The labor market outcomes of the graduates with engineering majors (81.4% employment rate and average monthly wage of 2.253 million won) were second most favorable after those with medical majors, but the students with natural science majors (73.8%, 1.794 million won) were much lower in employment rate and wage compared to those with engineering majors.
Among engineering majors, mechanical engineering, and electronics and electrical engineering majors performed well in terms of employment, while employment outcomes were poor across all majors in natural sciences compared to their engineering counterparts; particularly weak in employment performances were construction and civil engineering majors in the engineering field, and biology major in natural sciences.
The employment rate was higher in 2011 compared to that of 2008, but the quality of employment (ratios of permanent jobs, decent jobs and downgraded employment) have deteriorated, giving rise to the need for policy efforts towards realizing fairness in the labor market and creating quality jobs.
The poor employment outcomes among graduates of natural sciences are attributed to the relatively low level of national competitiveness of the field and over-supply of manpower, making it important to increase financial assistance for natural sciences, and to carry out a reasonable level of restructuring.