College: Big Investment, Paltry Return Business Weekly By: Francesca Di Meglio
Where can your Bachelors take you • The current college graduates are facing unemployment. (Snyder, 2010) • They are either taking jobs that they are over qualified for, or working for less money
Where can your Bachelors take you cont…. • They are also making less then the previous college graduates of 2008. (Gerdes, 2009) • It is also taking many college graduate longer to making more than a high school graduate, due to the college loan.(Meglio, 2010)
Comparing the value of a degree…. In 2000 In 2010 One million five hundred thousand earned their bachelors degree. (Gerdes, 2009) Positions are college mandatory. Roughly one million eight hundred thousand degree holders are unemployed (Gerdes, 2009) • One million people earned their bachelors degree. • Many positions are “college preferred” (Wyatt, 2003) • Only eleven percent of the college population was unemployed. (Wyatt, 2003)
The social influence has impacted the job market. It has become more of the social norm to go to college and receive an education. What will happen in the next 10 years in education and the job market. Looking into the psychology
Ten years from now • The goal of the US president Barak Obama is to push the American percent of college graduates from 40% to 60% in 2020. (Cunnane, 2010)
Ten Years from now cont…. Employers are going to be looking into what sets these college graduates apart. More internships and Graduate degrees will be part of the social norm. • Which could alter the effects on the job market.
Work Cited Cunnane, S. (2010, August 19). Times Higher Education. Retrieved October 21, 2010, from Produce eight million extra US graduates by 2010? Yes we can: http://www.timehighereducation.co.uk/story.asp?storycode=413098 Gerdes, L. (2009, April 8). Most 2009 College Grads find Lower Salary Offers. Retrieved October 20, 2010, from Bloomberg Businessweek: http://www.businessweek.com/print/bschools/content/apr2009/bs2009048_818137.htm Meglio, F. D. (2010, June 28). College: Big Investment, Paltry Return. Retrieved October 20, 2010, from Bloomberg Businessweek: http://www.bsinessweek.com/print/bschools/content/jun2010/bs20100618_385280.htm Snyder, M. (2010, May 27). Business Insider. Retrieved October 21, 2010, from Welcome to the Real World 2010 College Graduates Nobody wants to Hires You: http://www.businessinsider.com/welcome-to-the-real-world-2010-college-graduates--nobody-wants-to-hire-you-2010-5 Wyatt, A. D. (2003). College at work: Outlook and earnings for college graduates, 2000-2010. Occupational Outlook Quarterly , 3-15.