It is common knowledge that earning a postsecondary credential, particularly in a high-skill, high-wage, in-demand industry, can help learners land good jobs. But how do learners get there? New research sheds light on the different pathways learners take to get to a good job and the economic returns of credential attainment.
$224 million a year. That’s how much more money the most recent cohort of graduates from Tennessee public colleges and universities can expect to make every year compared to non-credential holders. That figure comes from a new report published by the Tennessee Department of Economic and Community Development in June. The report attributes much of the wage gains to the impact of community and technical colleges across Tennessee.
While a postsecondary credential pays a premium for graduates, many learners work through college. In fact, according to a new brief from the National Center for Education Statistics, 32 percent of students at public 2-year colleges worked full-time while enrolled in the 2011-12 school year. The study also finds that students were more likely to complete a degree if they worked 20 hours or less a week compared to students who worked full time or did not work at all. The study did not say whether or not these students were working in fields related to their program of study, however.
Learners can start working on their postsecondary credential even before they graduate high school. New research from the University of Texas system shows just how much of an impact dual enrollment has for Texas students. According to the study, dual credit students had higher college graduation rates and higher GPAs than their peers. And students who entered the University of Texas system with credits from both Advanced Placement and dual credit classes were five times as likely as their peers to graduate in four years.
Yet learners often do not complete their credential at their initial institution. According to the National Student Clearinghouse Research Center, 38 percent – or 1,069,243 students – in the fall 2011 cohort transferred within six years. The study also revealed this startling statistic: only 5.6 percent of transfers from two-year colleges leave with a certificate or associate degree.
Postsecondary credentials reinforce the technical and academic skills learners will exercise in their future careers. But employers often look for candidates with a more rounded skill set that can only be learned through experience. A new survey from Bloomberg Next finds that 43 percent of employers say new recruits lack the soft skills to be effective, skills like teamwork, critical thinking and adaptability.
One way to build these skills is through work-based learning experiences like internships and apprenticeships. Adults in the U.S. are increasingly recognizing the value of apprenticeships. The American Staffing Association reports that 94 percent of Americans say that apprenticeships are helpful in leading to a new career and 62 percent even think apprenticeships make people more employable than going to college.
At any rate, learners have multiple pathways to lifelong career success – be it through an apprenticeship, a two-year college or a four-year university – and should be empowered to choose the path that is right for them.
Austin Estes, Senior Policy Associate
Tags: Apprenticeships, Credentials of Value, dual enrollment, return on investment, work-based learning