Private College Initiative Provides Salary, Employment Data
(photo courtesy: Olia Danilovich/Pexels)
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndependent Colleges of Indiana has announced an initiative with the U.S. Census Bureau that it says provides the most comprehensive private college alumni salary and employment data to date. The organization says the data will give aspiring college students key information about the long-term value of prospective undergraduate degrees.
“Prospective college students and their families are constantly looking for information that demonstrates the return on investment of a college education,” ICI President David Wantz said. “Collecting accurate employment and salary statistics for our graduates has proven to be a challenge, relying as it does on self-report. This new study provides the most transparent, reliable information to date about the long-term value of a college education.”
The initiative tracked the salary and employment information of alumni graduating between fall 2012 through December 2015 from 19 member institutions. The results showcase 1-year and 5-year post-graduation salary and employment data.
Some of the key findings include a graduate’s starting salary potential is influenced by the choice of a particular major. The data indicates alumni with bachelor’s degrees in computer and information science, engineering, and health professions tend to earn the highest initial salaries.
Additionally, data shows that students in the social sciences, humanities, and physical sciences also see significant returns on their degrees. Those returns tend to occur later in their careers.
According to the data, “significant numbers” of graduates from Indiana’s private colleges contribute to healthcare and social services. Over a quarter of all ICI alumni employed 1-year after graduation are in the health sector.
You can connect to more data by clicking here.