College Track: 2020 Social Mobility Report 2020 Social Mobility Report | Page 21

SUMMARY Students make choices on how to spend their time in college and maximize their campus experience. In our survey we asked a range of questions about the experiences during college that lead to better career outcomes post-graduation. Detailed results are documented in Appendix B. For the second straight year we were able to run a multi- variable regression model, with our largest sample size to-date, confirming last year’s findings and adding a few more 4 Internships in college continue to be a significant factor in securing full-time employment, even after controlling for other influences, including academic standing, and student demographics. Having one internship in college increases a students odds of being employed by 19%; two or more internships by 27%. STEM (Science, Technology, Engineering & Math) majors earn approximately $10,000 more in their first job than those who major in all other non-STEM disciplines (e.g. liberal arts, psychology, business). Graduating from an institution that College Track sees as an “Affordable Option” increases a students’ chance of employment within six months of graduation by 18%. We define these as colleges with high graduation rates, low debt post-graduation, and support services for first-generation and low-income students. Students who participated in at least one club on campus were more likely to be employed and earn a higher income, with the most significant findings for students who also held a leadership role within their clubs. These students were 19% more likely to be employed and earned approximately $13,000 more in their first job upon graduation. A handful of other in-college experiences appear to impact finding a job upon graduation: having a well-defined college plan and attending networking events appear to positively impact employment rates. Strong academic performance also correlates with better employment outcomes. Additionally, we found that our students who take longer to complete their degrees are less likely to be employed upon graduation. College Track 21