Grow South East (South East Metropolitan Region)
Local workers - Qualifications - Financial and Insurance Services
In the Grow South East (South East Metropolitan Region), the Financial and Insurance Services workforce has a lower proportion with tertiary qualifications compared to Western Australia.
Qualification levels help to evaluate the economic opportunities and socio-economic status of local workers in a particular industry.
The level of qualifications in a workforce relate to a number of factors including:
- The age of the workforce;
- The skill and qualification level required to enter an industry;
- The professional or working ambitions of people (to seek education as youth or retraining as adults);
- The opportunities afforded to people to continue studying beyond compulsory schooling.
Educational Qualification statistics should be looked at in conjunction with Field of qualification and Occupation data for a full education analysis for Grow South East (South East Metropolitan Region).
Australian Bureau of Statistics (ABS) – Census 2011 (experimental imputed) & 2016 – by place of work
Please note – The 2016 Census used a new methodology to “impute” a work location to people who didn’t state their workplace address. As a result, 2016 and 2011 place of work data are not normally comparable. To allow comparison between 2011 and 2016, .id has sourced a 2011 dataset from the ABS which was experimentally imputed using the same methodology. To provide this detail, Grow South East (South East Metropolitan Region) in 2011 had to be constructed from a best fit of Work Destination Zones (DZNs). While it may not be an exact match to the LGA or region boundary, it is considered close enough to allow some comparison. Users should treat this time series data with caution, however, and not compare directly with 2011 data from any other source.
|Local workers qualifications|
|Grow South East (South East Metropolitan Region) - Financial and Insurance Services||2016||2011||Change|
|Qualification level||Number||%||Western Australia %||Number||%||Western Australia %||2011 to 2016|
|Bachelor or Higher degree||713||28.4||35.3||624||22.9||29.6||+89||25001|
|Advanced Diploma or Diploma||528||21.1||17.5||521||19.1||15.4||+7||25002|
|Certificate I and II Level||11||0.4||1.3||42||1.5||1.7||-31||25005|
|Certificate III & IV Level||296||11.8||10.9||332||12.2||10.4||-36||25006|
|Certificate Level, nfd||63||2.5||2.2||78||2.9||2.5||-15||25007|
|Inadequately described or not stated||79||3.2||2.6||80||2.9||3.2||-1||25009|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2011 and 2016. Compiled and presented by .id (opens a new window), the population experts.
Analysis of the qualifications of the Financial and Insurance Services in the Grow South East (South East Metropolitan Region) in 2016 compared to Western Australia shows that there was a lower proportion holding formal qualifications (Bachelor or higher degree; Advanced Diploma or Diploma; or Vocational qualifications), and a higher proportion with no formal qualifications.
Overall, 52.5% of the Financial and Insurance Services held educational qualifications, and 32.6% had no qualifications, compared with 56.4% and 30.1% respectively for Western Australia.
The major differences between the qualifications held by the Financial and Insurance Services workforce in the Grow South East (South East Metropolitan Region) and Western Australia were:
- A larger percentage of local workers with Advanced Diploma or Diplomas (21.1% compared to 17.5%)
- A larger percentage of local workers with No qualifications (32.6% compared to 30.1%)
- A larger percentage of local workers with Certificate III & IV Levels (11.8% compared to 10.9%)
- A smaller percentage of local workers with Bachelor or Higher degrees (28.4% compared to 35.3%)
The largest changes in the qualifications held by the Financial and Insurance Services workforce in the Grow South East (South East Metropolitan Region) between 2011 and 2016 were:
- No qualifications (-234 local workers)
- Bachelor or Higher degrees (+89 local workers)
- Certificate III & IV Levels (-36 local workers)
- Certificate I and II Levels (-31 local workers)