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The vocational education & training (VET) sector in Australia
continues to churn out excellent outcomes for its students and for the economy.
Despite the positive outcomes for VET graduates, the perception about
the sector is that is it still the "poor cousin" of
universities. A recent
report from the Skilling Australia Foundation aims to prove that
is not the case.
Myth: VET graduates earn low wages
Many Australians believe that by choosing VET over university they
will make less money. Almost one in three believe that the wage gap
between a VET graduate and university graduate is over $20,000.
In reality, according to the study, the wages between the two are
comparable and can even exceed that of a university graduate. 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.
Myth: VET graduates cannot get a job
Nearly 30% of Australians believe to get a full-time career you need
a university degree. This is untrue as more than 78% of VET graduates
are employed after completing training. The graduate employment rate
of VET students who train as part of a trade apprenticeship is as high
Myth: VET is not for Australia's future
59% of Australians agreed that in a globally competitive world we
need more university education than VET.
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.
You can learn more about the study and the VET sector by downloading