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Regina Flake / Dirk Werner / Michael Zibrowius IW-Trends 10. May 2016 Further Vocational Training as a Career Factor

The Income Prospects of Employees with Advanced Vocational Qualifications

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Further Vocational Training as a Career Factor
Regina Flake / Dirk Werner / Michael Zibrowius IW-Trends 10. May 2016

Further Vocational Training as a Career Factor

IW-Trends

German Economic Institute (IW) German Economic Institute (IW)

The Income Prospects of Employees with Advanced Vocational Qualifications

Germany’s formal system of qualifications largely ranks those who have completed advanced vocational training, e.g. to qualify as a Master or Technician, on a par with university graduates with a bachelor’s degree. Using personal and corporate data, the present paper examines the extent to which this formal parity also leads to equivalent income prospects. The results show not only that further vocational training ensures considerable career advancement over a first vocational qualification but also that those with advanced vocational training do indeed reach approximately the same income levels as those with a university degree. The majority of companies value the competences of those with advanced vocational training sufficiently to pay this group salaries at least comparable with those of university graduates. Overall, however, since both groups are in themselves very diverse neither can be said to have consistently better income prospects. Rather, the results depend on numerous additional factors such as subject area, the tasks actually performed and the sort of qualification obtained.

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Further Vocational Training as a Career Factor
Regina Flake / Dirk Werner / Michael Zibrowius IW-Trends 10. May 2016

Regina Flake / Dirk Werner / Michael Zibrowius: Karrierefaktor berufliche Fortbildung – Einkommensperspektiven von Fortbildungsabsolventen

IW-Trends

German Economic Institute (IW) German Economic Institute (IW)

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Further training needs of the automotive industry in transformation
Alexander Burstedde / Paula Risius / Jurek Tiedemann / Dirk Werner IW-Report No. 56 2. November 2023

Further training needs of the automotive industry in transformation

Due to the ecological and digital transformation, significant parts of the German economy, particularly the industrial sector, are currently undergoing a transformation. This development also extends to the automotive sector, which occupies a vital position in ...

IW

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Corinna Kremers / Axel Plünnecke / Isabel Vahlhaus IW-Trends No. 3 1. August 2023

The Increasing Importance of Literacy Courses and Further Training for the Low-skilled

Digitalisation and the demographic transition are presenting companies with ever new challenges. This puts pressure on firms to be in a process of constant change, a phenomenon reflected in the growing demands they put on their low-skilled employees.

IW

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