How to get an ‘A’ in the engineering industry
What to read next A new breed of ‘domestic engineers’ will become the next wave of engineers in the highly competitive global field of gene engineering, a new generation of domestic engineers that are poised to shake up the engineering profession.
The Australian Financial Report shows that domestic engineers will dominate the industry by 2025, a move that will have a significant impact on Australia’s global competitiveness.
This report is the latest in a series of reports published by the Australian Financial Services (AFS) that highlight the importance of Australian engineering to the future of our economy.
With more than a decade of data, the AFS provides the benchmark for a comprehensive, independent and objective view of Australia’s engineering industry.
AFS’s research provides a detailed understanding of Australia and the Australian economy, highlighting areas such as the quality of the Australian engineering workforce, the quality and sustainability of Australian industries, the economic benefits of the domestic engineering workforce and the impact of domestic engineering on Australian society.
The AFS also provides an in-depth analysis of Australia as a global economic hub and provides an insight into how Australia is shaping its own future.
The report highlights the importance to the Australian manufacturing sector of Australian engineers and their skills.
In fact, a quarter of all engineering jobs will require an engineer in 2025, making it the largest source of skilled engineering workers in the world.
The study also finds that there is a significant talent gap in the domestic sector between Australian engineering graduates and foreign engineers.
Australian engineers account for over half of the world’s engineers, but only about 10 per cent of the workforce.
There are over 40,000 domestic engineers in Australia, making up more than 40 per cent, but less than one in 10 of the jobs in the Australian workforce require the skills of domestic workers.
This study provides a comprehensive view of the role and responsibilities of Australian domestic engineers and provides a roadmap for further research into the potential of domestic and foreign engineering.
The data shows that engineering graduates are the most qualified workforce in the global economy, and this is a reflection of the growing talent pool of engineers that Australia has to offer.
But, the data also shows that the global talent pool for engineering is becoming smaller, particularly in Asia and South-East Asia.
While there is considerable global demand for engineering graduates, there is also a growing supply of engineering graduates in Australia.
In 2020, there were 8,800 engineering graduates working in Australia; by 2025 that number would reach nearly 15,000 engineers.
In 2025, the number of engineers employed in Australia will reach an estimated 9.4 million, making Australia the third largest export market for engineering services.
It is estimated that the country’s engineering workforce will reach 40,600 engineers by 2025.
The AFS report highlights a number of reasons why the Australian engineer workforce is growing.
The first is that the domestic workforce is becoming more educated.
This is particularly true for engineers with the highest levels of education, with the proportion of engineers with tertiary education falling from 57 per cent in 2015 to 50 per cent by 2025 (the same figure in 2020).
It is also recognised that there are opportunities for engineers who have already achieved high levels of qualification.
For example, engineering graduates with a high level of qualification can also be attracted to the private sector.
For more information, see our section on ‘The Australian engineering industry’.
Another major contributor to the increasing number of engineering employees in Australia is the development of a skills gap.
The gap is a lack of the skills needed for a successful career in engineering.
It can be caused by the lack of a specific technical knowledge or skills that the job requires.
For instance, a senior engineer can be an excellent mechanic but not a mechanic of a vehicle, or a skilled engineer but not an engineer of a software company.
As a result, engineers are often unemployed or underemployed in the sector.
Other factors can also cause a skills shortage, such as: lack of training for the workforce