More Australians studying than ever before

Peter Terlato 29 November 2016

university students studying laptop group park

One in five Aussies enrolled in a course in 2016.

The latest education figures reveal the proportion of Aussies studying has increased across all age groups and among both sexes over the last decade.

The Australian Bureau of Statistics' (ABS) Education and Work Stats for May 2016 report one in five Australians aged 15 to 64 enrolled in a course in 2016.

This means more than 3 million people within this age range were engaged in some form of study, while around 2.3 million people enrolled in a non-school qualification in 2016.

The proportion of young women studying, aged 15 to 24 years, increased from 56% in 2006 to 64% in 2016. Over the same period, the number of young men studying rose from 55% to 61%.

Although fewer older people were studying, the proportion of women aged 25 to 64 years enrolled in a course grew from 7.9% in 2006 to 10.5% in 2016, as did the amount of men within the same age range, up from 5.7% to 7.2% over the last 10 years.

Around the same amount of men (42%) and women (41%) were undertaking bachelor degrees.

However, more men (22%) than women (16%) were studying Certificate III and IV, while a greater number of women (17%) than men (12%) were studying for an advanced diploma or diploma.

Men (18%) were 12 times more likely than women (1.4%) to study engineering, while women (19%) were more than twice as likely as men (8.2%) to study health.

The primary field of study for highest non-school qualifications was management and commerce (23%).

There were also 188,600 employed apprentices or trainees within the Australian Apprenticeship Scheme.

Of these, half (52%) had commenced their apprenticeship or traineeship in the last year and the majority were male (76%). Construction remained the most popular industry, employing 41% of all apprentices.

The Beyond Graduation Survey 2015 found the highest-paid university graduates, working full-time, were employed in the fields engineering and related technologies and management and commerce.

Full-time graduates earned $70,000, while full-time employed postgraduates pulled in $90,000 per year.

The average male with a bachelor degree will earn an additional $1.4 million over his lifetime, compared to someone who doesn't complete university. Women bank slightly less, earning $1 million extra.

Financial institutions have banking solutions just for students, so you can worry less and study more.

Picture: Shutterstock

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