Latest Stats on Class of 2010 Show Slight Improvement in Job Market

June 21, 2010 by  
Filed under College Newswire

According to the National Association of Colleges and Employers, only 24.4% of the class of 2010's college grads had jobs upon graduation. Those are not exactly stellar numbers nor a great return on a college education.  However, this is an uptick over last year's job numbers, when only 19.7% of the class of 2009 had jobs upon graduation from college.  Missing from these job statistics are any indication of the quality of the jobs being offered to recent college graduates. I have no data to back this up, but my intuition is that actual hiring for "career oriented jobs" (i.e. those not in retail or restaurant sectors) is flat, with total job numbers up only because more grads are... Read More »

Starting Salaries for Selected College Majors

June 21, 2010 by  
Filed under College Newswire

I take all of the data I see with a huge grain of salt, especially when it comes to average salaries, because gathering  accurate salary data is nearly impossible without access to tax returns.  However, even if the below salary numbers are not accurate, they are likely representative of an overall pattern.  For some number of years, engineers, particularly in the chemical and petroleum sectors have been receiving higher starting salaries than their classmates.  Computer Science majors have also been both highly sought after and well-paid.  As for grads with Business or Marketing degrees, their starting salary may appear to be respectable, but the demand for their services has not been high... Read More »

It’s Time to Get Over Sticker Shock

May 19, 2010 by  
Filed under College Newswire

For the last 10 years or so, private colleges have made huge strides to make college more affordable for middle-class families.  Even though sticker prices may be rising, discounts have been rising along-side.  In 2008, the latest year for which data is available, the average discount rate for first-time, full-time freshman was 42 %.  According to the National Association of College and University Business Officers (NACUBO), the increase in discounts has been driven by the economic downturn.  In their survey of 355 independent institutions, NACUBO found discounts to be at an all-time high.  In our practice, we have observed similar discounts, with some students receiving discounts of 75-100%.  When students are a good fit for the prospective college,... Read More »

Budget Cuts, Huge Tutition Increases at Public Universities

April 13, 2010 by  
Filed under College Newswire

JNES5HNW74N9 At least 39 states have cut assistance to public colleges and universities, resulting in reductions in faculty and staff.  In some states the budget crises created by the recession have created massive problems on campus.  In California, tenured faculty have been asked to take wage cuts and are working up to 21 unpaid days this year.  Further, budget cuts and tuition raises in the University of California system have faced huge resistance from faculty and students.  For the first time in decades, UC campuses have seen student occupation of administrative buildings, student and faculty joint protests and marches, and on-campus rioting. The conflicts are less aggressive at other state universities, but are causing great... Read More »

Scary Stats on Jobs and Young Adults

April 13, 2010 by  
Filed under College Newswire

PEW CENTER SURVEY SHOWS 20% OF 26-YEAR-OLDS LIVING WITH THEIR PARENTS IN 2006, BEFORE RECESSION. CURRENT RATE ESTIMATED AT 35-50%. 10 PERCENT OF ADULTS YOUNGER THAN 35 MOVED IN WITH PARENTS IN LAST YEAR. BUREAU OF LABOR REPORTS THAT 19.4 % OF 25-YEAR-OLDS CURRENTLY... Read More »

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