The value of a university degree has fallen in Australia, making the cap and gown a less important economic head start.
Recent data from the Mackenzie Institute shows that 10 years ago, bachelor's degree holders enjoyed a 57% income premium compared to those with other degrees; this number will increase to 53.1% in 2023. Shrunk.
This trend was even more pronounced among those with higher qualifications, with the earnings advantage of master's and doctoral degree holders dropping from 93% to 71.5%.
With these numbers in mind, many Australians may be looking for ways to build a lucrative career without a university degree or the debt that comes with it.
Amanda Augustine, Talent's resident career expert, said none of the jobs below require a college degree, but some may require a trade certificate or diploma. Instead, most roles rely on industry experience, so promising candidates may need to work towards increasing their pay grade.
He encouraged Australians to search job sites for their dream role or be more proactive and contact organizations directly with an up-to-date resume and cover letter.
“Provide an overview of your expertise and give the hiring manager insight into why you are the best fit for the job,” Augustin advised, according to Yahoo Finance.
“Regardless of whether you have a college degree or not, it's the first impression you make on your resume that matters. Is it concise and easy to read? Is it tailored to help you apply your qualifications to the job? It's about you. What makes it memorable and likable?
“Eliminate jargon. Proofread your resume and double-check it for grammar and spelling errors. Ask someone you trust and respect in the business to review it. Then hit send. ”
Top 8 high-paying jobs without a degree
- construction manager People without a university degree are the highest earners in Australia, with a reported average annual income of $150,000.
- underground miner Next, the average annual salary is $120,500, with more experienced workers earning up to $170,000. Statistics show that one-third of miners have no formal post-school qualifications, but about half have trade qualifications or TAFE qualifications.
- auto electrician If you earn a Certificate III in Automotive Electrical Technology from TAFE, your average salary will be between $115,000 and $135,000.
- business development managerEmployees who help identify new business opportunities and improve profits earn an average of $95,000 to $115,000 per year.
- security manager Earn up to $110,000 per year. Successful candidates will typically have a relevant Vocational Education and Training (VET) qualification and a Certificate II in Security Operations and/or a Certificate IV in Security Management.
- Recruiter They often have a Certificate IV in Human Resource Management or a Diploma in Human Resource Management, but neither is required to earn an average salary of $115,000.
- ethical hackerA penetration tester, also known as a penetration tester, legally infiltrates computer systems to discover vulnerabilities and help strengthen an organization's security. They can earn $102,00 per year, with the bonus of a Diploma in Information Technology (Cybersecurity).
- digital marketing manager On average, they earn $101,000 per year. Many digital he marketers, especially those in the startup field, often have a college degree, but rely on experience with search engine optimization, marketing databases, email, social media, and advertising campaigns We have secured a high salary.
Earlier this year, the Australian Taxation Office analyzed tax data to uncover other roles that pay well but don't require a university degree.
The highest-paying jobs were for professional sports stars, with male cricketers topping the list with an average annual salary of $208,369, followed by soccer players at $143,711.
However, there were still some options for Australians with less than professional sporting ability.
air traffic controller They were among the highest paid Australians without a degree, with an average annual income of $149,580.
train control device The average salary was $138,633.
Insurance adjuster, loss adjuster, or risk adjuster On average, they earned $136,914 per year.
driller, miner, shotfire The average coal mining salary was $128,486.The person who does it Blasting work The mine generated an annual income of $121,314.
police detective The average annual salary was $122,591; police inspector I earned $120,874.
electric wire worker The average annual salary was $125,443.
helicopter pilot The average salary was $121,706; senior officer In the Air Force, he brought in $120,384 annually.
