
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