GITNUX MARKETDATA REPORT 2024

College Graduate Employment Statistics [Fresh Research]

In this post, we explore the landscape of college graduate employment through a collection of key statistics. From job offers and wages to unemployment rates and industry trends, these data points shed light on the realities faced by recent graduates entering the workforce.

Statistic 1

"Graduates in engineering and computer science have the highest rates of job offers, at over 60%."

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Statistic 2

"The median annual wage for bachelor’s degree holders working full-time is $78,000."

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Statistic 3

"The lifetime earnings gap between college graduates and high-school graduates is over $900,000."

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Statistic 4

"The unemployment rate for college graduates is 3.8%."

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Statistic 5

"College graduates with a STEM degree have an average unemployment rate of 2.5%."

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Statistic 6

"College graduates in the northeast have the highest employment rate at 89%."

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Statistic 7

"72% of college graduates state that their job is directly related to their major."

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Statistic 8

"52% of job seekers with a bachelor's degree are employed full-time."

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Statistic 9

"96% of employers say they would be more likely to hire a new graduate if they had completed an internship."

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Statistic 10

"70% of employers value work experience over a college degree."

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Statistic 11

"The average starting salary for recent college graduates is $55,260."

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Statistic 12

"61% of college graduates use LinkedIn as their primary job search tool."

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Statistic 13

"67% of college graduates stay in their first job for more than a year."

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Statistic 14

"The employment rate for recent college graduates is 86%."

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Statistic 15

"College graduates with liberal arts degrees have a median wage of $52,000."

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Statistic 16

"The top three industries hiring college graduates are healthcare, technology, and financial services."

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Statistic 17

"8% of college graduates go on to start their own businesses within 10 years of graduating."

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Statistic 18

"85% of graduates with a business degree secure employment within six months of graduation."

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Statistic 19

"41% of recent college graduates are underemployed, working in jobs that do not require a degree."

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Statistic 20

"32% of recent college graduates consider themselves to be underemployed."

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In conclusion, the statistics on college graduate employment paint a diverse and dynamic picture of the current landscape. Graduates in engineering and computer science are in high demand, with strong job offer rates, high wages, and low unemployment rates. It is evident that obtaining a college degree leads to significantly higher earning potential over a lifetime compared to high school graduates. The importance of internships, work experience, and job relevance to one’s major cannot be overstated in enhancing employability. While the majority of college graduates secure employment, a notable percentage still face underemployment challenges. Overall, the data underscores the value of pursuing higher education while also emphasizing the need for practical experience and alignment with industry demands in order to optimize career outcomes in today’s competitive job market.

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