Regrets. According to Business Insider, many recent college grads have had a few. And specifically, when it comes to their chosen school or major.
The results of a recent survey by McKinsey and Chegg C an ed-tech company also running a textbook rental business C which shows that nearly half of these polled wished that they made different choices upon graduating senior high school C is likely to add to an increasingly loud debate about whether advanced schooling is ultimately an advisable investment.
Among its other troubling findings, the report states that nearly half of school graduates are currently working jobs that don’t require a college degree. Roughly 30% felt that college didn’t adequately ready them for the job market.
The most alarming conclusion appears to be that a full 41% of graduates from America’s best players ranked colleges and universities couldn’t get employment within their field once they graduated. When looking at all colleges and universities around the country, the proportion goes up to almost half.
Students don’t ask the questions they need to, like how frequently students graduate in 4 years, what percentage of students are employed within six months of graduating, and just what percentage of students get jobs within their major. They should be encouraged to do so, and schools must have those answers.
And schools are evaluated by things like selectivity, not the way they help students get ready for the workplace or support their job search.
Students in liberal arts were particularly vulnerable to regrets. They were more likely than their STEM-graduate peers to be under- or unemployed and were deeper indebted, were paid less and were overall less pleased with the higher education choices they made.
The findings illuminate the fact that schools are not doing a excellent job of filling their students’ needs. Rather than expanding programs that cause higher paid jobs and more steady employment, it appears that many schools are cutting back due to budget cuts.
As an effect, students are not only feeling more regrets about where they enrolled and also the major they chose, but are also graduating with higher debt loads and much less options.
Things are relocating a troubling direction. Rather than expanding curriculums to include the skills students really need now, many institutions, particularly public ones, are cutting back. That means students have to spend longer to graduate and go deeper indebted, without getting instruction that’s much better suited to the planet we reside in.?The key to solving it, Rosensweig says, is using technology to break down some of the barriers and habits which have held higher education back and kept it from adapting, to concentrate more on specific skills, and making more entrepreneurial students.