It is mid year and most matriculants are preparing for their Pre lim Exams and University / College students are in their 2nd Semester. Excited to apply for varsity, student’s ready to graduate and get into their specialized career field.
It is said that “education is the key to success”. Giraffe has published a report focusing on salaries in South Africa, showing how the level of education influences how much a person is likely to get paid.
The report is based on more than 131,000 Giraffe job applicants who registered since June 2018, with 64% of the applicants being female and 36% male. The applicants were between 18 to 35 years of age (87%), while a combined 21% said that they had a diploma or university degree.
Giraffe’s data shows that education is a major influencer of likely salary growth, with a wide gap growing between employees with a degree/diploma versus those without. Employees with tertiary qualifications (NQF Level 6 or 7 equivalent) are said to earn an average 72% more than colleagues without these qualifications.
The report shows that senior employees (age 36+) with a degree/diploma in IT and tech, construction, legal and HR are typically the best paid in the country.
However, the data also shows that a diploma/degree only makes a difference in certain jobs. There is only 18% difference in salary between call centre agents with degree/diploma and those without tertiary qualifications.
Industries with the highest growth trajectory for both individuals with and without degrees are:
- IT/ Tech/ Telecoms;
- HR and Legal;
- Advertising & marketing;
- Government / non-profit.
For those without a degree/diploma, the IT and technology, banking, accounting and finance sectors are said to offer the best salaries.
Read more: Business Tech