STEM

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Science, Technology, Engineering, and Mathematics workers are the source of growth and innovation, but meeting the economy's demand for these critical skills will be challenging.

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STEM

  1. 1. STEM: Anthony P. Carnevale, Nicole Smith, and Michelle Melton October 20, 2011
  2. 2. Overview •  This report analyzes the science, technology, engineering and mathematics (STEM) workforce and includes education and occupational projections through 2018.
  3. 3. Findings •  There is a shortage of STEM workers but the career is very lucrative. •  63 % of Associate’s degrees in STEM earn more than Bachelor’s degrees in non-stem occupations. •  65% of Bachelor’s degree in STEM earn more than Master’s degrees and 47% earn more than PhD’s in non-STEM occupations.
  4. 4. STEM jobs are an increasing share of all jobs in the U.S. economy
  5. 5. STEM Workforce Shortage •  We produce enough STEM workers to fill all the STEM jobs in the economy, but students and workers often divert from STEM careers. •  More lucrative jobs requiring STEM competencies are poaching STEM workers for their skill set.
  6. 6. Diversion From STEM
  7. 7. STEM Workforce Shortage •  Out of every 100 students with a Bachelor’s degree, 19 graduate with a STEM degree, but only eight are working in STEM occupations ten years after graduation.
  8. 8. Con’t. •  Computer and electronic skills are in high demand and are highly concentrated in STEM.  
  9. 9. STEM Workforce •  Women and minorities are underrepresented in STEM fields.
  10. 10. Con’t. •  The pay gap in STEM between women and minorities, and white men is smaller in STEM than in any other occupation. •  STEM pays more than most jobs at each level of education, and at the graduate level is exceeded only by a small sliver of managerial and healthcare occupations.
  11. 11. Conclusion •  STEM skills on any educational level provide career advancement among many fields for all races and genders. •  Obtaining science, technology, engineering and mathematics skills advances workers opportunities for economic security.
  12. 12. For more information: Email Us | cewgeorgetown@georgetown.edu Follow Us on Twitter | @GeorgetownCEW Find Us on Facebook | Facebook.com/GeorgetownCEW Follow Us on LinkedIn | linkedin.com/company/georgetowncew See the full report at: cew.georgetown.edu/stem  

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