New data from Analytico, a data and earnings analytic consultancy, shows how much a degree and specialist majors can impact the earning potential of starting salaries in four major fields of study.
Previous data from the group showed that a people who earned a matric certificate can expect to be paid almost double the salary of someone who has not completed high school.
Tertiary education is key according to Analytico’s data, with even a tertiary certificate resulting in a 67% jump in potential earnings – while a bachelor’s degree could see a 330% jump in earnings.
|Level of Education||Gross Income per month|
|No Schooling||R1 704|
|Some Primary School (Grade 1 – 7 incomplete)||R1 867|
|Completed Primary School (Grade 7)||R1 946|
|Some Secondary Education (Grade 8 – Grade 12 incomplete)||R2 660|
|Grade 12||R4 977|
|Grade 12 with Certificate||R8 326|
|Grade 12 with Diploma||R13 378|
|Bachelor’s degree||R21 527|
The group has published new data looking at the earning potential of specific majors across four fields of study.
Analytico’s data is based off a sample of over 93,600 university graduates, who supplied salary information and other insights.
It should be noted that the salary figures are not occupation-specific, but rather attempts to provide a broad picture of what graduates with a particular degree can expect to earn each month.
The infographics below show the earning potential of a grade 12 (matric certificate) versus a general bachelor’s degree and specific majors.
The data is ordered from lowest to highest earning potential.
Life sciences and physical sciences
Business and management sciences
Engineering and engineering technology