While they don't reference it, it looks like they are pulling data from a study that I found on
CollegeMeasures.org.
Among the findings that the study references are:
• ... On average, a year after graduation, students with two-year technical degrees have first-year median earnings of more than $50,000, just over $11,000 more than graduates of bachelor’s degree programs across the state.
• The first-year earnings of graduates from different community colleges vary widely. ... For graduates with technical degrees the range is even greater, from approximately $20,000 for graduates from Clarendon College to more than $65,000 for graduates from seven community colleges: College of the Mainland Community College District, San Jacinto College South Campus, Tarrant County Junior College South Campus, Galveston College, El Centro College, Trinity Valley Community College, and Weatherford College.
• The median first-year wages of graduates from some certificate programs are above $70,000, or $30,000 more than the Texas-wide median bachelor’s degree salary. Among these highpaying programs, health care is well represented, along with certificates in construction, such as Construction Engineering Technology/Technician (Brazosport College), Electrician (Lee College), and Pipefitting (Lee College). A number of certificate programs turning out technicians in engineering, industrial technology, and instrumentation (e.g., from Brazosport College, San Jacinto College Central Campus, and Frank Phillips College) are also on the list of high-paying programs.
• The median first-year earnings of bachelor’s degree recipients statewide are around $39,000. However, there is a wide range in earnings, depending upon field of study: First-year earnings in popular fields of study range from around $25,000 (Biology) to around $47,000 (Accounting).
• More generally, despite the interest in increasing the number of graduates in Science, Technology, Engineering, and Mathematics (STEM), biology graduates at both the bachelor’s and the master’s level earn below statewide medians. In contrast, there is a premium for bachelor’s graduates in mathematics, who out earn biology graduates by more than $20,000 statewide and all bachelor’s graduates by more than $9,000.
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Study is about 51 pages. You can
download it in PDF format.
It appears that theme is that not all college degrees have equal earning potential. And that degrees with the same name but from different schools can have substantially different earning potentials.
From my perspective, the more information that a prospective college student can have prior to making their decision concerning what to study and where to go to school, the better. Consequently, I think that this study is a step in the right direction.
Uno
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