The New York Times did a recent study on the fate of the graduates of the Class of 2011 and unfortunately the results were not promising.
Unemployment among liberal-arts graduates was at 9.4 percent, higher than the national average, and with the average amount of student loan debt at $25,000, things are pretty bleak for recent grads. Jobs have not been plentiful and many students are either unemployed or working part-time jobs that don’t require a college degree.
In particular, the Times examined the fate of Drew University’s Class of 2011 and found that success in the job market was most closely related to family connections, networking skills, field of study, and luck, rather than GPAs or persistence.
Here’s a closer look at the numbers:
“17% of our sample of Drew University’s Class of 2011 is unemployed. 39% have full-time jobs, including six who have both full- and part-time jobs. 35% of students who are employed part time have two or more jobs. 74% of students who are interning are unpaid. 22% of students are in graduate school. 34% of jobs involve food service, retail, customer service, clerical or unskilled work.”
To read more about the Class of 2011, head over to the New York Times.