The next generation of jobseekers has a better shot at a higher-paying career than the one they came to college to enter, according to a new report from the career academy.
The new data released Monday shows that the median age of graduates who left college to become professionals is now 39.5, according the Career Institute’s annual study of the most-represented occupations in the U.S.
The study, which includes data from the American Association of University Women and the American Society of Social Workers, shows that those who went to college for higher education were more likely to have a bachelor’s degree than those who got a diploma or certificate.
Among the top five most-representative occupations, career academy graduates are in the health care, technology, information and communications (IT) field, financial services, technology services, and health care technology occupations, with the highest concentration of those who have completed at least a bachelor of science degree in the profession.
That group includes information and communication specialists, software engineers, computer programmers, and financial managers, the study found.
The report shows that only 1 in 10 graduates with bachelor’s degrees were in the financial services or IT fields.
The average age of those with bachelor degrees is 43.3 years.
Among graduates who went on to earn a degree, the median starting salary is $68,300, with nearly a quarter starting with $62,000 and more than a third with $60,000.
Those who have a master’s degree or higher make $77,300.
Among those who were earning a bachelor degree or more, more than half (51 percent) had a salary of $65,000 or more a year, the highest share in the report.
The top three most-demanding occupations for graduates who want a high paying job are information and information technology support workers, finance, and human resources.
The top three least-demanded occupations are human resources, business, and computer and information systems.
The most-common reasons for dropping out of college were not wanting to go to graduate school or needing to get a better job.
More than a quarter (26 percent) said that they did not want to work full-time or take out loans.
The survey found that more than 40 percent of graduates say they did drop out because they didn’t think they would get the job they wanted or needed, and a further 31 percent say they dropped out because of financial or other difficulties.
The survey also found that only 9 percent said they did it for financial reasons.
Among workers who took on more than $100,000 in debt to get their degrees, 28 percent said that it was because they could not afford it, according, and nearly 40 percent said their debt was due to a lack of interest.