Thursday, May 19, 2011

Recent Rutgers Study

* Of students graduating between 2006 and 2010, only 53% are employed full-time (21% are attending graduate or professional school).
* The median salary for students from the classes of 2009 and 2010 is $27,000 a year -- $3,000 less than that earned by their "pre-recession" counterparts from the classes of 2006 and 2007, who earned a median salary of $30,000 in their first jobs.
* Students who did internships during the course of their degrees earn a median salary $6,680 higher than those who did not.
* The difference between starting salaries for men and women is over $5,000, with men earning $33,150 and women $28,000.
* 39% of students from the classes of 2009 and 2010 earned "a lot less" than they expected in their first jobs (the figure for the classes of 2006 and 2007 is 28%).
* Those with a regular salary earn over $10,000 more per year than those paid by the hour, whose median yearly pay is $25,000.
* 3/5 of graduates used "personal connections" when looking for a job (compared to less than 1 in 3 who used "college placement offices").
* 51% of graduates had found a job within two months of leaving college (nearly 30% had arranged employment before they graduated). 75% had found employment at the two-year mark.
* Only 52% of graduates surveyed accepted jobs for which a four-year degree was required.
* 58% of graduates aged 22-25 "are receiving some form of financial support from their parents" (29% say their parents help pay for housing). Nearly a quarter say they still live with their parents.
* 58% say they were not well-prepared for the job search by their universities.
* Among recession-era graduates (classes of 2009-10), 43% say they are "not working in the area they trained for."
* 48% of students who are "satisfied with their decision to attend college and graduate with a four-year degree" nonetheless say they would be "more careful" choosing a major if they were given another chance; 47% say, looking back, they should have "done more internships or worked part time.
"

No comments:

Post a Comment

Labels

about.com (1) Alexandra Nikolchev (1) Andrew Leonard (1) Anya Kamenetz (1) arts (3) asskissing (1) becky lang (1) book review (2) business (4) careers (17) cartoon (4) children (7) colbert report (1) college (8) colleges (12) comic (1) Conan O'Brien (1) creative (2) Dana Faccine (1) dance (1) debt (3) degrees (4) diane ravitch (1) doctor (1) documentary (1) Dr. Seuss (1) drawings (1) Drew Grant (1) drinking (1) economy (7) education (9) ELIZABETH HAYS (1) fail (9) fails (1) first entry (1) for-non-profit (2) Forbes (1) FRESH IS BACK (1) friends (1) frontline (2) Gene Marks (1) generation gap (6) george carlin (1) gifted (3) graduate school (4) graduates (4) graduating (4) graduation (6) HBO (1) hotel finance resourse (1) humor (3) ideas (1) intelligence (2) interests (1) IQ (3) James Marcus Bach (2) Jay Leno (1) jobs (15) jon stewart (1) LAURA PAPPANO (1) learning (3) Leslie Helm (1) letter to the editor (1) literature (1) Los Angeles Times (1) lying (7) major (1) majors (4) MB Quirk (1) Metro Mag (1) minor (1) minorities (1) minors (2) money (3) NPR (2) NYDAILYNEWS (1) NYtimes (2) onlinecollege.org (1) pay (7) PBS (1) PhDs (2) planning (1) profanity (1) rat race (1) reading (1) reform (6) Rutgers (1) s (1) scams (7) science (1) Seattle Business News (1) self-designed major (1) self-education (11) statistics (3) success (7) tangential (1) teaching (9) ted talks (1) testing (1) the Consumerist (1) the Nation (1) the Onion (3) the Salon (2) the specials (1) the Week (1) the young turks (1) Tony Cox (1) toothpaste for dinner (2) tourette's (1) truth (1) universities (8) video (10) WAWG (11) Weird Al (1) William Deresiewicz (1) women (1) writing (4) xkcd.com (2)

It's all about me.

My photo
wife. poet. humorist. friend.