Recruitment and job search site, Seek, has released a report revealing the biggest gains and falls in salaries across a range of careers – and STEM jobs have taken out 3 of the top 20 spots.
Between the 2011/12 and 2018/19 financial years, jobs in Mathematics, Statistics & Information Sciences saw their average annual full-time salaries increase by a whopping 44% to $118,937. That was the second biggest jump on the list (after jobs in superannuation) but also the highest average salary on the list. In other words, stick with maths – data science careers are hot right now.
At number six on the list of were Biotechnology and Genetics roles – with an average salary of $92,466, up a healthy 35% in six years. Software engineering also made the top 20 list, with a 26% salary increase, coming out at $116,547.
Mining boom tapers off
On the other end of the spectrum, mining dominated the list of 20 jobs that saw the biggest fall in salaries – including several STEM-related roles such engineering and geoscience. However, as the Seek report points out, these roles started out with lofty heights – among some of the highest paids jobs available – so the drops are regarded as more of a “correction” than a fall.
For example, the biggest STEM salary drop was Materials Handling Engineering, which came out at an average salary of $103,453 – not too shabby, but still down 17% compared to six years ago.
Mechanical Engineering was down 16% to $97,633 and Process Engineering down 14% to $109,532.
Author: Gemma Chilton
Gemma has a degree in journalism from the University of Technology, Sydney and spent a semester studying environmental journalism in Denmark. She has been writing about science and engineering for over a decade.