According to the 1999 annual surveys of technical and further education (TAFE) and university bachelor graduates in Australia, both sectors have experienced significant growth in the past 10 years (10-year growth rates of more than 70% and 41%, respectively). Within 6 months of graduation, 72.8% of TAFE graduates and 66.4% of university graduates were employed. A total of 87.7% of TAFE graduates were employed or in further study within 6 months of completing their course, whereas 91.7% of university graduates were employed or in further study within 4 months. Compared with TAFE graduates, university graduates were more likely to have undertaken their course on a full-time basis (39.3% versus 74.5%). On average, TAFE graduates were older than university graduates (the median ages of the two groups were 29 and 23 years, respectively). University graduates employed after graduation were nearly twice as likely to enter the full-time work force for the first time as TAFE graduates were (43.7% versus 23.9%). The respective percentages of TAFE and university graduates who expressed overall satisfaction with their course of study were 85.0% and 67.2%. The weekly earnings of 1999 TAFE and university graduates averaged $462 and $679, respectively. (MN)