The aim of this paper is to explore the changes taking place in the Australian higher education sector and to discuss the implications of these changes in planning education. In addressing this aim, this paper draws from theories of reflexive modernisation to discuss how processes of individualisation, risk and reflexivity are shaping the behaviours and decisions of university managers, students and academics. These shifts and challenges are important for employers, just as they are for academics, to understand. The paper calls for more strategic and informed engagement in higher education policy and with the student communities to complement the growing dialogue between academics, the planning profession and employers.