Career Learning for Adult Self-Sufficiency (CLASS)

Expectations: Recent College Graduates Struggle in a Troubled Economy

Posted by Maisha Meminger - On June 08, 2011 (EST)

Fifty-three percent of the graduates in the survey are working full time, and 21 percent are attending graduate or professional school. Fourteen percent are either unemployed (7%) or employed part time and looking for full-time work (7%). The median salary of all employed recent graduates in their first full-time job after finishing school is $30,000. College graduates who obtained their first job during the recession in 2009-10 suffered a 10% "penalty" in reduced starting salaries compared to those who entered the workforce in 2006 and 2007. The survey also shows that half of all recent graduates are working in jobs that did not require a B.A. or B.S. degree. Yet, 62% believe they will need even more formal education if they are to be successful in their chosen career.

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Modified On : June 08, 2011
Type : Web Link
Downloads : 313
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In Relation : Graduation for All

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