Many Americans with college degrees are finding themselves in jobs that don’t require a bachelor’s degree or utilize the skills acquired in obtaining one, according to a new study from The Burning Glass Institute and the Strada Institute for the Future of Work.
This trend highlights the challenges that graduates face in finding meaningful and well-paying work after completing their education. The study found that even in a strong economy, half of graduates end up in jobs that could have been obtained without a college degree.
This can lead to graduates feeling stuck in roles that are not aligned with their interests or career goals. Examples of such jobs include those in retail, hospitality, and manufacturing.
The findings of the study reflect a broader questioning of the value of a college degree, especially as more employers are dropping degree requirements for certain roles. This shift in hiring practices is driven by a recognition that skills and experience may be more important than formal education in many fields.
Another study from the HEA Group found that a significant number of college attendees are earning less than the median annual income for high school graduates a decade after enrolling in college.
This raises concerns about the return on investment of a college education and the financial stability of college graduates. Overall, these studies highlight the need for a reevaluation of the role of higher education in preparing students for the workforce.
They also underscore the importance of acquiring relevant skills and experience that align with current market demands, regardless of whether they are obtained through traditional education or alternative pathways.