The Salary Prospects for Graduates in Australia and India

My friend recently completed his degree and joined an international logistics back office in India. The company is currently cost-cutting by establishing a team in India with a salary of 15,000 INR per month. All work is conducted through email and WhatsApp, making it a pretty comfortable role with no significant pressure.

Industry Salaries and Comparisons

The base salary one can expect with a degree varies widely. It's important to not accept less than 3.2 million INR per year, as you should stand your ground. According to the Indian salary market, a graduate fresh out of school can expect to earn between 2 to 3 lakh INR per annum (Rs. 16,000 to 24,000 per month) in non-premier colleges. However, with the right specializations, one can earn significantly more.

Specializations

A degree in 'commerce' is quite general and not specific to any one field. If your degree is more specifically like Human Resource Management, Marketing, Sales, Information Technology, Accounting, Finance, Supply Chain Management, Data Science, or Analytics, your salary prospects can be more definitive. However, without knowing more details, it's difficult to determine exact earnings.

Salary Prospects in Australia

When it comes to Australia, the degree offers a wide range of career options and potential salaries. Generally, graduates start in different roles such as accountancy, banking, and financial services. According to the Australian job market, an average starting salary for a graduate with a specialization in finance and accounting is around AUD 60,000 to 70,000 per year. This can increase with experience and additional qualifications.

Strategies for Success

To excel in the job market, it's crucial to understand the salary data of recent graduates from your institution. Career centers and placement offices can provide valuable insights and help you secure interviews for permanent positions. Additionally, specializations play a significant role in determining salary.

Conclusion

Whether you're in India or Australia, a degree opens up numerous career opportunities. As a graduate, it's important to take advantage of specializations and seek out higher paying roles within your preferred industry. Remember to leverage the resources available to you, such as career centers and placement offices, to ensure you find the right career path and salary.

If you're currently dealing with the graduate salary in India or Australia, take a proactive approach and stand your ground. Tailoring your education and experience can significantly impact your earning potential.