Graduates worth millions to Bendigo economy

Report shows La Trobe University graduates are worth $41 million to the Bendigo economy.

La Trobe University graduates pump $41 million into the region’s economy, according to a report.

Just over half of the students graduating from the Bendigo campus go on to work in the Loddon Campaspe area, while 23.2 per cent find jobs elsewhere in regional Victoria.

Twenty per cent of graduates go on to work in Melbourne, the Cadence Economics analysis showed.

The report explored the university’s economic contribution to regional Victoria.

Cadence Economics analysis of 2015 estimates showed each graduate working in regional Victoria increased gross regional product by $104,705.

La Trobe University Vice-Chancellor Professor John Dewar said the university had always known the benefit of its graduates to regional Victoria.

“Now we can put an exact dollar value on it – $99 million a year,” he said.

Of the 946 full-time equivalent roles in regional Victoria that La Trobe graduates were predicted to have filled, 420 were in Loddon Campaspe.

Graduates were estimated to have created a further 140 full-time equivalent roles for people without university degrees, 54 of which were based in the Bendigo area.

“Almost three-quarters of regional graduates end up working either where they studied or in another part of regional Victoria,” Pro Vice-Chancellor Richard Speed said.

“This report confirms our graduates are learning then earning in regional Victoria.”

The report comes as Education Department data reveals national university completion rates have dropped to their lowest ever levels.

Almost 71 per cent of the La Trobe University students statewide who started an undergraduate degree in 2010 finished it within six years.

The University of Melbourne had the highest completion rate, at 87.7 per cent, while Federation University had the lowest completion rate, at 36.4 per cent.


This article is courtesy of Bendigo Advertiser