The proportion of graduates in full-time employment four months after finishing their degrees has plummeted over the past decade to 72.9 per cent last year from as high as 85.2 per cent in 2008.

However, employment prospects for those with undergraduate degrees have bounced back slightly from a low of 68.1 per cent in 2014 and 71.8 per cent in 2017, which has been attributed to the economy recovering from the effects of the global financial crisis, according to the 2018 Graduate Outcomes Survey.

Full-time employment rates for undergraduates have fallen to 72.9 per cent last year from as high as 85.2 per cent in 2008. Credit:Louise Kennerley

Not all degrees and universities are equal when it comes to graduate outcomes, with the highest full-time employment rates of 97.2 per cent and 94.9 per cent being experienced by pharmacy and medicine undergraduates respectively, according to the survey, which were released on Friday by the Australian Department of Education and Training.

The university with the highest full-time employment rates for undergraduates immediately after finishing their degrees is Charles Sturt University, with an employment rate of 87.5 per cent, followed by Charles Darwin University with 83.2 per cent and the University of Sydney with 81 per cent.