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Higher Education: Building Connecticut’s Workforce

Higher Education: Building Connecticut’s Workforce. Presentation to the Board of Governors for Higher Education April 22, 2009. Overall Employment Rate. 70% were employed in CT nine months after graduation (12,478 of 17,928) Percentages varied somewhat across the system:

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Higher Education: Building Connecticut’s Workforce

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  1. Higher Education:Building Connecticut’s Workforce Presentation to the Board of Governors for Higher Education April 22, 2009

  2. Overall Employment Rate • 70% were employed in CT nine months after graduation (12,478 of 17,928) • Percentages varied somewhat across the system: • Connecticut State University - 78% • Community Colleges – 77% • University of Connecticut – 60% • Charter Oak State College – 31%, but 81% for graduates who were CT residents • Women had a higher rate of employment than men – 72% compared to 66%

  3. Average Wages • Graduates are realizing the financial rewards of high educational attainment • Employed graduates earned an average of $40,000+ • Those working in Utilities had the highest - $82,000+ • Some differences among units: • UConn $44,000 • CSU $39,676 • CCCs $38,000 • COSC $54,364

  4. Employment by Top Industry Sector

  5. Percent Employed by Industry Sector

  6. Employment by Program of Study • Employment rates ranged from a high of 81% (Public Admin.) to a low of 48% (Philosophy, Agri-business and Physical Sciences)

  7. Employed Graduates by Program and Industry • Where graduates with particular majors end up finding employment • For example: • 37% of Business graduates were working in either Finance and Insurance or Professional & Technical Services • Over 50% of Liberal Arts majors were clustered in Health Care, Retail Trade and Education • 72% of Health Professions & Related Sciences were indeed working in Health Care • Information will assist institutions with accreditation and program evaluation needs (See table on page 3 of report for a complete breakdown)

  8. Prospects for the Future • Longer term trend analysis, particularly given state of the economy • Tracking cohort retention over longer time periods • Looking at CT residents versus non-resident graduates • Gaining access to federal/other state’s unemployment records • Development of data on actual occupations?

  9. About This Report: • Summarizes employment experience of 2007 public college graduates • Graduate records are matched with wage records in Unemployment Insurance files • Made possible by a data exchange agreement brokered by DHE in 2001 between higher education and the CT Department of Labor Department • Reflects employment in CT only • New this year - cross-tabulations by program of study and industry employed

  10. Special Thanks To: • Patricia Mayfield, Commissioner, DOL • Roger Therrien, Director of Research, DOL • Dana Placzek, Research Analyst, DOL • Cynthia DeLisa, Research Analyst, DOL • Lynne Little, Executive Assistant, DHE

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