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Is College Worth the Cost?  Can My Son/Daughter Find Employment After Graduation?

Click here to view employer quotes about hiring SU graduates
Click here to view mentor quotes concerning how important their education was


With so much going on in economics of the world today and the cost of higher education being quite expensive there is a growing question of accountability.  We want to examine and show what is happening in higher ed as it relates to employment and be very open and transparent about what we are doing to help our graduates and explaining what they are doing.  Below is data that examines the notion "Is a college degree worth it"?   

 

Local Data

 

In the most recent MHEC (Maryland High Education Commission) SU student performed in this manner:

  • 90% of SU graduates are employed one-year after graduation.
  • 95% of SU graduates reported satisfaction with their level of preparation for employment while almost 100% reported satisfied with their level of preparation for graduate or professional school.
  • 95% of SU recent graduates reported satisfaction with their level of preparation for employment.
  • Almost 100% of recent SU graduates reported satisfied with their level of preparation for graduate or professional school.

WHAT CAREER SERVICES IS DOING TO ASSIST STUDENTS:

  • Click here for Career Services 2011-12 Annual Report

WHAT THE STUDENTS AND EMPLOYERS ARE DOING?

April 2012 First Destination Survey:
834 graduating seniors and graduate school graduates completed the survey

Salisbury University Data:

Most Likely Principal Activity of SU Students (employment, graduate school, military, volunteer, etc.) after Graduation -April 2012

  • 65.7% Working Full-Time
  • 6.4% Working Part-Time
  • 19.3% Graduate or Professional School Full-Time
  • 2.1% Graduate or Professional School Part-Time
  • Those majors reporting highest Working Full Time as of now
    Accounting-60%
    MSW-44%
    Computer Science-44%
    Med Lab-44%
    Finance-25%
    Marketing-22%
    Management-20%
  • Those majors reporting highest "Furthering Education" as of now
    Social Work-43%
    Physics-33%
    Economics-33%
    History-30%
    English-20%

Job Satisfaction of SU Students by Major-May 2012 (for respondents reporting employment)

  • 61% Very Satisfied
  • 30.9% Satisfied
  • 7.1% Neither Satisfied Nor Dissatisfied
  • .7 Dissatisfied

Employment Location Percent
California 1.59
District of Columbia 3.97
Delaware 3.97
Georgia 0.79
Kentucky 0.79
Maryland 75.4
Maine 0.79
North Carolina 0.79
New Jersey 0.79
New York 0.79
Ohio 0.79
Pennsylvania 1.59
Tennessee 1.59
Texas 0.79
Virginia 3.17
Washington 0.79
International 1.59
Unspecified 0


Where SU Students are Working on Going on to Graduate School

2012-Examples of Where SU Students Are Working:

Axom Technologies
Department of Defense
Ernst &Young
Montgomery Hospice
Northrop Grumman
US Army
Bayhealth Medical Center
Memorial Hospital at Easton
Peninsula Regional Medical Center
Labinal
NAVAIR
Target
Anne Arundel Medical Center
University of Maryland Medical Center
Department of Defense
The Johns Hopkins Hospital
KPMG LLP (2)
McGladrey
Office of Legislative Audits
FBI

Gillette Portrait Arts
Mid Shore Mediation
Sherwin-Williams
Enterprise Holdings
United States Navy
National Security Agency

2012-Examples of Where SU Students Are Going to Graduate School:
University of South Carolina
Johns Hopkins University
Virginia Tech
University of Connecticut
Massachusetts College of Pharmacy
Virginia Commonwealth University
United States Air Force
University of Pittsburgh
New York University
Colorado State University
Hofstra University
University of Nebraska-Lincoln
North Carolina State University
Seton Hall University
New York Chiropractic College
University of South Florida
American University
University of MD College Park
Drexel University
University of Louisville
Rutgers
University of Maryland School of Law
Clemson University
University of Virginia School of Law
James Madison University
Hofstra University

 

SU Salary Stats-2012 May Graduates:

 

  • $41,199.54 average

  • Range $15,000 to $75,000

  • Highest paid majors:
    -Respiratory Therapy-$60,666--Nursing-$55,500--Accounting-$52,375--Info Systems-$46,083---MEd-$45,000--Finance-$42,480--Med Lab-$42,140--Computer Science-$40,000

 

 

April 2011 First Destination Graduation Survey:

Most Likely Principal Activity of SU Students (employment, graduate school, military, volunteer, etc.) after Graduation-April 2011

  • 63.9% Working Full-Time
  • 7.6% Working Part-Time
  • 17.4% Graduate or Professional School Full-Time
  • 1.8% Graduate or Professional School Part-Time
  • Those majors reporting highest Working Full Time
    Accounting-41%
    Conflict Analysis-38.8%
    MEd-36%
    MA English-28%
    MSW-23%
    Med Lab-37%
    Management-22%
  • Those majors reporting highest "Furthering Education" as of now
    Biology-36%
    Exercise Science-27%
    History-29%
    Interdisciplinary Studies-33%
    Social Work-55%

Job Satisfaction of SU Students by Major-May 2011 (for respondents reporting employment)

  •  54.5% Very Satisfied
  •  35.5%-Satisfied
  • 4.9% Neither Satisfied Nor Dissatisfied
  • 4.9% Dissatisfied

Career Services Annual Report

  • Click here for the 2013 Career Services annual report-pdf
  • Click here for 2013 Career Services annual report - infographic
  • Click here for 2012 Career Services annual report - word

SU University Analysis, Reporting, & Assessment

  • *Click here for the University Analysis, Reporting, & Assessment Department
  • Click here for Retention Rates
  • Click here for Enrollment Data
  • Click here for Tuition Rates

 

National Data

 

NACE-National Association of Colleges and Employers Data:
NACE’s sixth annual Student Survey was conducted February 15, 2012, through April 30, 2012. A total of 59,063 students at 826 NACE-member institutions took part, including 15,715 seniors earning bachelor’s degrees. Data reported here reflect responses from those seniors.

EMPLOYER INFORMATION:

The 2012-13 Employers Expectations:
-47.5% of employers expect to increase college graduates hiring
-42.4% of employers expect to maintain college graduates hiring

-10.1% of employers expect to decrease college graduates hiring
* As expected, the increase in college hiring is primarily the result of company growth or an increase in business. But these weren’t the only reasons for hiring increases. Employers also noted they are hiring to feed their talent pipelines with new college graduates, to compensate for an aging work force, and to establish new college recruiting programs or expanding existing ones.
* Employers that plan to maintain their number of college hires reported steady business conditions and, therefore, no need to change their college hiring numbers. An uncertain economy, level budgets, and low turnover were other key factors contributing for these employers holding steady.
* Of the 10 percent of respondents with plans to lower their college hires, three common reasons prevailed: reorganization, less business, and economic uncertainty.

 

Job Market Ratings by Employers:
* Nearly 49 percent of employers rate the overall job market for Class of 2013 graduates as “good,” which represents little change from last year when 46.4 percent assigned the same rating.
* However, the percentages are advancing for the more positive ratings—“very good” (14.9 percent this year vs. 11.9 percent last year) and “excellent” (2.1 percent vs. 1 percent)—while they are receding for the more negative ratings—“fair” (33.5 percent this year vs. 37.6 percent last year) and “poor” (1 percent vs. 3.1 percent).
* To see just how much the employer perception of the job market has improved, compare their ratings of this year’s job market to those for the Class of 2010, when the overwhelming majority of employers (67.3 percent) rated the job market as “fair” and just 15.6 percent rated it as “good,” the same percentage that rated it “poor.” Less than 1 percent rated that job market “very good.”

 

Hiring by Region:
-West
54.5% Increase
27.3% Maintain
18.2% Decrease
-Midwest
47.5% Increase
44.3% Maintain
8.2% Decrease
-Southeast
41.4% Increase
48.3% Maintain
10.3% Decrease
-Northeast
50.9% Increase
40.4% Maintain
8.8% Decrease

 

% of Total Respondents Who Will Hire:
Business- 85.7%
Engineering- 74.0%
Computer & Information Sciences- 65.3%
Sciences - 43.4%
Communications - 32.7%
Liberal Arts - 27.6%
Agriculture & Natural Resources - 10.2%

 

Top degrees in demand (bachelor’s degree level)-% of Total Respondents Who Will Hire:
Finance - 66.8%
Computer & Information Sciences - 65.3%
Accounting -58.7%
Business Administration/ Mgmt. - 55.6%
Mechanical Engineering - 50.0%
Management Information Systems - 49.5%
Electrical Engineering - 49.0%
Computer Engineering - 43.9%
Marketing/Marketing Mgmt. - 41.8%
Economics - 40.3%


How Employers View Candidates:
-The practice of employers screening candidates by GPA reached a previous all-time high for the Class of 2011 when nearly 77 percent of respondents to the Job Outlook 2011 survey reported that they would do so.
-That high has been topped for Class of 2013 college graduates, as more than 78 percent of respondents say that they will screen candidates by GPA.

Attributes employers seek in a candidate:

80.6%-Leadership skills
75.3%-Problem Solving skills
74.7%-Communication skills (written)
74.2%-Ability to work in a team
72.0%-Analytical/quantitative
73.1%-Strong work ethic
67.2%-Communication skills (verbal)
66.7%-Initiative
64.5%-Computer skills
64.0%-Technical skills
57.5%-Detail-oriented
57.5%-Flexibility/adaptability

 

Employers rate the importance of candidate skills/qualities
Ability to verbally communicate with persons inside and outside the organization 4.63
Ability to work in a team structure 4.60
Ability to make decisions and solve problems 4.51
Ability to plan, organize and prioritize work 4.46
Ability to obtain and process information 4.43
Ability to analyze quantitative data 4.30
Technical knowledge related to the job 3.99
Proficiency with computer software programs 3.95
Ability to create and/or edit written reports 3.56
Ability to sell or influence others 3.55

*5-point scale, where 1=Not at all important; 2=Not very important; 3=Somewhat important;
4=Very important; and 5=Extremely important

 

Close to 60 percent of respondents favor experience gained through an internship
or co-op.


● Salary Plans:
-
Click here for NACE salary projections-Spring 2013
-
Employers in all regions are planning to increase starting salaries for new hires with bachelor’s degrees.
-The average increases planned are up slightly from last year in all regions except the Southeast. Employers there planned an average increase of 3.7 percent for last year’s grads; that has fallen to 3.1 percent for this year’s graduates.

STUDENT INFORMATION:
2012 December Class Graduates:
-65.4% expect to enter the work force immediately
-4 out of 5 of these had started looking for a job

-27.7% would like to go to grad school right away

-Students say they’d most like to work in:
1. Government 2. Human Services 3. Education
-When considering a job, they first look at:
1. Nature of work 2. Compensation 3. Co-workers
-When seeking a job, Class of 2012 grads were most likely to use:
1. Employer websites 2. Friends 3. Parent/relatives
-Who influenced them in their job search?
1. Friends 2. Parents 3. Faculty
-Who was the most helpful?
1. Parents 2. Friends 3. Faculty


-73% use career services during their senior year-36% are frequent users
-They turn to career services for:
1. Resume assistance 2. Job postings 3. General help with the job search
-Which services are most helpful?
1. Resume assistance 2. Job postings 3. Workshops

-55% of the students have internship and/or co-op experience
-51% of interns were offered a job

-Paid interns fared better:
41% of unpaid interns got at least one job o ffer
63% of paid interns got at least one job o ffer

-Majors most likely to get job offers:
1.Accounting 2.Engineering 3.Computer Science

 

What are the numbers of having or not having a college degree related to income of graduates?

Click here to see chart  from United States Bureau of Labor Statistics-2012 that gives exact numbers as to what a college degree is worth.

 

From Other Websites:

The following information was written by Dr. Ann Fields - The October 29, 2012 issue of Time features a Special Report “Reinventing College”
1. Is college worth the money?
We can look to recent history to grasp the answer to this question. According to the Time article (p. 40), “the average debt load for college seniors who took out loans and graduated in 2010 was $25,250.” When asked if this amount was reasonable, 38% of the general population said yes and 74% of college leaders said yes.

But what do students gain from a college education?

Once again from Time (p. 37), “Attending college is still a smart move. Higher education is costly, but a degree is still a valued commodity. College graduates earn more than their less educated counterparts.” Lifetime earning by highest education attainment, in 2011 dollars:
•Less than high school - $1.0 million
•High school graduate - $ 1.4 million
•Some college - $ 1.6 million
•Associates degree (2 yrs) - $ 1.8 million
•Bachelor’s degree (4 yrs) - $ 2.4 million
•Master’s degree - $ 2.8 million
•Doctoral degree - $ 3.5 million
•Professional degree - $4.2 million

The statistics point to the economic advantage that a college degree provides. Also, when looking toward the future, projected for 2020 (p. 37),
•30% of jobs will require some college, compared to 12% in 1973, and
•35% of jobs will require a bachelor’s degree, compared to 16% in 1973.

Even with increased debt, the economic advantage and the requirements of jobs in the future, point to the advantages of obtaining a four-year degree.

 

Click here for college worth from Visual.ly-data info firm.


 

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