One of the most defining characteristics of education and training across Australia is our brilliant diversity. Students have incredible choice in training delivery models, courses options, pathways development and providers.
After lots of number crunching McCrindle Research and Skilling Australia Foundation have just released some really interesting work. What they found was that among the Australian public, perceptions surrounding vocational education continue to be widely out of step with the reality of the sector and its achievements. These results might just help you out as you compare the market.
Let’s look at the big 3 questions most students tackle in making a training decision:
1. What are the job outcomes likely to be?
VET graduates have a higher employment rate than undergraduates. More than 78% of VET graduates are employed after training compared to 69% of bachelor degree students.
2. What salary range can I expect?
VET graduates earn wages comparable to, if not exceeding, that of university graduates. The median full-time income for a VET graduate is $56,000. The median graduate salary for students completing a Bachelor’s degree is $54,000.
3. Is this a job that is going to be in demand?
VET courses have adapted more readily to changing workforce needs. According to the Commonwealth Government Department of Employment, the VET sector currently provides training courses for 9 out of 10 occupations predicted to have the greatest growth of new jobs over the next five years. This shows that VET is more relevant than ever when it comes to preparing Australia to be more globally competitive.
It’s really interesting stuff. Go here to download the Full Report.