Transcript Economic Reality in Present Day Chesterfield

Life After
High School:
A Reality Check for
Considering
All Your Options
When you look at these
pictures . . .
Featherless Chickens?
17:10 21 May 2002
NewScientist.com news service
Emma Young (photo: Reuters)
Mouse
with a
human
ear?
(Cloning experiment by Dr. Charles Vacanti,
University of Massachusetts)
Mice are also used to grow human
brain cells. (Source: Rick Weiss, “Human
Brain Cells are Grown in Mice,” Washington Post,
Dec. 13, 2005)
and . . . virtual keyboards,
(available for purchase in 2003)
Want ad for tomorrow’s workforce:
Help Wanted: Creative individuals with
strong problem-solving skills, excellent
computer skills, the flexibility to adapt to
rapidly changing markets, the ability to
work in a multi-disciplinary environment,
and the skills needed to effectively
collaborate across cultures in a global
marketplace.
can you doubt that . . .
“The Future is not
what it used
to be.”
Linda Moakes
Start early.
Make a plan.
Discover your future.
Just look at today’s world!
• Jobs have changed
• Different options
exist
• New training is
required
• Traditional
timelines have
changed
Changes in the Skill Level Required
for Jobs in the U.S.
1950
Unskilled
60%
Technical
20%
College
Degree
20%
Unskilled
15%
College
Degree
20%
Technical
65%
2000
Source: Virginia Employment Commission, U.S.
Bureau of Labor Statistics
Even milestones of life are
changing… New Age for
Adulthood?
30
Why?
This is the age that young people:
1. Finish education
2. Become financially
independent
3. Move away from home!
The Washington Times
(65% of college graduates
plan to return home after
graduation!) Yahoo Survey
Why does it take so long?
1. It takes longer to graduate from
college
2. Job market for new jobs has
been weak
3. Housing is expensive!
Median price in Virginia is $212.3K and in
the US $167.5K
Source: The Virginia Gazette, February 28, 2007
College Costs are rising!
2008-2009 in-state costs
College
Tuition Room/Board Fees
Total
NSU
5,560*
7,116
*
12,676
Radford
6,536*
6,622
*
13,158
ODU
6,720
6,685
198 13,532
VCU
4,904
7,567
1,103 13,574
VA Tech
6,332
5,476
1,866 13,674
VSU
(not available 8/1/08)
JMU
6,964*
7,592
*
14,556
Longwood
(average cost)
15,358
George Mason
6,840
7,300
1,805 15,945
CNU
7,550*
8,900
*
16,450
UVA
9,310*
7,780
*
17,090
Coll. of Wm & Mary 6,090
8,402
4,156 18,648
VCCS
2,450
N/A
215
2,665
Average U.S. cost for 4 years at a public, four-year college
is $65,400 – up more than 27% in the past five years.
4 years in a private school – more than $133,000.
Rising Debt!
• Average student debt =
$21,000 (MSN Money, 2008)
• 44% of families earning over
$100,000 have to take out
loans
Consider Community College
• Great way to get a feel for college
• Remember that tuition, fees, room and
board will rise to more than four or five
times Community College cost at a fouryear college or university – plan early for
Years 3 and 4!
Takes longer to get a degree!
Graduation Rates of Freshmen Entering in 2000:
College
•UVA
•William & Mary
•JMU
•VA Tech
•Longwood
•Radford
•George Mason
•VCU
•CNU
4 yrs.
83%
83%
65%
52%
46%
35%
31%
20%
26%
6 yrs.
91%
91%
80%
79%
66%
56%
56%
45%
51%
State Average: 47% at 4 years and 67% at 6 years
(Source: SCHEV 2008)
National Average: 40% graduate in 4 years
(Daily Press 8/27/2008)
US Average 57% in 6 years but less than 50% if Hispanic or
African American
(Source: USNews and World Report, May 2, 2008)
• For students in bottom 40% of their high
school class, 76% do not graduate from
college – even after 8 1/2 years in college.
• Only 23% of 1.3 million students who took
the ACT college entrance exam in 2007
were prepared to do college-level study in
math, English and science.
Walter Williams, Daily Press OpEd (8/27/08)
How Do You Explain This?
• Budget cuts make it harder to get required
courses for graduation
• The more selective the college’s
admission policy, the higher the
graduation rate
• Many students change majors adding
years necessary to get a degree
• 60% transfer before graduating
SOME NEVER GET A DEGREE!
While over 70%
attend college…
only 50% of those
ever get a degree.
Cost of Degree example
– Average cost of the state colleges $14,696
– $14,696 per year (tuition, basic room &
board, mandatory fees)
X6
$88,178
– Compare this to . . .
Consider Registered
Apprenticeship
Success doesn’t necessarily
start with four years of
college.
Get started down the road
to one of 59 well-paying,
Name: Jennifer King rewarding careers in the
electrical industry. Many
Age: 24
people running our
Hometown: LA
companies started out as
Salary: $60,800/yr
apprentices.
College: none
Contact your local NECA
chapter or IBEW local
union for more information.
Source: Techniques 2007
Salaries of 2006 College
Graduates
•
•
•
•
•
•
21%
34%
28%
10%
7%
100%
Less than $20,000
$20,000 to $29, 999
$30,000 to $39,999
$40,000 to $49,999
$50,000 +
Total
55%
» Source: CareerBuilder.com’s “College Hiring 2006” survey
Would you set out on a lifetime
journey without a spare tire?
Students need a Back-up Plan!
Workforce Development
Strategic Plan 2007
Gov. Kaine’s 2008 proposal for
Standards Of Accreditation change:
8 VAC 20-131-140. College and career
preparation programs and opportunities
for postsecondary credit
Beginning with the 2008-2009 academic year, all middle
schools must develop and maintain a personal Academic and
Career Plan for each seventh- and eighth grade student that
includes specific components established by the Board.
Beginning with the 2010-2011 academic year, students who
transfer into a Virginia school after their eighth grade year
must have an Academic and Career Plan developed upon
enrollment. The components of the Plan shall include, but not
be limited to, the student's educational goals and program of
study for high school graduation and a postsecondary career
pathway based on the student's academic and career
interests. The Academic and Career plan must be developed
and signed by the student, student's parent or guardian, and
school official(s) designated by the principal. The Plan will be
included in the student's record and must be reviewed and
updated, if necessary, before the student enters the ninth and
eleventh grades. The school will have met its obligation for
parental involvement if it makes a good faith effort to notify the
parent or guardian of the responsibility for the development
and approval of the Plan.
Why do they need a
back-up plan?
• If there is a delay
in getting their
degree
• If the economy
is down and
there are few
jobs in their
field of study
• If the student needs
additional money
How are you going to pay for
college?
•
If a student has to work,
does he have any skills
that will get him paid more
than minimum wage?
• Annual salary at
minimum wage?*
(based on $6.55/hour
for 40 hours per week
for 52 weeks)
* As of 7/24/08
• Gross Income:
$13,624
Consider Career and Technical
Education
1. Earn
certifications
that lead to
higher
salaries for
part time
work
2. Receive free
training that
would cost
$1,000s in
the private
sector
Consider Industry Certifications
• Class
Privately
• A+
• LPN
$2,600
$3,296
$5,700+
$12,000
$10,000
• Cosmetology
• Cisco
• Oracle
Public
School
Free
Free
Free
Free
Free
These Deals Lead to Decent Salaries
• Class
• A+
• LPN
• Cosmetology
• Cisco
• Oracle
Starting Salaries
$30k
$34k
$25k
$75K
$80k
Remember !
55% of 2006 college graduates started at less than $30K.
Consider Dual Enrollment
3. Earn free dual
enrollment college
credits while still
in high school
Graduating from
high school and
community college
at same time!
RTD, May 10, 2005
-Available for many
CTE courses and
some academic
courses
-Many credits
accepted at some VA
4-year colleges
-Leads into
community college
associate degree
programs
Career and Technical Education
offers options!
4. Try out a career
before investing
huge costs
Kimon Campbell
Licensed Practical
Nurse program in
high school Worked as LPN
while completing
Registered Nurse
training
5.
Offers training for current indemand careers!
• Remember!
Unskilled
15%
• Only 20% of jobs
require a college
degree.
•65% of jobs require
technical training!
College
Degree
20%
Technical
65%
Old paradigm was that
college was the path to….
New
Considerations?
The type of degree
matters!
This helps explain why….
30% to 40% of
Community
College
students
already have a
4-Year College
Degree.
“You want fries
with that?”
Top 10 degrees in demand
(bachelor's degree level)
Accounting
Mechanical Engineering
Electrical Engineering
Computer Science
Business Administration
Economics/Finance
Information Sciences
Marketing/Management
Computer Engineering
Management Info Sys
$46,292
$54,057
$55,333
$53,051
$57,407
$47,782
$49,966
$39,269
$55,920
$47,407
Source: CNBC.com, 2008
from NACE Job Outlook 2008.
Salary information from NACE class of 2007 data.
Best Undergrad College Degrees
By Salary
Chemical Engineering
Computer Engineering
Electrical Engineering
Aerospace Engineering
Economics
Physics
Computer Science
Industrial Engineering
Mechanical Engineering
Math
$63,200
$61,400
$60,900
$57,700
$50,100
$50,300
$55,900
$57,700
$57,900
$45,400
Source: PayScale.com 2008
High Paying Jobs in US
Virginia Employment Commission: Spring 2005
Physicians, Surgeons
Aircraft Pilots
Chief Executives
Electrical Engineers
Lawyers, Judges
Dentists
Pharmacists
Computer Systems Managers
$145k
$133k
$116k
$112k
$99k
$90k
$85k
$83k
High Paying Jobs in US
That Require 2-Yr. College Degree
Virginia Employment Commission: Spring 2005
Health Care Practitioners
$66k
Business Analysts
$58k
Mechanical Engineers
$57k
General/Operations Managers $54k
Computer/IT Systems Managers $50k
** Average wages in VA in 2005: $42,880
(Source: Bureau of Labor Statistics 2007)
High Paying Jobs in US
That Require No College Degree
CareerBuilder.com, 2008
1. Air traffic controller
$102,030
2. Funeral director
$79,517
3. Operations manager
$77,839
4. Industrial production manager
$73,000
5. Transportation manager
$72,662
6. Storage & distribution manager
$69,898
7. Computer tech. support special. $67,689
8. Gaming manager
$64,880
9. First-line supervisor/manager of police
& detective
$64,430
10. Nuclear power reactor operator $64,090
Fastest Growing Occupations 2002 – 2012
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Network Systems and Data Communications Analysts
Salary Range: $18,610 — $96,860
Physician Assistants
Salary Range: $16,460 — $74,390
Medical Assistants
Salary Range: $16,460 — $74,390
Medical Records & Health Information Technicians
Salary Range: $16,460 — $74,390
Computer Application Software Engineers
Salary Range: $18,610 — $96,860
Physical Therapist Aides
Salary Range: $16,460 — $74,390
Fitness Trainers and Aerobics Instructors
Salary Range: $7.09 — $26.22 hourly
Database Administrators
Salary Range: $16,460 — $74,390
Veterinary Technologists and Technicians
Salary Range: $16,170 — $33,750
Dental Hygienists
Salary Range: $8.45 — $39.24 hourly
Source: CareerExplorer.net
Ahead-of-the-Curve Careers
•
•
•
•
•
•
•
•
•
Asian-business-development specialist
Behavioral geneticist
Computational biologist
Data miner
Emergency planning manager
Green-collar consultant
Health informatics specialist
Immigration specialist
Offshoring manager (farshored, nearshored,
homeshored)
• Patient advocate
• Simulation developer
• Wellness coach
Hot Career Fields
Health Care
Education
Hot Career Fields
Technology
Finance
Hot Career Fields
(Safe from offshoring!)
Services
Construction
CTE Offers opportunities to:
1. Try out a career
while still in school
2. Earn skills, at no
cost, that will help
you finance your
education
3. Have a back-up plan
in case your first
career choice is
delayed
Often missed in today’s career
planning . . .
• Many companies
require applicants to
pass a drug
screening test
• If an applicant fails
the test, he/she may
NEVER be able to
work for that
company
• Some have
mandatory time out
for DUIs
DRUGS
And think about it . . .
• What you post on social-networking sites can come
back to haunt you
• Your e-mail name needs to be professional or neutral
([email protected] may not be how you
want a prospective employer to remember you!)
• In a list of qualities or skills employers want,
Communication Skills and Honesty/Integrity were at the
top. GPA was #18 in a list of 21
• Taxpayers invest over $63,000 in each child’s education
• The South is losing an estimated $256 million a year to
provide remedial education to high school graduates not
ready for college level work
Start early.
Make a plan.
Discover your future.
Brought to you by . . .
Credits
• “The Future Is Not What It Used To Be!”
originally developed by Mike Rose,
Principal, Chesterfield Technical Center
• Adapted for Virginia by the Virginia
Career Education Foundation
August 2008
[email protected]