Kuala lumpur: Over 87 percent of Technical and Vocational Education and Training (TVET) students surveyed are unaware that TVET programmes offer degree-level qualifications, as revealed by the Financial Industry Collective Outreach (FINCO).

According to BERNAMA News Agency, a report by FINCO highlighted that out of 1,299 respondents, a staggering 96 percent were unaware of the full range of TVET qualifications, with most believing that TVET only offered up to Certificate or Diploma levels. Despite the vocational nature of subjects such as accounting, journalism, and nursing, these are often not recognized as TVET subjects due to their perceived higher status compared to more manual professions.

The report, which gathered insights from four key demographics including the general public, youth with no TVET experience, current TVET students, TVET graduates, and employers, found that while 45 percent of youths surveyed have a positive perception of TVET, only 35 percent would choose a TVET pathway.

FINCO noted that perceptions of TVET graduates’ employability are influenced by the level of familiarity or direct experience respondents have with the system. Those with closer exposure to TVET tend to have more positive views of its relevance to the job market, potentially increasing public awareness of its high return on investment.

The demand for TVET graduates remains strong, with 82 percent of employers who have hired them reporting that these individuals possess essential skills and knowledge. However, issues with skills and quality gaps persist, as shown by a Ministry of Higher Education report last year that found 70 percent of graduates were mismatched, and 43 percent were not working in their trained field.

FINCO emphasized that collaboration between educators and employers is essential to enhance public perception of TVET and better prepare students for the workforce. Clare Walker, FINCO Chief Executive Officer, stated that the organization’s goal aligns with the National TVET Policy 2030, which focuses on equipping individuals with practical skills and knowledge before they enter the workforce.

FINCO’s Chairman Tan Sri Azman Hashim highlighted TVET’s role in shaping a generation that could drive Malaysia’s future economy. By supporting FINCO’s efforts, the financial industry can contribute to cultivating a skilled workforce, strengthening businesses, and creating long-term stability.

FINCO is a collaborative initiative led by financial institutions in Malaysia, guided by Bank Negara Malaysia, to provide underprivileged children and youth with the guidance and educational tools necessary to achieve their life goals.