De­grees pay off in job earn­ings

Central Leader - - NEWS -

Peo­ple with de­grees earn sub­stan­tially more than those with no qual­i­fi­ca­tions.

That’s the find­ing of an an­nual report on the per­for­mance of the ter­tiary ed­u­ca­tion sys­tem.

Pro­file & Trends 2011 was re­leased by the Min­istry of Ed­u­ca­tion and shows that in 2011 peo­ple with a bach­e­lor or higher qual­i­fi­ca­tion earned 65 per cent more than those with­out a qual­i­fi­ca­tion – up from 63 per cent in 2010.

It also found that the num­ber of peo­ple aged 15 years and over with a bach­e­lor’s de­gree or higher qual­i­fi­ca­tion was 17 per cent in 2011 com­pared with 11 per cent in 2001. Other find­ings in­clude: For the first time the ma­jor­ity of New Zealan­ders have a de­gree or other ter­tiary qual­i­fi­ca­tion (52 per cent)

Women con­tinue to out­num­ber men in hold­ing a bach­e­lor’s or higher de­gree while men are more likely than women to have cer­tifi­cates and diplo­mas

En­rol­ments in adult and com­mu­nity ed­u­ca­tion in schools rose by 16 per cent.

Ter­tiary Ed­u­ca­tion, Skills and Em­ploy­ment Min­is­ter Steven Joyce says the re­sults are en­cour­ag­ing.

‘‘The Government is com­mit­ted to in­creas­ing achieve­ment in the ter­tiary sec­tor, im­prov­ing qual­ity and bet­ter match­ing ed­u­ca­tion to the skills needed in the New Zealand econ­omy.’’

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