Helping students develop the employability skills and professional capabilities they will need to transition into graduate roles is one of the most important mandates for university study. With this context in mind, this paper analyses the nature and implications of Australian university students' participation in paid work during study. The paper looks at the incidence with which students participate in paid work, and follows this with an analysis of the influence such participation has on academic engagement and outcomes. There are disjuncts, the data shows, between student activity and the support received from institutions. It is suggested that institutions need to embrace students' off-campus paid work. The findings shed light on practices that institutions can use to support students' participation and outcomes.