Degrees pay off in job earnings
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.’’