In this article we examine the relationship between educational level and position in the labour market at age 25 for those who have completed upper secondary education or lower as their highest educational level. Whilst completion of upper secondary education is widely regarded as being important, we find that early and lasting work experience can compensate for non-completion. On the other hand, having received public welfare support decreases one's chances of being in the labour market. Our conclusion is that educational attainment matters: it is important to complete upper secondary education for successful transition into the labour market, but if you do not complete, every step on the ladder to completion counts.