Melbourne is consistently ranked as one of the world’s most livable cities for a reason. Known for its vibrancy, culture and diversity, Melbourne is full of amazing cafes, art laden streetscapes and an eclectic blend of social hubs to enjoy.
Graduates and young professionals working in Melbourne can take advantage of a metropolitan transportation system that is second to none, with an extensive train, tram, bus and taxi network. Melbourne tram network is the largest in Australia and has of 250 km of track covering much of the city.
Another factor for young graduates considering a job in Melbourne might be real estate prices. Whilst expensive, Melbourne is still considered great value for money relative to Sydney. Unit affordability is expected to further improve with the average price dropping by 2% in the coming year.
Luckily for soon-to-be graduates, Melbourne also has a great mix of graduate jobs on offer. Being the second largest city in Australia, Melbourne has a diversified economy and a competitive job market, with opportunities spanning from research and education to finance and manufacturing.
The city of Melbourne has the second highest concentration of employers in Australia, second only to Sydney. According to the ABS, there are around 165,000 businesses with one or more employees operating in Melbourne; about 20% of all Australian businesses.
Melbourne is home to one in five of all employment opportunities and accounting for 19% of Australia's employment income. Out of all graduating students in Australia, 23% end up employed in Victoria. Being an important financial centre, some of the nation's largest and most influential companies are situated in Melbourne, with the likes of ANZ, NAB, Telstra and Glencore all calling Melbourne home. NAB & ANZ both take on a hefty number of graduates for a variety of roles each year. CSL, one of the world's top five biotech companies, and Sigma Pharmaceuticals (the largest pharmaceutical company in Australia) are based in Melbourne and compete for the brightest pharmacy graduates in the nation.