Is VET the Key to Future Proofing Australia’s Economy? Job Outcomes Higher with VET Qualifications than Degrees
The Skilling Australia Foundation (SAF) has published ‘Perceptions are not reality: myths, realities and the critical role of Vocational Education and Training in Australia’ that challenges common misconceptions about the VET sector in Australia. It is a new report that examines the value of Vocational Education and Training (VET) in today’s economy and the role it can play in preparing Australians for the future of employment.
“Australia’s Vocational Education and Training (VET) sector continues to deliver excellent results and outcomes for its students, industry and the economy at large. Yet, among the Australian public, perceptions surrounding Vocational Education continue to be widely out of step with the reality of the sector and its achievements,” explained Skilling Australia’s Chief Executive, Nicholas Wyman.
The report found that contrary to widespread beliefs:
- The median full-time income for a VET graduate is $56,000 versus $54,000 for someone with a bachelor degree.
- Nearly eight in 10 VET graduates have a job soon after training, compared to the seven in 10 university graduates.
- More than nine in 10 trade apprentices have jobs after finishing training.
- Nine of the top 10 occupations predicted to have the most job growth are in VET training areas.
Yet, according to the report, half of Australians think VET is no longer as relevant as university, and four in five parents would still prefer their children to go to university after leaving school rather than undertake Vocational Training.
“If we are to ensure that young people, parents and educators are aware of the breadth and depth of opportunities available through VET programs and pathways, it is clear we need to raise the profile of VET and build community awareness of the employment and career opportunities vocational training can facilitate,” said Nicholas Wyman.
The report is available to download on the Skilling Australia Fund website.
For more information, view the:
- media release from Assistant Minister for Vocational Education and Skills the Hon. Karen Andrews: Vocational education a viable future – report, 22 May 2017;
- Skilling Australia website; and
- report from the Fair Work Commission: Factors affecting apprenticeships and traineeship, 18 May 2017.
Taken from: https://www.velgtraining.com/knowledge/news/133