Thursday, March 14, 2024

Most US graduates who start their first job underemployed can't find college-level jobs 10 years later: report

The Business Insider reports:

Your first job after college is crucial to the next 10 years of your career and salary, according to a new joint report by two research firms.

Bachelor's degree holders in the US who finish their first working year while underemployed — in a job that doesn't require their full skills, education, or availability — usually end up staying underemployed. This is according to a report published on Thursday by the Strada Education Foundation and employment data research firm Burning Glass Institute.

Around 73% of those who don't get college-level jobs in their first year after graduation end up stuck in underemployment 10 years later, the report said.

Meanwhile, 79% of those who clinch a college-level job in their first year of work continue to stay underemployed by the 10-year mark, it added.

"The first job in graduation is critical," the researchers wrote. "Graduates who start out in a college-level job rarely slide into underemployment."


Going to college in 2024 is a major risk!

Should the U.S. Department of Education tell student loan borrowers this before handing out the loans?