The University College building at the University of Toronto. Government budget cuts and the race to attract more students are changing the function and purpose of Canadian universities.
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Rates of full-time employment and pay relative to other workers have fallen for the latest generation of new workers. Yet the HILDA Survey shows their reported job satisfaction has risen.
Most of the universities whose graduates earn more after nine years in the workforce are in NSW and ACT. That suggests it’s more about where the best-paid jobs are than the universities themselves.
More and more Australians are gaining university degrees. And increasingly that means a degree does not guarantee a job, although it did appear to offer some protection against COVID job losses.
Doubling the cost of degrees in the humanities and social sciences has a disproportionate impact on women because they account for two-thirds of the students.
Some people are more employable than others.
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Having a good degree is not always enough to succeed.
The surveyors start out with almost 100,000 graduate contacts, of whom less than 10% provide their supervisor’s details and of those supervisors, less than half participate in the survey.
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An administrative link between a graduate’s education and taxation records already exists, and it could be used to give us more accurate and detailed longitudinal analyses of graduate outcomes.
Companies relaxing degree requirements raises new questions about the value of a university education.
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There are already signs of this happening in Australia, but research from overseas reveals few benefits.
Vocational education plays a role in providing opportunities for low-achieving school students to engage further in study and get a job.
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Economic models suggest that South Africa’s GDP would fall, inequality would deepen and unemployment would rise if university graduates don’t enter the labour market in 2017.
In 2015, one in five Australians aged between 16 and 24 spent at least a year out of employment, education or training.
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Working life is becoming more fluid, if not precarious. We need to look at how our education systems are preparing young people for a changing workplace.
Is the benefit of a university education overstated?
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Young people today will need to be more flexible and more entrepreneurial than in the past. Universities can help by designing courses that will have value in a rapidly changing economy.
PhD graduates should aim for careers in industry.
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Australia produces thousands of PhD graduates every year but many will find it hard to secure a university career. So we should do more to help them consider a career outside of academia.
Entrepreneur and CEO, Holly Ransom, speaking on Q&A.
Q&A
Entrepreneur and CEO, Holly Ransom, told the Q&A audience that it now takes a young person 4.7 years to find employment after graduating. Is that right?
Not every teaching graduate will find permanent work. It’s time to weigh up your options.
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Of the 15,000 newly graduated teachers, less than half will find permanent employment in Australia. Now’s the time to decide if you stay on to do casual teaching or work abroad.
Students need to be taught to be entrepreneurial and creative, not just the content in the syllabus.
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Professorial Fellow and Deputy Director (Research), HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne