Strada Education Network Alumni Survey: Learning key skills during college resulted in $8,700 in extra earnings in first year after graduation – Yahoo Finance | Team Cansler

INDIANAPOLIS, November 16, 2022 /PRNewswire/ — At a time of growing societal uncertainty about the value of higher education and declining enrollment, the views of alumni are proving particularly insightful. This group can provide particularly valuable feedback on how their educational experiences have enriched their lives, which can help us ensure that today’s students are getting the most out of all the benefits college has to offer.

(PRNews photo/Strada Education Network Inc)

(PRNews photo/Strada Education Network Inc)

In March and April 2022, Strada conducted a nationally representative study of more than 3,200 alumni who have earned bachelor’s degrees since 2002. The results are eye-opening – Alumni who report that they acquired key qualifications during their studies $8,700 more in their first year after graduation than their peers, who report less skill development during college. They’re more likely to do that attribute success in life and work to their education Experiences. These key qualifications included general, interpersonal and specialized skills.

To help students get the most value from their education—income, careers, and quality of life—educators and policymakers can confidently focus on helping students develop skills that improve their outcomes after graduation. While many are already taking this approach to help students, the results in this analysis of the 2022 Strada Results Survey show students and educators alike the importance of ensuring students develop—and recognize—valuable skills that empower them to get a good job, contribute to their communities and develop a fulfilling life.

“Higher education has come a long way in being able to measure economic returns,” said Dr. Nichole Torpey-Saboe, author of the report. “But we’re only just beginning to scratch the surface when it comes to understanding broader life outcomes. What I find so interesting about this research is that we can see the connections between skills that alumni say they have developed and these economic and non-economic outcomes. And we’re seeing certain skills rise to the top in terms of their association with stronger post-completion results. Our motivation for this research is truly to uncover the key connections that can help all of us improve outcomes for students – especially those who face the biggest barriers.”

Another important aspect of these results was the understanding that equity gaps persist. Compared to men, women with a bachelor’s degree are less likely to meet the requirements $50,000 income limit. And black alumni are least likely to achieve success, including earning, after graduation $50,000 per year, feeling that their education helped them achieve their goals, and feeling that their education was worth the cost. Furthermore, meaningful skill development reports are not associated with additional income gains for Black alumni, although self-reported skill development is associated with better non-economic outcomes for all students.

“We shouldn’t assume that students have the opportunity to develop critical thinking, problem-solving, communication, teamwork and leadership, as well as specialized skills like data analysis and digital literacy that come with jobs at 21St century,” said Dr. Ruth Watkins, President of Strada Impact. “These skills can be intentionally built into curriculum and extracurricular experiences to serve all students so that each individual is prepared to achieve full and equitable success beyond the completion of their studies.”

A full results report can be found here.

Strada Education Network is a national nonprofit dedicated to helping people take advantage of post-high school education and training that help them get a good job, do meaningful work, contribute to their communities, and a to lead a fulfilling life. Strada helps students succeed beyond the completion of a certificate or degree through its research, charitable grants and social impact investments, and through the work of Strada-supported nonprofits CAEL, Education at Work, InsideTrack and Roadtrip Nation, which directly serve learners and workers. Learn more at stradaeducation.org.

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SOURCE Strada Education Network

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