52% of graduates land into a job that they didn’t need to go to college to get, even in a red-hot job market. Worse: few who start out underemployed ever make it to jobs that require their degree, bearing a $20,000 per year earnings gap vs. their classmates that persists throughout their careers. Our report in partnership between The Burning Glass Institute and the Strada Education Foundation's Institute for the Future of Work analyzed the trajectories of millions of graduates to chart who gets hit hardest, tracking how rates of underemployment bear out by major, institution type, school selectivity, location, and student demographic and socioeconomic factors.
This underside to American higher education highlights the urgent imperative of bringing new focus to how students fare after college. It’s not that college degrees aren’t valuable. It’s that they are valuable to too few. With 38 percent of students failing to complete their degrees within six years and then 52 percent of those who do graduate finding themselves underemployed, less than 30 percent of those who enroll in college realize the benefit they looked forward to.
Black and Hispanic students are hit harder than their white and Asian peers, and men struggle more than women.
The good news: there are steps students can take to improve their odds. Some programs of study have less than a third the risk of others. For example, 23 percent of nursing students are underemployed five years after graduation vs. 68 percent of criminal justice majors – but that still means that a quarter of students in one of the lowest risk fields fails to find college-level work. Having an internship reduces the prevalence of underemployment by almost half. Going back to school to get a graduate degree also helps considerably – but there to, it’s no guarantee, with a third of non-quantitative business master’s degree holders struggling with underemployment.
Check out excellent reporting from Vanessa Fuhrmans and Lindsay Ellis at the Wall Street Journal: https://lnkd.in/e__7Yf8Q and I hope that you’ll take time to delve into our full report, "Talent Disrupted": https://lnkd.in/eDwbKGaM.
It was a special privilege to collaborate with brilliant coauthors Stephen Moret and Andrew Hanson at Strada and Carlo Salerno and Mels de Zeeuw at the Burning Glass Institute and with a number of others who made major contributions to this work, including Amy Wimmer Schwarb, Brian Hendrickson, Daniel Silverman, David Clayton, Eric Brown, Erik Leiden, Gabriella Gomez, Jason Johnson, Jonathan Furr, Katherine Valle-Palacios, maria ferguson, Melissa Leavitt, Nichole Torpey-Saboe, PhD, Olivia Gunther, Ruth Watkins, Stuart Andreason, and Travis Reindl.
#highereducation #collegesanduniversities #education #employment
Human Resource Leader | Trusted Business Partner | Tech + Corporate Strategy + Marketing +Retail + B2B +AdTech
2mo👏👏👏👏👏👏