As of last fall’s labour report, less than one-fourth of Caymanians have a college degree.
Partner at Ernst and Young Mike Mannisto said his firm certainly wants to recruit young Caymanians looking to join the accounting field however he noted many other Cayman industries are also reliant upon workers with a higher education.
“Only 22.7 percent of Caymanians actually have a college degree and that’s quite shocking especially when you consider the fact that we live in this knowledge based environment and economy here in the Cayman Islands and that’s why EY for decades, and it’s gonna be a priority for the years to come and the decades to come, has been so focused on investing in our youth,” Mr. Mannisto said.
Cayman’s 22. 7 percent of the workforce with a college degree compares to about 28 percent in the United States putting Cayman on-par with the state of Oklahoma, which ranks 42nd out of the 50 states.