Australians are enrolling in postgraduate university courses in numbers tipped to reach record highs.
Key points:
- Postgraduate enrolments at universities nationwide have spiked by as much as 26 per cent
- One graduate took on extra study after failing to land a job
- Higher numbers are expected to remain steady as the job market recovers from the recession
Max Kaplan hadn't had any luck landing a job after completing his engineering degree at the University of New South Wales.
Throughout 2020, he applied for several jobs a week, but to no avail.
"It was a little bit crushing at times when I was facing rejection after rejection," Mr Kaplan said.
"You go through five years of uni, a year of work, and still can't find anything … it feels like you've wasted your time."
Despite graduating with honours from a university placed third in the nation for employment, he is now preparing to study a masters of mechatronic engineering at the University of Melbourne.
He believed further specialisation was the best way to spend the next two years while the job market bounces back.
"I'm trying to wait out the bad job market and hopefully find myself in a bit of a better place," he said.
Postgraduate courses, on average, cost more than $20,000.
"It's a risk I'm willing to take," Mr Kaplan said.
Enrolments soar
Last year, enrolments in postgraduate study rose sharply across the country.
The universities with the highest growth in enrolments for specialised courses included:
- University of New South Wales — 26 per cent
- James Cook University — 20 per cent
- University of Queensland — 19 per cent
- Charles Sturt University — 18 per cent
- University of Melbourne — 13 per cent
- Curtin University — 10 per cent
Professor Andrew Norton researches higher education policy at the Australian National University and said enrolments historically rose when the economy suffered.
"In recessions more people look for education because it's harder to find a job," Mr Norton said.
The official unemployment rate has fallen by 0.9 per cent since its 7.5 per cent peak in July 2020.
More than 900,000 Australians remain out of work.
Mr Norton expected university enrolments to hit record highs in 2021.
"People with postgraduate qualifications generally do better than those with bachelor degrees, regardless of their subject areas," he said.
Upskilling to fill a new gap
In northern NSW, Elizabeth Rose has returned to university to upskill after taking a three-year break from working as a counsellor.
The 60-year-old has enrolled in a Graduate Diploma of Psychology at James Cook University in Queensland.
The university is forecasting a 24 per cent increase in both undergraduate and postgraduate enrolments this year.
"I just want to do something … I need to get my brain into gear and investigate more issues," Ms Rose said.
She saw an opportunity to boost her income and fill a gap in mental health support in the regional town of Grafton - a need she said had been exacerbated by the coronavirus pandemic.
"There aren't that many psychologists in town, and people are waiting sometimes four and five months to get in," she said.
She said age was not a barrier to achieving her career goals.
"In helping myself, I'm helping others," she said.