2018 College Track Social Mobility Report 2018 Social Mobility Report - Page 3

Every year, we survey our college graduates to test our belief that a bachelor’s degree is the gateway to a successful career, economic security and unlocking one’s full potential. In conversations with our graduates, we often hear affirming stories like Miriam’s: “Compared to my parents, my husband and I have a more flexible lifestyle that allow us to be financially and socially independent. We have a say in terms of what careers we want to pursue and can travel to other countries as much as we want. To a certain degree, my parents still live paycheck to paycheck and have very little money for leisure or savings.” -Miriam, 2001 UC Berkeley graduate Is Miriam’s experience representative of all our college graduates? Building on last year’s ​report​, we continue investigating absolute measures of social mobility such as employment, income and feelings of economic security immediately after college. This year we incorporated a relative measure to refine our definition of upward social mobility: earning more than your parents do now. We also surveyed our students later in their career to get a sense of long-term outcomes after college. Key Findings We are optimistic about our graduates’ career outcomes. Five years after college graduation they are upwardly mobile, earning more than their parents with salaries on par with the national average. Yet, six months out of college, only half of graduates find a full time job. When comparing these two age groups, we infer that our younger graduates will soon catch up and enjoy the economic security of their older peers. College Track Page 3