PayScale is a U.S. site which offers detailed information on salary, benefits and information related to compensation from various countries and cities around the world.
According to their website, PayScale helps employers and their employees understand what they should be paying and earning respectively.
How does PayScale get their data? According their site, PayScale "administers the largest real-time salary survey in the world." They have more than 150 000 new survey records added every month. They also have a database of more than 54 million salary profiles which is "updated nightly to reflect the most detailed, up-to-date compensation information available". Depending on the new surveys filled out, the data may change.
Both employees and employers are encouraged to complete the surveys specifically designed for them to help give the most accurate results possible.
The data PayScale receives helps give statistics on how much people earn based on the universities they studied at and which degrees they completed including other demographics.
We created an infographic to illustrate how much university alumni currently earn as an indication of where you could stand a better chance of earning a great salary after graduating.
At the time of publishing this article, the data showed that the University of Witwatersrand came out tops, Stellenbosch University came in second and the University of Cape Town ranked third.
We also found out what the current average earnings are (at the time of publishing) across universities based on the Bachelor's degree you pursue.
Bachelor of Accounting and Bachelor of Commerce degrees seemed to facilitate the highest average earnings per annum across most universities and a Bachelor of Engineering appeared once as the highest average salary per annum. For more, see below: