2. Introduction
0 Educational Investment model – prospective students weigh
the costs and benefits against the returns of a college
education
0 Students who were exposed to information about college
were 25% more likely to enter into and stay in college
0 Increased scrutiny of the value of a college degree
0 Institutions have used data on graduate employment for
admissions, development and public relations
0 Previous alumni survey model is problematic
3. Materials and Methods
0 Submitted a list of Social Security numbers of Capital
graduates years 1993 – 2013 to Ohio Department of Job and
Family Services (ODJFS)
0 Tracked alumni (through SSN) in the ODJFS Unemployment
Insurance (UI) Database
0 Received information listing every time a person with a SSN
number belonging to Capital alumni was employed at a UI
cover job in the state of Ohio
4. ODJFS Limits
0 ODJFS data cover:
0 Anyone working at a UI covered job in Ohio during the
period sampled (past 6 fiscal quarters)
0 Covers all employment (not just primary)
0 ODJFS data does not cover
0 Out of state or international employment
0 Self-employment
0 Employment with an organization that is not UI covered
5. Making Sense of Employment Data
0 By subtotaling by SSN number, we calculated the total
monthly wages for each student to reflect overall wages (in
cases where one person held multiple times over the period
surveyed)
0 Calculated monthly averages and used NAICS Sector codes
to gain information about where graduates are employed
0 Created summary graphics for each department to compare
outcomes by major
6.
7. 1993 Average
N=5
2000 Average
N=10
2007 Average
N=21
2013 Average
N=25
$4,232 $5,002 $2,700 $938
NAICS Sector Code % of Grads – 1993-2013
Sector 62 – Health Care and
Social Assistance
38%
Sector 61 – Educational
Services
17%
Sector 44 – Retail Trade 9%
Most Common Employment Sectors for Biology
Biology Average Monthly Wages
8. How much can this data tell us in
isolation?
0 It is difficult to draw meaningful conclusions from this data
without comparing to broader labor market information
0 Georgetown University’s Center on Education and the
Workforce used the 2009 American Community survey to
gather data on employment and wages of individuals
holding a bachelor’s degree
0 Provides yearly median of academic discipline group
10. Part II
0 Ohio LMI database
0 Provides us yearly statewide averages based on NAICS
sector for 2012-2013
0 Includes workers with all educational levels
12. Conclusions & Limitations
0 Averages for Capital graduates are generally higher
across all NAICS sectors when compared to other Ohio
workers
0 Ohio Labor Market Information (LMI) does not control
for education level, which has a well noted effect on
wages
0 Capital graduate medians are lower than national
medians for academic major groups
0 No control for variance of cost of living nationally vs. in
Ohio
Editor's Notes
As students consider attending college, both literal (tuition etc) and perceived costs of a college education (time lost while in college). Researches commonly use the basic investment model to discuss the undergraduate decisions they need to make.
Economic information included in the study included financial aid/scholarship info, walk through the FAFSA and info about outcomes of college graduates (in wages)
The market has become more saturated with people with bachelors degrees, watering down the value of the degree… College becomes more expensive and the labor market more competitive calling into question the wavering value of a college degree
Employment data can serve multiple functions in a university… Proving their value to prospective students
Typically pull alumni wage information from self report sent out survey… But these are problematic for many reasons. You have to send them out… self report studies are often not accurate? People over inflate their own earnings, eel the need to lie about their success… Response rate is typically v low
Provided a “where are you now” picture of alumni… For example… If it is a 1993 graduate, the data shows not it’s employment from 1993 but their employment now. This allows us to see how Capital graduate progress through the work force a certain # of years after graduation
After sending in a list of SSN for capital graduates in the years sampled, we got hits for every time a person with a listed social security number was employed in a UI covered job in the state of Ohio
There are multiple limitations, data is coded different;y
