How do the returns to academic education compare with those from vocational education and training? We address this question for Tanzania allowing for the entry level into vocational education and for the characteristics of the employing firm. If the firm fixed effect captures unobserved worker quality then the return to vocational education, at the level at which it occurs, exceeds that on academic education. However the return to any form of vocational training is less than that achieved by those who reach A-Level and above. While those with current training earn more this effect disappears once we allow for firm fixed effects.