jobs, skills and income for the 21 st century january 2013

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Jobs, skills and income for the 21 st century January 2013

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Page 1: Jobs, skills and income for the 21 st century January 2013

Jobs, skills and income for the 21st century

January 2013

Page 2: Jobs, skills and income for the 21 st century January 2013

A changing picture

Page 3: Jobs, skills and income for the 21 st century January 2013

Responding to demand

Source: Statistics Canada data and AUCC estimates

Page 4: Jobs, skills and income for the 21 st century January 2013

“We’re number 15.” What?

Canada’s competitive

advantage in university

attainment is eroding…

Source: OECD, Education at a Glance 2012

Page 5: Jobs, skills and income for the 21 st century January 2013

And by some measures, we rank even lower

* Four-year age cohort with highest enrolment Source: AUCC estimates using OECD database, 2012

Canada was 21st in

university participation

in 2010

Page 6: Jobs, skills and income for the 21 st century January 2013

Canada

Belgium

Ireland

Luxembourg

Estonia

France

Australia

Chile

United States

Spain

Austria

Denmark

Netherlands

Mexico

Hungary

0% 5% 10% 15% 20% 25%

Source: OECD, Education at a Glance 2012

“But aren’t we #1?”Co

llege

att

ainm

ent r

ates

age

25

to 6

4

Page 7: Jobs, skills and income for the 21 st century January 2013

Universities deliver more – with less

1978

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

e

2012

e0

5,000

10,000

15,000

20,000

25,000

Co

nst

ant

$ 20

12

Source: AUCC -- operating support per full-time equivalent student

Government

“Net” tuition

Gifts and donations

Page 8: Jobs, skills and income for the 21 st century January 2013

Canadian university graduation rates better than the U.S.

Page 9: Jobs, skills and income for the 21 st century January 2013

Demand for university graduates is growing

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Th

ou

sa

nd

s e

mp

loy

ed

High school or less

PSE certificate

University degree

Source: Statistics Canada, Labour Force Survey

Trade certificate

Jobs for university and college grads have more than doubled

Page 10: Jobs, skills and income for the 21 st century January 2013

High-quality jobs: a path to prosperity

Profesional and management occupations

Technical, administrative & health support

Clerical, sales and service occupations

Manufacturing, trades and occupations in primary industry

-800 -600 -400 -200 0 200 400 600 800 1,000 1,200 1,400

High school or less Post-secondary certificate or diploma University degree

Employment changes in 000s, 1990 to 2011

Since 1990 1.7 million

more jobs in professional areas – 1.4 million for university

grads

For college grads, the job growth

focused on technical; clerical; sales; and trades

areas

Page 11: Jobs, skills and income for the 21 st century January 2013

Job growth for university graduates remains strong

Source: Statistics Canada, Labour Force Survey July 2008 to July 2012

15% more jobs than in 2008

5%

Page 12: Jobs, skills and income for the 21 st century January 2013

University graduates in demand everywhere

Source: Statistics Canada, Labour Force Survey

Alberta: 1000s of new jobs for university graduates between 2000 and 2011

Page 13: Jobs, skills and income for the 21 st century January 2013

The majority of jobs facing skills shortages require a university degree

• Managers in engineering, architecture, and science • Managers in health, education, social and community services• Managers in construction and transportation• Auditors, accountants and investment professionals• Human resources and business service professionals• Professional occupations in natural and applied sciences• Physical and life science professionals• Professional engineers• Physicians, dentists, pharmacists and veterinarians• Optometrists, chiropractors and other health diagnosing and treating professionals• Registered nurses, dieticians, therapists• Medical technologists and technicians • Technical occupations in dental health care• Psychologists, social workers, counsellors, clergy and probation officers• Supervisors and underground miners, oil and gas drillers and related workers• Supervisors in manufacturing• Supervisors, processing occupations

Sources: CIBC World Markets, The Haves and Have Not’s of Canada’s Labour Market (December 3, 2012)

Page 14: Jobs, skills and income for the 21 st century January 2013

The unemployment myth

Source: Statistics Canada, Labour Force Survey, 2011

Page 15: Jobs, skills and income for the 21 st century January 2013

The myth of growing student debt

2000 2003 2005 2006 2009 2012

Percent of graduates with no debt *

44% 41% 46% 41% 42% 41%

Average amount of debt in 2012 dollars

$25,857 $23,745 $25,911 $26,802 $28,359 $24,579

Sources: Canadian University Survey Consortium (CUSC), Graduating Students Survey; Statistics Canada, National Graduate Survey (NGS).

* In 2012 one-third of those with debt owe less than $12,000.

Page 16: Jobs, skills and income for the 21 st century January 2013

Plan ahead for tomorrow

25 to 34 years

35 to 44 years

45 to 54 years

55 to 64 years

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

High school certificate or equivalent

Trades certificate or diploma

Registered Apprenticeship certificate

Total College or CEGEP

Bachelor's degree

Master's degree

Earned doctorate

Source: Statistics Canada, 2006 Census, full-time, full year work

By end of career, earnings are double

Page 17: Jobs, skills and income for the 21 st century January 2013

University pays dividendsLevel of education Average annual income

(2005)Accumulated income

advantage over high school graduate

High school certificate or equivalent $ 41,200 Baseline Comparator

Trades certificate or diploma $ 40,600 $ (70,000)

Registered Apprenticeship certificate

$ 51,000 $ 340,000

Total College or CEGEP $ 48,200 $ 280,000

Bachelor’s degree (s) (including LL.B.)

$ 71,300 $ 1,320,000

Master’s degree (s) $ 89,000 $ 1,800,000

Earned doctorate $ 94,200 $ 1,830,000

Medical, dental, veterinary medicine or optometry

$ 151,600 $ 4,260,000

Source: Statistics Canada, 2006 Census of Population

Page 18: Jobs, skills and income for the 21 st century January 2013

18

Study what you love

Source: Statistics Canada, 2006 Census of Population

Page 19: Jobs, skills and income for the 21 st century January 2013

Motivation counts

Source: Statistics Canada, 2006 Census of Population

Page 20: Jobs, skills and income for the 21 st century January 2013

So, what’s the story with colleges?% of

graduatesEmployment

rate% working

full-timeRelationship between job

and program of study

Unemployment Rate

Applied arts 40% 84% 61% 38% 16%

Business 29% 80% 66% 46% 20%

Technology 19% 81% 72% 50% 19%

Health 13% 87% 61% 49% 13%

College Total Salary in related jobs

$35,500

83% 65% 44% 17%

Bachelor`s graduate6 months out(2008-09)

Salary $43,000

92% 78% 8%

Bachelor`s graduate 2-years out (2008-09)

Salary $49,500

94% 84% 6%

Source: Ministry of Training Colleges and Universities: A Summary of the Employment Experience of 2009–2010 College Graduates Six Months After Graduation and COU 2010 Survey Highlights: Employment Outcomes of 2008 Graduates of Ontario University Undergraduate Programs

Page 21: Jobs, skills and income for the 21 st century January 2013

Why do university grads go to college?

• Polytechnics Canada estimates that 13% of their students have completed a bachelor’s degree prior to enrolling

• Many colleges are targeting university graduates for their postgraduate certificate programs:– Human Resources Management Program– International Business Management– Marketing Management - Financial Services– Environmental Control– Computer Animation– Financial Planning Program (Postgraduate)

• FPSC has received ISO 17024 accreditation by the Standards Council of Canada

• CERTIFIED FINANCIAL PLANNER® certification

Page 22: Jobs, skills and income for the 21 st century January 2013

22

www.aucc.ca

Thank you!