The level of education in Austria is increasing, as shown by current figures from Statistics Austria. The exciting detail is that apprenticeships and vocational schools initially offer significantly higher salaries.
Education is golden! Too often, the dual education system in the Alpine Republic is demonized or praised to the skies. However, the bare figures from the current publication of Statistics Austria “Education in Numbers 2022/23” prove that vocational training programs pay off well. Eighteen months after graduation in 2020, graduates earn an average of 2,500 euros gross (!).
While boys in particular can expect more than 2,700 euros, girls will ‘only’ receive about 2,100 euros. The consolation in the gender disadvantage: Statistically, female journeymen also ranked above the higher-earning male AHS graduates (only $2,053 on average).
By the way, middle schools and high schools also take the top positions, while those who come last and therefore have a low income are obviously those who have completed compulsory education.
Earn more and start working faster
In terms of time, people who complete an internship are also the quickest to start work (the average is just 22 days) and have a relatively low unemployment rate of 3.9 percent.
Unemployment rates are significantly higher for people without formal education (at most compulsory education: about twelve percent) and for people with AHS as the highest qualification (eight percent). On the other hand, people with a BHS (3.2%) or university degree (3.5%) actually have lower unemployment rates than those with an apprenticeship qualification.
High school students see the Matura as their only goal
The most important course for the future is set early in one’s educational career. After completing a lower AHS level, nine out of ten students attend a “Matura-leading school.” After graduating from high school, this figure is considerably lower: 40 percent.
For many people, the path after completing high school is to an internship. 22.3 percent consecutively attend a polytechnic. The glaring lack of good professionals will continue to be a problem for the local economy in the future.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
