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Graduate teachers secure huge pay rises

Friday, 10 September 2010

Posted by Mozo

New teachers in Australia have received some of the biggest pay rises in the advanced world compared to their counterparts overseas, new research shows.

A report by the OECD group of industrialised nations found that new primary school teachers in Australia gained the second-largest pay rise in the OECD between 1996 and 2008, with salaries rising 28 per cent, the Australian reported.

In addition, a 29 per cent rise was recorded in the starting pay for Australian high school teachers – the fifth-highest increase for lower-secondary teachers and the third highest for teachers of Year 11 and 12 students in the OECD.

As the Australian newspaper observed, such results correlate with attempts by Australian governments to make the teaching profession more attractive to university graduates by raising wages in recent years.

Such news may interest young Australians looking to compare student finances against future career options. Andrew Norton, a research fellow with the Centre for Independent Studies, recently claimed that increasing student contributions could be a viable solution to the problem of higher university funding costs – particularly after the Australian Bureau of Statistics found that on average, Australian graduates have continually gotten a good return on their investment in higher education, regardless of fee hikes over the years.

This article is brought to you by Mozo – Helping you compare student finances
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