College Track: 2020 Social Mobility Report 2020 Social Mobility Report - Page 17

EMPLOYMENT LANDSCAPE Are our college graduates successfully navigating the employment landscape and securing high quality jobs? In addition to examining starting salary and income, we also asked alumni questions to help determine if our graduates are securing high quality jobs that provide a solid mix of employee benefits, alignment with career interests, and opportunities for professional advancement. “Square, Inc., offers amazing healthcare, retirement, and stock benefits with an income level that allows me to support myself and my family. My income level has even surpassed that of my parents. But more importantly, I have a job doing what I love. I feel valued in my role and have the resources and support to be productive, inspire innovation, and advance in my career.” employed graduates... Of Of our our employed graduates... These findings are encouraging, but for the second straight year we also asked our graduates if their “job requires a bachelor’s degree” and we found that 19% responded “no.” These roles include flight attendant, train conductor, paraeducator, and health technician. Nationally, the percentage of bachelor’s degree holders who are over-qualified for their occupation is similar to what we found amongst our graduates, and most common with recent gradates and those who graduated in a weak economy, 9 but lower for those who hold a graduate degree. This is an area of concern for us, as we see that graduates who hold jobs that require a bachelor’s degree earn $12,600 more on average than those in jobs that do not. In fact, national studies demonstrate that college graduates can earn up to or greater than $1 million more over their lifetime than their peers with only a high school diploma. 10 95% have a job with employer provided benefits 76% have a job that is related to their career interests and aspirations We see stronger alignment for our older graduates with 68% reporting “a lot” or “perfect” alignment, versus only 48% for our recent graduates who are in their first job. 78% agree with the statement, “There is someone at work who encourages my development.” 92% have opportunities for internal advancement 51% of our older graduates (more than two years after college graduation) were promoted within the past 12 months. -Jacky, College Track Oakland, B.S., University of California, San Diego 2013 College Track 17