In 2023, the master's or equivalent level work placement stood at approximately a value of 2.45. The data forecasts a significant year-on-year decline in value from 2024 to 2028. Specifically, there is a reduction of around 16.4% from 2024 to 2025, followed by approximately 19.1% from 2025 to 2026. The trend continues with a yearly decrease of about 23.6% from 2026 to 2027 and 31% from 2027 to 2028. The compound annual growth rate (CAGR) projected over this five-year forecast is roughly -19.72%.

Future trends to watch for include:

Exploration of alternative career pathways and further education as work placements diminish.
Industry adaptations to decrease in work placement opportunities.
Development of innovative skill-building opportunities outside traditional programs.