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Students who achieve a high ATAR score will earn up to $33,000 more than their peers by the time they reach their 30s, new research has revealed.
The findings, unveiled during the week when year 12 students receive their ATAR scores, indicate a strong correlation between the attained ATAR level and income levels by the age of 30.
‘Individuals with higher ATAR are more likely to earn higher income,’ said Silvia Griselda from e61 Institute, one of the authors of a new study said.
The e61 paper ‘What’s in an ATAR? How can university admission scores predict future income?’ used data from the Australian Bureau of Statistics that draws a link between income levels from tax returns and ATAR scores.
At the age of 30, individuals with an ATAR below 70 have a median annual income of approximately $70,000 in 2022 dollars.
Those with an ATAR between 70 and 80 earn slightly above $75,000.
A score within the 80-90 range correlates with a median salary just surpassing $80,000.
For ATARs falling between 90 and 95, the median salary increases to nearly $90,000, while scores in the 95-98 range leads to a median salary of almost $95,000. ATARs exceeding 98 are linked to a median salary close to $105,000.
In comparison, 30-year-old workers without a degree earn a median salary of just under $60,000 a year.
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Those who opted not to attend university and go straight into the workforce experience an initial increase in income. However, these advantages diminish by the age of 25.
The study also found that mature-aged students who went to university without an ATAR earn less than those who enter university with an ATAR after high school.
Another reason why people with high ATARS are expected to earn more is because they work more hours, the research suggested.
They may also have gained connections and networks through parents and schools.
It come as 67,234 former Year 12 students received their HSC marks via text at 6am on Thursday morning, with ATAR results to follow at 9am.
Top band results, those who received a band six or E4, will be released at midday.
Year 12 applications through the University Admissions Centre are currently at the lowest level in a decade as fewer school leavers pursue a degree.
Students who achieve a high ATAR score will earn up to $33,000 more than their peers by the time they reach their 30s, new research has revealed (pictured, teens celebrate Schoolies)
Analysis by the e61 Institute found those who got an ATAR score over 98 will earn a median salary of $33,000 more by age 30 than those with a score below 70
