Sunday, June 26, 2011

The path(s) to . . . somewhere

Long gone are the days when a college degree meant automatic entry into a full-time career.  The John J. Heldrich Center for Workforce Development at Rutgers University recently examined the employment experience of recent college graduates, and confirmed that young people who have had the misfortune to graduate from four-year colleges in 2009 and 2010 face a significantly more challenging job market than their peers who graduated in 2006 to 2008, before the recession.  As the study (PDF) found, median starting salary for this recent group of graduates has dropped by 10% to $27,000; just half took jobs that required a four-year college degree; 3 in 10 said their first post-college job had them working below what they perceived as their skill level; around 25% reported that their first job was the beginning of what they hoped would be their career; and 62% believe they will need more formal education if they are to be successful in their chosen careers.

The New York Times today profiled a number of the nearly 2 million "mal-employed" recent graduates who are juggling lower-level, multiple jobs to survive.   

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