March 5, 2013
Higher education proves to be strong investment in down economy
By Jordanne Batten, University Relations graduate assistant
The newest research from Pew’s Economic Mobility Project titled, “How Much Protection Does a College Degree Afford? The Impact of the Recession on Recent College Graduates,” reveals a four-year college degree helps in providing graduates with security from poor employment outcomes, including unemployment, low-skill jobs and lesser wages during the recent recession.
An analysis of the research, conducted by David B. Grusky, Beth Red Bird, Natassia Rodriguez and Christopher Wimer of the Stanford Center on Poverty and Inequality, reveals that post-secondary education is key for protection in the labor market.
The analysis revealed the following statistics:
- Although all 21- to 24-year-olds experienced declines in employment and wages during the recession, the decline was considerably more severe for those with only high school or associate degrees.
- Job losses during the recession made existing employment gaps even worse. The employment declines for people with high school and associate degrees were 16 and 11 percent, respectively, compared with 7 percent for people with a bachelor’s degree.
- The share of non-working graduates seeking further education did not markedly change during the recession.
With an outstanding post-graduation employment rate of 95 percent, Northwest Missouri State University is constantly assessing market trends and interfacing with employers to adapt the curriculum, making certain that Northwest students’ education is contemporary and matches or exceeds the needs of the current marketplace.
Joan Schneider, director of Career Services, explains what Northwest students can expect versus their peers who earn a degree elsewhere, or not at all.
“Our post-graduation placement rate is a direct reflection of the quality of recruitment we do, the type of student that we admit, the quality of our academic programs, the wonderful support systems that we have built in to the University as a whole, and our faculty’s encouragement that students try on their majors, through internships or experiential learning activities of some sort,” Schneider said. “All of that culminates into a student that is well-rounded and can expect a successful future.”
Northwest begins helping its students achieve success with recruitment and enrollment, and the University continues to work with them throughout their experience at Northwest by constantly providing assistance and opportunities to prepare for their futures. Career Services also hosts annual event such as Career Day and Mock Interview Day that give students opportunities to meet with all kinds of employers and graduate school program representatives to discuss internship and full-time employment as well as gain interviewing experience by meeting face-to-face with real employers. Northwest continues to provide job search and placement assistance post-graduation until the student is satisfied with their chosen career or secondary education.
“Financial security is greater with any education, but because of the way that Northwest curriculum is designed, students not only receive an education, but also gain life and world experiences as well,” Schneider said.
For more information, please contact:
Mark Hornickel, Media Relations Specialist
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Northwest Missouri State University
215 Administration Building | 800 University Drive | Maryville, MO 64468