This weekend is commencement at my college, Occidental, and I thought it the perfect day to post new data on the job experiences of recent graduates. The data, a survey of 444 people in who graduated between 2007 and 2011, comes from a report out of Rutgers.
Just over half of the sample had a full-time job; 12% were un- or underemployed and looking for full-time work.
The recession appears to have depressed earnings by about $3,000. Pre-recession grads were making, on average, $30,000, while post-recession grads took in $27,000:
A third of students (35%) reported that their first job out of college was “not at all related” or “not very closely related” to their major. Almost half saw their first job as temporary and just “to get you by” (though this would drop to 36% when asked about their current job). Only half thought that their first job required a college degree.
A significant proportion of students felt that they’d had to sacrifice something important to secure their job: 27% reported that they were working below their level of education, 24% took a job that paid less than they expected to earn, and 23% were working outside of their interests and training:
Many graduates would have done things differently. Notably a third said they would have re-thought their choice of major:
And most of them would have been more likely to have chosen a professional major (e.g., education or nursing) or one in a “STEM” field (e.g., science, technology, engineering, or math).
Recession-era grads are much more likely to be getting help from their parents, compared to pre-recession grads:
Lisa Wade, PhD is an Associate Professor at Tulane University. She is the author of American Hookup, a book about college sexual culture; a textbook about gender; and a forthcoming introductory text: Terrible Magnificent Sociology. You can follow her on Twitter and Instagram.
Comments 9
Al Mond — May 20, 2012
It's a very interesting study. It's too bad we can't see what answers correspond to which degree : for instance, majors in social science or humanities wishing they had chosen a professional major in education or social work.
decius — May 20, 2012
Hey, at least 1/4 of the class got a job at their level of education, within their field of interest and education, AND didn't make a LOT less than they were expecting; If those three factors correlate with each other, even more people got those three conditions satisfied.
I also find it interesting that 'military' is a category exclusive of all others. What is the reasoning behind calling a nuclear reactor operator 'employed, full time' if they work for a utility, 'attending graduate school, working part or full time' if they work for a academic school while studying there, and 'military' if they work on a submarine?
We knew that college applicants were being misinformed about the results of college. Why are we now lamenting the fact that their decisions did not have the outcomes that they expected? Why don't we change the decisions which led to this generation of graduates?
hopeless shade — May 20, 2012
What was unnerving for me was the graph at the end that divided up all the things that, as a responsible adult, I should be able to cover myself, but as an unemployed college graduate trying to get into grad school, my parents are covering for me.
I said to myself, "oh, they're just covering my rent, I'm okay." and then I read down and realized, oh, my phone's still on the family plan. Oh, since I literally ate through my savings, I use their credit card at the grocery store. Oh, I developed an incurable disease and all its meds are on their healthcare plan.
I know that being financially supported is an untenable thing to complain about, but this is not how I wanted things to be...
Owly — May 20, 2012
Public health is the love of my life, but since I haven't taken statistics no graduate school will have me. All I'm qualified to do is microbiology. I really identify with the students who wish they had taken more classes.
ginandtacos.com » Blog Archive » HELD BACK — May 20, 2012
[...] consequences. New data is showing what we already know to be the case, at least intuitively: pre-Great Recession college graduates found jobs more quickly and earned more when compared to post-GR graduates. With voluntary exits from the workforce slowing to a trickle, [...]
Jari Piper — May 21, 2012
I just graduated college this spring. I am so glad I am going to grad school this fall, because, while I am debt-free, I am now living with my grandfather and unable to find a job applying at every business in town.
Ali Diercks — May 23, 2012
I have a BA and JD from a great Big 10 school and I'm working in a position that doesn't even require a Bachelor's. I live with my parents, who also feed me. I fit all three of these categories: Work below my education level, earning a LOT less than I expected to (I didn't expect to make a grand salary, but $22,000 is pretty bad, especially with my debt load), outside of my interests and education. On top of that, I live in one of the most impoverished counties in my state, so my surroundings aren't exactly rosy.
The malaise is crushing.
James Jordan — July 26, 2023
I enjoyed reading the profiles of the pre-recession and recession-era graduates and how they coped with the economic downturn and its aftermath. I think it’s fascinating to see how different generations faced different challenges and opportunities.
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