April 25, 2024

Economix Blog: College Counseling and Job Prospects

Charles Wells, who teaches English as a second language in Atlanta, says he wishes he had chosen a major other than geography.Tami Chappell for The New York Times Charles Wells, who teaches English as a second language in Atlanta, says he wishes he had chosen a major other than geography.

In my article Saturday on the job prospects of recent college graduates, Charles Wells, who got a degree in geography in 2011, says he wishes he had chosen a different major, an issue that seems to comes up every time I talk to students and graduates.

These conversations, surprisingly, lack any reference to advice from career counselors or professors about the majors that employers are interested in. In fact, only one person I’ve interviewed, a young dental assistant featured in an article about men who go into traditionally female-dominated professions, has ever mentioned getting such advice. Kudos to his high school guidance counselor who told him, correctly, that health care fields were a good bet.

And even though students seem much more conscious, in this economy, of their prospects after graduation, there is little evidence that career counselors are helping by making sure they know which college degrees have currency in today’s job market. More than a third of college graduates say they regret their choice of major, as my colleague Catherine Rampell has reported. Yet one career services director interviewed as I researched the article told me that she actually discourages students from thinking too much about the job market, out of concern that they will end up in a career that does not make them happy in the long run.

This is not to say that people should no longer study linguistics, say, or music, or pursue their passion. But it seems reasonable that they should make their choice with their eyes open as to how their résumés will be received. Under 10 percent of graduating college seniors ever talked about their choice of majors with a career counselor, according to a study this year by the National Association of Colleges and Employers. Almost half choose without discussing the matter with anyone on campus.

“If they discuss their choice of major with anyone it is with an academic adviser – someone who will focus on course requirements for the major and perhaps probe the student’s academic interest in the subject but will not likely bring up potential career consequences,” wrote Edwin W. Koc, the director of strategic and foundation research for the association, in an e-mail to me. “Most schools are not currently structured to provide integrated academic/career guidance to students. Only 22 percent of career centers are part of academic affairs and only 28 percent report having a role in academic advising.”

There has been some hand-wringing over a newly approved plan in Oregon, known as Pay It Forward, in which students pay no tuition to attend college but are charged a percentage of their salary afterward. Some have complained that students who earn more will end up paying more. But there’s a corollary to that: maybe colleges will be motivated to make sure their students know which majors are most likely to bring in a paycheck.

“That’s one of the interesting consequences of Pay It Forward, and one that would be of benefit both to the student and the institution,” said John R. Burbank, the executive director of the Economic Opportunity Institute and the originator of concept. “They become, both of them, more purposeful in determining what the student would like to do and making sure they have the skills to do it.”

Article source: http://economix.blogs.nytimes.com/2013/07/22/college-counseling-and-job-prospects/?partner=rss&emc=rss

Economix Blog: Degree Inflation? Jobs That Newly Require B.A.’s

CATHERINE RAMPELL

CATHERINE RAMPELL

Dollars to doughnuts.

Despite the sob stories you hear about unemployed college graduates, bachelor’s degrees have actually gotten more valuable over time. The wage gap between the typical college graduate and those who have completed no more than high school has been growing for the last few decades. In the late 1970s, the median wage was 40 percent higher for college graduates than for people with more than a high school degree; now the wage premium is about 80 percent.

Some of that wage premium has to do with the changing nature of American jobs and the skills (and social networks) attained in college. Some of it may have to do with a change in the mix of students who go to college and those who don’t. As college enrollment becomes more expected of high school students — as of October 2011, 68.3 percent of 2011 high school graduates were enrolled in college — the shrinking group of students forgoing college may have other characteristics that are associated with lower wages.

At the very least it seems as if more employers are using bachelor’s degrees as a signal of drive or talent, regardless of of the relevance of the skills actually learned in college.

That is one implication of an analysis from Burning Glass, a company that analyzes job ads from over 20,000 online sources ranging from major job boards to small and midsize employer sites. The company’s chief executive, Matthew Sigelman, says that employers are increasingly requiring college degrees for positions that did not traditionally require higher education.

I asked his company to compile a list of occupations that have shown the most “up-credentialing” in the last five years — that is, occupations whose job ads were significantly more likely to name college diplomas as a prerequisite in 2012 than they were in 2007.

Here is a look at the 10 occupations with the biggest percentage increases in requiring a college degree.

*2012 data is from Nov. 1, 2011, to Oct 31, 2012

Some of these occupations may actually require more advanced skill sets than they used to. Others may require the same old duties and skills, but employers assume that people who don’t go to college in this day and age must be inferior candidates. There’s also still an oversupply of workers, so employers know they can afford to be picky.

A lot of jobs on this list fall into various categories of logistics. The people at Burning Glass say that college-level technical training, and not just possession of a fancy sheepskin, may be newly important in a lot of these positions.

“Supply chain management has gotten more complex, and companies have started to bring in quantitative expertise into roles like ‘purchasing manager’ that formerly would have been filled face-to-face by someone on the floor,” Mr. Sigelman said.

Many administrative jobs — human resources manager, property manager, school administrator, desktop publisher, security manager — also appear on the full list.

These tend to be jobs that require fewer technical skills, so it’s not clear why a college-level education would suddenly become more important — except maybe as a sorting device for narrowing down the deluge of résumés to the most qualified (or overqualified) applicants.

In most of these administrative occupations, hiring has fallen over the last few years, as you can see in the columns further to the right showing the total number of jobs posted. That could also mean that the openings that are left — the ones that have been harder to fill even when workers are abundant — are disproportionately the ones actually do require more advanced skill sets.

For other categories of jobs, it’s harder to tell whether the “up-credentialing” reflects changing job duties or mere degree inflation.

A lot of the jobs listed are medical technician positions, for example, which typically require some kind of technical skills that can be achieved with postsecondary schooling like an associate’s degree or a certification of some kind. It’s unclear whether these jobs have gotten more technically sophisticated in the last five years, or whether employers just want to narrow down the pool of potential applicants to those perceived to be more ambitious.

Article source: http://economix.blogs.nytimes.com/2012/12/04/degree-inflation-jobs-that-newly-require-b-a-s/?partner=rss&emc=rss

Media Decoder: Tablet and E-Reader Sales Soar

Tablets at a Best Buy store in Framingham, Massachusetts.Adam Hunger/ReutersTablets at a Best Buy store in Framingham, Massachusetts.

There was no must-have toy of Christmas 2011 — for youngsters, anyway.

For adults, tablet computers and e-readers were the gifts of choice, judging by a new report that indicates the number of adults in the United States who own tablets and e-readers nearly doubled from mid-December to early January.

The report, which is expected to be released on Monday, confirms what book publishers say they have experienced in the last few weeks: a big jump in e-book sales after the holidays. A similar e-book boom came immediately after Christmas 2010.

The report, from the Pew Research Center’s Internet and American Life Project, found that the share of adults who owned tablet computers increased to 19 percent from 10 percent, with the same increase for adults who owned e-readers.

That was a sharp change from the period covering the middle of 2011 into the autumn, when the ownership of tablets and e-readers barely budged, the report said.

The increased ownership of tablets was especially pronounced among highly educated people with household incomes of more than $75,000. Almost one-third of people with college degrees now own tablet computers, the report said.

Women were heavier buyers of e-readers than men, a finding consistent with surveys that indicate women tend to buy more books than men.

The survey was conducted in November and December with 2,986 people aged 16 and older. Then, in January, Pew surveyed 2,008 adults 18 and older. Both surveys have a margin of sampling error of plus or minus two percentage points.

The holiday season spawned a huge marketing and advertising push for the Nook Tablet, Barnes Noble’s latest color device, and the Kindle Fire from Amazon. While many consumers bought the costlier Apple iPad at $500, tablets from Barnes Noble and Amazon cost less than $250, a more tempting price for a Christmas gift. Some black-and-white e-readers cost less than $100.

“Publishers are putting a lot of effort into e-books; apps developers are cranking out more and more tools for tablets; libraries and tech companies are making e-books easier to borrow,” Lee Rainie, director of the Internet and American Life Project, said in an e-mail. “So the ecosystem of these devices is making them more valuable.”

Article source: http://feeds.nytimes.com/click.phdo?i=c1f0b9e840526ce41702e7460135c3e7

Economix: A Decade Makes All the Difference

A couple of weeks back I wrote about the job market for recent college grads, based in part on data from the labor economist Andrew Sum.

Professor Sum has updated his calculations on young grads’ employment patterns. His figures now include data for October 2010 through March 2011, the most recent six-month period for which numbers are available.

He found that during this period, 74.4 percent of college graduates under age 25 had jobs. Of this same demographic group, 45.9 percent had jobs that actually required a college degree. The rest of this group were in lower-skilled jobs like bar tending or waiting on tables; pounding the pavement looking for work; or out of the labor force altogether, perhaps because they were back in school.

Lest you think such low employment rates are due to this generation’s laziness, take a look at what the employment numbers were like exactly a decade ago for under-25 college grads (who are technically members of the same generation):

DESCRIPTIONAndrew Sum; Bureau of Labor Statistics

As you can see, a higher share of college graduates under age 25 were employed in 2000 than in 2010 — 81 percent versus 74.4 percent. And a higher share of this demographic was employed in jobs that required college degrees a decade ago than last year — 59.7 percent versus 45.8 percent.

The mix of jobs for these young workers has a big effect on pay, since positions that require bachelor’s degrees generally pay better. That college premium has also gotten bigger in the last decade. While the median earnings of college grads in high-skilled jobs have risen in the last 10 years, the median earnings of college grads in lower-skilled jobs fell.

DESCRIPTIONSource: Andrew Sum; Bureau of Labor Statistics Numbers for 2010 refer to January through October of that year.

The damage this recession will do to these young people may be permanent, too. Starting one’s career in a lower-quality job or one with low pay places workers on a worse pay trajectory for years to come, as research from Columbia’s Till von Wachter (among others) has shown.

Article source: http://feeds.nytimes.com/click.phdo?i=bfb735bdc1ae6eeb03fa8721394de6c3