Postgraduate education is becoming critical for domestic Australians to remain competitive in the labour market, pay down their HELP debts and save for a home. The 2023 Graduate Outcomes Survey demonstrated that 90.3% of recent domestic postgraduate coursework graduates are in full-time employment, with a median salary of $97,000, compared with just 79% of domestic undergraduate graduates with a median salary of $71,000. Yet as the number of domestic postgraduate Commonwealth Supported Places (CSPs) for domestic Australians does not meet demand, many Australians in postgraduate degrees paying full-fees, requiring them to work to afford postgraduate study.
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