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Law among top earnings premiums for graduates

26 May 2016

The Ministry of Education has released information on graduate earnings which shows that the earnings premium for a bachelors degree in law five years after study is among the highest.

The earnings premium data covers graduates who are classified as employed and for whom working in New Zealand is their main activity in a year. It shows that health-related fields have the largest earnings premiums over the national median.

The narrow field with the highest earnings premium was medical studies (201% relative to the national median earnings), followed by radiography (102%), pharmacy (100%) and then dental studies (97%).

Law is fifth-highest, at 65%, along with banking, finance and related fields.

Earnings premiums for domestic graduates five years after study relative to national median earnings

Bachelors degree levelEarnings Premium
Medical studies201%
Radiography102%
Pharmacy100%
Dental studies97%
Law65%
Banking, Financial, Related Fields65%
Environmental Studies62%
Information Systems61%
Other Natural & Physical Sciences60%
Nursing60%
Economics & Econometrics60%
Accountancy59%
Electrical & Electronic Engineering59%
Computer Science58%
Physics & Astronomy56%
Mathematical Sciences51%
Business & Management50%
Earth Sciences50%
Agriculture49%
Sales & Marketing47%
Rehabilitation Therapies43%
Teacher Education41%
ALL BACHELORS40%
Political Science & Policy Studies40%
Curriculum & Education Studies39%
Other Health35%
Chemical Sciences34%
Architecture & Urban Environment33%
Human Welfare Studies & Services32%
Biological Sciences32%
Studies in Human Society32%
Behaviour Science32%
Tourism30%
Other Society & Culture29%
Communications & Media Studies27%
Language & Literature27%
Philosophy & Religious Studies25%
Sport & Recreation21%
Graphic & Design Studies17%
Performing Arts4%
Visual Arts & Crafts4%

 
Other information shows it takes law bachelors graduates four years for median earnings to reach a premium of more than 50% over the national median.

Years for domestic graduates to reach premium of over 50% over national median earnings

Narrow fieldYears
Medical studies1
Dental studies1
Radiography2
Pharmacy2
Law4
Banking, finance & related fields4
Information systems4
Nursing4
Computer science4
Agriculture4
Environmental studies5
Other natural & physical sciences5
Economics & econometrics5
Accountancy5
Electrical & electronic engineering & technology5
Physics & astronomy5
Mathematical sciences5
Business & management5
Earth sciences6
Sales & marketing6
Chemical sciences6
ALL BACHELORS7
Political science & policy studies7
Curriculum & education studies7
Teacher education8
Architecture & urban environment8
Biological sciences8

Last updated on the 26th May 2016