Measuring Impact: A Pilot Study of Adult Student Gains and Satisfaction

1,248 views
1,187 views

Published on

Much has been written about the value of a college degree and the annual salary and job security that come with it. From September 2013 to February 2014, eight institutions were involved in a pilot study to determine the value of a degree or credential for adult students. This is what UPCEA and Hobsons discovered.

Published in: Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,248
On SlideShare
0
From Embeds
0
Number of Embeds
704
Actions
Shares
0
Downloads
14
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Measuring Impact: A Pilot Study of Adult Student Gains and Satisfaction

  1. 1. MEASURING IMPACT
  2. 2. WE SOUGHT TO UNCOVER THE IMPACT OF AN UNDERGRADUATE DEGREE OR CERTIFICATE ON THE LIVES AND CAREERS OF ADULT LEARNERS
  3. 3. EIGHT INSTITUTIONS PARTICIPATED IN THE STUDY FROM SEPTEMBER 2013 TO FEBRUARY 2014. THIS IS WHAT WE FOUND…
  4. 4. A TYPICAL RESPONDENT Graduated between 2008-2013 Was between 24–44 years old Worked full or part- time while enrolled Earned less than $60k
  5. 5. 16% 32%38% 11% 4% Extremely satisfied Very satisfied Somewhat satisfied Not very satisfied Not at all satisfied A SEPARATE STUDY OF 988 INDIVIDUALS WHO COMPLETED HIGH SCHOOL OR RECEIVED A GED RESPONDED THAT THEY WERE INTERESTED IN HIGHER EDUCATION. LESS THAN HALF WERE EXTREMELY OR VERY SATISFIED WITH THEIR JOB.
  6. 6. 40% OF BENCHMARK PARTICIPANTS ARE VERY OR EXTREMELY INTERESTED IN GETTING A BACHELOR’S DEGREE 26% ARE VERY OR EXTREMELY LIKELY TO RETURN TO COLLEGE WITHIN THE NEXT FIVE YEARS &
  7. 7. FINANCES AND TIME ARE THE MOST SIGNIFICANT CONSTRAINTS TO EARNING A BACHELOR’S DEGREE. 45% 42% Somewhat agree Strongly agree Classes are too expensive Classes are too time consuming Somewhat agree Strongly agree 22% 45%
  8. 8. A BACHELOR’S DEGREE PAYS OFF: 4.5% UNEMPLOYMENT FOR COLLEGE GRADUATES VS. 8.3% FOR HIGH SCHOOL GRADUATES
  9. 9. A BACHELOR’S DEGREE ESPECIALLY STARTS PAYING OFF FOUR YEARS OUT FROM GRADUATION $0.00 $10,000.00 $20,000.00 $30,000.00 $40,000.00 $50,000.00 $60,000.00 Benchmark, no degree Certificate, no bachelor's Associate's degree Bachelor's 1 year out Bachelor's 2 years out Bachelor's 3 years out Bachelor's 4 years out Bachelor's 5 years out Certificate w/bachelor's Certificate w/graduate degree $44,167 $34,054 $38,879 $44,481
  10. 10. 41% OF THOSE WITHOUT A DEGREE BUT WHO HAVE EARNED A CERTIFICATE SAY THEY CHANGED FIELDS OR CAREERS
  11. 11. 70% OF BACHELOR’S DEGREE EARNERS SEE AN INCREASE IN INCOME IN LESS THAN 5 YEARS, SOME DOUBLING THEIR SALARY
  12. 12. 73%63%78% *Benchmark participants were not asked to rate this statement. EARNING A DEGREE SIGNIFICANTLY HELPS ADULTS REACH THEIR CAREER GOALS PERCENT WHO “STRONGLY” OR “SOMEWHAT” AGREE THAT “MY DEGREE PROGRAM EQUIPPED ME WITH SKILLS TO ADVANCE IN MY CAREER*” Certificate Associate’s degree Bachelor’s degree
  13. 13. INDIVIDUALS IN THE DEGREE-GRANTING OR CERTIFICATE PROGRAMS REPORT SIGNIFICANTLY GREATER PROGRESS TOWARD CAREER GOALS CAREER GOALS.
  14. 14. ALTHOUGH MANY PARTICIPANTS WOULD LIKE TO CHANGE JOBS, THEY BELIEVE THEIR CREDENTIALS HAVE HELPED ADVANCE THEIR CAREERS.
  15. 15. 85% OF BACHELOR’S DEGREE HOLDERS RESPONDED THAT THEY FELT MORE CONFIDENT IN THEMSELVES AFTER EARNING THEIR DEGREE
  16. 16. FOR MANY STUDENTS, THERE WAS NO SINGLE STUDENT SERVICE THAT WAS HIGHLY VALUED IN TERMS OF WORKPLACE PREPARATION *Financial aid and student support/advising services were most used by respondents
  17. 17. CONCLUSION? INSTITUTIONS SHOULD BETTER COMMUNICATE THE VALUE OF A DEGREE
  18. 18. AS WELL AS HELP STUDENTS IDENTIFY THE BREAK-EVEN POINT MEASURE THE IMPACT OF UNEMPLOYMENT/JOB SECURITY &
  19. 19. AND FINALLY, ADDRESS TIME AND WORK CONFLICTS WITH MORE HYBRID & ONLINE PROGRAMS
  20. 20. PARTICIPATE IN PHASE 2 Jim Fong Director, UPCEA Center for Research & Consulting jfong@upcea.edu Phone: 814.308.8424 Todd Bloom Chief Academic Officer, Hobsons todd.bloom@hobsons.com Phone: 703.859.7386

×