A British study found that, after taking student loan repayments into account, a higher
apprenticeship (at level 5 in the
national qualifications frameworks) delivered higher lifetime median earnings than a degree from a university outside the
Russell Group. Despite this, polling for the report found that apprenticeships have a lower perceived value than
bachelor's degrees. Data from the United States shows that
vocational education can provide a respectable income at a lesser cost in time and money for training. Even ten years after graduation, there are many people with a certificate or associate degree who earn more money than those with a B.A. The average
taxable income for the top trades in Australia can be up to AUD $112,500, while the average for all Australians is about AUD $100,000. According to the Australian Bureau of Statistics, full-time adult ordinary-time earnings averaged AUD $2,011 per week in May 2025 (approximately $104,600 annually), while average weekly earnings across all employees were around $1,542 per week (about $80,200 annually). A 2025 industry report on Australian trade occupations noted rising demand for skilled trades, increased material and tool costs, and higher average turnover among self-employed tradespeople. ==See also==