How many college degrees go unused?

Interestingly, 38.6% said they weren't using their degree in their current profession. And 16.6% said they'd dropped out of college before obtaining their degree.

Are college degrees becoming obsolete?

Some companies are already well on their way there. Fortune 500 companies including Google, IBM, and Apple, have eschewed their longstanding degree requirements. It shows: In November 2022, just 41% of U.S.-based job postings required a bachelor's degree, per an analysis from think tank Burning Glass Institute.

Are roughly 53% of recent graduates unemployed or underemployed?

The fact is that approximately 53% of college graduates are unemployed or working in a job that doesn't require a bachelor's degree. It takes the average college graduate three to six months to secure employment after graduation. A student benefits from having a career-seeking strategy and previous work experiences.

Are college degrees losing value?

College seemed like a reliable runway to a life of comfort and affluence. A decade later, Americans' feelings about higher education have turned sharply negative. The percentage of young adults who said that a college degree is very important fell to 41 percent from 74 percent.

Are degrees useful anymore?

College graduates still earn higher wages and have lower unemployment rates than workers with only a high school diploma. However, industries that don't require a bachelor's degree, like manufacturing, construction and hospitality, often pay well and see steady economic demand.

Bachelor's Degree Tier List 2023 (Ranking Top 100 Bachelor Degrees)

Does Elon Musk have a degree?

Musk attended Queen's University in Kingston, Ontario, and in 1992 he transferred to the University of Pennsylvania, Philadelphia, where he received bachelor's degrees in physics and economics in 1997.

Why degrees don t matter anymore?

A degree requirement eliminates a significant swath of the American population from jobs “at a time when employers [already] struggle to find talent,” the study's authors noted. Based on current trends, they projected 1.4 million jobs could open up to workers without college degrees in the next five years.

What percentage of US citizens have college degrees?

In the Census Bureau's most recent 2022 findings, the percentage of people with a bachelor's degree or higher remained stable from the previous year at around 37.7%. Americans are still prioritizing college and doing so in record numbers.

Is college becoming less popular?

College enrollment among young Americans has been declining gradually over the past decade. In 2022, the total number of 18- to 24-year-olds enrolled in college was down by approximately 1.2 million from its peak in 2011. Most of the decline is due to fewer young men pursuing college.

Is college still worth it 2023?

So it's pretty clear. The big picture: a college degree still offers a strong return on investment for most people. It's a shot at better jobs, more money, and a happier, longer life. Of course, the upfront costs are still a major challenge.

What percentage of college graduates have no jobs?

U.S. unemployment rate of recent graduates 2016-2023

In September 2023, about 4.4 percent of recent college graduates were unemployed in the United States. This was a significant decrease from September 2020, when the unemployment rate among recent college graduates was at nine percent.

Which age group is most likely to be underemployed?

Those aged 18 to 29 are more than twice as likely as those in any other age group to be underemployed. Additionally, while the unemployment rate among young adults in April is unchanged year over year, the underemployment rate has increased.

What percentage of college graduates get a job?

If you're nearing graduation and wondering, “What percentage of college students get a job after they graduate?” then the good news is that 72.3% of all college graduates in the U.S. are employed. Having a degree is a distinguishing factor when applying for a job.

Why is not having a college degree bad?

Limits the scope of work opportunities available: In many ways, not getting a college degree doesn't limit a person's work opportunities. However, specific careers in areas like law, healthcare, finance, business development and leadership areas may require that applicants have college degrees.

Is college becoming irrelevant?

The good news is that the degree's fading signal may be accelerating in an era where the shelf life of skills is shrinking, and the jobs of the future require learners to re- and upskill throughout their lives to remain economically relevant—and employed.

Is college in decline?

Today, fewer people are going to college than in recent years. In 2021, 15.4 million students were enrolled in an undergraduate degree program. That's the lowest fall enrollment since 2006. The NSCRC estimates that even fewer undergraduates were enrolled in spring 2023, just 14.1 million students.

What is the number one reason people don't go to college?

College costs are the No. 1 barrier to enrolling in higher education, according to a report out Wednesday from Gallup and the Lumina Foundation.

How many Americans don't go to college?

How many people don't go to college? In 2021, roughly 62% of people ages 18-24 were not enrolled in college. According to the Census Bureau's population estimates, that's about 19.3 million people.

Why are fewer Americans going to college?

College enrollment has declined over the last decade. It comes amid higher education affordability issues and a surging student-debt crisis. Today's hot labor market and campus politics may also have contributed to the drop.

What is the #1 educated state?

Massachusetts is the most educated state in America, with 46.6% of its population aged 25 and above holding a bachelor's degree or higher. Moreover, close to one-thirds of its youth in the age group of 18-24 years have completed some college or associate's degree.

What is the most educated race in the United States?

Asian Americans had the highest educational attainment of any race, followed by whites who had a higher percentage of high school graduates but a lower percentage of college graduates. Persons identifying as Hispanic or Latino, without regard to race, had the lowest educational attainment.

What race has the most college degrees in the US?

College degrees are increasing among all racial and ethnic groups, but white and Asian Americans are far more likely to hold a college degree or earn one than Black, Hispanic or Native Americans. Earning a college degree involves two steps: starting college and finishing college.

What is the hardest job to get a degree in?

What is the hardest thing to get a degree in?

The hardest degree subjects are Aerospace Engineering, Law, Chartered Accountancy, Architecture, Chemistry, Medicine, Pharmacy, Psychology, Statistics, Nursing, Physics, Astrophysics, Biomedical Engineering, Astronomy, and Dentistry. Let's dive right in, and look at why these courses are the hardest degree subjects.

Do bachelor degrees mean anything anymore?

Bachelor's degree holders generally earn 75% more than those with just a high school diploma, according to “The College Payoff,” a report from the Georgetown University Center on Education and the Workforce — and the higher the level of educational attainment, the larger the payoff.