Aiming Higher Education at Great Jobs & Great Lives

AIMING HIGHER EDUCATION AT GREAT JOBS AND GREAT LIVES

BRANDON BUSTEED Executive Director Education and Workforce Development Gallup

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The Work-Preparation Paradox

Sources: Lumina Foundation/Gallup Poll 2013The 2013 Inside Higher Ed Survey of College & University Chief Academic Officers report

14%of Americans strongly agree that college graduates in this country are well-prepared for success in the workplace.

of business leaders strongly agree graduating students have the skills and competencies that their businesses need.

11%

96%of Chief Academic Officers rate their institution as very/somewhat effective at preparing students for the world of work.

The Work-Preparation Paradox

Sources: Lumina Foundation/Gallup Poll 2013The 2013 Inside Higher Ed Survey of College & University Chief Academic Officers report

14%of Americans strongly agree that college graduates in this country are well-prepared for success in the workplace.

of business leaders strongly agree graduating students have the skills and competencies that their businesses need.

11%

96%of Chief Academic Officers rate their institution as very/somewhat effective at preparing students for the world of work.

A BROKEN LINK BETWEEN EDUCATION AND WORK

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DEMAND FOR HIGHER EDUCATION IS HIGH…

Copyright © 2014 Gallup, Inc. All rights reserved.

95% say it is very important to somewhat important to have a certificate or degree beyond high school

41% of Americans, in the last 12 months, have thought about going back to get a certificate or degree

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…BUT QUALITY IS IN QUESTION…

% strongly agree

Traditional colleges and universities offer high-quality education 29%

Community colleges offer high-quality education 19%


HALF say U.S. higher education is the same or worse than higher education in other countries

(46%) 58% say U.S. higher education is the same or

worse than it’s been in the past

AMERICANS: “very important” reason for getting education beyond high school (Gallup/Lumina poll)

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…AND QUALITY IS DEFINED BY A GOOD JOB


To Get a Good Job 67%

Top reasons FRESHMEN cite for going to college (UCLA CIRP)


PARENTS OF 5TH-12TH GRADERS: “very important” reason for getting education beyond high school (Gallup/IHE poll)


80 76

47

30

84 79

28

9

0 10 20 30 40 50 60 70 80 90

Knowledge Skills Major Alma Mater

Percent responding “very important”

Americans Business Leaders

HOW DO HIRING MANAGERS MEASURE THE QUALITY OF GRADUATES?

Please tell me if each of the following factors are very important, somewhat important, not very important, or not at all important to managers making hiring decisions for organizations.

Copyright © 2014 Gallup, Inc. All rights reserved. 6

WHAT BUSINESS LEADERS WANT MOST

Internships/on-the-job experience

In your opinion, what talent, knowledge, or skills should higher education institutions develop in students to best prepare them for success in the workforce in the coming years?


#1:

7

n  Parents of 5th-12th graders

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IN THE FUTURE: GOOD JOBS ‘COLLEGE’


9 Copyright © 2013 Gallup, Inc. All rights reserved.

§ High School GPA, Rank In Class

§ SAT, ACT

INPUTS OUTPUTS § GPA, Rank In Class § Retention Rates,

Degree Attainment § Gainful Employment § And maybe…

- CLA, etc.

CURRENT EDUCATION MEASURES INSUFFICIENT

Hope is a stronger predictor of college success than SAT and GPA.

WHAT IS THE

ULTIMATE

OUTCOME OF AN EDUCATION


?

WHAT DOES A ‘GREAT LIFE’

LOOK LIKE? Purpose How you occupy your time; liking what you do each day

Social Relationships and love in your life

Financial Managing your economic life to reduce stress and increase security

Physical Good health and enough energy to get things done daily

Community Engagement and involvement in the area where you live


WELL-BEING MATTERS TO ORGANIZATIONS


WHAT DOES A ‘GREAT JOB’

LOOK LIKE?


IMPACT OF ENGAGEMENT


GRADUATE WORKPLACE ENGAGEMENT GREAT JOBS


WELL-BEING GREAT LIVES FOR GRADUATES

Only 11% thriving in all 5 elements of well-being More than one in six not thriving in any


IT’S NOT WHERE YOU GO No Difference in Workplace Engagement or Well-being of Graduates Between Different University Types


IT’S HOW YOU DO IT


“At least one professor who made me excited about learning” 63% “Professors cared about me as a person” 27% “A mentor who encouraged my hopes and dreams” 22%

IT’S HOW YOU DO IT


“Long-term project taking a semester or more to complete” 32% “Internship or job where applied learning” 29% “Extremely involved in extra-curricular activities & organizations” 20%

STUDENT LOANS CAN CRUSH WELL-BEING


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…AND THEY CAN STIFLE ENTREPRENEURSHIP


26% 25%

21% 20%

16%

0%

5%

10%

15%

20%

25%

30%

No debt $1-$10,000 $10,001-$20,000 $20,001-$40,000 $40,001+

Perc

enta

ge w

ho st

arte

d ow

n bu

sines

s

Loan Debt for Undergraduate Education and Starting Business






THE RIGHT COLLEGE EXPERIENCES COULD NET BILLIONS FOR ECONOMY