From individual earnings to job satisfaction, the gap is widening between college grads and their peers with less education, according to the findings of the Pew Research Center released on Feb. 11. The report, The Rising Cost of Not Going to College, also found college graduates have regrets about whether they could have prepared even more for the job market.
The money difference
The report’s findings are based on it’s own survey and analysis of economic data from the U.S. Census Bureau.
“The economic analysis finds that Millennial college graduates ages 25 to 32 who are working full time earn more annually—about $17,500 more—than employed young adults holding only a high school diploma. The pay gap was significantly smaller in previous generations.”
The college regrets
College graduate regrets are based on what they would have, could have and should have done to better prepare for their ideal job. These are four things many would have changed:
- Chose a different major
- Gained more work experience in their field
- Studied harder
- Began job search earlier
Lesson for college-bound
To further maximize the value of their college degree, the college-bound must be committed and vested in college prep. When they arrive on campus, students should have these four things mastered:
- Ability to make good decisions
- Thorough knowledge of on and off-campus opportunities
- Time management and study skills
- A resume and good networking skills to update with experience from college classes, internships, jobs and clubs
College advisors may also assist students and watch the video to see how a College Career Center may help them achieve their college and career goals.
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