Helping Your Child Make Career Decisions North Central Business and - PowerPoint PPT Presentation

Helping Your Child Make Career Decisions North Central Business and Education Connect

1. College Completion Rates

Source: ce: National Center for Higher Education Management Systems (NCHEMS) www.higheredinfo.org; National Center for Education Statistics (NCES) www.nces.ed.gov; Complete College America, www.completecollege.org.

1. College Completion Rates 2. There are Multiple Pathways to Success Beyond High School

 One-year certificates  Two- year Associate’s degrees  Military  Apprenticeship Bachelor’s Deg egree ree Only nly 30% % of adults lts obtain in a bachelor’s degree by age 27 Sour urce ces: s: Other Ways to Win , Dr. Ken Gray, Penn State; Pathways to Prosperity , Dr. Bill Symonds, Harvard University

1. College Completion Rates 2. There are Multiple Pathways to Success Beyond High School 3. Not All Good Jobs Require a 4-Year Degree

The number of high paying jobs not requiring a four-year degree is actual ally y increa easin ing. g. The U.S. Department of Labor projects 80% of the jobs created in the next • decade will require education beyond high school, but only 20% of these jobs will require a four-year degree. The U.S. Census finds 25% of four-year college graduates work in jobs that do not require a four-year degree. As a result, one and two-year career colleges and schools are widely • recognized as the most direct, quickest and most efficient route to success in many fields.

By 2018, almost two-thirds of all jobs will require some postsecondary education beyond high school 27% of people with postsecondary certificates and credentials (less than an Associate’s degree) earn more than the average Bachelor’s degree recipient 78% of the jobs in Health Care requires less than a Bachelor’s degree There is clearly a mis-match between what jobs are available and what our youth are being prepared for Source: Pathways to Prosperity , Dr. Bill Symonds, Harvard University

1. College Completion Rates 2. There are Multiple Pathways to Success Beyond High School 3. Not All Good Jobs Require a 4-Year Degree 4. College Costs are on the Rise

Cost st of f tu tuitio tion n is climbi mbing g fa fast. t. Betw tween een 1999 99 and 2009: 09: • PA’s public 2 year community colleges rose 20% - • 40% for the public 4 year colleges Average cost of attendance ◦ Net tuition ion and fees for public c co colleges es per year  US = Almost $4,800 per year  PA is $9,500!!!! When you add in room and board – it is nearing $25,000 per year! Sour urce ce: : PA Legislative Budget and Finance Committee; National Center for Higher Ed Management Systems

1. College Completion Rates 2. There are Multiple Pathways to Success Beyond High School 3. Not All Good Jobs Require a 4-Year Degree 4. College Costs are on the Rise 5. Student Loan Debt

Most students owe about $20,000 to $25,000 after 4 years of loans Amount of debt has more than double led for graduates since 2005 Source: ce: The Student Debt Project and the Federal Reserve Bank of NY

Surprising college completion rates 1. There are other paths to success 2. Not every job requires a 4 year degree 3. College costs are on the rise 4. Student loan debt Kate te Lomax 5. Director of Educational Services CEC of Elk and Cameron Counties 814.781.3437 kate@ed-council.org

 Career Opportunities abound with high-skill education – with 3 out of 4 jobs now requiring a technical or technological skill – post secondary education is giving students the hands-on experience they need to get good jobs.  High-Skill Education – (as opposed to traditional academic education) provides training in specialized career fields in 2 years or less so students can enter the job market sooner.

 There are not enough qualified candidates to fill the increased number of skilled jobs created in the next 8 years.  According to the Bureau of Labor Statistics, the fastest growing occupations are projected to be in computer technology and health care fields. In addition, one of the highest growth rates is expected to occur among jobs for technicians and technological support occupations.

Population – age, race, gender, income, veteran’s status and ◦ education information Information about the market in which workers compete for jobs and ◦ employers compete for workers. Employment, projections and wages by industry and ◦ occupation, occupational profiles and career information Labor force, employment, unemployment, and ◦ unemployment rates LMI is a tool to help answer many questions and assist in ◦ strategic planning for the future. LMI can help job seekers, schools, businesses and other ◦ agencies gain a better understanding of our region.

 Most of the next slides will show how occupations are expected to experience growth – an increase in the number of jobs due to overall economic growth.  It is important to know that these numbers do not always take into account the occupations with a high number of replacement jobs due to normal turnover, including retirement.  The Total number of workers that needs to be “replaced” in any given industry on an annual basis often actually exceeds total job growth. For example, you may see a decline in industries such as manufacturing, rail transport or utilities however these industries may also have high rates of turnover or retirements (think baby- boomers) that they are actually facing worker shortages despite being in decline – this is what our Manufacturing Industry is experiencing.

 Occupations with the highest percent change of employment between 2010-2020 – http://www.bls.gov/ooh/fastest-growing.htm Occu cupation on Growt owth Rate, te, 2010-20 20 2012 Median Pay Educa cation on Required red Physical Therapists 39% $76,310 Doctoral or Professional degree Marriage and Family Therapists 41% $45,720 Master’s Degree Biomedical Engineers 62% $81,540 Bachelor’s Degree Meeting, Convention and Event 44% $45,260 Bachelor’s Degree Planners Interpreters and Translators 42% $43,300 Bachelor’s Degree Market Research Analysts and 41% $60,570 Bachelor’s Degree Marketing Specialists Veterinary Technologists and 52% $29,710 Associate’s Degree Technicians Physical Therapist Assistants 46% $49,690 Associate’s Degree (most states) Occupational Therapy Assistants 43% $51,010 Associates’ Degree (plus license in most states) Helpers – Pipelayers, Plumbers, 45% $26,740 Short-term OJT Pipefitters and Steamfitters

 Occupations with the highest percent change of employment between 2010-2020. http://www.bls.gov/ooh/fastest-growing.htm Occu cupation on Growt owth Rate, te, 2010-20 20 2012 Median Pay Educa cation on Required red  Diagnostic Medical Sonographers 44% $64,380 Associate's Degree Physical Therapy Aides 43% $23,680 Associate’s Degree Glaziers 42% $36,640 High School Diploma or equivalent - Apprenticeship Medical Secretaries 41% $30,530 Vocational Technical Training or Associate’s Degree. Personal Care Aides 70% $19,640 Short-term OJT Home Health Aides 69% $20,650 Short-term OJT Helpers, Brickmasons, 60% $27,780 Short-term OJT Blockmasons, and Tile and Marble Setters Helpers, Carpenters 56% $25,760 Short-term OJT Reinforcing Iron and Rebar 49% $38,430 High School Diploma or Workers equivalent - Apprenticeship Brickmasons and Blockmasons 41% $46,930 High School Diploma or equivalent - Apprenticeship

2012 Median 2020 Occupation 2010 Jobs Growth Growth % Hourly Education Requirements Jobs Earnings Doctoral or professional Lawyers 34,765 38,873 4,108 12 52.06 degree Bachelor’s to Master’s Mental Health Counselors 15,457 18,199 2,742 18 17.73 Degree Personal Financial Advisors 52,213 86,595 34,382 66% $26.50 Bachelor’s Degree and higher Securities, Commodities and Financial 43,715 65,639 21,924 50 23.20 Bachelor’s Degree Services Sales Agents Management Analysts 41,588 51,144 9,556 23 33.55 Bachelor’s Degree Accountants and Auditors 64,466 73,823 9,357 15% 28.26 Bachelor’s Degree Registered Nurses 128,950 146,417 17,197 13 31.28 Associate’s Degree 12.69 Postsecondary non-degree Nursing Aides, Orderlies, and 73,575 79,630 6,055 8 award Attendants Personal and Home Care Aides 44,029 59,655 15,626 35 9.84 Short-term on- the- job training Home Health Aides 64,704 86,015 21,311 33 9.73 Short-term on-the-job training Vocational Technical Training or Associate’s Degree . Medical Secretaries 18,429 22,958 4,529 25 14.71

2012 Median Education Occupation 2010 Jobs 2020 Jobs Growth Growth % Hourly Earnings Requirements Property, Real Estate, and High School Diploma or Community Association 35,155 44,960 9,805 28 17.14 Equivalent Managers High School Diploma or Real Estate Sales Agents 116,872 147,826 30,954 26% $14.58 Equivalent High School Diploma or Equivalent Gaming Services Worker 1,901 11,862 9,961 524 10.95 Moderate On-the-Job Insurance Sales Agents 39,945 44,448 4,503 11 26.19 Training Short-term on-the-job Construction Laborers 50,984 54,973 3,989 8 14.80 training Short-term on-the-job Child Care Workers 65,949 72,872 6,923 10 8.02 training Short-term on-the-job Truck Drivers, Heavy and Tractor- 84,771 91,320 6,549 8 18.58 Trailer training