News Item
Enrollment Management Report featured Lubin's Larry Chiagouris study in "Report reveals millennial graduates’ satisfaction with college investment, careers"
There’s a popular narrative that college is not worth the time and money. Even a Gates Foundation initiative is examining the value of higher education, said Larry Chiagouris, a Professor in the Lubin School of Business at Pace University and author of The Secret to Getting a Job After College. But how do recent graduates feel about the investment they made, especially as it relates to their career?
That answer could impact recruitment and retention of current students.
Chiagouris recently released his first of several reports based on a survey of millennials and their perceptions of their college experiences. The first part of The Millennial College Graduate Report compares the views of older and younger members of the generation. Online survey results from 1,023 graduates ages 25 to 35 were divided into younger and older cohorts.
The survey showed that most students thought college was a good investment. Many graduates, however, admitted to not making full use of the career services offered to them and wished they had done more in that area.
Key findings in the report include:
Among all millennials, 62% would recommend the college where they earned their degree to friends and colleagues, with younger millennials slightly more likely to do so.
Nearly 70% believed their college prepared them for employment, but about the same proportion wish their college did more to encourage them to plan for employment opportunities after graduation.
A sizeable minority (31% of younger and about 24% of older millennials) believed their college overpromised and underdelivered in terms of how much they would learn.
About 40% admitted to not fully utilizing career services offered, and nearly half admitted to not doing enough career planning.
Older millennials were more likely to believe college was not a good use of their time (34%, compared with about 27%) and money (43%, compared with about 35%).
Read the Enrollment Management Report article on Page 9 (PDF).
