Missouri’s Best High Demand, High Wage Two Year Career & Technical Programs Patricia Riely, M.Ed. Director of Career and Placement Services Moberly Area Community College Questions to consider about recommending post-secondary education to our students Student’s interests, skills, aptitude, values, hopes and dreams The high cost of the “college experience” Career ladder and two year versus four year programs of study Labor market realities Recognizing our own biases What does the research say? A study published in 2013 revealed that students who started postsecondary education at a community colleges had a better chance of completing their degrees than students who began at that institution. They completed Bachelors, Masters and PhD programs at a higher rate than students who began at a four year institution. “The comparison of the eight-year completion rate of students who began at a two-year institution and transferred to a four-year institution to that of students who began at a four-year institution revealed a higher completion rate for transfer students.” Source: Baccalaureate Attainment: A National View of the Postsecondary Outcomes of Students Who Transfer from Two-Year to Four-Year Institutions, National Student Clearinghouse Research Center http://nscresearchcenter.org/wp-content/uploads/SignatureReport5.pdf What were the recommendations to community colleges? Recommendations from this study to community colleges included: Encouraging students to transfer immediately after earning their associate degrees Developing articulation agreements with four year schools Competent advising so that students take the best sequence of courses at the community college Surprising findings Average annual costs for tuition, fees, books, room and board: Private Public colleges and universities: colleges and universities: Community colleges: $39,518 $17,860 $3,131 Source: Christina Couch, www.collegeview.com How well do we promote the A+ program? There is no evidence of any significant difference in earnings over a lifetime between students who start at a four year institution and those who transfer from a two year program to complete a four year degree. The current labor market shows a 60% increase in hiring those with two year degrees. Source: The Wall Street Journal What types of jobs are most in demand in Missouri that do not require a four year degree? Skilled trades Bricklayers and stone masons, carpenters, medical equipment repairers, operating engineers, painters, plumbers & pipefitters, Commercial drivers Electrical and electronics engineering technicians Environmental Engineering Technicians Industrial machinery mechanics (Mechatronics) Mechanics – automotive, communications equipment, heating/cooling systems, utility technicians Machinists Surveying and mapping technicians Source: www.missouriconnections.org What types of jobs are most in demand? Computer Information Technology Audio-visual Specialists Computer Networking Technicians Computer User Support Specialists Information Sound Security Analysts engineering technicians Source: www.missouriconnections.org What types of jobs are most in demand? Allied Health Certified Nursing Assistants Dental Hygienists Emergency Medical Technicians Licensed Practical Nurses Medical Imaging Technology/MRI Technologists, Radiologic Technologists, Sonographers, Ultrasound Technicians Medical Laboratory Technicians Occupational Therapy Assistants Physical Therapy Assistants Registered Nurses Respiratory Therapists Surgical Technologists Source: www.missouriconnections.org What types of jobs are most in demand? Business Administration Administrative Services Managers Bill and Account Collectors Bookkeeping and Accounting Clerks Credit Counselors Loan Officers Office Managers Paralegals Tax preparers Source: www.missouriconnections.org What types of jobs are most in demand? Services Addictions Counselors Adult and Career Education Teachers Dispatchers Preschool and Kindergarten Teachers Skin care specialists Transportation Security Screeners Veterinary Technologists and Technicians Source: www.missouriconnections.org, September 2015 Comparing careers that require varied levels of postsecondary education At entry level, approximately 85% of jobs that require an associate degree level of education pay the same or more than those that require a bachelor’s degree. However, those with higher degrees will earn more cumulatively over a lifetime. Wages vary significantly depending on the type of degree. Students who choose STEM careers have higher earnings and less competition for jobs. Which two year programs offer the highest wages and are most in demand? Job title/Program Median wage % growth Annual openings Information Security Analysts/ AAS Computer Information Technology $77,910 28% 653 Medical Sonographer/ AAS Medical Imaging Technology $67,220 35.5% 556 Registered Nurse/ Associate Degree in Nursing $56,670 12% 21,004 Occupational Therapy Assistant/ AAS in Occupational Therapy Assistant $56,560 28.3% 428 Physical Therapy Assistant AAS in Physical Therapy Assistant $51,340 24% 863 Engineering Technician/ AAS in Industrial Technology $43,480 - $62,940 2.9% 1,014 What about nationally? The Bureau of Labor Statistics predicts these five jobs not requiring a four year degree will have the most increased growth and offer highest salaries between now and 2018: Job title Years experience Median annual % above average salary Associate degree holder pay Radiation Therapist 2–4 10 or more $59,800 $75,400 83% 65% Ultrasound Technician 2–4 10 or more $53,500 $68,800 64% 51% Wind Turbine Technician 2–4 10 or more $47,600 $52,700 46% 15% Railroad Conductor 2–4 10 or more $45,000 $79,900 38% 75% HVAC Controls Technician 2–4 10 or more $42,200 $56,600 29% 24% An analysis of the economic returns to college since the 1970s demonstrates that the benefits of both a bachelor’s degree and an associate’s degree still tend to outweigh the costs, with both degrees earning a return of about 15 percent. Source: current issues IN ECONOMICS AND FINANCE Volume 20, Number 3 ❖ 2014 ❖ www.newyorkfed.org/research/current_issueser the past decade. Internet Resources 2015 – 2016 PayScale College Salary Report Highest paying associate degrees by salary potential http://www.payscale.com/college-salary-report/majors-that-pay-youback/associate?page=10 Federal Reserve Bank of New York, Current Issues in Economics and Finance Volume 20, Number 3, 2014 http://www.newyorkfed.org/research/current_issues/ci20-3.pdf Nine High Paying Jobs You can Get With an Associate Degree http://career-advice.monster.com/salary-benefits/salary-information/highpaying-jobs-associates-degree/article.aspx