Everyone has an interest in knowing how the vocational education and training (VET) system is contributing to economic, employment and social outcomes in Australia.
For students, there’s a substantial commitment of time and resources when you take on study. Meanwhile, industries across the country are reliant on the VET system to provide a flow of qualified skilled workers, and Australian Governments contribute around $4.5 billion each year supporting the system.
Jobs and Skills Australia’s new report, VET Students Outcomes – Top 100 Courses, released on 16 November 2023, tracks VET student outcomes for the top 100 courses (by completion) and demonstrates that completing a VET course has the potential to change lives for the better.
At the national level 82.7% of students were employed after completing VET training in the 2018-19 financial year, which was an increase of 12.4 percentage points.
For many students, the completion of a VET qualification has the transformative financial impact, with a median employee income uplift of more than $10,000 for graduates, representing a step towards financial security.
The report also highlighted that many students continued their journey of lifelong learning, with 15.7% of graduates undertaking further VET education or training in 2018-19 and 6.7% enrolled in higher education opportunities.
Developed in collaboration with the Australian Bureau of Statistics (ABS) and the ³Ô¹ÏÍøÕ¾ Centre for Vocational Education Research (NCVER), this innovative new data set (titled the VET ³Ô¹ÏÍøÕ¾ Data Asset or VNDA) will assist Jobs and Skills Australia to provide advice on the adequacy of the Australian VET system, unlocking new insights and analysis possibilities.
It draws from a detailed analysis of the employment, economic, social, and further study outcomes for VET students’ who completed a qualification in the 2018-19 financial year. Excitingly, VNDA will provide a consistent evidence base to measure sector outcomes, now and into the future.
