Only 54 Percent of Graduates Find Full-time Employment

Posted: Jun 09, 2016 3:15 PM
Only 54 Percent of Graduates Find Full-time Employment

Six months after graduation, only 54 percent of 2015 college graduates landed traditional full-time jobs.

A new report by the National Association of Colleges and Employers shows that approximately half of college students found full-time work within six months of graduating. Of the other half, a significant number of graduates are finding work through non-traditional avenues. About 10 percent are “part-time employees, entrepreneurs, freelancers or postgrad fellows,” journalist Ellen Wexler reports, with part-time employees representing 6 percent.

Graduate school is also a popular option for the class of 2015. Eighteen percent of students are attending some form of graduate or professional school, up from 16.4 percent of 2014 graduates.

Of those who found full-time work, the highest proportion came from New England. Graduates in New England had a full-time employment rate of 68.5 percent, while those from the Southwest and Far West regions had rates of just 50.2 percent and 46.8 percent respectively.

In terms of major, computer science graduates had the highest rate of full-time employment, with 72 percent. With an average starting salary of $69,214, their jobs were also among the highest paid. Theology graduates made the least—$30,584 on average—and had a full-time employment rate of 52.1 percent. Biology majors had the lowest full-time employment rate, with 28 percent.

These numbers, though stark, reveal a slight improvement from the class of 2014. Fewer graduates are employed part-time, and more are employed in full-time positions. In addition, the rate of those still seeking employment has fallen from 13.9 percent to 11 percent--still higher than the overall unemployment rate of 4.7 percent.