Shocking reports that higher education will lead to higher unemployment, with 30 per cent of graduates jobless just months after finishing their studies, have shaken universities to their foundations.
However, the latest gloomy federal government forecast is not a worry for the International College of Management, Sydney, (ICMS) who are at the top of the class when it comes to placing students in work.
ICMS boasts an enviable record of 97 per cent of their graduates gaining full-time employment straight away.
It is mainly due to the basic ICMS policy of placing students in the workplace in their hoped for chosen profession as part of their industry training - often paid - during their two and three-year degree courses. Principally in hospitality, event and sports management.
One of the most outstanding examples of such industry training at ICMS is James Brady, now a sales development specialist and account director at LinkedIn. James is a former scholarship student at ICMS who graduated with a Bachelor of Business Administration, Retail, just last year.
His industry training included working in David Jones and working part-time in the Domestic Development department at ICMS. As a result of his industry training, James was head-hunted by LinkedIn after he posted his profile and experience on the LinkedIn site. James says that working in the community during his studies prepared him for his working life..
While the latest federal budget papers from the Department of Education* show only 70 per cent of higher education graduates are expected to have a full-time job within four months of finishing a degree in 2016-17, ICMS graduates have consistently gained jobs largely thanks to industry placements, simply not on offer at many conventional universities. Literally hundreds of ICMS graduates have gone on to bigger and better things in the outside world of employment as a result.
The federal government forecast, which was widely reported this week, means that 64,800 new graduates will be unable to find work - 17,000 more than predicted in last year's budget. Graduates salaries are also expected to fall.
Robert Sanasi, ICMS Vice-president, marketing, said: 'These latest federal government projections that up to 65,000 graduate students will have no jobs to go to are deeply disturbing. This is where ICMS differs from most universities.
"Our approach for the past 18 years is that finding real jobs in the workforce as part of the industry training of our students is the cornerstone of what we do here at ICMS.
'And it clearly pays off with real jobs at the end of the day."
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